The article provides an overview of the state of the art of sociological research on price formation. The dominant trait of the sociological approach to prices is to understand price formation not as the outcome of individual preferences but as the result of the social and political forces operating within the market field. The article proceeds from the concept of market fields and is organized...

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Most analyses of banking crises assume that banks use real contracts. However, in practice contracts are nominal and this is what is assumed here. We consider a standard banking model with aggregate return risk, aggregate liquidity risk and idiosyncratic liquidity shocks. We show that, with non-contingent nominal deposit contracts, the first-best efficient allocation can be achieved in a decent...

A cross-cultural analysis of trust and cooperation networks in Northern Ghana (NGHA) and Oaxaca (OAX) was carried out by means of ego networks and interviews. These regions were chosen because both are inhabited by several ethnic groups, thus providing a good opportunity to test the cultural group selection hypothesis. Against the predictions of this approach, we found that in both regions coop...

The proper functioning of a machined part is in many instances largely dependent on the quality of its surface. Engineering properties such as fatigue, hardness and heat transfer are affected by surface finish. Several devices have been developed to measure surface roughness (Amstead et al. 1987). The simplest procedure is a visual comparison with an established standard, while the most commonl...

Creating applications that use distributed Grid resources is a complex and time-consuming process. To help developers and end users to create, test and execute this kind of applications, the integrated environment is needed. This paper shows how to develop and execute collaborative applications on the ViroLab virtual laboratory. Furthermore, the collaboration tools which allow to communicate be...

We study Hotelling’s classic duopoly location model in continuous time with flow payoffs accumulated over time and the price dimension made explicit. In an experimental setting, subjects chose price and location in treatments varying only by the speed of adjustment. We find that the principle of minimum differentiation generally holds, with little distance between subjects’ location decisions. ...

Goal preferences indicate intentions to achieve or avoid particular states. We examined whether Curacaoan and Dutch students differ in goal preferences related to school and whether goal preferences are associated with students' evaluation of the classroom climate. Measurement invariance of the instruments was also tested between samples. Participants attended vocational high schools in Curacao...

This paper offers an affectedness-based analysis of the Chinese excessive resultative construction, which typically describes events of affectedness consisting of two participants, a theme participant and a scale participant measuring the degree of affectedness. In such an event, the theme participant is created or affected according to a beforehand prescribed value (e1) on a scale, while the p...