We develop a theory of a firm in an incomplete contracts environment which decides on the complexity, the organization, and the global scale of its production process. Specifically, the firm decides i) how many intermediate inputs are simultaneously combined to a final product, ii) if the...

We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...

This paper highlights the following unique characteristic of the piped water market: Consider two firms that supply different water qualities into the same net. The mixed water quality of both firms defines the fixed costs of the net. These costs decrease with a higher water quality. Our model...

In-memory technology will radically transform the world of enterprise information systems Ðaccording to our enterprising quartet of Tim, Stephan, Martin, and Christian. Their article provides a comprehensive description of the elements of in-memory technology and the ways it might improve the...

The eco-efficiency approach [Schaltegger, S., and A. Sturm. 1990. "Ökologische Rationalität." <italic>Die Unternehmung</italic> 44 (4): 273-290; Holliday Jr., C. O., S. Schmidheiny, and P. Watts. 2002. <italic>Walking the Talk: The Business Case for Sustainable Development</italic>. San Francisco: Berrett-Koehler Publishers]...

"Deflation", "Kreditklemme" und "Bankenkrise" waren die Schlagworte in der Finanzpresse des Jahres 2003. Insbesondere hier zu Lande wurde über Monate in den Medien davon gesprochen, dass sich Deutschland in der japanischen Malaise befände. In ihrem Beitrag gehen Prof. Dr. Stephan Paul, Dr....