The valuation of illiquid or non-marketable assets is complicated by the fact that the discount rate cannot be computed by using the risk attributes of the asset along with market parameters. Rather, individual attitudes toward risk affect the discount rate. Some recent research has avoided this...

Patronal groups represent a significant category of social organization; they are worthy and even necessary subjects of social science theory, and will require for adequate analysis models which address aspects and institutions of social life that seem inherently unstable, or at least that do...