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Strategic Interaction and Markets

Jean J. Gabszewicz

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.001.0001
Subject:
Economics and Finance, Microeconomics

Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual ... More


Divide and Conquer

Tito Boeri, Micael Castanheira, Riccardo Faini, Vincenzo Galasso, Giorgio Barba Navaretti, Carcillo Stéphane, Jonathan Haskel, Giuseppe Nicoletti, Enrico Perotti, Carlo Scarpa, Lidia Tsyganok, and Christian Wey

in Structural Reforms Without Prejudices

Published in print:
2006
Published Online:
May 2007
ISBN:
9780199203628
eISBN:
9780191708169
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199203628.003.0012
Subject:
Economics and Finance, Public and Welfare

This chapter considers instances in which widening the political base for reform may still be desirable, but is practically unfeasible. This scenario typically emerges when the benefits from reform ... More


European Wine on the Eve of the Railways

James Simpson

in Creating Wine: The Emergence of a World Industry, 1840-1914

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691136035
eISBN:
9781400838882
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691136035.003.0001
Subject:
Economics and Finance, Economic History

This chapter looks at the nature of grape production and wine making on the eve of the railways. The process of creating wine followed a well-determined sequence: grapes were produced in the ... More


Fertility Behavior and Demographic Change: Economic and Other Perspectives

Hans‐Peter Kohler

in Fertility and Social Interaction: An Economic Perspective

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199244591
eISBN:
9780191596544
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199244596.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Reviews the literature and empirical findings of European and contemporary fertility declines. It contrasts these findings with the primary economic and non‐economic theories of fertility, and it ... More


Goods and Prices

Yves Balasko

in General Equilibrium Theory of Value

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691146799
eISBN:
9781400838912
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146799.003.0001
Subject:
Economics and Finance, History of Economic Thought

This chapter develops the main aspects of the economic environment in which economic agents operate. There are two categories of economic agents, consumers and firms. Consumers buy and sell goods ... More


Conclusion

Eric Barthalon

in Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231166287
eISBN:
9780231538305
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231166287.003.0012
Subject:
Economics and Finance, Behavioural Economics

This book concludes by summarizing the key arguments in the form of a comparison of the HRL formulation with the rational expectations hypothesis (REH). It explains what makes Maurice Allais's ... More


Analogies and Theories: Formal Models of Reasoning

Itzhak Gilboa, Larry Samuelson, and David Schmeidler

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198738022
eISBN:
9780191801419
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738022.001.0001
Subject:
Economics and Finance, Econometrics

The book describes formal models of reasoning that are aimed at capturing the way that economic agents and decision makers in general think about their environment and make predictions based on their ... More


Clubs, Credence Standards, and Social Pressure

David P. Baron

in Voluntary Programs: A Club Theory Perspective

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262162500
eISBN:
9780262259132
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262162500.003.0003
Subject:
Political Science, Political Theory

This chapter is a presentation of a theory of industry collective action despite the arousal of change in practice and policies created by social pressure from “private politics,” which is often used ... More


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