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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

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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

How Firms Innovate

Christian Reiner, senior researcher at LBS, published a book chapter on firm innovation together with Katerina Vrtikapa. The paper is a chapter in the book “Umkämpfte Technologien. Arbeit im digitalen Wanel”, edited by the „Beirat für gesellschafts-, wirtschafts- und umweltpolitische Alternativen“ (BEIGEWUM).

Insticore & FH Technikum Announce Partnership for Blockchain Education

On October 23, FH Technikum and Insticore announced integration between the two academic environments to streamline a complete blockchain education program in Vienna. The experience and status of FH Technikum as a top-provider of technical education in Austria, and the business and economic background of Insticore, incubated by the Lauder Business School, allows the two to carry out a complete blockchain program for those interested in becoming experts in this new technology.

Companies Going Global

Dr. Christian Reiner, Senior Researcher at LBS, gave a presentation on the internationalization of firms at a seminar for Austrian teachers at secondary schools on 12.October 2018. The seminar was organized by the Institut für Österreichkunde and the Österreichische Geographische Gesellschaft.
Firms with international activities, i.e. exports and/or foreign direct investment, are quite distinct from firms with no international orientation. In addition, exports are heavily concentrated; a small share of exporters account for a large share of exports.

Celebrating 15 years of LBS with Ambassador Lauder

On October 9, 2018 we were honored to welcome our Founder and President Ambassador Ronald S. Lauder and celebrate the 15th Anniversary of Lauder Business School! In the presence of our Founder and President Ambassador Ronald. S. Lauder, our Vice President Prof. Jacob I. Biderman, the Executive VP and CEO of The Ronald S. Lauder Foundation Rabbi Joshua Spinner, the LBS Executive Director Alexander Zirkler, as well as many distinguished guests, faculty members and students, we were delighted to celebrate 15 years of Lauder Business School!