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...

George J. Stigler in his Nobel price lecture in 1982 suggested to apply the ideas of economics of information on the market of new ideas of economic science. On the border between the economics of information and some other social sciences, co-word method and citation analysis are proposed for...

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...

В статье рассмотрены основные проблемы асимметрии информации в отношениях принципала и агента с целью определения оптимального и эффективного соотношения...

This paper examines the practical implications of using high-frequency data in a fast and frugal manner. It recognises the continued widespread application of model free approaches within many trading and risk management functions. Our analysis of the relative characteristics of four model-free...

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...

George J. Stigler, in his Nobel price lecture of 1982, suggested that the economics of information could be applied to the marketplace of new economic ideas. Economists enter this marketplace ? economic knowledge ? principally on the demand side, where they attempt to distinguish new and...

1990s were the years of enormous growth of information exchange. Rapid development, augmented coverage and wide accessibility of Internet have been the key factors of that amazing growth. People’s access to economic and financial data was one of the major areas in which new trends and patterns...

Close business relationships are important in the food industry. However, the introduction of electronic commerce has emerged as a fundamental challenge to these relationships. In particular, retailers who start procuring private label food products in electronic auctions risk the termination of...