Corvinus Economics Working Papers

Chief editor:

Attila Tasnádi
(Department of Mathematics, full professor)
attila.tasnadi@uni-corvinus.hu

Editorial board:

Péter Csóka
(Department of Finance, full professor, MTA-KRTK Game Theory research group, associate research fellow)
peter.csoka@uni-corvinus.hu

Mária Csutora
(Department of Logistics and Supply Chain Management, full professor)
maria.csutora@uni-corvinus.hu

Zsolt Darvas
(Institute of Economics, senior research fellow)
zsolt.darvas@uni-corvinus.hu

György Hajnal
(Institute of Economics and Public Policy, head of institute, associate professor)
gyorgy.hajnal@uni-corvinus.hu

Tibor Illés
(CIAS Corvinus Center for Operations Research, research centre leader)
tibor.illes@uni-corvinus.hu

Zsuzsanna Nagy
(University Library, director general)
zsuzsanna.nagy@uni-corvinus.hu

Balázs Szent-Iványi
(Institute of International, Political and Regional Studies, associate professor)
balazs.szentivanyi@uni-corvinus.hu

Contact:
Corvinus Economics Working Papers
1093 Budapest, Fővám tér 8.
cewp@uni-corvinus.hu

We ask the authors to send their manuscripts to the editorial board’s address or to the editorial member who represents the field closest to the topic. After reading and accepting the manuscript and receiving the Copyright notice completed by the author, the appointed editorial member will forward the manuscript to the Corvinus Research repository editors. Manuscripts unsuitable in terms of content or language will be sent back to the author by the editorial board, with a short explanation.

To get published, authors should keep to the following formal requirements:

In the case of acceptance, the editors of the repository will provide the manuscript with a standard cover sheet and the work will be published in Corvinus Research and the RePEc.

2024/03:
Darvay, Zsolt and E. Nagy, Marianna and Lesaja, Goran and Rigó, Petra Renáta and Varga, Anita:
Comprehensive Analysis of Kernel-Based Interior-Point Methods for P_* (κ) – LCP

2024/02:
Váry, Miklós:
Was There a Fiscal Free Lunch in Hungary between 1999–2019?

2024/01:
E. Nagy, Marianna and Varga, Anita:
A long-step interior point framework and a related function class for linear optimization

2023/05:
Kónya, István and Váry, Miklós:
Which Sectors Go On When There Is a Sudden Stop? An Empirical Analysis

2023/04:
Rácz, Olivér Miklós:
Economic Costs of Distancing Policy Interventions

2023/03:
Bednay, Dezső and Fleiner, Balázs and Tasnádi, Attila:
Which Social Choice Rule is More Dictatorial?

2023/02:
Németh, András Olivér and Németh, Petra and Tőkés, László:
A panel analysis of fertility trends in Europe, with a special emphasis on CEE countries

2023/01:
Rácz, Olivér Miklós:
The Effect of Distancing Policies on the Reproduction Number of COVID-19

2022/06:
Tasnádi, Attila:
Mixed-strategy equilibrium of the symmetric production in advance game: the missing case

2022/05:
Illés, Tibor and Rigó, Petra Renáta and Török, Roland:
New predictor-corrector interior-point algorithm with AET function having inflection point

2022/04:
Darvay, Zsolt and Rigó, Petra Renáta:
Interior-point algorithms for symmetric cone horizontal linear complementarity problems based on a new class of algebraically equivalent transformations

2022/03:
E. Nagy, Marianna and Varga, Anita:
A new Ai-Zhang type interior point algorithm for sufficient linear complementarity problems

2022/02:
Illés, Tibor and Rigó, Petra Renáta and Török, Roland:
Unified approach of primal-dual interior-point algorithms for a new class of AET functions

2022/01:
Habis, Helga and Perge, Laura:
A Three-Period Extension of The CAPM

2021/07:
Németh, Petra and Szabó-Bakos, Eszter:
What is the child-related compensational pension system good for and what is not?

2021/06:
E. Nagy, Marianna and Varga, Anita:
A new long-step interior point algorithm for linear programming based on the algebraic equivalent transformation

2021/05:
Németh-Durkó, Emilia:
Economic growth and carbon causality: A three-step analysis for Hungary

2021/04:
Szabó, Dávid Zoltán:
The impact of social pressure of differing audience size on referees and team performances from a North American perspective

2021/03:
Darvas, Zsolt and Mazza, Jan and Midões, Catarina:
Cohesion project characteristics and regional economic growth in the European Union.

2021/02:
Illés, Tibor and Rigó, Petra Renáta and Török, Roland:
Predictor-corrector interior-point algorithm based on a new search direction working in a
wide neighbourhood of the central path.

2021/01:
Darvay, Zsolt and Rigó, Petra Renáta:
New predictor-corrector interior-point algorithm for symmetric cone horizontal linear complementarity problems.

2020/06:
Bednay, Dezső and Fleiner, Balázs and Tasnádi, Attila:
The Limit of the Non-dictatorship Index

2020/05:
Darvas, Zsolt and Anderson, Julia:
New life for an old framework: redesigning the European Union’s expenditure and golden fiscal rules

2020/04:
Darvas, Zsolt:
Economic growth and income distribution implications of public spending and tax decisions

2020/02:
Darvay, Zsolt and Illés, Tibor and Rigó, Petra Renáta:
Predictor-corrector interior-point algorithm for sufficient linear complementarity problems
based on a new type of algebraic equivalent transformation technique

2020/02: Walter, György:
Personal Bankruptcy: Model structures and the fresh start

2020/01: Darvas, Zsolt and Schepp, Zoltán:
Forecasting exchange rates of major currencies with long maturity forward rates

2019/09:
Pintér, Miklós and Radványi, Anna Ráhel:
Upstream responsibility games – the non-tree case

2019/08:
Forgó, Ferenc:
Necessary conditions on the existence of pure Nash equilibrium in concave games and Cournot oligopoly games

2019/07:
Aleksina, Anna and Akulenka, Stanislau and Lublóy, Ágnes:
Success Factors of Crowdfunding Campaigns in Medical Research: Perceptions and Reality

2019/06: Tasnádi, Attila:
Production in advance versus production to order: Equilibrium and social surplus

2019/05:
Tasnádi, Attila:
Corrigendum to “Production in advance versus production to order” [J. Econ. Behav. Organ. 54 (2004) 191-204]

2019/04:
Pintér, Miklós and Radványi, Anna:
Axiomatizations of the Shapley Value for Upstream Responsibility Games

2019/03:
Nagy, Balázs and Tasnádi, Attila:
Bertrand-Edgeworth duopoly with a socially concerned firm

2019/02:
Győri, Zsuzsanna:
Existing and potential solutions to reduce financial exclusion – theoretical
considerations and practical initiatives at the meeting point of finance and ethics

2019/01:
Indars, Edgars Rihards and Savin, Aliaksei and Lublóy, Ágnes:
Herding behaviour in an emerging market: Evidence from the Moscow Exchange

2018/09:
Bednay, Dezső and Moskalenko, Anna and Tasnádi, Attila:
Dictatorship versus manipulability

2018/08:
Balogh, Tamás László and Tasnádi, Attila:
Mixed duopolies with advance production

2018/07:
Németh-Durkó, Emilia:
How economic growth and energy consumption contribute to environmental degradation?

2018/06:
Radványi, Anna:
The Shapley Value for Upstream Responsibility Games

2018/05:
Piroska, Dóra and Podvršič, Ana:
New European Banking Governance and Crisis of Democracy: Insights from the European post-socialist periphery

2018/04:
Forgó, Ferenc:
On symmetric bimatrix games

2018/03:
Kommel, Karl Arnold and Sillasoo, Martin and Lublóy, Ágnes:
Could crowdsourced financial analysis replace the equity research by investment banks?

2018/02:
Berlinger, Edina:
How does the state destroy incentives in innovation financing?

2018/01:
Bihary, Zsolt and Dömötör, Barbara:
How do manager incentives influence corporate hedging?

2017/07:
Forgó, Ferenc:
On the enforcement value of soft correlated equilibrium for two-facility simple linear congestion games

2017/06:
Csató, László:
2018 FIFA World Cup qualification can be manipulated

2017/05:
Berlinger, Edina:
Why APRC is misleading and how it should be reformed

2017/04:
Lublóy, Ágnes and Keresztúri, Judit Lilla and Benedek, Gábor:
Lower fragmentation of coordination in primary care is associated with lower
prescribing drug costs-lessons from chronic illness care in Hungary

2017/03:
Berlinger, Edina and Dömötör, Barbara and Illés, Ferenc:
Anti-cyclical versus Risk-sensitive Margin Strategies in Central Clearing

2017/02:
Szüle, Borbála:
Optimality of linear factor structures

2017/01:
Piroska, Dóra:
Funding Hungary: Exposing Normal and Dysfunctional Crisis Management

2016/14:
Csóka, Péter and Herings, Jean-Jacques P.:
Decentralized Clearing in Financial Networks

2016/13:
Burka, Dávid and Puppe, Clemens and Szepesváry, László and Tasnádi, Attila:
Neural networks would ‘vote’ according to Borda’s Rule

2016/12:
Solymosi, Tamás:
Weighted nucleoli and dually essential coalitions

2016/11:
Dezső, Linda and Steinhart, Jonathan and Bakó, Barna and Kirchler, Erich:
Designing Choice Sets to Exploit Focusing Illusion

2016/10:
Bakó, Barna and Isztin, Péter:
Psychic Punishment Costs and Deterrence

2016/09: Kornai, János:
So what is Capital in the Twenty-First Century? Some notes on Piketty’s
book Working paper, forthcoming in Capitalism & Society

2016/08:
Kornai, János:
Breaking promises. The Hungarian experience

2016/07:
Forgó, Ferenc:
The prisoners’ dilemma, congestion games and correlation

2016/06:
Berlinger, Edina and Bihary, Zsolt and Walter, György:
Corporate cash-pool valuation in a multi-firm context: a closed formula

2016/05:
Berlinger, Edina and Bihary, Zsolt and Walter, György:
How much is corporate cash-pooling worth? Modelling and simulation

2016/04:
Berlinger, Edina:
Implicit rating: A potential new method to alert crisis on the interbank lending market

2016/03:
Dömötör, Barbara and Váradi, Kata:
Stress events in the Hungarian stock market

2016/02:
Szüle, Borbála:
Solvency risk minimizing guaranteed returns in life insurance

2016/01:
Bakó, Barna and Kálecz-Simon, András:
Quota bonuses as localized sales bonuses

2015/22:
Berlinger, Edina and Lovas, Anita and Juhász, Péter:
State subsidy and moral hazard in corporate financing

2015/21:
Kornai, János:
Hungary’s U-Turn

2015/20:
Csató, László:
On the additivity of preference aggregation methods

2015/19:
Vékás, Péter:
An asymptotic test for the Conditional Value-at-Risk

2015/18:
Vékás, Péter and van der Vlerk, Maarten and Klein Haneveld, Willem:
Improved stochastic optimization of railway timetables

2015/17:
Baji, Petra and Gulácsi, László and Lovász, Barbara D. and Golovics, Petra A.
and Brodszky, Valentin and Péntek, Márta and Rencz, Fanni and Lakatos,  Péter L.:
Trading between perceived risks and benefits related to biosimilar biological
treatment in Crohn’s disease; discrete choice experiment among gastroenterologists

2015/16:
Gudmundsson, Jens and Habis, Helga:
Assignment Games with Externalities

2015/15:
Madácsi, Roland:
Project finance in Hungarian electricity sector. Effect of feed-in tariff system’s change onto power plant investments

2015/14:
Popp, József and Jámbor, Attila:
How consistent is the new common agricultural policy with the challenges it faces?

2015/13:
Magasházi, Anikó:
The integration by trade and FDI of emerging economies: The Asian example

2015/12:
Csató, László:
Distance-based accessibility indices

2015/11:
Kutasi, Gábor:
Banking Contagion under Different Exchange Rate Regimes in CEE

2015/10: Baji, Petra and Péntek, Márta and Boncz, Imre and Brodszky, Valentin and Loblova, Olga and Brodszky, Nóra and Gulácsi, László:
The impact of the recession on health care expenditure — How does the Czech
Republic, Hungary, Poland and Slovakia compare to other OECD countries?

2015/09:
Gedeon, Péter:
Spontaneous order and social norms. Hayek’s theory of socio-cultural evolution

2015/08:
Rácz, Zoltán and Tasnádi, Attila:
A Bertrand-Edgeworth oligopoly with a public firm

2015/07:
Pintér, Miklós:
Young’s axiomatization of the Shapley value – a new proof

2015/06:
Csató, László:
Between plurality and proportionality: an analysis of vote transfer systems

2015/05:
Csató, László and Rónyai, Lajos:
Incomplete pairwise comparison matrices and weighting methods

2015/04:
Lublóy, Ágnes and Keresztúri, Judit Lilla and Benedek, Gábor:
Formal professional relationships between general practitioners and
specialists: possible associations with patient health and pharmacy
costs

2015/03:
Szűcs, Balázs Árpád and Váradi, Kata:
Measuring and managing liquidity risk in the Hungarian practice

2015/02:
Csató, László:
Measuring centrality by a generalization of degree

2015/01:
Csató, László:
Ranking in Swiss system chess team tournaments

2014/19
Kobayashi, Katsuya and Tasnádi, Attila:
The Multiple Hierarchical Legislatures in a Representative Democracy: Districting for Policy Implementation

2014/18
Szüle, Borbála:
Auswirkungen von Eigenkapitalregulierung auf optimale Bankkreditzinsniveaus
(Effect of capital regulation on optimal bank loan interest rate levels)

2014/17:
Lublóy, Ágnes and Keresztúri, Judit Lilla and Benedek, Gábor:
Determinants of pharmaceutical innovation diffusion: social contagion and prescribing characteristics

2014/16:
Pintér, Miklós:
A cardinally convex game with empty core

2014/15:
Nunez, Marina and Solymosi, Tamás:
Lexicographic allocations and extreme core payoffs: the case of assignment games

2014/14:
Andor, László:
Where now after ten years of Eastern enlargement?

2014/13:
Balog, Dóra and Bátyi, Tamás László and Csóka, Péter and Pintér, Miklós:
Properties of risk capital allocation methods: Core Compatibility, Equal Treatment Property and Strong Monotonicity

2014/12:
Csóka, Péter and Pintér, Miklós:
On the impossibility of fair risk allocation

2014/11:
Bakó, Barna and Tasnádi, Attila:
The Kreps-Scheinkman game in mixed duopolies

2014/10:
Bakó, Barna and Kálecz-Simon, András:
Nothing so certain as your anchors? A consumer bias that might lower prices

2014/09:
Mák, Fruzsina:
Analyzing interrelated stochastic trend and seasonality on the example of energy trading data

2014/08:
Zsinka, László:
The roots of “Western European societal evolution”

2014/07:
Pollmann, Olaf and Podruzsik, Szilárd and Fehér, Orsolya:
Social acceptance of renewable energy: Some examples from Europe and Developing Africa

2014/06:
Deák, Dániel: Unorthodoxy in legislation: The Hungarian experience

2014/05:
Darvas, Zsolt:
Can Europe recover without credit?

2014/04:
Szent-Iványi, Balázs:
Are Democratizing Countries ‘Rewarded’ with Higher Levels of Foreign Aid?

2014/03:
Csató, László:
Additive and multiplicative properties of scoring methods for preference aggregation

2014/02:
Pintér, Miklós:
A new epistemic model

2014/01:
Puppe, Clemens and Tasnádi, Attila:
Axiomatic districting