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The labor market of the future: Are robots the solution, not the problem?
A new study by WU Vienna shows that automation can be a way out of demographic change.
Wolfgang Obenaus honored with Austrian Cross of Honor
WU Professor Wolfgang Obenaus, a high-profile business communication expert, has been awarded the Austrian Cross of Honor for Science and Art, First Class. On behalf of Federal President Alexander Van der Bellen, Christoph Ramoser of the Federal Ministry of Education, Science and Research (bmbwf) presented Prof. Wolfgang Obenaus with the Austrian Cross of Honor for Science and Art, First Class, during the ASEA-UNINET Plenary Meeting in Linz.
Schumpeter Prize 2022 goes to Michael Peneder and Andreas Resch
On Friday, July 8, 2022, the International Schumpeter Society (ISS) announced at the 19th ISS Conference that the Schumpeter Prize 2022 is presented to Michael Peneder and Andreas Resch. They receive the award for their monograph entitled “Schumpeter’s Venture Money,” Oxford University Press, 2021. It is the first time that this prestigious award goes to Austria.
Nikolaus Franke honored as European Entrepreneurship Educator of the Year
WU researcher Nikolaus Franke has received the European Entrepreneurship Educator of the Year Award.
Wealth distribution: 80 percent of wealth in the hands of the richest 20 percent
Current information on household wealth and income is crude and only comparable on an international level to a limited extent. A WU researcher proposes new approaches to improve the way distributional issues and inequality around the world are presented.
Social enterprises in Austria: Innovative, female, challenged during the pandemic
With the “Austrian Social Enterprise Monitor,” the Social Entrepreneurship Center (SEC) at WU Vienna presents a comprehensive study on the importance, influence, and financing of social enterprises.
The Constitutional Court – an Infallible Authority?
Pandemic control measures, headscarf bans for elementary school students, and the ban on assisted suicide testify to the fact that constitutional courts deal with highly sensitive social conflicts. Laura Pavlidis, a researcher at the WU Institute for Austrian and European Public Law, examines the legitimacy of the constitutional court’s interpretive power.
Storytelling in corporate newsrooms
The more newsroom structures determine corporate communications, the greater the importance of flexibility, flat hierarchies and individual autonomy, agile project teams, and a trial-and-error culture in the communications department. This is the result of a study by Jens Seiffert-Brockmann (Vienna University of Economics and Business) in cooperation with researchers from the University of Vienna. WU has selected the professor of business communication at the Department of Foreign Language Business Communication and head of the Institute for Communication Management and Media as Researcher of the Month.
How city administrations use collaboration to tackle the challenges of the future
Global pandemics, migration, climate change: Complex problems cannot be tackled by individual organizations and collectives all by themselves. Collaboration is imperative. Dennis Jancsary has teamed up with fellow WU researchers Renate E. Meyer and Markus A. Höllerer and Douglas Creed (University of Rhode Island) to investigate how city administrations are trying to motivate different stakeholder groups to work together to make cities more resilient in the face of major challenges. In recognition of his work, WU is naming Dennis Jancsary Researcher of the Month.
Josef Zechner honored with Sharpe Award
The William F. Sharpe Award for Scholarship in Financial Research is presented by the Journal of Financial and Quantitative Analysis (JFQA). The Award recognizes researchers who have most contributed to our understanding of important areas of financial economics.
Nash and Pareto: New findings in game theory
Risks and returns, price equilibria, or systemic risk – if a situation involves multiple criteria or actors, concepts such as the Nash equilibrium and Pareto optimality can help in decision-making. So far, the Nash and Pareto concepts have been regarded as inherently different. Birgit Rudloff, deputy head of the Institute for Statistics and Mathematics at WU (Vienna University of Economics and Business), has now shown, however, that the two concepts coincide under certain conditions. If the Pareto optimization problem for any non-cooperative game is constructed in a specific way, the set of all Pareto optimal solutions coincides with the set of all Nash equilibria. This insight makes it possible to apply Pareto optimality methods and algorithms to Nash equilibria.