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Social Norms, Bounded Rationality and Optimal Contracts
Suren Basov
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Description for Social Norms, Bounded Rationality and Optimal Contracts
Hardback. Series: Studies in Economic Theory. Num Pages: 185 pages, biography. BIC Classification: KCA. Category: (G) General (US: Trade). Dimension: 235 x 155 x 13. Weight in Grams: 450.
This 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 ... Read more
This 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 ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Springer Verlag, Singapore Singapore
Number of pages
185
Condition
New
Series
Studies in Economic Theory
Number of Pages
176
Place of Publication
Singapore, Singapore
ISBN
9789811010392
SKU
V9789811010392
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Suren Basov
Suren Basov is a visitor to the Centre for Economics and Financial Econometrics at Deakin University, Australia. His research interests lie in the areas of mechanism design, with a particular emphasis on multidimensional screening models, the theory of bounded rationality, and evolutionary game theory. He also does research in the areas of directed search and unemployment, and incentive provision within clubs, with ... Read more
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