In this article two original microeconomic models of an externality market are described: (1) model of optimal financial compensation of a damage caused by a negative externality in the economy with agents maximizing probability of their survival (generalized Coase Theorem) and (2) generalized...

While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to...

A idéia do conceito da Multifuncionalidade da Agricultura é: agricultura é multifuncional porque além da função central de fornecimento de alimento e fibra, também fornece outras funções ou serviços para toda sociedade, produzindo externalidades positivas. Este conceito pode ser...

The paper focuses on a new theoretical-methodological approach to interpreting functional transformation processes of farms located in rural areas and marked by a delay in development. We have defined a theoretical paradigm of optimal value portfolio (OVP) which considers -in a new light-...

В статье рассматривается опыт построения и исследования моделей экономического роста, учитывающих институты (горизонтальные сетевые связи, а также...

В статье рассматривается вопрос о побочных взаимодействиях между этикой и экономикой и обосновывается тезис о том, что экономика не является этически...

The amount of outstanding U.S. sovereign debt has become a reason for worldwide concern especially after S&P downgraded it on August 5, 2011. The underlying analysis con-ducted by that rating agency followed the same methodological approach it applies to any other country’s sovereign debt...

This paper presents a simple model of strategic network formation with local complementarities in effort levels and positive local externalities for a general class of payoff functions. Results are obtained for one-sided and two-sided link creation. In both cases (pairwise) Nash equilibrium...

This paper deals with the essential question: 'is it possible to reform accounting terminology?' It explores how account manipulation can be achieved not only by fudging figures, but also by manipulating the surrounding syntax; in other words, the language itself. Thus, given that words carry...

We develop a modification of the connections model by Jackson and Wolinsky (1996) that takes into account negative externalities arising from the connectivity of direct and indirect neighbors, thus combining aspects of the connections model and the co-author model. We consider a general...