This research considers a mathematical model for pricing the procrastination option. The concept of procrastination will be discussed from the point of view of Psychology, Economy, Finance and Strategy. The maximum limit of the strategy of procrastination will be investigated, considering the...

Portuguese Abstract: O volume de investimentos governamentais na área de segurança pública, conforme as informações de orçamentos públicos, estão excessivamente elevados, em detrimento de áreas como a saúde pública, cujos valores apresentam-se aquém das necessidades. Faz-se...

English Abstract: The new coronavirus has reinforced problems that states have been facing in recent years with regard to the tax challenges arising from the digitalization of the economy, especially with regard to large technology multinationals that earn extraordinary profits across the globe,...

The objective of this article is to investigate whether, despite of the goal of utility maximization defended by the neo-classic economic theory, the altruism can prevail inside organizations. Initially, one brief discussion of the altruism will be presented, analyzing this concept from some...

Portuguese Abstract: Desde a Constituição Federal (art. 37) até o Código de Processo Civil (art. 8º), há dezenas de diplomas legais que comandam a busca pela eficiência, mas não existe uma definição jurídica do que seja eficiência. Este artigo demonstra como: (i) os conceitos...

Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information asymmetries involved in credit concession and banks' role as monitors the answer is no. Motivated by...

Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information symmetries involved in credit concession and banks’ role as monitors the answer is no. Motivated by...

Ranking infinite utility streams includes many impossibility results, most involving certain Pareto, anonymity, or continuity requirements. We introduce the concept of the future agreement extension, a method that explicitly extends orderings on finite time horizon to an infinite time horizon....