The economic theory of the last decades deals with how certain models of institutions and incentives could improve the coordination of individual actions in society. Setting rules regulating relationships between economic agents is considered as the key requirement of such coordination....

The development is the common objective of public administration subjects and business sphere. In the case of public administration it usually concerns on development in wider context, on development in entrusted section, on development of territory and life conditions of its inhabitants. In the...

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...