The Prospect Theory proposes to assess outcomes relative to a reference point (or benchmark). Although the literature … recognises the relevance of dynamic benchmarks, most of the applications of Prospect Theory employ static reference points (or a … status quo). This paper aims to develop a Prospect Theory framework for investment under uncertainty subject to a dynamic …

This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory and …

author argues that flat economy is based on a marginal utility theory of value and presents hierarchical value chains with …

The background for the present elaboration is twofold: firstly, the ongoing debate about whether the Marxian theory of … distorted by its Ricardian elements (including the labour theory of value). In regard to the latter, the later economic … modules for his value theory which are not really related to each other, let alone thoroughly synthesized with one another …

General Theory once again tackles the matter of measuring aggregate values adopting a net approach and introducing an ad hoc …