Agents' decisions to exert effort depends on the provided incentives as well as the potential costs for doing so. So far most of the attention has been on the incentive side. However, our lab experiments underline that both the incentive and cost side can be used separately to shape work...

Cloud computing, which can be described as a technology for provisioning computing infrastructure as a service, runtime platform as a service, and software as a service, is considered as a keystone for innovation in the IT area. However, a limiting factor to innovation through cloud computing...

The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

Until recently "deceleration" has been little recognized as a technical term or as an idea, but now it seems to be getting more attention. Despite time is a decisive factor for the productivity and competitive advantages of companies continual acceleration may well be counter-productive and lead...

En survolant les étapes importantes du processus du changement économique nous constatons que l’Algérie vit une transformation radicale de son environnement économique depuis les années 1990. L’engagement résolu du pays dans la voie de l’économie du marché libère les énergies...

The main purpose of this study is to suggest the transparent mode of payment to expected internally displaced persons of Thar coalfields areas of district Tharparkar, Sindh province of Pakistan. According to national and international laws if people are displaced then they are being compensated...

In this article, attention is focused on the prices of production factors (capital, labour and land) and their relationships. We indicate here their exogenous character based on the author's analytical approach. In addition, we derive the dependencies, while drawing from the theory of...

Organizational learning-by-doing has long been used to explain firm behavior and economic growth where the underlying models and analysis are built upon observations from the manufacturing sector. Though that sector is still relevant, firms are increasingly reliant upon creative processes, yet...

We consider the problem of finding the optimal time to switch between two measurable cash-flow streams. A complete characterization of the set of solutions is obtained in terms of adjoint variables which measure the available gain from deviations. An iterative procedure for the computation of...

In a randomized field experiment, we investigate the connection between work goals, monetary incentives, and work performance. Employees are observed in a natural work environment where they have to do a simple, but effort-intense task. Output is perfectly observable and workers are paid for...