Along with incentive schemes, another well-established way to align the interests of principals and agents and, consequently, to reduce and eliminate biases and errors is the practice of monitoring. Considering the monitoring of experts, we evaluate the introduction of the most recent monitoring...

Management scholars have long stressed the importance of evolutionary processses for inter-firm cooperation but have mostly missed the promising opportunity to incorporate ideas from evolutionary theories into the analysis of collaborative arrangements. In this paper, we first present three...

Die Deutsche Bahn musste in den vergangenen sechs Jahren eine Gesamtdividende von 2,85 Mrd. Euro bei einem kumulierten Jahresergebnis von knapp 2,35 Mrd. Euro zahlen. Die DB Netz verfolgte in diesem Zeitraum eine monopolistische Preispolitik für die Verkehrsunternehmen auf den nachgelagerten...

The aim of auditing is to protect active and potential investors from accounting fraud. Nevertheless, as many auditing scandals have demonstrated, auditing has a dark side. Correct auditing is a public good provided by private auditing firms, but these firms are paid by the enterprise being...

In this paper, we explain the stability of top university ranks and discuss attempts to create top national universities. Firstly, it is shown theoretically that in a world with differently-gifted poor and rich students, a three-tier university system may become very stable, with a super league...