The aim of this paper is to shed light on how some determinants, especially in the spheres of family background, differently affect the heterogeneous category of self-employment across a set of transition economies of Eastern Europe, where more or less restrictive policies and different...

The passing of Directive 2009/138/CE (Solvency II) has opened a new era in the European insurance market. According to this new regulatory environment, the volume of own resources will be determined depending on the risks that any insurer would be holding. So, nowadays, the model to estimate the...

This paper studies the choice of the exchange rate regime in emerging and developing countries. The literature on exchange rate regimes is often based either on theoretical models or on empirical analysis. Our paper presents a different perspective by developing a theoretical model which is...

This paper addresses the task of eliciting an informative prior distribution for multinomial models. We first introduce a method of eliciting univariate beta distributions for the probability of each category, conditional on the probabilities of other categories. Two different forms of...

Aim of this paper is to shed light on how some determinants, especially in the spheres of family background, differently affect the heterogeneous category of self-employment across four transition countries of Central and Eastern Europe (Czech Republic, Hungary, Poland and Slovak Republic),...