Global financial liberalisation GATT,EC and OECD approaches

In view of increasing worldwide economic integration, effective multinational agreements are urgently needed to improve the functionality, efficiency and stability of international financial operations. This article confronts theoretical characteristics of a desirable global financial concept with the actual liberalisation approaches of different organisations.     

The Fuzzy Front End of New Product Development for Discontinuous Innovations: A Theoretical Model

The fuzzy front end of the new product development (NPD) process, the time and activity prior to an organization's first screen of a new product idea, is the root of success for firms involved with discontinuous new product innovation. Yet understanding the fuzzy front‐end process has been a challenge for academics and organizations alike. While approaches to handling the fuzzy front end have been suggested in the literature, these tend to be relevant largely for incremental new product situations where organizations are aware of and are involved in the NPD process from the project's beginning. For incremental new products, structured problems or opportunities typically are laid out at the organizational level and are directed to individuals for information gathering. In the case of discontinuous innovations, however, we propose that the process works in the opposite direction—that is, that the timing and likelihood of organizational‐level involvement is more likely to be at the discretion of individuals. Such individuals perform a boundary‐spanning function by identifying and by understanding emerging patterns in the environment, with little or no direction from the organization. Often, these same individuals also act as gatekeepers by deciding on the value to the organization of externally derived information, as well as whether such information will be shared. Consequently for discontinuous innovations, information search and related problems/opportunities are unstructured and are at the individual level during the fuzzy front end. As such, the direction of initial decisions about new environmental information tends to be inward, toward the corporate decision‐making level, rather than the other way around. In order to cope with the special and complex nature of decisions made at the fuzzy front end of NPD for discontinuous innovations, this process is detailed as a series of decisions occurring over three proposed interfaces: boundary, gatekeeping, and project. The difference between each interface lies in the nature of the decisions made: At the boundary and gatekeeping interfaces, the primary impetus is individual‐level decision‐making; at the project interface, decisions occur at the organizational level. By articulating these processes in the form of a model, we achieve two objectives: (1) We outline a more detailed and comprehensive approach to understanding the nature of the front‐end decision making process for discontinuous innovations; and (2) we detail specific propositions for future research on each stage of the process.     

Child Labor in Carpet Weaving: Impact of Social Labeling in India and Nepal

Does the labeling of tradable products like carpets which have been produced without child labor increase the welfare of children and their families? This paper presents results of surveys conducted in India and Nepal. The findings suggest a positive link between social labeling and the removal of child laborers for households above the subsistence level. However, for households below the subsistence level, no significant influence has been found.     

Provision of health care services in Austria

It is the aim of this paper to investigate three important variables of the health care system in Austria, that is the number of physicians working in the ambulatory sector, the number of medical services provided by the physicians and the related costs, by applying time series analysis to the quantities under consideration. The work analyzes stationarity, autocorrelation functions, presents unit root tests and calculates the Beveridge Nelson decomposition for an ARIMA(1,1,0)-model. The obtained findings are used to forecast future trends based on past values.The author is indebted to Ulrike Leopold, Klaus Neusser, Thomas Url and Peter Zweifel for many useful conversations and suggestions as well as to Keith Chester for English proofreading. The first version of the analysis presented was done as part of a project that was carried out at the Austrian Federal Institute of Public Health on behalf of the Austrian Government.     

When redistribution makes personalized pricing of externalities useless

We consider a standard optimal taxation framework in which consumers' preferences are separable in consumption and labor and identical over consumption, but are affected by consumption externalities. For every nonlinear, income-dependent pricing of goods there is a linear pricing scheme, combined with an adjusted income tax schedule, that leaves all consumers equally well-off and weakly increases the government's budget. The result depends on whether a linear pricing scheme exists that keeps the aggregate amount of consumption at its initial level observed under nonlinear pricing. We provide sufficient conditions for the assumption to hold. If adjusting the income tax rate is not available, personalized prices for an externality can enhance social welfare if they are redistributive, that is, favor consumers with a larger marginal social value of income.     

Das Management von Datenqualität

Ohne Zusammenfassung     

Diabetes: Alle zehn Sekunden stirbt ein Mensch

über die letzten Jahrzehnte hat sich Diabetes mellitus Typ 2 zu einer wahren Volkskrankheit entwickelt. Verschiedene medizinische, soziale, aber auch ?konomische Gegebenheiten der Erkrankung zwingen mehr denn je, früher therapeutisch einzugreifen und vor allem pr?ventiv einzugreifen.     

Market Vision and Market Visioning Competence: Impact on Early Performance for Radically New,High‐Tech Products*

Having the “right” market vision (MV) in new product scenarios involving high degrees of uncertainty has been shown to help firms achieve a significant competitive advantage, which can ultimately lead to superior financial results. Despite today's increased rate of radical innovation, and hence the importance of effective vision, relatively little research has been undertaken to improve our understanding of this phenomenon. The exploratory and empirical investigation undertaken herewith responds to this research gap by focusing on MV and its precursor, market visioning competence (MVC), for radically new, high‐tech products. MV is a clear and specific mental model/image that organizational members have of a desired and important product‐market for a new advanced technology, and MVC is a set of individual and organizational capabilities that enable the linking of advanced technologies to a future market opportunity. Based on samples of high‐tech firms involved in early technology developments, the measurement study indicates that five factors comprise MV (i.e., clarity, magnetism, specificity, form, and scope) and that four factors underlie MVC (i.e., networking, idea driving, proactive market orientation, and market learning tools). Structural equation modeling is used to demonstrate that MVC significantly and positively impacts MV and that each of these constructs significantly and positively influences certain aspects of early performance (EP) in new product development. This is the first empirical study to develop a comprehensive set of scales to measure these constructs and then to combine them in a model by which to examine their interrelationships.