Modeling Foundations Of Economic Property Rights Theory

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Modeling Foundations Of Economic Property Rights Theory
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Author : Vesna Pasetta
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-30
Modeling Foundations Of Economic Property Rights Theory written by Vesna Pasetta and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Business & Economics categories.
This is an introduction to the foundations of economic property rights t- ory (EPRT). In this volume, a ?rst step in the EPRT research program, rules concerningeconomicpropertyrights(e. p. r. s),entrepreneurialagreements,and enterprises are discussed. Introduced concept of e. p. r. s is an extension of the traditional concept of pairing of residual rights of control and residual rights of returns in the economic theory. Its importance in economics is generated fromageneralimpossibilityofmakingacompletecontract,concerninge. p. r. s, for any nontrivial economic transaction. The volume o?ers a theoretical - tension of mathematical economics, applying recent results of Hopf algebras, quasi-Hopf algebras, representation theory, theory of categories, and defor- tion theories, in looking for suitable mathematical methodology of economic property rights theories and foundations of general theory of economic agr- ments. The idea is to construct a kind of mathematical application in which any fundamental formal entity and/or operation has an empirical economic interpretation. This approach is seen as a way to cope with an extreme c- plexity of economic phenomena under consideration and requests for precise formulationofmodelswheremeaningfulanswersandsolutionsofproblemsare only those which are obtained rigorously. The proposed extensions in ma- ematical economics and property rights theory are to provide rich enough foundations to follow complexity of economic property rights in the exact way, and to identify where there is an appropriate method providing a- quate solution, and also to ?nd problems where in general there is no such methodology.
Modeling Foundations Of Economic Property Rights Theory
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Author : Vesna Pasetta
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-06-06
Modeling Foundations Of Economic Property Rights Theory written by Vesna Pasetta and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-06 with Business & Economics categories.
This book offers a unique, comprehensive, technically in-depth, and up-to-date treatment of modeling economic agreements by applying recent results of advanced algebras, representation theory, theory of categories, and transmutation theory. The importance of a new concept of agreements, as introduced here, is derived from a general impossibility of making a complete contract for any nontrivial economic transaction. The proposed extensions provide foundations rich enough to follow the complexity of economic property rights, including entrepreneurial agreements, clubs and transfers through the restructuring processes. The book is relevant for academics with a theoretical interest in economics, applied mathematics, mathematical economics, operational research and advance management of tangible and intangible assets. It provides full details and line-by-line proofs of all basic relations needed for research in modeling issues of economic property rights theory and economic agreements.
Economic Analysis Of Property Rights
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Author : Yoram Barzel
language : en
Publisher: Cambridge University Press
Release Date : 2023-08-31
Economic Analysis Of Property Rights written by Yoram Barzel and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-31 with Business & Economics categories.
Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.
Evolutionary Foundations Of Equilibria In Irrational Markets
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Author : Guo Ying Luo
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-11-19
Evolutionary Foundations Of Equilibria In Irrational Markets written by Guo Ying Luo and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-19 with Business & Economics categories.
One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static. Many traditional equilibrium models, or equilibria, are established based on the rational behavior of individuals within financial markets, such as traders, market analysts, and investing firms, and their ability to maximize profits, no matter the cost. Yet what happens when these market participants behave in an irrational manner, and how does this impact economic equilibria? Contemporary economists have agreed that a process similar to Darwin’s Theory of Natural Selection takes over, whereby equilibria are shaped not by the behavior of individual participants but by an environment outside its control (i.e., an environment with little concern for maximizing profits). It is an environment in which those “selected” produce positive financial gains, but have no regard for how it was obtained or underlying motivations—and those participants suffering losses disappear altogether. Evolutionary Foundations of Equilibria in Irrational Markets proves traditional economic equilibria continue to occur despite natural selection in irrational markets. It covers a wide sampling of equilibria under various scenarios, and each chapter addresses the results of these models at an aggregate level. The text is supplemented with charts and figures to drive home key findings and proofs, making it of interest to students and researchers in the areas of economics and behavioral finance.
The Handbook Of Political Social And Economic Transformation
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Author : Wolfgang Merkel
language : en
Publisher: Oxford University Press
Release Date : 2019-01-03
The Handbook Of Political Social And Economic Transformation written by Wolfgang Merkel and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-03 with Political Science categories.
Political, social, and economic transformation is a complex historical phenomenon. It can adequately be analysed only by a multidisciplinary approach. The Handbook brings together an international team of scholars who are specialists in their respective research fields. It introduces the most important areas, theories, and methods in transformation research, with particular attention placed on the historical and comparative dimension. Although focussing on post-communist and other democratic transformations in our epoch, the Handbook therefore presents and discusses not only their problems, paths, and developments, but also deals with the antecedent 'waves', beginning with the Meiji Restoration in Japan in 1868 and its aftermath. The book is structured into six parts. Starting with basic concepts as systems, actors, and institutions (Section I), it gives an overview over major theoretical approaches and research methods (Sections II and III). The connection of theory and method with their application is essential, allowing special insights into the past and opens analytical avenues for transformation research in the future. Section (IV) provides a historically oriented description or interpretation of particular 'waves' or types of societal transformation. With a clear focus on present transformations, the contributions to Section V provide a description and discussion of the problems, structures, actors, and courses of the transformations within different spheres of (civil) society, politics, law, and economics. Finally, brief lexicographic entries in Section VI delineate research perspectives and facts about relevant issues of societal transformation. Each of the 79 contributions contains a concise list of the most important research literature.
Economic Analysis Of Property Rights
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Author : Yoram Barzel
language : en
Publisher: Cambridge University Press
Release Date : 1997-04-13
Economic Analysis Of Property Rights written by Yoram Barzel and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-04-13 with Business & Economics categories.
This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.
Irreversible Decisions Under Uncertainty
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Author : Svetlana Boyarchenko
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-26
Irreversible Decisions Under Uncertainty written by Svetlana Boyarchenko and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-26 with Business & Economics categories.
Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.
Rationality And Equilibrium
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Author : Charalambos D. Aliprantis
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-04-20
Rationality And Equilibrium written by Charalambos D. Aliprantis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-20 with Business & Economics categories.
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
Land The State And War
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Author : Jennifer Brick Murtazashvili
language : en
Publisher: Cambridge University Press
Release Date : 2021-09-09
Land The State And War written by Jennifer Brick Murtazashvili and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-09 with Law categories.
The first detailed study of institutional economics and public choice traditions in Afghanistan.
Criminal Dilemmas
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Author : Katri K. Sieberg
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-30
Criminal Dilemmas written by Katri K. Sieberg and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Social Science categories.
An analysis of criminal behavior from the perspectives of rational choice theory leading to suggestions for a criminal policy. Previous edition sold 900 copies world wide since its release in June 2001.