Alvin E. Roth and Lloyd S. Shapley were awarded the 2012 Nobel Prize in Economic Science "for the theory of stable allocations and the practice of market design;" (Royal Swedish Academy of Sciences, 2012).This paper, motivated by a desire to understand their accomplishments, reviews successful...

The need for transition to indefinitely sustainable macro economic production functions and the attendant required evolution of modern portfolio theory are discussed. A new, 'next economy' methodology is proposed to practically apply modern realities to portfolios in meaningful ways. Existing...

The evaluation of investment public projects in education and health is an inclusive issue. It begins with identification and carries on to output evaluation. The prevision issue is as relevant as the impact evaluation issue as well. In this paper, there are different methodologies of Ex- Ante...

This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...

Frédéric Bastiat (1801-1850) was a French thinker who did most of his writing in the last six years of his life. One of his major contributions to economic thought was his application of opportunity cost to a wide range of economic policies. The present paper uses the Bastiat approach to...

The study investigates the efficiency of nonlife insurance business in Kenya over the period 2006-2012 using stochastic frontier approach and establishes an industry efficiency of 72% over the period. The efficiency scores per year were; 2006 (67%), 2007 (69%), 2008 (61%), 2009 (73%), 2010 (99%),...

The study investigates the efficiency of nonlife insurance business in Kenya over the period 2006-2012 using stochastic frontier approach and establishes an industry efficiency of 72% over the period. The efficiency scores per year were; 2006 (67%), 2007 (69%), 2008 (61%), 2009 (73%), 2010 (99%),...

La evaluación de los proyectos de inversión pública en educación y salud es una tarea integral, desde la identificación hasta la evaluación de resultados, es tan importante la preinversión como la evaluación de los impactos. En el documento se plantean diferentes metodologías de...