Ist die EU-Agrarpolitik ihr Geld wert?

Expenditure for the Common Agricultural Policy (CAP) has been in the centre of recent policy debate in the preparation of the Financial Framework for the period 2014–2020. Expenditure has generally been considered as the necessary costs for the achievement of the CAP objectives. The authors of this article argue that expenditure is not equal to the economic costs of a policy. Moreover, they claim that the main part of CAP expenditure is not well targeted for the achievement of the CAP’s objectives. The bulk of expenditure is for direct payments tied to agricultural land and, hence, contributes little if anything to CAP’s objectives as laid down in the treaties of the European Union or officially articulated elsewhere.     

The Research Field “Modeling Business Information Systems”

The research field “Modeling business information systems” has a long tradition in the scientific discipline of Business and Information Systems Engineering (BISE). The present paper highlights research shaping the research field, discusses challenges impairing the development of the research field in the coming years, and outlines elements of a future research agenda.     

Tourism: The Use of Production Management Techniques

Manufacturing industry has over many decades achieved enormous improvements in productivity and the quality of goods through applying a wide range of techniques. Many of these techniques can find appropraite uses in a service industry like tourism and bring about the same beneficial effects as in manufacturing. Theresultsofa questionnaire survey to establish whether a selection of these techniques are used by hotels, travel agents and tour operators are presented. The findings indicate that the techniques listed are not generally in use, apparently mainly because of lack of knowledge.     

Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics

The Review of Austrian Economics -     

Brown's original fictitious play

What modern game theorists describe as “fictitious play” is not the learning process George W. Brown defined in his 1951 paper. Brown's original version differs in a subtle detail, namely the order of belief updating. In this note we revive Brown's original fictitious play process and demonstrate that this seemingly innocent detail allows for an extremely simple and intuitive proof of convergence in an interesting and large class of games: nondegenerate ordinal potential games.     

The Impact of Socialization on Youth Program Outcomes: A Social Development Model Perspective

This study employs a mixed-methods design and a social development model (SDM) to examine the role of socialization processes within an international immersion program for adolescents. Longitudinal data from 108 participant and 49 comparison group members are analyzed using structural equation modeling procedures. Qualitative data are also used to assess participants’ perceptions of these processes. The quantitative findings indicate that the SDM fits the data well and partially mediates the growth of observed recreation program outcomes. The qualitative findings offer additional insights into the role of within program socialization processes.     

Japan's International Tourism in the Context of its International Economic Relations

Despite the rapid growth of the Japanese economy, Japan still accounts for a relatively small share of international tourism as a recipient. However, Japan's outward tourism has grown to the point where it is the fourth largest tourism generator. This article analyses the role of tourist flows in Japan's external economic relationships and in the structural adjustments in the Japanese economy needed to correct its perceived external imbalance. Together with the massive and increasing outflows of long-term capital from Japan, increasing outward tourism could become an important factor in achieving external balance. Future policies and forecasts are also analysed.