Overview
- Pulls together many separate strands of research in the area of mechanism design
- Provides detailed analysis of the impact of societal values on contracts
- Makes an important contribution to the study of bounded rationality
- Includes supplementary material: sn.pub/extras
Part of the book series: Studies in Economic Theory (ECON.THEORY, volume 30)
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Table of contents (9 chapters)
Keywords
- Auction Theory
- Behavioral Economics
- Bounded Rationality
- Boundedly Rational Agent
- Contract Theory
- Decision Theory
- Economic Equilibrium
- Economic Theory
- Economic Uncertainty
- Game Theory
- Imperfect Information
- Incomplete Contracts
- Mechanism Design
- Opportunity Cost
- Optimal Contracts
- Optimal Decision
- Revelation Principle
- Revenue Equivalence
- Social Norms
- Utility Maximization
About this book
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.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Social Norms, Bounded Rationality and Optimal Contracts
Authors: Suren Basov
Series Title: Studies in Economic Theory
DOI: https://doi.org/10.1007/978-981-10-1041-5
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Science+Business Media Singapore 2016
Hardcover ISBN: 978-981-10-1039-2Published: 30 May 2016
Softcover ISBN: 978-981-10-9313-5Published: 07 June 2018
eBook ISBN: 978-981-10-1041-5Published: 20 May 2016
Series ISSN: 1431-8849
Series E-ISSN: 2196-9930
Edition Number: 1
Number of Pages: IX, 176