A versenyzői egyensúly létezése, egyértelműsége és hatékonysága mellett az általános egyensúlyelmélet egyik központi témája a stabilitás. A tanulmányban ezt a kérdést vizsgáljuk meg részletesebben, egy speciális áralkalmazkodási szabály feltételezésével. A standard...

This paper proposes the Shannon entropy as an appropriate one-dimensional measure of behavioural trading patterns in financial markets. The concept is applied to the illustrative example of algorithmic vs. non-algorithmic trading and empirical data from Deutsche Börse's electronic cash equity...

We develop and study a stochastic eliminative choice procedure, called choice by random checklist (CRC). On the one hand CRC extends the idea of Tversky's Elimination by Aspects (EBA) to explain, for example, stochastically intransitive choices. On the other hand a special case of CRC is...

This paper highlights the main features of the underground economy at the European level, laying the stress on Romania. The underground economy seems to have a major significance because important resources of the budget are “missed” by the state, with consequences for a decent standard of...

Behavioural economics attracted attention from environmental economists: it should help to understand why people do not respond to environmental policy measures, based on neoclassical assumptions, as predicted by theory. Moreover, understanding motives and driving forces behind pro-social,...

We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability,the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....

Lectures on Urban Economics offers a rigorous but nontechnical treatment of major topics in urban economics. To make the book accessible to a broad range of readers, the analysis is diagrammatic rather than mathematical. Although nontechnical, the book relies on rigorous economic reasoning. In...

Книга посвящена разработке актуальных теоретических, методических, практических вопросов становления и функционирования российских финансово-промышленных...

Книга посвящена рассмотрению актуальных вопросов теории создания и развития крупных корпоративных систем в рыночной экономике. Книга адресована работникам...

In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...