Essays in organization formation and decision making

This thesis consists of three essays in microeconomic theory. The first two are about the formation of organizations, and the third is about individual or organizational decision making in ambiguous settings. In the first essay I explore the implications of costs associated with binding agreements on equilibrium agreement structures. Establishing binding agreements is often costly in real world economies. These contracting costs are usually regarded as harmful by economists as the costs decrease the gains from cooperation. They affect which agreements form by changing the incentives of agents, potentially prevent the establishment of efficient contracts. Using an alternating offers bargaining model of coalition formation I show that the presence of transaction costs can lead to an efficient outcome in situations where inefficiency arises in equilibrium without these costs. These results provide new insights for policies targeting transaction costs. There are many situations in Economics and Political Science that involve limited possibilities for firms or parties to organize themselves into groups, mostly due to regulatory restrictions. In addition, in these settings the surplus of a given group often depends on the organizational structures formed outside of the group. The second essay introduces a coalition formation model that is able to analyze markets with both restricted cooperation and externalities across coalitions. This concept allows a more realistic modeling, opening the possibility to use this framework to analyze the welfare effects of mergers. In the third essay I propose a new model of decision making under uncertainty with multiple priors that is, unlike the well-known model of Gilboa and Schmeidler (1989), able to express attitude towards ambiguity. In addition, the decision does not necessarily depend on the two extreme (worst case and best case) priors as in the model of Ghirardato et al. (2001). I use choice correspondences by lexicographic semiorders that are generalizations of the choice functions defined in Manzini and Mariotti (2012). I also provide a method constructing lexicographic semiorders for choosing from ambiguous acts

Generalized type spaces

Ordinary type spaces (Heifetz and Samet, 1998) are essential ingredients of incomplete information games. With ordinary type spaces one can grab the notions of beliefs, belief hierarchies and common prior etc. However, ordinary type spaces cannot handle the notions of finite belief hierarchy and unawareness among others. In this paper we consider a generalization of ordinary type spaces, and introduce the so called generalized type spaces which can grab all notions ordinary type spaces can and more, finite belief hierarchies and unawareness among others. We also demonstrate that the universal generalized type space exists

Generalized type spaces

Ordinary type spaces (Heifetz and Samet, 1998) are essential ingredients of incomplete information games. With ordinary type spaces one can grab the notions of beliefs, belief hierarchies and common prior etc. However, ordinary type spaces cannot handle the notions of finite belief hierarchy and unawareness among others. In this paper we consider a generalization of ordinary type spaces, and introduce the so called generalized type spaces which can grab all notions ordinary type spaces can and more, finite belief hierarchies and unawareness among others. We also demonstrate that the universal generalized type space exists

Optimised selenium enrichment of Artemia Sp. Feed to improve red drum (Sciaenops Ocellatus) larvae rearing

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Optimised selenium enrichment of Artemia sp. feed to improve red drum (Sciaenops ocellatus) larvae rearing

Selenium is an essential microelement for the normal functioning of life processes. Moreover, it is a component of enzymes with antioxidant effects. However, it has the smallest window of any micronutrient between requirement and toxicity. Selenium is a regularly used element in fish feeds; moreover, enriching zooplankton with selenium to rear larvae is also a well-known technology. It is accepted that the most common starter foods of fish larvae, natural rotifers contain the smallest dosage of selenium, but providing selenium enriched Artemia sp. instead could increase survival and growth rate of fish. However, no such references are available for the red drum (Sciaenops ocellatus) larvae. Therefore, in this study, Artemia sp. was enriched with nano-selenium of verified low toxicity and easy availability in 5 treatments (1, 5, 10, 50, 100 mg/l Se), and then, fish larvae were fed with four of these enriched Artemia stocks (1, 5, 10, 50 mg/l Se) and a control group. At the end of the 9-day-long experiment, survival rate (S) and growth parameters (SL, W, K-factor, SGR) of fish larvae were calculated as well as their selenium retention and glutathione peroxidase enzyme activity were analysed. It was revealed that a moderate level of selenium enrichment (~4 mg/kg dry matter) of Artemia sp. positively influences the rearing efficiency (i.e. survival and growth) of fish larvae, but higher dosages of selenium could cause adverse effects

A gyakorló coaching projekt bemutatása és értékelése

INST: L_135A dolgozat egy hat alkalmas coaching ülést követ végig. Tartalmazza az ügyfél leírását, a kapcsolatfelvételt, egy rövid elméleti részt, a kémiai beszélgetést, a háromszög megbeszéléseket, a 6 alkalmat és az ehhez kapcsolódó önreflexiókat, illetve a dolgozat vége kitekintő következtetéseket próbál levonni