The sole ownership solution is an incentive to conserve collective goods but at the same time it can induce a lost of social utility. In the present work the sole ownership solution is analyzed and a synthesis of the problems of inefficiency associated with the exploitation of collective goods...

The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...

This paper analyses the implications of classical liberal and libertarian approaches for distributive justice in the context of social welfare orderings. An axiom capturing a liberal non-interfering view of society, named the Weak Harm Principle, is studied, whose roots can be traced back to...

Backward induction is a cornerstone of modern game theory. Yet, laboratory experiments consistently show that subjects fail to properly backward induct. Whether these findings generalize to other, real-world settings remains an open question. This paper develops a simple model of sequential...

A comparison of measures of happiness and life evaluation indicates significant differences in correlates. Life evaluation is less dependent on external circumstances than happiness. Temporary changes in health, labour market status and income have a smaller impact on life evaluation than on...

This paper studies the impact of wind generation on system costs and prices in Ireland. The need to mitigate climate change, achieve renewables energy targets, and use renewable sources of energy means that many countries are considering greater levels of wind generation in their power...

The present writers believe that they have found an alternative measure of average price which it is possible to use in econometric applications, is sufficiently accurate for many other purposes as well, and yet is easier to compute. It is described here in the hope that it may prove generally...

People exaggerate the extent to which their information is shared with others. This paper introduces the concept of such information projection and provides a simple but widely applicable model. The key application describes a novel agency conflict in a frictionless learning environment. When...

This paper presents an overview of legal framework of EU governing residence permits, employment pass and access to integration, describing the most frequent migration pathways employed by Bangladeshis in Italy. It discusses their migration trajectories, socio-demographic profile, the importance...

The following paper aims to contribute the existing literature on Russian tobacco use by analysing the determinants of smoking, and comparing the results to previous researches. We are also one of the few, if not the first to test the significance of BMI (Body Mass Index) with smoking habits....