Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...

Systemic risk remains a major concern to policymakers since widespread defaults in the corporate and financial sectors could pose substantial costs to society. Forward-looking measures and/or indicators of systemic default risk are thus needed to identify potential buildups of vulnerability in...

This paper measures the concepts of welfare and well-being in Russia on the basis of two large Russian household surveys, carried out in 1993 and 1994. Welfare refers to satisfaction with income and well-being refers to satisfaction with life as a whole. This paper investigates how climate...

Business organization can be based on science or empirical method. Science method is based on organization models and definitions from literature and empirical method is based on experience in doing business. We will research which method is used in Bosnia and Herzegovina companies. Our research...

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...

The widespread ennoblement of the Spanish bourgeoisie in the sixteenth century has been traditionally considered one of the main causes of Iberian decline. I document and quantify the surge in ennoblement through a new time series of nobility cases preserved in the Archive of the Royal Chancery...

This paper explores the determinants of expected rates of realignment of the French franc/Deutsche mark exchange rate during the period 1987-1991. It does so by first estimating expected parity changes and then relating these to economic variables that are believed to influence agents’...

Many researchers have revealed that the accounting research has evolved overtime from normative to positive research. Today, the main methodologies used by accounting researchers around the world are empirical or analytical but other methodologies are not excluded. The main purpose of our paper...

Selling and sales management is a new discipline and its importance is growing since companies are becoming more and more marketing oriented. The problem of modern business is not how to produce but how to sell the product. It means that there is no successful personal sale without effective...