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The problem of arising the Pareto inefficient norm in relations “investor – government” type.
Sokolovskyi, Dmytro; Sokolovska, Olena - Volkswirtschaftliche Fakultät, … - 2013
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...
Persistent link: https://www.econbiz.de/10011257751
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Elementary game theory
Soni, Himanshu; Sharma, Damini - Volkswirtschaftliche Fakultät, … - 2015
The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...
Persistent link: https://www.econbiz.de/10011166059
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On prospects and games: an equilibrium analysis under prospect theory
Rindone, Fabio; Greco, Salvatore; Di Gaetano, Luigi - Volkswirtschaftliche Fakultät, … - 2013
The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the weighting function by restricting the object of our analysis to a 2-player 2-strategy game, in order to derive some core results. We find that dominant and indifferent strategies...
Persistent link: https://www.econbiz.de/10011110809
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Social choice and game theory: recent results with a topological approach
Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1983
This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...
Persistent link: https://www.econbiz.de/10005789359
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От машин удовольствия к моральным сообществам (Размышления над новой книгой Джеффри Ходжсона)
Yefimov, Vladimir - Volkswirtschaftliche Fakultät, … - 2013
paradigm in economics, the foundations of which were laid by John Commons, allows us to take another look at the institutions …
Persistent link: https://www.econbiz.de/10011258143
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On pragmatist institutional economics
Yefimov, Vladimir - Volkswirtschaftliche Fakultät, … - 2004
R. Commons by putting the notion of ‘transaction’ in the centre of its study. The seventies were a period of appearance … costs economics’. In this way they have distorted totally the initial design of Commons’ institutional economics who saw the …). Commons used the pragmatism as a model of human behaviour and as a method of research. The paper discusses the pragmatist …
Persistent link: https://www.econbiz.de/10011260260
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A Paradox of Environmental Awareness Campaigns
Koulovatianos, Christos - Volkswirtschaftliche Fakultät, … - 2010
We build a workable game of common-property resource extraction under rational Bayesian learning about the renewal prospects of a resource. We uncover the impact of exogenously shifting the prior beliefs of each player on the response functions of others. What we find about the role of...
Persistent link: https://www.econbiz.de/10008753059
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Gender Discrimination and Common Property Resources: a Model
Casari, Marco; Lisciandra, Maurizio - Volkswirtschaftliche Fakultät, … - 2014
depend on inheritance rules on the commons. Motivated by the traditional management of the commons in the Italian Alps, we … present a model that fits the evolution of property rights observed over six centuries. Women’s rights over the commons were …
Persistent link: https://www.econbiz.de/10011109076
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Changes in the Eternal City: Inequalities, commons, and elections in Rome districts from 2000 to 2013
Tomassi, Federico - Volkswirtschaftliche Fakultät, … - 2014
In city districts in Rome, social and economic inequalities between centre and peripheral belts have been increasing over the last years, in parallel to the on-going suburban sprawl. Electoral data from 2000 to 2013 highlight sharp political polarization too. Votes for left-wing (right-wing)...
Persistent link: https://www.econbiz.de/10011111598
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Imachi Nkwu: Trade and the commons
Fenske, James - Volkswirtschaftliche Fakultät, … - 2012
The conventional view is that an increase in the value of a natural resource will lead private property to emerge. Many Igbo groups in Nigeria, however, curtailed private rights over palm trees in response to the palm produce trade of the nineteenth and early twentieth centuries. I present a...
Persistent link: https://www.econbiz.de/10009493279