Social Norms, Bounded Rationality and Optimal Contracts

Suren Basov (Autor)

Buch | Hardcover

176 Seiten

2016 | 1st ed. 2016
Springer Verlag, Singapore
978-981-10-1039-2 (ISBN)

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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 of bounded rationality by pulling together many separate strands of research in the area of mechanism design, and providing detailed analysis of the impact of societal values on contracts.

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 a particular application to Islamic finance.

Chapter 1 Preface.- Part I Mechanism Design under Bounded Rationality.- Chapter 2 Introduction.- Chapter 3 Complexity constraints and mechanism design.- Chapter 4 Learning, probabilistic choice, and mechanism design.- Chapter 5 Some other models of mechanism design under bounded rationality.- Chapter 6 Conclusions.- Part II Social Norms and Mechanism Design.- Chapter 7 Peer Pressure and Agency Relationship.- Chapter 8 Statistical Mechanics of High Performing Working Systems.- Chapter 9 Optimal contracting in social environment.- Part III Lessons learnt and directions for future research.

Erscheinungsdatum	08.10.2016
Reihe/Serie	Studies in Economic Theory ; 30
Zusatzinfo	IX, 176 p.
Verlagsort	Singapore
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	981-10-1039-0 / 9811010390
ISBN-13	978-981-10-1039-2 / 9789811010392
Zustand	Neuware