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The purpose of this article is to briefly present the actions taken in Romania's economic transition from a centralized to a market economy and to explain why and where it went wrong. Wrong decisions taken in the transition process will be highlighted, while noting that measures to implement...
Persistent link: https://www.econbiz.de/10012426809
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
The relationship between labor and capital is one of mutual antagonism and interdependence. Conflict occurs between labor and capital over control of the production process and conditions of employment. However, both classes need one another in order to produce and sustain a livelihood. Spatial...
Persistent link: https://www.econbiz.de/10009441386
Recent interest has been stimulated by the growth of income inequality in most developed countries during the 1980s and 1990s. However, considerable uncertainty still exists as to which factors have been the most important causes of this development. This article uses a measure of income...
Persistent link: https://www.econbiz.de/10009441597
with recognition of growth resources, those factors such as surplus value, Labour, capital, energy, government planning and … impact along with other effective factors on surplus value are considered and estimated. The results show that Labour and …
Persistent link: https://www.econbiz.de/10009442422
This study determines the factors that influenced contract choice, labour demand and examines the existence of labour …-permanent contracts are substitutes. Family labour negatively influences engagement in daily and semi-permanent contracts hence it is a … that there are hoarding costs incurred in the maintaining a steady pool of labour within the farm. From the results the …
Persistent link: https://www.econbiz.de/10009446371
Large estimates of the benefits of microeconomic reform have been put forward in official studies. By contrast, Quiggin (1997) concludes that benefits of microeconomic reforms have been modest. A key area of disagreement relates to the claim that increased competition leads to increases in...
Persistent link: https://www.econbiz.de/10009447973
that hides the reality of the commodification of labour. Originality/value – Commodification of labour through intellectual …
Persistent link: https://www.econbiz.de/10009457461