The objective of this research is to explore the decision-making process of consumers when faced with food products that have values-based labels.

Extrinsic uncertainty is effective at a competitive equilibrium. This is generically the case if commodities are exchanged indirectly, through the exchange of assets, spot markets are inoperative, while the asset market is incomplete. <p> The structure of payoffs of assets may allow for non -...</p>

In 2009, France is expected to create a new minimum income guarantee called "revenu de solidarité active" (RSA) in order to replace several existing programmes. It should benefit those in work according to a degressive schedule that reminds one of the negative income tax or universal basic...

This book is an attempt to construct a classification (or division) of intangibles, consisting of a diversity of approaches that deals with this concept. It includes eleven papers which have been divided into three sections based on their approach and what we can learn from them: (1) regulation...

In this paper, the authors explain that relatedness is often associated with acquisition value creation without distinguishing between three underlying sources of synergy: business similarity, product complementarity and geographic complementarity. The authors argue that realizing value in...

In this paper, the authors investigate judgment aggregation by assuming that some formulas of the agenda are singled out as premisses, and the Independence condition (formula-wise aggregation) holds for them, though perhaps not for others.

Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...

This essay discusses the status of normative economics by identifying several conceptions that economists have entertained in this respect. It connects these conceptions with two main philosophical strands, i.e., positivism in its many variants and Weber's philosophy of values. The paper argues...

The literature on chief executive officers (CEOs) established that economics and sociological rationales are both essential to understand the level and structure of CEOs' compensation. Our thesis is that internal "transaction costs" or frictions override strictly economic criteria to determine...

The production control, via hedging point policies, of a single part type manufacturing system with stochastic capacity and demand is discussed. In the present paper, several feasible operational modes may correspond to equal hedging points. For such generalized hedging point policies, we...