We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state. We argue that this event is similar to a mass migration of low-skilled agents holding no capital into a foreign country. Absent a welfare state, we observe an investment boom,...

The starting point of this paper is a widely shared fundamental preference according to which Hungary should follow a fast, sustainable development path and catch up with the developed world in the foreseeable future. Questions raised in this paper are related to the instrumental preferences....

The starting point of this paper is a widely shared fundamental preference according to which Hungary should follow a fast, sustainable development path and catch up with the developed world in the foreseeable future. Questions raised in this paper are related to the instrumental preferences....

In this study, we use two representative surveysto investigate how competition and cooperation relate on the individual level and whether (and how) they associate with educational attainment. Our first result is that the correlation between competition and cooperation is positive and...

In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...

In this study, we use two representative surveysto investigate how competition and cooperation relate on the individual level and whether (and how) they associate with educational attainment. Our first result is that the correlation between competition and cooperation is positive and...

In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...

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

A tanulmány hozzájárulás kíván lenni a Scitovsky által bevezetett, címben jelzett fogalmak tartalmi tisztázásához, értelmezéséhez. Arra vállalkozom, hogy körüljárjam: pontosan mit is kell (vagy inkább célszerû) érteni árelfogadó/ármeghatározó szereplõk alatt,...

In microeconomic analysis functions with diminishing returns to scale (DRS) have frequently been employed. Various properties of increasing quasiconcave aggregator functions with DRS are derived. Furthermore duality in the classical sense as well as of a new type is studied for such aggregator...