In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business before knowing the demand for his product. The unit profit of operation is known with certainty but there is no…

This article explores the experiences of mid-career, older faculty mem- bers in higher education through a qualitative study of 20 associate pro- fessors (15 men and 5 women) between the ages of 41 and 59 at a Canadian university. The…

We instillate rational cognition and learning in seemingly riskless choices and judgments. Preferences and possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference reversals and passes a sharp econometric test of the…

The paper investigates the pricing of derivative securities with calendar-time maturities.

In the presence of moral hazard, received agency theory predicts the Marshallian inefficiency of agricultural tenancy contracts, meaning that inputs per hectare on sharecropped land will differ from that on owned land. in this paper, we test for the presence…

The authors of this article established the goal to provide a research of the innovative knowledge usage situation in the practice, to analyse origin and concept of innovative knowledge, and to foresee the ways how to develop this phenomenon to…

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