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profit and the investor's excess wealth, a well-specified theory of residual income is generated: one is the standard theory …, which historically traces back to Hamilton (1777) and Marshall (1890) and is a deep-rooted notion in economic theory …), the theory is enfolded in Keynes's (1936) notion of user cost and is naturally generated by an arbitrage-theory …
Persistent link: https://www.econbiz.de/10015216394
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10015230542
economic theory. The main problem of traditional economy is that it has not taken seriously the need to explore the … themselves, have perniciously enter into microeconomics, macroeconomics and economic growth theory. And as a consequence we do … economic theory. The main purpose of this manuscript is to delineate the route towards the consolidation of such a new theory. …
Persistent link: https://www.econbiz.de/10015214327
Starting from February 2007 world market is facing what we call enantiodromia. The indices are correcting. It is not known whether this is the final correction but there is no doubt that the bubble has burst and air out of it is gushing out slowly (fast on an extended time frame). The biggest...
Persistent link: https://www.econbiz.de/10015257718
models in Welfare Economics, General Equilibrium Theory, Information Economics and Game Theory have created the necessity to … integrate the neoclassical theory of free markets and the insti-tutional theory. It argues that while the main goal of economics … capitalism. But they do not happen in a vacuum, institutions are required. It argues that the future of economic theory and …
Persistent link: https://www.econbiz.de/10015214334
framework of Kolmogorov’s probability theory? If not, what else do you need to add to the foundations of probability theory so … of the new theory of experience and of chance (the certainty theory) [1] that consists of two dual halves: the … believability theory and the probability theory, and that is intended for the mathematical description of experienced …
Persistent link: https://www.econbiz.de/10015257756
This book is about the construction of reality. The central aim of this study is to understand how gravity works and how it may be focused and manipulated. While I do not have an answer to this question, the discoveries along the way have been worth collecting into a single volume for future...
Persistent link: https://www.econbiz.de/10015263934
In less than fifteen years, the world has experienced the worst financial crisis since the 1930’s, the worst global pandemic since the flu in 1918, and the largest war fought since the Second World War. This manuscript argues that these crises are not isolated events. The main thesis is that...
Persistent link: https://www.econbiz.de/10015214330
The use of pesticides on the farm is largely governed by voluntary behavior. It is important to understand what drives farmer’s behavior of pesticide use. Health belief models in public health and social psychology argue that persons who have had adverse health experiences are likely to...
Persistent link: https://www.econbiz.de/10015217588
This study deals with bulimia nervosa (BN) that is a serious and potentially life-threatening eating disorder, which is characterized by binge-eating and extreme weight control policy. It is a distressing and disabling disorder followed by compensatory purging behaviors, such as self-induced...
Persistent link: https://www.econbiz.de/10015270026