Social Norms Bounded Rationality And Optimal Contracts
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Social Norms, Bounded Rationality and Optimal Contracts
This book investigates the ways in which social norms and bounded rationality shape different contracts in the real world. It brings into focus existing research into optimal contracts, draws important lessons from that research, and outlines prospects for future investigation. Bounded rationality has acknowledged effects on the power of incentive provisions, such as deviations from sufficient statistic theorem, the power of optimal incentives, and the effects of optimal contracts in multicultural environments. The introduction of social norms to bounded rationality opens up new avenues of investigation into contracts and mechanism design. This book makes an important contribution to the study of bounded rationality by pulling together many separate strands of research in the area of mechanism design, and providing detailed analysis of the impact of societal values on contracts.
Islamic Microeconomics
Author: Lukman Hanif Arbi
language: en
Publisher: Taylor & Francis
Release Date: 2023-11-01
This book bridges the gap between Islamic and conventional (micro)economics by demonstrating how modern tools and theories of microeconomics can be applied to Islamic assumptions regarding economics and finance. In contrast to the tendency for Islamic economics and finance proponents to use qualitative and normative approaches based on idealistic assumptions, this book demonstrates how one can instead construct analytical models of Islamic economics and finance and simply compare the implications with those predominant in today’s world. This book also offers extensive literature reviews demonstrating that for a long time, the gap between Islamic and conventional economics and finance is not as wide as previously thought, allowing those with an interest in both fields to participate more effectively and meaningfully in the ongoing discourse between the two fields. The authors conceptualize a general approach and apply it to basic consumer theory. More advanced microeconomic ideas are then discussed, culminating in demonstrations of how contract theory can facilitate a deeper analysis and appreciation of Islamic financial securities. A wide spectrum of academic literature on both Islamic and conventional economics and finance is drawn upon to facilitate a better appreciation for both fields and to inspire future works comparing the two in a more objective manner.
不平等与经济危机：基于马克思主义政治经济学视角
工业革命以来，有两个现象引人注目。一是世界国别之间的经济不平等程度、国内经济不平等程度总体上呈上升趋势。二是世界经济波动频繁，金融危机、经济危机此起彼伏。经济不平等是不是经济危机的原因，这是本书试图回答的问题。本书的主要工作是利用现代数学工具，拓展马克思的经济危机理论，研究经济不平等触发经济危机的传导机制，并用跨国数据检验马克思的理论预测。