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This monograph sets the stage for experiments by first examining a sample data set that looks very much like the typical historical data one gathers from the field, only it was actually generated in the laboratory so that we know what really went on. The example demonstrates how misleading the...
Persistent link: https://www.econbiz.de/10010883377
Government regulation is ubiquitous today in rich and middle-income countries--present in areas that range from workplace conditions to food processing to school curricula--although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that...
Persistent link: https://www.econbiz.de/10010535212
The theme of micro-foundation of economic theory has not been adequately addressed. This is true even of those who pioneered the area of micro-foundation of macro-economics. The great missing link in economic theory, both of micro-economics and macro-economics, is the inability to...
Persistent link: https://www.econbiz.de/10008513339
Outlines the difference between the attitude of Menger and that of Böhm-Bawerk to Roscher's economic system. Argues that this difference symbolizes the difference in their theoretical contributions in the field of interest theory. Contrasts Menger's use of theoretic assumption with...
Persistent link: https://www.econbiz.de/10005003338
The well-known modes of raising and mobilizing venture capital in Islam known as mudarabah and musharakah (m&m) in Islamic economics are critically examined. In the form as m&m presently exist, they are pointed out to be pre-Islamic financing instruments that came into usage in the Islamic...
Persistent link: https://www.econbiz.de/10005009744
Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework …. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance … in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions …
Persistent link: https://www.econbiz.de/10010693712
I made reference to the mythological Antheus to remark that the economy is better to have roots to increase its robustness, to protect it from adverse shocks. What would these roots be? Some are of an institutional nature and they determine the quality of public policy, the ability to respond to...
Persistent link: https://www.econbiz.de/10010965614
In the past entities varied in their application of the control concept (IAS 27 and SIC-12) in circumstances in which a reporting entity controls another entity but holds less than a majority of the voting rights of the entity, and in circumstances involving agency relationships (IFRS 10.IN3)....
Persistent link: https://www.econbiz.de/10010968898
models, have traditionally been dominating the empirical finance literature. In recent years, with the availability of …
Persistent link: https://www.econbiz.de/10010986437
It is theoretically clear and may be verified empirically that efficient financial markets can make it less necessary for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature has also pointed out that, since international competition...
Persistent link: https://www.econbiz.de/10010986463