The paper presents empirical results on the discounting of delayed payoffs which show that: (1) the best approximation of the discounting process is a hyperbolic function, (2) (both animals and humans) can reverse their preferences in time. The article presents theoretical conditions on the...

Celem niniejszego artykulu jest przedstawienie argumentow mogacych sklonic inwestorow do zwiekszenia zainteresowania inwestowaniem w sposob odpowiedzialny. Poprzez analize zdolnosci do generowania wartosci dla akcjonariuszy oraz jej stabilnosci w warunkach ograniczonego dostepu do finansowania...

We examine the estimation problem for shape-restricted functions that are continuous, non-negative, monotone non-decreasing, and strictly concave. A sieve estimator based on bivariate Bernstein polynomials is proposed. This estimator is drawn from a sieve, a set of shape-restricted Bernstein...

A lot of regional studies cover classification of territorial units due to considering research problem. This approach examines territorial diversification of a phenomena, as well as spatial interactions. The occurrence of spatial dependence can reveal the processes of creating or extanding...

A lot of regional studies cover classification of territorial units due to considering research problem. This approach examines territorial diversification of a phenomena, as well as spatial interactions. The occurrence of spatial dependence can reveal the processes of creating or extanding...

I estimate a single factor model of Swiss exchange rates during World War I for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of their currencies into gold with the promise that after the...

English Abstract: The development of the Polish corporate bonds market resulted from changes on the supply side. When the Lehman Brothers went bankrupt, Polish entrepreneurs realized that financing their companies' operations only with the use of credit, even if contracted from different...

Methods of identification of external effects of functioning of industrial clusters. The aim of the paper is to present methods used to identify the external effects of the industrial clusters. One of them is to evaluate a regional growth regression with a cluster index as one of the explanatory...