Experimental evidence has consistently confirmed the ability of uninformed traders, even novices, to infer information from the trading process. After contrasting brain activation in subjects watching markets with and without insiders, we hypothesize that ...
The allocation of resources for research is increasingly based on so-called ‘bibliometrics’. Scientists arenow deemed to be successful on the sole condition that their work be abundantly cited. This world-wide trendappears to enjoy support not only by gran ...
This proposal focuses on the firms’ political capabilities as the major determinant to effectiveness of their nonmarket strategy. The term “nonmarket strategy” is relatively young and was primarily coined by Baron (1995) referring to the fact that a firm h ...
The existence of the growth optimal portfolio (GOP), also known as the Kelly portfolio, is vital for a financial market to be meaningful. The GOP, if it exists, is uniquely determined by the market parameters of the primary security accounts. However, mark ...
The Internet, a classic Schumpeterian innovation, has profoundly altered our lives and influenced the ways we do business. It is now widely accepted by policy makers, scholars, and enterprises that the Internet and related information technologies are the ...
The electricity markets worldwide have distinctive particularities due to some political and historical reasons. However, principal guidelines of market design remain very similar. The main feature of deregulation is to introduce a competition into the gen ...