Economic theories are often encoded in equilibrium models that cannot be directly estimated because they lack features that, while inessential to the theoretical mechanism is central specific theory, would essential fit data well. We propose an econometric approach confronts such with through lens of a time series model good description macroeconomic reality. Our explicitly acknowledges misspec...

We brie‡y review two basic models of settlement bargaining based on concepts from information economics and game theory. We then discuss how these models have been generalized to address issues that arise when there are more than two litigants with related cases. Linkages between cases can arise due to exogenous factors such as correlated culpability or damages, or they can be generated by disc...

Economics concerns phenomena on the interface between materials and processes in the physical world, and strategic actions in cognitive, legal, and cultural realms. A very limited set of questions about the existence of rationally optimal allocations of goods has been asked within the mathematical framework of economic general equilibrium theory. Independently, diverse ad hoc models of particul...

The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence such as the swarming of birds, the working of the brain and the pathfinding of the ants. These techniques have impact on economic theories. This book studies the impact of artificial i...

Title Socio-economic Theories of Crime Abstract This work is an overview of social deviance as it pertains to socio-economics and criminal behavior. It looks at criminal law and punishments, written by those who are not poor, which is imposed more on those who are poor and are committing more of the crime. The question is asked, “if the poor were in power, would there be alternative solutions t...