The problem of arising the Pareto inefficient norm in relations “investor – government” type
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising norms is non-casual; it follows from the behavior of interactive parties. Empirical verification based on statistical data of OECD countries confirms in general the established conclusion.
|Date of creation:||Feb 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Koralai Kirabaeva, 2011. "Adverse Selection and Financial Crises," Bank of Canada Review, Bank of Canada, vol. 2010(Winter), pages 11-19.
- Charness, Gary & Cobo-Reyes, Ramón & Jiménez, Natalia, 2008.
"An investment game with third-party intervention,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 68(1), pages 18-28, October.
- Gary Charness & Ramón Cobo-Reyes & Natalia Jiménez, 2006. "An investment game with third-party intervention," ThE Papers 06/13, Department of Economic Theory and Economic History of the University of Granada..
- Charness, Gary B & Cobo-Reyes, RamÃ³n & JimÃ©nez, Natalia, 2007. "An investment game with third-party intervention," University of California at Santa Barbara, Economics Working Paper Series qt7qg338r3, Department of Economics, UC Santa Barbara.
- Jean Tirole, 2012. "Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning," American Economic Review, American Economic Association, vol. 102(1), pages 29-59, February.
- Amos Tversky & Daniel Kahneman, 1979.
"Prospect Theory: An Analysis of Decision under Risk,"
Levine's Working Paper Archive
7656, David K. Levine.
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
- Giorgio Coricelli & Luis González Morales & Amelie Mahlstedt, 2006.
"The Investment Game With Asymmetric Information,"
Wiley Blackwell, vol. 57(1), pages 13-30, 02.
- Daniel, Kent & Hirshleifer, David & Teoh, Siew Hong, 2002. "Investor psychology in capital markets: evidence and policy implications," Journal of Monetary Economics, Elsevier, vol. 49(1), pages 139-209, January.
- Dennis Dittrich & Werner Guth & Boris Maciejovsky, 2005.
"Overconfidence in investment decisions: An experimental approach,"
The European Journal of Finance,
Taylor & Francis Journals, vol. 11(6), pages 471-491.
- Dennis Dittrich & Werner Güth & Boris Maciejovsky, . "Overconfidence in Investment Decisions: An Experimental Approach," Papers on Strategic Interaction 2001-03, Max Planck Institute of Economics, Strategic Interaction Group.
- Dennis Dittrich & Werner Güth & Boris Maciejovsky, 2001. "Overconfidence in Investment Decisions: An Experimental Approach," CESifo Working Paper Series 626, CESifo Group Munich.
- Anand, Paul & Cowton, Christopher J., 1993. "The ethical investor: Exploring dimensions of investment behaviour," Journal of Economic Psychology, Elsevier, vol. 14(2), pages 377-385, June.
- Pflug, Georg Ch. & Pichler, Alois & Wozabal, David, 2012. "The 1/N investment strategy is optimal under high model ambiguity," Journal of Banking & Finance, Elsevier, vol. 36(2), pages 410-417.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:44745. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.