ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

Journal of International Scientific Publications: Economy & Business

ISSN

1314-7242

e-ISSN

1314-7242

Svazek periodika

14

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

RU - Ruská federace

Počet stran výsledku

16

Strana od-do

10-25

Kód UT WoS článku

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EID výsledku v databázi Scopus

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