Drug testing in the United States is currently biased toward the minimization of "Type I" error, that is, toward minimizing the chance of approving drugs that are unsafe or ineffective. This regulatory focus of the Food and Drug Administration (FDA) ignores the potential for committing the...

No abstract.

This essay is intended to begin the elaboration of a theme: the interaction between the observed sizes of firms and their internal decision making procedures. This theme is a major one in the symphony of entrepreneurial activity. The entrepreneur, as the maker and changer of economic and...

Das im Jahre 1951 von KENNETH J. ARROW entwickelte Theorem besagt, daß es unmöglich ist, aus offengelegten individuellen Präferenzen über soziale Zustände eine soziale Wohlfahrtsfunktion abzuleiten, wenn man bestimmte Bedingungen für kollektive Rationalität zugrunde legt. Im folgenden...