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Generalized microeconomics /
The generalization of microeconomics (maximization of probability of agent's survival) enabled model description of economic rationality even in the fields, where profit maximization is not suitable, like redistribution, non-profit sector, both positive and negative externalities, centrally pla...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Prague, Czech Republic] :
Karolinum Press,
2013.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Hlaváček, Jiří, |e author. | |
| 245 | 1 | 0 | |a Generalized microeconomics / |c Jiří Hlaváček and Michal Hlaváček ; reviewed by Jan Pelikán, Milan Žák ; edited by Jan Havlíček. |
| 264 | 1 | |a [Prague, Czech Republic] : |b Karolinum Press, |c 2013. | |
| 264 | 4 | |c ©2013 | |
| 300 | |a 1 online resource (207 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Online resource; title from PDF title page (ebrary, viewed October 21, 2014). | |
| 505 | 0 | |a Foreword; 1. The generalized principle of economic rationality; 1.1 Alternatives to the homo economicus paradigm; 1.2 Minimization of the subjective probability of economic extinction; 1.3 Pareto distribution of the probability of survival; 1.3.1 First-order Pareto probability distribution; 1.3.2 Second-order Pareto probability distribution; 1.3.3 General Pareto probability distribution; 2. Modelling risk and hedging against it; 2.1 Probability of survival for income as a random variable; 2.2 Formulation of the Leningrad casino problem; 2.3 Model of the St. Petersburg paradox. | |
| 505 | 8 | |a 3. Moral hazard and adverse selection in the context of maximization of the probability of economic survival3.1 Principal-agent model; 3.1.1 Adverse selection; 3.1.2 Moral hazard; 3.2 Application of generalized microeconomics: Maximization of the probability of economic survival; 3.2.1 Threat to the agent due to extinction of the principal; 3.2.2 Adverse selection in the context of probability of survival; 3.2.3 Moral hazard in the context of probability of survival; 3.2.4 Comparison of the standard homo economicus with a survival-probability-maximizing agent. | |
| 505 | 8 | |a 4. The demand function in the insurance market: Comparison of maximization of the Pareto probability of survival with the von Neumann-Morgenstern EU theory and Kahneman-Tversky prospect theory4.1 Insurance in the model of maximization of an agent's Pareto probability of (economic) survival; 4.2 Insurance demand in the von Neumann-Morgenstern model of maximization of the expected utility of income (EU theory); 4.3 Insurance demand in the Kahneman-Tversky model (prospect theory, PT); 4.4 C omparison of the demand functions of models A, B, and C (from the previous three sections). | |
| 505 | 8 | |a 5. Modelling non-profit institutions: The university supply function5.1 Economic rationality in the non-profit sector; 5.2 An optimization model of university behaviour; 5.3 University supply function; 6. Behaviour of a firm ina centrally planned economy-the homo se assecurans model; 6.1 Set of feasible production situations in a centrally planned economy; 6.2 The index planning method and the criterion of a producer in a centrally planned economy; 6.3 Maximization of the absolute reserve. | |
| 505 | 8 | |a 6.4 Maximization of the relative reserve (i.e. maximization of the pareto probability of survival in a CPE)7. Model of an economy with widespread corporate insolvency; 7.1 The problem of secondary insolvency; 7.2 Models of decision-making in an economy with widespread secondary insolvency; 7.2.1 Model A: minimax strategy; 7.2.2 Model B: minimum extinction risk strategy; 8. The producer's optimum under increasing returns to scale; 8.1 Model A: uniform distributions of the probability of extinction w.r.t. price. | |
| 520 | |a The generalization of microeconomics (maximization of probability of agent's survival) enabled model description of economic rationality even in the fields, where profit maximization is not suitable, like redistribution, non-profit sector, both positive and negative externalities, centrally planned economy etc. When profit criterion is adequate, the general criterion is identical with profit maximization. | ||
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 590 | |a JSTOR |b Books at JSTOR Demand Driven Acquisitions (DDA) | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Microeconomics. | |
| 650 | 6 | |a Microéconomie. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industries |x General. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Economics / Microeconomics |2 bisacsh | |
| 650 | 7 | |a Microeconomics |2 fast | |
| 700 | 1 | |a Hlaváček, Michal, |e author. | |
| 700 | 1 | |a Pelikán, Jan, |e reviewer. | |
| 700 | 1 | |a Žák, Milan, |e reviewer. | |
| 700 | 1 | |a Havlíček, Jan, |e editor. | |
| 758 | |i has work: |a Generalized microeconomics (Text) |1 https://id.oclc.org/worldcat/entity/E39PCH8w4f6cpjc9XdTG4Mfwmd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Hlaváček, Jiří. |t Generalized microeconomics. |d [Prague, Czech Republic] : Karolinum Press, ©2013 |h 207 pages |z 9788024620244 |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1996760 |z Texto completo |
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