The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective function into the firm's profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite of a...

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective function into the firm’s profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite...

Professional robots should be endorsed with great autonomy capabilities when designed for release into the market. The need for autonomy is further reinforced when robots are meant to be used for crisis management situations, where close collaboration with humans and trustworthy operation in...

Systems thinking are a gateway to actualize all ideologies in Six Sigma within the IE/EM profession and research fields. Furthermore, systems thinking is an alternative that can generate a better research and/or project management platform. It can aid in planning, implementing, and optimizing...

Out of the attempts made at modernising the Hungarian society and economy in the era ofsocialism it was only the agricultural transition and development that has brought a long, internationally recognised success. The Hungarian agricultural model has become a point of reference for numerous...