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…

This paper offers an explanation of rationally contracts where incompeteness refers to unforeseen contingencies. Agents enter a relationship with two-sided moral hazard in which a commitment to discard parts of the joint resources may be ex ante efficient.

Se establece una diferencia entre las características substantivas de la universidad y sus atributos autonómico y democrático, en el entendido de que la institución es primero "universidad", con sus actividades de docencia, investigación y extensión, y sólo luego, autónoma y…

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…

A sustainable energy supply is arguably one of the most pressing problems facing
society today, so there is a huge demand for clean energy technologies. Photocatalytic
water splitting, the disassociation of water into H2 and O2 in the presence of…

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…

Dans une époque de changements des moyens de représentation et communication en architecture, cette recherche porte sur l’enseignement de la conception architecturale et plus spécifiquement sur l’apport que l’informatique pourrait avoir dans ce processus. En nous basant sur une méthodologie…

Dado un conjunto de agentes con una base previa de conocimiento, se desea saber cómo el nuevo conocimiento afecta a todos los agentes. Para modelar el nuevo conocimiento, se utilizóla lógica booleana, expresada mediante clausulas 2CNF, para reducir la complejidad.…

Two main currents are clearly discernible in the Islamization of Knowledge literature regarding social science scholarship and its potential for use as a possible source of knowledge in the Islamization scheme. On the one hand, we have those who would…