This open access book looks at how a democracy can devolve into a post-factual state. The media is being flooded by populist narratives, fake news, conspiracy theories and make-believe. Misinformation is turning into a challenge for all of us, whether politicians, journalists, or citizens. In...

A 2008-ban kezdődő válság, majd az azt követő hitelszűke rávilágított arra, hogy a pénzügyi közvetítőrendszer és a pénzügyi piacok jelentős hatást gyakorolnak a reálgazdasági folyamatok alakulására. Ezért a válság után a korábbi időszakokhoz képest jobban...

Production to order and production in advance have been compared in many frameworks. In this paper we investigate a production in advance version of the capacityconstrained Bertrand-Edgeworth mixed duopoly game and determine the solution of the respective timing game. We show that a...

This paper explores the relationship between environmental degradation (measured by the ratio of carbon dioxide emissions), economic growth and energy consumption in case of Hungary over the period of 1990-2014 by annual data. To ascertain the integrating properties of the variables, the...

In this article, we argue that the post-crisis banking governance framework of the European Union, not only severely constrains peripheral member states’ governments in their policy choices, but more profoundly rearranges their government institutions in a way to restrict sovereign banking...

In this paper sharing the cost of emission in supply chains are considered. We focus on allocation problems that can be described by rooted trees, called cost-tree problems, and on the induced transferable utility cooperative games, called upstream responsibility games (Gopalakrishnan et al.,...

What is business for? Day one of a business course will tell you: it is to maximise shareholder profit. This single idea pervades all our thinking and teaching about business around the world but it is fundamentally wrong, Colin Mayer argues. It has had disastrous and damaging consequences for...

Computation of Nash equilibria of bimatrix games is studied from the viewpoint of identifying polynomially solvable cases with special attention paid to symmetric random games. An experiment is conducted on a sample of 500 randomly generated symmetric games with matrix size 12 and 15....