None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...

Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by adding a stochastic specification implying the...

This paper presents a new theory, called Preference Cloud Theory, of decision-making under uncertainty. This new theory provides an explanation for empirically-observed Preference reversals. Central to the theory is the incorporation of preference imprecision which arises because of...

The objective of this paper to characterize some indicators of overall performance of Dutch Lady Malaysia with specific risk factors and macroeconomics factors (GDP, inflation rate) on return on assets (profitability). The information was collected from Dutch Lady Malaysia annual report for five...

Research on collusion in vertically differentiated markets is conducted under one or two potentially restrictive assumptions. Either there is a single industry-wide cartel or costs are assumed to be independent of quality or quantity. We explore the extent to which these assumptions are indeed...

This study investigates the perceptions of employers in the cities of Palmira, Florida, Candelaria and Pradera (Colombia), to recruitment ex-combatants in their companies. A stratified sampling is carried out to know the point of view of the businessmen and to estimate a multinomial logit model....

The study investigated the impact of a monther's employment on child labour and schooling in Malawi using the Third Integrated Household Survey (IHS3) dataset. Children aged 5 to 17 were sampled from the dataset and used in the analysis. The study used a series of multivariate probit models with...

The research article presents the highly innovative theoretical research results: 1) the new quantum microeconomics theory in the quantum econophysics science is formulated; the idea on the existence of the discrete-time induced quantum transitions of firm’s earnings (the firm’s value) in the...

The research article presents the highly innovative theoretical research results: 1) the new quantum microeconomics theory in the quantum econophysics science is formulated; the idea on the existence of the discrete-time induced quantum transitions of firm’s earnings (the firm’s value) in the...

As stated also in the title of the paper, the analysis proposed is contrary to normative microeconomics. Therefore, we do not intend to analyze the individuals, with the intent to show if they behave correctly or wrongly, economically speaking.Our intention is to follow the logic of the...