Value creation processes based on economic dynamics of contribution – also referred as crowdsourcing or web 2.0 - take more and more importance in contemporary capitalism (Moulier-Boutang 2010; Moulier-Boutang 2011a). This paper’s aim is twofold: 1) to contribute to a better understanding of the...

GDP and its components’ evolution show an oscillatory behavior. As an alternative approach to classical cyclic behavior producing models, the paper analyses this behavior both by Fourier transforms of the data series and by a discussion of the roots configuration of the associated second order...

This work boasts a double objective: not only does it attempt to offer a complete panorama of the matching process in Andalusian public employment agencies (Servicio Andaluz de Empleo, SAE) for both sides of the job market, based on duration analysis, but also to assess the degree to which the...

We investigate the changes in women's employment patterns across EU countries over the last 20 years both in terms of labour market participation and type of jobs using individual data from ECHP and EUSILC databases. By means of a logistic multilevel model, we then pin down the role played by...

Considering the wide range of CPI applications in the economy, the accuracy of estimating changes in an average price of a consumer basket of goods attracts the attention of many economists. How the index of consumer prices is calculated is not, as it might seem, a merely statistical problem....

The aim of this paper is to derive the optimal inflation rate for the Euro Area (EA) countries from the relationship between relative price variability (RPV). In order to achieve the above stated goal, we have utilized monthly data for the Harmonized Index of Consumer Prices between January 1997...

For virtually all firms, the means of generating shareholder value comes by having customers consistently come back. The measurement of customer satisfaction and repurchase intention is therefore critical to managers and researchers. Unfortunately, recent research studying the effect that 1)...

Abstract. A mathematical economic model was developed to determine the optimal rate of direct taxes for firms of different sectors of economy, which, in the conditions of absence of influence of inflation, results in optimal rates of direct taxes while maximizing government revenue, and provides...

We add some elements of prospect theory to an analytically tractable version of Lucas's (1972) "islands" model.Macroeconomic genrela equilibrium models with imperfect information and signal extraction; micorfounded behavioral economics. (simplified) Prospect theory (Kahneman and Tversky 1992).We...

Baumol (1990) famously argues that entrepreneurs are individuals who exploit opportunities, be they in the productive (enterprises) or the unproductive sector (lobbying, rent-seeking, corruption…), and that the prevalence of one or the other type of entrepreneurship depends on the quality of...