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Despite the vast research literature on topics relating to contract theory, only a few of the field's core ideas are … covered in microeconomics textbooks. This long-awaited book fills the need for a comprehensive textbook on contract theory … contract-theoretic models in applied contexts. The book covers all the major topics in contract theory taught in most graduate …
Persistent link: https://www.econbiz.de/10004973087
Contract Theory by Patrick Bolton and Mathias Dewatripont, a comprehensive textbook on contract theory suitable for use … by the authors and other instructors of contract theory. The solutions manual to this essential text gives complete …
Persistent link: https://www.econbiz.de/10004973219
For many years it was fashionable to treat macroeconomics and microeconomics as separate subjects without looking too deeply at the relationship between the two. But in the 1970s there occurred an episode of high inflation and high unemployment, which was inconsistent with orthodox theory. As a...
Persistent link: https://www.econbiz.de/10004973296
Public Regulation studies the formation of institutions and government policies that regulate industry, offering new data, new contexts, and new tools for analyzing the structure and performance of regulatory activity. It addresses both how these institutions and policies came into being and how...
Persistent link: https://www.econbiz.de/10005034439
For years William Gould has argued for labor law reform that would facilitate trade union organization and collective bargaining. In the face of increased erosion in worker protection and weakening of the collective bargaining process, Gould proposes an agenda of reforms to balance the interests...
Persistent link: https://www.econbiz.de/10005237361
In 1977, a grain elevator explosion in Westwego, Louisiana, took the lives of thirty-five workers. The next year, fifty-one men who were working on cooling tower for a West Viginia power plant died when their support scaffolding collapsed. And more recently, a Senate subcommittee hearing...
Persistent link: https://www.econbiz.de/10004973119
This is the second volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"—a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of...
Persistent link: https://www.econbiz.de/10005233383
This is the second volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"—a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of...
Persistent link: https://www.econbiz.de/10005237360
Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior; or they can take a "wait and see" approach to...
Persistent link: https://www.econbiz.de/10010535207
Empirical literature in disciplines ranging from behavioral genetics to economics shows that in virtually every aspect of life the outcomes of children are correlated to a greater or lesser extent with the outcomes of their parents and their siblings. In Heredity, Family, and Inequality, the...
Persistent link: https://www.econbiz.de/10010535222