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The rigidity of a matrix A for target rank r is the minimum number of entries of A that must be changed to ensure that the rank of the altered matrix is at most r.
With the approach of agricultural times, it gave birth to “first tidal wave” in management thoughts, which provided one method that changes earth resource to wealth. Industrial revolution promoted and...
FASB recently adopted the economic entity theory for the consolidation of goodwill and non-controlling interests. The proposed economic entity theory recognized the fair value of the acquired compan...
Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings; 4. confusion of inflation and in...
On the Theory of Needs     Theory  Needs       2009/7/23
This text is Čuhel’s own summary of his book Zur Lehre von den Bedürfnissen which was published in 1907 and has never appeared in English. His book has been most frequently quoted in the follow...
This paper analyzes Rothbard’s welfare theory. It differs from other critiques of the theory in that it does not analyze the context of the theory but only its coherency and consistency with the res...
In this paper I show that Austrian trade cycle theory is fully consistent with rational expectations. I also compare and contrast rational expectations with an alternative theory of rationality and ...
SIGN4: The 4th Spain-Italy-Netherlands Meeting on Game Theory.
The 10th Annual Meeting of the Association for Public Economic Theory.
he reform of China’s state-owned enterprises (SOEs) has been characterized by a gradual and selective approach. In fact there was no privatization at all until mid 1990s, some fifteen years after Chin...
Mikhail Ivanovich Tugan-Baranovsky (1865-1919) was one of the pléiade of Russian (Ukrainian) fin-de-siècle economists who made a significant impact not only on Russian but also on world economic and s...
In this article, the contributions of three economists, Takata Yasuma, Shibata Kei, and Aoyama Hideo who taught at the Kyoto University are discussed from the point of view of the development of the g...
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...
This paper studies a Diamond–Dybvig model of providing insurance against unobservable liquidity shocks in the presence of unobservable trades. We show that competitive equilibria are inefficient...
In this paper a type of Heath, Jarrow and Morton (1992) (HJM) based affine model is derived theoretically. This type of affine model is obtained by applying Linear Realization Theory to construct Fini...

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