This paper describes one proposition about dynamic Markowitz portfolio selection in an open economy. Here it is proved that, assuming that two countries in an open economy share the same risk absolute aversion coefficient and the same information set with some conditions, the portfolio each...

This article presents the basics of argumentation theory. The relations of the argument with the concept of logical inference and an illustration of argument in international comparative policy analysis: the analysis of arguments in the invasion of Iraq

„In the concept of a new economy that should integrate all stakeholders such as man, society, environment and organization, knowing natural, human and social life is becoming a greater and more comprehensive concern”. - D.J.Hickson Humankind is undergoing a historic process of passage to a...

Information, the third manifestation form of Fundamental Existence, has become the most valuable treasure of mankind. The Japanese once said that the happy masters of information in early 21st century are going to be the masters of the world, too. The sign of power is not going to be rendered by...

Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...

In reality, the so called 'law of one price' does not always hold, especially since the consumers' search for information bears positive costs. This is more than often also due to the models assumption of fully informed consumers. The present paper deeply investigates the topic of positive...

The Internet consists of many administrative domains, or \emph{Autonomous Systems} (ASes), each owned by an economic entity (Microsoft, AT\&T, The Hebrew University, etc.). The task of ensuring interconnectivity between ASes, known as \emph{interdomain routing}, is currently handled by the...

This paper takes the firm as an information processing unit. It provides a model that involves the division of labour and specialization, and demand uncertainty. It shows that conditionally, a firm with information processing ability comes into being endogenously, with information rent...

Surveillance is integral to modern societies. This paper considers the economic forces behind surveillance, the use of surveillance in the private sector, and the social consequences for the continued growth of surveillance over the past several centuries. It argues that the demand for...

As well as addressing the Basel Committee's proposals to strengthen global capital and liquidity regulations, this paper also considers several reasons why information disclosure should be encouraged. These include the fact that imperfect information is considered to be a cause of market failure...