Microeconomics Books

Book SynopsisThe widely-acclaimed Oxford Review of Economic Policy publishes papers written in a non-technical style by leading policy experts. This second edition of Readings in Microeconomics presents a revised and updated selection of the most significant OREP papers in microeconomics, chosen by the Managing Editor Dr Tim Jenkinson of Keble College Oxford. Topics covered include Industrial Organization, Research and Development, Competition and IndustrialPolicy, Regulation, Externalities and the Environment, International Trade, the Labour Market, and Education and Training. This coverage makes the book an ideal text for second- and third-year students of microeconomics. A companion volume in Macroeconomics is also available.Table of ContentsPART I: INDUSTRIAL ORGANIZATION; PART II: RESEARCH AND DEVELOPMENT; PART III: COMPETITION AND REGULATORY POLICY; PART IV: EXTERNALITIES AND THE ENVIRONMNENT; PART V: INTERNATIONAL TRADE; PART VI: EDUCATION AND TRAINING

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Book SynopsisThe typical British publicly traded company has widely dispersed share ownership and is run by professionally trained managers who collectively own an insufficiently large percentage of shares to dictate the outcome when shareholders vote. This separation of ownership and control has not only dictated the tenor of corporate governance debate in Britain but serves to distinguish the UK from most other countries. Existing theories fail to account adequately for arrangements in the UK. Corporate Ownership and Control accordingly seeks to explain why ownership became divorced from control in major British companies. The book is organized by reference to the ''sell side'', which encompasses the factors that might prompt those owning large blocks of shares to exit or accept dilution of their stake, and the ''buy side'', which involves factors that motivate investors to buy equities and deter the new shareholders from themselves exercising control. The book''s approach is strongly historicalTrade ReviewThis fine survey is a definitive contribution to British business and legal history, but it can also be recommended to anyone trying to understand long-run developments in financial markets and corporate governance elsewhere. * Leslie Hannah, Business History Review *Its ideas are too important to be limited to universities and libraries. And, although the focus is on Britain, it has relevance for other economies, not least the US. * Morgen Witzel, Financial Times *Cheffin's book is an excellent contribution to the missing debate and literature in the United Kingdom on why the separation of ownership from control occured in the United Kingdom. It provides credible reasons with empirical data to support the findings. there are some useful charts and data by way of support. This book is highly recommended and should be on all bookshelves. * Dr Saleem Sheikh, International Company and Commercial Law Review, Issue 10, 2009 *A fascinating analytical investigation of a pervasive feature of modern British companies...for those seeking an understanding of how British companies have developed and of the underlying reasons for the governance of British companies, in their historical and economic context, there can be no better place to start than with this book. It has been meticulously and scrupulously researched and is elegantly and engagingly written...Professor Cheffin's book embodies the very best features of academic scholarship and deserves to be widely read and consulted. It comes with this reviewer's strongest endorsement. * Professor Stephen Girvin, The Journal of Business Law, Issue 7, 2009 *Business historians, economists and, I am sure, a much wider readership will turn repeatedly to this volume for a substantive account of the ownership of British business over the past two centuries * Robin Pearson, University of Hull, Business Archives: Sources and History, No 99 *The author states that the book 'offers numerous insights for those interested in comparative corporate governance, for those engaged in the study of British business and economic history and for those intrigued by the relationship between law and markets' (p.24). There is no doubt that the book succeeds in doing this and in doing it exceedingly well. * Graeme Wines, Accounting History 15.133 *The book offers various insights for advanced students and researchers interested in British business and economic history. And, although it focuses on Britain, the book is a mine of insightful information for those seeking an improved understanding of comparative corporate governance. * Dionysia Katelouzou, Phd, University of Cambridge, Cambridge Student Law Review *...[This book] display[s] an impressive commitment to a multi-disciplinary approach which embraces law, financial economics, and politics, plus frequent checks on empirical evidence, when available. * Ron Weir, University of York, Economic History Review 62.4 *An invaluable source of thought for anyone involved with the basic assumptions of company law * Wolf-Georg Ringe, European Business Organisation Law Review *Table of ContentsPreface ; Table of Cases ; Table of Legislation ; Chapter One: Setting the Scene ; Chapter Two: The Determinants of Ownnership and Control: Current Theories ; Chapter Three: The Sell Side ; Chapter Four: The Buy Side ; Chapter Five: Up to 1880 ; Chapter Six: 1880 - 1914 ; Chapter Seven: The Separation of Ownership and Control by 1914 ; Chapter Eight: 1914 - 1939 ; Chapter Nine: 1940 - 1990: The Sell Side ; Chapter Ten: 1940 - 1990: The Buy Side ; Chapter Eleven: Challenges to the UK System of Ownership and Control ; Index

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Book SynopsisConventional economic theory assumes that consumers are fully rational, that they have well-defined preferences and easily understand the market environment. Yet, in fact, consumers may have inconsistent, context-dependent preferences or simply not enough brain-power to evaluate and compare complicated products. Thus the standard model of consumer behavior-which depends on an ideal market in which consumers are boundlessly rational-is called into question. While behavioral economists have for some time confirmed and characterized these inconsistencies, the logical next step is to examine the implications they have in markets.Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of boundedly rational consumer behavior and embeds them into familiar models of markets. It then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. RTrade ReviewNobody thinks like Adam Smith when buying a toothbrush, but this is the assumption of consumer behavior offered in traditional economics textbooks. Marketing experts used to laugh at such naivety, but they will have to take economic theory more seriously from now on. Ran Spiegler's book takes on the challenge of rewriting the theory of industrial organization without the classical assumption that economic agents are all rational supermen. This is an important book that nobody working on industrial organization will wish to be without. * Ken Binmore, University College London *Spiegler's Bounded Rationality and Industrial Organization is a beautifully written book. He makes a compelling case that understanding what happens when boundedly rational consumers meet sophisticated firms is both intellectually interesting and practically important. He has a wonderful feel for using rigorous models to clarify arguments and develops insights from a number of branches of the emerging literature in a parsimonious way. It is a must read book. * Glenn Ellison, Massachusetts Institute of Technology *Table of Contents1 Introduction ; 1.1 Bibliographic Notes ; I Anticipating Future Preferences ; 2 Dynamically Inconsistent Preferences I: Unconstrained Contracting ; 2.1 The Multi-Selves Model ; 2.1.1 Naivety ; 2.2 Monopoly Pricing ; 2.2.1 Optimal Price Schemes for Sophisticated Consumers ; 2.2.2 Optimal Price Schemes for Naive Consumers ; 2.2.3 Screening the Consumer's Type ; 2.3 Competitive Pricing ; 2.4 Welfare Analysis ; 2.5 Educating Naive Consumers ; 2.6 The Interpretation of Naivety ; 2.7 Two Applications ; 2.8 Other Topics ; 2.8.1 The (?, ?) Model ; 2.8.2 Preference Heterogeneity ; 2.9 Summary ; 2.10 Bibliographic Notes ; 3 Dynamically Inconsistent Preferences II: Constrained Contracting ; 3.1 Two-Part Tariffs ; 3.1.1 Departure from Marginal-Cost Pricing ; 3.1.2 Welfare Analysis ; 3.2 Destabilization of Commitment Devices: Renegotiation and Spot Market ; Competition ; 3.3 Self-Control ; 3.3.1 Implications for Monopoly Pricing ; 3.3.2 Do Self-Control Costs Hamper Competition? ; 3.4 Summary ; 3.5 Bibliographic Notes ; 4 Dynamically Inconsistent Preferences III: Partial Naivety ; 4.1 Magnitude Naivety ; 4.1.1 Monopoly Pricing ; 4.1.2 Are More Sophisticated Consumers Always Better Off? ; 4.2 Frequency Naivety ; 4.2.1 First-Best Monopoly Pricing ; 4.2.2 Second-Best Monopoly Pricing ; 4.2.3 Does Competition Curb Exploitation? ; 4.3 Summary ; 4.4 Bibliographic Notes ; 5 Biased Beliefs without Dynamic Inconsistency ; 5.1 Monopoly Pricing with Over-Optimistic Consumers ; 5.1.1 Comparison with Related Models ; 5.2 Overconfidence: Three-Part Tariffs ; 5.3 Unforeseen Contingencies: Add-On Pricing ; 5.4 A Summary Exercise: Insurance Markets with Biased Consumers ; 5.4.1 Equilibrium Analysis when Subjective Beliefs are Observable ; 5.4.2 Equilibrium Analysis when Subjective Beliefs are Private Information ; 5.5 Summary ; 5.6 Bibliographic notes ; A Appendix to Part I: A Decision-Theoretic Perspective ; A.1 The Multi-Selves Model ; A.2 Self-Control Preferences ; A.3 The Relation between Self-Control Preferences and the Multi-Selves Model ; A.4 Other Classes of Temptation-Driven Preferences ; A.5 Bibliographic Notes ; II Responding to Market Complexity ; 6 Sampling-Based Reasoning: Price Competition and Product Differentiation ; 6.1 A Sampling-Based Choice Procedure ; 6.2 Price Competition and Technology Adoption ; 6.2.1 Nash Equilibrium ; 6.2.2 Welfare Analysis ; 6.3 Spurious Product Differentiation ; 6.3.1 Nash Equilibrium ; 6.3.2 Product Complexity as a Differentiation Device ; 6.4 Can the Market Educate Consumers? ; 6.5 Summary ; 6.6 Bibliographic Notes ; 7 Sampling-Based Reasoning: Obfuscation ; 7.1 A Model of Competitive Obfuscation ; 7.1.1 Nash Equilibrium ; 7.1.2 Welfare Analysis ; 7.2 Production Inefficiencies ; 7.3 Multi-Dimensional Prices ; 7.4 A Market Intervention: Introducing \Simple" Options ; 7.5 Summary ; 7.6 Bibliographic Notes ; 8 Coarse Reasoning ; 8.1 A Modeling Framework ; 8.2 Complex Price Patterns as a Discrimination Device ; 8.2.1 "DeBruijn" Price Sequences ; 8.2.2 Conditions for Profitability of Complex Price Patterns ; 8.3 Limited Understanding of Adverse Selection ; 8.3.1 A Buyer-Seller Example ; 8.3.2 A Benchmark: A Bayesian-Rational Buyer ; 8.3.3 A \Coarse" Buyer ; 8.3.4 Action-Dependent Feedback ; 8.4 Summary ; 8.5 Bibliographic Notes ; III Reference Dependence ; 9 Loss Aversion ; 9.1 Expected Price as a Reference Point: Monopoly Pricing ; 9.1.1 Reduced Price Variability ; 9.1.2 Impact on Expected Prices ; 9.2 Price Uniformity in a Duopoly Setting: \Kinked" Demand ; 9.3 Expected Consumption as a Reference Point: An \Attachment Effect" ; 9.3.1 Personal Equilibrium ; 9.3.2 Price Randomization ; 9.4 Discussion ; 9.4.1 Actual Prices as Reference Points ; 9.4.2 Pleasant Surprises ; 9.5 Summary ; 9.6 Bibliographic Notes ; 10 Inertia I: Price Competition ; 10.1 Price Competition under Consumer Inertia ; 10.2 Price-Frame Competition ; 10.2.1 Nash Equilibrium ; 10.2.2 Equilibrium Properties ; 10.2.3 Two Market Interventions ; 10.3 Consumer Switching ; 10.4 Asymmetric Default Assignment ; 10.5 A Few General Remarks ; 10.5.1 More than Two Frames ; 10.5.2 Revealed Preferences ; 10.6 Summary ; 10.7 Bibliographic Notes ; 11 Inertia II: Costly Marketing 261 ; 11.1 A Model of Competitive Marketing ; 11.2 Nash Equilibrium ; 11.3 The Effective Marketing Property ; 11.4 Discussion ; 11.5 Summary ; 11.6 Bibliographic Notes ; IV Discussion ; 12 Recurring Themes ; 12.1 Complex Pricing Strategies ; 12.2 Spurious Variety ; 12.3 Market Transactions as a Form of Speculative Trade ; 12.4 How Effective are Competition and Consumer Protection Policies? ; 12.5 Externalities between Rational and Boundedly Rational Consumers ; 12.6 Conclusion ; 13 But Can't we Get the Same Thing with a Standard Model? ; 13.1 Rationalization via Modified Information ; 13.2 Rationalization via Modified Preferences ; 13.3 Rationalization via Endogenization ; 13.4 Discussion ; 13.5 Epilogue ; 13.6 Bibliographic Notes ; Bibliography ; Index

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Book SynopsisMuch discussion on corporate governance assumes companies are owned and controlled separately, yet this is not the norm worldwide. This book explores the foundations of separation in UK companies, asking how the widely held company came to prominence and why and how the UK stock market came to be dominated by institutional shareholders.Trade ReviewThis fine survey is a definitive contribution to British business and legal history, but it can also be recommended to anyone trying to understand long-run developments in financial markets and corporate governance elsewhere. * Leslie Hannah, Business History Review *Its ideas are too important to be limited to universities and libraries. And, although the focus is on Britain, it has relevance for other economies, not least the US. * Morgen Witzel, Financial Times *Cheffin's book is an excellent contribution to the missing debate and literature in the United Kingdom on why the separation of ownership from control occured in the United Kingdom. It provides credible reasons with empirical data to support the findings. there are some useful charts and data by way of support. This book is highly recommended and should be on all bookshelves. * Dr Saleem Sheikh, International Company and Commercial Law Review, Issue 10, 2009 *A fascinating analytical investigation of a pervasive feature of modern British companies...for those seeking an understanding of how British companies have developed and of the underlying reasons for the governance of British companies, in their historical and economic context, there can be no better place to start than with this book. It has been meticulously and scrupulously researched and is elegantly and engagingly written...Professor Cheffin's book embodies the very best features of academic scholarship and deserves to be widely read and consulted. It comes with this reviewer's strongest endorsement. * Professor Stephen Girvin, The Journal of Business Law, Issue 7, 2009 *Business historians, economists and, I am sure, a much wider readership will turn repeatedly to this volume for a substantive account of the ownership of British business over the past two centuries * Robin Pearson, University of Hull, Business Archives: Sources and History, No 99 *The author states that the book 'offers numerous insights for those interested in comparative corporate governance, for those engaged in the study of British business and economic history and for those intrigued by the relationship between law and markets' (p.24). There is no doubt that the book succeeds in doing this and in doing it exceedingly well. * Graeme Wines, Accounting History 15.133 *The book offers various insights for advanced students and researchers interested in British business and economic history. And, although it focuses on Britain, the book is a mine of insightful information for those seeking an improved understanding of comparative corporate governance. * Dionysia Katelouzou, Phd, University of Cambridge, Cambridge Student Law Review *...[This book] display[s] an impressive commitment to a multi-disciplinary approach which embraces law, financial economics, and politics, plus frequent checks on empirical evidence, when available. * Ron Weir, University of York, Economic History Review 62.4 *Table of ContentsPreface ; 1. Setting the Scene ; 2. The Determinants of Ownnership and Control: Current Theories ; 3. The Sell Side ; 4. The Buy Side ; 5. Up to 1880 ; 6. 1880 - 1914 ; 7. The Separation of Ownership and Control by 1914 ; 8. 1914 - 1939 ; 9. 1940 - 1990: The Sell Side ; 10. 1940 - 1990: The Buy Side ; 11. Epilogue: Challenges to the UK System of Ownership and Control

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Book SynopsisTracing the development of registries in developed and developing countries, the author argues that, while no single institutional arrangement is appropriate across the board, there are general principles that may be applied to facilitate the protection of both private property and impersonal trade.Trade Review"Benito Arrunada has written an excellent and well-thought-out work that highlights the importance of legal rules - rather than speculative stylized ideas about institutions - in understanding the true value of property rights and the problems impeding real-world reform. The book will find a ready audience among economists, lawyers, political scientists, and the aid community." (Pablo T. Spiller, University of California, Berkeley)"

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Book SynopsisThis text provides an account of the abbe Jacques-Paul Migne, a 19th-century entrepreneur. Characterized by the police as one of the century's great schemers, his marketing of the massive editions of the Church Fathers placed him at the forefront of France's publishing industry.Table of ContentsAcknowledgments 1: The Abbe and the Police 2: Plagiarism and the Press 3: Advertisements for the Self 4: Piracy and Patrology 5: Migne and Money Conclusion: Le Bon Marche and the Ateliers Catholiques Notes Index of Names Subject Index

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Book SynopsisThis is an account of Jacques-Paul Migne, an entrepreneur of the 19th century. A priest in Orleans from 1824 to 1833, Migne then moved to Paris, where, in the space of a decade, he built one of the most extensive publishing ventures of all time. This text records his success.

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Book SynopsisTable of ContentsPrefatory Note Acknowledgments Introduction Murray F. Foss Marilyn E. Manser Allan H. Young I. High-Tech Products: Computers 1. Constant-Quality Price Change, Depreciation, And Retirement Of Mainframe Computers Stephen D. Oliner 2. Price Indexes For Microcomputers: An Exploratory Study Ernst R. Berndt Zvi Griliches Comment (On 1 & 2): Rosanne Cole II. High-Tech Products: Semiconductors 3. Sources Of Price Decline In Computer Processors: Selected Electronic Components Ellen R. Dulberger 4. Cost Function Estimation Of Quality Change In Semiconductors John R. Norsworthy Show-Ling Jang 5. Measurement Of Dram Prices: Technology And Market Structure Kenneth Flamm Comment ( On 3, 4, & 5): Jack E. Triplett III. Quality-Change Issues In Consumer Prices 6. Adjusting Apparel Indexes In The Cpi For Quality Differences Paul R. Liegey Jr. 7. The Effect Of Outlet Price Differentials On The U.S. Consumer Price Index Marshall Reinsdorf Comment (On 6 & 7): Joel Popkin IV. Transaction Prices 8. The Problem Of List Prices In The Producer Price Index: The Steel Mill Products Case Thomas Betsock Irwin B. Gerduk 9. Does Government Regulation Inhibit The Reporting Of Transactions Prices By Business? Murray F. Foss Comment (On 8 & 9): Robert W. Crandall V. Price Indexes For Defense And International Trade 10. The Deflation Of Military Aircraft Richard C. Ziemer Pamela A. Kelly Comment: Arthur J. Alexander VI. Implications Of Bea's Treatment Of Computer Prices For Productivity Measurement 11. Panel Discussion: Implications Of Bea's Treatment Of Computer Prices And Productivity Measurement Chair: Frank De Leeuw Statements: Edward F. Denison, Zvi Griliches, Charles R. Hulten, And Thomas K. Rymes Comments: Arthur J. Alexander, Edwin R. Dean, Reni Durand, And Michael Harper

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Book SynopsisIn recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. Thesecircumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are like the beat of the heart, of the essence of the organism that displays them. In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their investigation in some areas as far back as 1875 to afford a deeper understanding of both economic history and the most recent economic fluctuations. Seven papers address specific aspects of economic activity: consumption, investment, inventory change, fiscal policy, monetary behavior, open economy, and the

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Book SynopsisWhen we donate our unwanted clothes to charity, we rarely think about what will happen to them: who will sort and sell them, and finally, who will revive and wear them. This volume looks at the multibillion dollar secondhand clothing business, as well as its impact on the African economy.

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Book SynopsisWhen we donate our unwanted clothes to charity, we rarely think about what will happen to them: who will sort and sell them, and finally, who will revive and wear them. This volume looks at the multibillion dollar secondhand clothing business, as well as its impact on the African economy.

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Book SynopsisIn the aftermath of the financial crisis, the federal government has pursued regulatory reforms, including proposals to monitor systemic risk. This book addresses the challenges of measuring risk, and looks at the means of measuring systemic risk and explores alternative approaches.

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Book SynopsisThis text focuses on the microeconomic determinants and effects of foreign direct investment (FDI) in the East Asian region, allowing researchers to explore the overall structure of FDI, to offer case studies of individual countries, and consider insights within the context of economic theory.

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Book SynopsisCase studies examining how firms co-ordinate economic activity in the face of asymmetric information are the focus of this volume. It studies the development of the flow of information and co-ordination of economic activity within and between firms.Table of ContentsIntroduction: History and Theory in Search of One Another Naomi R. Lamoreaux, Daniel M. G. Raff. 1: The Puzzling Profusion of Compensation Systems in the Interwar Automobile Industry Daniel M. G. Raff Comment Walter Licht 2: Industrial Engineering and the Industrial Enterprise, 1890-1940 Daniel Nelson Comment Michael J. Piore 3: The Coordination of Business Organization and Technological Innovation within the Firm: A Case Study of the Thomson-Houston Electric Company in the 1880s W. Bernard Carlson Comment John Sutton 4: Organization and Coordination in Geographically Concentrated Industries Michael J. Enright Comment Kenneth L. Sokoloff 5: The Boundaries of the U.S. Firm in R&D David C. Mowery Comment Joel Mokyr 6: Legal Restraints on Economic Coordination: Antitrust in Great Britain and America, 1880-1920 Tony Freyer Comment Victor P. Goldberg 7: The Evolution of Interregional Mortgage Lending Channels, 1870-1940: The Life Insurance-Mortgage Company Connection Kenneth A. Snowden Comment Timothy W. Guinnane 8: The Costs of Rejecting Universal Banking: American Finance in the German Mirror, 1870-1914 Charles W. Calomiris Comment Peter Temin Contributors Name Index Subject Index

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Book SynopsisPredatory pricing has long been a contentious issue among lawmakers and economists. Legal actions are continually brought against companies. But the question remains: how likely are firms to cut prices in order to drive rivals out of business? This text makes an analysis of this topic.Table of ContentsPreface 1. The Debate on Predation 2. Reputational Models of Predation: Testing the Assumptions 3. Nonprofit Objectives and Credible Commitments: What Does This Imply for Government Enterprises? 4. Are Government or Private Enterprises More Likely to Engage in Predatory Behavior? Some International Evidence 5. What Happens When the Victims Have Better Information Than the Predators? 6. Some Final Thoughts Appendixes A. Explaining the Framework Used to Evaluate the Legitimacy of Anti-dumping Cases B. Data Appendix C. Analyzing How the Profitability of Entry Deterrence Is Affected by the Possibility of Trading Profits Notes References Index

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Book SynopsisToday, more American women than ever before stay in the workforce into their sixties and seventies. This trend emerged in the 1980s, and has persisted during the past three decades, despite substantial changes in macroeconomic conditions. Why is this so? Today's older American women work full-time jobs at greater rates than women in other developed countries. In Women Working Longer, editors Claudia Goldin and Lawrence F. Katz assemble new research that presents fresh insights on the phenomenon of working longer. Their findings suggest that education and work experience earlier in life are connected to women's later-in-life work. Other contributors to the volume investigate additional factors that may play a role in late-life labor supply, such as marital disruption, household finances, and access to retirement benefits. A pioneering study of recent trends in older women's labor force participation, this collection offers insights valuable to a wide array of social scientists, employers, and policy makers.

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Book SynopsisA comparative study which focuses on the housing markets of the United States and Japan. Topics discussed include: the evolution of housing prices; housing markets and personal savings; housing finance; commuting; and the impact of public policy on housing markets.Table of ContentsIntroduction Yukio Noguchi and James Poterba 1 Land Prices and House Prices in Japan Yukio Noguchi 2 Land Prices and House Prices in the United States Karl E. Case 3 Housing Finance in Japan Miki Seko 4 Housing Finance in the United States Patric H. Hendershott 5 Housing and the Journey to Work in the Tokyo Metropolitan Area Tatsuo Hatta and Toru Ohkawara 6 Housing and the Journey to Work in U.S. Cities Michelle J. White 7 Housing and Saving in Japan Toshiaki Tachibanaki 8 Housing and Saving in the United States Jonathan Skinner 9 Public Policy and Housing in Japan Takatoshi Ito 10 Public Policy and Housing in the United States James M. Poterba

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Book SynopsisThe National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation's recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level codes of fair competition that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production quotas, and imposing restrictions on new productive capacity. The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act's codes and the radical heterogeneity of its impact across industries and time

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Book SynopsisThis volume explores the intersection of the scientific, clinical, and economic factors affecting the development of PPM, including its effects on the drug pipeline, on reimbursement of PPM diagnostics and treatments, and on funding of the requisite underlying research; and it examines recent empirical applications of PPM.

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Book SynopsisHow do artists, collectors, dealers and curators whose lives and livelihoods are so intimately affected by the valuation of art manage to cope with such an intangible market? To answer this question, this book focuses on the localized and typical world of the St Louis art scene.

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Book SynopsisIn this volume, economists examine forecasting techniques developed over the past ten years, compare their performance to traditional econometric models, and discuss new methods for forecasting and time - series analysis.Table of ContentsAcknowledgments Introduction James H. Stock And Mark W. Watson 1. Twenty-Two Years Of The NBER-ASA Quarterly Economic Outlook Surveys: Aspects And Comparisons Of Forecasting Performance Victor Zarnowitz And Phillip Braun Comment: Allen Sinai 2. A Procedure For Predicting Recessions With Leading Indicators: Econometric Issues And Recent Experience James H. Stock And Mark W. Watson Comment: Kenneth F. Wallis 3. Estimating Event Probabilities From Macroeconometric Models Using Stochastic Simulation Ray C. Fair Comment: James D. Hamilton 4. A Nine Variable Probabilistic Macroeconomic Forecasting Model Christopher A. Sims Comment: Pierre Perron 5. Why Does The Paper-Bill Spread Predict Real Economic Activity? Benjamin M. Friedman And Kenneth N. Kuttner Comment: Ben S. Bernanke 6. Further Evidence On Business Cycle Duration Dependence Francis X. Diebold, Glenn D. Rudebusch, And Daniel E. Sichel Comment: Bruce E. Hansen 7. Dynamic Index Models For Large Cross Sections Danny Quah And Thomas J. Sargent Comment: John Geweke 8. Modelling Non-Linearity Over The Business Cycle Clive W.J. Granger, Timo Terdsvirta, And Heather Anderson Comment: Andrew Harvey Contributors Author Index Subject Index

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Book SynopsisA revealing collection from the intellectual titan whose work shaped the modern world. As an economist and public intellectual, Gary S. Becker was a giant. The recipient of a Nobel Prize, a John Bates Clark Medal, and a Presidential Medal of Freedom, Becker is widely regarded as the greatest microeconomist in history. After forty years at the University of Chicago, Becker left a slew of unpublished writings that used an economic approach to human behavior, analyzing such topics as preference formation, rational indoctrination, income inequality, drugs and addiction, and the economics of family. These papers unveil the process and personalitydirect, critical, curiousthat made him a beloved figure in his field and beyond. The Economic Approach examines these extant works as a capstone to the Becker oeuvrenot because the works are perfect, but because they offer an illuminating, instructive glimpse into the machinations of an economist who wasn't motivated by publications. Here, and throughout his works, an inquisitive spirit remains remarkable and forever resonant.Trade Review"Gary Becker is one of the greatest economists of all time. The Economic Approach is perhaps the best place to start dipping into his work." -- Tyler Cowen | George Mason University"What a tremendous book! Becker was a giant, with an extraordinary combination of intense focus and curiosity, and you can see his genius here. Be prepared to be surprised and illuminated—and to have some fun in the process.” -- Cass R. Sunstein | author of "Too Much Information"Table of ContentsForeword by Edward Glaeser 1. Just the Beginning Acceptance Speech at Bradley Award Ceremony, June 4, 2008 The Spirit of the University of Chicago, September 14, 2010 2. Accounting for Tastes Preference Formation within Families, June 1992 Rational Indoctrination and Persuasion, March 2001 Some Notes on Drugs, Addiction, Families, and Public Policy, May 2000 Promotion Tournaments, Power, Earnings, and Gambling, July 1991 3. Household Production and Human Capital Should the Military Pay for Training of Skilled Personnel? August 15, 1957 Further Reflections on the Allocation of Time, February 2014 The Insurance of Market and Nonmarket Human Capital, November 1980 On Whether Intergenerational Mobility Has Declined in US While Inequality Has Increased, March 2012 Derivation of Relation Between Schooling of Parents and Children and Inequality, April 2012 4. Income Inequality and the Public Sector A Positive Theory of the Redistribution of Income, April 1978 A Note on Optimal First Best Taxation and the Optimal Distribution of Utilities, 1982 5. Family Economics Economics and the Family, September 21, 1999 Chronological Academic Life of Gary S. Becker Selected Writings about Gary S. Becker Bibliography of Gary S. Becker Dissertations Chaired by Gary S. Becker at Columbia University and the University of Chicago Acknowledgments Notes Index

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Book SynopsisA collection of papers addressing issues that affect the well-being of individuals as they age and a society that is composed increasingly of older people. Questions fundamental to public policy are considered, as well as theories that lay new groundwork for future research.

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Book SynopsisCapitalism XXL calls for changing the rules of capitalism in order to tame giant corporations and restore the individual to the world economy. Noels proposes an approach that considers human dimensions and describes a sustainable future economy that will not burden subsequent generations with debt, social inequality, and environmental damage.Trade Review“In an era when tech giants shake the earth like dinosaurs, how should we respond? Amazon merely mentions interest in a sector, and all of the companies there lose 20 percent of their value. Facebook monetizes its users’ data like it’s a division of the National Security Agency. Geert Noels explains the cure for corporate gigantism.” Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy“The ‘winner takes all’ effect is a hot topic today. However, where most economists are focusing on the impact on margins and profits or productivity, Geert Noels takes a wider look at the impact of large systems on mental well-being, communities, and our climate problems.” Pattie Maes, founder of MIT Media Lab’s Fluid Interfaces Group“In an age when bigger is assumed to be better, Geert Noels warns of the perils of size – and makes a convincing case for the benefits of going small. Not only is small beautiful; it is also more economically viable in the long run. Do yourself a big favour and read Capitalism XXL.” Eric Weiner, author of The Geography of Genius: Lessons from the World’s Most Creative Places

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Book SynopsisSpecially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.Trade ReviewPraise for the 8-volume edition: Winner of the 2008 PROSE Award: Best Mutlivolume Reference Work in the Humanitiesand Social Sciences (from the Professional and Scholarly Division of the Association of American Publishers) CHOICE Outstanding Academic Title 2008 "Much has changed in the latest incarnation of this dictionary. ...More than 1,500 economists contributed almost 1,900 signed entries; more than 1,000 of the entries are new or 'heavily revised' and expanded. Along with the descriptions of economic method from earlier editions, this edition includes much information on 'what those methods have found.' It also offers new emphasis on advances that have occurred in microeconomics, Bayesian theory, game theory, and behavioral, international, and experimental economics. ...A regularly updated online version of the dictionary is available www.dictionaryofeconomics.com, with site license pricing based on institution type and FTE. Summing Up: Highly recommended." - CHOICETable of ContentsContents General Preface Introduction List of Contributors List of Entries Entries A-Z Index

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Book SynopsisThe book provides a comprehensive A-to-Z guide for computable general equilibrium (CGE) models, which can analyze various economic issues empirically. CGE Models been widely used for investigating the impacts of economic integration, eco-taxes on environmental problems, regulatory reforms, taxation reforms and transportation system planning.Table of ContentsOverview The Simple CGE Model Computation Social Accounting Matrix Calibration and Computational Strategy for General Equilibrium Standard CGE Model Macro Closure Simulating General Equilibria Interpretation of Simulation Results Model Extension Concluding Remarks

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Book SynopsisThis collection of essays reflects on how modern economics has been shaped by Joseph Stiglitz. High-profile authors spanning microeconomics, macroeconomics, inequality, development, law and economics, and public policy take up the central debates and discoveries of the field and provide insights on the future directions of academic economics.Trade ReviewJoe Stiglitz has touched almost every part of economic theory and economic practice, and every part he has touched is livelier for his influence. The great variety and high quality of the essays in this book are a fitting response to his fertility and energy. -- Robert Solow, Massachusetts Institute of TechnologyJoseph Stiglitz is a national treasure—a distinguished scholar with a Nobel Prize in Economics, a policy maker who played a key role in U.S. economic policy, and a teacher who has profoundly shaped the scholarship and values of his students. The essays in this volume attest to Joe’s enduring success in shaping economic research and dialogue and linking this research to ethical and real world issues. -- Joan E. Spero, Columbia UniversityThis volume is filled with essays by a collection of brilliant scholars who share one thing in common: They were all mentored by Joseph E. Stiglitz. Stiglitz taught more than economics; he taught courage and creativity. These authors are the evidence of his success. -- Robert Johnson, president, Institute for New Economic ThinkingEconomics is often derided as ‘the dismal science’ or technical abstraction. But Joe Stiglitz’s lifetime work has shone a light on distributive justice through economic reasoning. In this extraordinary volume, thirty leading economists examine inequality, networks, and public policy. Toward a Just Society is essential reading for economists and policy professionals. -- Glenn Hubbard, dean and Russell L. Carson Professor of Finance and Economics, Columbia Business School, and former chairman of the U.S. Council of Economic AdvisersJoseph Stiglitz is one of the greatest economists of our day, and in his breadth and depth of influence in economics he has few rivals. This volume offers useful reviews and critiques of the many subfields Stiglitz has contributed to. Faculty, students, policy makers, and journalists will all appreciate this volume. -- Steven Cassou, Kansas State UniversityJoseph Stiglitz's fundamental belief that more equality and more dignity are possible for all shines through in Toward a Just Society. This conversation among generations of Stiglitz’s students and coauthors perfectly celebrates his career as scholar, teacher, and public servant. With groundbreaking work on everything from rents and inequality to the cost of war, this is a fitting testament to the life of the mind and a life well-lived. -- Felicia Wong, president and CEO, Roosevelt InstituteHighly recommended. * Choice *Table of ContentsPreface, by Joseph E. StiglitzIntroduction, by Martin GuzmanPart I. Inequality1. A Firm-Level Perspective on the Role of Rents in the Rise in Inequality, by Jason Furman and Peter Orszag2. Parents, Children, and Luck: Equality of Opportunity and Equality of Outcome, by Ravi Kanbur3. The Middle Muddle: Conceptualizing and Measuring the Global Middle Class, by Arjun Jayadev, Rahul Lahoti, and Sanjay ReddyPart II. Microeconomics4. Companies Are Seldom as Good or as Bad as They Seem at the Time, by Gary Smith5. What’s So Special About Two-Sided Markets?, by Benjamin E. Hermalin and Michael L. Katz6. Missing Money and Missing Markets in the Electricity Industry, by David NewberyPart III. Macroeconomics7. Thoughts on DSGE Macroeconomics: Matching the Moment, But Missing the Point?, by Anton Korinek8. The “Schumpeterian” and the “Keynesian” Stiglitz: Learning, Coordination Hurdles, and Growth Trajectories, by Giovanni Dosi and Maria Enrica Virgillito9. Deleterious Effects of Sustained Deficit Spending, by Edmund Phelps10. The Rediscovery of Financial Market Imperfections, by John C. Williams11. Ambiguity and International Risk Sharing, by Brian Hill and Tomasz MichalskiPart IV. Networks12. Use and Abuse of Network Effects, by Hal Varian13. Financial Contagion Revisited, by Franklin Allen and Douglas Gale14. The Economics of Information and Financial Networks, by Stefano BattistonPart V. Development15. Joseph Stiglitz and China’s Transition Success, by Justin Yifu Lin16. The Sources of Chinese Economic Growth Since 1978, by Lawrence J. Lau17. Knowledge as a Global Common and the Crisis of the Learning Economy, by Ugo PaganoPart VI. Law and Economics18. Conservatism and Switcher’s Curse, by Aaron Edlin19. The “Inner Logic” of Institutional Evolution: Toward a Theory of the Relationship Between Formal and “Informal” Law, by Antara HaldarPart VII. Public Policies20. Joe Stiglitz and Representative and Equitable Global Governance, by José Antonio Ocampo21. The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan, by Linda J. Bilmes22. It Works in Practice, But Would It Work in Theory? Joseph Stiglitz’s Contribution to Our Understanding of Income Contingent Loans, by Bruce Chapman23. The Public Economics of Long-Term Care, by Pierre Pestieau and Gregory Ponthiere24. Jomo E. Stiglitz: Kenya’s First Nobel Laureate in Economics, by Célestin MongaList of ContributorsIndex

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Book SynopsisA broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to school choice.This book offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows the text to analyze a broad set of situations—including such unconventional markets as college admissions and organ donation—and forces readers to pay attention to details that might otherwise be overlooked. Students often complain that microeconomics is too abstract and disconnected from reality; the study of market design shows how theory can help solve existing, real-life problems. The book focuses on the interplay between theory and applications. To keep the text as accessible as possible, special effort has been made to minimize formal

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Book SynopsisThe first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy.The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book

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Book SynopsisA concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade: all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials, this textbook accompanies its explanations with examples and real-world applications.The book covers the basic market model of supply and demand, showing how this “powerhouse” model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization,

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Book SynopsisDetailed answer keys to all 140 self-assessment exercises and solutions to the 173 odd-numbered end-of-chapter exercises in Intermediate Microeconomic Theory.This book accompanies Ana Espinola-Arredondo and Felix Muñoz-Garcia's Intermediate Microeconomic Theory: Tools and Step-by-Step Examples, offering detailed answer keys to all 140 self-assessment exercises and solutions to the 173 odd-numbered end-of-chapter exercises. It provides readable step-by-step explanations and algebra support, enabling students to approach similar exercises on their own, emphasizing the economic intuition behind mathematical results.

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Book SynopsisAlan Griffiths is Reader in Economics at the Ashcroft International Business School, Anglia Ruskin University. Stuart Wall is Professor of Business and Economics Education at the Ashcroft International Business School, Anglia Ruskin University.Table of Contents Part I Micro Business Environment 1: Markets and resource allocation 2: Demand, revenue and consumer behaviour 3: Supply, production and cost 4: Business organisation, objectives and behaviour 5: Firm size, mergers and the ‘public interest’ 6: Market structures 7: Labour and other factor markets 8: Market failure, regulation and competition Part II Macro Business Environment 9: National income determination 10: Government policies: instruments and objectives 11: Political, legal, ecological and technological environment 12: Functions of management: domestic business environment 13: International business environment 14: Strategies in a globalised business environment Appendix 1 Indifference curves, budget lines and the 'law of demand' Appendix 2 Isoquants, isocosts and production References Answers to Stop and think and You try Index

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Book SynopsisAlan Griffiths, BA, MSc, is Reader in Economics in the Ashcroft International Business School, Anglia Ruskin University. Stuart Wall, BA, MSc, is Professor of Business and Economics Education in Anglia Ruskin University, and Head of the Department of International Business and Strategy. They are both authors of Economics for Business and Management', also published by Pearson. Table of ContentsGuided tour Preface Acknowledgements 1 Changes in the economic structure Structure defined Structural change in the UK &n

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Book SynopsisTable of ContentsPart I 1. Overview of Investment Banking 2. Regulation of the Securities Industry 3. Financings 4. Mergers and Acquisitions 5. Trading 6. Asset Management, Wealth Management and Research 7. Exchanges, Clearing and Settlement and Credit Rating Agencies 8. International Banking 9. Convertible Securities and Innovation 10. Investment Banking Careers, Opportunities and Issues Part II 11. Overview of Hedge Funds 12. Hedge Fund Investment Strategies 13. Shareholder Activism and Impact on Corporations 14. Risk, Regulation and Organizational Structure 15. Hedge Fund Performance and Issues 16. Overview of Private Equity 17. LBO Financial Model 18. Private Equity Impact on Corporations 19. Organization, Compensation, Regulation and Limited Partners 20. Private Equity Issues and Opportunities 21. Private Equity in China Cases 1. Investment Banking in 2008 (A): Rise and Fall of the Bear 2. Investment Banking in 2008 (B): A Brave New World 3. Freeport-McMoran: Financing an Acquisition 4. The Best Deal Gillette Could Get?: Procter & Gamble’s Acquisition of Gillette 5. A Tale of Two Hedge Funds: Magnetar and Peloton 6. Kmart, Sears and ESL: How a Hedge Fund Became One of the World’s Largest Retailers 7. McDonald’s, Wendy’s and Hedge Funds-Hamburger Hedging?: Hedge Fund Activisim 8. Porsche, Volkswagen and CSX: Cars, Trains and Derivatives 9. The Toys "R" Us LBO 10. Cerberus and the U.S. Auto Industry 11. H.J. Heinz M&A Transaction 12. Quintilles IPO Transaction 13. New Case on M&A Transaction Litigation

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Book SynopsisThoroughly examine how microeconomic principles apply to health care delivery and its policies with Henderson's insightful HEALTH ECONOMICS AND POLICY, 8E. Updates and expanded content help you explore the changing nature of health care, the social and political sides of issues and the future of health care delivery and finance as the U.S. transitions beyond the Affordable Care Act. You learn how to analyze public policy from an economic perspective as new content addresses today's policy environment and changes as well as reform alternatives. Special features address issues in healthcare today, profile health care leaders and offer global comparisons. A convenient new eBook format provides imbedded links to extra content. New appendices show you how to interpret empirical results and perform economic evaluations. This edition clearly introduces an engaging economic side of health care that's interesting no matter what your major or future plans.Table of ContentsPART I: The Relevance of Economics in Health and Medical Care. 1. U.S. Medical Care: A System at the Crossroads. 2. Health Care Spending Issues. 3. Health Care Markets: Can They Work? 4. Welfare Implications in Medical Markets. 5. Economic Evaluation in Health Care. PART II: Demand-Side Consideration. 6. Demand for Health and Medical Care. 7. Population Health. PART III: Supply-Side Consideration. 8. The Market for Health Insurance. 9. Managed Care. 10. The Physicians��� Services Market. 11. The Hospital Services Market. 12. Pharmaceuticals. PART IV: Public Policy in Medical Care Delivery. 13. Medicare. 14. Medicaid. 15. Health Systems in High Income Countries. 16. Medical Care Reform in the United States. 17. Lessons for Public Policy. Glossary. Index.

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Book SynopsisTable of ContentsPart I: INTRODUCTION. 1. Economic Models. 2. Mathematics Used in Microeconomics. Part II: DEMAND. 3. Utility and Choice. 4. Demand Curves. Part III: UNCERTAINTY AND STRATEGY. 5. Uncertainty. 6. Game Theory. Part IV: PRODUCTION, COSTS, AND SUPPLY. 7. Production. 8. Costs. 9. Profit Maximization and Supply. Part V: PERFECT COMPETITION. 10. Perfect Competition in a Single Market. 11. General Equilibrium and Welfare. Part VI: MARKET POWER. 12. Monopoly. 13. Imperfect Competition. Part VII: INPUT MARKETS. 14. Pricing in Input Markets. Appendix: Labor Supply. 15. Capital and Time. Appendix: Compound Interest. Part VIII: MARKET FAILURES. 16. Asymmetric Information. 17. Externalities and Public Goods. 18. Behavioral Economics.

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Book SynopsisModern Labor Economics: Theory and Public Policy is a leading text in labor economics. This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power, and the effect of machine learning on inequality.Trade ReviewPraise for the thirteenth edition: "Modern Labor Economics incorporates current policy issues while maintaining a strong focus on economic theory. The summaries of seminal academic works are indisputably important for bolstering student knowledge, and the inclusion of real-world applications makes the research far more comprehensible to a broader audience."Tongzhe Li, University of Delaware, USA"A classic in the field of labor economics. Indeed, as the title implies, Ehrenberg and Smith literally put the modern in labor economics as taught to undergraduates. Since first published in 1982, many competing textbooks in labor have come and gone. Ehrenberg and Smith, with impeccable writing, comprehensive coverage of the relevant topics, and intuitive application of economic analysis to the critical public policy problems of the day, has stood both the market test and the test of time." Kevin J. Murphy, Oakland University, Rochester Michigan, USATable of Contents1. Introduction; 2. Overview of the Labor Market; 3. The Demand for Labor; 4. Labor Demand Elasticities; 5. Frictions in the Labor Market; 6. Supply of Labor to the Economy: The Decision to Work; 7. Labor Supply: Household Production, the Family, and the Life Cycle; 8. Compensating Wage Differentials and Labor Markets; 9. Investments in Human Capital: Education and Training; 10. Worker Mobility: Migration, Immigration, and Turnover; 11. Pay and Productivity: Wage Determination Within the Firm; 12. Gender, Race, and Ethnicity in the Labor Market; 13. Unions and the Labor Market; 14. Unemployment; 15. Inequality in Earnings; 16. The Labor Market Effects of International Trade and Production Sharing

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Book SynopsisThe Economics of Banking provides an accessible overview of banking theory and practice. It introduces readers to the building blocks of fundamental theories and provides guidance on state-of-the-art research, reflecting the dramatic changes in the banking industry and banking research over the past two decades.This textbook explores market failure and financial frictions that motivate the role of financial intermediaries, explains the microeconomic incentives and behavior of participants in banking, examines microlevel market stress caused by economic recessions and financial crises, and looks at the role of monetary authorities and banking regulators to reduce systemic fragility as well as to improve macroeconomic stability. It delivers broad coverage of both the micro and macroeconomics of banking, central banking and banking regulation, striking a fine balance between rigorous theoretical foundations, sound empirical evidence for banking theories Table of ContentsPart I Introduction; 1. Introduction; Part II The Microeconomics of Banking; 2. Fragile Banks; 3. Information Frictions in Banking; 4. Industrial Organization of Banking; 5. Securitized Banking; 6. Complexity in Banking; Part III The Macroeconomics and Political Economy of Banking; 7. Central Banking; 8. The Banking-Macro Linkages; 9. International Banking; 10. Political Economy in Banking; Part IV The Economics of Banking Regulation; 11. Systemic Risks and Macroprudential Regulation; 12. Banking Regulation in Practice; Part V Appendix

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Book SynopsisEconomists have entered into the realm of sports to provide what they believe to be more cogent explanations for sport-related behaviour and to suggest ways in which incentives can improve sports outcomes. But prices and income, the traditional workhorses of conventional economics, can only provide partial explanations and understandings. Drawing on a bounded rationality approach to behavioural economics, this book demonstrates the analytical insights to be gained by supplementing the conventional economics toolbox with psychological, cognitive, sociological, and institutional factors.The international cast list of contributors cover a wide range of sports topics on which a behavioural approach can reveal new insights. These include preferences, managerial, efficiency, choking, doping, favouritism, athlete well- being, and spectator behaviour. Throughout the book, there is an emphasis on the cognitive limits to smart decision-making as well as the critical role played by the Table of ContentsChapter 1. Introduction: Behavioural Sports Economics Part 1The Big Picture Chapter 2. Sport as a Behavioural Economics Lab Chapter 3. Sports Performance, Procedural Rationality and Organizational Inefficiency Chapter 4. Institutional Dynamics in Sports – How Governance, Rules and Technology Interact Part 2Incentives, Governance, and Sports Behaviour Chapter 5. Wrong Behaviour Due to Wrong Incentives: How to Transform Doping into a Self-defeating Game Chapter 6. Discrimination, Disequilibrium and Disincentives: Behavioural Economics in Women’s Sport Chapter 7. Winner Alright? New Evidence on High-Stakes Bidding and Returns to Ownership in the Thoroughbred Horseracing Industry Part 3Momentum and Reference Points in Sports Behaviour Chapter 8. Does Psychological Momentum Differ for Home and Away Teams? Evidence from Penalty Shoot-Outs in European Cups Chapter 9. Reference Point Behaviour and Sports Chapter 10. The Importance of the Serve in Winning Points in Tennis: A Bayesian Analysis Using Data for the Two Winners of the 2019 French Open Singles Part 4Heuristics, Sports, Behaviour and Outcomes Chapter 11. Beauty, Preferences and Choice Exemplified in the Sports Market Chapter 12. Moneyball and Decision-Making Heuristics: An Intersection of Statistics and Practical Expertise Part 5Fans, Fan Behaviour, and Sports Outcomes Chapter 13. Reference Dependent Preferences, Outcome Uncertainty, and Sports Fan Behaviour: A Review of the Literature Chapter 14. Moving towards behavioural stadium attendance demand research: First lessons learned from exploring football spectator no-show behaviour in Europe Part 6Happiness, and Socioeconomics Determinants of Sports Participation Chapter 15. The Relationship of Happiness and Sport Chapter 16. Using Behavioral Economics to Improve Health Through Sports Participation and Physical Activity Chapter 17. Socio-Economic and Demographic Correlates of Sports Participation in Canada

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Book SynopsisHerbert Simon (1916-2001) is mostly celebrated for the theory of bounded rationality and satisficing. This book of essays on Models of Simon tackles these topics that the he broached in a professional career spanning more than 60 years. Expository material on the fundamental concepts he introduced are re-interpreted in terms of the theory of computability. This volume frames the behavioural issues of concern for economists, such as: hierarchy, causality, near-diagonal linear dynamical systems, discovery, the contrasts between the notion of heuristics, and the Church-Turing Thesis of Computability Theory. There is, consistently, an emphasis on the historical origins of the concepts Simon worked with, in emphasising Human Problem Solving and Decision Making â by rational individuals and institutions (like Organizations). The main feature of the results in the book are its emphasis on the procedural aspects of human problem solving, decision makinTable of Contents1. Introduction, 2. Herbert Simon: a life, 3. Classical - or Cognitive - Behavioural Economics (CBE) versus Modern Behavioural Economics (MBE), 4. The zeitgeist: cybernetics, servomechanisms, information, communication and computation, 5. Heuristics versus algorithms, 6. Computable and computational complexity theoretic bases for cognitive behavioural economics, 7. Notes on hierarchic, near-decomposable, causal, evolutionary dynamics: The Architecture of Complexity, 8. Gandy's Mechanisms Modelling the Rationality of Organizations by March & Simon, 9. Towards a Classical Behavioural Finance Theory, 10. Intuitionistic foundations for economic theory: a Brouwer-Simon research programme, 11. A crooked path along The Gravel Walks. Appendices. Index

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Book SynopsisHealth 4.0 is a term that has derived from the Fourth Industrial Revolution (Industry 4.0), as it pertains to the healthcare industry. This book offers a novel, concise, but at the same time, broad picture of the challenges that the technological revolution has created for the healthcare system.It offers a comprehensive view of health sector actors' interaction with the emerging new technology, which is disrupting the status quo in health service delivery. It explains how these technological developments impact both society and healthcare governance. Further, the book addresses issues related to key healthcare system stakeholders: the state, patients, medical professionals, and non-governmental organizations. It also examines areas of healthcare system adaptiveness and draws its conclusions by analysing recent health policy changes in different countries across the Americas, Europe, and Asia. The authors offer an innovative approach to the subject by identifying the critical Table of Contents1. The Fourth Industrial Revolution and the healthcare system 2. The transition from telemedicine and e‑health to Health 4.0 3. Technologies enhancing Health 4.0 4. The landscape of Health 4.0: Areas of application 5. Patient empowerment in Health 4.0 6. People with disabilities in the information society 7. Health 4.0 for the elderly: New challenges and opportunities for a smart system 8. Co-creation in Health 4.0 9. The implementation of new technologies in Health 4.0 in selected countries 10. The key factors of the healthcare system’s adaptiveness for Health 4.0 11. Financing Health 4.0 12. Law and Health 4.0 13. Human capital vs. Health 4.0 14. The role of civil society organisations in Health 4.0 service delivery: Examples from Poland 15. Recommendations for implementing Industry 4.0 in the healthcare system

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Book SynopsisApplying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole.Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review some by Nobel prize-winning economists run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes tTrade Review"This is a terrific book. Experts in experimental economics summarize, contextualize and position 20 landmark papers. This book is a delight for both newcomers who want to learn quickly about the highlights of the field and for seasoned experimenters who will discover interesting new facts and insights on their favorite papers." Theo Offerman, Professor of Behavioral Game Theory, University of Amsterdam"What are some of the greatest papers in experimental economics and why? By having experienced researchers reevaluate highly cited and highly influential papers, this book offers insights into experimental research that no other book has provided."Jordi Brandts, Research Professor, Barcelona Graduate School of Economics and at Institut d ìAnàlisi Econòmica -- Consejo Superior de Investigaciones Científicas"This book provides clear summaries of 20 classic economic experiments, along with interesting discussions of their impact and subsequent work. It is a great way for economists to get a sense of what experimental economics is about, and it will be a great supplement to any class on the topic. Highly recommended!" Drew Fudenberg, Paul A. Samuelson Professor of Economics, Massachusetts Institute of Technology"This is a terrific book. Gary Charness and Mark Pingle have selected 20 landmark papers in experimental economics. Experts wrote essays about these papers, in which they summarize, contextualize, and position the papers. This book is a delight for both newcomers who want to learn quickly about the highlights of the field and for seasoned experimenters who will discover interesting new facts and insights on their favorite papers."Theo Offerman, Professor of Behavioral Game Theory, University of Amsterdam"What are some of the greatest papers in experimental economics and why? By having experienced researchers reevaluate highly cited and highly influential papers, this book offers insights into experimental research that no other book has provided."Jordi Brandts, Research Professor, Barcelona Graduate School of Economics and Institut d ìAnàlisi Econòmica – Consejo Superior de Investigaciones Científicas"This book provides clear summaries of 20 classic economic experiments, along with interesting discussions of their impact and subsequent work. It is a great way for economists to get a sense of what experimental economics is about, and it will be a great supplement to any class on the topic. Highly recommended!"Drew Fudenberg, Paul A. Samuelson Professor of Economics, Massachusetts Institute of TechnologyTable of Contents(1) Introducing 20 Top Papers and their Reviewers (2) An Experimental Study of Competitive Market Behavior (by Vernon L. Smith) (3) The Strategy Method as an Instrument for the Exploration of Limited Rationality in Oligopoly Game Behavior (by Reinhard Selten) (4) An Experimental Analysis of Ultimatum Bargaining (by Werner Güth, Rolf Schmittberger and Bernd Schwarze) (5) The Winner’s Curse and Public Information in Common Value Auctions (by John H. Kagel and Dan Levin) (6) Group Size Effects in Public Goods Provision: The Voluntary Contributions Mechanism (by R. Mark Isaac and James M. Walker) (7) Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets (by Charles R. Plott and Shyam Sunder) (8) Experimental Tests of the Endowment Effect and the Coase Theorem (by Daniel Kahneman, Jack L. Knetsch, Richard H. Thaler) (9) Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh and Tokyo: An Experimental Study (by Alvin E. Roth, Vesna Prasnikar, Masahiro Okuno-Fujiwara and Shmuel Zamir) (10) Unraveling in Guessing Games: An Experimental Study (by Rosemarie Nagel) (11) Trust, Reciprocity, and Social History (by Joyce Berg, John Dickhaut, and Kevin McCabe) (12) Cooperation and Punishment in Public Goods Experiments (by Ernst Fehr and Simon Ga ̈chter) (13) A Fine is a Price (by Uri Gneezy and Aldo Rustichini) (14) Giving according to GARP: An Experimental Test of the Consistency of Preferences for Altruism (by James Andreoni and John Miller) (15) Risk Aversion and Incentive Effects (by Charles Holt and Susan Laury) (16) Does market experience eliminate market anomalies? (by John A. List) (17) Promises and Partnership (by Gary Charness and Martin Dufwenberg) (18) The Hidden Costs of Control (by Armin Falk and Michael Kosfeld) (19) Do Women Shy Away from Competition? Do Men Compete Too Much? (by Muriel Niederle and Lise Vesterlund) (20) Group Identity and Social Preferences (by Yan Chen and Sherry X. Li) (21) Lies in Disguise—An Experimental Study on Cheating (by Urs Fischbacher and Franziska Föllmi-Heusi)

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Book SynopsisApplying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole.Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review some by Nobel prize-winning economists run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes tTrade Review"This is a terrific book. Experts in experimental economics summarize, contextualize and position 20 landmark papers. This book is a delight for both newcomers who want to learn quickly about the highlights of the field and for seasoned experimenters who will discover interesting new facts and insights on their favorite papers." Theo Offerman, Professor of Behavioral Game Theory, University of Amsterdam"What are some of the greatest papers in experimental economics and why? By having experienced researchers reevaluate highly cited and highly influential papers, this book offers insights into experimental research that no other book has provided."Jordi Brandts, Research Professor, Barcelona Graduate School of Economics and at Institut d ìAnàlisi Econòmica -- Consejo Superior de Investigaciones Científicas"This book provides clear summaries of 20 classic economic experiments, along with interesting discussions of their impact and subsequent work. It is a great way for economists to get a sense of what experimental economics is about, and it will be a great supplement to any class on the topic. Highly recommended!" Drew Fudenberg, Paul A. Samuelson Professor of Economics, Massachusetts Institute of Technology"This is a terrific book. Gary Charness and Mark Pingle have selected 20 landmark papers in experimental economics. Experts wrote essays about these papers, in which they summarize, contextualize, and position the papers. This book is a delight for both newcomers who want to learn quickly about the highlights of the field and for seasoned experimenters who will discover interesting new facts and insights on their favorite papers."Theo Offerman, Professor of Behavioral Game Theory, University of Amsterdam"What are some of the greatest papers in experimental economics and why? By having experienced researchers reevaluate highly cited and highly influential papers, this book offers insights into experimental research that no other book has provided."Jordi Brandts, Research Professor, Barcelona Graduate School of Economics and Institut d ìAnàlisi Econòmica – Consejo Superior de Investigaciones Científicas"This book provides clear summaries of 20 classic economic experiments, along with interesting discussions of their impact and subsequent work. It is a great way for economists to get a sense of what experimental economics is about, and it will be a great supplement to any class on the topic. Highly recommended!"Drew Fudenberg, Paul A. Samuelson Professor of Economics, Massachusetts Institute of TechnologyTable of Contents(1) Introducing 20 Top Papers and their Reviewers (2) An Experimental Study of Competitive Market Behavior (by Vernon L. Smith) (3) The Strategy Method as an Instrument for the Exploration of Limited Rationality in Oligopoly Game Behavior (by Reinhard Selten) (4) An Experimental Analysis of Ultimatum Bargaining (by Werner Güth, Rolf Schmittberger and Bernd Schwarze) (5) The Winner’s Curse and Public Information in Common Value Auctions (by John H. Kagel and Dan Levin) (6) Group Size Effects in Public Goods Provision: The Voluntary Contributions Mechanism (by R. Mark Isaac and James M. Walker) (7) Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets (by Charles R. Plott and Shyam Sunder) (8) Experimental Tests of the Endowment Effect and the Coase Theorem (by Daniel Kahneman, Jack L. Knetsch, Richard H. Thaler) (9) Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh and Tokyo: An Experimental Study (by Alvin E. Roth, Vesna Prasnikar, Masahiro Okuno-Fujiwara and Shmuel Zamir) (10) Unraveling in Guessing Games: An Experimental Study (by Rosemarie Nagel) (11) Trust, Reciprocity, and Social History (by Joyce Berg, John Dickhaut, and Kevin McCabe) (12) Cooperation and Punishment in Public Goods Experiments (by Ernst Fehr and Simon Ga ̈chter) (13) A Fine is a Price (by Uri Gneezy and Aldo Rustichini) (14) Giving according to GARP: An Experimental Test of the Consistency of Preferences for Altruism (by James Andreoni and John Miller) (15) Risk Aversion and Incentive Effects (by Charles Holt and Susan Laury) (16) Does market experience eliminate market anomalies? (by John A. List) (17) Promises and Partnership (by Gary Charness and Martin Dufwenberg) (18) The Hidden Costs of Control (by Armin Falk and Michael Kosfeld) (19) Do Women Shy Away from Competition? Do Men Compete Too Much? (by Muriel Niederle and Lise Vesterlund) (20) Group Identity and Social Preferences (by Yan Chen and Sherry X. Li) (21) Lies in Disguise—An Experimental Study on Cheating (by Urs Fischbacher and Franziska Föllmi-Heusi)

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Book SynopsisDiscounted bundle of Intermediate Microeconomics with Calculus by Varian, packaged with a supplemental book of problems and exercises keyed to the text.

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