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Título : Rationality and Operators : The Formal Structure of Preferences Tipo de documento: documento electrónico Autores: Cato, Susumu ; SpringerLink (Online service) Editorial: Singapore : Springer Singapore Fecha de publicación: 2016 Otro editor: Imprint: Springer Colección: SpringerBriefs in Economics, ISSN 2191-5504 Número de páginas: IX, 124 p. 1 illus Il.: online resource ISBN/ISSN/DL: 978-981-10-1896-1 Idioma : Inglés (eng) Palabras clave: Economic theory Welfare economics Economics Social Choice/Welfare Economics/Public Choice Theory/Quantitative Economics/Mathematical Methods Clasificación: 330 Economía en general Resumen: This unique book develops an operational approach to preference and rationality as the author employs operators over binary relations to capture the concept of rationality. A preference is a basis of individual behavior and social judgment and is mathematically regarded as a binary relation on the set of alternatives. Traditionally, an individual/social preference is assumed to satisfy completeness and transitivity. However, each of the two conditions is often considered to be too demanding; and then, weaker rationality conditions are introduced by researchers. This book argues that the preference rationality conditions can be captured mathematically by "operators," which are mappings from the set of operators to itself. This operational approach nests traditional concepts in individual/social decision theory and clarifies the underlying formal structure of preference rationality. The author also applies his approach to welfare economics. The core problem of 'new welfare economics,' developed by Kaldor, Hicks, and Samuelson, is the rationality of social preference. In this book the author translates the social criteria proposed by those three economists into operational forms, which provide new insights into welfare economics extending beyond 'new welfare economics.' Nota de contenido: 1 Introduction -- 1.1 The Aim of This Book -- 1.2 Rationality of Preference -- 1.3 An Operational Interpretation of Theorems of Welfare Economics -- 1.4 What Can the Operational Approach Achieve? -- 1.5 A Historical Perspective -- 1.6 The Structure of This Book -- 2 Preferences and Operators -- 2.1 Introduction -- 2.2 Binary Relations -- 2.3 Basic Results on Operators -- 2.4 Closure Operators -- 2.5 Concluding Remarks -- 3 Rationality and Operators -- 3.1 Introduction -- 3.2 Properties of Binary Relations -- 3.3 Choice Functions -- 3.4 Extensions -- 3.5 Concluding Remarks -- 4 Operations over the Set of Binary Relations -- 4.1 Introduction -- 4.2 Basic Results -- 4.3 Direct Operations over the Set of Binary Relations -- 4.4 Indirect Operations over the Set of Binary Relations -- 4.5 Concluding Remarks -- 5 Application to Welfare Economics -- 5.1 Introduction -- 5.2 Setting -- 5.3 Paretian Welfare Economics -- 5.4 The Kaldor-Hicks Compensation Principle -- 5.5 Bergsonian-Samuelson Approach of Welfare Economics -- 5.6 Concluding Remarks -- 6 Conclusion: Beyond Ordinal Operators -- 6.1 More Applications -- 6.2 Operators for Ordinal Preferences -- 6.3 Operators for Cardinal Preferences -- 6.4 Final Remarks -- Index En línea: http://dx.doi.org/10.1007/978-981-10-1896-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=41896 Rationality and Operators : The Formal Structure of Preferences [documento electrónico] / Cato, Susumu ; SpringerLink (Online service) . - Singapore : Springer Singapore : Imprint: Springer, 2016 . - IX, 124 p. 1 illus : online resource. - (SpringerBriefs in Economics, ISSN 2191-5504) .
ISBN : 978-981-10-1896-1
Idioma : Inglés (eng)
Palabras clave: Economic theory Welfare economics Economics Social Choice/Welfare Economics/Public Choice Theory/Quantitative Economics/Mathematical Methods Clasificación: 330 Economía en general Resumen: This unique book develops an operational approach to preference and rationality as the author employs operators over binary relations to capture the concept of rationality. A preference is a basis of individual behavior and social judgment and is mathematically regarded as a binary relation on the set of alternatives. Traditionally, an individual/social preference is assumed to satisfy completeness and transitivity. However, each of the two conditions is often considered to be too demanding; and then, weaker rationality conditions are introduced by researchers. This book argues that the preference rationality conditions can be captured mathematically by "operators," which are mappings from the set of operators to itself. This operational approach nests traditional concepts in individual/social decision theory and clarifies the underlying formal structure of preference rationality. The author also applies his approach to welfare economics. The core problem of 'new welfare economics,' developed by Kaldor, Hicks, and Samuelson, is the rationality of social preference. In this book the author translates the social criteria proposed by those three economists into operational forms, which provide new insights into welfare economics extending beyond 'new welfare economics.' Nota de contenido: 1 Introduction -- 1.1 The Aim of This Book -- 1.2 Rationality of Preference -- 1.3 An Operational Interpretation of Theorems of Welfare Economics -- 1.4 What Can the Operational Approach Achieve? -- 1.5 A Historical Perspective -- 1.6 The Structure of This Book -- 2 Preferences and Operators -- 2.1 Introduction -- 2.2 Binary Relations -- 2.3 Basic Results on Operators -- 2.4 Closure Operators -- 2.5 Concluding Remarks -- 3 Rationality and Operators -- 3.1 Introduction -- 3.2 Properties of Binary Relations -- 3.3 Choice Functions -- 3.4 Extensions -- 3.5 Concluding Remarks -- 4 Operations over the Set of Binary Relations -- 4.1 Introduction -- 4.2 Basic Results -- 4.3 Direct Operations over the Set of Binary Relations -- 4.4 Indirect Operations over the Set of Binary Relations -- 4.5 Concluding Remarks -- 5 Application to Welfare Economics -- 5.1 Introduction -- 5.2 Setting -- 5.3 Paretian Welfare Economics -- 5.4 The Kaldor-Hicks Compensation Principle -- 5.5 Bergsonian-Samuelson Approach of Welfare Economics -- 5.6 Concluding Remarks -- 6 Conclusion: Beyond Ordinal Operators -- 6.1 More Applications -- 6.2 Operators for Ordinal Preferences -- 6.3 Operators for Cardinal Preferences -- 6.4 Final Remarks -- Index En línea: http://dx.doi.org/10.1007/978-981-10-1896-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=41896 Ejemplares
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Título : Mutual Insurance 1550-2015 : From Guild Welfare and Friendly Societies to Contemporary Micro-Insurers Tipo de documento: documento electrónico Autores: Van Leeuwen, Marco H. D ; SpringerLink (Online service) Editorial: London : Palgrave Macmillan UK Fecha de publicación: 2016 Otro editor: Imprint: Palgrave Macmillan Colección: Palgrave Studies in the History of Finance Número de páginas: XIII, 321 p. 3 illus Il.: online resource ISBN/ISSN/DL: 978-1-137-53110-0 Idioma : Inglés (eng) Palabras clave: Finance Insurance Finance--History Social history Welfare economics structure inequality Financial History Personal Finance/Wealth Management/Pension Planning Choice/Welfare Economics/Public Choice Structure, Inequality Clasificación: 330 Economía en general Resumen: In the modern Western world, we tend to be insured by the state or for-profit insurers. We have privileged this system over mutual or micro-insurance, whose long and rich history we tend to forget. Yet, mutual and micro-insurance is becoming increasingly important, both in the Western and in the non-Western world and bears re-examination. This book traces the track record of mutual insurance from 1550 to the present, examining provisions for burial, sickness, unemployment, old age, and widowhood. The author seeks to address such topics as the type of risks micro-insurance covered between 1550 and 2015; how it was organized throughout its history; who provided the coverage; and how contributions, benefit levels, and conditions have changed. Importantly, the author explores why this system has worked through, and endured, the test of time. Mutual insurance can, for instance, overcome classic insurance problems such as adverse selection and moral hazards. The author demonstrates that the study of the position micro-insurance historically assumed in mixed economies of welfare presents interesting lessons for today's insurance market, as well as for today's mutualism Nota de contenido: Chapter 1) Mutual Insurance -- Chapter 2) The Era of the Guilds: Mutual Insurance 1550-1800 -- Chapter 3) The Age of the Friendly Societies:Mutual Insurance in the Nineteenth Century -- Chapter 4) The Rise and Decline of Modern Trade Union Insurance, 1900-65 -- Chapter 5) New Initiatives, 1965-2015 -- Chapter 6) Principles and Practices of Mutual Insurance, 1550-2015 En línea: http://dx.doi.org/10.1057/978-1-137-53110-0 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42008 Mutual Insurance 1550-2015 : From Guild Welfare and Friendly Societies to Contemporary Micro-Insurers [documento electrónico] / Van Leeuwen, Marco H. D ; SpringerLink (Online service) . - London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016 . - XIII, 321 p. 3 illus : online resource. - (Palgrave Studies in the History of Finance) .
ISBN : 978-1-137-53110-0
Idioma : Inglés (eng)
Palabras clave: Finance Insurance Finance--History Social history Welfare economics structure inequality Financial History Personal Finance/Wealth Management/Pension Planning Choice/Welfare Economics/Public Choice Structure, Inequality Clasificación: 330 Economía en general Resumen: In the modern Western world, we tend to be insured by the state or for-profit insurers. We have privileged this system over mutual or micro-insurance, whose long and rich history we tend to forget. Yet, mutual and micro-insurance is becoming increasingly important, both in the Western and in the non-Western world and bears re-examination. This book traces the track record of mutual insurance from 1550 to the present, examining provisions for burial, sickness, unemployment, old age, and widowhood. The author seeks to address such topics as the type of risks micro-insurance covered between 1550 and 2015; how it was organized throughout its history; who provided the coverage; and how contributions, benefit levels, and conditions have changed. Importantly, the author explores why this system has worked through, and endured, the test of time. Mutual insurance can, for instance, overcome classic insurance problems such as adverse selection and moral hazards. The author demonstrates that the study of the position micro-insurance historically assumed in mixed economies of welfare presents interesting lessons for today's insurance market, as well as for today's mutualism Nota de contenido: Chapter 1) Mutual Insurance -- Chapter 2) The Era of the Guilds: Mutual Insurance 1550-1800 -- Chapter 3) The Age of the Friendly Societies:Mutual Insurance in the Nineteenth Century -- Chapter 4) The Rise and Decline of Modern Trade Union Insurance, 1900-65 -- Chapter 5) New Initiatives, 1965-2015 -- Chapter 6) Principles and Practices of Mutual Insurance, 1550-2015 En línea: http://dx.doi.org/10.1057/978-1-137-53110-0 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42008 Ejemplares
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Título : Social Welfare Functions and Development : Measurement and Policy Applications Tipo de documento: documento electrónico Autores: Kakwani, Nanak ; Son, Hyun Hwa ; SpringerLink (Online service) Editorial: London : Palgrave Macmillan UK Fecha de publicación: 2016 Otro editor: Imprint: Palgrave Macmillan Número de páginas: XXIX, 355 p. 35 illus Il.: online resource ISBN/ISSN/DL: 978-1-137-58325-3 Idioma : Inglés (eng) Palabras clave: Public policy Econometrics Welfare economics Development Economics Social Choice/Welfare Economics/Public Choice Policy Clasificación: 330 Economía en general Resumen: Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question. This study develops indicators that are sensitive to both the level and the distribution of individuals' capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space. Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life. En línea: http://dx.doi.org/10.1057/978-1-137-58325-3 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42087 Social Welfare Functions and Development : Measurement and Policy Applications [documento electrónico] / Kakwani, Nanak ; Son, Hyun Hwa ; SpringerLink (Online service) . - London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016 . - XXIX, 355 p. 35 illus : online resource.
ISBN : 978-1-137-58325-3
Idioma : Inglés (eng)
Palabras clave: Public policy Econometrics Welfare economics Development Economics Social Choice/Welfare Economics/Public Choice Policy Clasificación: 330 Economía en general Resumen: Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question. This study develops indicators that are sensitive to both the level and the distribution of individuals' capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space. Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life. En línea: http://dx.doi.org/10.1057/978-1-137-58325-3 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42087 Ejemplares
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Título : Nudge Theory in Action : Behavioral Design in Policy and Markets Tipo de documento: documento electrónico Autores: Sherzod Abdukadirov ; SpringerLink (Online service) Editorial: Cham : Springer International Publishing Fecha de publicación: 2016 Otro editor: Imprint: Palgrave Macmillan Colección: Palgrave Advances in Behavioral Economics Número de páginas: XIX, 351 p. 4 illus., 1 illus. in color Il.: online resource ISBN/ISSN/DL: 978-3-319-31319-1 Idioma : Inglés (eng) Palabras clave: Behavioral economics Welfare Population Economics Behavioral/Experimental Social Choice/Welfare Economics/Public Choice Clasificación: 330 Economía en general Resumen: This collection challenges the popular but abstract concept of nudging, demonstrating the real-world application of behavioral economics in policy-making and technology. Groundbreaking and practical, it considers the existing political incentives and regulatory institutions that shape the environment in which behavioral policy-making occurs, as well as alternatives to government nudges already provided by the market. The contributions discuss the use of regulations and technology to help consumers overcome their behavioral biases and make better choices, considering the ethical questions of government and market nudges and the uncertainty inherent in designing effective nudges. Four case studies - on weight loss, energy efficiency, consumer finance, and health care - put the discussion of the efficiency of nudges into concrete, recognizable terms. A must-read for researchers studying the public policy applications of behavioral economics, this book will also appeal to practicing lawmakers and regulators Nota de contenido: 1 Overview of Behavioral Economics and Policy -- 2 The Four Pillars of Behavioral Paternalism -- 3 Failing Better: What We Learn by Confronting Risk and Uncertainty -- 4 Behavioral Nudges and Consumer Technology -- 5 Private-Sector Nudging: The Good, the Bad, and the Uncertain -- 6 Who Should Nudge? -- 7 Weight Loss Nudges: Market Test or Government Guess? -- 8 Nudging in an Evolving Marketplace: How Markets Improve Their Own Choice Architecture -- 9 One Standard to Rule Them All: The Disparate Impact of Energy Efficiency Regulations -- 10 Nudges in Healthcare En línea: http://dx.doi.org/10.1007/978-3-319-31319-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42226 Nudge Theory in Action : Behavioral Design in Policy and Markets [documento electrónico] / Sherzod Abdukadirov ; SpringerLink (Online service) . - Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2016 . - XIX, 351 p. 4 illus., 1 illus. in color : online resource. - (Palgrave Advances in Behavioral Economics) .
ISBN : 978-3-319-31319-1
Idioma : Inglés (eng)
Palabras clave: Behavioral economics Welfare Population Economics Behavioral/Experimental Social Choice/Welfare Economics/Public Choice Clasificación: 330 Economía en general Resumen: This collection challenges the popular but abstract concept of nudging, demonstrating the real-world application of behavioral economics in policy-making and technology. Groundbreaking and practical, it considers the existing political incentives and regulatory institutions that shape the environment in which behavioral policy-making occurs, as well as alternatives to government nudges already provided by the market. The contributions discuss the use of regulations and technology to help consumers overcome their behavioral biases and make better choices, considering the ethical questions of government and market nudges and the uncertainty inherent in designing effective nudges. Four case studies - on weight loss, energy efficiency, consumer finance, and health care - put the discussion of the efficiency of nudges into concrete, recognizable terms. A must-read for researchers studying the public policy applications of behavioral economics, this book will also appeal to practicing lawmakers and regulators Nota de contenido: 1 Overview of Behavioral Economics and Policy -- 2 The Four Pillars of Behavioral Paternalism -- 3 Failing Better: What We Learn by Confronting Risk and Uncertainty -- 4 Behavioral Nudges and Consumer Technology -- 5 Private-Sector Nudging: The Good, the Bad, and the Uncertain -- 6 Who Should Nudge? -- 7 Weight Loss Nudges: Market Test or Government Guess? -- 8 Nudging in an Evolving Marketplace: How Markets Improve Their Own Choice Architecture -- 9 One Standard to Rule Them All: The Disparate Impact of Energy Efficiency Regulations -- 10 Nudges in Healthcare En línea: http://dx.doi.org/10.1007/978-3-319-31319-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42226 Ejemplares
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Título : Value Economics : The Ethical Implications of Value for New Economic Thinking Tipo de documento: documento electrónico Autores: Griffiths, M. R ; Lucas, J. R ; SpringerLink (Online service) Editorial: London : Palgrave Macmillan UK Fecha de publicación: 2016 Otro editor: Imprint: Palgrave Macmillan Número de páginas: XV, 281 p Il.: online resource ISBN/ISSN/DL: 978-1-137-54187-1 Idioma : Inglés (eng) Palabras clave: Business ethics Finance Philosophy and social sciences Welfare economics Economic policy Economics Policy Ethics of the Social Sciences Choice/Welfare Economics/Public Choice Finance, general Clasificación: 330 Economía en general Resumen: The last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economics considers a number of rational philosophical principles for business management, on which practical codes of business ethics can be based. As the creation of value has moral implications for economic justice, the book reaffirms the argument for economics as a moral science, and seeks, within the context of proposed changes in the regulation and control of financial services, to answer the following question: will things really change after the last financial crisis? Nota de contenido: 1. Economics as a Moral Science -- 2. Cooperation and Facilitation -- 3. Money as 'Encapsulated Choice' -- 4. The Moneyed Society -- 5. Boom or Bust -- 6. Work and Employment -- 7. Economic Value and Intrinsic Value -- 8. Relating Economic Value to Executive Compensation -- 9. Regulation and Control of Economic Value -- 10. Corporate Social Responsibility and Business Ethics -- 11. Philosophy of Economics and Business Ethics -- 12. New Economic Thinking and Economic Justice En línea: http://dx.doi.org/10.1057/978-1-137-54187-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42024 Value Economics : The Ethical Implications of Value for New Economic Thinking [documento electrónico] / Griffiths, M. R ; Lucas, J. R ; SpringerLink (Online service) . - London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016 . - XV, 281 p : online resource.
ISBN : 978-1-137-54187-1
Idioma : Inglés (eng)
Palabras clave: Business ethics Finance Philosophy and social sciences Welfare economics Economic policy Economics Policy Ethics of the Social Sciences Choice/Welfare Economics/Public Choice Finance, general Clasificación: 330 Economía en general Resumen: The last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economics considers a number of rational philosophical principles for business management, on which practical codes of business ethics can be based. As the creation of value has moral implications for economic justice, the book reaffirms the argument for economics as a moral science, and seeks, within the context of proposed changes in the regulation and control of financial services, to answer the following question: will things really change after the last financial crisis? Nota de contenido: 1. Economics as a Moral Science -- 2. Cooperation and Facilitation -- 3. Money as 'Encapsulated Choice' -- 4. The Moneyed Society -- 5. Boom or Bust -- 6. Work and Employment -- 7. Economic Value and Intrinsic Value -- 8. Relating Economic Value to Executive Compensation -- 9. Regulation and Control of Economic Value -- 10. Corporate Social Responsibility and Business Ethics -- 11. Philosophy of Economics and Business Ethics -- 12. New Economic Thinking and Economic Justice En línea: http://dx.doi.org/10.1057/978-1-137-54187-1 Link: https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=42024 Ejemplares
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