This paper analyzes some of the elements of the new economy. What is really new is first of all the technological innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two different things: a new device to handle data and to...

By integrating elements of both marketing and finance, we show how risk influences channel contract behavior. We model risk behavior as the interaction between risk attitude and risk perception (IRAP). An analysis of the joint channel decisions of 208 producers, wholesalers, and processors...

Often spiritualism and religion impose social and economic duties (constraints) on its adherents. Islam promotes various encouragements, limitations and prohibitions on expenditure, consumption and production. So, in modern world, does Islamic brand of economics have a place? Capitalism and...

Holz als nachwachsender Rohstoff erfährt in den vergangenen Jahren zunehmend Beachtung. Kajetan Zwirglmaier untersucht die Ursachen saisonaler Preisschwankungen am Beispiel des deutschen Holzmarktes. Auf der Basis eines allgemeinen theoretischen Modells über die Entstehung saisonaler...

Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation as well as in a standard dynamic model of entry and exit. We find...

The paper discusses the conditions under which new markets are created, and tries to identify them by an empirical case study of Japan's silver market. It starts from the perspective that the source of competitive advantage under fundamental uncertainty lies in the integration of objective and...