A comprehensive measure of a country's development factoring in health, education, and living standards, introduced by the United Nations Development Programme.
An assumption on the rate of time preference reflecting a bias towards present rewards, showing a declining discount rate as the time horizon increases.
A comprehensive look at hyperinflation, its definition, historical context, and its implications on the economy.
An analysis of hypothecation, originally a pledge of property as collateral without possession transfer, and its modern tax-associated context.
An examination of hypothesis testing, a foundational algorithm in statistical inference used for evaluating theoretical claims.
Exploration of the concept of hysteresis and its implications in economic dynamics and behavioral economics.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Hold-Up Problem" 6date: 2023-10-05 7description: "A class of contracting problems where one agent’s pre-contractual investment affects the relative bargaining power between agents, potentially hindering mutual gains from collaboration." 8tags: ["contracting problems", "bargaining power", "investment", "economic theory"] 9--- 10 11## Background 12 13The **hold-up problem** refers to a situation often encountered in economics, business, and contractual engagements where one party is hesitant to make investments due to the fear that subsequent negotiation will shift bargaining power unfavorably, leaving them vulnerable to opportunistic behavior by the other party.
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meta: date: false reading_time: false title: “Homo Economicus” date: 2023-10-05 description: “An overview of the concept of homo economicus or economic man, which refers to a simplified model of human behavior in economic theory.” tags: [“homo economicus”, “economic man”, “rational actor model”] Background The term “homo economicus,” or “economic man,” is a fundamental concept in economics that represents an idealized human being who acts rationally, fully informed, and consistently in pursuit of self-interest.
A comprehensive explanation of hard currency, including its definition, historical context, major analytical frameworks, and comparative analysis.
