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A short course of lectures
«Generalized Microeconomics»





THREAT TO THE AGENT DUE TO EXTINCTION OF THE PRINCIPALMODEL B: UNIFORM DISTRIBUTIONS OF THE PROBABILITY OF EXTINCTION W.R.T. PROFITABILITYTHE COASE THEOREM FOR THE CASE WHERE A PRODUCER HARMS A CONSUMERSET OF FEASIBLE PRODUCTION SITUATIONS IN A CENTRALLY PLANNED ECONOMYTHE GENERALIZED COASE THEOREM FOR POSITIVE EXTERNALITIES AND AGENTS MAXIMIZING THEIR OWN SURVIVAL PROBABILITYTHE WILLINGNESS TO REDISTRIBUTE IN FAVOUR OF PUBLIC GOODS (THE ACCEPTABILITY OF TAXATION)THE COASE THEOREM FOR POSITIVE EXTERNALITIESTHE COASETHEOREM FOR NEGATIVE EXTERNALITIESMORAL HAZARDMODELLING NON-PROFIT INSTITUTIONS: THE UNIVERSITY SUPPLY FUNCTIONINSURANCE DEMAND IN THE KAHNEMAN-TVERSKY MODEL (PROSPECT THEORY, PT)THE GENERALIZED PRINCIPLE OF ECONOMIC RATIONALITYTHE COASE THEOREM FOR NEGATIVE EXTERNALITIES: THE CASE OF TWO PRODUCERSALTRUISTIC ALLOCATION MODELSMODEL A: INFORMATION EFFECT = INFORMATION ACQUISITION AND TRANSFER COSTMULTIPLE POSITIVE EXTERNALITY PROVIDERS MODELINSURANCE DEMAND IN THE VON NEUMANN-MORGENSTERN MODEL OF MAXIMIZATION OF THE EXPECTED UTILITY OF INCOME (EU THEORY)SOME DEBATABLE PRINCIPLES/RULES OF THE DONOR ACTIVITIES OF THE STATEMODELLING RISK AND HEDGING AGAINST ITCOMPARISON OF THE STANDARD HOMO ECONOMICUS WITH A SURVIVAL-PROBABILITY-MAXIMIZING AGENTMAXIMIZATION OF THE ABSOLUTE RESERVEMODEL C: NORMAL DISTRIBUTIONS OF THE PROBABILITY OF EXTINCTION W.R.T. PROFITABILITYTHE 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 THEORYREDISTRIBUTIONMODEL A: UNIFORM DISTRIBUTIONS OF THE PROBABILITY OF EXTINCTION W.R.T. PRICEMODEL OF ABSOLUTE SOLIDARITYUNIVERSITY SUPPLY FUNCTIONMODEL B: INFORMATION EFFECT < INFORMATION ACQUISITION AND TRANSFER COSTGENERAL PARETO PROBABILITY DISTRIBUTIONTHE "DEMAND SIDE" OF REDISTRIBUTION: THE INFORMATION PROBLEMHYPOTHESES REGARDING THE WILLINGNESS TO CONTRIBUTE TO REDISTRIBUTIONMODEL OF MINIMIZATION OF THE RISK OF SIMULTANEOUS EXTINCTION OF BOTH INDIVIDUALS: CRUEL ALTRUISMMODEL B: MINIMUM EXTINCTION RISK STRATEGYTHE GENERALIZED COASE THEOREM FOR NEGATIVE EXTERNALITIES IN THE CONTEXT OF SURVIVAL PROBABILITY MAXIMIZATIONTHE PROBLEM OF SECONDARY INSOLVENCYSECOND-ORDER PARETO PROBABILITY DISTRIBUTIONMODELS OF DECISION-MAKING IN AN ECONOMY WITH WIDESPREAD SECONDARY INSOLVENCYFOR MULATION OF THE LENINGRAD CASINO PROBLEMMORAL HAZARD AND ADVERSE SELECTION IN THE CONTEXT OF MAXIMIZATION OF THE PROBABILITY OF ECONOMIC SURVIVALMODELS OF MARKET ALLOCATION OF EXTERNALITIES, GENERALIZED COASE THEOREMEFFICIENCY OF ACQUISITION AND TRANSFER OF INFORMATION BETWEEN AGENTS THAT DEPEND ON EACH OTHER TO SURVIVEMAXIMIZATION OF THE RELATIVE RESERVE (I.E. MAXIMIZATION OF THE PARETO PROBABILITY OF SURVIVAL IN A CPE)ADVERSE SELECTIONTHE PRODUCER'S OPTIMUM UNDER INCREASING RETURNS TO SCALEAPPLICATION OF GENERALIZED MICROECONOMICS: MAXIMIZATION OF THE PROBABILITY OF ECONOMIC SURVIVALECONOMIC RATIONALITY IN THE NON-PROFIT SECTORMODEL A: MINIMAX STRATEGYTHE INDEX PLANNING METHOD AND THE CRITERION OF A PRODUCER IN A CENTRALLY PLANNED ECONOMYALTERNATIVES TO THE HOMO ECONOMICUS PARADIGMBEHAVIOUR OF A FIRM IN A CENTRALLY PLANNED ECONOMY- THE HOMO SE ASSECURANS MODELPROBABILITY OF SURVIVAL FOR INCOME AS A RANDOM VARIABLEAN OPTIMIZATION MODEL OF UNIVERSITY BEHAVIOURINSURANCE IN THE MODEL OF MAXIMIZATION OF AN AGENT'S PARETO PROBABILITY OF (ECONOMIC) SURVIVALPARETO DISTRIBUTION OF THE PROBABILITY OF SURVIVALTHE STATE IN THE ROLE OF DONORMODEL OF THE ST. PETERSBURG PARADOXPRESCRIBED SUBSIDY USE STRUCTUREADVERSE SELECTION IN THE CONTEXT OF PROBABILITY OF SURVIVALMINIMIZATION OF THE SUBJECTIVE PROBABILITY OF ECONOMIC EXTINCTIONPRINCIPAL-AGENT MODELCOMPARISON OF THE DEMAND FUNCTIONS OF MODELS A, B, AND C (FROM THE PREVIOUS THREE SECTIONS)FIRST-ORDER PARETO PROBABILITY DISTRIBUTIONEMISSIONS PERMIT MARKETMORAL HAZARD IN THE CONTEXT OF PROBABILITY OF SURVIVALSINGLE POSITIVE EXTERNALITY PROVIDER MODELFOREWORDRESULT OF NON-TRANSFERABILITY OF A SUBSIDY TO THE NEXT PERIOD-OPTIMAL SUBSIDYTIMING MODELALTRUISM AND BELONGING TO THE COMMUNITYALTRUISM AND REDISTRIBUTION INCREASING THE PROBABILITY OF SURVIVAL OF INDIVIDUALSMODEL OF AN ECONOMY WITH WIDESPREAD CORPORATE INSOLVENCY
 
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