The Austrian School of economics is mainly interested in human action. Austrian economists acknowledge that individual human beings act and that interacting economic agents form a complex system called the economy. Consequently, Austrians try to understand economic phenomena by analyzing human action. Compared to mainstream economists the methodology applied by scholars classified as Austrian u...

The aim of this annual workshop is to offer a forum for young researchers from the field of International Economics to present and to discuss their current topics of research with other experts. The workshop also provides the opportunity to gain an overview of recent developments, problems and methodological approaches in this field. The aim of this paper is to investigate the market efficiency...

this paper examines critically the contributions of cournot, jevons and walras as the founders of classical mathematical economics from a methodological standpoint. advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

Pharmacoeconomic/outcomes research (PE/OR) fellowships have been in existence for more than 10 years in response to the rising demand for expertise in economic evaluation.1-4 The first fellowship in PE/OR began in 19891; however, finding detailed information about these programs is difficult for several reasons. First, quantifying PE/OR programs is a challenge due to their increasing number in ...

During its transition towards a market economy, Vietnam embarked upon a path of disinflation through dollarization. In this paper, we develop a model to shed light on the determinants of inflation under dollarization and estimate it for Vietnam in the 1990s using a two-step procedure. During this period, inflation was induced by exchange rate variations and by an excess of broad money. The pape...

in spite of sonic pessimistic attitudes towards methodology of economics, it has succeeded as a central theme in numerous books, refereed journals, international conferences and symposiums whose volume is increasing at an unprecedented rate. the proliferation of methodological literature also is accompanied by a proliferation of issues that concern: the goals of economics, realism of economics,...

Unlike the existing literature on sports betting, which concentrates on arbitrage within a single market, this paper examines inter-market arbitrage by searching for arbitrage opportunities through combining bets at the bookmaker and the exchange market. Using the posted odds of eight different bookmakers and the corresponding odds traded at a well-known bet exchange for 5,478 football matches ...

This paper estimates long-run effects of a collective exchange rate adjustment on multilateral exports from China, Japan, South Korea, and Taiwan. The findings show that a 1 percent generalized appreciation of all East Asian exchange rates would reduce East Asian exports by about 3 per cent. The authors acknowledge helpful comments from Masahiro Kawai of Asian Development Bank Institute (ADBI) ...