the rule of necessity to respect the principle of good faith in performance of the contract is the result of :union: rights and ethics. good faith in performance of the contract with subjective and objective criteria and using cost-benefit analysis, wealth maximization, game theory, efficiency and welfare standards, leading to the achievement of the objectives set by the parties of contract. la...

The economic world is full of patterns, and one of the most controversial is the distribution of wealth. You might expect the balance between rich and poor to vary widely from country to country. But back in 1897, Vilfredo Pareto discovered a pattern of wealth distribution that appears to be universal. Whenever you double the amount of wealth within a country, the number of people in each succe...

national accounts are descriptors. they describe the state of an economy and form the raw material for both assessing its performance and prescribing policy. national accounts embody information essential for economic evaluation. the framework for national accounts currently in use throughout the world, however, suffers from extreme narrowness. vast quantities of information relevant for econom...

The emergence of the asset economy in advanced capitalist countries has enabled significant accumulation by high‐wealth individuals, and rise finance provided new, profitable investment vehicles for those with investable capital. This process been described as a form compensatory logic to achieve protection from future risks, especially current neoliberal environment governments reducing state ...

In this work, we modify the affine wealth model of distributions to examine effects nonconstant redistribution on very wealthy. Previous studies model, restricted flat schemes, have demonstrated presence a phase transition partially wealth-condensed state, or “partial oligarchy,” at critical value an order parameter. These also indicated exponential tail in distribution precisely criticality. A...

We show that wealth inequality in the UK is high and has increased slightly over past decade as financial asset prices have wake of crisis. But data deficiencies are a major barrier understanding true distribution, composition size household wealth. The most comprehensive survey does good job capturing vast majority but nearly £800 billion held by very wealthiest households missing. also find t...

Purpose: This paper addresses whether and how the Sarbanes-Oxley Act of 2002(SOX) affects shareholder wealth (firm value) by focusing on the trade-off between improved corporate governance leading to a lower cost of capital and increased managerial compliance costs of regulations. Design/Methodology: We use an analytical model of solving the management utility maximization function and the cha...