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This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own standards, Simon is an economist who works in the tradition of Adam Smith and Alfred Marshall. The central theme in Simon’s research is how human beings organize themselves in...
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To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax-favored retirement accounts. In a very simple model, where benefits are proportional to contributions, we compare three extreme systems: (i) the pure mandatory system, (ii)...
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Very few papers analyse PMS implementation in developing and transitional countries and the importance of PMS implementation for success in transition. Providing a Serbian perspective on PMS implementation, the study aims to identify and analyze important factors and variables that influence PMS...
Persistent link: https://www.econbiz.de/10011307016
panel data set for Serbia, this paper combines both of these issues. Estimation of gross transition probabilities reveals …
Persistent link: https://www.econbiz.de/10010282280
spatial development as they preceded the first European spatial policies. As Serbia suffered from internal social and … society. Critical analysis of both the regulatory and institutional framework of spatial planning in Serbia indicates a … Raumordnungspolitik vorausging. Da Serbien unter internen sozialen und politischen Schwierigkeiten litt, wurde es von der Unterstützung …
Persistent link: https://www.econbiz.de/10012153754
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
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