ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F20%3A%230000676" target="_blank" >RIV/04274644:_____/20:#0000676 - isvavai.cz</a>

Result on the web

<a href="https://www.scientific-publications.net/get/1000043/1600092454698313.pdf" target="_blank" >https://www.scientific-publications.net/get/1000043/1600092454698313.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM

Original language description

If investment opportunities associated with acquisition, maintenance, and the use of human capital were exploited based on their performance regardless of their ownership, then, from the perspective of productive consumption economics, the distribution of social wealth would be considerably more even, thus not causing problems. Each contract between the owner of investment opportunities and the owner of financial resources can be interpreted as a specific Nash bargaining problem, where payoffs are expressed as income from the use of investment opportunities. A comparison of the microeconomic model of supply and demand of financial resources and investment opportunities with the model of contracts based on Nash bargaining problem enables (1) to identify the role of investment in a social position as the most important barrier to exploiting investment opportunities related to the acquisition, maintenance, and the use of human capital and (2) to describe the mechanism of its effects. This mechanism is based on the idea that the return on investment opportunities available to those who use the opportunity to invest in a social position increases at the expense of the return on investment opportunities of those who are victims of positional investment. The presented model offers several recommendations for solving the issue of wealth and poverty by improving the capital market.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of International Scientific Publications: Economy & Business

ISSN

1314-7242

e-ISSN

1314-7242

Volume of the periodical

14

Issue of the periodical within the volume

1

Country of publishing house

RU - RUSSIAN FEDERATION

Number of pages

16

Pages from-to

10-25

UT code for WoS article

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EID of the result in the Scopus database

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