Entrepreneurship has been characterised as one of the most intriguing but equally elusive concepts in economics. This critical review first surveys its major intellectual roots and then proposes a modular concept of entrepreneurship that preserves its essentially distinctive behavioural,...

This article confronts selected theoretical concepts of financial crisis, financial stability and financial regulation with the real situation at the world economic scene. The author´s views are mainly based on the results of a research group at the Institute of Administration and Finance in...

Wine production in Europe today is dominated by small family vineyards and cooperative wineries, while in the New World viticulture and viniculture is highly concentrated and vertically integrated. This paper argues that these fundamental organizational differences appeared from the turmoil in...

How do financial markets price new information? This paper analyzes price setting at the intersection of private and public information, by testing whether and how the reaction of financial markets to public signals depends on the relative importance of private information in agents’...

How do financial markets price new information? This paper analyzes price setting at the intersection of private and public information, by testing whether and how the reaction of financial markets to public signals depends on the relative importance of private information in agents’...

Mullainathan, Schwartzstein, & Shleifer [Quarterly Journal of Economics, May 2008] put forward a model of coarse thinking. The essential idea behind coarse thinking is that agents put situations into categories and then apply the same model of inference to all situations in a given category. We...

This article confronts selected theoretical concepts of financial crisis, financial stability and financial regulation with the real situation at the world economic scene. The author´s views are mainly based on the results of a research group at the Institute of Administration and Finance in...

A critical factor in search, rescue or criminal investigation is time – specifically, the time needed to complete a big number of tasks that occur in any emergency. A critical asset in assisting disaster relief teams and public safety personnel in their mission to save lives and defend...