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The Household
Some people dwell alone, many in family-based households, and an adventuresome few in communes. The Household is the first book to systematically lay bare the internal dynamics of these and other home arrangements. Legal underpinnings, social considerations, and economic constraints all influence how household participants select their homemates and govern their interactions around the hearth. Robert Ellickson applies transaction cost economics, sociological theory, and legal analysis to explore issues such as the sharing of household output, the control of domestic misconduct, and the ownership of dwelling units. Drawing on a broad range of historical and statistical sources, Ellickson cont...
Regulating Audiovisual Services
In recent years, the changing nature of audiovisual services has had a significant impact on regulatory policy and practice. The adoption of digital technology means that broadcasting, cable, satellite, the Internet and mobile telephony are converging, enabling each of them to deliver the same kinds of content and allowing users to exercise much greater choice over the kind of material that they receive and when they receive it. The essays examine the implications for regulatory design, asking whether there is still a role for traditional-style state controls, or whether other techniques, such as competition in the market and self-regulation, are more appropriate. They also explore how, in the digital era, structural issues of media ownership and control become problems of access and interconnection between services and how content regulation focuses more on problems raised by the interactions between providers and users, the relationship between freedom of information and technologies to control it and the international reach of the new media.
Institutions, Equilibria and Efficiency
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.
Strategic Computing
The story of the U.S. Department of Defense's extraordinary effort, in the period from 1983 to 1993, to achieve machine intelligence.
Culture and Social Theory
Aaron Wildavsky, along with Mary Douglas, identified what they called grid-group theory. Wildavsky began calling this "cultural theory," and applied it to an astounding array of subjects. The essays in this volume exemplify the theory's potential contributions to three seemingly disparate, but related, areas: the social construction of meaning, normative/analytic political philosophy, and a theory of rational choices. This book is the first in a series of Aaron Wildavsky's collected writings being published posthumously by Transaction. Wildavsky selected, sequenced, and grouped all but three of the essays included in Culture and Social Theory prior to his death. Some are presented here for t...
The Art and Craft of Policy Analysis
The Art and Craft of Policy Analysis is a classic work of the Public Policy discipline. Wildavsky’s emphasis on the values involved in public policies, as well as the need to build political understandings about the nature of policy, are as important for 21st century policymaking as they were in 1979. B. Guy Peters’ critical introduction provides the reader with context for the book, its main themes and contemporary relevance, and offers a guide to understanding a complex but crucial text.
Speaking Truth to Power
One of the foremost experts in public policy here attempts not only to describe what public policy is, but given societal changes in the last two decades, to account for its present status.To learn from the past in order to establish public policy as a discipline in its own right, Wildavsky traces its motifs from their beginnings in the 1960s to the 1980s. Starting from the premise that there has been growing polarization of political elites, he shows how public policy as a field has had to face increased politicization. For Wildavsky, the field of public policy needs to incorporate more awareness of the human aspects of policy making: he emphasizes the political choices to be made in a comp...
Mathematics and Methodology for Economics
This book about mathematics and methodology for economics is the result of the lifelong experience of the authors. It is written for university students as well as for students of applied sciences. This self-contained book does not assume any previous knowledge of high school mathematics and helps understanding the basics of economic theory-building. Starting from set theory it thoroughly discusses linear and non-linear functions, differential equations, difference equations, and all necessary theoretical constructs for building sound economic models. The authors also present a solid introduction to linear optimisation and game theory using production systems. A detailed discussion on market equilibrium, in particular on Nash Equilibrium, and on non-linear optimisation is also provided. Throughout the book the student is well supplied with numerous examples, some 2000 problems and their solutions to apply the knowledge to economic theories and models.
