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Economic Decision-making
  • Language: en
  • Pages: 520

Economic Decision-making

This collection of articles illustrates the interplay between economic and game theory, econometrics and optimisation in economic decision making. The contributions from these three areas are presented in honour of Jacques Dregrave;ze and are inspired by his vision of how these disciplines can and should interact. The material illustrates how each of the disciplines has evolved over the last twenty years, and emphasizes the continuous need for interdisciplinary approaches to economic decision-making.

Essays on Economic Decisions Under Uncertainty
  • Language: en
  • Pages: 460

Essays on Economic Decisions Under Uncertainty

  • Type: Book
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  • Published: 1990-05-25
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  • Publisher: CUP Archive

Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.

Public Economics
  • Language: en
  • Pages: 574

Public Economics

This book provides convenient access to a selection of Nobel prizewinner William Vickrey's papers, which have helped shape the modern field of public economics.

The Theory of Cost-benefit Analysis
  • Language: en

The Theory of Cost-benefit Analysis

  • Type: Book
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  • Published: 1985
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  • Publisher: Unknown

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General Equilibrium Theory
  • Language: en
  • Pages: 282

General Equilibrium Theory

What is General Equilibrium Theory In economics, the general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a whole economy that contains several or many markets that interact with one another. This is accomplished by attempting to demonstrate that the interaction of demand and supply will result in an overall general equilibrium. The theory of general equilibrium stands in contrast to the theory of partial equilibrium, which performs an analysis of a particular component of an economy while maintaining the status quo for all other aspects of the economy. Constant influences are deemed to be noneconomic, or, to put it another way, thought to be beyond the s...

Governing the Firm
  • Language: en
  • Pages: 346

Governing the Firm

This book provides case studies of worker-controlled firms and surveys available evidence on their behavior.

Handbook of Utility Theory
  • Language: en
  • Pages: 636

Handbook of Utility Theory

The standard rationality hypothesis is that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at the heart of a large body of recent work in economics, of course, but also in political science, ethics, and other major branches of the social sciences. Though this hypothesis of utility maximization deserves our continued respect, finding further refinements and developing new critiques remain areas of active research. In fact, many fundamental conceptual problems remain unsettled. Where others have been resolved, their resolutions may be too recent to have achieved widespread understanding among social scientists. Last but not leas...

Unemployment Policy
  • Language: en
  • Pages: 624

Unemployment Policy

There is substantial disagreement among policy-makers about how governments should respond to the problem of high unemployment. Thus far there has been little, if any, systematic attempt to evaluate the strengths and weaknesses of the main unemployment policies available to governments in market economies. Individual policy recommendations are usually made in isolation from one another. This book attempts to provide a balanced assessment of the various policy options, including the following: demand management versus supply-side policy, subsidizing employment and training, restructuring labour market regulations, and reforming the welfare state. The book also examines the political economy of unemployment policy and the effect of this policy on productivity growth.

Macroeconomics and Human Development
  • Language: en
  • Pages: 204

Macroeconomics and Human Development

  • Type: Book
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  • Published: 2015-07-16
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  • Publisher: Routledge

In the conventional discourse on macroeconomics, the subject of human development is at best marginal and at worst irrelevant. In the unconventional discourse on human development, macroeconomics or its constraints are seldom recognised, even if its consequences are often highlighted. There are, however, intersections and interconnections, which provide the rationale for this book that seeks to map some broad contours of an unexplored, yet important, domain. Macroeconomics is important for human development because it determines levels of employment, the degree of social protection and the public provision of services such as healthcare or education. Human development has implications and co...

Public Goods
  • Language: en
  • Pages: 429

Public Goods

A wide-ranging survey of the theory and evidence on public goods, presenting the main literature on public goods, both theoretical and empirical, in a systematic manner. The breadth and depth of the book's coverage extends the existing literature in many ways.