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We present a model in which a principal delegates the choice of project to an agent with different preferences. The principal determines the set of projects from which the agent may choose. The principal can verify the characteristics of the project chosen by the agent, but does not know which...
Persistent link: https://www.econbiz.de/10005835706
The objective of our research is identifying elements of organizational culture in Romania, in 2008, year which meant for Romania the end of economic growth cycle which had begun in 2000. In order to underline these aspects related to cultural values, employee - employer labour relation we have...
Persistent link: https://www.econbiz.de/10011258303
find that institutional factors, creating awareness and introducing rules, significantly increase household’s willingness …
Persistent link: https://www.econbiz.de/10011260998
The chapter argues for rules to coordinate monetary and fiscal policies. But the rules are rule like only in imposing … align private sector actions with desired outcomes. Many countries have used rules, but credible rules have to be suited to …
Persistent link: https://www.econbiz.de/10008855252
„an endeavour to establish a consistency of terms, as well as a probing into how far principles, notions, and rules for … generality as well as the ability to apply rules – such that they are consistently applied in similar situations, are capable of …
Persistent link: https://www.econbiz.de/10009223337
The usability of financial software has always been a main problem for software producers and it was always been related to the users’ degree of acceptability. In this article we started from the main premise that knowledge of making financial decisions is local, depends on context and we try...
Persistent link: https://www.econbiz.de/10008756313
In this paper we propose to address the issue of monetary economic models that can be used as teaching materials for courses in higher mathematics degree. Specifically, this work is based on a paper by Robert Barro and David Gordon (1983) which models the behavior of a closed economy, with a...
Persistent link: https://www.econbiz.de/10011110732
: in the first part the concept of dynamic inconsistency is explained; the next sections analyse the the rules versus …
Persistent link: https://www.econbiz.de/10011113645
This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can deal just with a reduced number of variables, neglecting part of the overall complexity. This is usually taken as just a limitation: agents cannot deal with all relevant...
Persistent link: https://www.econbiz.de/10005616822
recent Basel Committee's initiatives aimed at addressing capital and liquidity standards, the present paper highlights … standards (Liquidity Coverage Ratio and the Net Stable Funding Ratio), contribution is also made to the current discussion on …
Persistent link: https://www.econbiz.de/10009203633