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  1. Redirection of talent.Miro Brada - manuscript
    The interview with economist William Baumol, published in 2003 in weekly Respekt, deals with alternative activities for talented individuals. If they can't pursue productive activities (technological innovations) they go for rent-seeking activities or activities with negligible social return (e.g. chess). I also present a thesis, that if there is no sophisticated alternative activities, the talent may be redirected into pathological ones: psychopathy, neurosis, paranoia, psychosis... The article was exhibited in Holland Park, W8 6LU, The Ice House between 18. Oct - (...)
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  2. The Normative Standard for Future Discounting.Craig Callender - manuscript
    Exponential discounted utility theory provides the normative standard for future discounting as it is employed throughout the social sciences. Tracing the justification for this standard through economics, philosophy and psychology, I’ll make what I believe is the best case one can for it, showing how a non-arbitrariness assumption and a dominance argument together imply that discounting ought to be exponential. Ultimately, however, I don’t find the case compelling, as I believe it is deeply flawed. Non-exponential temporal discounting is often rational–indeed, (...)
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  3. Bias.Daniel Moseley - forthcoming - In Hugh LaFollette (ed.), The International Encyclopedia of Ethics. Malden, MA, USA: Wiley-Blackwell.
    Following Kahneman and Tversky, I examine the term ‘bias’ as it is used to refer to systematic errors. Given the central role of error in this understanding of bias, it is helpful to consider what it is to err and to distinguish different kinds of error. I identify two main kinds of error, examine ethical issues that pertain to the relation of these types of error, and explain their moral significance. Next, I provide a four-level explanatory framework for understanding biases: (...)
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  4. The very idea of rational irrationality.Spencer Paulson - 2024 - Politics, Philosophy and Economics 23 (1):3-21.
    I am interested in the “rational irrationality hypothesis” about voter behavior. According to this hypothesis, voters regularly vote for policies that are contrary to their interests because the act of voting for them isn’t. Gathering political information is time-consuming and inconvenient. Doing so is unlikely to lead to positive results since one's vote is unlikely to be decisive. However, we have preferences over our political beliefs. We like to see ourselves as members of certain groups (e.g. “rugged individualists”) and being (...)
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  5. The Sure-Thing Principle.Jean Baccelli & Lorenz Hartmann - 2023 - Journal of Mathematical Economics 109 (102915).
    The Sure-Thing Principle famously appears in Savage’s axiomatization of Subjective Expected Utility. Yet Savage introduces it only as an informal, overarching dominance condition motivating his separability postulate P2 and his state-independence postulate P3. Once these axioms are introduced, by and large, he does not discuss the principle any more. In this note, we pick up the analysis of the Sure-Thing Principle where Savage left it. In particular, we show that each of P2 and P3 is equivalent to a dominance condition; (...)
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  6. Algorithmic Nudging: The Need for an Interdisciplinary Oversight.Christian Schmauder, Jurgis Karpus, Maximilian Moll, Bahador Bahrami & Ophelia Deroy - 2023 - Topoi 42 (3):799-807.
    Nudge is a popular public policy tool that harnesses well-known biases in human judgement to subtly guide people’s decisions, often to improve their choices or to achieve some socially desirable outcome. Thanks to recent developments in artificial intelligence (AI) methods new possibilities emerge of how and when our decisions can be nudged. On the one hand, algorithmically personalized nudges have the potential to vastly improve human daily lives. On the other hand, blindly outsourcing the development and implementation of nudges to (...)
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  7. On some antecedents of behavioural economics.Kristian Bondo Hansen & Thomas Presskorn-Thygesen - 2022 - History of the Human Sciences 35 (3-4):58-83.
    Since its inception in the late 1970s, behavioural economics has gone from being an outlier to a widely recognized yet still contested subset of the economic sciences. One of the basic arguments in behavioural economics is that a more realistic psychology ought to inform economic theories. While the history of behavioural economics is often portrayed and articulated as spanning no more than a few decades, the practice of utilizing ideas from psychology to rethink theories of economics is over a century (...)
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  8. Weakness of will. The limitations of revealed preference theory.Aleksander Ostapiuk - 2022 - Acta Oeconomica 1 (72):1-23.
    The phenomenon of weakness of will – not doing what we perceive as the best action – is not recognized by neoclassical economics due to the axiomatic assumptions of the revealed preference theory (RPT) that people do what is best for them. However, present bias shows that people have different preferences over time. As they cannot be compared by the utility measurements, economists need to normatively decide between selves (short- versus long-term preferences). A problem is that neoclassical economists perceive RPT (...)
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  9. Cognitive biases and the predictable perils of the patient‐centric free‐market model of medicine.Michael J. Shaffer - 2022 - Metaphilosophy 53 (4):446-456.
    This paper addresses the recent rise of the use of alternative medicine in Western countries. It offers a novel explanation of that phenomenon in terms of cognitive and economic factors related to the free-market and patient-centric approach to medicine that is currently in place in those countries, in contrast to some alternative explanations of this phenomenon. Moreover, the paper addresses this troubling trend in terms of the serious harms associated with the use of alternative medical modalities. The explanatory theory defended (...)
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  10. Business Strategies of Micro, Small, and Medium Enterprises in Response to the COVID-19 Pandemic.Maria Ilna Tabinas, Angelita Paradero & Leomarich Casinillo - 2022 - Innovative Technology and Management Journal 5 (1):24-37.
    The COVID-19 pandemic health protocols have adversely impacted the economic profit and business operations of micro, small, and medium enterprises (MSMEs). This study aimed to evaluate the business strategies employed by MSMEs as they are facing the public health crisis in Bato, Leyte, Philippines. A random sample of 200 MSMEs were surveyed using a structured questionnaire. Some descriptive statistics and Chi-square test for independence were used to summarize and determine the relationship among variables, respectively. Results showed that dominantly more of (...)
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  11. Забезпечення енергетичної безпеки України в умовах гібридних загроз.Bezpartochnyi Maksym, Igor Britchenko & Bezpartochna Olesia - 2021 - Матеріали ІІ Міжнародної Науково-Практичної Конференції «Управління Та Адміністрування В Умовах Протидії Гібрідним Загрозам Національної Безпеці» 1 (1):222-225.
    Забезпечення енергетичної безпеки України в умовах гібридних загроз.
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  12. Evaluating energy security of the European Union and overcoming current challenges.Bezpartochnyi Maksym, Igor Britchenko & Bezpartochna Olesia - 2021 - In Actual issues of modern development of socioeconomic systems in terms of the COVID-19 pandemic. pp. 419 – 441.
    The European Union (EU) has been experiencing an unprecedented energy crisis for the last 50 years, with severe economic, social and political consequences. Rising energy demand, extreme weather events (unprecedented heat and long winters), disruptions in supply chain and poor regional and global reserves have all contributed to the current energy crisis in the EU. Prices on natural gas in the EU are rising as demand around the world increases. Prices on the gas rose by more than 800 percent year-on-year (...)
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  13. The past of predicting the future: A review of the multidisciplinary history of affective forecasting.Maya A. Pilin - 2021 - History of the Human Sciences 34 (3-4):290-306.
    Affective forecasting refers to the ability to predict future emotions, a skill that is essential to making decisions on a daily basis. Studies of the concept have determined that individuals are often inaccurate in making such affective forecasts. However, the mechanisms of these errors are not yet clear. In order to better understand why affective forecasting errors occur, this article seeks to trace the theoretical roots of this theory with a focus on its multidisciplinary history. The roots of affective forecasting (...)
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  14. The Ethics of Climate Nudges: Central Issues for Applying Choice Architecture Interventions to Climate Policy.Helena Siipi & Polaris Koi - 2021 - European Journal of Risk Regulation.
    While nudging has garnered plenty of interdisciplinary attention, the ethics of applying it to climate policy has been little discussed. However, not all ethical considerations surrounding nudging are straightforward to apply to climate nudges. In this article, we overview the state of the debate on the ethics of nudging and highlight themes that are either specific to or particularly important for climate nudges. These include: the justification of nudges that are not self-regarding; how to account for climate change denialists; transparency; (...)
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  15. Reciprocity and the Art of Behavioural Public Policy, Adam Oliver. Cambridge University Press, 2019, xvii + 194 pages. - Escaping Paternalism: Rationality, Behavioural Economics and Public Policy, Mario J. Rizzo and Glen Whitman. Cambridge University Press, 2020, xii + 496 pages. [REVIEW]Robert Sugden - 2021 - Economics and Philosophy 37 (1):139-144.
  16. On the possibility of an anti-paternalist behavioural welfare economics.Johanna Thoma - 2021 - Journal of Economic Methodology 28 (4):350-363.
    Behavioural economics has taught us that human agents don't always display consistent, context-independent and stable preferences in their choice behaviour. Can we nevertheless do welfare economics...
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  17. Actual issues of modern development of socio-economic systems in terms of the COVID-19 pandemic.Grigorii Vazov (ed.) - 2021 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The entire world community, since 2019, affected by the global pandemic COVID-19. The pandemic caused by this virus, led not only to significant human losses worldwide, but also imposed significant restrictions on the socio-cultural life of the population and radically changed the trends of the global economy and the further functioning of socio-economic systems. Now, huge economic losses have been recorded, which affected almost all sectors of the national economy and the state in the short, medium and long term. However, (...)
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  18. Pandemic Economic Crisis: Changes and New Challenges to Society: scientific monograph.Maksym Bezpartochnyi (ed.) - 2020 - Sofia, Bułgaria: VUZF Publishing House “St. Grigorii Bogoslov”.
    The current economic crisis caused by the COVID-19 pandemic has created new changes and challenges for society, which has led to a deeper identification of pressing problems and to develop strategies and models for overcoming crises in various countries, industries and businesses. The formation and improvement of modern strategies and models of crisis management is impossible without optimizing the resources of economic entities, providing assistance at various levels of government to support priority sectors of the economy, finding additional sources of (...)
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  19. Optimization of commodity stocks enterprise by means of HML-FRM clustering.Igor Britchenko & Maksym Bezpartochnyi - 2020 - Financial and Credit Activity: Problems of Theory and Practice 3 (34(2020)):259-269.
    The article examines the process of formation inventory of the enterprise and determines the optimal volume of commodity resources for sale. A generalization of author’s approaches to the formation and evaluation of inventories of the enterprise is carried out. The marketing-logistic approach was applied for the purpose of distribution groups of commodity resources due to the risk of non-fulfillment the order for the supply of goods of the enterprise. In order to ensure an effective process of commodity provision of the (...)
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  20. Pandemic economic crisis: essence, reasons, comparative characteristics, opportunities.Igor Britchenko & Maksym Bezpartochnyi - 2020 - In M. Bezpartochnyi (ed.), New trends in the economic systems management in the context of modern global challenges.
    Before pandemic the world economy had a pre-crisis situation which was characterized by unprecedented imbalances in the global financial and economic system, the lack of growth in world GDP, which posed a real threat to the world economic order. Almost all global analysts predicted a global economic crisis at the end of 2019. For the first time since time immemorial, bank interest rates in all countries have dropped to unprecedented low levels. Often interest rates were 0% or even negative. The (...)
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  21. Lessons to be learned from Ukraine's positioning in international rankings: the need for institutional support and financial support for economic creativity/Igor Britchenko, Irena Svydruk, Yurii Pidlypnyi, Oleksandr P. Krupskyi//Management issues, Volume 18, No 4(90), 2020. – P. 125 - 146.Igor Britchenko, Irena Svydruk, Yurii Pidlypnyi & Oleksandr P. Krupskyi - 2020 - Management Issues 18 (4(90)):125 - 146.
    Purpose: To develop proposals on the directions of institutional support for the processes of creativity of the Ukrainian economy. Design/methodology/approach: The analysis of trends in the creativity of the Ukrainian economy is carried out and proposals are developed for conceptualizing institutional support for these processes. The authors set out to develop proposals for institutional support for creativity processes and offer recommendations for systematic updating of Ukrainian legislation in the areas of state regulation of high-tech business. The information base was the (...)
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  22. The Ethics and Applications of Nudges.Valerie Joly Chock - 2020 - PANDION: The Osprey Journal of Research and Ideas 1 (2).
    Nudging is the idea that people’s decisions should be influenced in predictable, non-coercive ways by making changes to the way that options are presented to them. Central to the debate about nudging is the question of whether it is morally permissible to intentionally nudge others. Libertarian paternalists maintain that this can be the case. In this paper, I present the libertarian paternalistic criteria for the moral permissibility of intentional nudges. Having done this, I motivate two objections. The first one targets (...)
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  23. Value Commitment, Resolute Choice, and the Normative Foundations of Behavioural Welfare Economics.C. Tyler DesRoches - 2020 - Journal of Applied Philosophy 37 (4):562-577.
    Given the endowment effect, the role of attention in decision-making, and the framing effect, most behavioral economists agree that it would be a mistake to accept the satisfaction of revealed preferences as the normative criterion of choice. Some have suggested that what makes agents better off is not the satisfaction of revealed preferences, but ‘true’ preferences, which may not always be observed through choice. While such preferences may appear to be an improvement over revealed preferences, some philosophers of economics have (...)
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  24. BLOG: Which Option is Best for Me? A Values-Based Proposal for Behavioral Economists.C. Tyler DesRoches - 2020 - Justice Everywhere: A Blog About Philosophy in Public Affairs.
  25. Nudging and Autonomy: Analyzing and Alleviating the Worries.Bart Engelen & Thomas Nys - 2020 - Review of Philosophy and Psychology 11 (1):137-156.
    One of the most pervasive criticisms of nudges has been the claim that they violate, undermine or decrease people’s autonomy. This claim, however, is seldom backed up by an explicit and detailed conception of autonomy. In this paper, we aim to do three things. First, we want to clear up some conceptual confusion by distinguishing the different conceptions used by Cass Sunstein and his critics in order to get clear on how they conceive of autonomy. Second, we want to add (...)
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  26. Holding back from theory: limits and methodological alternatives of randomized field experiments in development economics.Judith Favereau & Michiru Nagatsu - 2020 - Journal of Economic Methodology 27 (3):191-211.
    In this paper, we critically and constructively examine the methodology of evidence-based development economics, which deploys randomized field experiments as its main tool. We describe the...
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  27. Capitalism After Covid: How the pandemic might inspire a more virtuous economy.Julian Friedland - 2020 - The Philosophers' Magazine 2 (89):12-15.
    Today, dramatically increasing economic inequality, imminent climatological calamity, and a global pandemic now place the timeless debate over capitalism into stark relief. Though many seek to pin the blame on capitalism’s excesses, they would do well to recall the historical record of socialism’s deficiencies, namely, stifling innovation, lumbering inefficiency, and stagnation. Fortunately, our moral psychology affords a middle way between these two extremes. For while economic incentives have a tendency to let our civic and prosocial impulses atrophy from disuse, these (...)
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  28. The Moral Permissibility of Nudges.Valerie Joly Chock - 2020 - Florida Philosophical Review 19 (1):33-47.
    Nudging is the idea that people’s decisions and behaviors can be influenced in predictable, non-coercive ways by making small changes to the choice architecture. In this paper, I differentiate between type-1 nudges and type-2 nudges according to the thinking processes involved in each. With this distinction in hand, I present the libertarian paternalistic criteria for the moral permissibility of intentional nudges. Having done this, I motivate an objection to type-1 nudges. According to this objection, type-1 nudges do not appear to (...)
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  29. Actionable Consequences: Reconstruction, Therapy, and the Remainder of Social Science.Lawrence Marcelle & Brendan Hogan - 2020 - Journal of Speculative Philosophy 34 (1):97-112.
    John Dewey and Ludwig Wittgenstein offer devastating critiques of the dominant model of human action that each inherited in their own time. Dewey, very early in his philosophical career, ostensibly put the stimulus–response mechanical understanding of action to rest with his “reflex-arc” concept article. Wittgenstein famously redescribed action as moves within language games that interconnect to constitute an interpretively open-ended form of life. In each case, these fundamental insights serve as heuristics, guiding our intellectual activity with regard to understanding our (...)
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  30. Reciprocity and its Role in Economic Cooperation.Pedro McDade - 2020 - Dissertation, University of Warwick
    Reciprocity is ubiquitous in our lives, both as a way of rewarding and punishing others. Consequently, the social sciences have devoted many studies to this phenomenon. However, the concept of 'reciprocity' is quite polyvalent, and is used in many different ways across different disciplines - a situation potentially prone to equivocation, which hinders fruitful interdisciplinary work. At the same time, although philosophers often invoke 'reciprocity' in their work, there is a lack of conceptual clarification about what reciprocity actually means - (...)
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  31. Two Strands of Field Experiments in Economics: A Historical-Methodological Analysis.Michiru Nagatsu & Judith Favereau - 2020 - Philosophy of the Social Sciences 50 (1):45-77.
    While the history and methodology of laboratory experiments in economics have been extensively studied by philosophers, those of field experiments have not attracted much attention until recently. What is the historical context in which field experiments have been advocated? And what are the methodological rationales for conducting experiments in the field as opposed to in the lab? This article addresses these questions by combining historical and methodological perspectives. In terms of history, we show that the movement toward field experiments in (...)
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  32. The Self According to Others: Explaining Social Preferences with Social Approbation.Oswin Kruger Ruiz - 2020 - Economic Thought 9 (2):38.
    In past decades, significant work in behavioural economics has decisively revealed the limitations of the human agency model known as Homo Economicus, whereby humans are purely driven by material self-interest. These behavioural findings are, however, far from integrated in mainstream economic theory, which builds heavily on the neoclassical tradition. Unbeknown to modern economics, Bernard Mandeville and Adam Smith already proposed a richer model of human agency in which choices also depend on the desire for social approbation. The social approbation mechanism (...)
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  33. Moral Hazard, the Savage Framework, and State-Dependent Utility.Jean Baccelli - 2019 - Erkenntnis 86 (2):367-387.
    In this paper, I investigate the betting behavior of a decision-maker who can influence the likelihood of the events upon which she is betting. In decision theory, this is best known as a situation of moral hazard. Focusing on a particularly simple case, I sketch the first systematic analysis of moral hazard in the canonical Savage framework. From the results of this analysis, I draw two philosophical conclusions. First, from an observational and a descriptive point of view, there need to (...)
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  34. Potential of Sustainable Regional Development in View of Smart Specialisation/Igor Britchenko, Tetiana Romanchenko, Oleksandr Hladkyi//Списание «Икономически изследвания (Economic Studies)». – Институт за икономически изследвания при БАН, София (България). – № 6. – Volume 28, Issue 6 - 2019. – P. 88 - 110. ISSN 02053292.Igor Britchenko, Tetiana Romanchenko & Oleksandr Hladkyi - 2019 - Списание «Икономически Изследвания (Economic Studies)» 28 (6):88 - 110.
    Potential of sustainable regional development is studied through demographic, economic, social, socio-cultural and ecological indicators in order to determine the strategy development areas of regional SMART specialisation on the example of Cherkasy oblast (the central region of Ukraine).Cherkasy oblast was selected for the study because it is one of the pilot regions for the implementation of the SMART specialisation strategies. The following methods were used in the course of the study: the system-structure analysis, comparative-geographic method, mapping (GIS – MapInfo Professional, (...)
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  35. Blockchain Technology in the Fiscal Process of Ukraine/I. Britchenko, T. Cherniavska//Списание «Икономически изследвания (Economic Studies)». – Институт за икономически изследвания при БАН, София (България). – Volume 28, Issue 5 – 2019. – P. 134-148. ISSN 02053292.Igor Britchenko & Cherniavska Tetiana - 2019 - Списание «Икономически Изследвания (Economic Studies)» 28 (5):134-148.
    The problem of corruption in Ukraine has been examined, as well as Blockchain technology application feasibility in combating the phenomenon has been analyzed in the article. Blockchain instrumental features and properties, making the technology unique and determining its potential applications in many sectors of the economy, have been covered with much attention. The authors have analyzed both advantages and obstacles for a distributed data registry implementation. Analysis of benchmarks and application of the best practices of Blockchain technology in the public (...)
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  36. From Homo-economicus to Homo-virtus: A System-Theoretic Model for Raising Moral Self-Awareness.Julian Friedland & Benjamin M. Cole - 2019 - Journal of Business Ethics 155 (1):191-205.
    There is growing concern that a global economic system fueled predominately by financial incentives may not maximize human flourishing and social welfare externalities. If so, this presents a challenge of how to get economic actors to adopt a more virtuous motivational mindset. Relying on historical, psychological, and philosophical research, we show how such a mindset can be instilled. First, we demonstrate that historically, financial self-interest has never in fact been the only guiding motive behind free markets, but that markets themselves (...)
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  37. Evidence-Based Policy: The Tension Between the Epistemic and the Normative.Donal Khosrowi & Julian Reiss - 2019 - Critical Review: A Journal of Politics and Society 31 (2):179-197.
    Acceding to the demand that public policy should be based on “the best available evidence” can come at significant moral cost. Important policy questions cannot be addressed using “the best available evidence” as defined by the evidence-based policy paradigm; the paradigm can change the meaning of questions so that they can be addressed using the preferred kind of evidence; and important evidence that does not meet the standard defined by the paradigm can get ignored. We illustrate these problems in three (...)
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  38. Introduction to symposium.Magdalena Małecka & Michiru Nagatsu - 2019 - Journal of Economic Methodology 26 (3):177-178.
  39. Моделі споживання коміксів як варіант постмодерністської соціально-економічної комунікації.Tatyana Pavlova, Roman Pavlov & Oksana Levkovich - 2019 - In Управління розвитком суб'єктів підприємництва в умовах викликів ХХІ століття. Днипро, Днепропетровская область, Украина, 49000: pp. 313-324.
    Авторами розглянуті умови соціалізації споживання коміксів у мікросоціальному масштабі, що дає змогу описати особливості формування та розвитку різноманітних поведінкових моделей попиту на даний продукт сучасної культури. Запропоновано доповнити сегментацію споживачів коміксів такими критеріями як схильність до домінантного формату читання та потенційні умови перегляду домінантного формату читання. Ключові слова: комікс, варіативність моделей споживання, суспільство, постмодернізм, соціальна комунікація. -/- Авторами рассмотрены условия социализации потребления комиксов в микросоциальном масштабе, что позволяет описать особенности формирования и развития разнообразных поведенческих моделей спроса на данный продукт современной (...)
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  40. Uncertainty, ‘irrational exuberance’ and the psychology of bubbles: an argument over the legitimacy of financial regulation for bounded rational agents.Ramiro Ávila Peres - 2019
    One of the explanations for the Great Crisis of 2007-2008 was that financial authorities should have issued stricter regulations to prevent the housing bubble. However, according to Alan Greenspan, President of the Federal Reserve System (FED) from 1987 to 2006, this is to judge with hindsight. No one can guess when a “bubble” begins, nor when it ends; they happen because of the “irrational exuberance” in investors’ behavior, which causes boom and bust cycles. Regulators are not in a better situation (...)
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  41. Ekonomia altruizmu – o racjonalności zachowań prospołecznych.Magdalena Adamus - 2018 - Diametros 57:1-22.
    This paper presents considerations on altruism and prosocial behaviour formulated on the basis of some experiments with the ultimatum game. In the first part it will discuss relations between expected utility theories, the characteristics of homo oeconomicus and a modern understanding of altruism. It will focus in particular on conceptual differences, indicating that we can find more than one definition of altruism in modern literature. The second part of the text will provide an overview of selected behavioural theories of prosocial (...)
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  42. The Comparison of Efficiency and Performance of Portuguese and Ukrainian Enterprises.Igor Britchenko, Ana Paula Monte, Igor Kryvovyazyuk & Lidiia Kryvoviaziuk - 2018 - Списание «Икономически Изследвания (Economic Studies)» 1:87-108.
    This article intends to analyze the performance and the efficiency of companies and to identify the key factors that may explain it. It was selected a sample with 15 enterprises: 7 Portuguese and 8 Ukrainian ones, belonging to several industries. Financial and non-financial data was collected for 6 years, during the period of 2009 to 2014. Research questions that guided this work were: Are the enterprises efficient/profitable? What factors influence enterprises’ efficiency/performance? Is there any difference between Ukrainian and Portuguese enterprises’ (...)
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  43. Restoring trustworthiness in the financial system: Norms, behaviour and governance.Aisling Crean, Natalie Gold, David Vines & Annie Williamson - 2018 - Journal of the British Academy 6 (S1):131-155.
    Abstract: We examine how trustworthy behaviour can be achieved in the financial sector. The task is to ensure that firms are motivated to pursue long-term interests of customers rather than pursuing short-term profits. Firms’ self-interested pursuit of reputation, combined with regulation, is often not sufficient to ensure that this happens. We argue that trustworthy behaviour requires that at least some actors show a concern for the wellbeing of clients, or a respect for imposed standards, and that the behaviour of these (...)
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  44. Implementation of ICO European best practices by SMEs.Alla Ivashchenko, Yevheniia Polishchuk & Igor Britchenko - 2018 - Economic Annals-XXI 169 (1-2):67-71.
    The article deals with a new financial tool of attracting capital, known as Initial Coin Offering (ICO). In conditions of reduced banking lending and difficult access to finance for SMEs, ICO is viewed to be one of the possible ways to access capital. It considers the main advantages and disadvantages of ICO performance, including its typical features, challenges and regulatory approaches to tax regulation, cybersecurity. The authors of the article determine stages of the ICO mechanism, identifying potential risks and ways (...)
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  45. International experience of integration of tourism and hospitality enterprises.Oleksandr Krupskyi & Yevheniia Stesenko - 2018 - Economics: Time Realities. Scientific Journal 37 (3):61-67.
    The article analyzes and presents the results of international experience of integration development in the field of tourism and hospitality, modern and efficient methods of integration in the field of tourism. The effective ways of realization of integration development programs at tourist enterprises and hotel chains are determined. The main objectives of integration processes in the field of tourism are also defined. The analysis of the most famous multinational tour operators and the largest hotel chains in the world in the (...)
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  46. Reputation risks, value of losses and financial sustainability of commercial banks.Natalia Kunitsyna, Igor Britchenko & Igor Kunitsyn - 2018 - Entrepreneurship and Sustainability Issues 5 (4):943-955.
    Currently, under the conditions of permanent financial risks that hamper the sustainable economic growth in the financial sector, the development of evaluation and risk management methods both regulated by Basel II and III and others seem to be of special importance. The reputation risk is one of significant risks affecting reliability and credibility of commercial banks. The importance of reputation risk management and the quality of their assessment remain relevant as the probability of decrease in or loss of business reputation (...)
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  47. Rethinking Nudge: Not One But Three Concepts.Philippe Mongin & Mikael Cozic - 2018 - Behavioural Public Policy 2:107-124.
    Nudge is a concept of policy intervention that originates in Thaler and Sunstein's (2008) popular eponymous book. Following their own hints, we distinguish three properties of nudge interventions: they redirect individual choices by only slightly altering choice conditions (here nudge 1), they use rationality failures instrumentally (here nudge 2), and they alleviate the unfavourable effects of these failures (here nudge 3). We explore each property in semantic detail and show that no entailment relation holds between them. This calls into question (...)
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  48. The perception movement economy of Ukraine to business/Igor Britchenko, Volodymyr Saienko//Списание «Икономически изследвания (Economic Studies)». – Институт за икономически изследвания при БАН, София (България). – № 4. – 2017. – P. 163 - 181. ISSN 02053292.Igor Britchenko & Volodymyr Saienko - 2017 - Списание «Икономически Изследвания (Economic Studies)» 4 (4):163 - 181.
    The article provides the analysis of the entrance into the innovative activity and organized regulation of interaction which is based on the scientific and technological changes, concentration of production and the feasibility study of administrative decisions, which are dominated by a conglomerate of technical, technological and engineering management decisions. The research formulates the provisions for the productive use of business as the form of economic relations which is based on the entrepreneur function. These provisions are formulated basing on the conditions (...)
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  49. Against Neuroscience Imperialism.Roberto Fumagalli - 2017 - In Uskali Mäki, Adrian Walsh & Manuela Fernández Pinto (eds.), Scientific Imperialism: Exploring the Boundaries of Interdisciplinarity. pp. 205-223.
    In recent years, several authors advocated neuroscience imperialism, an instance of scientific imperialism whereby neuroscience methods and findings are systematically applied to model and explain phenomena investigated by other disciplines. Calls for neuroscience imperialism target a wide range of disciplines, including psychology, economics, and philosophy. To date, however, neuroscience imperialism has not received detailed attention by philosophers, and the debate concerning its identification and normative assessment is relatively underdeveloped. In this paper, I aim to remedy this situation by making some (...)
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  50. Road transport system in Southeast Asia; problems and economic solutions.Maynard Clark, Sara Kaffashi & Mad Nasir Shamsudin - 2016 - Current World Environment 11 (1):10-19.
    In Southeast Asian countries (SEA), road transport accounts for the main energy consumption and CO2 emission. Air pollution is a major concern in densely populated cities such as Bangkok, Manila, and Kuala Lumpur. The main objective of this paper is to give insights on trends of transport development, car ownership, and CO2 emissions in Southeast Asia. This study also attempts to review the successful transportation policies around the globe and to introduce the possible instruments that can help reduce air pollution (...)
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