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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Prague, Czech Republic] :
Karolinum Press,
2013.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource (207 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9788024627212 8024627213 |
Internformat
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. | ||
| 650 | 0 | |a Microeconomics. |0 http://id.loc.gov/authorities/subjects/sh85084819 | |
| 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. |1 https://id.oclc.org/worldcat/entity/E39PBJcwDcTxptYc8d6Wc6ptrq |0 http://id.loc.gov/authorities/names/no00097996 | |
| 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 |
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Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-ocn896833578 |
|---|---|
| _version_ | 1816882294777970688 |
| adam_text | |
| any_adam_object | |
| author | Hlaváček, Jiří Hlaváček, Michal |
| author2 | Pelikán, Jan Žák, Milan Havlíček, Jan |
| author2_role | rev rev edt |
| author2_variant | j p jp m z mz j h jh |
| author_GND | http://id.loc.gov/authorities/names/no00097996 |
| author_facet | Hlaváček, Jiří Hlaváček, Michal Pelikán, Jan Žák, Milan Havlíček, Jan |
| author_role | aut aut |
| author_sort | Hlaváček, Jiří |
| author_variant | j h jh m h mh |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HB172 |
| callnumber-raw | HB172 .H538 2013eb |
| callnumber-search | HB172 .H538 2013eb |
| callnumber-sort | HB 3172 H538 42013EB |
| callnumber-subject | HB - Economic Theory and Demography |
| collection | ZDB-4-EBA |
| contents | 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. 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. 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). 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. 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. |
| ctrlnum | (OCoLC)896833578 |
| dewey-full | 338.5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5 |
| dewey-search | 338.5 |
| dewey-sort | 3338.5 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | ZDB-4-EBA-ocn896833578 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:26:20Z |
| institution | BVB |
| isbn | 9788024627212 8024627213 |
| language | English |
| oclc_num | 896833578 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (207 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Karolinum Press, |
| record_format | marc |
| spelling | Hlaváček, Jiří, author. Generalized microeconomics / Jiří Hlaváček and Michal Hlaváček ; reviewed by Jan Pelikán, Milan Žák ; edited by Jan Havlíček. [Prague, Czech Republic] : Karolinum Press, 2013. ©2013 1 online resource (207 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references and index. Online resource; title from PDF title page (ebrary, viewed October 21, 2014). 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. 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. 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). 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. 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. 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. Microeconomics. http://id.loc.gov/authorities/subjects/sh85084819 Microéconomie. BUSINESS & ECONOMICS Industries General. bisacsh BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Microeconomics fast Hlaváček, Michal, author. Pelikán, Jan, reviewer. Žák, Milan, reviewer. https://id.oclc.org/worldcat/entity/E39PBJcwDcTxptYc8d6Wc6ptrq http://id.loc.gov/authorities/names/no00097996 Havlíček, Jan, editor. has work: Generalized microeconomics (Text) https://id.oclc.org/worldcat/entity/E39PCH8w4f6cpjc9XdTG4Mfwmd https://id.oclc.org/worldcat/ontology/hasWork Print version: Hlaváček, Jiří. Generalized microeconomics. [Prague, Czech Republic] : Karolinum Press, ©2013 207 pages 9788024620244 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=887140 Volltext |
| spellingShingle | Hlaváček, Jiří Hlaváček, Michal Generalized microeconomics / 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. 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. 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). 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. 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. Microeconomics. http://id.loc.gov/authorities/subjects/sh85084819 Microéconomie. BUSINESS & ECONOMICS Industries General. bisacsh BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Microeconomics fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85084819 |
| title | Generalized microeconomics / |
| title_auth | Generalized microeconomics / |
| title_exact_search | Generalized microeconomics / |
| title_full | Generalized microeconomics / Jiří Hlaváček and Michal Hlaváček ; reviewed by Jan Pelikán, Milan Žák ; edited by Jan Havlíček. |
| title_fullStr | Generalized microeconomics / Jiří Hlaváček and Michal Hlaváček ; reviewed by Jan Pelikán, Milan Žák ; edited by Jan Havlíček. |
| title_full_unstemmed | Generalized microeconomics / Jiří Hlaváček and Michal Hlaváček ; reviewed by Jan Pelikán, Milan Žák ; edited by Jan Havlíček. |
| title_short | Generalized microeconomics / |
| title_sort | generalized microeconomics |
| topic | Microeconomics. http://id.loc.gov/authorities/subjects/sh85084819 Microéconomie. BUSINESS & ECONOMICS Industries General. bisacsh BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Microeconomics fast |
| topic_facet | Microeconomics. Microéconomie. BUSINESS & ECONOMICS Industries General. BUSINESS & ECONOMICS / Economics / Microeconomics Microeconomics |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=887140 |
| work_keys_str_mv | AT hlavacekjiri generalizedmicroeconomics AT hlavacekmichal generalizedmicroeconomics AT pelikanjan generalizedmicroeconomics AT zakmilan generalizedmicroeconomics AT havlicekjan generalizedmicroeconomics |