Fairness, Incentives and Contractual Incompleteness
Author: Ernst Fehr
Publisher:
Published: 2001
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKPosts
Social Norms, Bounded Rationality and Optimal Contracts
Author: Suren Basov
Publisher: Springer
Published: 2016-05-20
Total Pages: 181
ISBN-13: 9811010412
DOWNLOAD EBOOKThis 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.
The Law of Good People
Author: Yuval Feldman
Publisher: Cambridge University Press
Published: 2018-06-07
Total Pages: 592
ISBN-13: 110865634X
DOWNLOAD EBOOKCurrently, the dominant enforcement paradigm is based on the idea that states deal with 'bad people' - or those pursuing their own self-interests - with laws that exact a price for misbehavior through sanctions and punishment. At the same time, by contrast, behavioral ethics posits that 'good people' are guided by cognitive processes and biases that enable them to bend the laws within the confines of their conscience. In this illuminating book, Yuval Feldman analyzes these paradigms and provides a broad theoretical and empirical comparison of traditional and non-traditional enforcement mechanisms to advance our understanding of how states can better deal with misdeeds committed by normative citizens blinded by cognitive biases regarding their own ethicality. By bridging the gap between new findings of behavioral ethics and traditional methods used to modify behavior, Feldman proposes a 'law of good people' that should be read by scholars and policymakers around the world.
Handbook of Labor Economics
Author: Orley Ashenfelter
Publisher: Elsevier
Published: 2010-12-09
Total Pages: 863
ISBN-13: 0444534504
DOWNLOAD EBOOKA guide to the continually evolving field of labour economics.
Philosophical Foundations of Contract Law
Author: Gregory Klass
Publisher: OUP Oxford
Published: 2014-12-18
Total Pages: 417
ISBN-13: 019102208X
DOWNLOAD EBOOKIn recent years there has been a revival of interest in the philosophical study of contract law. In 1981 Charles Fried claimed that contract law is based on the philosophy of promise and this has generated what is today known as 'the contract and promise debate'. Cutting to the heart of contemporary discussions, this volume brings together leading philosophers, legal theorists, and contract lawyers to debate the philosophical foundations of this area of law. Divided into two parts, the first explores general themes in the contract theory literature, including the philosophy of promising, the nature of contractual obligation, economic accounts of contract law, and the relationship between contract law and moral values such as personal autonomy and distributive justice. The second part uses these philosophical ideas to make progress in doctrinal debates, relating for example to contract interpretation, unfair terms, good faith, vitiating factors, and remedies. Together, the essays provide a picture of the current state of research in this revitalized area of law, and pave the way for future study and debate.
Proceedings of 20th International Conference on Industrial Engineering and Engineering Management
Author: Ershi Qi
Publisher: Springer Science & Business Media
Published: 2013-12-16
Total Pages: 1168
ISBN-13: 3642400639
DOWNLOAD EBOOKThe International Conference on Industrial Engineering and Engineering Management is sponsored by the Chinese Industrial Engineering Institution, CMES, which is the only national-level academic society for Industrial Engineering. The conference is held annually as the major event in this arena. Being the largest and the most authoritative international academic conference held in China, it provides an academic platform for experts and entrepreneurs in the areas of international industrial engineering and management to exchange their research findings. Many experts in various fields from China and around the world gather together at the conference to review, exchange, summarize and promote their achievements in the fields of industrial engineering and engineering management. For example, some experts pay special attention to the current state of the application of related techniques in China as well as their future prospects, such as green product design, quality control and management, supply chain and logistics management to address the need for, amongst other things low-carbon, energy-saving and emission-reduction. They also offer opinions on the outlook for the development of related techniques. The proceedings offers impressive methods and concrete applications for experts from colleges and universities, research institutions and enterprises who are engaged in theoretical research into industrial engineering and engineering management and its applications. As all the papers are of great value from both an academic and a practical point of view, they also provide research data for international scholars who are investigating Chinese style enterprises and engineering management.
Human Capital
Author: Joop Hartog
Publisher: Cambridge University Press
Published: 2007-06-28
Total Pages: 223
ISBN-13: 1139464809
DOWNLOAD EBOOKAt a time when governments and policy-makers put so much emphasis on 'the knowledge economy' and the economic value of education, human capital theory has never been more important. However, research in this area is often very technical and therefore not easily accessible to those who wish to use it as a guide to policy formation. This book provides an interface between such research and its potential applications in government, education and business. Reporting on a major research initiative, new findings are presented in a non-technical way on three major themes: measuring the benefits from human capital, applications of the human capital model, and policy interventions. Aimed at academic researchers and professionals concerned with the problems and techniques of human capital theory, it will also be useful for graduate courses on the economics of education to complement standard textbooks.
From Blockchain to Web3 & Metaverse
Author: Huawei Huang
Publisher: Springer Nature
Published: 2023-09-06
Total Pages: 226
ISBN-13: 9819936489
DOWNLOAD EBOOKThe Metaverse seamlessly integrates the real world with the virtual world and allows avatars to engage in a broad range of activities including entertainment, social networking, and trading. In this book, we dive into the Metaverse by discussing how blockchains connect various Metaverse components, digital currencies, and blockchain-empowered applications in the virtual world. On the other hand, Web3 has also attracted considerable attention due to its uniquely decentralized characteristics. The digital economy, currently undergoing a rapid development, is a critical driver to highly efficient societies. It is imperative that we investigate how to use Web3 technologies to address the critical concerns encountered during the development of the digital economy by fully exploring Web3. In this book, we also share insights into the Web3-based ecosystem in the Metaverse; topics of interest include decentralized finance, digital assets, the asset-trading market, etc. Unlike most works on the subject, this book mainly concentrates on insights and discussions regarding blockchain, the Metaverse and Web3. In other words, it focuses on using blockchain technologies to enable an ecosystem for both the Metaverse and Web3. Topics addressed include blockchain fundamentals, smart contracts, value circulation in the Metaverse, the connection between the Metaverse and Web3, the establishment of the Metaverse on the basis of blockchain technologies, decentralized autonomous organization, decentralized storage, digital economy, Web3-based economic systems for the Metaverse, etc. This book will be a valuable resource for students, researchers, engineers, and policymakers working in various areas related to blockchain, the Metaverse and Web3. We hope that it will also inspire readers from academia and industry alike, and ultimately help them create a truly open, fair, and rational ecosystem for the Metaverse and Web3.
Earnings Management, Fintech-Driven Incentives and Sustainable Growth
Author: Michael I. C. Nwogugu
Publisher: Routledge
Published: 2019-11-01
Total Pages: 275
ISBN-13: 1317146557
DOWNLOAD EBOOKTraditional research about Financial Stability and Sustainable Growth typically omits Earnings Management (as a broad class of misconduct), Complex Systems Theory, Mechanism Design Theory, Public Health, psychology issues, and the externalities and psychological effects of Fintech. Inequality, Environmental Pollution, Earnings Management opportunities, the varieties of complex Financial Instruments, Fintech, Regulatory Fragmentation, Regulatory Capture and real-financial sector-linkages are growing around the world, and these factors can have symbiotic relationships. Within Complex System theory framework, this book analyzes these foregoing issues, and introduces new behaviour theories, Enforcement Dichotomies, and critiques of models, regulations and theories in several dimensions. The issues analyzed can affect markets, and evolutions of systems, decision-making, "nternal Markets and risk-perception within government regulators, operating companies and investment entities, and thus they have Public Policy implications. The legal analysis uses applicable US case-law and statutes (which have been copied by many countries, and are similar to those of many common-law countries). Using Qualitative Reasoning, Capital Dynamics Theory (a new approach introduced in this book), Critical Theory and elements of Mechanism Design Theory, the book aims to enhance cross-disciplinary analysis of the above-mentioned issues; and to help researchers build better systems/Artificial-Intelligence/mathematical models in Financial Stability, Portfolio Management, Policy-Analysis, Asset Pricing, Contract Theory, Enforcement Theory and Fraud Detection. The primary audience for this book consists of university Professors, PHD students and PHD degree-holders (in industries, government agencies, financial services companies and research institutes). The book can be used as a primary or supplementary textbook for graduate courses in Regulation; Capital Markets; Law & Economics, International Political Economy and or Mechanism Design (Applied Math, Operations Research, Computer Science or Finance).
Making People Pay
Author: Sibichen K. Mathew
Publisher: Partridge Publishing
Published: 2013-08-14
Total Pages: 326
ISBN-13: 1482801485
DOWNLOAD EBOOKCan a complex subject like tax compliance be handled in such a simple manner? Sibichen K Mathew is successful in presenting his in-depth study on what makes people pay taxes or what prevents them from paying in a very interesting style. The Author takes us through the history, the economics and the politics of taxation to dissect the interconnected issues related to tax evasion and tax enforcement. He forcefully argues that the economic models are unable to fully explain the behaviour of taxpayers. For, if the tax laws are complex, the human mind is much more complex to yield to the economic models. His arguments are supported by data on attitudes, perceptions and experience of taxpayers, many of whom declare themselves to be tax evaders. The author also analyzes the sociological and economic causes and consequences of tax evasion and tax enforcement in the global context. The author has also briefly referred to the tax challenges thrown up by the integrated world economy. The solution offered is scaling up of international cooperation on a significant scale. The insights gained from these incisive analyses have enormous implications for policy makers as well as tax administrators all over the world. The taxpayers, tax practitioners and the students of social sciences would also find this book enriching.
