This article studies the implementation of a public-private partnership (PPP) in the water supply sector in Nagpur (Maharashtra, India). Drawing upon the capability approach and the concept of disadvantage, we define equity as the need to focus on the worse-off. Based on extensive...

We analyze the physical, i.e. non financial, determinants of the real price of crude oil by means of an equilibrium correction model over the last two decades. We find that two cointegrating relations affect the change in prices: one refers to OPEC's cartel behavior attempting to control prices...

Cost analysis is more implemented in public organizations. Methods and expected uses are quite similar to those encountered in the private sector, but effective uses are more difficult to assess and compare considering the wide variety of organizational context existing in the public sector.

This paper questions whether the contemporary science of economics and its recommendations are built on sound moral foundations as assessed from a virtue-based definition of ethical behaviour. We argue that the model of man underlying economic analyses can correspond to the model of a virtuous...

This paper analyzes the impact of remittances sent by altruistic migrants on the labor supply of residents. The model is cast as a two-period game with asymmetric information about the residents' real economic situation. The optimal transfer depends on wages of both the donor and the recipient....

This paper considers the use of simulated cash flows to determine the optimal holding period of a real estate portfolio to maximize its present value. The traditional DCF approach with an estimation of the resale value through a growth rate of the future cash flow does not let appear this...

We analyze the role of management instruments in the development of collective activity and in the dynamics of organization, recurring to pragmatic and semiotic theories. In dualist representation-based theories (rationalism, cognitivism), instruments are seen as symbolic reflections of...

The focus of this paper is inference about stochastic and deterministic trends when both types are present. We show that, contrary to asymptotic theory and the existing literature, the parameters of the deterministic components must be taken into account in finite samples. We analyze the...

The main aim of Renaissance humanism is to free humanity from the chains of Nature (in the West: Greek or Pagan thought) and God's Will (e.g. Judaism, Christianity, or Islam). This liberation implies that man will totally appropriate his environment and subject it to his will and power in a new...

Starting with the concept of “rational maximizing individual”, a meta-construct with foundational value in economics and, in general, in human sciences, the paper delineates the territory of an ethics of rationality. It does this by taking fulcrum in findings from evolutionary theory, in...