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... guaranteed early entrants a virtual monopoly over the markets in the first few years. Moreover,...Here, East-West differences are reflected in the OECD's...
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Problems of justice, such as high managerial salaries or the introduction of minimum wages, today arouse a lot of public attention and debate. This hints at the general fact that "justice" cannot be reduced to mere efficiency questions as economists very often tend to assume. Therefore, this paper deals with opportunities to include aspects of social justice in economic analyses. The authors describe the historical development from the Aristotelian concept of justice via the medieval idea of pretium iustum towards the classical liberal approach of Adam Smith. The limits of a pure liberal concept of justice even in modern market societies are revealed which in turn indicate the necessity of an integrated approach that applies the instruments of contemporary economics, but also allows for...
... a free exchange really takes place and monopoly positions on the market are not exploited through ... from this area; the justice demanded here includes commutative justice, the guarantee of an ...
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... is inaccurate and will not be used hereafter. German law, following in this respect the exampl...11 4. Unfair exercise of an economic monopoly has been considered in a considerable number of ca...
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...Here I briefly link the Global Factory to the value cha... of the MNC (problems such as 'internal monopoly', lack of trust between different divisions and su...
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German health care policy is characterized by a paradigm shift initiated by the enactment of the Health Care Structure Act in 1992. This fundamental change is both affecting in its care structures and its financial and regulatory mechanisms. This transformation is an expression of a paradigm change in health policy initiated during the first half of the 1990s. This paradigm change in health policy increasingly favours the goal of adapting the health care system to the perceived requirements of a globalised economy at the expense of the aim of covering the social life-risk of 'sickness'. Since it began, health policy has proceeded down that chosen development path, generally by means of incremental reforms. In terms of care structures the paradigm change involves modernization and ration...
... being given a state-sanctioned monopoly on concluding medical care contracts with the heal...Of outstanding importance here are the funds' own interests created by the compet...
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...But at no time have the courts had a monopoly in the interpretation of the law. The influence of... the broader sense in which the term is used here) is any legal rule that has been enacted and promu...
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This contribution is an attempt to demonstrate that the concept of "value generalization" is of considerable importance for moral philosophy and therefore hopefully also for those interested in business and economic ethics. The importance of this concept lies in its relevance for what one could call "the logic of a communication about values." This logic is different from the structure of rational-argumentative discourse in a strict sense, but also far from a mere clash of values or identities or civilizations or any form of irrationalist decisionism as if ultimate values could only be chosen in an existential way without any reasoning and intersubjective plausibility.
...The basic idea here is that all rational discourse has its point of de..., claimed some sort of an 'absolutistic' monopoly of moral legitimacy" (Parsons 1971: 308). Parsons ...
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We look at the wealth generated for shareholders of energy assets in Central and Eastern Europe (CEE) by the announcement of cross-border mergers or acquisitions involving a bidder from a Western industrialized country between 1995 and 2005. The impact on both the performance improvements at the firm level as well as on an industry and economic level of foreign ownership of the energy assets in CEE are discussed. The main driver behind the positive effect is the industrial relatedness in acquiring CEE energy assets, while bidder experience and the relative size of the acquired stake do not impact the results significantly.
..., energy supply was seen as a natural monopoly requiring comprehensive regulation. From the begin... returns of targets and bidders (not reported here). The overall capital market reaction of the annou...
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Information is a critical resource in innovation processes. External information can be helpful in innovation processes to complete them successfully. SMEs in particular are therefore advised to draw on consulting in innovation processes, as they cannot ensure the necessary information flow internally due to the lesser resources they have compared to larger companies. To promote economically relevant information of SMEs, the public sector provides specific advisory services. These services, however, are rarely utilized compared to direct customer and supplier contacts. From strategic management's point of view, the involvement of intermediaries in the innovation process is accompanied by the risk of losing specific knowledge to the business environment. Based on an empirical comparative...
... knowledge can be perceived in different ways here. Business-related innovation research emphasizes i... legally protected or legally established monopoly position, or a group of firms can act together as ...
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... that they by no means enjoy a consulting monopoly on direct channels of influence and those think ta.... (17) Here I adapt concepts developed by John Kingdon (1995) ...