The basic point of the paper is that, under certain circumstances, groups which take extremist positions on issues tend also to use extremist methods such as terrorism and violence to pursue those goals. I assume that the leaders of extremist groups are rational, therefore, given their goals,...

The paper emphasises two flaws in mainstream economics: the failure to understand human behaviour and the belittling of transaction costs. By stressing the role of knowledge, institutions and path dependence, new institutional economics has provided a powerful answer to these shortcomings....

Circularity is a desirable property of a productivity index seldom satisfied in available bilateral indices, such as the Malmquist index. Within a setting of micro units belonging to groups with group-specific frontier technology, the bilateral Malmquist productivity index is investigated. Our...

The efficiency of most known distribution-free goodness-of-fitt tests such as Kolmogorov - Smirnov, Cramér - von Mises and their numerous variants was studied mainly under the classical alternatives of location and scale. However it is interesting to compare the efficiencies of these tests...

Jean Ville gave, independently of Houthakker, and prior to him, a general one page proof of the integrability of demand functions in a revealed preference scheme. It happens that this essential contribution has been largely ignored in the literature. The comparison between Ville and...

In economics scale properties of a production function is charcterised by the value of the scale elasticity. In the field of efficiency studies this is also a valid approach for the frontier production function. It has no good meaning to talk about scale properties of inefficient observations....

Evidence Theory is a branch of mathematics that concerns the combination of empirical evidence in an individual's mind in order to construct a coherent picture of reality. Designed to deal with unexpected empirical evidence suggesting new possibilities, evidence theory has a lot in common with...

Contrary to the mainstream view, the paper offers a subjectivist approach to growth and an institutional view of development. In particular, the term development regards the prevailing rules of the game and their effects on the key variables for economic activity to take off: property rights and...

This article tries to reassess the meaning of transition. After a critical review of the traditional approach, it is argued that meaningful transition requires emphasis on the change of the institutional path-dependent process. In this light, the issue of transition may also apply to the West....

This Paper examines how best to integrate the assessment of recipient governments' relative needs for the funding of capital into an overall assessment of needs for grant distribution aimed at the equalisation of fiscal capacities. It is based on the assessment processes of the Commonwealth...