The crisis within the euro area has become frequent during 2010. First was the Greek economy to face a default problem of its sovreign debt, in November it was Ireland who has been in a serious financial situation at the verge of collapse causing difficulties to the euro. In this contribution we...

In this paper we apply the Complete Analysis of Differentiable Games [introduced by D. Carfì in (Carfi 2010), (Carfi 2009), (Carfi 2009), and (Carfi 2009)] and already employed by himself and others in (Carfi 2011), (Carfi 2010), (Carfi 2009)] to the classic Bertrand Duopoly (1883), classic...

This contribution focuses on the concept of bounded rationality, highlighting the role of psychology in the economic decisions. The work analyzes Simon's approach and his notion of bounded rationality as procedural rationality. Moreover, it examines some major contributions of behavioral...

Modern economies are increasingly based on knowledge and, more generally, on the intangible assets that favor the economic development. Knowledge-based economies are founded on increasing specialization, research, innovation and learning. The change towards a knowledge-based economy is happening...

Mathematical algorithms often fail to identify in time when the international financial crises occur although, as the classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave also rationally. This contribution tries to...

Mathematical algorithms often fail to identify in time when the international financial crises occur although, as the classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave also rationally. This contribution tries to...