infonet-economy

The search of optimal structures for social organizations has been an ongoing concern of management science, but reliable answers have not been given. Optimization theory has provided solutions, but these have always addressed very specific organizational problems, not the issue of overall optimality in terms of the fitness of the organization as a whole. In this paper, a new...

L'auteur tente de démontrer l'ambivalence fondamentale du christianisme dans sa manière d'envisager les conflits et de les résoudre. Si la tonalité du message du Christ est en gros susceptible d'être qualifiée de pacifiste, ce n'est de loin pas le cas du christianisme constantinien.

An eastern enlargement of the EU, from an incumbent country point of view, involves a fiscal burden from extending Union agricultural and cohesion policies to new members, coupled with potential gains as well as adjustment problems deriving from an extended customs union and a larger single market. Enlargement is controversial, because the net effect is unclear, a priori, and will...

This paper examines the effects of deficits spending on the Nazi recovery. Although deficits were substantial and full employment was reached within four years, their fiscal impulse was too small to account for the speed of recovery. VAR forecasts of output using fiscal and monetary policy instruments also suggest only a minor role for active policy. Nazi policies deliberately...

This paper investigates some common interest rate models for scenario generation in financial applications of stochastic optimization. We discuss conditions for the underlying distributions of state variables which preserve convexity of value functions in a multistage stochastic program. One- and multi-factor term structure models are estimated based on historical data for the Swiss...