Michael Dietrich

What has been the impact of deregulation and a rapidly changing socio-economic environment on the professions? The cross-disciplinary contributions to this volume examine the changing role of the professions.

This new edition builds a comprehensive picture of the microeconomic tools required to solve a wide range of problems by using an innovative combination of written, illustrative and mathematical analysis. It helps the reader to think like an economist - in particular demonstrating how individuals, firms and policy-makers decide their best course of action.

This book brings together some of the world's leading experts to present an interdisciplinary, critical perspective on current issues surrounding the economics of the firms. It eschews standard approaches to the economics of the firm (including analysis of transaction costs) in favour of a more interdisciplinary outlook, with evolutionary economics taken into account. Central to this is the concept of trust and the belief that any approach to the firm must recognize cultural and political factors. The chapters emphasize the themes of change and evolution and explore issues arising from the history and organization of firms. An important book, with contributions from Bart Nooteboom, Stavros Ioannides and Werner Holzl, this is an invaluable resource for postgraduate students of economics.

This book brings together some of the world's leading experts to present an interdisciplinary, critical perspective on current issues surrounding the economics of the firms. It eschews standard approaches to the economics of the firm (including analysis of transaction costs) in favour of a more interdisciplinary outlook, with evolutionary economics taken into account. Central to this is the concept of trust and the belief that any approach to the firm must recognize cultural and political factors. The chapters emphasize the themes of change and evolution and explore issues arising from the history and organization of firms. An important book, with contributions from Bart Nooteboom, Stavros Ioannides and Werner Holzl, this is an invaluable resource for postgraduate students of economics.

Netzwerkeffekte beschreiben den positiven Zusammenhang zwischen dem Wert und der zunehmenden Zahl von Konsumenten einer bestimmten Ware oder Dienstleistung. Sie treten in erster Linie dort auf, wo digitalisierte Informationen produziert, transportiert und gehandelt werden (z. B. in der Informations- und Softwareindustrie). Markte mit starken Netzwerkeffekten besitzen in der Regel die Struktur eines asymmetrischen Oligopols. Der Wettbewerb zwischen inkompatiblen Systemen findet nicht auf dem Markt, sondern um den Markt statt. In der behoerdlichen Praxis - einschliesslich der gegen Microsoft gefuhrten Missbrauchsverfahren - ist es bisher nicht gelungen, den Besonderheiten von Netzwerkmarkten gerecht zu werden. Die traditionellen, auf parallelem Preiswettbewerb neoklassischer Pragung beruhenden Konzepte zur Marktabgrenzung und zur Bestimmung von Marktmacht fuhren auf Markten mit konkurrierenden Systemen und (starken) Netzwerkeffekten nicht zu sachgerechten Ergebnissen. Im Bereich der Missbrauchsaufsicht - so das Ergebnis dieser Untersuchung - besteht daher eine erhebliche Gefahr fehlgeleiteter Eingriffe in den Wettbewerb durch Behoerden und Gerichte.

What has been the impact of deregulation and a rapidly changing socio-economic environment on the professions? The cross-disciplinary contributions to this volume examine the changing role of the professions.

In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich offers a critical exploration of transaction costs. He argues that whilst they have much to offer, they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.

In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich offers a critical exploration of transaction costs. He argues that whilst they have much to offer, they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.