All ebooks in the collection "Studies in Economic Theory" - Springer

The Economics of the Global Environment

Graciela Chichilnisky , Armon Rezai

This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led to a voracious...

Sunspots and Non-Linear Dynamics

Kazuo Nishimura , Alain Venditti , Nicholas C. Yannelis

This book presents the state-of-the-art in non-linear dynamics and sunspots. These two topics have been the core of an international conference on instability and public policies in a globalized world, organized at Aix-Marseille School of Economics and GREQAM in honor...

Social Norms, Bounded Rationality and Optimal Contracts

Suren Basov

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...

Evolutionary Foundations of Equilibria in Irrational Markets

Guo Ying Luo

One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static.  Many traditional...

Irreversible Decisions under Uncertainty

Svetlana Boyarchenko , Sergei Levendorskii

In real life, as well as in economic models, individuals often make decisions in an uncertain environment.In many cases, a problem which an optimizing agent faces can be formulated or reformulated as a problem of optimal timing of a certain irreversible or partially...

Institutions, Equilibria and Efficiency

Christian Schultz , Karl Vind

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and...

Modeling Foundations of Economic Property Rights Theory

Vesna Pasetta

This is an introduction to the foundations of economic property rights t- ory (EPRT). In this volume, a ?rst step in the EPRT research program, rules concerningeconomicpropertyrights(e. p. r. s),entrepreneurialagreements,and enterprises are discussed. Introduced concept...

Essays in Dynamic General Equilibrium Theory

Collectif

In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on...

Recent Developments on Money and Finance

Gabriele Camera

Differential Information Economies

Dionysius Glycopantis , Nicholas C. Yannelis

One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide...