Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref

Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues that neither Hayek's critique of planning nor his defense...

In this paper I use county to county migration data to estimate the effect of labour market conditions on these flows. A gravity model is estimated on Hungarian NUTS 2 regions for the period between 1994 and 2002. Such results are not available for Hungary so far. Estimated parameters show...

Gegenstand der Untersuchung sind Nachteile und Probleme der Privatisierung von Mietwohnungen über den Verkauf der Wohnungen an die Mieter. Die Verfasserin votiert für einen Erhalt des Mietwohnungssektors und eine schrittweise Privatisierung mit einem ständig steigenden Anteil privaten...