This paper analyses the emergence of new organizational forms across Europe. These new organizational forms include features such as flattened organizational hierarchies, a reliance on task forces and teams instead of rigid compartmentalisation, the use of elaborate internal IT systems and...

"Winner-take-all" markets (i.e., markets in which the relative and not the absolute performance is decisive) have gained in importance. Such markets have a tendency to provoke inefficiently many entries. We investigate such markets in an experiment and show that there are even more inefficient...