This up to date book provides the first evidence on employee-ownership in Central and Eastern Europe. This subject has attracted growing interest in recent years, since the sale and free distribution of enterprise shares to employed workers and mangers have surprisingly become frequent...

Recent outbreaks of financial instability have spurred new interest in the works of the late Hyman P. Minsky who made path-breaking contributions to our understanding of contemporary market economies. This book provides an innovative tribute to Minsky’s work and sheds new light on the nature...

Public utilities supply a set of goods and services that are central to the workings of a modern economy. Their importance in the economy’s structure is matched by the interest and complexity of the problems they present for economic analysis.

The book provides substantial discussion of the model’s methodological background; returns to scale; the transformation surface and the fixed-factor-supply economy; existence, uniqueness, and stability of equilibria; the dynamics of market adjustments; methodological individualism and the theory...

On the premise that pension provision in Europe will dramatically change over the next few decades, this book concentrates on the funded component of pension wealth, and specifically on annuities – financial products that, on the basis of actuarial equivalence, allow the conversion of wealth...

International institutions and formal international organizations lie at the heart of the new global economy. International economic interactions occur within a framework of norms, rules and organizations, and an appreciation of this institutionalization is essential for understanding the...

This book explores the important role that economic performance measurement is playing in the regulation of network utilities in many countries today. The contributors to the book – researchers from academia, regulatory agencies and consulting firms – address the use of efficiency measures...

Introduction to Cost–Benefit Analysis is intended as a graduate and advanced undergraduate textbook. Nevertheless, economists and other practitioners involved in the economic evaluation of projects will also find the book extremely useful.

Monetary Theory and Monetary Policy is the second collection of essays by Karl Brunner – one of the most prominent economists of the twentieth century. It demonstrates the importance of economic analysis for the development of appropriate economic policies.