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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
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
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
. Exchange rate regimes in theory and practice -- 5. Is foreign exchange intervention effective? : the japanese experiences in … financial regulation? -- 10. Working with market forces …
Persistent link: https://www.econbiz.de/10011850618
insights behavioural finance theory and psychology can add. Particular attention is paid to the reasons behind the failure of … financial regulation, and the types of regulatory changes needed to protect investors and avoid repetitions. The analysis is …
Persistent link: https://www.econbiz.de/10011851623
The regulation of road transport externalities - environmental pollution, noise annoyance, accidents and congestion … issues of efficiency in the regulation of road transport and part three discusses the issue of equity and social feasibility …
Persistent link: https://www.econbiz.de/10014473953
The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response … cooperation -- 4. The edge of the jungle -- 5. Social interaction without the state -- 6. towards a theory of the evolution of … : an American variant -- 13. Anarchism and the theory of power -- 14. Polycentrism and power -- 15. Reflections after three …
Persistent link: https://www.econbiz.de/10011851013