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South Africa's leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the...
Persistent link: https://www.econbiz.de/10011851545
, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …
Persistent link: https://www.econbiz.de/10011852162
Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...
Persistent link: https://www.econbiz.de/10011850972
This book focuses on arrangements for redistributing consumption opportunities over the life cycle and for providing compensation for income losses or large expenditures due to reasons such as illness and unemployment. After extensive coverage of the nature of inequalities in income and wealth...
Persistent link: https://www.econbiz.de/10011851435
In this innovative book the author examines the link between environmental, trade and industrial policies within an interregional setting. He models how regional governments, using tax rates on real capital and pollutant emissions, determine policies to favour their residents in terms of the...
Persistent link: https://www.econbiz.de/10014473840
This book brings together John Creedy's most important essays on the history of economic analysis. The book contributes to our understanding of the development of economics by looking at the subject and some of its major players including Pareto, Edgeworth, Marshall and Wicksell, from an...
Persistent link: https://www.econbiz.de/10014473846
Contingent Valuation and Endangered Species provides a comprehensive and rigorous examination of the contingent valuation method as applied to the profound social problem of biodiversity conservation. The contingent valuation method allows the explicit identification and valuation of the non-use...
Persistent link: https://www.econbiz.de/10014473918
theory and policy. In particular, they follow in the tradition of his work on oligopoly and price theory, welfare theory and … policy, growth theory, environmental economics, technical change and the history of economic thought and methodology. The …
Persistent link: https://www.econbiz.de/10014473888
choice theory -- 7. Robert E. Lucas -- Jr. and new classical economics -- 8. Conclusion …
Persistent link: https://www.econbiz.de/10011851840
Transport pricing is high on the political agenda throughout the world, but as the authors illustrate, governments seeking to implement this often face challenging questions and significant barriers. The associated policy and research questions cannot always be addressed adequately from a...
Persistent link: https://www.econbiz.de/10011850667