For a host of compelling methodological reasons, homo oeconomicus has to be replaced. This is consensus, the open question is how this could be accomplished. What is required first is the separation of the formal foundations into a structural and a behavioral part. This paper introduces the...

This paper provides a tractable continuous-time constant-absolute-risk averse (CARA)-Gaussian framework to quantitatively explore how the preference for robustness (RB) affects the interest rate, the dynamics of consumption and income, and the welfare costs of model uncertainty in general...

Polish Abstract: Raport omawia następujące zagadnienia: - System kształcenia zawodowego w społeczeństwach i gospodarkach opartych na wiedzy i kreatywności - Wyłaniające się wyzwania wobec systemów kształcenia zawodowego - Wsparcie poprzez adaptację szkół zawodowych do trendów...

The use of humour in advertising is the effective way of communication in any emotion to sell the products. Humor increase attention and attract more consumers so it became an effective advertising in any medium of advertising. Researchers and Advertisers more interested towards humor...

We develop a urban economic model in which agents locate in cities of different size so as to maximize the net output of the whole system of cities in a country. From this model two new city size distributions are exactly derived. We call these functions “threshold double Pareto Generalized...

After more than two decades of inflation targeting in the world, it is important to evaluate if the adoption of this regime in a relevant developing country contributed to the creation of a better environment for the process of entrepreneurs' expectations formation. Brazil is part of an...

Polish Abstract: Publikacja ta stanowi podsumowanie doświadczeń z projektu badawczo-wdrożeniowego „PI-PWP: INNOWACJE NA ZAKRĘCIE - testowanie i wdrażanie nowych metod outplacementu”, realizowanego na zlecenie Wojewódzkiego Urzędu Pracy w Białymstoku, w ramach Programu Operacyjnego...

One of the fundamental aspects of the economy of the enterprise is inventory management. The article includes a brief comparative analysis of some mathematical models of inventory management in the enterprise. The basic calculation methods optimize the enterprise and minimize total costs that...

The article deals the mathematical model of elasticity ratio of demand and supply functions as well as a function of income. Demonstrated the practical application of the coefficient of elasticity to support the adoption of effective economic decisions

We introduce a heterogeneous connection model for network formation to capture the effect of cost heterogeneity on the structure of efficient networks. In the proposed model, connection costs are assumed to be separable, which means the total connection cost for each agent is uniquely...