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Social Norms, Bounded Rationality and Optimal Contracts
Hardcover
Series: Studies in Economic Theory, Book 30
ISBN13: 9789811010392
Publisher: Springer
Published: May 30 2016
Pages: 176
Weight: 0.97
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English
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.
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