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9781137034199

Complexity and Institutions: Markets, Norms and Corporations

by ; ; ;
  • ISBN13:

    9781137034199

  • ISBN10:

    113703419X

  • Format: Hardcover
  • Copyright: 2012-11-27
  • Publisher: Palgrave Macmillan

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Summary

Drawing on behavioral, experimental and neoclassical economics, this volume brings together eminent academics and practitioners to provide working macroeconomic models and explore the social norms governing a post-crisis financial world.

Author Biography

MASAHIKO AOKI is a professor of Economics, Stanford University.
KENNETH BINMORE is Emeritus Professor, University of London, UK.
SIMON DEAKIN is a professor of Law, Cambridge University, UK.
HERBERT GINTIS is Emeritus Professor of Economics, University of Massachusetts.

Table of Contents

PART I: THEORY AND EMPIRICAL REALITY
Theory and Reality in Economics: Insights from Three Allegories; M.Kandori
PART II: COMPLEX ECONOMIC DYNAMICS: AGENT-BASED AND ANALYTICAL MODELS
The Dynamics of Pure Market Exchange; H.Gintis
Towards an Analytical Solution for Agent Based Models; an Application to a Credit Network Economy; C.Guilmi, M.Gallegati, S.Landini & J.Stiglitz
The EURACE Macroeconomic Model and Simulator; S.Cincotti, M.Roberto & A.Teglio
PART III: SOCIAL NORMS
Aspects of Naturalising the Social Contract; B.Skyrms
The Role of Salience in the Emergence and Reproduction of Norms; R.Sugden
Fairness as an Equilibrium Selection Device; K.Binmore
PART IV: CORPORATE GOVERNANCE AND ORGANISATION
Shapley-Value Parables of Corporations as Evolutive Systems of Associational Cognition; M.Aoki
An End to Consensus? The Selective Impact of Corporate Law Reform on Financial Development; S.Deakin, P.Sarkar & A.Singh
On the Plasticity of the Corporate Form; K.Pistor
Government Banks and Growth: Theory and Evidence; S.Andianova, P.Demetriades & A.Shortland

Supplemental Materials

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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

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