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Author: Subrata Guha
Publisher: Routledge
ISBN: 1317410823
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
This book covers diverse themes, including institutions and efficiency, choice and values, law and economics, development and policy, and social and economic measurement. Written in honour of the distinguished economist Satish K. Jain, this compilation of essays should appeal not only to students and researchers of economic theory but also to those interested in the design and evaluation of institutions and policy.
Author: Subrata Guha
Publisher: Routledge
ISBN: 1317410823
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
This book covers diverse themes, including institutions and efficiency, choice and values, law and economics, development and policy, and social and economic measurement. Written in honour of the distinguished economist Satish K. Jain, this compilation of essays should appeal not only to students and researchers of economic theory but also to those interested in the design and evaluation of institutions and policy.
Author: Sugata Bag
Publisher: Springer
ISBN: 3319652680
Category : Law
Languages : en
Pages : 215
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Book Description
This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts. It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic perspective. Evaluate the welfare impacts, analyses the effects and the desirability of different breach remedies and examines the optimal incentive structure of party-designed liquidated damages under the different dimensions of informational asymmetry. Overall the book aims to contribute to the legal debate over the adoption of the specific breach remedies when the breach victim’s expectation interest is difficult to assess, and to the debate over courts' reluctance to implement large penalties in the event of breach of contracts.
Author:
Publisher: Stanford University Press
ISBN: 0804772657
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
Designed specifically for economics students, The Economic Approach to Law, 2nd Edition, provides an introductory treatment of law and economics, revealing how economic principles explain the structure of the law, and how they can help make the law more efficient. To that end, the author focuses on unifying themes in the field--rather than exhaustively covering legal topics--and thus provides a more analytical treatment of the subject. The second edition includes current research into the economics of common law areas, such as torts, contracts, and property law. The revised text also offers a new chapter that explores how economics can be applied to anti-trust law, as well as added material on intellectual property. This edition features an expanded suite of exercises and problems at the end of each chapter to encourage students to "do" law and economics. A companion web site offers a full suite of resources for students and professors. Key pedagogical features include cases; discussion points that provide additional analysis of topics in the book; graduate notes, which deepen the text for more advanced readers; and relevant Web links. Professors have access to sample syllabi for undergraduate and graduate courses and to an instructor's manual providing suggested answers to all of the end-of-chapter questions/problems in the book.
Author: George Joseph Stigler
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 216
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Book Description
Author: Victor J. Tremblay
Publisher: Edward Elgar Publishing
ISBN: 178471898X
Category : Economics
Languages : en
Pages : 483
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Book Description
The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. The Handbook features a wide array of methods (literature surveys, experimental and econometric research, and theoretical modelling), facilitating accessibility to a wide audience.
Author: Herbert Gintis
Publisher: MIT Press
ISBN: 9780262072526
Category : Business & Economics
Languages : en
Pages : 430
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Book Description
Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group. Presenting an overview of research in economics, anthropology, evolutionary and human biology, social psychology, and sociology, the book deals with both the theoretical foundations and the policy implications of this explanation for cooperation. Chapter authors in the remaining parts of the book discuss the behavioral ecology of cooperation in humans and nonhuman primates, modeling and testing strong reciprocity in economic scenarios, and reciprocity and social policy. The evidence for strong reciprocity in the book includes experiments using the famous Ultimatum Game (in which two players must agree on how to split a certain amount of money or they both get nothing.)
Author: Avinash K. Dixit
Publisher: Princeton University Press
ISBN: 0691130345
Category : Business & Economics
Languages : en
Pages : 181
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Book Description
How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that transcend or supplement weak economic governance from the state. In much of the world and through much of history, private mechanisms--such as long-term relationships, arbitration, social networks to disseminate information and norms to impose sanctions, and for-profit enforcement services--have grown up in place of formal, state-governed institutions. Even in countries with strong legal systems, many of these mechanisms continue under the shadow of the law. Numerous case studies and empirical investigations have demonstrated the variety, importance, and merits, and drawbacks of such institutions. This book builds on these studies and constructs a toolkit of theoretical models to analyze them. The models shed new conceptual light on the different modes of governance, and deepen our understanding of the interaction of the alternative institutions with each other and with the government's law. For example, one model explains the limit on the size of social networks and illuminates problems in the transition to more formal legal systems as economies grow beyond this limit. Other models explain why for-profit enforcement is inefficient. The models also help us understand why state law dovetails with some non-state institutions and collides with others. This can help less-developed countries and transition economies devise better processes for the introduction or reform of their formal legal systems.
Author: Partha Dasgupta
Publisher: World Bank Publications
ISBN: 9780821350041
Category : Political Science
Languages : en
Pages : 438
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Book Description
This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Author: Eric Brousseau
Publisher: Cambridge University Press
ISBN: 9780521893138
Category : Business & Economics
Languages : en
Pages : 604
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Book Description
A 2002 survey of economics of contracts appealing to scholars in economics, management and law.
Author: Harish Krishnan
Publisher: Now Pub
ISBN: 9781601985781
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
The Economic Foundations of Supply Chains Contracts is premised on the theme that as supply chain management moves from a focus on optimization problems to issues of coordination, a closer link to the underlying economic foundations is essential. This monograph offers a synthesis of the economic foundations of supply chain contracts. Accordingly, the coverage is selective and incorporates elements of economic theory that we believe will be of most value to our intended readers, the students and scholars of management science and operations management. After and introduction, Section 2 provides an overview of evidence on the nature and frequency of specific supply chain contracts. Section 3 offers some brief remarks on methodology concerning the application of economic theory to supply chain contracting. Section 4 reviews the basic setting: perfect markets. The simplest departure from perfect markets is the introduction of market power. This is examined in Section 5 via the assumption of a single monopolist upstream, facing a competitive downstream market. Section 6 considers contracts in a standard framework: one firm operates at each of two levels of a supply chain. Section 7 adds imperfect competition downstream. Section 8 considers contracts in a setting with a single downstream firm and multiple upstream firms, including the case of a single incumbent firm facing potential entry. Section 9 reviews the role of contracts in competing supply chains. Sections 10 and 11 review the dynamics of supply chain contracting and an explicit asymmetric information approach to contracting. Section 12 reviews the key contributions to the fundamental issues of vertical integration, investment in specific assets, and long run or relational contracting. Section 13 concludes the monograph with an overview of additional issues in the economics of supply chain contracting
