When building a dynamic model we express an impact of past on future state variables. We usually know if the change should be positive or negative and have an idea about a magnitude of the change. But if we express the change with either a difference or a derivative often depends on such...

Jaké motivy vedou vlády k poskytování pobídek zahraničním investorům? Které aspekty nejvíce ovlivňují nabízený objem úlev? Nakolik je mezinárodní „pobídková soutěž“ intenzivní? Jako nástroj zkoumání těchto otázek představíme dva mikroekonomické modely nabídky...

This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial auctions on the case of providing financial support (capital investment subsidies) to polluters. Combinatorial auctions are those auctions in which bidders can place bids on...

Theory of redistribution systems is an application and at the same time extension of Game Theory. It deals with functioning of institutions, establishments, firms and others social systems, in that pay-offs are redistributed in contrast to achievement of individual players. The redistribution is...

The paper contains a descriptive analysis of selected interdisciplinary research methods developed for the study of complex socio-ecological systems (climate change problems in particular). Institutional analysis and participatory methods of social consensus are in the centre of the focus.

This article is dealed about the requirements on new architecture of financial markets, namely for banking and insurance market. The principles of Basel II and Solvency II are discussed. The second part of article concerned with quality changes in comercial insurable risk and financial decesion...

The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations as the period of the current fi nancial and economic crisis and the transformation period of post-communist economies. Mainly present crisis opens the...

Our rapidly changing world has been challenging insurers to keep the pace. Given the qualitative changes in risk trends, the insurance industry has encountered a problem of insurability limits and shifting boundaries of the private insurance sector. The possibilities of covering enormous...

One of the key assumptions of neoclassical economics is the existence of the rational individual, who always tries to maximize his or her utility. The paper shows possibilities of experimental evaluation of this hypothesis with respect to the various groups of people who undertake the...

We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...