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…

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…

The article reveals economy competitiveness and knowledge-based economy questions and the basis of information and communication technologies influence on this.  Methods and competitiveness estimation are presented. The work contains the methods of competitiveness estimation; researching of competitiveness level, human development…

Business engineering process improvement is required because of the complexity of production and changing markets. Therefore, a multi-level-model is being developed by which it is possible to examine not only the enterprise level of the business processes, but also the…

I would imagine that this year will be one of great change for many readers.  We have become used to the constant change of technology: hardware, software, networking, and new and different applications of graphics in almost every profession.  But…

"PUBLISH or PERISH"   We in academia have all been subject to the doctrine of "publish or perish".  It is a mist for promotion and tenure.  If you don't find a research area (preferably funded by grants) and write prolifically…

To assess, analyse and control complex processes and phenomena, the knowledge of their inherent structure is needed. The structures describing it are hierarchical because there is a subordinating relationship between their elements and groups of elements. The formation of the…

The article examines the development possibilities of personal financial investments and the importance to induce those investments in Lithuania. The links between personal finance, financial assets and personal financial investments are analyzed. The development of Lithuanian stock market is reviewed…