Industrial production is an important indicator of future trends in each of the economy including the Croatian economy. On the other hand, as a preceding factor of the economy dynamics changes, the equity indices of the capital market can be used. Due to different considerations and interpretations of their mutual initial causation, the paper analyzes the interdependence between the main index ...

The fuzzy core was introduced by Aubin (1979) as the set of allocations of a pure exchange economy that are robust to blockings by all fuzzy coalitions. To interpret a fuzzy coalition, one thinks of an economy as being comprised of several types of agents, with each type being represented by a continuum of identical individuals. The fuzzy coalition then specifies the number (the mass) of the pa...

We study multi-period equilibrium asset pricing in an economy with EZ-agents whose preferences for consumption are represented by recursive utility and with LAagents who experience additional utility of trading gains and losses and are averse to losses. We propose an equilibrium gain-loss ratio for stocks and show that the LAagents hold less (more) stocks than the EZ-agents if and only if the L...

In an 8-week period, there were 16 shootings with three fatalities, three stabbings, and 14 additional "aggravated assaults" in the four square blocks surrounding our field site in the Puerto Rican corner of North Philadelphia. In the aftermath of the shoot-outs, the drug sellers operating on our block were forced to close down their operations by several mothers who repeatedly called the polic...

In 1991, Ballard [2] described the implications of having a visual system that could actively position the camera in response to physical stimuli. In humanoid robotic systems, or in any animate vision system that interacts with people, social dynamics provide additional levels of constraint and provide additional opportunities for processing economy. In this paper, we describe an integrated vis...

The article discusses the importance of two-way online rating systems as one of the pillars of the sharing-economy, transforming strangers into trustable providers and customers. The article ́s objective is to apply the concepts and practice based lens developed by Orlikowski and Scott (2014) to a two-way rating system by adding the provider evaluation of their clients. The article also explores...

Background: The notion of smart city has grown popular over the past few years. It embraces several dimensions depending on the meaning of the word “smart” and benefits from innovative applications of new kinds of information and communications technology to support communal sharing. Methods: By relying on prior literature, this paper proposes a conceptual framework with three dimensions: (1) h...

This work examines the impact of German sources of capital on the Namibian economy. Two sets of equations are tested. The first set tests the effect that German development assistance and German capital goods have had on domestic GDP. The second set tests the effect of German development assistance on the Namibian government’s capital formation outlays. The German independent variables are subs...

We empirically analyze the competitive benefits of sharing economy services to understand why people participate in the sharing economy. We employ the social exchange theory to examine the participation intention in sharing over owning. We emphasize on the importance of service platform as a trusted third party and its influence on reducing the perceived risk of sharing economy. The research mo...