Since the Bologna Process, universities have experienced a tremendous increase in competitive pressure. The Excellence Initiative is a path-breaking initiative to the historically-based egalitarian higher education system in Germany to boost universities' competitiveness and the competition...

In this paper we investigate the impact of rising energy prices on technological progress in the market for renewable energies. We use patent data of OECD countries from 1970 to 2010 and test the impact of oil prices on the innovative success of countries; R&D, investment activities, electricity...

Large publishing companies have been dominating scientific publishing for long, which leads to high subscription fees and inhibited access to scientific knowledge. At digital era, the opportunity of an unrestricted access appears feasible, because the cost of publishing should be low. It is no...

Modern media technologies paved the way to the open access movement. Instead of the traditional academic subscription and publishing model, which allowed few big publishers to charge excessive publishing fees, the open access model raises the hope for a fair system, where scientific content is...

The entrepreneur has been neglected over the years in formal economic theorizing. Previously there has been only eclectic theories such as human capital theory and network dynamics which discuss certain perspectives of entrepreneurial behaviour. This insightful book closes this gap in...

Financial markets mirror the evolution of real economic industries as much as they influence them reciprocally. In this paper we show an approach how to connect both. We will focus on the impact of industrial dynamics on financial markets. Real economic sectors as well as financial markets will...

Economic behavior strives for efficiency. Therefore, also evolving network structures should be a result of such a goal-oriented behavior. Traditionally, networks were assumed to be only temporary phenomena, since the prevailing organizational forms that comply with the efficiency postulate are...

This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory. The authors argue that modern evolutionary economics is at a crossroads. At a theoretical level, modern evolutionary economics is moving away from the...

In this article we highlight the importance of technology flows between sectors and their impact on the labour productivity of large-scale corporations. Based on theoretical considerations, we explore technological spillovers between the sectors of an economy. Large-scale corporations usually...