Dr. Christian Reiner, Senior Researcher at LBS, was invited to join a research group on “Oligopoly, Stagnation and Power” at the Vienna University of Economics and Business. The research group consists of approx. ten economic researchers from different institutional backgrounds aiming to explore possible futures of capitalism while taking into account the rising concentration in a large number of markets, the resulting higher power of firms, slow economic growth and the possible relationships between these phenomena. Internet companies such as Google or Facebook were especially but not exclusively able to dominate global industries. These developments are not just a problem for other, less powerful firms and customers, but also for society and democracy. Economic history demonstrates that sooner or later countervailing powers may emerge and challenge the influence of large and politically influential corporations.

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Credits: US Census Bureau, The Economist

Four meetings in this summer term will be devoted to the discussion of scientific papers written by the members of the research group.  Dr. Reiner will present a paper on the determinants and trends of rising corporate power within the last two decades. The paper is co-authored with Christian Bellak, professor at the Vienna University of Economics and Business Administration, Institute for Economic Policy and Industrial Economics. One of the interesting questions from a public policy point of view is how society can enjoy gains from the existence of large firms (such as economies scale or research and development) without the risk of being exploited by the very same multinational companies.



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LATEST NEWS

Congratulations to the Class of 2019

On June 28 we were pleased to welcome numerous families and friends to the Lauder Business School campus for a graduation celebration. In his welcome address our Executive Director Alexander Zirkler congratulated the graduates and introduced our Guest of Honor, the US Ambassador to Austria – his Excellency Trevor D. Traina.

Fireplace Talk with the CEO of Austrian Airlines

On June 19 we were delighted to host the CEO of Austrian Airlines, Dr. Alexis von Hoensbroech, in the Lauder Business School ball room. He delivered an inspiring fireplace talk about his career path, the aviation industry in general, and the Austrian Airlines company structure and strategy.

Cooperation Agreement with the City of Vienna

Lauder Business School signed a cooperation agreement with the City of Vienna together with 22 other Universities and Universities of Applied Sciences located in Vienna. On May 14, 2019, Mayor Michael Ludwig signed a cooperation agreement with the Viennese higher education institutions in the City Hall, together with rectors, directors and board members of 23 universities, colleges and universities of applied sciences.

Researching Innovation in Austria

Christian Reiner, senior researcher at LBS, has co-authored the “Austrian Research and Technology Report 2019”. This annual report has been published by three Austrian ministries and written by external experts from applied research institutes and universities. Given the importance of the report for the wider public, it is an honour to contribute to this official publication.

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