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The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
This paper is concerned with certain legal consequences of the determination of corporate income tax base. The introductory part analyses the term tax, discusses the constitutional dimensions of taxat...
The article analyzes the main trends in income, tax base and tax deductions for Czech companies in years 1993 – 2012. After an initial survey of the problem, the article describes the issue of nationa...
The Basle II parameter called Loss Given Default (LGD) aims to estimate the expected losses on not yet defaulted accounts in the case of default. Banks firstly need to collect historical recovery data...
We look at a simple financial model of exchange rate determination with investors who have heterogeneous information. The exchange rate can be expressed as a sum of averages of higher order expectat...
Wage Determination and Monetary Policy.
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries.
This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators—Nationa...
This report was commissioned by the Camara de Comercialização de Energia Elétrica (CCEE), the market operator for the Brazilian electricity supply industry, to study the options for shor...
The Determination of Unemployment Benefits.
A Model of Income Distribution Determination in Yugoslavia

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