Corporate Governance practices of MFIs (Microfinance Institutions) across different economies have been known to affect the firm performance. This study explores the practices and key board features (Audit Committees, Independent Directors, International Directors, CEO-Board Chairman duality,...

In a world where the future is uncertain and firms do not know the model, forecast ability matters. We ask whether, as predicted by rational expectations, forecast ability is uniform. And if not, whether firms learn. Firm level forecast ability is measured as forecast error based on the Ifo...

The thesis put forward in this paper is that Herbert A. Simon was a distinctive theoretician of decentralized decisional systems alternative to the market, from planning to organizations. This issue emerges from the convergence of four perspectives, each with a different role and influence on...

Italian abstract: Derivazione del surplus del consumatore e del produttore in contesto di variabili continue e discrete.English abstract: Derivation of consumer and producer surplus in the continuous and discrete case

Greek Abstract: Η συμβατική μικροοικονομική θεωρία, η οποία θεμελιώθηκε και αναπτύχθηκε κυρίως από τους νεοκλασικούς οικονομολόγους, εμπεριέχει κάποια βασικά λάθη τα...

This paper completes my previous paper "A Revision of the Theory of Perfect Competition and of Value" with a more global analysis of the mathematical mistakes of the neoclassical theory. During the second half of the twentieth century Microeconomic theory moved increasingly away from price...

This paper develops a discussion and provides the basis for a dispute of the principal assumption on which the classical-neoclassical theory of perfect competition is based: is it indeed true that the individual product demand of each producer is perfectly elastic (horizontal) and the price is...

Conventional microeconomic theory, founded and developed mainly by the neoclassical economists, contains some fundamental mistakes that lead economic theory to erroneous conclusions about how the economy operates and the results of this operation. Unfortunately, those mistakes have still...