In this paper we explore the question of whether the gender of the instructor in first year university microeconomis might play a role either in the performance of students, and espatially the performance of female students, in microeconomics, or, in the likelihood that student will continue in...

We study the role of monotonicity in the characterization of incentive compatible allocation rules when types are multi-dimensional, the mechanism designer may use monetary transfers, and agents have quasi-linear preferences over outcomes and transfers. It is well-known that monotonicity of the...

The classical bankruptcy problem (O''Neill, 1982) is extended by assuming that the agents have non-homogenous preferences over several estates. A special case is the one in which there are finitely many estates and the agents have homogenous preferences, i.e., constant utilities, per estate. In...

Purpose – The purpose of the research is to analyse the theoretical foundations of the balanced scorecard (BSC) with the aid of a microeconomic model and to illustrate the results in an empirical case. Design/methodology/approach – The model includes demand, production, and objective...

Purpose – To examine in depth one of the currency crises proliferating in emerging markets during the last decade. Design/methodology/approach – Three “generations” of currency crisis models are used to identify vulnerabilities facing the Turkish economy in the period 1999‐2000,...

Purpose – The purpose of this paper is to discuss incentive mechanisms and procedures for cost internalization by both potential defendants and plaintiffs. Design/methodology/approach – The approach taken is to rely on the concepts of liability, negligence, precaution and methodologies for...

This paper shows a new optical visualization of demand and supply based on the application of surfaces. The objective of initiating the demand and supply surfaces is to propose the application of multi-dimensional graphs among academics, economists and policy makers in the study of...