Virtual Enterprise Networks in Europe - Economic Opportunities and Legal Challenges

23 Pages Posted: 25 May 2004

See all articles by Juergen Noll

Juergen Noll

University of Vienna - Department for Business Studies

Date Written: May 21, 2004

Abstract

Virtual enterprises (VEs) are a result of e-business which emerged as a reaction to fast evolving market trends. We discuss organizational as well as legal implications. These are of importance for a proper functioning of this new form of business partnership.

This paper will show the needs for virtual enterprising and obstacles to the future development of which the issue of trust is one of the most important. Especially consumers' trust could be enhanced by a clear regulation of VE's liability which has so far not been covered in the literature. We will therefore present several models on possible liability rules and a concept which meets the requirements of providing adequate economic incentives for the participating companies and being easy to handle by consumers as a policy recommendation for future harmonization of Member States' National Law.

Keywords: virtual enterprise, agile business, network production, European Law, policy implication, legal personality, liabilits rules

JEL Classification: L00, M00, K20

Suggested Citation

Noll, Juergen, Virtual Enterprise Networks in Europe - Economic Opportunities and Legal Challenges (May 21, 2004). Available at SSRN: https://ssrn.com/abstract=549001 or http://dx.doi.org/10.2139/ssrn.549001

Juergen Noll (Contact Author)

University of Vienna - Department for Business Studies ( email )

Bruenner Strasse 72
Vienna, A1210
Austria
+43 1 42 77 38 105 (Phone)
+43 1 42 77 38 104 (Fax)

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