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...

We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent rejects not only that action but also neighboring actions. We find that, keepng memory of his errors, under mild assumptions an acceptable solution is asymptotically reached....

The dramatically growing disproportion between the value of corporate assets and market valuation has resulted in a well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve this issue. We propose a model which is consistent with...

This article deals with data evaluation of a part of survey in the Czech firms (N = 252). The main aims were flexibility of employment and forms of flexibility, employment of foreigners and ability of Czech employee's to compete at the European employment market. The next aim was organizational...

Czech Abstract: Cílem příspěvku je představení vybraného modelu, který vysvětluje mzdové rozdíly mezi muži a ženami. Model (Oaxaca-Blinderův rozklad) bude využit v dalším zkoumání tzv. genderové mzdové mezery (GPG) v České republice. V tomto slova smyslu je předkládaný...

Czech Abstract: Studie zkoumá výši genderové mzdové mezery (GPG) ve vybraném podniku s cílem zjistit, zda jsou ženy v daném podniku mzdově diskriminovány. K identifikaci nevysvětlené části genderové mzdové mezery jsou užity dvě metody: Oaxaca-Blinderův rozklad a metodu...

This paper analyzes the tax penalty on volatile personal income under progressive tax rates. The phenomenon may have an effect on long-term entrepreneurial decisions as well as risky occupational choice. An options-based model is used to estimate the expected effective rate due from tax-payers...