a r t i c l e i n f o If regional competitiveness is equated to the capacity to attract and preserve investments, then the perception investors have of the region's characteristic is fundamental. This perception is a result of a complex integration of multiple criteria. This paper approaches the analysis of regional competitiveness by techniques of multi-criteria sorting. An ELECTRE-based prefe...

In this paper the authors explore the ability of simple monetary models with bounded rationality to account for the joint distribution of money and prices. They impose restrictions on the size of the mistakes agents can make in equilibrium and argue that countries with high inflation are likely to satisfy these restrictions. Their computations show that the model with bounded rationality does n...

Abstract The best and most popular argument for probabilism is the accuracy-dominance argument, which purports to show that alethic considerations alone support view an agent’s degrees of belief should always obey axioms probability. I argue extant versions face a problem. In order mathematics function as advertised, we must assume every omniscient credence classically consistent; there can be ...

The term competitiveness is widely applied as a catch-all for investor-friendly policies and institutions. This article argues that sloppy applications of the term ignore the possibilities of policy tradeoffs and varieties of institutional choices. Popular conceptualizations of the term describe three discernible clusters of economic policies and institutions. One cluster captures openness to i...

In this paper, analysis is presented relating to the impact of border tax adjustments for climate policy on the international competitiveness of energy-intensive industries, and the related problem of carbon leakage. While many of the economic and legal issues are not particularly new, climate policy does present some possible twists to the analysis of border tax adjustments when vertically-rel...

This paper consists of three sections. Based on subjective certainty, section 1 introduces what the authors term as ordinary rationality, in comparison with the four assumptions for economic rationality. Section 2 briefly distinguishes two levels of hyperbolic phenomenon, prior to and within a certain decision mode. This discussion, while short, functions as a connection between the concept of ...

There is a significant growth of behavior economics in the last decade. The goal of the behavior research is aimed at the deviations from rationality in order to improve the predictive power of economic models. In this paper, attached to the specific auditing process, I want to classify the neglecting relevant information due to judgment by representative which causes the bias, or the error of ...

Ever increasing ecological treats and unlimited, accelerated economic growth shall be evaluated in interaction with each other. In real estate industry investment environment unable to ensure sustainability without conformity of other economic sectors with the criteria of sustainable development. In practice entrepreneurs devoting insufficient attention to the outcome of a construction process,...

This paper assesses the accuracy of individuals’ expectations of their financial circumstances, as reported in the British Household Panel Survey, as predictors of outcomes and identifies what factors influence their reliability. As the data are qualitative bivariate ordered probit models, appropriately identified, are estimated to draw out the differential effect of information on expectations...

Inspired by Fairclough's suggestion of the idea of commodification in higher education, particularly in terms of "the marketization of the discursive practices of universities" (1993, p. 143), the author of the present paper proposes a theoretical basis within which the constitutive functioning of academic discourse in the mentioned process can be understood.  In this attempt, Althusser's chain...