Co-written by an expert lawyer and economist, this book provides a thorough guide to the economic theory behind the regulation of mergers. The economic theory is then used to analyse the current state of European competition law, and test the success of the European Commission's search for a 'more economic approach' to merger regulation.
and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
This comprehensive textbook gives an insight into all relevant aspects of business administration, as they are all subject to fundamental changes due to the transformation to a more sustainable economy. It starts with the background on sustainability and the scientific classification of sustainable business administration. Next, it sheds light on the boundary conditions regarding environmental economics and social responsibility. The next section deals with management functions, from strategy and international management to change management, legal implications and HR management. The last part focuses on value creation. Here, the authors shed light on the influence of sustainability in all areas of the corporate value chain, from procurement on to production and ending with marketing and sales. Also addressed are expert functions such as environmental management or sustainable product design, which are essential in driving sustainable innovation in a dynamically changing environment.
This study deals with the fatigue behaviour of metal-matrix-composites (MMCs) having ceramic contents of 30 to 39 Vol-%. The MMCs where produced by way of infiltrating a ceramic preform by an aluminium alloy. The characterisation of the MMC's cyclic and fatigue behaviour was researched on the basis of isothermal and thermal-mechanical fatigue tests.
This comprehensive overview of the whole field of fatigue and fracture of metallic materials covers both the theoretical background and some of the latest experimental techniques. It provides a summary of the complex interactions between material microstructure and cracks, classifying them with respect to the overall damage process with a focus on microstructurally short cracks and dynamic embrittlement. It furthermore introduces new concepts for the numerical treatment of fatigue microcrack propagation and their implementation in fatigue-life prediction models.This comprehensive overview of the whole field of fatigue and fracture of metallic materials covers both the theoretical background and the latest experimental techniques. It provides a summary of the complex interactions between material microstructure and cracks, classifying them with respect to the overall damage process. It furthermore introduces new concepts for the numerical treatment of fatigue microcrack propagation and their implementation in fatigue-life prediction models.
The leading reference on this topic has just gotten better. Building on the success of the previous two editions, all the chapters have been updated to reflect the latest developments in the field, and new chapters have been added on picolinic acids, oxathiapiprolin, flupyradifurone, and other topics. This third edition presents the most important active ingredients of modern agrochemicals, with one volume each for herbicides, fungicides, and insecticides. The international team of first-class authors from such renowned crop science companies as Bayer, Syngenta, Dow AgroSciences, DuPont (now Corteva Agriscience), and BASF, address all crucial aspects from the general chemistry and the mode of action to industrial-scale synthesis, as well as from the development of products and formulations to their application in the field. A comprehensive and invaluable source of timely information for all of those working in modern biology, including genetics, biochemistry and chemistry, and for those in modern crop protection science, whether governmental authorities, researchers in agrochemical companies, scientists at universities, conservationists, or managers in organizations and companies involved in improvements to agricultural production.
In recent years, the utilization of terpyridines both in macromolecular structure assembly and device chemistry has exploded, enabling, for example, supramolecular polymer architectures with switchable chemical and physical properties as well as novel functional materials for optoelectronic applications such as light-emitting diodes and solar cells. Further applications include the usage of terpyridines and their metal complexes as catalysts for asymmetric organic reactions and, in a biological context, as anti-tumor agents or biolabels. This book covers terpyridine-based materials topics ranging from syntheses, chemistry, and multinuclear metal complexes, right up to functionalized polymers, 3D-architectures, and surfaces. Aimed at materials scientists, (in)organic chemists, polymer chemists, complex chemists, physical chemists, biochemists, and libraries.
This book focuses the multi-faceted and far-reaching dealings between the former German Democratic Republic (GDR) and Third World countries, including their liberation movements and development policies. For almost 40 years, the history and previously intense relationship which was maintained between the GDR and Africa has been disregarded. This situation is arguably incomprehensible as Germany's image in many Third World countries has been defined greatly by the smaller of the two Germanies, especially in South Africa. (Series: Spectrum. Berlin Series on Society, Economy and Policy in Developing Countries / Spektrum. Berliner Reihe zu Gesellschaft, Wirtschaft und Politik in Entwicklungslandern - Vol. 109)
Co-written by an expert lawyer and economist, this book provides a thorough guide to the economic theory behind the regulation of mergers. The economic theory is then used to analyse the current state of European competition law, and test the success of the European Commission's search for a 'more economic approach' to merger regulation.
and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
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