Imperfect Match

Liebe ist eigenwillig

Author: Ina Linger

Publisher: epubli

ISBN: 3737509573

Category: Fiction

Page: 288

View: 5632

Liebe kann manchmal sehr verwirrend sein und ist nur schwer zu steuern ...

Imperfect Competition and International Trade

Author: Gene M. Grossman

Publisher: MIT Press

ISBN: 9780262570930

Category: Business & Economics

Page: 387

View: 7347

This book collects 19 of the most influential articles on trade with imperfect competition, providing ready access to current research by top-level economists.

Imperfect Insurance Markets

An Economic Analysis of Externalities and Consumer Diversity

Author: Annette Hofmann

Publisher: VVW GmbH

ISBN: 9783862981137

Category: Business & Economics

Page: 198

View: 6511

The focus of this thesis is on consumer diversity. Incorporating consumer heterogeneity into economic analysis is well-established in industrial organization literature; this aspect is, however, often neglected in microeconomic insurance models. A first new approach lies in analyzing risk interdependencies. When risks are interdependent, an agent's decision to self-protect affects the loss probabilities faced by others. Due to these externalities, economic agents invest too little in prevention relative to the socially efficient level by ignoring marginal external costs or benefits conferred on others. We analyze an insurance market with externalities of loss prevention. It is shown in a model with heterogenous agents and imperfect information that a monopolistic insurer can achieve the social optimum by engaging in premium discrimination. An insurance monopoly reduces not only costs of risk selection, but may also play an important social role in loss prevention. This result can be empirically confirmed. We also deal with the impact of intermediation on insurance market transparency and performance. In a differentiated insurance market under imperfect information, uninformed consumers may become informed about product suitability by consulting an intermediary. We analyze current broker compensation systems: commissions and fees. While insurers' equilibrium profits are equivalent under both systems, social welfare under fees is first-best efficient. Both systems may offer the opportunity to increase profits via collusion. Under a commission system, collusion enables insurers to separate consumers into groups purchasing different contracts. Insurers may then extract additional rents from some consumers. This might explain why intermediaries tend to be compensated by insurers in practice. Finally, we study optimal monopoly pricing given imperfect information and heterogenous policyholders. Die in englischer Sprache verfasste Arbeit ist der mikroökonomischen Analyse von Versicherungsmärkten gewidmet. Zunächst werden einige wichtige theoretische Grundlagen der Versicherungsnachfragetheorie beschrieben. Eine zentrale Erweiterung des Basismodells stellen interdependente Risiken dar. Bestehen Risikointerdependenzen, so sind alle Maßnahmen, die die Schadenshäufigkeit reduzieren, mit positiven externen Effekten verbunden. Es wird gezeigt, dass im Gleichgewicht das realisierte Präventionsniveau unterhalb des optimalen Niveaus angesiedelt ist. Aufgrund der Externalitäten kommt es zu einem Marktversagen und nur ein Monopolversicherer kann eine differenzierte Prämienstruktur herbeiführen, die zum optimalen Präventionsniveau führt. Dieses Ergebnis kollidiert mit dem Ergebnis, dass wettbewerbliche Versicherungsmärkte zu einer höheren Gesamtwohlfahrt führen, es lässt sich jedoch empirisch stützen. Ein weiterer Schwerpunkt der Arbeit liegt auf unvollkommenen Versicherungsmärkten, wobei heterogene Versicherungsnachfrager mit unterschiedlichen Produktpräferenzen und Informationskosten unterstellt werden. In einem solchen Markt erhöhen Versicherungsvermittler die Markttransparenz und damit auch die Gewinne der Versicherer. Im Mittelpunkt steht die Analyse verschiedener Vergütungsformen der Vermittler. Ein Vergütungssystem auf Basis von Beratungshonoraren ist einem Provisionssystem aus wohlfahrtsökonomischer Perspektive vorzuziehen. Aus Sicht der Versicherer kehrt sich dieses Ergebnis allerdings um, sobald es zur Kollusion zwischen Versicherern und Vermittlern kommt. Der letzte Schwerpunkt liegt in der Analyse einer optimalen Preispolitik eines Versicherungsmonopolisten bei heterogenen Nachfragern, die sich durch ihre Risikopräferenzen und damit ihre individuelle Zahlungsbereitschaft für Versicherungen unterscheiden.


Author: Sanjay Manjrekar

Publisher: Harper Collins

ISBN: 9352774523

Category: Biography & Autobiography

Page: 224

View: 4042

This book is about me, my cricket career, my life. My strengths and weaknesses, my successes and failures. Every individual lives a uniquely different life. Life stories are always interesting. No one leads an uneventful life. Having been a sportsman, I also want young, aspiring sportsmen to learn from my career. Like a father once said to his son: 'I made twenty mistakes in my life, you'll make twenty new ones.' In Imperfect, Sanjay Manjrekar uses his famous analytical powers to look back on his own career as a cricketer. His photographic memory takes the reader along on his journey from the dusty maidans of Mumbai to the world stage as the combative batsman faces up to the fearsome West Indian and Pakistani pace attacks. In his precise plainspeak, Sanjay reflects on his father Vijay Manjrekar and the effects of his personality on his game. He comments on the complex equations with the India greats with whom he shared the dressing room, and on the lessons learnt from his opponents. He also reveals his own excruciating obsession with batting technique, the quest for perfection, and the battle to shake off his mental shackles. Imperfect sets a new standard for cricket writing in India, with significant life lessons even for those who aren't cricket fans.

Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

Author: Kiyohiko G. Nishimura

Publisher: Oxford University Press

ISBN: 9780198290391

Category: Business & Economics

Page: 231

View: 4228

This theoretical work links a microeconomic model of imperfectly informed firms and unions in monopolistic competition to a general theory of wage and price setting in a macroeconomic model. The analysis is based on profit maximization and rational behavio

Imperfect Knowledge Economics

Exchange Rates and Risk

Author: Roman Frydman,Michael D. Goldberg

Publisher: Princeton University Press

ISBN: 9780691121604

Category: Business & Economics

Page: 340

View: 4534

Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior. Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades. Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.

Imperfect Unions

Security Institutions Over Time and Space

Author: Helga Haftendorn,Robert Keohane,Celeste Wallender

Publisher: OUP Oxford

ISBN: 0191583391

Category: Political Science

Page: 394

View: 2048

International institutions play important roles in political-military issues as well as in economic and environmental affairs. Indeed, it is impossible to understand efforts to resolve regional and local conflicts, or the form and pace of alliance formation and expansion, without paying attention to security institutions. Imperfect Unions discusses a wide variety of security institutions, including NATO, the Western European Union, United Nations peacekeeping, the ASEAB Regional Forum, and the Organisation for Security and Co-operation in Europe. It describes changes in security institutions, documents the effects of such institutions on national policies, and explores the conditions that affect the patterns of co-operation and discord that ensue. The book helps to improve our understanding of recent developments in international relations such as NATO enlargement and the regionalization of peacekeeping. In theoretical terms, it shows how institutionalist approaches, such as those represented in this volume, can enrich the important field of security studies.

The Economics of Imperfect Competition

A Spatial Approach

Author: Melvin L. Greenhut,George Norman,Chao-Shun Hung

Publisher: Cambridge University Press

ISBN: 9780521315647

Category: Business & Economics

Page: 408

View: 2133

This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.

Perfect Love, Imperfect Relationships

Healing the Wound of the Heart

Author: John Welwood

Publisher: Shambhala Publications

ISBN: 9780834822757

Category: Psychology

Page: 160

View: 2509

While most of us have moments of loving freely and openly, it is often hard to sustain this where it matters most—in our intimate relationships. Why if love is so great and powerful are human relationships so challenging and difficult? If love is the source of happiness and joy, why is it so hard to open to it fully and let it govern our lives? In this book, John Welwood addresses these questions and shows us how to overcome the most fundamental obstacle that keeps us from experiencing love's full flowering in our lives. Perfect Love, Imperfect Relationships begins by showing how all our relational problems arise out of a universal, core wounding around love that affects not only our personal relationships but the quality of life in our world as a whole. This wounding shows up as a pervasive mood of unlove—a deep sense that we are not intrinsically lovable just as we are. And this shuts down our capacity to trust, so that even though we may hunger for love, we have difficulty opening to it and letting it circulate freely through us. This book takes the reader on a powerful journey of healing and transformation that involves learning to embrace our humanness and appreciate the imperfections of our relationships as trail-markers along the path to great love. It sets forth a process for releasing deep-seated grievances we hold against others for not loving us better and against ourselves for not being better loved. And it shows how our longing to be loved can magnetize the great love that will free us from looking to others to find ourselves. Written with penetrating realism and a fresh, lyrical style that honors the subtlety and richness of our relationship to love itself, this revolutionary book offers profound and practical guidance for healing our lives as well as our embattled world.

Economics for an Imperfect World

Essays in Honor of Joseph E. Stiglitz

Author: Joseph E. Stiglitz

Publisher: MIT Press

ISBN: 9780262012058

Category: Business & Economics

Page: 702

View: 2659

The focus of Joseph Stiglitz's work in economics throughout his long and distinguished career has been on the real world, with all of its imperfections.

Imperfect Paradise

Shen Congwen

Author: Congwen Shen,Jeffrey C. Kinkley

Publisher: University of Hawaii Press

ISBN: 9780824817152

Category: Fiction

Page: 537

View: 1612

This book provides the most comprehensive and authoritative representation in English of the remarkable Shen Congwen canon, ranging from the polished stories that made him a serious contender for the Nobel literary prize in the 1980s to lesser known, extravagant experimental pieces.

Imperfect competition in international trade

Author: Winston Chang,Seiichi Katayama

Publisher: Springer Science & Business Media

ISBN: 9780792395461

Category: Business & Economics

Page: 271

View: 8981

Imperfect Competition in International Trade provides a theoretical analysis of international trade and industrial policy by developing and using new models of trade with imperfect competition. Modeling of imperfect competition within international trade has been difficult until recent breakthroughs in this area, which have provided a more realistic view of the world economy. This book builds on these advances provided by such tools as game theory and the theory of monopolistic competition.

Imperfect Oracle

The Epistemic and Moral Authority of Science

Author: Theodore L. Brown

Publisher: Penn State Press

ISBN: 0271046295

Category: Science

Page: 352

View: 3389

Science and its offshoot, technology, enter into the very fabric of our society in so many ways that we cannot imagine life without them. We are surrounded by crises and debates over climate change, stem-cell research, AIDS, evolutionary theory and &“intelligent design,&” the use of DNA in solving crimes, and many other issues. Society is virtually forced to follow our natural tendency, which is to give great weight to the opinions of scientific experts. How is it that these experts have come to acquire such authority, and just how far does their authority reach? Does specialized knowledge entitle scientists to moral authority as well? How does scientific authority actually function in our society, and what are the countervailing social forces (including those deriving from law, politics, and religion) with which it has to contend? Theodore Brown seeks to answer such questions in this magisterial work of synthesis about the role of science in society. In Part I, he elucidates the concept of authority and its relation to autonomy, and then traces the historical growth of scientific authority and its place in contemporary American society. In Part II, he analyzes how scientific authority plays out in relation to other social domains, such as law, religion, government, and the public sphere.

Imperfect Conceptions

Medical Knowledge, Birth Defects and Eugenics in China

Author: Frank Dikötter


ISBN: 9781850653318

Category: Abnormalities, Human

Page: 226

View: 617

Since Deng Xiaoping's accession to power in 1978, human genetics has come to occupy centre stage in China, as a growing number of socially undesirable traits are attributed to so-called bad genes, which the state seeks to regulate.

Reconstructing Keynesian Economics with Imperfect Competition

A Desk-top Simulation

Author: Robin Lapthorn Marris

Publisher: Edward Elgar Publishing

ISBN: 9781782541233

Category: Business & Economics

Page: 327

View: 642

'Professor Robin Marris, who almost thirty years ago made pioneering contributions on the theory of managerial capitalism, has now written a fascinating and highly unusual book on Keynesian macroeconomics.' - Amitava Krishna Dutt, Review of Social Economy '. . . the book provides many valuable insights for macroeconomists on both sides of the Atlantic.' - Stephen McCafferty, Journal of Economic Literature This path-breaking book - written by a leading economist - is certain to create controversy and will lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made an important theoretical advance which will have a major impact on the economics profession.

Kinematics and Dynamics of Multibody Systems with Imperfect Joints

Models and Case Studies

Author: Paulo Flores,Jorge Ambrósio,J.C. Pimenta Claro,Hamid M. Lankarani

Publisher: Springer Science & Business Media

ISBN: 9783540743613

Category: Technology & Engineering

Page: 169

View: 9928

This book presents suitable methodologies for the dynamic analysis of multibody mechanical systems with joints. It contains studies and case studies of real and imperfect joints. The book is intended for researchers, engineers, and graduate students in applied and computational mechanics.

Future Imperfect

The Mixed Blessings of Technology in America

Author: Howard P. Segal

Publisher: Univ of Massachusetts Press

ISBN: 9780870238826

Category: Social Science

Page: 245

View: 5638

The commonly held conception of America as a potential utopia to be brought about technological progress is old and familiar, with many European roots. And it is a conception still shared by many Americans (and non-Americans) despite growing doubts about both America's and technology's future. The critical issue, all told, is how to live sanely and humanely in America's pervasively technological society. That is where serious discussion about America's and technology's future ought to begin. And it is the focus of this book.

The Economics of Imperfect Markets

The Effects of Market Imperfections on Economic Decision-Making

Author: Giorgio Calcagnini,Enrico Saltari

Publisher: Springer Science & Business Media

ISBN: 9783790821314

Category: Business & Economics

Page: 234

View: 1480

The real world is characterized by the presence of imperfections in goods, financial and labour markets. These imperfections have the potential to create links among those markets that differ in a relevant way from those outlined in the standard model. In financial markets, imperfections can alter the efficiency of the economy and thus cause unintended effects on goods and labour markets. Moreover, in the presence of market distortions, the interaction between policies and institutions becomes a critical aspect. This book, which brings together essays from distinguished scholars on this subject, provides new insights on how these imperfections affect the outcomes of real-world markets.

Future Imperfect

Philip K. Dick at the Movies

Author: Jason P. Vest

Publisher: U of Nebraska Press

ISBN: 9780803218604

Category: Literary Criticism

Page: 223

View: 7120

Examines the first eight cinematic adaptations of Dick's fiction in light of their literary sources.