publication . Article . 2011

The possibility of behavioral new institutional economics

菊沢, 研宗;
Open Access English
  • Published: 01 Jan 2011 Journal: Keio business review, issue 46-2, pages 25(1)-42(18) (issn: 0453-4557, Copyright policy)
  • Publisher: Society of Business and Commerce, Keio University
Behavioral economics has recently been the subject of considerable research with the consequence that theories in behavioral economics and finance have complementarily developed to comprise a research field known as 'behavioral finance'. Subsequent studies seeking to integrate game theory and behavioral economics come under the 'behavioral game theory' umbrella, while those wanting to integrate contract theory and behavioral economics fall under 'behavioral contract theory'. Given such circumstances, the remaining avenue to explore is the integration of behavioral economics and new institutional economics, the latter consisting of transaction cost economics, age...
free text keywords: new institutional economics, behavioral economics, neoclassical economics, transaction cost economics, Popper, pluralistic world, value function
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Article . 2011
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