The paper is based on a broader study of three authors: Mlcoch, Machonin and Sojka. The underestimation of institutions both formal and informal ones, including business ethics was the key weakness of ex-Prime Minister Václav Klaus Czech way of transition during 1989-99. Then, the rhetoric of...

Despite more than half-century history of the 'human capital' concept a lot of questions about the internal structure of human capital still remain open. The article covers the issue of specifying the list of human capital components. The study has emphasized that depending on the nature and set...

Despite more than half-century history of the 'human capital' concept a lot of questions about the internal structure of human capital still remain open. The article covers the issue of specifying the list of human capital components. The study has emphasized that depending on the nature and set...

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This paper examines equilibrium and stability in symmetric two-player cheap-talk games. In particular, we characterize the set of neutrally stable outcomes in finite cheap-talk 2 x 2 coordination games. This set is finite and functionally independent of risk-dominance relations. As the number of...