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Persistent link: https://www.econbiz.de/10005056395
The medieval notion of the just price was an outcome of neither an exclusively economic analysis nor a completely … of price and justice and how an integrated economics and ethics made for a mode of reasoning about price different from … the endogenousty focused price theory and limited boundaries of modern economics. It is argued in 'The Justice of the Just …
Persistent link: https://www.econbiz.de/10009221637
Dryland salinity is one of the most pressing land management problems in Western Australia. A number of projects are in progress to provide a more comprehensive picture of the location and extent of potentially saline areas in the landscape. Associated with some of these projects, a large number...
Persistent link: https://www.econbiz.de/10010913178
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George J. Stigler in his Nobel price lecture in 1982 suggested to apply the ideas of economics of information on the …
Persistent link: https://www.econbiz.de/10005258051
This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant surprises. If ignorance and unpleasant...
Persistent link: https://www.econbiz.de/10009323202
В статье рассмотрены основные проблемы асимметрии информации в отношениях принципала и агента с целью определения оптимального и эффективного соотношения...
Persistent link: https://www.econbiz.de/10011234058
environment. It recommends that the use of sparse data (open, high, low and closing price observations) requires trader intuition …
Persistent link: https://www.econbiz.de/10010730255
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Consumer advice should reduce asymmetric information between consumer and supplier as well as provide confidence in markets. However, consumer advice itself is characterised by asymmetric information between adviser and consumer. The article figures out this aspect and shows how consumers cope...
Persistent link: https://www.econbiz.de/10008550492