Journal of Economics - Obsahy ročníkov

This research analysed decisions under risk and ambiguity on a sample of 539 students of the Bratislava University of Economics. Experiments with bets on Ellsberg paradox and familiar events generated results similar to those obtained by Fox and Tversky in 1995. New findings relate to gender differences in decisions under risk and uncertainty. Female students were more ambiguity averse, if they had felt less competent in area of decision. While bets by male participants were significantly higher in financial topics, gender differences were much lower in bets on linguistic topics.

Clusters of interrelated firms could be an important source of competitive advantage. However, measuring the performance of clusters and firms within clusters is difficult. In this paper we show how the residual income model can be used to measure the performance of clusters and firms within clusters. This is accomplished by separating the performance due to cluster membership from the performance due to firm-specific factors. The model developed should be of particular interest to managers of firms within clusters and the public sector in de-termining appropriate interventions for forming and supporting clusters.

New information and communication technologies, hand-in-hand with glob-alization, formed condition for the creative economy, which is based on human creativity. In science, art and culture fields, where creative economy has its grassroots, represent an important source of growth. This paper is pointing out a new competitive advantage, not just for each corporation but for the whole regions as well. It is describing the importance of creative economy growth and bringing survey of approaches to the creative economy definition, its ranking and measurement efforts, which lately is bringing certain problems, since the creativity is the input and not an output, used (as of now) for field outputs structuring.

Following the institutional part of the economic transition and the legal/po-litical involvement in European integration process, the Central and Eastern European countries (CEEC) must promote their innovation capacity and com-petitiveness through innovative processes and products to attain the real transi-tion. This article analyses fiscal measures with the intention to disclose tax in-centives design of three CEEC being or not being EU Member States – Slovenia, Slovakia and Belarus. We research whether three small open transitional economies pay enough attention to enhancing innovation by tax measures. The results of comparative analyses have shown that three CEEC have chosen differ-ent approaches and models to improve the tax treatment of Research, Develop-ment and Innovation (RDI). The differences are essential.

This paper tests the suitability of Slovakia to join the European Monetary Union based on the international factor (labour and capital) mobility. The analysis involves others optimum currency areas criteria and also others Central and Eastern European countries and European Monetary Union member states as well are included in the sample as a benchmark for a better comparison. The results do not fully confirm the hypothesis that Slovakia already constitutes an optimum monetary union with the rest of the EMU countries; mainly the labour mobility is largely ineffective as adjustment mechanism. But, Slovakia is a open country and its economic and production structures are quite similar to the euro average. This would indicate that Slovakia should not suffer from increased likelihood of asymmetric shocks and that it is a suitable member of the euro area.

Theory of redistribution systems is an application and at the same time extension of Game Theory. It deals with functioning of institutions, establishments, firms and others social systems, in that pay-offs are redistributed in contrast to achievement of individual players. The redistribution is usually allowed by a coalition, formed inside of redistribution system, that disposes of dominance over the pay-offs' redistribution. Redistribution equation describing all possibili-ties of pay-offs' redistribution in Elementary Redistribution System and enabling to create and to test a computerized model of Elementary Redistribution System. Based on that, it is possible to model different types of bargaining, kinds of equi-librium – included Pareto optionality and Nash equilibrium – and in connection with it also chaining of simple redistribution systems into the combined ones.