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Carried out a logical analysis of the classical model of collective management decisions “garbage can model” (GCM or CMO). The article describes the general case of decision making under heavy load, and specialized access and decision structures. For the case of arbitrary dimension and a...
Persistent link: https://www.econbiz.de/10014142624
Income inequality has risen dramatically in the United States, with potentially negative social, economic, and political consequences. Governments can use redistributive tax policies to combat inequality, but doing so requires public support. When will voters support redistributive tax policies?...
Persistent link: https://www.econbiz.de/10014147925
The Coase Theorem predicts that, if there are no transaction costs, parties will always contract their way to an efficient outcome. Thus, no matter which legal rules society chooses, "Coasean bargains" will lead to efficient results. There are always some transaction costs. However, transaction...
Persistent link: https://www.econbiz.de/10014148005
We conduct a laboratory experiment to study the incentives of a privileged group to share political power with another group when the two have conflicting interests. There are two groups of participants, the “yellows” and the “blues”. The yellows collectively choose the voting rule for a...
Persistent link: https://www.econbiz.de/10014149190
The Knowledge Age is in fact much more than a frivol assumption. A simple proof is related to the actual treatment of information. As data creation, production, storage and availability have increased, one's ability to make sense out of that data has obviously decreased. So there is a potential...
Persistent link: https://www.econbiz.de/10014149638
A great challenge in nowadays superior education is to anticipate a certain behavior of a student: request for additional assistance, enrollment in a particular study program, exam promotion rate, mean value of grades, transfer risk, etc. Many institutions can better deal with these student and...
Persistent link: https://www.econbiz.de/10014149639
Beyond knowledge experience always stays. But experience frequently resides in historical data combined into information, theorems, decisional models, ideas and many other invisible intellectual assets. The way we mange this could be the essence of the knowledge management. As said, decisional...
Persistent link: https://www.econbiz.de/10014149644
Nowadays many Decision Support Applications tend to combine the multi-criteria decision analysis of historical data with new reporting facilities as alerts and some corresponding to key performance indicators that describe so well a new field and approach called Business Intelligence. Moreover...
Persistent link: https://www.econbiz.de/10014149717
Business scholars and thought leaders suggest that increased reliance on digital sources (e.g., blogs, social media, and online forums) exhibited by the emerging millennial workforce may affect procurement decisions. These arguments contend with research that indicates that organizational buyers...
Persistent link: https://www.econbiz.de/10014121795
The content of this document is only and only an interface – a synthetic one – between any (e-)reader – seeking a kind of partnership/membership to a collectively responsible entity engaged into scientific research focused on a ‘better near/next world’, respectively just this...
Persistent link: https://www.econbiz.de/10014123858