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about economics—namely, alternative assumptions about individual rationality and the role of social efficiency—influence our … equilibria that are self-enforcing (in terms of mutual expectations about others’ behaviors) can collapse and so induce switching …
Persistent link: https://www.econbiz.de/10011073334
All Courts rule ex-post, after most economic decisions are sunk. This might generate a time-inconsistency problem. From an ex-ante perspective, Courts will have the (ex-post) temptation to be excessively lenient. This observation is at the root of the principle of stare decisis. Stare decisis...
Persistent link: https://www.econbiz.de/10010707872
This article is devoted to a survey of results for differential games obtained through Viability Theory. We recall the basic theory for differential games (obtained in the 1990s), but we also give an overview of recent advances in the following areas : games with hard constraints, stochastic...
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Organizations studies are used to borrowing concepts, images and theories from some more or less close theoretical fields, frequently from other social and human sciences. This multitude of inspirations are necessary and offer large potentialities but some scholars regret that organization...
Persistent link: https://www.econbiz.de/10011273979
Twenty-one papers explore the accomplishments, limitations, and unmet needs of the field of new institutional economics. Papers discuss the theories of the firm; contracts--from bilateral sets of incentives to the multilevel governance of relations; institutions and the institutional...
Persistent link: https://www.econbiz.de/10010723174
This article uses a competence-based approach to the firm in order to analyse the recent destabilisation of internal labour markets. We argue that increasing knowledge codification made possible by the diffusion of information and communication technologies has made competences less dependent...
Persistent link: https://www.econbiz.de/10010795040
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