The principle that financial accounts should provide a correct and honest impression of the financial state of a company.
An exploration of trust in economic contexts, particularly in situations of asymmetric information and repeated games.
An individual or company legally responsible for administering property on behalf of a beneficiary.
An in-depth look into turnkey projects, their structure, benefits, and place in economic theory and practice.
A comprehensive entry explaining the concept, implications, and comparative analysis of turnover tax in economics.
A characterization of the optimal, or welfare-maximizing, growth path for the economy in growth theory.
Definition and Meaning of the Two-Gap Model in Economics
An economic pricing strategy where customers pay a higher price up to a set quantity, and a lower price thereafter.
A model in which physical and human capitals are produced in different sectors, leading to endogenous steady-state growth.
An econometric method addressing endogeneity in linear regression models by using instrumental variables.
A system of board governance featuring separate supervisory and management boards, predominantly seen in German corporate settings.
