One of the applications of the prospect theory is the behavioral phenomenon of the negative elasticity of the individual labor supply. This paper argues that...
Author - Simona
A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An extension of application of the hypothesis to...
Presently, we cannot find the scientific analysis that clearly explains the deepest roots of global economical and moral crisis. Because of that many famous...
After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started the transformation to the market-based economy and the integration...
The high cost of energy in Jamaica, one of the highest in the Caribbean region, is usually cited as a hindrance to industrial development and efficiency...
This study concentrated on local private companies’ evaluation to solve crises. It explains the factors that have an effect on these companies success by...
There is now considerable disquiet about the appropriate monetary strategy that central banks should follow in the aftermath of the global financial crisis...
This paper studies dynamic interdependence among physical capital, resource and human capital. We integrate the Solow one-sector growth, Uzawa-Lucas two-sector...
The aim of this article is to provide some general information about entrepreneurship and some insights on the early theories about it. A brief overview of the...
The International Monetary System (I.M.S.) has a crucial role in economy, representing the frame for a sustainable development of the economic relationships...
