A class of cooperative games is introduced which arises from situations in which a set of agents is hierarchically structured and where potential individual economic abilities interfere with the behavioristic rules induced by the organization structure. These games form a cone generated by a specific class of unanimity games, namely those based on coalitions called peer groups. Different econom...

In recent years, researchers in the field of Artificial Intelligence have developed a learning technique, namely, preference learning, that is suitable to be used for economic analysis. The present research empirically tests one of these models, which consists of a combination of LACE and RFE algorithms. The problem of forecasting the profitability of Spanish companies upon the basis of a set o...

Qualitative business survey data are used widely to provide indicators of economic activity ahead of the publication of official data. Traditional indicators exploit only aggregate survey information, namely the proportions of respondents who report “up” and “down”. This paper considers disaggregate or firm-level survey responses. It derives an alternative Bayesian indicator of economic activit...

The fast and steady economic growth in China during the 1990s has attracted much international attention. Using the three most recent Chinese input-output tables, this paper investigates industry structure and inter-industry relationships and the relationship of both to economic growth. The input-output tables contain intermediate demand and final demand for six broad industries, namely, Agricu...

We propose a new theory of choice between lotteries, which combines an ‘economic’ view of decision making based on a rational, though incomplete, ordering with a ’psychological’ view based on heuristics. This theory can explain observed violations of EU theory, namely all cyclical patterns of choice as well as violations of independence.

This paper examines the trends in strategic technology partnering (STP) by firms from developing countries over the period 1980-94. The evidence shows that a small group of countries, namely the Asian NICs and Eastern Europe dominate STP activity. We also examine differences in organisational modes and how these have evolved over time, suggesting an increasing similarity between the NICs and Tr...

The present study was conducted to obtain estimates of certain biological and economic indices of the trophic structure of the Omani landed fish catch, namely, the mean trophic level (MTL), the fishing-in-balance (FiB) index and the relative price index (RPI). The MTL generally decreased from 1995 to 2010, indicating a fishing-down of the marine trophic web. The FiB index increased, indicating ...

OBJECTIVES AND METHODS This article provides an extensive review of literature and an in-depth analysis aimed at introducing potential applications of economic evaluation and at addressing the barriers that could prohibit the use or diminish the usefulness of economic evaluation in Asian settings. It also proposes the probable solutions to overcome these barriers. RESULTS Potential uses of ec...

The economic value of irrigation water was determined through Contingency Valuation Method and Crop-Water Production function during wet and dry season of paddy cultivation. Factors namely, area under rice and water requirement influenced the willingness to pay for water by farmers. Social values of farmers’ over water were found to be high. The comparison of the economic value of water estimat...