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The Finnish system of innovation - lessons for Switzerland?

Innovation has become a key element of the economic growth of highly developed countries. Moreover, it is an undisputed fact that Switzerland needs to strengthen its efforts at innovation. This has become clear, among
other things in the message of the Federal Council, the Swiss government, which emphasises the promotion of education, research and technology for the years 2004...

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English / 01/01/2004

Building external corporate venturing capability

How firms build new capabilities to adapt to changing environments is at the core of strategic management. However, research has addressed this question only recently. In this paper, I propose a model that describes how firms develop a capability to create and develop ventures through corporate venture capital, alliances, and acquisitions. The model is based on two longitudinal case...

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English / 01/01/2004

Strategic transfer pricing with risk averse agents

In this paper we analyze strategic transfer pricing with risk- and effort-averse divisional managers. In contrast to earlier literature, we find that the existence of a standard agency problem allows transfer pricing to serve as a commitment device even if the transfer prices are not mutually observable. The reason is that transfer prices are set above marginal cost to solve the...

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English / 01/01/2004

Strategic transfer pricing with risk averse agents

In this paper we analyze strategic transfer pricing with risk- and effort-averse divisional managers. In contrast to earlier literature, we find that the existence of a standard agency problem allows transfer pricing to serve as a commitment device even if the transfer prices are not mutually observable. The reason is that transfer prices are set above marginal cost to solve the...

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English / 01/01/2004

Third party punishment and social norms

"We examine the characteristics and the relative strength of third party sanctions inna series of experiments. We hypothesize that egalitarian distribution norms and cooperationnnorms apply in our experiments, and that third parties, whose economic payoff is unaffectednby the norm violation, may be willing to enforce these norms although the enforcement isncostly for them....

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English / 01/01/2004

Web-based knowledge management in product concept development: the DELI approach

In this paper, we describe DELI ("Development Interactive"), a method and software system that supports the product concept development phase by multi-functional product development teams using Marketing Engineering methods. After motivating our research, we present core concepts underlying DELI: a data model encompassing customer and product attributes and preferences as...

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English / 01/01/2004

The Distribution of Money and Prices in an Equilibrium with Lotteries

We construct a tractable model of divisible money and equilibrium heterogeneity in money balances and prices. We do so by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple units of indivisible 'tokens'. By studying a simple trading pattern, we can generate monetary distributions that match those observed in...

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English / 01/01/2004

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