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Economic Behavior, Game Theory, and Technology in Emerging Markets

Book Description

Game Theory has provided an extremely useful tool in enabling economists to venture into unknown areas. Its concepts of conflict and cooperation apply whenever the actions of several agents are interdependent; providing language to formulate as well as to structure, analyze, and understand strategic scenarios. Economic Behavior, Game Theory, and Technology in Emerging Markets explores game theory and its deep impact in developmental economics, specifically the manner in which it provides a way of formalizing institutions. This is particularly important for emerging economies which have not yet received much attention in the academic world. This publication is useful for academics, professors, and researchers in this field, but it has also been compiled to meet the needs of non-specialists as well.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Book Series
  5. Editorial Advisory Board and List of Reviewers
    1. Editorial Advisory Board
  6. Dedication
  7. Foreword
  8. Preface
  9. Chapter 1: The Relevance of Science in Development
    1. ABSTRACT
    2. INTRODUCTION
    3. COMPARING DIFFERENT INDICES OF KNOWLEDGE AND SOCIO-TECHNICAL DEVELOPMENT AS TO ITS CLOSENESS TO GDPC
    4. COMPARING THE FORCE OF SCIENTIFIC VS. TECHNOLOGICAL KNOWLEDGE IN PREDICTING FUTURE ECONOMIC GROWTH
    5. RELATIONSHIP BETWEEN KNOWLEDGE AND ECONOMIC GROWTH
    6. DETERMINING THE SCIENTIFIC DISCIPLINES WITH THE CLOSEST LINK TO ECONOMIC DEVELOPMENT
    7. CONCLUSION
  10. Chapter 2: Accounting for the Growth of Real GDP in Cuba, 1990-2010
    1. ABSTRACT
    2. A BRIEF HISTORY
    3. METHODOLOGY
    4. GROWTH ACCOUNTING
    5. EMPLOYMENT DATA AND PRODUCTIVITY DIFFERENTIALS
    6. TENTATIVE CONCLUSION
  11. Chapter 3: Business Ethics in Emerging Economies
    1. ABSTRACT
    2. INTRODUCTION
    3. BUSINESS ETHICS
    4. FOUR KEY ISSUES
    5. CONCLUSION
  12. Chapter 4: Decision-Making in Economics
    1. ABSTRACT
    2. INTRODUCTION
    3. DECISION MAKING IN CRITICAL SITUATIONS: AN ECONOMIC PERSPECTIVE
    4. WHAT ECONOMISTS SHOULD LEARN FROM NEUROBIOLOGISTS ABOUT HUMAN DECISION MAKING
    5. A NEUROBIOLOGICAL PERSPECTIVE OF CRITICAL ECONOMIC DECISION-MAKING IN EMERGING MARKETS
    6. CONCLUSION: A MARRIAGE OF METHODOLOGIES IS URGENTLY REQUIRED
  13. Chapter 5: A Road Map for a Domestic Wind Turbine Manufacturıng Industry in Turkey
    1. ABSTRACT
    2. 1. INTRODUCTION
    3. 2. SUSTAINABLE DEVELOPMENT AND THE SOCIO-ECONOMIC BENEFITS OF WIND ENERGY
    4. 3. POLICY CHALLENGES FOR THE PROMOTION OF WIND ENERGY
    5. 4. IMPERATIVES FOR CREATING A DOMESTIC WIND TURBINE MANUFACTURING INDUSTRY IN TURKEY: LESSONS FROM SEVERAL COUNTRIES
    6. 5. CONCLUSION
  14. Chapter 6: Social Capital, the Culture of Trust, and Economic Development
    1. ABSTRACT
    2. 1. INTRODUCTION
    3. 3. MODELS OF SOCIAL CAPITAL
    4. 4. DYNAMICS AND NETWORKS
    5. 5. THE ROLE OF INSTITUTIONS AND TECHNOLOGY
  15. Chapter 7: The Evolution of Business Ethics to Business Law
    1. ABSTRACT
    2. INTRODUCTION
    3. THE EVOLUTION OF BUSINESS ETHICS TO BUSINESS LAW
    4. BUSINESS ETHICS: CYNICISM
    5. BUSINESS ETHICS: WHAT IS ETHICS?
    6. ETHICAL PROBLEMS: INDIVIDUALS VS. ORGANIZATIONS
    7. BUSINESS ETHICS AND THE LAW
    8. LAW
    9. THE RELATIONSHIP BETWEEN ETHICS AND LAW
    10. FOCUSING ON THE POSITIVE, THE ETHICAL, AND THE SOCIALLY RESPONSIBLE IN BUSINESS ETHICS
    11. SUSTAINABILITY FOR BUSINESS ETHICS
    12. CONCLUSION
  16. Chapter 8: Intelligent Business Decision-Making in Global Organizations via Fuzzy Reasoning Systems
    1. ABSTRACT
    2. INTRODUCTION
    3. THE HUMAN MIND
    4. THINKING STAGES
    5. APPROXIMATE REASONING
    6. METHODOLOGICAL ASPECTS
    7. CRISP UNCERTAINTY MODELING
    8. FUZZY UNCERTAINTY MODELING
    9. FUZZY RULE BASE TECHNIQUE
    10. BUSINESS AND CULTURE
    11. UNCERTAINTY AVOIDANCE (UA) IN CULTURES
    12. POWER DISTANCE (PD)
    13. LONG-TERM (LT) ORIENTATION
    14. INDIVIDUALISM/COLLECTIVISM (IC)
    15. MASCULINITY/FEMININITY (M-F)
    16. FUZZY MODEL PRINCIPLES
    17. BUSINESS MODEL
    18. INTERNAL FACTORS- EXPERIENCE
    19. EXTERNAL FACTORS: SOCIO-CULTURAL CONDITIONS
    20. VARIOUS HYPOTHESES
    21. BASIC DATA AND FUZZY MEMBERSHIP FUNCTIONS
    22. CONCLUSION
  17. Chapter 9: A Survey of Game Theory Applications in Turkey
    1. ABSTRACT
    2. INTRODUCTION
    3. THE FUNDAMENTALS OF GAME THEORY
    4. RESEARCH METHODOLOGY
    5. CONCLUSION
  18. Chapter 10: Interorganizational Relationships
    1. ABSTRACT
    2. 1. INTERORGANIZATIONAL RELATIONSHIPS: CONCEPT ORIGIN AND THEORETICAL FRAME
    3. 2. INTERORGANIZATIONAL RELATIONSHIPS AND RELATIONAL GOVERNANCE
    4. 3. IOR CLIMATE ATTRIBUTES
    5. CONCLUSION
  19. Chapter 11: Interorganizational Information Systems and Interorganizational Relationships
    1. ABSTRACT
    2. 1. THEORETICAL APPROACHES OF TECHNOLOGY AND INTERORGANIZATIONAL INFORMATION SYSTEMS
    3. 2. OVERVIEW OF INTERORGANIZATIONAL INFORMATION SYSTEMS
    4. 3. CONCLUSION
  20. Chapter 12: Game Theory vs. Business Ethics
    1. ABSTRACT
    2. INTRODUCTION
    3. THE GAME IN GAME THEORY
    4. THE HISTORY OF GAME THEORY
    5. GAME THEORY AND BUSINESS ETHICS
    6. BUSINESS ETHICS
    7. PRACTITIONERS’ ETHICAL PARADIGM
    8. EMERGING ECONOMICS
    9. GAME THEORY VERSUS BUSINESS ETHICS IN EMERGING ECONOMICS
    10. CONCLUSION
  21. Chapter 13: Reducing Corruption and Protecting Privacy in Emerging Economies
    1. ABSTRACT
    2. INTRODUCTION
    3. THE IMPACT OF TECHNOLOGY ON EMERGING ECONOMIES
    4. IMPLICATIONS FOR WESTERN SURVEILLANCE POLICY IN EMERGING ECONOMIES
    5. THE ROLE OF AFFECTIVE COMPUTING IN EMERGING ECONOMIES
    6. TOWARDS ‘VOISSAFE’
    7. CONCLUSION AND FUTURE RESEARCH DIRECTIONS
  22. Chapter 14: The Role of Religion and National Culture in Economic Growth of Emerging Markets
    1. ABSTRACT
    2. INTRODUCTION
    3. ECONOMIC GROWTH RATE AND AN EMERGING ECONOMIY
    4. HISTORICAL PERSPECTIVE ON ROLE OF RELIGION ON ECONOMIC GROWTH
    5. PREDICTED GROWTH RATES OF EMERGING ECONOMIES AND THEIR MAJORITY RELIGION
    6. CONCEPTUAL FRAMEWORK FOR RELIGION AND ECONOMIC GROWTH
    7. RELIGION, CULTURE, VALUES, WORK ETHIC, SOCIAL ETHIC AND ECONOMIC GROWTH
    8. RELIGION AND HOFSTEDE’S (2010) DIMENSIONS OF NATIONAL CULTURE
    9. ECONOMIC GROWTH, WORK ETHICS, AND SOCIAL ETHICS OF MAJOR WORLD RELIGIONS
    10. CATHOLIC AND PROTESTANT WORK ETHICS, SOCIAL ETHICS, AND ECONOMIC GROWTH
    11. JEWISH WORK ETHICS, SOCIAL ETHIC, AND ECONOMIC GROWTH
    12. ISLAMIC WORK ETHICS, SOCIAL ETHICS, AND ECONOMIC GROWTH
    13. CONFUCIAN AND DAOIST WORK ETHICS, SOCIAL ETHICS, AND ECONOMIC GROWTH
    14. BUDDHIST WORK ETHICS, SOCIAL ETHICS AND ECONOMIC GROWTH
    15. HINDU WORK AND SOCIAL ETHICS AND ECONOMIC GROWTH
    16. SUMMARY
  23. Chapter 15: A Game Theoretic Approach to Corporate Lending by the Banks in India
    1. ABSTRACT
    2. INTRODUCTION
    3. BACKGROUND
    4. OBJECTIVES
    5. EXTANT LITERATURE
    6. BARGAINING
    7. NON-COOPERATION AND COOPERATION
    8. THE CASE OF DUOPOLY
    9. NASH EQUILIBRIUM
    10. PRISONERS’ DILEMMA
    11. THE ISSUES
    12. CONCLUSION
  24. Chapter 16: Sectoral System of Innovation and Technological Upgrading Strategies
    1. ABSTRACT
    2. 1. INTRODUCTION
    3. 2. MULTILEVEL ANALYSIS OF TECHNOLOGICAL UPGRADING IN LATE-INDUSTRIALIZING CONTEXT
    4. 3. A COMPARATIVE ANALYSIS OF AUTOMOTIVE INDUSTRY BETWEEN KOREA AND TURKEY
    5. 4. AN ASSESSMENT OF TECHNOLOGICAL UPGRADING FROM THE SSI FRAMEWORK: SOUTH KOREA AND TURKEY
    6. 5. CONCLUSION
  25. Chapter 17: Significance of Innovation Policies
    1. ABSTRACT
    2. INTRODUCTION
    3. CONCLUSION
  26. Chapter 18: Sustainable Development and Turkey’s Biomass Energy Potential
    1. ABSTRACT
    2. 1. THE ENERGY SITUATION IN TURKEY: AN INTRODUCTION
    3. 2. BIOMASS ENERGY FROM THE PERSPECTIVE OF SUSTAINABLE DEVELOPMENT
    4. 3. ADVANTAGES AND DISADVANTAGES OF BIOMASS ENERGY
    5. 4. TURKEY’S BIOFUEL ENERGY POTENTIAL
    6. 5. A BRIEF HISTORY OF TURKISH RENEWABLES POLICY AND CURRENT LEGISLATION ON BIOENERGY
    7. 6. RENEWABLE ENERGY POLICIES AND SUGGESTIONS FOR BIOFUEL ENERGY PROMOTION
    8. CONCLUSION
    9. APPENDIX
  27. Chapter 19: The Rationality of Dumping
    1. ABSTRACT
    2. PRICE PREDATION
    3. CONCLUSION
  28. Chapter 20: International Stock Investment Portfolio Management Strategies for Emerging Economies
    1. ABSTRACT
    2. THE CONCEPT OF INVESTMENT AND INVESTMENT PROCESS
    3. THE PORTFOLIO CONCEPT
    4. THE PORTFOLIO MANAGEMENT PROCESS
    5. STOCK PORTFOLIO MANAGEMENT STRATEGIES
    6. STOCK INVESTMENT STYLES
  29. Compilation of References
  30. About the Contributors