Agricultural insurances based on a climate index are an innovative form of insurance that represent a viable alternative for low-income countries. Such insurances are tied to a climatic index (e.g. the level of precipitation, temperature, humidity or crop yield) rather than an actual loss. This...

This paper shows one type of asymmetric information problems, their theoretical implications, the design of contracts that mitigate them, as well as some experimental evidence. Furthermore, by extrapolating the results, the paper tries to illustrate certain macroeconomic implications obtained...

This article suggests that the methodological strength of what is known as the neoclassic utility theory (NCUT) comes from the relationship between the parlor games, typical of formal logic, and the seek and find games which are founded in the modal logic. Through the use of the semantic games...

This survey article provides a microeconomic perspective of institutional design and public policy, focusing on the way the relations between voters, politicians and bureaucrats produce efficients outcomes in public policy. It points out the relevance of information and monitoring costs,...

This paper seeks to point out and to correct some mistakes of the conventional theory of imperfect competition based on partial equilibrium analysis. It extends to imperfect competition the classical model of general equilibrium, signaling the interconnections between individual prices and...

The cognitive factors that determine --in lesser or smaller measure-- the process of the conceptualization of design and the relationship with the result of the project carried out by the students are: the attitude of searching and exploring (V1), the knowledge of the problem (V2), the...

In order to a perfect elaboration of the typical fried eggs and chips, it is necessary, firstly, to select a quality raw material; secondly, to wait until the oil is hot enough; thirdly, to let it drop conveniently, once fried. The presence of a border lace and the slight solidness of the yolk,...

Agricultural insurances based on a climate index are an innovative form of insurance that represent a viable alternative for low-income countries. Such insurances are tied to a climatic index (e.g. the level of precipitation, temperature, humidity or crop yield) rather than an actual loss. This...

This paper aims to defend the importance of the information and persuasion in financial markets. The conviction relates to the developments of Argumentation Theory (AT). Understand that economic agents react according to the information they have, and that beliefs play an important role because...

This paper proposes a central idea in diffusion research is that influential –a minority of individuals who influence an exceptional number of their peers- are important to formation of public opinion. Here we examine this idea, which we call the “influential hypothesis”, using the...