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The concept of unforeseen events is considered as a part of a hypothesis of uncertain future. The applications of the consequences of the hypothesis in utility and prospect theories are reviewed. Partially unforeseen events and their role in forecasting are analyzed. Preliminary preparations are...
Persistent link: https://www.econbiz.de/10011110243
market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843
This paper combines unique survey and experimental data to examine the determinants of self-selection into a vocational training program. Women residing in selected disadvantaged areas in New Delhi, India were invited to apply for a 6-month long free training program in stitching and tailoring....
Persistent link: https://www.econbiz.de/10009223355
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
This work examines the theory of profit in mainstream microeconomics from Islamic perspective. It does not deal with various profit theories in their historical order. Instead, it adopts an issue-wise approach and discusses questions such as what is profit, what are its sources of emergence,what...
Persistent link: https://www.econbiz.de/10005626855
environments has resulted in the adoption of more flexible forms of regulation such as risk based regulation and responsive … in identifying and assessing risk, solutions aimed at countering problems of risk regulation, along with the problems … arising from different perceptions of risk will be addressed only briefly. …
Persistent link: https://www.econbiz.de/10005025695
This paper will consider whether the scope of financial regulation should be extended and if so, ways in which this could occur. In order to carry out these tasks, it will not only address problems identified from the recent crises and Basel 2, gaps which exist in some of the responses to these...
Persistent link: https://www.econbiz.de/10005025706
A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of...
Persistent link: https://www.econbiz.de/10005836335
investigates developments which have instigated the Basel Committee in developing advanced risk management techniques such as the … regulation which involves the risk management of internal risk within firms. This paper attempts to illustrate the extent to … research evidence, that given the difficulties attributed to the constantly evolving nature of risk and the need for regulators …
Persistent link: https://www.econbiz.de/10005037741
imposes detailed rules with which regulators supervise to one which consists of risk based regulatory strategies. ‘Enforced … between the command-and-control style of supervision and meta risk regulation in that firms are still required to regulate but … according to their own models. It differs from the traditional command-and-control style of bank supervision in that firms and …
Persistent link: https://www.econbiz.de/10005620115