The Theory Of Second Best
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A Course In Public Economics
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Author : John Leach
language : en
Publisher: Cambridge University Press
Release Date : 2004
A Course In Public Economics written by John Leach and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
This 2004 textbook explores how markets operate and governments' roles in addressing market failures.
The Theory Of Second Best
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Author : J. Bengtsson
language : en
Publisher:
Release Date : 2022-05-14
The Theory Of Second Best written by J. Bengtsson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-14 with categories.
Younger brother to a rock star joins a survival reality show to step out from behind his brother's shadows. A small town girl falls in love with him on the spot but he has no idea.
Welfare Economics And Second Best Theory
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Author : Richard S. Markovits
language : en
Publisher: Springer Nature
Release Date : 2020-05-30
Welfare Economics And Second Best Theory written by Richard S. Markovits and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-30 with Business & Economics categories.
This book examines the implications of The General Theory of Second Best for analyzing the economic efficiency of non-government conduct or government policies in an economically efficient way. It develops and legitimates an economically efficient economic-efficiency-analysis protocol with three unique characteristics: First, the protocol focuses separately on each of a wide variety of categories of economic inefficiency, many of which conventional analyses ignore. Second, it analyzes the impact of conduct or policies on each of these categories of economic inefficiency, primarily by predicting the respective conduct’s/policy’s impact on the distortion that the economy’s various Pareto imperfections generate in the profits yielded by the resource allocations associated with the individual categories of economic inefficiency—i.e., on the difference between their profitability and economic efficiency. And third, it is third-best—i.e., it instructs the analyst to execute a theoretical or empirical research project if and only if the economic-efficiency gains the project is expected to generate by increasing the accuracy of economic-efficiency conclusions exceed the predicted allocative cost of its execution and public financing. The book also uses the protocol to analyze the economic efficiency of specific policies so as to illustrate both how it differs from the protocols that most applied welfare economists continue to use and how its conclusions differ from those produced by standard analysis.
The General Theory Of Employment Interest And Money
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Author : John Maynard Keynes
language : en
Publisher: Springer
Release Date : 2018-07-20
The General Theory Of Employment Interest And Money written by John Maynard Keynes and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-20 with Business & Economics categories.
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Altruism Morality And Economic Theory
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Author : Edmund S. Phelps
language : en
Publisher: Russell Sage Foundation
Release Date : 1975-05-21
Altruism Morality And Economic Theory written by Edmund S. Phelps and has been published by Russell Sage Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975-05-21 with Business & Economics categories.
Presents a collection of papers by economists theorizing on the roles of altruism and morality versus self-interest in the shaping of human behavior and institutions. Specifically, the authors examine why some persons behave in an altruistic way without any apparent reward, thus defying the economist's model of utility maximization. The chapters are accompanied by commentaries from representatives of other disciplines, including law and philosophy.
Filthy Lucre
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Author : Joseph Heath
language : en
Publisher: HarperCollins Canada
Release Date : 2010-06-01
Filthy Lucre written by Joseph Heath and has been published by HarperCollins Canada this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-01 with Social Science categories.
Economists have a bad reputation. Not only do they assume that everyone is self-interested and amoral, they are almost always cheerleaders for the free market. As a result, most people who do not already share their beliefs ignore everything that economists have to say. This is a problem. Even among the highly educated, economics is a minefield of fallacies and errors. Among those who know little about the subject—a group that includes the average taxpayer and consumer, as well as most journalists, political activists and politicians—almost every widely held belief is false. The level of economic illiteracy is stunning. Filthy Lucre aims to level the playing field and, in this time of enormous market volatility and unprecedented instability, raise our level of economic literacy. Drawing on everyday examples to skewer the six favourite economic fallacies of the right and then the left, we learn why the right wing so wrongly believes that capitalism is the natural order of things, that any tax cut is a good tax cut, and that personal responsibility can solve any problem. And, contrary to how the left feels, why we must resist the urge to fiddle with prices, why the pursuit of profit is not such a bad thing, and why, despite efforts to improve or even fix wages, some jobs will always suck.
Welfare Economics And Social Choice Theory
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Author : Allan M. Feldman
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-06-14
Welfare Economics And Social Choice Theory written by Allan M. Feldman and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06-14 with Business & Economics categories.
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.
Models In Microeconomic Theory
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Author : Martin J. Osborne
language : en
Publisher: Open Book Publishers
Release Date : 2023-06-26
Models In Microeconomic Theory written by Martin J. Osborne and has been published by Open Book Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-26 with Business & Economics categories.
Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.
Theory Of International Trade
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Author : Avinash K. Dixit
language : en
Publisher: Cambridge University Press
Release Date : 1980-09-30
Theory Of International Trade written by Avinash K. Dixit and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980-09-30 with Business & Economics categories.
This book emphasizes that a trading equilibrium is general rather than partial, and is often best modeled using dual or envelope functions.
Welfare Economics Of The Second Best
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Author : Christian Seidl
language : en
Publisher: Springer Verlag Wien
Release Date : 1986-01-01
Welfare Economics Of The Second Best written by Christian Seidl and has been published by Springer Verlag Wien this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-01-01 with Business & Economics categories.