The paper purports to stress how the two major contributions of Bacharach: "Variable Frame Theory" (VFT) and "Team Reasoning" (TR) improve Standard Non-Cooperative Game Theory in some relevant aspects which I point out. The aims are to show: (i) how Bacharach respectively justifies coordination...

Purpose The purpose of this paper is twofold. First, it evaluates the impossibility proposition, called the “Arrow impossibility theorem” (AIT), which is widely attributed to Arrow’s social choice theory. This theorem denies the possibility of arriving at any collective majority resolution...

The paper analyse the economic rationality of SMEs (Small and medium size enterprises) trough some pertinent indicators that revels the importance of SME for the employment market and for the entire economy. Despite their adaptability these entities have faced always different problems and the...

The paper claims that the concept of land governance should be enlarged in order to integrate the sustainability conditions of the territorial development process. Thus, the analysis focuses on the conditions that are required for the necessary redefinition of property rights on water considered...

Unemployment exacts a high cost to its victims, not only in lost income, but also in terms of quality of life (insecurity, depression, abandoned families, divorce, suicide and poorer health). It also exacts a high cost to society in terms of lost output, foregone tax revenue, depreciating human...