Economics of industrial organization Books

Book SynopsisUnderstanding the behavior of individuals and firms is at the heart of evolutionary economics, and of related fields such as behavioral economics, management, and psychology. This book brings together a set of cutting-edge theoretical and empirical contributions addressing individual agents, the evolution of firm organization, as well as the interplay of firm dynamics and regional development. This new and original collection of papers focuses on the intersection of three strands of research: evolutionary economics, behavioral economics, and management studies. Combining theoretical and empirical contributions, the expert contributors demonstrate that the intersection of these fields provides a rich source of opportunities enabling researchers to find more satisfactory answers to questions that (not only evolutionary) economists have long been tackling. Topics discussed include individual agents and their interactions; the behavior and development of firm organizations; and evolving firms and their broader implications for the development of regions and entire economies. This challenging book will prove a thought provoking read for academics, students and researchers with an interest evolutionary economics, behavioral economics and business and management, particularly strategy and entrepreneurship. Contributors: Z. Babutsidze, M.C. Becker, R.A. Boschma, G. Buenstorf, T. Burger-Helmchen, U. Cantner, C. Cordes, M.S. Dahl, H. Dawid, K. Frenken, P. Gjerlov-Juel, W. Guth, P. Harting, H. Kliemt, S. Krabel, P. LlerenaTrade ReviewIf there is anything that can invariably be experienced in modern economies, then it is their incessant innovative transformation. In this fine volume Buenstorf brings together a selection of cutting edge research papers which jointly give the reader a grasp of how these innovative changes come about. The volume highlights how evolutionary economics keeps track of the transformation processes at various levels. With its well chosen focus on behavioral studies, organizational learning and development, and industrial genealogy the volume covers the currently most dynamic topics in the field. --- Ulrich Witt, Max Planck Institute of Economics, GermanyTable of ContentsContents: 1. Introduction Guido Buenstorf PART I: ECONOMIC BEHAVIOR: INDIVIDUALS AND INTERACTIONS 2. To Weigh or Not to Weigh that is the Question: Advice on Weighing Goods in a Boundedly Rational Way Werner Güth and Hartmut Kliemt 3. Emergent Cultural Phenomena and their Cognitive Foundations Christian Cordes 4. Consumer Learning through Interaction: Effects on Aggregate Outcomes Zakaria Babutsidze 5. Scientists’ Valuation of Open Science and Commercialization: The Influence of Peers and Organizational Context Stefan Krabel PART II: THE EVOLUTION OF FIRMS 6. Capturing Firm Behavior in Agent-based Models of Industry Evolution and Macroeconomic Dynamics Herbert Dawid and Philipp Harting 7. The Emergence of Clan Control in a Science-based Firm: The Case of Carl Zeiss Markus C. Becker 8. Creativity, Human Resources and Organizational Learning Thierry Burger-Helmchen and Patrick Llerena PART III: EVOLVING FIRMS AS DRIVERS OF ECONOMIC DEVELOPMENT 9. Economic Development as a Branching Process Koen Frenken and Ron A. Boschma 10. Spin-off Growth and Job Creation: Evidence on Denmark Pernille Gjerløv-Juel and Michael S. Dahl 11. Innovationes Jenenses: Some Insights into the Making of a Hidden Star Uwe Cantner Index

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Book SynopsisAdam Smith warned of the prevalence of corporate conspiracies more than two hundred years ago. Since then, interest in cartels has sometimes intensified (during the Great Depression, for example) and sometimes diminished, but the need for control has always remained on the antitrust agenda. This well-documented book reviews the economic case against corporate collusion, as well as the arguments made for a more permissive attitude. A survey of recent empirical research reveals not only the prevalence of a wide range of international cartels but also the size of the inefficiencies and costs that they impose on customers and consumers. The antitrust reaction has therefore intensified with greatly increased fines being imposed by the US, the EU and other authorities. At the same time, they have developed sophisticated leniency polices with the aim of destabilizing the illegal conspiracies. After reviewing these measures, the author concludes with the hope that this toughened approach is not modified or reversed during periods of recession. This insightful book will appeal to undergraduates in economics, business and law studying antitrust and law and economics.Trade Review'Mike Utton's timely new book provides an excellent overview of issues arising from cartels and collusion between firms and shows how this remains an important policy concern in the world today. The book covers areas such as the economics of collusion, the case for collaboration and the persistence of cartels over time. It then moves on to policy development and discusses current policy both in the US and EU. Individual cases are reviewed and the important development of leniency policy is discussed as a key feature in policy today. Overall this is a very useful addition to the literature and will be particularly of use to both students and other researchers working in this field.' --Roger Clarke, Cardiff University, UKTable of ContentsContents: Preface 1. The Economics of Collusion 2. The Case for Collaboration 3. The Persistence of Cartels 4. The Effects of Cartels: Markups and Welfare Losses 5. The Evolution of Cartel Policy 6. Penalties for Antitrust Offences 7. Carrots Rather than Sticks: Leniency Programmes in the US and the EU 8. Conclusion References Index

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Book SynopsisThis illuminating book broadly addresses the emerging field of 'diversity of capitalism' from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These countries are of particular interest due to the fact that they are often considered to have developed their own peculiar blend of models of capitalism. The expert contributors take a common institutional approach, focusing on institutions at the macro level. They present case studies to demonstrate the diversity of institutional patterns at the advent of the 21st century, both within the East Asian region and elsewhere. Examples of stability within existing institutions are illustrated alongside examples of comprehensive institutional change. Underpinning the case studies are a set of theoretical and empirical challenges for researchers concerned with national institutional settings, path dependence and endogenous dynamics. Institutional Variety in East Asia will prove a fascinating read for academics and students with an interest in Asian studies, institutional theory, political economy and heterodox economics.Table of ContentsContents: 1. Coordination between Inertia and Dynamic Development: An Overview of Issues and Contributions Werner Pascha, Cornelia Storz and Markus Taube PART I: INSTITUTIONAL CHANGE AND INERTIA 2. Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style Joachim Ahrens and Patrick Jünemann 3. Tracing the Process of Property Rights Specification in China: The Case of New Technology Enterprises Marcus Conlé 4. Institutional Change and the Role of Government: Technology Policy in Japan and Korea Tim Goydke 5. Higher Education Reform in South Korea and the Transformation of University Governance Peter Mayer 6. Institutions and Organizations in Korea’s Upstream Innovation Governance: A Search for Adaptive Efficiency? Dominik F. Schlossstein PART II: PATTERNS OF COORDINATION 7. The Current State of Research on Networks in China’s Business System Johannes Meuer and Barbara Krug 8. A Different Capitalism for China? The Role of Guanxi and the Family for Chinese Economic Development Susanne Rühle 9. Patterns of Distinctive Institutional Change in Chinese Capitalism Tobias ten Brink 10. Japan’s Silver Market: Creating a New Industry under Uncertainty Cornelia Storz and Werner Pascha 11. The Role of Institutional Conditions in Japanese FDI in European Transition Economies Norifumi Kawai Index

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Book SynopsisThis essential collection of papers by David J. Teece explores ideas of both theoretical and practical significance in the field of strategic management, particularly the importance of dynamic capabilities for organizations in industries undergoing change.In an era of global specialization, mainstream theories of the firm that obsess on contracts and production functions, knowledge accumulations, and knowledge dispersion are poor abstractions of reality. The author's understanding of contemporary realities is well reflected and clearly articulated in this critical volume. Topics addressed include the development and elaboration of the dynamic capabilities framework (with an emphasis on the orchestration of resources both inside and outside the firm to capture value), as well as the theoretical and conceptual understanding of the essence of the firm.Students, professors and researchers working in economics, business and management, organization studies and innovation studies will find this book an invaluable resource.Trade Review'Religion, Rights and Secular Society by Peter Cumper and Tom Lewis is a both timely and important publication. In a series of highly interesting and well-written essays - some of which are case studies covering many different European nations whereas others are more theoretical - the book looks at a key paradox in contemporary Europe: the relatively high levels of secularity in most European countries on the one hand, and the marked resurgence of religion in public debates on the other. While never pretending that there are ready answers to the problems of reconciling secular and religious values in Europe, the contributors make it quite clear that Europeans need to return to questions about religion that they had previously regarded as being settled. This is food for thought at a very high level!' --- Helle Porsdam, University of Copenhagen, DenmarkTable of ContentsContents: Acknowledgements Introduction David J. Teece PART I FOUNDATIONS OF STRATEGY 1. David J. Teece (2010), ‘Alfred Chandler and “Capabilities” Theories of Strategy and Management’ 2. David J. Teece (2010), ‘Business Models, Business Strategy and Innovation’ 3. Mie Augier and David J. Teece (2008), ‘Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System’ 4. David Teece (2003), ‘Knowledge and Competence as Strategic Assets’ PART II INNOVATION 5. David J. Teece (2003), ‘Industrial Research’ 6. David J. Teece (2005), ‘Technology and Technology Transfer: Mansfieldian Inspirations and Subsequent Developments’ 7. David J. Teece (2006), ‘Reflections on “Profiting from Innovation”’ 8. Gary P. Pisano and David J. Teece (2007), ‘How to Capture Value from Innovation: Shaping Intellectual Property and Industry Architecture’ 9. David J. Teece (2010), ‘Technological Innovation and the Theory of the Firm’ 10. David J. Teece (2008), ‘Dosi’s Technological Paradigms and Trajectories: Insights for Economics and Management’ 11. Mie Augier and David J. Teece (2005), ‘An Economics Perspective on Intellectual Capital’ 12. David J. Teece and Sidney G. Winter (1984), ‘The Limits of Neoclassical Theory in Management Education’ PART III INNOVATION AND THE THEORY OF THE FIRM A Boundaries 13. Henry Ogden Armour and David J. Teece (1980), ‘Vertical Integration and Technological Innovation’ 14. David J. Teece (2005), ‘Technological Know-How, Property Rights, and Enterprise Boundaries: The Contribution of Arora and Merges’ B Cooperation, Contracts and Licensing 15. David J. Teece (1989), ‘Inter-Organizational Requirements of the Innovation Process’ 16. Kyle J. Mayer and David J. Teece (2008), ‘Unpacking Strategic Alliances: The Structure and Purpose of Alliance Versus Supplier Relationships’ 17. Chris Pleatsikas and David Teece (2001), ‘The Competitive Assessment of Vertical Long-Term Contracts’ 18. Edward F. Sherry and David J. Teece (2004), ‘Contractual Hazards and Long-Term Contracting: A TCE View from the Petroleum Industry’ C Internationalization 19. David J. Teece (2006), ‘Reflections on the Hymer Thesis and the Multinational Enterprise’ 20. Mie Augier and David J. Teece (2007), ‘Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions’ 21. Christos N. Pitelis and David J. Teece (2010), ‘Cross-Border Market Co-Creation, Dynamic Capabilities and the Entrepreneurial Theory of the Multinational Enterprise’ D Capabilities 22. Mie Augier and David J. Teece (2006), ‘Understanding Complex Organization: The Role of Know-How, Internal Structure, and Human Behavior in the Evolution of Capabilities’ 23. Valery S. Katkalo, Christos N. Pitelis and David J. Teece (2010), ‘Introduction: On the Nature and Scope of Dynamic Capabilities’ 24. David J. Teece (2007), ‘Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance’ 25. David J. Teece (2007), ‘Managers, Markets, and Dynamic Capabilities’ 26. David J. Teece (2010), ‘Technological Innovation and the Theory of the Firm: Towards a Theory of the Innovating Firm’

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Book SynopsisEducation must adapt to the Fourth Industrial Revolution. The most advanced countries in the world are all facing the challenge of retraining several generations of workers who are becoming obsolete. The education system has failed them because it hasn't evolved to respond to the advent of the Digital Revolution. It has prepared workers to meet yesterday's challenges, not tomorrow's demands. In Learning to Unlearn, Founder and CEO of Global Alumni, Pablo Rivas, an industry leader in digital education, shows us how the Digital Revolution is tearing down the traditional educational system and transforming the economy, building a brave new world for the 21st century. We already enjoy the best standards of living in human history, with better health, longer life expectancy, and access to the best tools and digital technologies. With freer societies and more global interaction, now is the time to rethink the way we learn how to solve the pressing problems we still face, re-engage those who have been left behind and build the world of tomorrow, not yesterday.Table of ContentsIntroduction: Learning every day PART I: You can float even if they take the floor away from under you 1. Break all your paradigms: learn to unlearn 2. Uncertainty will improve your life 3. Say "good morning" to a machine 4. Why does everyone talk about disruption? PART II: Education 5. I'm on your team 6. Poring over big data 7. The figure of the old professor 8. In practice 9. The company as a learning space 178 PART III: Take your first steps 10. The opportunity for a start-up 11. Giants move slowly 12. Uncertainty requires flexibility Epilogue: the best moment in history References and resources About the author

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Book SynopsisFirst published as ‘Markets for Managers’, this book has proved to be a popular way for non-economists to understand and apply the key tools of economics in a business setting. Professor Anthony J. Evans, one of Europe’s leading Managerial Economics instructors, brings the content that works in his classrooms to an even wider audience. Written in an engaging and informal way, whether you are a busy executive or simply an interested amateur this is your go-to guide. In this revised and updated edition, you will be led through the building blocks of economic theory and how they relate to the real world. You will see how thinking like an economist can improve your decision making, and how markets can be used to generate value within organizations and in society at large. The book incorporates the main principles of both micro and macroeconomics and takes a broad and diverse approach. In it you will encounter the most interesting economists and understand their contributions in a historical context. The practical format is perfect for professionals and students who want to gain an applied perspective on today’s most pressing issues.Trade Review“This book is an engaging, clear, comprehensive course in economics that will give managers the key insights used every day by professional economists. For the average layperson interested in economics, this book is important. For the manager who wants their firm to thrive in an uncertain world, this book is essential. This is the best book on managerial economics I have ever read.” SAM BOWMAN, Director of Competition Policy, International Centre for Law and Economics; “The perfect way for busy people to understand how markets function, how they can be used to help managerial decision making, and how economic policy impacts corporate performance. Evans provides an excellent overview of the key debates in economic theory and leaves the reader enlightened, rather than frustrated. Highly recommended.” ALLISTER HEATH, Editor, The Sunday Telegraph

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Book SynopsisThe transition to twenty-first century post-industrial capitalism from the ‘welfare’ industrial capitalism of the twentieth century, has affected the ways in which class is lived in terms of relational inequality and the factors that structure identity. Class After Industry takes a complex realist approach to the dynamics of individual lives, places, the social structure and analyses their significance in terms of class. A wide range of quantitative and qualitative studies are drawn on to explore how ‘life after industry’ shapes class, and the consequent potential for social change. The book will be of interest across the social sciences and beyond, to those concerned with how class forms might translate into political action. Table of ContentsThis book is about social class ‘after industry’. 21st Century post-industrial capitalism is different from the ‘welfare’ industrial capitalism of the twentieth century. The division between those who sell their labour and the owners of the means of production remains, but the ways in which class is lived in terms both of position in relation to inequality and how that and other factors structure identity have been transformed. The book takes a complex realist approach to the dynamics of individual lives, places and the whole social structure and their significance for class. A wide range of studies, both quantitative and qualitative, are drawn on to explore how ‘life after industry’ shapes class in all its aspects and the consequent potential for social change. The book will be of interest across the social sciences and beyond for those concerned with how class forms might translate into political action.

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Book SynopsisThis book focuses on the process of designing a new business, known as entrepreneurship. It gives emphasis to the deep relationship between entrepreneurship and organizational innovation. This book provides a wide range of information and knowledge, namely: - on the different initiatives to be developed in order to promote an entrepreneurial culture; - on the different types and levels of innovation and organizational change to be implemented by organizations; - on the possible strategies to be developed with a view to fostering qualified entrepreneurship through a strong training component; -on the involvement of the different agents of innovation to equip the promoting entrepreneurial projects teams with scientific and technical knowledge in the different areas of intervention, such as marketing, finance, human resources management, the protection of intellectual property, techniques to persuade investors, etc.This book contributes not only to the transmission of knowledge and know-how in what concerns the techniques, procedures and strategies of entrepreneurial management, but also, and above all, to the construction of the behaviors, characteristics and entrepreneurial attitudes, leading to high levels of success in the business world.Table of ContentsEntrepreneurship and organizational innovation.- Intra-entrepreneurship.- Organizational innovation.- Culture and organizational behaviour.- Work challenges and changes.- Communication, participation and involvement in innovative environments.- Competitive management practices.- Human resource management.- Matching human and innovative organizations needs.- Motivating people in an innovative environment.- Developing leadership / entrepreneurial skills.- Global management.- Team building and innovation.- Strategic management.- Employee motivation and entrepreneurship.- Conflict management and work challenges.- Learning skills and styles in work innovation.

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Book SynopsisThis two-volume work provides a comprehensive overview of the Belt and Road Initiative, examining its impact on economic growth, trade, financial systems and international relations. Weaving theory with real-world examples, Joshua makes an important contribution to the understanding of how the Global Economy is being shaped through these developments.In this second volume, Joshua focuses on the operation of the international monetary system and the effects of the Belt and Road Initiative on both China's domestic economy and the Global Economy. In addition, this volume addresses the consequences of economic growth on the environment and international relations.Table of Contents Introduction The Changing International Financial System International Economic Growth The Effects of the Belt and Road Initiative on China's Domestic Economy Effects of the Belt and Road Initiative on the Domestic Economies of Participating Countries Effects of the Belt and Road Initiative on the Global Economy The Belt and Road Initiative and International Relations The Rise and Fall of Nations

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Book SynopsisThis book presents a systematic approach to the management of physical assets from concept to disposal, building upon the previous editions and brought up-to-date with the new international standards ISO55002 and ISO/TS50010. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of physical asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, strategic asset management planning, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Features include: providing a textbook for asset management courses to university level; relating closely to the ISO55000 international asset management standard series; providing a basis for the establishment of physical asset management as a professional discipline; and presenting case studies, analytical techniques and numerical examples with solutions. Written for practitioners and students in asset management, this book provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering. Table of ContentsIntroduction to Asset Management.- Structure and Activities.- Asset Management Personnel.- From Concept to Project Approval.- Financial Methods.- Developing a Business Case.- Implementing Development Plans.- Life Cycle Planning and Costing.- Know Your Assets.- Asset Continuity Planning.- Strategic Asset Management Planning.- Capital Planning and Budget.- Asset Management.- Information Systems.- Cost-Benefit Analysis.- Risk Analysis and Risk Management.- Outsourcing.- Logistic Support.- Asset Basic Care.- Maintenance Organization and Budget.- Stock Control.- Reliability, Availability, Maintainability.- Safety.- Profit, Depreciation and Tax.- Asset Decision Examples.- Economic Life.- Equipment Replacement Decisions.- Further Financial Topics.- Performance, Audit and Review.

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Book SynopsisIn this book Harold L. Vogel comprehensively and holistically examines the business economics and investment aspects of major components of the travel industry, including airlines, hotels, casinos, amusement and theme parks, cruise lines, and tourism. The book is designed as an economics-grounded text that uniquely integrates reviews of each sector’s history with economics, accounting, and financial aspects and analysis. As such, it provides a concise, up-to-date reference guide for financial analysts, economists, industry executives, legislators and regulators, advertisers, and journalists interested in the economics, financing, and marketing of travel and tourism-related goods and services.The fourth edition of this well-established text updates, refreshes, and significantly broadens the coverage of tourism economics. It includes new sections on travel law and applications of big data and artificial intelligence technologies as well as additional material on demographic spending patterns, the online travel agency business, the pandemic’s effects and affects on industry finances, expanded coverage of the cruise line industry, and information on the damage to tourist destinations caused by excessive pollution and traffic.Table of Contents Part I: Introduction.- Part II: Getting There.- Part III: Being There.- Part IV: Doing Things There.- Part V: Roundup.

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Book SynopsisIn this book Harold L. Vogel comprehensively and holistically examines the business economics and investment aspects of major components of the travel industry, including airlines, hotels, casinos, amusement and theme parks, cruise lines, and tourism. The book is designed as an economics-grounded text that uniquely integrates reviews of each sector’s history with economics, accounting, and financial aspects and analysis. As such, it provides a concise, up-to-date reference guide for financial analysts, economists, industry executives, legislators and regulators, advertisers, and journalists interested in the economics, financing, and marketing of travel and tourism-related goods and services.The fourth edition of this well-established text updates, refreshes, and significantly broadens the coverage of tourism economics. It includes new sections on travel law and applications of big data and artificial intelligence technologies as well as additional material on demographic spending patterns, the online travel agency business, the pandemic’s effects and affects on industry finances, expanded coverage of the cruise line industry, and information on the damage to tourist destinations caused by excessive pollution and traffic.Table of Contents Part I: Introduction.- Part II: Getting There.- Part III: Being There.- Part IV: Doing Things There.- Part V: Roundup.

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Book SynopsisThis textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm.What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data—time series or cross section—that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.Table of Contents1. Introduction.- 2. Consumer Demand: Theory.- 3. Consumer Demand: Separability and Commodity Aggregation.- 4. Consumer Demand: Empirical Analysis I.- 5. Consumer Demand: Empirical Analysis II.- 6. Quality, Heterogeneous Goods, and Cross Section Demand.- 7. Derived Demand, Marketing Margins, and Relationship between Output and Raw Material Prices.- 8. Retail-to-Farm Demand Linkages, Imperfect Competition, and Short-Run Price Determination.- 9. Dynamic Consumer Demand.- 10. Dynamic Models of the Firm.

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Book SynopsisThis open access book summarizes research being pursued within the SISCODE (Society in Innovation and Science through CO-DEsign) project, funded by the EU under the H2020 programme, the goal of which is to set up an analytical, reflective and learning framework to explore the transformations in initiatives and policies emerging from the interaction between citizens and stakeholders. The book provides a critical analysis of the co-design processes activated in 10 co-creation labs addressing societal challenges across Europe. Each lab as a case study of real-life experimentation is described through its journey, starting from the purpose on the ground of the experimentation and the challenge addressed. Specific attention is then drawn on the role of policies and policy maker engagement. Finally, the experimentation is enquired in terms of its output, transformations triggered within the organization and the overall ecosystem, and its outcomes, opening the reasoning towards the lessons learnt and reflections that the entire co-creation journey brought.Table of Contents

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Book SynopsisThis open access book summarizes research being pursued within the SISCODE (Society in Innovation and Science through CO-DEsign) project, funded by the EU under the H2020 programme, the goal of which is to set up an analytical, reflective and learning framework to explore the transformations in initiatives and policies emerging from the interaction between citizens and stakeholders. The book provides a critical analysis of the co-design processes activated in 10 co-creation labs addressing societal challenges across Europe. Each lab as a case study of real-life experimentation is described through its journey, starting from the purpose on the ground of the experimentation and the challenge addressed. Specific attention is then drawn on the role of policies and policy maker engagement. Finally, the experimentation is enquired in terms of its output, transformations triggered within the organization and the overall ecosystem, and its outcomes, opening the reasoning towards the lessons learnt and reflections that the entire co-creation journey brought.Table of Contents

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Book SynopsisThis book highlights the importance of clusters for the competitiveness of companies and is divided into three interrelated parts. The first part focuses on localization economics, cluster theory, the role of innovation, and innovation partnerships in cluster formations. The second part of the volume presents original research carried out from 2018 to 2020 in the field of both natural clusters and organized clusters. In addition to examining the impact of cluster membership, the contributions also focus on additional factors that may affect the financial performance of companies. In the third part, an additional survey and case studies are presented, to examine the specifics of family businesses in selected industrial districts of the textile, glass, and jewelry industries. A broader overview of the development of dominant industries in the selected districts is provided, for an easier understanding of the relationships of competition among companies and locations in the business clusters. The book evaluates implications for microeconomic and macroeconomic policies and provides proposals for corporate inter-organizational behavior.This volume addresses scholars and researchers of economics, business, and management, as well as policy-makers and practitioners interested in a better understanding of innovation and performance drivers of business clusters.Table of ContentsChapter 1. Introduction.- Chapter 2. Evolving Insight of Localization Theories into Cluster Existence.- Chapter 3. Theory of Clusters.- Chapter 4. Innovation and Innovation Partnership.- Chapter 5. Dynamic Development of Companies in an Industry Cluster.- Chapter 6. Conceptual and Methodical Research Procedures.- Chapter 7. Specifics of Natural Industry Clusters.- Chapter 8. Specifics of Institutionalised Cluster Organisations.- Chapter 9. Economic Impact of Clusters.- Chapter 10. Approach to Innovation in Selected Industries.- Chapter 11. Tradition, Innovation and Family Business as Factors of Sustainable Development of Industry Clusters.- Chapter 12. Summary and Discussion of Research into Natural and Institutionalised Cluster Organisations. Conclusions.

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Book SynopsisThis book constitutes a critical review of Nigeria’s attempts to achieve rapid industrial development since independence from Britain in 1960. It details the issues, challenges, and hard choices confronted by Nigerian political leadership and highlights the reasons why the country ultimately failed to achieve industrial take-off in spite of its abundant human and material resources. Chapters take a retrospective look at government industrial development policies and programs, including the steel industry, agro-allied and forest-based industries, and the industrial estate development program. The book also discusses tariff and trade policies, incentives and disincentives to foreign direct investment (FDI) in the manufacturing sector, and small and medium enterprise (SME) development. The book concludes with a look at the recent drive towards regional integration as well as the potential impact of the Economic Partnership Agreement (EPA) between the European Union and sixteen countries of West Africa. Providing an exhaustive history of Nigeria’s economic and industrial development, this volume will be of interest to researchers and students of African economics, development studies, and industrial organization, as well as policy makers in both the public and private sectors.Table of ContentsChapter 1: The Emerging Nigerian Economy.- Chapter 2: Manufacturing Sector in the Nigerian Economy.- Chapter 3: Industrial Development Policies and Strategies.- Chapter 4: The Nigerian Steel Industry: Retrospect and Prospect.- Chapter 5: Resources and Opportunities for Competitive Industrial Systems in Nigeria’s Agro-allied and Forest-based industries.- Chapter 6: A Hard Look at Industrial Estate Development in Nigeria.- Chapter 7: Incentives and Disincentives to Foreign Direct Investment in the Nigerian Manufacturing Sector.- Chapter 8: An Appraisal of the Export Potential of Made- in- Nigeria Goods.- Chapter 9: Tariff Harmonization in West Africa and Africa : Prospects for the Nigerian Manufacturing Sector.- Chapter 10: Future of the Manufacturing Sector in West Africa Under the Economic Partnership Agreement with the European Union.- Chapter 11: Small and Medium Enterprise Development under the Structural Adjustment Programme in Nigeria.- Chapter 12: Business Incubators and Small Enterprise Development in Nigeria.- Chapter 13:Policies and Strategic Issues in Promoting Rapid Industrial Development in Nigeria.- Appendices.- Index.

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Book SynopsisThis book presents a selection of the best papers given at the XXIV International Conference on Industrial Engineering and Industrial Management. The conference is promoted by ADINGOR (Asociación para el Desarrollo de la Ingeniería de Organización) and organized by the Universidad Politécnica de Madrid and the Universidad Carlos III de Madrid. It took place at the Universidad Carlos III de Madrid (Leganés, Spain) in July 2020. Ensuring Sustainability embodies the latest advances in research and cutting-edge analyses of real case studies in industrial engineering and operations management from diverse international contexts. It also identifies business applications for the latest findings and innovations in operations management and the decision sciences.Table of Contents1. Sustainability, Eco-efficiency and Quality Management.- 2. Strategy, Innovation, Networks and Entrepreneurship.- 3. Operations Research, Modelling and Simulation.- 4. Supply Chain Management and Logistics.- 5. Production Planning and Control.- 6. Management Information Systems and Knowledge Management.- 7. Project and Process Management.- 8. Service Systems.- 9. Human Resources and Organizational Design.- 10. Product Design, Industrial Marketing and Consumer Behaviour.- 11. Education in Organizational Engineering.

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Book SynopsisMergers & acquisitions are an essential instrument of strategic corporate management for companies of all sizes. The success of an M&A project highly depends on an optimal transaction preparation, fast execution and the experience of all parties involved. Due to numerous endogenous and exogenous influences, no two M&A transactions are alike at the detailed level. This book is designed as a practical M&A guide for students and professionals alike. In addition to dealing with important basics of mergers & acquisitions, the focus is on a structured and in-depth examination of the individual process steps of a typical company sale. At various points in this book, specific differences between a company sale of medium-sized companies (mid-caps) and large companies (large-caps) are discussed in detail.Table of ContentsChapter 1. The foundation of the consideration.- Chapter 2. David and Goliath: Mid-cap and large-cap companies.- Chapter 3. M&A sales process.

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Book SynopsisThis open access book addresses the future of work and industry by 2040—a core interest for many disciplines inspiring a strong momentum for employment and training within the industrial world. The future of industrial safety in terms of technological risk-management, although of obvious concern to international actors in various industries, has been quite sparsely addressed. This brief reflects the viewpoints of experts who come from different academic disciplines and various sectors such as oil and gas, energy, transportation, and the digital and even the military worlds, as expressed in debates and discussions during a two-day international seminar. The contributors address such questions as: What influence will ageing and lack of digital skills in the workforce of the occidental world have on safety culture? What are the likely impacts of big data, artificial intelligence and autonomous technologies on decision-making, and on the roles and responsibilities of individual actors and whole organizations? What role have human beings in a world of accelerating changes? What effects will societal concerns and the entrance of new players have on technological risk management and governance? Managing Future Challenges for Safety will interest and influence researchers considering the future effects of a number of currently developing technologies and their practitioner counterparts working in industry and regulation.Table of Contents1. Times are Changing and So Is Safety.- 2. 50+-Year Career in Company: How to Tackle Issues in Prolonged Worker Careers.- 3. Senior Mentoring: Skill Transfer Subject to Conditions.- 4. Rethinking Competencies on Hazardous Industries: Case Study of the Nuclear Sector in France.- 5. Airbus Global Work Forecast (GWF): Meeting the Future Competence Challenge.- 6. Evolution in the Way of Waging War for Combatants and the Military Leader.- 7. Learning from the Military: Autonomous Systems and Safety in Work and Organizations.- 8. Critical Digital Services : An Under-Studied Safety-Critical Domain.- 9. Between Natural and Artificial Intelligence: Digital Sustainability in High-Risk Industries.- 10. Industry of the Future and Future of Work: Lessons Learned from Worker–Technology Cooperation and Work-Transformation Management.- 11. Towards Subordination of Regulation? Perspectives on Standardization and Safety Management in High-Hazard Industries in the Future.- 12. Conclusion.

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Book SynopsisThe financial system is currently confronted with tremendous challenges from the global economy, trade, politics, demographics, and most recently from enormous technological advancements.

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Book SynopsisPolitical Economy of Regulation.- Regulation in the EU.- Too Much Regulation.- Too Weak to Regulate.- Financial Regulation in the EU.

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Book SynopsisLeonhard Miksch (1901 - 1950) ist eine vielschichtige Persönlichkeit innerhalb der Gründungsgeneration der Freiburger Schule. Als Schüler Walter Euckens avancierte er zum engen wirtschaftspolitischen Berater Ludwig Erhards und war maßgeblich an der Entstehung der Sozialen Marktwirtschaft beteiligt. Dieser Band liefert einen Einblick in sein Leben und Werk sowie eine Diskussion seiner wichtigsten Beiträge zur Freiburger Forschungstradition. Sie wurden anlässlich seines 60. Todestages im September 2010 von Uwe Dathe, Nils Goldschmidt, Wernhard Möschel und Ekkehard A. Köhler am Walter Eucken Institut vorgestellt. In einem zweiten Teil werden einige wissenschaftliche Beiträge und Zeitschriftenartikel von Leonhard Miksch abgedruckt. Mit einer Einleitung von Lars P. Feld und Ekkehard A. Köhler sowie Bildtafeln, Faksimiles und einer Bibliographie liefert dieser Band eine erste historische Aufarbeitung des Werks von Leonhard Miksch innerhalb der Freiburger Forschungstradition.

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Book SynopsisMit der Festschrift für Christian Kirchner sollte ein außergewöhnlicher akademischer Lehrer und Forscher zu seinem 70. Geburtstag geehrt werden, der in seiner die Rechts- und Wirtschaftswissenschaften umfassenden Laufbahn, zuletzt während seiner fast 20-jährigen Tätigkeit als Professor an der Humboldt-Universität zu Berlin, entscheidend zur Entwicklung des modernen Wirtschaftsrechts, insbesondere des Wettbewerbs- sowie des Regulierungsrechts, beigetragen hat. Er gilt als einer der führenden Vordenker der Ökonomischen Theorie des Rechts. Überraschend ist der zu Ehrende am 17. Januar 2014 verstorben. Das Werk ist daher seinem Andenken gewidmet.Für die Festschrift haben zahlreiche renommierte Autoren aus Deutschland sowie unter anderem der Schweiz, den USA und Asien als Freunde, Weggefährten, Schüler und Kollegen Beiträge verfasst, die sich mit Problemen aus den zentralen Arbeitsgebieten des zu Ehrenden wissenschaftlich auseinandersetzen. Schwerpunkte der Beiträge bilden das Wirtschafts- und Gesellschaftsrecht, Kartellrecht, Recht und Ökonomie der Regulierung sowie Institutionenökonomie. Dabei wird meist ein europäischer oder internationaler Bezug hergestellt und häufig eine wirtschaftswissenschaftliche Sichtweise gewählt.

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Book SynopsisWährend in Europa in den letzten 20 Jahren intensiv um den Einfluss des "More Economic Approach" gerungen wurde, hat sich in den USA mit "Behavioral Antitrust" ein neuer verhaltensökonomischer Wettbewerbsansatz hervorgetan. Dieser geht bei der wettbewerbsrechtlichen Analyse nur noch von beschränkt rationalen, willensstarken und eigeninteressierten Marktakteuren aus. Die verhaltensökonomische Analyse des Wettbewerbsrechts kann als Basis für einen wiederum neuen Wettbewerbsansatz gesehen werden: dem "More Realistic Approach". Dieser Ansatz will die Wettbewerbspolitik soweit wie möglich von den unrealistischen, theoretischen Annahmen befreien und mit empirisch erhärteten Fakten unterfüttern: Die Wettbewerbspolitik soll sich am realen Verhalten und den realen Zielen der Marktakteure orientieren, und damit der wettbewerbsrechtlichen Analyse realistischere Modelle zugrunde legen. Martin Meier geht dabei der grundlegenden Frage nach, wo die Möglichkeiten und Grenzen der verhaltensökonomischen Analyse des Wettbewerbs liegen.

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Book SynopsisIn diesem Band der Gesammelten Schriften werden 15 Beiträge sowie Notizen aus dem Nachlass Walter Euckens ediert, kommentiert und in einer ausführlichen Einleitung systematisch und historisch eingeordnet, die Walter Eucken zwischen 1921 und 1950 verfasst hat. Das Thema, das diese Beiträge verbindet, ist die Wahrnehmung der Gegenwart als Krisenzeit und die Frage danach, worin die Ursachen der Krise zu sehen sind und auf welchem Wege ihre Lösung gefunden werden kann. In allen Texten setzt sich Eucken mit alternativen Krisendeutungen und Lösungsvorschlägen auseinander. Besonders gründlich analysiert und kritisiert er die Deutungen und Vorschläge sozialistischer Denker und der Vertreter der Idee des "totalen Staates". Anhand der Texte wird Euckens Weg zum ordoliberalen Forschungsprogramm deutlich. Bis Anfang der 1930er Jahre ging es ihm allgemein um die geistige Krise der Neuzeit. Die späteren Texte zeigen, dass er die geistige Lage zwar im Auge behielt, sich in der Forschung aber auf die staatlich-gesellschaftlichen Strukturwandlungen konzentrierte, die er für die Krise des Kapitalismus verantwortlich machte, sowie auf die strukturellen Reformen, die er für eine Lösung dieser Krise für erforderlich hielt.

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Book SynopsisAcross several industries, we are observing a paradigm shift from traditional, firm-centric and top-down value creation to more open and collaborative approaches, also referred to as bottom-up economics. The boundaries of firms dissolve and external actors (customers, user, suppliers etc.) enter the domain of value creation by means of advanced information and communication technologies. These new and evolving patterns require a renewed and interdisciplinary understanding of how co-creation enables organizations to reshape business and society. With contributions from industrial and academic experts, this book provides deep insights into the theory and practice of bottom-up economics, and addresses the major opportunities and challenges that have emerged in the era of co-creation. A must read for decision-makers looking to innovate their companies' business models—from ideation to marketing. Dr.-Ing. Michaela Colla, K-GXI Leader – Industry 4.0 at Volkswagen Simply put, co-creation is the future of work. With technology morphing the way we work and young people wanting to tackle problems that matter, co-creation is the sandbox where the world can come together to solve big challenges. Plus, co-creation rapidly delivers products with built-in market fit. Megan Brewster, Vice President of Advanced Manufacturing at Launch Forth Successful leaders will co-create the future. This book is an excellent starting point.Jürgen Bilo, Managing Director co-pace GmbH, The Startup Organisation of Continental AGTable of ContentsCo-creation in the Era of Bottom-up Economics.- Collaborative Value Creation: How to Co-create Value with Users. A Case Study on Local Motors' Contest Community.- Using Open Production Sites for Supporting New Ways of Corporate Innovation.- Distributed Manufacturing: Make Things Where You Need Them.- Co-Creation of Value Proposition - Stakeholders Co-creating Value Propositions of Goods and Services.- Blockchain-enabled Open Business Models: New Means to Shared Value Capturing?.- How to Take Advantage of Online Platforms like the Sharing Economy Does.- The F.A.I.R. Model of Cooperation - How Managers Can Co-create Value Within Innovation Networks.- Open Source Ecosystems: Coordination, Loyalty and Competitive Advantage: What We Can Learn from Open Source.- Understanding Open Source Software Communities.- Harnessing the Synergy Potential of Open Source Hardware Communities.- Open Source Medical Devices for Innovation, Education and Global Health: Case Study of Open Source Magnetic Resonance Imaging.- Legal Challenges of Co-creation: Patent Law in the Era of 3D Printing - The Practitioner's Perspective.- Navigating Patents in an Open Hardware Environment.- Managing Content in a Platform Economy: Copyright-based Approaches to User-Generated-Content.- Overcoming Concerns in Collaborative Transactions.

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Book Synopsis

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Book SynopsisThis book describes and analyzes the formation, operation, and impacts of modern global cartels. It provides a broad picture of the economics, competition law and history of international price fixing. Intensive case studies of collusion in the markets for lysine, citric acid, and vitamins offer a deep, detailed understanding of the phenomenon. The author assesses whether antitrust enforcement by the European Union, the United States, and other countries can deter cartels.Trade ReviewFrom the review of the second edition by Valerie Y. Suslow, University of Michigan, published in: Journal of Economic Literature Vol. 47 (June 2009): 527-529 […] John Connor’s book, Global Price Fixing, an updated and revised second edition, is an in depth look at the organization, mechanisms of operation, behavior, and effects of three famous international cartels in the citric acid, lysine, and vitamins industries. Empirical researchers often focus on "international cartels"—those with members from two or more countries. Connor focuses on "global cartels," which he defines as "conspiracies that bridge two or more continents" (p. 5). […] The scope of the book is wide-ranging, addressing the economics of cartel operation for these three in-depth cases, but at the same time offering an overview of the policy issues as well as commentary on recent developments. Not surprisingly, there is much to bring up to date because "[m]uch has happened in the field of cartels since the first edition was written in 2000" (p. viii). Although the organization of the book is substantially the same, the focus has broadened. […] Global Price Fixing continues to be an invaluable reference for those with a deep interest in the economics of cartels, and a very readable and accessible narrative on the stories behind three famous contemporary international cartels. Given the apparent continued proclivity of firms to conspire to fix prices and allocate markets, these stories will continue to be relevant for researchers and policymakers for years to come. From reviews of the first edition: "Since 1994, more than 20 global cartels have been discovered … . John Connor has written an immense and marvelous book on the subject. He says … that his goal is ‘to describe and analyze the origins, operation and impact of global cartels in the markets for lysine, citric acid, and vitamins’. He succeeds nicely in this goal … . Connors writes in an appealing narrative or journalistic style … . it should become a basic resource for almost everyone interested in industrial organization economics." (Prof. Douglas Greer, Review of Industrial Organization, Vol. 21, 2002)Table of ContentsThe Economics of Price Fixing.- Anticartel Laws and Enforcement.- The Citric Acid Industry.- The Citric Acid Conspiracy.- Economic Impacts of the Citric Acid Cartel.- The World Lysine Industry.- The Lysine Conspiracy.- Economic Effects of the Lysine Cartel.- The Global Vitamins Industries.- The Vitamins Conspiracies.- Effects of the Vitamins Cartels.- U.S. Government Prosecutions.- Antitrust Prosecutions Outside the United States.- The Civil Suits.- The Business of Fighting Cartels.- Global Price Fixing: Summing Up.

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Book SynopsisIn diesem essential erklären die Autoren, unter welchen Umständen es zu Marktversagen kommt und das freie Spiel der Marktkräfte nicht zu einem gesellschaftlich wünschenswerten Ergebnis führt. Sie diskutieren, ob und, wenn ja, welche Staatseingriffe zu einer Erhöhung der Wohlfahrt führen. Anhand von Beispielen aus dem Wohnungsmarkt, dem Gasmarkt, dem Bereich des öffentlichen Personennahverkehrs sowie dem Kraftstoffmarkt zeigen sie auf, wie der Staat in diese Märkte eingreift und wie diese Maßnahmen im Hinblick auf ihre Effizienz- und Verteilungswirkungen zu bewerten sind. Staatliche Eingriffe in den Preismechanismus zeitigen unerwünschte Nebenwirkungen, wenn sie an Symptomen, nicht an den Ursachen politisch unerwünschter Preisentwicklungen ansetzen.

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