Search results for ""Edward Elgar Publishing Ltd""

This important book presents an in-depth analysis of the neo-liberal viewpoint on globalization and its impact on labour relations. The policies of states and multinational corporations as well as their effects are analysed from the perspectives of international political economy, institutional economics, cultural studies and industrial relations.The authors analyse the trade union critique, labour market segmentation and the erosion of regulatory practices and standards which give labour some degree of protection. This innovative book combines theoretical analysis with empirical detail and focuses on various sectors of industry such as mining, home appliances, logistic services and the media as well as the main regional blocks of the global economy - Europe, Australia-Asia and America.

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In this important new book, Gordon Tullock, a founding father of the public choice school, provides a formal analysis of the foundations of decision making. Voting procedures are crucial to Western democratic governments but are also employed in dictatorial governments, private clubs, corporations and religious organizations. This comprehensive book examines the many techniques of voting and the different outcomes in different situations. Gordon Tullock's analysis begins by using a simple model in which individuals vote in terms of their own preferences. It is assumed that the voters are well informed, their preferences are reasonably firm and there are no trades or bargains made among voters. These assumptions are then relaxed in order to make the analysis more realistic. Special attention is given to Arrow's work and the idea that people do not always vote according to simple preferences. The author discusses the phenomenon of 'throwing a vote away' or the possibility of an individual voting against their preference if offered something in return. After considering strategic voting, situations where voters engage in trades between one another and the lack of perfect information, Gordon Tullock examines a voter's options and the idea that individuals may rank options in degrees of their preferred outcomes. He also explores the possibility of preferences changing over time, why some issues are put up to vote and others are not, and situations where individuals voting with the same preferences, but in different voting systems, result in different outcomes.On Voting expands present thinking in the Public Choice school and provides a forum for creating new paradigms in the school as well as changing the focus and scope of current studies. It encourages new research by suggesting areas where more work should be done. The book will be of special interest to political scientists as well as those interested in public policy and political economy.

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Trade and the Environment presents the most important published articles and papers which are essential to an understanding of the complex interrelationship between trade and the environment - an area which reflects the increasing concern about the protection of the earth's environment and natural resources.The book examines the subject from three perspectives. The first section offers an economic analysis of the trade and environment relationship, including the problems of cost and the methodological approaches to analyses of trade and environment; and exploration of how international and national trade and environment policies affect each other and an investigation of how firms and corporations adjust their strategies to respond to environmental regulation. The second section, which is devoted to the legal aspects of the conflict between trade and environmental policies, explores the implications of existing international trade agreements for good environmental practice and investigates the effects of national environmental laws on international trade. The final section is concerned with government policy and the way in which national governments construct international 'regimes' which affect the interplay between trade liberators and environmental regulators.Trade and the Environment provides a clear insight into an area of current concern and points to future issues in the rapidly emerging trade and environment regime.

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The economic demands of an ageing population, coupled with the crisis of public spending pose one of the greatest challenges to social policy in both the East and West. This book focuses on the political economy of pensions, particularly on the interaction between private and state provision. Enterprise and the Welfare State argues that there is more to welfare than simply provision by the state and so the focus of this book is on the welfare society rather than the welfare state. This requires a new system of statistical accounting and a different focus for case studies. A multidisciplinary approach is used to examine the design of the pensions system in nine countries with different institutional welfare mixes. Using a common conceptual framework, it compares and contrasts the goals and realities of the welfare systems in France, Germany, The Netherlands and Sweden, where strong occupational pensions are in operation, with the more modest welfare states in Japan, the United Kingdom and the United States. Each country case study provides a grounded analysis of the evolution of pension design and traces the impact of the policies on the economic well-being of the aged and the performance of the economy. It offers new data on the level of spending of enterprise based occupational pensions and examines the implications for redistribution resulting from changes in the design of state and occupational pensions. This book will be essential reading for academics, students and public policymakers interested in the economics of welfare, social policy and the future of pension provision.

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Local Government Tax and Land Use Policies in the United States is an accessible, non-technical evaluation of the most recent economic thinking on the nexus between local land use and tax policies.In Part I, Helen Ladd provides a comprehensive summary of the extensive literature on the interaction of local land use and tax policies. She explores the theoretical controversies and clarifies issues such as the use of land use regulation as a fiscal tool, the effects of taxes on economic activity and the success of tax policies to promote economic development. In Parts II and III, a group of experts presents new research on important issues such as the impact of growth on tax burdens, metropolitan tax base sharing, the incidence of impact fees and the shift to land value taxation in urban areas. This book raises provocative questions concerning the conventional wisdom in fiscal policy. It will be indispensable for economists and students interested in urban issues and local public finance as well as planners and policymakers.

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Financing Federal Systems provides a comprehensive selection of Edward M. Gramlich's essays, which have made a major contribution to public finance and macroeconomics over three decades.The structure of fiscal federalism is a major issue in most countries around the world. Developed economies are continually confronting the question of fiscal federalism as they consider harmonizing tax and trading arrangements. Emerging market economies are addressing these issues as they organize systems to promote growth and development.The book begins with a new introduction by the author which provides a clear and concise overview of the current issues in fiscal federalism. The book comprises some 23 papers and features empirical, theoretical and diagnostic work together with comprehensive evaluations of the fiscal federal systems in the United States, Australia, Sweden and Canada. It includes work on state and local government behaviour, grant policies, macroeconomic policies, state tax limitations, federal tax policy, sub-national fiscal policy, infrastructure investment and public welfare policies.Financing Federal Systems will complement graduate and undergraduate courses in public finance and fiscal federalism. It will also appeal to policymakers and local government practitioners.

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The Fiscal Behavior of State and Local Governments presents, in one authoritative volume, Harvey Rosen's considerable contribution to the field of sub-federal public finance in the United States. He investigates how state and locality spending and taxing decisions are influenced by the economic environment in which they operate.This important book begins by examining the fiscal structures of states and localities. The analyses augment traditional models with new economic and political considerations. Rosen investigates the effect of tax structure on the growth of expenditure, the influence of the level of expenditure of neighbouring governments, and the impact of the federal income tax on the fiscal structure of state and local governments. He also employs the tools of modern dynamic analysis to shed new light on state and local behaviour in an intertemporal setting, using both panel and aggregate data. In addition, he discusses the problems involved in characterizing state tax structure. Finally, he explores a number of methodological issues relating to the theory and econometrics of tax analysis.This book will prove invaluable to economists who specialise in public finance, political economy and public policy.

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Judge Richard A. Posner is internationally regarded as a leading exponent and a founding father of the law and economics movement. This volume draws together a selection of his most important papers on the methodology and the theory of law and economics to create a valuable collection for scholars and practitioners in the field. It includes a coherent and informative introduction by Professor Francesco Parisi containing salient insights into Judge Posner's work.Themes explored in this volume include: the economics of common law the criterion of wealth maximization an economic approach to judicial rulemaking the application of finance theory to law the methodology of law and economics. The Economic Structure of the Law draws together Judge Posner's seminal contributions on the methodological foundations of law and economics and will be a valuable reference source for economists, lawyers and judges alike.

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Pollution and the Firm is an important book which presents new concepts of the marginal cost of substituting non-pollutive for pollutive goods. Technical in its approach it complements the other literature in the field and will be a significant contribution to the understanding of microeconomic issues in pollution control. The book focuses on three main concepts: substitutions in consumption, emission abatement and exposure avoidance. The first part considers the adjustment of the scope and combination of goods produced as a method for controlling pollution. The author argues that pollution is controlled by increasing the relative price of the polluting good in the production process; thereby reducing demand and subsequent production of the good. In the second part the discussion is extended to include the possibilities of preventing or abating emissions in relation to three models: first, pollution prevention when non-polluting inputs and processes are substituted for pollutants; second, when a proportion of the polluting output is recycled rather than being discarded; and finally end-of-pipe abatement where additional technology is used. In conclusion the author assesses the extent to which pollution damage is controlled by avoidance of emissions, with avoidance being modelled as an add-on technology with its own returns to scale.This important book combines theories of the firm with a welfare economics approach to pollution control, and will be welcomed by environmental and resource economists as well as microeconomists with an interest in environmental issues.

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Nonlinear modelling has become increasingly important and widely used in economics. This valuable book brings together recent advances in the area including contributions covering cross-sectional studies of income distribution and discrete choice models, time series models of exchange rate dynamics and jump processes, and artificial neural network and genetic algorithm models of financial markets. Attention is given to the development of theoretical models as well as estimation and testing methods with a wide range of applications in micro and macroeconomics, labour and finance.The book provides valuable introductory material that is accessible to students and scholars interested in this exciting research area, as well as presenting the results of new and original research. Nonlinear Economic Models provides a sequel to Chaos and Nonlinear Models in Economics by the same editors.

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Challenges to the Welfare State examines and assesses cultural, economic and political problems facing welfare states in Europe and North America and provides policy suggestions to alleviate these problems. An important group of authors identifies the relative merits of welfare state systems in the United States and Europe. They consider the transition of the welfare state in former Communist countries to more market oriented systems and the status of the European welfare state in the context of deepening European integration. More specifically, these experts address the question of whether further integration in Europe will result in an environment where all citizens are guaranteed only certain basic social rights and are encouraged to take private financial responsibility for health care, pension provision and insurance. The nature of social insurance institutions, the problems of ageing populations and the backlash against increasing taxation are also considered. The authors conclude that the reduction of existing government debt in the context of the move towards European Monetary Union will require either considerable increases in taxation or a significant reduction in entitlements.This book will be required reading for scholars and students of economics, social and public politics, politics and public administration.

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Economic Policy and Climate Change focuses on the design, implementation and consequences of a feasible system of tradable carbon permits to reduce greenhouse gas emissions within the context of the European Union.Economic instruments are considered fundamental in reducing atmospheric pollution, especially carbon dioxide emissions. This important book outlines the design of an achievable system of tradable emission permits in the EU. It considers the distribution of permits, the problem of monitoring and enforcement and the possibility that the system might create a barrier to potential entrants to industry. This is especially important because entry barriers will affect the whole economy and long-term industry dynamics. The analysis then extends to consider the use of tradable permits and taxes in the context of international cooperation on emissions reduction. International agreements are examined within the framework of a second-best, two country model in which governments reduce emissions and raise revenue simultaneously. The author concludes that it is not welfare-maximizing to trade permits between countries if emission limits and side-payments have not first been agreed.This book will be of special interest to environmental economists, environmentalists and policymakers.

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This important book explores the cutting edge of contemporary environmental policy. It examines key issues and proposes innovative strategies for environmental problems facing us in the twenty-first century.The authors argue that the current structure of human activity is not sustainable and that there is a need for fundamental change in the way the environment is perceived and how decisions affecting the environment are made. They address the subject of environmental policy from the perspective of sustainability and issues related to equity. Included in the discussion is an examination of agricultural sustainability and biodiversity, energy productivity, technological change, ecological sustainability and industrial competitiveness, environmental valuation and the role of international finance for environmental settlements. In conclusion the authors argue for greater social assessment in decision making, and a need to involve a wider population in the decision-making process emphasising democracy, transparency, fairness, reciprocity and community.Sustainability and Global Environmental Policy will be of interest to policymakers in government and non-government institutions and academics working in the fields of environmental and development studies.

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This important book examines the economic policies required to reduce carbon dioxide emissions - a major source of pollution throughout the world. It explores the likely impact of environmental taxes on income distribution and economic welfare.The authors consider a tax on domestic fuel and power and a carbon tax, and the likely adverse distribution effects of these on a population. The analysis allows for the direct and indirect effects (through inter-industry transactions) of taxes on prices and consumers' responses to these price changes. The welfare effects are also estimated for a variety of income groups. The authors then evaluate the inequality and social welfare measures and consider whether the distributional effects can be overcome by adjusting transfer payments to compensate lower-income groups. This study examines environmental taxes in Australia with methods which can be applied to other countries, some of which were specifically designed to overcome data limitation problems.Environmental Taxes and Economic Welfare will be of special interest to researchers, academics, policymakers and advisers on taxation and environmental policy.

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This book is the first systematic and comprehensive analysis of the economic implications of carbon abatement for the Chinese economy. It evaluates the economics of climate change and provides national, cost-effective policies for climate change. The book consists of three main parts, firstly, an analysis of the Chinese energy system to increase awareness of the implications of this sector for China's future carbon dioxide emissions, secondly, a macroeconomic analysis of carbon dioxide emissions limits using a newly-developed computable general equilibrium model of the Chinese economy; and fianlly, a cost-effective analysis of carbon abatement options by means of a technology-oriented dynamic optimization model. The author begins by introducing some of the economic aspects of climate change including the consequences of climate change,damage estimates of carbon dioxide emissions, strategies for responding to climate change and policy instruments to control carbon dioxide emissions. This discussion then focuses on the Chinese energy system and possible sectoral and macroeconomic effects of limiting carbon dioxide emissions. In this examination Dr Zhang considers the effects of recycling carbon tax revenues and compliance with carbon dioxide limits in China's power industry. The author also evaluates various economic models in analyzing cost estimates for limiting carbon dioxide emissions, including an input-output approach, dynamic optimization and a computable general equilibrium approach. Finally, there is a discussion of technological aspects of carbon abatement in the Chinese power industry. The Economics of Energy Policy in China will be of interest to energy and environmental economists and policymakers.

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Wallace E. Oates has made a pioneering contribution to environmental and public economics. This original selection of essays honors his seminal work in both these fields.The contributions to this volume apply Wallace E. Oates's key ideas and insights to a broad range of problems. The essays on environmental economics assess environmental policy in today's conservative era and analyse environmental taxes, environmental federalism and the choice of environmental policy instruments. The chapters on public economics investigate vouchers for private schools, capitalization, urban growth controls and the welfare economics of congestible amenities in general equilibrium models. The authors also examine intergovernmental grants in South Africa, public pensions in the European Union and fiscal federalism in early American history.Environmental and Public Economics is an informative and thought-provoking celebration of Wallace E. Oates's work which will be useful for students and scholars of environmental studies, public policy and public sector economics.

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This important volume brings together 22 major essays written by A.P. Thirlwall over the last 30 years in the field of macroeconomics, and in particular on multiplier analysis, unemployment, inflation, growth and the balance of payments.These outstanding essays make pioneering contributions, such as the input-output formulation of the foreign trade multiplier; the derivation and use of the dynamic Harrod foreign trade multiplier; the measurements of types of unemployment; the estimation of regional Phillips curves, and the formalization of Kaldor's model of regional growth rate differences.Many of the essays are written from a Keynesian perspective, and the recent revival of interest in Keynesian economics means that the essays are as relevant today as when they were written, especially those on the nature of unemployment, the causes of inflation, and the link between the balance of payments and economic growth.Macroeconomic Issues from a Keynesian Perspective will be of interest not only to professional economists but also to policymakers in developed and developing countries for the insights it provides into the functioning of the macroeconomy.

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Banking in Transition Economies is a modern analysis of banking in the transition economies of Central and Eastern Europe and includes a detailed examination of banking in the first five years of transition as well as policy recommendations for banking reform in the region.This authoritative book presents an extensive investigation of changes in the structure of the banking industry and the progress of privatization, particularly in Hungary, Poland and the Czech Republic. Privatization and the restructuring of 'problem banks' are analysed as well as the strategy for re-capitalization and bank failure, and the role of foreign banks in bringing reform to the region. The book offers policy prescriptions for the transition from a passive banking structure to an active financial sector supporting the development of the industrial sector, and for the role of the state after privatization.This book will be of great importance to bankers in Central and Eastern Europe and economists interested in the process of transition, as well as financial and monetary economists.

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This book investigates the effects of organizational contexts on the process of technological innovation. It analyses the internal organization of the firm as well as external influences, and examines how these factors affect a firm's innovative potential. The organization of the firm, it is argued, is intrinsic to the innovation process itself.The authors consider new concepts of the theory of the firm, look at evolutionary economics and concepts of innovation within this school of thought, and analyse national and sectoral systems of innovation. They discuss firm-specific knowledge and organization, and its effects on innovative opportunities. In addition, they pay special attention to a firm's ability to innovate in relation to incentives, and the sources of technology available to them. From this they conclude that organizational factors are primary features of the process of technical change.Included in the discussion are examinations of: networks of collaborating firms in R&D activity 'technology foresight' and the direction of future innovative activity in industrial sectors the relationship between business units and corporate parents government and regulatory agencies the role of capital, and short termism in financial markets the relationship between suppliers and customers Technological Change and Organization will be of welcomed by those interested in technological change and innovation, institutional and evolutionary economics, as well as to microeconomists interested in the theory of the firm and industrial organization.

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This authoritative two volume collection presents both the classic articles and the most important recent literature which are essential for an understanding of the sociology of knowledge. Topics covered in Volume I include the intellectual precursors and emergence of the sociology of knowledge; the classical sociology of knowledge; and the sociology of knowledge dispute. Volume II focuses on more contemporary sociologies of knowledge and the future of the debate.

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The Keynesian Revolution and its Economic Consequences is a study of John Maynard Keynes as a publicist, expert and theorist and of the economic doctrines associated with his name. It examines the Keynesian revolution in economic theory and policy and shows how Keynesianism as a school of thought departed from the substance of Keynes's own thinking and policy prescription.Peter Clarke places the 'historical' Keynes in the context of his own times and examines the subsequent institutionalization of Keynes. The author presents an historical account of Keynes's own thinking and influences, and offers a reassessment and a non-technical explanation of Keynesian policies, notably budget deficits. The author explores Keynes's major works and ideas within a political context, concluding that greater emphasis should be placed on his ideas about uncertainty and confidence, his thoughts on the complementary roles of public opinion and expertise, his commitment to the politics of persuasion and his challenge to entrenched vested interests. The Keynesian Revolution and its Economic Consequences will be of interest to historians and scholars of economic thought and economic policy as well as economic historians.

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Transport networks are becoming increasingly important now that free trade, open access, increased competition and greater market orientation are fundamental to the current restructuring of Europe. Infrastructure networks are the corner stones of European integration and this book provides a comprehensive overview of the current concepts and policies which are being examined by researchers, government officials and policy makers.Transport Networks in Europe explores current debates and presents new proposals for well-functioning infrastructure networks. Key issues discussed include: regional development congestion urban transport policy private-public cooperation environmental sustainability transport borders and barriers The authors place emphasis on sustainable transport and provide a wide spectrum of policy recommendations for sustainable transport networks at the European, national and urban levels.The growing significance of transport networks in the European Union will ensure that this timely book is an essential companion for those actively engaged in transport policy formulation and implementation. It will also be welcomed by transport analysts, geographers and regional scientists.

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Health Policy presents the key classic and contemporary articles and will be an important source of reference for health care professionals, academics and policymakers. It sheds light on the values and socio-political factors which underpin health policy, and will be invaluable in helping to assess and compare policymaking processes in different countries. The volume is divided into six sections and within each section the articles are presented chronologically. Thus the selection is suitable for both the beginner and the more advanced student; the beginner will benefit from the earlier readings by observing their cumulative impact on later writings, while the more advanced student may find the more up-to-date articles of particular interest. Section I introduces several basic values which underlie all health policies; section II reviews the socio-economic and political factors in health policy; section III deals with the experience and practice of American health care while section IV offers comparisons with other countries in Europe and also with Japan. Section V examines the opportunities and constraints for countries' learning from each other and finally section VI raises methodological issues and indicates the challenges which must be addressed in the future.

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This book investigates monopoly policy in the UK from 1973-1995 using all of the monopoly cases which the Monopolies and Mergers Commission (MMC) reported on during this period. It provides a rigorous analysis of 14 detailed case studies, and focuses specifically on those cases where the MMC sought to introduce change through price controls, termination of anti-competitive practices or divestment. It assesses how effective such measures have been in combating problems such as monopoly pricing, collusion, predatory and discriminatory pricing and different forms of vertical restraint. From the evidence, the authors discuss the strengths and weaknesses of current policy and examine the scope for reform.This book will be of interest to students and researchers interested in competition policy, industrial organisation, the British economy and business strategy.

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Structural change analysis has been a distinctive feature of economics since its formative period. This authoritative three-volume collection presents a comprehensive selection of the key contributions to the topic.The Economics of Structural Change shows the central role that compositional dynamics plays in the analysis of fluctuations, development, employment and economy-environment interactions. Volume I covers concepts and theories in the economics of structural change; Volume II includes specific contributions to structural theories of growth, cycles and technological change; Volume III focuses on specific areas in the empirics of structural change analysis.This important three-volume set will be indispensable to researchers and practitioners alike.

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Property rights formalize the relationship between individuals and goods. They form the cornerstone of the pricing, supply and efficient allocation of scarce resources between individuals.The Economic Foundations of Property Rights is an outstanding collection of some of the most important work from the founders of the field, including James M. Buchanan, Douglass C. North, Richard Posner, Armen Alchian, Lord Peter Bauer and Karl Brunner. It addresses the development of property rights, the effects of property rights on the allocation of resources and the link between alternative property rights and the production of wealth. Specifically, the authors consider the issues of democracy, law, transaction costs, the economics of exchange and the valuation of assets. The discussion considers property rights in the context of developing countries and transition economies as well as developed market systems.This comprehensive new source book will be welcomed by economists, particularly those interested in law and economics, as well as political scientists and those interested in public choice theory.

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This challenging book addresses environmental and resource management problems that continue to emerge despite increasing attempts at regulation. It proposes a proactive approach to environmental and resource management through the design of institutions and organizations. In addition, it suggests that social rules for environmental management can be improved by taking into account the social costs of externalities and the administrative and transaction costs to reduce them.The chapters in this book draw design ideas from four sources: theory, field studies, simulation and experiment. In the first section, contributors discuss concepts for institutional design including incentives, information, fairness, sustainability, transaction costs, and coordination. Models for policy design in the second section apply welfare economics and game theory to international pollution regulation, cost sharing for pollution reduction, enforcement systems, policy instruments and liability rules. In the final section, experimental methods for institutional design are applied to marketable pollution permits, groundwater laws and markets with uncertainty. Integrating economics with ideas from political science, psychology, and game theory, Designing Institutions for Environmental and Resource Management will be of interest to all those endeavoring to improve environmental policy.

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The development of modern biotechnology has varied considerably from country to country. Typically, there are wide technology gaps between developing and industrialised countries and considerable differences in investment and regulatory systems, often creating a need for policy intervention. This innovative book examines the development and evolution of biotechnology in industrialised and developing countries. The author first explores efforts made by policymakers and the leaders in the field to reduce technology gaps, and analyses the development of financial mechanisms and regulatory frameworks to hasten the adoption and diffusion of biotechnology. The second section looks at the relationship between biotechnology and its resource base, biological diversity. The author emphasizes the interdependency between biodiversity and biological R&D in an attempt to simplify the debate on the conservation of biological diversity. The last section focuses on the potential positive and negative impacts of biotechnology and its contribution towards sustaining biodiversity.The Emergence and Growth of Biotechnology will be of great interest to undergraduate and postgraduate economics students interested in the economics of technology, economic development and biotechnology and environmental conservation.

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The field of economic demography has expanded in recent years because of the perceived relevance of economic constraints to family formation and to demographic behaviour. [The increased availability of household surveys from countries at all levels of development and the advances of methods for analysing such data have encouraged empirical extensions and the testing of household demand theories.]This authoritative collection presents in two volumes some of the influential ideas which have helped to adapt economic theory and methods to analysing the determinants and consequences of demographic behaviour and to relating such behaviour to the investments in human capital which account for much of modern economic growth.It focuses on the following topics: the estimation of wage functions - a key building block for economic demography because it explains how human capital formation affects human productivity and contributes to economic growth; health and longevity, the second most notable source of human capital accumulation; the evolution of the household production model; cooperative and bargaining approaches to the household entity; models dealing with fertility and female labour supply; models which examine the problems of fertility and investments in child quality; an exploration of how gender affects schooling, health and wage-earning potential; the effect on wages of the size and skill of the labour supply; some historical aspects of economic demography; the effects of population growth on economic development; and questions of savings, inheritance and the economic consequences of an aging population.

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Trade Diversification in the Least Developed Countries examines the success of the least developed countries (LDCs) in implementing trade reforms to encourage trade diversification and considers what further policy reforms might be required to achieve this objective.The book begins with an overview examining the reasons why trade diversification is imperative for the LDCs, and provides a summary of the empirical evidence at regional and national level. It then assesses the impact of trade policy reform on trade diversification in Africa in general. The remaining chapters consist of a variety of country case studies including Bangladesh, Mozambique, Uganda, Haiti, Niger and Lao PDR. In conclusion it discusses the Uruguay Round in relation to trade diversification, its possible implications and adverse effects.The book will be essential to students of development studies, development economics and international economics. It will also be important for policy makers, officials and researchers in the developing countries.

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Elementary Bayesian Statistics is a thorough and easily accessible introduction to the theory and practical application of Bayesian statistics. It presents methods to assist in the collection, summary and presentation of numerical data.Bayesian statistics are becoming an increasingly important and more frequently used method for analysing statistical data. The author defines concepts and methods with a variety of examples and uses a stage-by-stage approach to coach the reader through the applied examples. Also included are a wide range of problems to challenge the reader and the book makes extensive use of Minitab to apply computational techniques to statistical problems. Issues covered include probability, Bayes's Theorem and categorical states, frequency, the Bernoulli process and Poisson process, estimation, testing hypotheses and the normal process with known parameters and uncertain parameters.Elementary Bayesian Statistics will be an essential resource for students as a supplementary text in traditional statistics courses. It will also be welcomed by academics, researchers and econometricians wishing to know more about Bayesian statistics.

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This authoritative collection presents an overview of the widespread significance of Schumpeter's thought. Part I examines the reception accorded to Schumpeter's ideas by his contemporaries. In Part II the impact of his scientific ideas from the 1950s to the 1970s is investigated. Part III covers the renewed influence of Schumpeter's thought in the 1980s. Whilst the contributions on industrial economics are presented in neoclassical fashion, the studies of innovation economics and evolutionary modelling reveal further ramifications of Schumpeter's legacy. Part IV highlights the importance of Schumpeterian ideas on modern macroeconomic theories and the final part demonstrates the influence of his thought in other fields such as public finance, sociology, politics and history.

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Competition and Economic Integration in Europe explores the relationship between competition policy and economic integration in the enlarging European Union. It contains valuable contributions from academics and officials from inside and outside the European Union as well as offering a transatlantic perspective on the enabling effect of competition policy on deepening European integration.This book examines the importance of competition policy in the Europe Agreements signed with the Central and East European countries, whilst emphasizing that agreement on the adoption of competition rules is just one element in the complex process of accession to the European Union. The book argues that harmonization of competition policy along EU lines across the wider Europe is necessary to create a culture of competition among the European partner countries. The contributors examine the actual and potential roles of competition policy as a regulator of cross-border flows, an agent for the removal of trade barriers and as one of a number of measures to enable a move towards free trade. Competition policy is also advocated as a framework for business behaviour, in order to eradicate 'unfair' competition and as a foundation for the privatization programmes of governments. The book concludes with a postscript linking the argument of the book with the European Commission's Agenda 2000 report of July 1997.This book will prove invaluable to academics and students in the field of transition economics, the economics of the European Union, comparative institutions and industrial policy.

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Current population growth is leading to a depletion in natural resources and could eventually cause irreversible damage to the environment. This book attempts to explain trends in the growth of the global population and the ecological consequences by blending the insights of analytical economics and behavioural ecology.The book begins by looking at population from a long term perspective and considers the ecological influences before going on to examine the economics of population growth. Reproduction decisions of the family are then analysed, and the welfare effect of these decisions on society as a whole are considered. Anup Shah pays particular attention to policies which could try to prevent or cure overpopulation. He asks whether there is a case for intervening in order to prevent overpopulation, and suggests that one way of reducing the effects of population growth is through technological advances which can help compensate for the adverse external effects. Finally, he examines the future of urban centres in the light of population growth.The book is written from a multidisciplinary approach and will have a wide readership throughout the social sciences. It will have particular appeal for economists, geographers, earth scientists, ecologists, environmentalists and those working in the area of development studies.

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Controlling Pollution in Transition Economies examines and evaluates the recent experience of implementing pollution charges and the use of environmental permits in Central and Eastern Europe and Russia.The book focuses on controlling point-source air and water pollution. It describes and analyses the experience of implementing pollution charges and fines, and the interactions of these fiscal instruments with systems of pollution permits. The ten country case studies have been written by specialists who have been or are actively involved with the development or revision of pollution charges. Based on the experience of these countries, general conclusions are drawn for implementing pollution charge systems in other contexts. This book will encourage new theoretical and empirical work on the problem of implementing economic instruments (pollution charges), in combination with 'command-and-control' instruments (pollution permits).Practitioners and policy analysts as well as graduate students, academics, researchers and environmental consultants will find this book an important contribution to the existing literature.

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Mark Kleinman's new book explains what has happened to housing policy in Europe over the last two decades, and what housing policy can tell us about welfare development more generally over the period. Housing, Welfare and the State in Europe identifies a divergence in housing policy between, on the one hand, the majority of relatively affluent households and, on the other, an impoverished minority. The legal, financial and economic concerns of the well-housed, owner-occupier majority have preoccupied public policy across Europe, with the impoverished minority often badly housed or homeless. In Britain this has been particularly evident with elections won and lost on the level of the mortgage rate rather than the level of housing output, and still less on the level of homelessness.Housing policy occupies a unique place in public policy at the intersection of social with economic policy, involving a mixed economy of welfare. Consequently, Dr Kleinman's study offers insights into the future direction of public policy as a whole, the balance between economic and social goals, and the relative weighting given to free markets and state intervention in a variety of countries.

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This is the tenth volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with discrete and coontinuous systems.

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This is the ninth volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with a reappraisal of econometrics.

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This is the eighth volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with the time series models.

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This is the seventh volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with the probability approach to simultaneous equations.

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This is the fourth volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with the dialogues and beliefs that underpin probability concepts.

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This is the second volume in a ten-volume set designed for publication in 1997. It reprints in book form a selection of the most important and influential articles on probability, econometrics and economic games which cumulatively have had a major impact on the development of modern economics. There are 242 articles, dating from 1936 to 1996. Many of them were originally published in relatively inaccessible journals and may not, therefore, be available in the archives of many university libraries. The volumes are available separately and also as a complete ten-volume set. The contributors include D. Ellsberg, R.M. Hogart, J.B. Kadane, B.O. Koopmans, E.L. Lehman, D.F. Nicholls, H. Rubin, T.J. Sarjent, L.H. Summers and C.R. Wymer. This particular volume deals with paradox and ambiguity.

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This important new book develops an ecological-economics perspective on sustainability at the regional, national and international level. It explores prospects for sustainable development using methods firmly grounded in empirical reality, as well as emphasizing scientific, economic and socio-political concerns.This approach is based on the construction of non-monetary indicators for sustainability, and the application of cost-effectiveness analyses to identify robust alternatives for the achievement of specified policy norms. In calculating the requirements for sustainability the contributors attach importance to multiple criteria decision aid (MCDA) methods of analysis to evaluate the key components of sustainability and help assess the sustainability of aregional or national economic development trajectory. Case studies of water pollutants in the Bretagne region in France and greenhouse gas reduction in Europe are used to investigate resource allocation from this perspective. The contributors utilize the M3ED model - a structural economy-environment simulation model which gives a multi-sectoral representation of a national economy's production, final consumption and environmental pressures - to explore feasible economic futures. It is applied to scenarios in France to demonstrate ways that prospects for sustainability can be investigated at a national level. The contributors compare and contrast these models with the aims of more typical neoclassical modelling in their search for the most effective approaches to defining operational measures for sustainability. This book will be of great interest to academics in the field of ecological and environmental economics and to policymakers and planners in government and industry.

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Game theory has emerged as a powerful new tool in environmental economics, especially in the study of transboundary pollution problems such as global warming and acid rain. This is the first book specifically concerned with this expanding field and addresses key issues in the application of game theory to environmental economics. The book features an impressive list of leading authorities who begin by providing a concise introduction and overview of game theory concepts. They then present an examination of methodological issues, and finally apply game theory to a variety of environmental management problems. Included in the analysis are the following issues: cooperation versus selfish behaviour and the formation and stability of coalitions asymmetric information, commitment and fairness, and irreversibility and uncertainty international environmental externalities and international pollution control agreements cooperation versus free riding in international affairs the reduction of greenhouse gas emissions, regulation of nuclear power and control of acid rain best choice policy instruments. This book will be highly relevant for the growing number of undergraduate and postgraduate courses in environmental economics, environmental management and public policy. It will also be of interest both to academics researching in these areas and to practitioners in government and international agencies.

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In The Foreign Aid Business, Kunibert Raffer and Hans Singer offer an incisive analysis of aid and development finance, examine the key issues and new trends in aid as well as proposing a series of fundamental improvements.Distinguishing clearly between ‘aid’ and ‘help’ in development finance, the authors discuss aid in the context of other North-South flows, such as trade or debt service, and describe its role and evolution during the Cold War. They address in detail issues such as food aid, the European Union’s Lome co-operation, Japan’s emergence as the largest donor and its specific aid philosophy, the often neglected question of South-South aid and the role of non-governmental organizations. The new trends analyzed in this book include political conditionality, the UNDP’s proposal to reorient aid towards human development and the question of aid diversion to the former communist countries. The Foreign Aid Business concludes by proposing a series of innovative reforms for development aid and finance. The authors advocate major improvements which include combining emergency and development aid, the financial accountability of donors, international insolvency to stop aid bailing-out creditors and the emulation of the Marshall pla’s successful self-monitoring by recipients. Combining a sophisticated analysis of current issues and trends with innovative new ideas for raising the effectiveness of development aid and finance, this substantial new book will be welcomed by academic scholars, policymakers and practitioners as a major contribution to our understanding of the foreign aid business.

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Industrial Ecology is perhaps the first serious attempt to go beyond general statements regarding the desirability of 'clean technology' and to assess realistically and quantitatively the range of practicable possibilities for reducing materials extraction, consumption and waste.This major new book examines strategic options for reducing wastes and pollution and increasing the productivity of materials. Using an industrial ecology perspective, the authors analyse thirteen generic cases of material, beginning with four families of metals (aluminium, chromium, copper and zinc), several families of chemicals (phosphates and fluorine; suphur-based, nitrogen-based and chlorine-based), silicon and several different types of waste. Opportunities for creating 'industrial ecosystems' by deliberate design are discussed as well as the use of low-value by-products as feed stocks for useful products. In addition to surveying the technological possibilities, the authors also consider the public interest, institutional barriers and the range of possible alternatives that might be applicable. Environmental scientists, economists, practitioners and policy makers will welcome Industrial Ecology's integrated approach and the emphasis which it places on resource productivity, materials cycle optimization and waste minimization.

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Bringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, it explores how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy.Economics of Transition is the first of a major new series published by Edward Elgar for The Vienna Institute for Comparative Economic Studies. The intention of this new series is to encourage discussion on the economic theory and policy of transition and European economic integration.

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How does innovation emerge from normal economic activity? Economic Interdependence and Innovative Activity is an original new book which tries to answer this question by reconciling inter-industrial analysis with the study of innovation. This book provides a bridge between economic statics and the dynamics of growth and development. As well as offering important and original empirical data for Canada, France, Italy, Greece and China, the authors make a series of theoretical advances and propose a new way to observe the innovative process as well as new analytical tools to examine innovative activity. Their central thesis is that innovative outputs emerge out of increased social interaction, and division of labour through cooperative networks. An authoritative theoretical introduction and some thought-provoking conclusions have been prepared by Christian DeBresson.Economic Interdependence and Innovative Activity encourage input-output economists to encompass innovative activities in dynamic models and innovation researchers to look at technical interdependencies.

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