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Author: Theodore Groves
Publisher: U of Minnesota Press
ISBN: 1452908044
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session
Author: Theodore Groves
Publisher: U of Minnesota Press
ISBN: 1452908044
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session
Author: Leonid Hurwicz
Publisher: Cambridge University Press
ISBN: 113945434X
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied.
Author: Donald E. Campbell
Publisher: Cambridge University Press
ISBN: 1107035244
Category : Business & Economics
Languages : en
Pages : 699
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Book Description
This book examines incentives at work to see how and how well coordination is achieved by motivating individual decision makers.
Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619
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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author: Günter Bamberg
Publisher: Springer Science & Business Media
ISBN: 3642750605
Category : Business & Economics
Languages : en
Pages : 538
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Book Description
Agency Theory is a new branch of economics which focusses on the roles of information and of incentives when individuals cooperate with respect to the utilisation of resources. Basic approaches are coming from microeco nomic theory as well as from risk analysis. Among the broad variety of ap plications are: the many designs of contractual arrangements, organiza tions, and institutions as well as the manifold aspects of the separation of ownership and control so fundamental for business finance. After some twenty years of intensive research in the field of information economics it might be timely to present the most basic issues, questions, models, and applications. This volume Agency Theory, Information, and Incentives offers introductory surveys as well as results of individual rese arch that seem to shape that field of information economics appropriately. Some 30 authors were invited to present their subjects in such a way that students could easily become acquainted with the main ideas of informa tion economics. So the aim of Agency Theory, Information, and Incentives is to introduce students at an intermediate level and to accompany their work in classes on microeconomics, information economics, organization, management theory, and business finance. The topics selected form the eight sections of the book: 1. Agency Theory and Risk Sharing 2. Information and Incentives 3. Capital Markets and Moral Hazard 4. Financial Contracting and Dividends 5. External Accounting and Auditing 6. Coordination in Groups 7. Property Rights and Fairness 8. Agency Costs.
Author: Leonid Hurwicz
Publisher: Cambridge University Press
ISBN: 9780521262040
Category : Business & Economics
Languages : en
Pages : 398
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Book Description
This book contains a collection of essays providing a comprehensive view of the design and evaluation of economic mechanisms.
Author: David Martimort
Publisher:
ISBN: 9781785364433
Category : Economics
Languages : en
Pages : 1904
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Book Description
This comprehensive two-volume research collection recaps major literary contributions to the economic theory of incentives. The carefully selected papers spanning forty years analyse and review collective decision problems in the context of asymmetric information, moral hazard and incomplete contracting. Together with an original introduction by the editor, this collection would be a valuable addition to the bookshelves of any serious scholar and student in the field.
Author: Samuel Bowles
Publisher: Yale University Press
ISBN: 0300221088
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
Should the idea of economic man—the amoral and self-interested Homo economicus—determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding “no.” Policies that follow from this paradigm, he shows, may “crowd out” ethical and generous motives and thus backfire. But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the workforce is lazy, or that the citizen cannot otherwise be trusted to contribute to the public good. Using historical and recent case studies as well as behavioral experiments, Bowles shows how well-designed incentives can crowd in the civic motives on which good governance depends.
Author: John Eatwell
Publisher: Springer
ISBN: 1349202150
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.
Author: Edward Griffor
Publisher: Syngress
ISBN: 0128038381
Category : Computers
Languages : en
Pages : 301
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Book Description
Handbook of System Safety and Security: Cyber Risk and Risk Management, Cyber Security, Adversary Modeling, Threat Analysis, Business of Safety, Functional Safety, Software Systems, and Cyber Physical Systems presents an update on the world's increasing adoption of computer-enabled products and the essential services they provide to our daily lives. The tailoring of these products and services to our personal preferences is expected and made possible by intelligence that is enabled by communication between them. Ensuring that the systems of these connected products operate safely, without creating hazards to us and those around us, is the focus of this book, which presents the central topics of current research and practice in systems safety and security as it relates to applications within transportation, energy, and the medical sciences. Each chapter is authored by one of the leading contributors to the current research and development on the topic. The perspective of this book is unique, as it takes the two topics, systems safety and systems security, as inextricably intertwined. Each is driven by concern about the hazards associated with a system's performance. - Presents the most current and leading edge research on system safety and security, featuring a panel of top experts in the field - Includes several research advancements published for the first time, including the use of 'goal structured notation' together with a 'judgment calculus' and their automation as a 'rule set' to facilitate systems safety and systems security process execution in compliance with existing standards - Presents for the first time the latest research in the field with the unique perspective that systems safety and systems security are inextricably intertwined - Includes coverage of systems architecture, cyber physical systems, tradeoffs between safety, security, and performance, as well as the current methodologies and technologies and implantation practices for system safety and security
