Con el avance de la globalizacion y la integracion de las economias, la actividad empresarial y la inversion internacional son cada vez mas interrelacionadas. Este articulo se basa en las teorias relacionadas con el espiritu empresarial y la inversion extranjera directa (IED), al presentar el...

This historical episode is one of a profound transformation of this trade sector that between the end of the 17th century and the middle of the following one, namely the emergence and strengthening of the position of the British merchants in detriment to the competitive position of the merchants...

The issue of rural development may be considered a crucial theme regarding the development of European Union economy. Rural regions account for the big majority of European Union territory having an unquestionable importance in terms of employment, population as well as regarding their...

The history of economic ideas (or doctrines) has a long tradition of popularization activists, usually, but not exclusively, defending some ideological precepts over others. This tradition is particularly clear in the 19th century and early 20th century with economists, such as Frédéric...

Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? The adoption by Tunisia of structural reforms of its economy in a context of gradual opening since 1986, had allowed the instauration in January 1993 of the convertibility of its current...

The recent debates over discriminatory versus uniform-price auctions in the UK and elsewhere have revealed an incomplete understanding of the limitations of some popular auction models when applied to real-world electricity markets. This has led certain regulatory authorities to prefer...

In a Bayesian game players play an unknown game. Before the game starts some players may receive a signal regarding the specific game actually played. Typically, information structures that determine different signals, induce different equilibrium payoffs.In zero-sum games the equilibrium payoff...

This paper characterizes interim efficient mechanisms for public good production and cost allocation in a two-type environment with risk neutral, quasi-linear preferences and fixed size projects, where the distribution of the private good, as well as the public goods decision, affects social...

We study the issue of project choice when a risk-averse agent must choose whether to invest in two projects of the same type (focus) or of different types (diversification). Projects of the same type are subject to common type-specific shocks. Hence focusing is more risky within each period, but...

We show that, in repeated common interest games without discounting, strong `perturbation implies efficiency' results require that the perturbations must include strategies which are `draconian' in the sense that they are prepared to punish to the maximum extent possible. Moreover, there is a...