There are situations in which competitors ally to pursue a common objective. This simultaneous presence of cooperation and competition is called coopetition and we study it theoretically and experimentally in a group contest setup. More concretely, we analyze a group contest with a new sharing...

This paper describes a Hungarian social microcredit programme, called Kiútprogram and discusses the major lessons drawn from its operation. It was launched some 10 years ago as an adaptation of the Grameen model to the Hungarian circumstances to decrease the level of prejudice and...

Previous studies have shown the impact of family, community, and ethnic networks on migration. Our research focuses on the role of social networks in Hungarian internal migration. We examine the factors determining out-migration rate from municipalities, and the factors influencing location...

We study linearly weighted versions of the least core and the (pre)nucleolus and investigatethe reduction possibilities in their computation. We slightly extend some well-known related results and establish their counterparts by using the dual game. Our main results imply, for example, that if...

Potent immunosuppressant drugs suppress the body's ability to reject a transplanted organ up to the point that a transplant across blood- or tissue-type incompatibility becomes possible. In contrast to the standard kidney exchange problem, our setting also involves the decision about which...

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external borrowing. Using empirically identified processes for...

The volume index of GDP reflects the change in real income generated by production, which differs from the change in real domestic income (RGDI) available consumption and investment in case of movements in the terms of trade (ToT). If the ToT improve (the price index of exports is above that of...

My intention was to add my own research to the history of the field of economic research at the Institute of Economics of the Hungarian Academy of Sciences in the period of '50s and '60s. However, the collected material gradually revealed several aspects of István Friss' efforts to try...

The chosen tournament format has a fundamental impact on the popularity and success of a sport. Efficiency of a format describes how well it can reproduce the real but hidden power ranking of the participants. We compare the efficiency of the formats of two individual sports that share similar...

There have been significant changes in the financing of early-stage innovative companies since the beginning of this decade. The importance of institutional venture capital funds' investments declined in financing startups and early-stage ventures. At the same time, alternative sources of...