Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the...

Self-influence and self-reference are among the largely omitted, but quite substantial properties of thought systems in social sciences. These can have significant impact on the ways we can test such thought systems (theories), their applicability and reliability. This paper defines the basic...

Financial inclusion efforts seek to ensure that all members of an economy can have access to and effectively use appropriate financial services. Improving financial inclusion has become a significant concern for developed and developing countries alike. There are many indicators of financial...

Das deutsche Bildungßsystem steht unter enormem Veränderungsdruck. Um die Schulen auf die Zukunft vorzubereiten und große Investitionsprogramme zu ermöglichen, haben Bund und Länder beschlossen, das Grundgesetz zu ändern. Dazu gehört auch die Öffnung von Artikel 104c. Der Bund wird...

Unrealistic assumptions underlying neo-classical economic theory have been challenged by both behavioral economics and studies of moral economy. But both challengers share certain features with neo-classical theory. Complementing them, recent work in the anthropology of ethics shows that...

Der Beitrag befasst sich mit dem sozialen Wandel des Konsumentenverhaltens in den letzten 20 Jahren. Hierfür wird in einem ersten Schritt die Rolle des Konsumenten idealtypisch konzipiert. In einem zweiten Schritt wird das Phänomen des Prosuming herausgegriffen, um daran zu prüfen, welche...

Der diesjährige Nobelpreis für Ökonomie ging an einen Wirtschaftswissenschaftler, der sich mit dem Wettbewerb auf Märkten und der Regulierung von Unternehmen befasst und dies solide – auch spieltheoretisch – fundiert. Jean Tirole hat allerdings ein sehr breites Forschungsspektrum, das...

This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...

This paper improves on the issues of extreme data points and heterogeneity found in the linear programming data envelopment analysis (DEA) by presenting a cluster-adjusted DEA model (DEA with cluster approach). This analysis, based on efficiency, determines the number of clusters via Gap...

In recent years, we have witnessed the effects of the Fourth Industrial Revolution on the labour market. Technological changes, internet use, and robotics are changing the practices, services, and needs of organizations and employees in the labour market. These changes represent both a threat...