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This research investigates Airbnb’s financial implications in emerging economies and their potential to influence stock market profitability.

Employing a multifaceted approach, the study combines parametric and nonparametric tests, robustness checks, and regression analysis to assess the impact of Airbnb’s announcements on emerging economy stock markets.

Airbnb’s announcements affect emerging economies' stock markets with a distinct pattern of cumulative abnormal returns (CAR): negative before the announcement and positive afterward. Informed investors strategically leverage this opportunity through short selling before the announcement and acquiring positions following it. Regression analysis validates these trends, revealing that stock index returns and inbound tourism affect CAR before announcements, while GDP growth influences CAR afterward. Announcements pertaining to emerging economies exert a more pronounced impact on stock indices compared to city-specific announcements, with COVID-19 period announcements demonstrating greater significance in abnormal returns than non-COVID-19 period announcements.

This study advances existing literature through a comprehensive range of statistical tests, differentiation between emerging countries and cities, introduction of five macroeconomic variables, and reliance on credible primary Airbnb data. It highlights the potential for investors to leverage Airbnb announcements in emerging markets for stock market profits, emphasizing the need for adaptive investment strategies considering broader macroeconomic factors.

The proliferation of terror threats in the past decades and the increasing number of terror incidents at different locations around the world have engendered a counter reaction from the members of the international community. This study aims to examine how terror incidents that happened over the past decade have affected the capital markets of the targeted countries and whether the effect was permanent or transitory.

To examine the incident’s effect, the study uses the TI (variable) index – a measure of pessimism with values ranging from 5 to 16 – for four days around a terrorist incident. By using this index, this study can reflect the investors’ level of pessimism resulting from the intensity of the terrorist incident. Five parameters that have a major influence on the incident’s severity have been used to construct the index.

By using the terror index, terror incidents were analyzed in four main tests. The results point at the following conclusions: There is a correlation between the yield index on the day of a terror incident and the two following work days. There is a negative correlation between the severity of the event and the yield indices. On the day of the terror incident, there is no difference in yield indices between large and small countries and between democratic and authoritarian countries. Developing countries, however, show a steeper decline than developed countries. In larger and developed countries, terror incidents are permanent, whereas in democratic countries, they are transitory.

This study investigates the effect of terrorism on the stock markets of different countries with relation to the country’s size, type of regime and level of development. The work is based on a unique sample of terror attacks. The study offers a quantitative index to measure the level of pessimism that contains different components of an incident, such as the location of the incident and the type of terrorism.

This research aims to examine the decision-making process involved in saving for retirement and compare it with decision-making processes regarding other financial products (such as loans and savings plans) as well as real products (such as a car or a home).

This research is based on the distribution of 107 questionnaires. The questionnaire is composed of two parts: questions examining and focusing on the individual’s decision-making process and questions regarding socioeconomic factors. The average level of risk tolerance is calculated for each respondent with respect to the first four chapters. (These chapters include buying a car or a home, opening a savings plan and taking a loan). Afterward, the consistency (rationality) of the respondents is examined with regard to their decision-making concerning retirement savings plans. Then, an econometric model is used to further test the consistency of the respondents.

The results suggest that the level of risk tolerance associated with a retirement savings plan is consistent with that associated with the other financial products, but not with the real products. Majority of the respondents demonstrate high risk tolerance with respect to retirement savings, and their decision-making process is similar to a random thinking process. The level of deliberation and information-gathering regarding retirement savings is the lowest when compared with the other financial and real products examined in this paper. Majority of the respondents are less risk-tolerant toward the other financial and real products.

In this research, the authors examine how different individuals with different characteristics get different decisions about their personal retirement savings. The authors also examine these decisions’ deviation from the rational model, and compare it with decision-making processes regarding other financial products as well as real products.

The purpose of this paper is to measure the social loss occurring due to the inability of the government to use the real public demand function.

The authors developed a model that enables maximization of the public utility of a given public budget by maximizing total consumer surplus, and presented a method for calculating the social loss due to the inability to use the real public demand function.

The social loss occurring due to the inability of the government to use the real public demand curve was shown.

In reality, it is impossible to get the proper evaluation of social utility function. Instead, the authors assumed a given public demand for each public good.

The paper presents a way to measure overtime social loss as a function of the sum of overtime government expenses, the coefficient of variation of the public good supply and the elasticity of demand of the average demand curve.

Improving the allocation of public budget.

Given the demand curve for each public good, this paper presents a technique for the optimal allocation of a given budget in order to maximize aggregate consumer surplus.

It is difficult to get an adequate account of human needs but there are known needs which, for hundreds of millions of people, are not met. Can the present economic system meet them? Can any economic system meet them? Is simple economic growth the answer? The purpose of this paper is to explore some of the questions, emphasizing the problems and paradoxes.

The paper looks at India where poverty is rampant despite recent gains, and at Bhutan which ranks low in economic production but quite high on the “happiness scales”. It also looks at questions of the relation of economic inequality to social problems, citing recent studies.

The paper focuses on how well the world's economic systems address, or fail to address, human needs.

This paper is written by a philosopher and writer on social economics (and Editor of International Journal of Social Economics (IJSE )) who works in a variety of fields: metaphysics and its epistemological relations, the theory of the history of philosophy (focusing on the seventeenth and nineteenth centuries), and moral, social, and economic philosophy and their relations to culture and religion. The paper then introduces the papers in this special issue of the IJSE devoted to human needs.