Seminal models of herd behaviour and informational cascades point out existence of negative information externalities, and propose to ?destroy? information in order to achieve social improvements. Although in the last years many features of herd behaviour and informational cascades have been...

The issue of environment protection has gained in importance recently in connection with progressive environmental decay, which is caused by a steady economic development and exploitative natural resource management. Energetics is one of the industries, which have a damaging influence on the...

Sustainable development becomes increasingly important in the design of development policies. The economic field, due to the businesses it involves, is regarded as a tool capable of generating social well-being by caring for resource conservation. The retailing is part of this process, playing...

Developing businesses in compliance with the principles of sustainability has been a tough challenge in our century. A planned, integrated and properly coordinated orientation towards environment protection, involvement in activities of society and local communities, supporting and streamlining...

The paper aims to determine the role of the financial situation of production companies in the relationship between their environmental initiatives and their factors of competitiveness. The paper takes advantage of primary and secondary statistical data. The former were gathered using the...

Es werden im Folgenden für eine Abfolge von rentabel eingeschätzten Investments Komponenten und Lösungswege zur Maximierung des Endvermögens bei Ausschluss des Ruins aufgezeigt.

Die Abhandlung zeigt für wiederholbare Prozesse eine universell anwendbare Ableitung eines Rechenalgorhithmus auf, mit dem unter Annahme einer Wahrscheinlichkeitsverteilung mögliche Plan-Istabweichungen und Aufallkosten zu einem Gleichgewicht und damit zu einem Ergebnisoptimunm führen....

The theory of games against nature relies on complete preferences among all conceivable acts (case 1). Aumann and Drèze (Am Econ J Microecon 1(1):116,(2009) consider situations where preferences are defined only for a given set of acts (case 2).We extend these results to situations where (i)...

This paper contributes to the axiomatization of additive rules for ranking sets of objects under the psychological principle of categorization. Firstly we proceed with the case where the elements in the sets are categorized into at most three groups, namely good (with value 1), neutral (with...