The linkages between housing wealth and household consumption are contentious. This paper uses a recently introduced statistical concept, housing equity withdrawal (HEW), to investigate the linkages in the case of Estonia. HEW is defined as net borrowing by the household sector, which is secured...

Ownership is the key building block in the development of the capitalist socio-economic system. It is not just a legal-economic construct; it has also personal, social, political, and economic value dimensions. The problem of not understanding the owners’ role or behaviour, either on...

Prior literature does not describe adequately the value of dynamic capabilities in a project business and does not follow their evolvement, there also exist several contradictions – the aim is to clarify these issues in small- and medium sized companies in Eastern Europe. A descriptive...

Sparked by the recent “great recession†and the role of financial markets, considerable interest exists among researchers within both the academic community and the public sector in modeling and measuring systemic risk. In this essay I draw on experiences with other measurement agendas...

Variance in academic performance that persists when situational variables are held constant suggests that whether students fail or thrive depends not only on circumstance, but also on relatively stable individual differences in how children respond to circumstance. More academically talented...

Experts have long believed that the high economic returns on sound early childhood programs means it should be possible to pay for such programs with so-called "invest-in-kid bonds", a form of social impact finance that would pay income and repay invested capital from the proceeds of the...

Cover -- CONTENTS -- I. INTRODUCTION -- II. THE NATURE OF PREFERENCE AND CHOICE -- III. THE SOCIAL WELFARE FUNCTION -- IV. THE COMPENSATION PRINCIPLE -- V. THE GENERAL POSSIBILITY THEOREM FOR SOCIAL WELFARE FUNCTIONS -- VI. THE INDIVIDUALISTIC ASSUMPTIONS -- VII. SIMILARITY AS THE BASIS OF...