In 2010 the Greek economy entered a deep economic crisis. This was the result of an accumulation of structural problems in the economy, including overspending and loss of competitiveness during the previous decades, translating into persistently large budget and trade deficits. In 2015, under...

Seit 2010 befindet sich die griechische Wirtschaft in einer tiefen Krise. Dazu haben verschiedene Probleme beigetragen, wie etwa die steigenden staatlichen Ausgaben und der Verlust der internationalen Wettbewerbsfähigkeit. Letzteres hat unter anderem zu hohen Haushalts- und Handelsdefiziten...

Numerous, mainly empirical, studies of auditing behaviour have recently looked at the “reputation” of the auditor and the size of fees it attracts. Our model of the auditing market advances the study of the fundamental principles involved in determining behaviour in relation to the rewards...

The paper has as a starting point the work of the philosopher Professor D. Lewis.We provide a detailed presentation and complete analysis of the sender/receiver Lewis signaling game using a game theory extensive form, decision tree formulation. It is shown that there are a number of Bayesian...

The purpose of this note is to discuss the envelope relationship between long run and short run cost functions. It compares the usually presented relationship with one of different form and implications, resulting from a simple production function and constant prices. It points out in particular...

We show that a rational expectations equilibrium need not be incentive compatible, need not be implementable as a perfect Bayesian equilibrium and may not be fully Pareto optimal, unless the utility functions are state independent. A comparison of rational expectations equilibria with core...

In 2010 the Greek economy entered a deep economic crisis. This was the result of an accumulation of structural problems in the economy, including overspending and loss of competitiveness during the previous decades, translating into persistently large budget and trade deficits. In 2015, under...

Seit 2010 befindet sich die griechische Wirtschaft in einer tiefen Krise. Dazu haben verschiedene Probleme beigetragen, wie etwa die steigenden staatlichen Ausgaben und der Verlust der internationalen Wettbewerbsfähigkeit. Letzteres hat unter anderem zu hohen Haushalts- und Handelsdefiziten...