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What Do We Know about Success and Failure of Mergers?
Collecting the most important results of about 80 empirical merger studies, this study condenses the bewildering spectrum of results to 18 stylized facts. Most important, no more than a quarter ofExpand
Geography lost and found in economics
The contribution will consist of two parts. The first part will demonstrate the contrast between the great and increasing importance of geographic factors for economic development and the small andExpand
Over-Optimism Among Experts in Assessment and Foresight
It is still disputed whether foresight exercises should be based on top-expert assessments or on a broader base of less specialised experts, and whether the self-rating of experts is an acceptableExpand
Small firms and the merger mania
Empirical research has found an average or even superior performance of small firms. This seems to be at variance with the secular concentration process and the recurrent merger waves. This paperExpand
Credit rating agencies: Part of the solution or part of the problem?
As speculative attacks against Member States persist, the European Union (EU) is desperately attempting to allay fears concerning the disintegration of Economic and Monetary Union (EMU). Much of theExpand
The decision Delphi as a tool of technology policy - the Austrian experience
  • G. Tichy
  • Computer Science, Economics
  • Int. J. Technol. Manag.
  • 2001
Foresight studies have come to be an important instrument of technology policy. Expand
Cycles and growth: an introduction
The interrelation between cycles and growth is still not fully understood by economic theory and even less so by economic policy. Growth theory tends to consider cycles as a bothersome, potentiallyExpand