Over fifteen years have passed since the beginning of the reconstruction of the transition countries' banking systems. The analysis of the development of commercial banking in Estonia and other transition countries points out several features, which are typical for the starting period of...

Der Beitrag untersucht die Auswirkungen des demographischen Wandels, der durch eine Erhöhung der Lebenserwartung infolge des medizinischen Fortschritts ausgelöst wird, auf die altersspezifischen Ausgaben für Gesundheitsleistungen. Dazu werden stationäre Zustände in einem Modell mit...

If one of two rational players is absent-minded for at least three rounds, cooperation in a prisoners dilemma with a finite number of repetitions is possible. If both players are absentminded, even two rounds of absent-mindedness can be enough for cooperation in these rounds and all rounds...

The method introduced by Faustmmm and extended by Hartman is used for calculating present values of forestry assetts under various conditions and for determining the optimal rotation. The approach is not stochastic and very simple. The forest benefit contemplated additional to timber is the...