Due to the plethora of international elements of a contract to arbitrate, i.e. nationalities of the parties, nature of the transaction and the legal background of the arbitrator, questions of law applicable to the substance of the dispute are always at stake. In the course of arbitral...

In the field of organizational behavior the dominant part of the authors deals with conflicts. But problems may also occur in case of compliance, which may cause the group does not decide effectively, often unanimously, and incorrectly. The aim of this paper is to summarize the theoretical...

Judgment aggregation theory, or rather, as we conceive of it here, logical aggregation theory generalizes social choice theory by having the aggregation rule bear on judgments of all kinds instead of merely preference judgments. It derives from Kornhauser and Sager’s doctrinal paradox and List...

A new alternative diffusion model for asset price movements is presented. In contrast to the popular approach of Brownian motion it proposes deterministic diffusion for the modelling of stock price movements. These diffusion processes are a new area of physical research and can be created by the...

The aim of this paper is to explain the relevance of the theory of indirect communication strategy and negotiating conflict. Based on Thomas Schelling illustrates indirect communication cases: bribery and threats. It shows that both bribery and threats are rational preference mechanisms, whose...

This paper provides a general overview of theories and tools to model individual and collective decision-making. In particular, stress is laid on the interaction of several decision-makers. A substantial part of this paper is devoted to utility maximization and its application to collective...

We reconstruct Cohen, March and Olsen's Garbage Can model of organizational choice as an agent-based model. In the original model, the members of an organization can postpone decision-making. We add another means for avoiding making decisions, that of buck-passing difficult problems to...

Who controls the income earned by Self Help Group (SHG) members from group activities – they, or their husbands? The answer indicates the level of economic empowerment attained by SHG members. This paper examines whether identity of person controlling this income depends upon the political...

Since the end of the 1990s, local governments in Japan have enacted Information Disclosure Ordinances, which require the disclosure of official government information. This paper uses Japanese prefecture-level data for the period 1998–2004 to examine how this enactment affected economic...

The value of an artwork depends not only on the artist, even more so on the system which is adding and increasing its value. This system contains a number of institutions which are supporting the artist and his works to become established in the market, get internationally renowned and as a...