Complexity and Institutions: Markets, Norms and Corporations

Drawing on behavioral, experimental and neoclassical economics, this volume brings together eminent academics and practitioners to provide working macroeconomic models and explore the social norms governing a post-crisis financial world.

MASAHIKO AOKI is a professor of Economics, Stanford University.
KENNETH BINMORE is Emeritus Professor, University of London, UK.
SIMON DEAKIN is a professor of Law, Cambridge University, UK.
HERBERT GINTIS is Emeritus Professor of Economics, University of Massachusetts.

PART I: THEORY AND EMPIRICAL REALITY
Theory and Reality in Economics: Insights from Three Allegories; M.Kandori
PART II: COMPLEX ECONOMIC DYNAMICS: AGENT-BASED AND ANALYTICAL MODELS
The Dynamics of Pure Market Exchange; H.Gintis
Towards an Analytical Solution for Agent Based Models; an Application to a Credit Network Economy; C.Guilmi, M.Gallegati, S.Landini & J.Stiglitz
The EURACE Macroeconomic Model and Simulator; S.Cincotti, M.Roberto & A.Teglio
PART III: SOCIAL NORMS
Aspects of Naturalising the Social Contract; B.Skyrms
The Role of Salience in the Emergence and Reproduction of Norms; R.Sugden
Fairness as an Equilibrium Selection Device; K.Binmore
PART IV: CORPORATE GOVERNANCE AND ORGANISATION
Shapley-Value Parables of Corporations as Evolutive Systems of Associational Cognition; M.Aoki
An End to Consensus? The Selective Impact of Corporate Law Reform on Financial Development; S.Deakin, P.Sarkar & A.Singh
On the Plasticity of the Corporate Form; K.Pistor
Government Banks and Growth: Theory and Evidence; S.Andianova, P.Demetriades & A.Shortland