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Persistent link: https://www.econbiz.de/10012439897
The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, that it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false, because of creating...
Persistent link: https://www.econbiz.de/10005036644
The authors' approach to the ethical and political aspects of inter-temporal interactions is the following: 1) Two representative agents Ra and Râ are analyzed and asymmetries in their wealth and voting powers are dealt with by a the text-book tool of a welfare function - its intra and...
Persistent link: https://www.econbiz.de/10005036675
V článku navrhujeme tři metody přepočtu hlasů na mandáty pro volby do Poslanecké sněmovny Parlamentu ČR (PS PČR) založené na metodách matematického programování. Důvod pro jejich zavedení spatřujeme v tom, že běžně používané metody přepočtu hlasů na mandáty často...
Persistent link: https://www.econbiz.de/10010322334
theoretical section, historical evolution of agency theory and rent-seeking is explained. It is explained how both the agency … theory and rent-seeking understand the problem of corruption and the problems of suggested public policies deduced from both … theories. Precisely, it is argued that while the agency theory lacks the concrete explanation of the institutional environment …
Persistent link: https://www.econbiz.de/10014149114
The economic theory of the last decades deals with how certain models of institutions and incentives could improve the …
Persistent link: https://www.econbiz.de/10009397077
Persistent link: https://www.econbiz.de/10009309602
This paper analyses problems within the asymmetric information models (principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. This paper concentrates on two basic models- adverse selection model and...
Persistent link: https://www.econbiz.de/10005698674
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...
Persistent link: https://www.econbiz.de/10004968337
The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in …
Persistent link: https://www.econbiz.de/10008752946