ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM
Ondřej Černík, Radim Valenčík, Petr Wawrosz
Strony: 10-25
Opublikowano: 14 Sep 2020
Wyświetlenia: 1,686
Pobrania: 217
Citations: 3 (Google Scholar)
Streszczenie: 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.
Słowa kluczowe: capital market, game theory, human capital, investment, nash bargaining problem, productive consumption economics, social wealth
Cytowanie artykułu: Ondřej Černík, Radim Valenčík, Petr Wawrosz. ECONOMICS OF PRODUCTIVE CONSUMPTION AND MULTIPOINT EXPANSION OF NASH BARGAINING PROBLEM. Journal of International Scientific Publications: Economy & Business 14, 10-25 (2020). https://www.scientific-publications.net/en/article/1002070/
Powrót do spisu treści tomu
© 2026 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
