In enhanced annuities, the annuity payment depends on one's state of health at some contracted date while in "standard annuities", it does not. The focus of this paper is on an annuity market where "standard" and enhanced annuities areoffered simultaneously. When all insured know equally well on...

New approaches in health care, such as e.g. Integrated Delivery Systems, affect the role and tasks of medical suppliers. More and more, medical suppliers are incorporated into the process of guiding patients to medical specialists and hospitals and thus managing the course of disease. In this...

New approaches in health care, such as e.g. Integrated Delivery Systems, affect the role and tasks of medical suppliers. More and more, medical suppliers are incorporated into the process of guiding patients to medical specialists and hospitals and thus managing the course of disease. In this...

New approaches in health care, such as e.g. Integrated Delivery Systems, affect the role and tasks of medical suppliers. More and more, medical suppliers are incorporated into the process of guiding patients to medical specialists and hospitals and thus managing the course of disease. In this...

The present paper examines the relationship between fixed-term employment and jobsatisfaction using individual-level data from the German Socio Economic Panel (GSOEP).According to theoretical expectations, fixed-term employment should be associated with arelative low level of job satisfaction,...

The aim of this paper is to explain consulting failure from a systems-theoretical perspectiveand to provide a new framework for analysing consultant–client relationships. By drawing onLuhmann’s systems theory, clients and consultants are conceptualised as two autopoieticcommunication systems...

Although labor mobility has been recognized as a key mechanism to transfer tacit knowledge,prior research on inventors has so far neglected to address the question of the consequence ofa move on inventive performance. This paper improves on the current R&D literature bypresenting a...

Germany is one of few countries in which the monetary compensation for inventors is notonly determined by negotiations between employer and employee-inventor, but also byrelatively precise legal provisions. In this paper, we describe the characteristics of the GermanEmployees’ Inventions Act...

For a sample of 267 financially distressed German corporations, I analyze firms'decision to recapitalize by raising fresh equity. I find evidence consistent with thehypothesis that wealth transfers from owners to creditor resulting from a costlydebt overhang present a potential impediment to a...

This paper provides new information, not available from other sources, on the characteristics ofthe innovation process in Europe, and on the economic use and value of European patents. Ourdata are drawn from a survey (PatVal-EU, or PatVal for short) of 9,017 patents granted by theEuropean Patent...