Viele ökonomische Entscheidungen führen zu Kosten, die bei einer Revision der Entscheidung nicht wieder zurückgeholt werden können. Diese in der Ökonomik als "versunken" bezeichneten Kosten stellen einerseits das Investitionsrisiko, andererseits den spezifischen Kapitalstock eines...

Summary The paper discusses the link between financing R&D and tangible investment, firm size, and corporate governance. Mechanisms of corporate governance, such as the presence of large shareholders or stakeholders, may reduce agency and specificity problems and improve access to external...

The paper characterises the building blocks of a framework to enforce anti-predation rules and subsequently evaluates selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante approach and two ex post approaches, it is shown...

An agent-based model simulates consumer demand for smart metering tariffs. It utilizes the Bass Diffusion Model and Rogers's adopter categories to locate demand-side barriers and drivers. Integration of empirical census microdata enables a validated socio-economic background for each consumer....

This indispensable Handbook examines both economic and legal aspects of competition policy and industrial organization. It provides a scholarly review of the state of the art regarding economic theory, empirical evidence and standards of legal evaluation. The book aims primarily at furthering...

The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence...

The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence...

This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards,...