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A ‘Third Culture’ in Economics? An Essay on Smith, Confucius andthe Rise of China

Herrmann-Pillath, Carsten - Frankfurt School of Finance & Management - 2011

can affect certain foundational principlesin economics, such as the assumptions on individualism and self …-cultural communication theory, which starts out from the observation thatthe Chinese model was already influential during the European … woven together in a comparison between Confucianthinking and Adam Smith, especially with regard to the ‘Theory of Moral …

Persistent link: https://www.econbiz.de/10009005039

Evolving Preferences andPolicy Advice in Democratic Society

Vanberg, Viktor - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2009

at providing advice about how man’s socio-economic conditionmight be improved. Under the name welfare economics the … compound measure of social welfare. The theoreticalconsistency and practical applicability of this aggregationist approach has … long been thesubject of controversy, and in response to objections welfare economics underwent variousmodifications and …

Persistent link: https://www.econbiz.de/10009022150

A Note on the Principle of“Normative Individualism"

Schubert, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005

According to the principle of Normative Individualism, the evaluation of economicstates and processes should be guided … universalacceptance in normative economics (i.e., Welfare Economics as well as ConstitutionalEconomics), the principle itself has received …

Persistent link: https://www.econbiz.de/10005866007

Does Culture InfluenceAsset Managers’ Views and Behavior?

Beckmann, Daniela; Menkhoff, Lukas; Sutō, Megumi - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2007

, controlling for various determinants, the dimensionof more Individualism predicts less herding behavior, more Power Distanceleads …

Persistent link: https://www.econbiz.de/10005867444

Who Follows the Crowd – Groups or Individuals?

Fahr, René; Irlenbusch, Bernd - Universität <Köln> / Seminar für Allgemeine … - 2007

In games of social learning individuals tend to give too much weight to their own private information relative to the information that is conveyed by the choices of others. In this paper we investigate differences between individuals and small groups as decision makers in information cascade...

Persistent link: https://www.econbiz.de/10005868024

Individualismus, Holismus und Systemismus: Erörterung metatheoretischer Sichtweisen in den Sozialwissenschaften

Reihlen, Markus; Klaas, Thorsten - Universität <Köln> / Seminar für Allgemeine … - 1999

Die Entwicklung betriebs- und volkswirtschaftlicher Forschungsprogramme beruht auf der wissenschaftlichen und technologischen Leistungsfähigkeit der ihnen zugrunde liegenden Metatheorien. Es lassen sich drei allgemeine und kohärente metatheoretische Standpunkte unterscheiden, die als...

Persistent link: https://www.econbiz.de/10005845199

Pareto Optimal Allocations for Probabilistic Sophisticated Variational Preferences

Ravanelli, Claudia; Svindland, Gregor - National Centre of Competence in Research - Financial … - 2011

We prove the existence of Pareto optimal allocations within sets of acceptableallocations when decision makers have probabilistic sophisticated variational pref-erences dened on random endowments in L1.[...]

Persistent link: https://www.econbiz.de/10009486820

Optimal Investment and Premium Policies under Risk Shifting and Solvency Regulation

Filipović, Damir; Kremslehner, Robert; Muermann, Alexander - National Centre of Competence in Research - Financial … - 2011

Limited liability creates a conict of interests between policyholders and shareholders ofinsurance companies. It provides shareholders with incentives to increase the risk of theinsurer's assets and liabilities which, in turn, might reduce the value policyholders attach toand premiums they are...

Persistent link: https://www.econbiz.de/10009486858

PARETO-IMPROVING PENSION REFORM THROUGH TECHNOLOGICAL INNOVATION

Roberts, Mark A. - University <Nottingham> / Department of Economics - 2004

The abolition or reform of unfunded pensions will generally make members of a transitional generation worse-off, because of the "double burden" of funding their own retirement along with that of paying off the unfunded pension liability. Reform will also lower the time-path of interest rates,...

Persistent link: https://www.econbiz.de/10005868785

MODELS WITH TWO OR MORE PUBLIC GOODS

Cornes, Richard; Itaya, Jun-ichi - University <Nottingham> / Department of Economics; … - 2003

We extend the simple model of voluntary public good provision toallow for two or more public goods, and explore the new possibilitiesthat arise in this setting. We show that, when there are many publicgoods, voluntary contrib...

Persistent link: https://www.econbiz.de/10005868810