MODELING ECONOMIC POLICY OF MANDATED BENEFITS IN TERMS OF BOUNDED RATIONALITY OF INDIVIDUALS

Рік публікації: 
2015
Збірник №: 
1
Мова статті: 
Англійська
Нумерація сторінок: 
058-063
Аннотація: 
The basic aspects and issues of mandated benefits and bounded rationality seem to be deeply investigated in works of many foreign as well as Ukrainian researches and scientists. However, the problems related to the influence on productivity of employees and the level of GDP are not covered enough. In view of this subject of the research is still topical. The main aim of this paper is to present a model of economic policy of mandated benefits in the labor market in terms of bounded rationality of individuals. The research analyzes the neoclassical theory of rational decisions, the cognitive prerequisites of bounded rationality of market agents, determines the advantages and disadvantages of mandated benefits. Apart from that, the paper develops a mechanism of setting the size of mandated benefits in order to optimize social welfare and simulates the effect of mandated benefits under gender discrimination in the labor market.
Повний текст статті: 
DOI: 
10.14308/ite000492
Література: 
1.Brennan T. J., Lo A. W. An Evolutionary Model of Bounded Rationality and Intelligence // Northwestern University School of Law, Chicago. (March, 2012): 32 p. 2. Simon H. A. Rationality as Process and as Product of Thought. // American Economic Review, Vol. 68, No. 2. (1978): pp. 1–16. 3. Summers L. H. Some Simple Economics of Mandated Benefits // The American Economic Review, Vol. 79, No. 2. (1989): pp. 177-183. 4. Marwala T. Semi-bounded Rationality: A model for decision making (May, 2013): 8 p. 5. Simon. H. A. Models of Bounded Rationality: Empirically grounded economic reason // The MIT Press, Vol. 3, Cambridge (1997): pp. 275-325. 6. Rassadina A.Y Modeling Economic Policy of Mandated Benefits in Terms of Bounded Rationality of Individuals / / Financial system of the state: challenges and prospects. - Kyiv: EKONOMEN, (2013): pp. 122-125.