infonet-economy

In line with the conference theme - "Collegiality" - the authors propose to build a bridge between two Systems Approaches, namely System Dynamics (SD) and Management Cybernetics (MC). This synthesis is aimed at opening a path for a better capability to deal with complex issues of actors in both organizations and society. With their resprctive strengths - modelling and…

Coping with complexity is at the heart of the systems approach. Several methodologies can be discerned which have proved to possess extraordinary power in dealing with complex issues. System dynamics is a general-purpose methodology for modelling and simulation employed in order to deal with dynamic complexity. Cybernetics has brought forth structural models to enable organizations…

In recent years, the World Trade Organization (WTO) has come under sustained attack from many academics and other observers. Many of the arguments employed in this attack are found in Professor Morrissey's paper and the purpose of this comment is to critically examine them. Professor Morrissey's principal argument is that the likelihood of successfully completing…

In this study the effects of various types of rehabilitation programmes on labour market out-comes are estimated. A main feature of this study is that it jointly evaluates multiple treat-ments by nonparametric matching estimators. The study is based on a large sample of per-sons in western Sweden who are long-term sick and could participate in rehabilitation pro-grammes. Our results…

Venture capitalists not only finance but also advise and thereby add value to young entrepreneurial firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. For this reason, managerial support and the number of portfolio companies tend to be inefficiently low. This…

This paper reviews the main identification and estimation strategies for microeconometric policy evaluation. Particular emphasis is laid on evaluating policies consisting of multiple programmes, which is of high relevance in practice. For example, active labour market policies may consist of different training programmes, employment programmes and wage subsidies. Similarly, sickness…