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Theory of redistribution systems is an application and at the same time extension of Game Theory. It deals with … functioning of institutions, establishments, firms and others social systems, in that pay-offs are redistributed in contrast to …
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In this article is studied hypothesis, that every period (time interval) before financial crisis is distinguished by co-movement of several variables. The study is based on monthly data (that means no quarterly data, like portfolio investment, were used). This hypothesis, tested with vector...
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