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The Political Economy of Property Rights Reform and Farm Restructuring

Johan F. M. Swinnen

in From Marx and Mao to the Market: The Economics and Politics of Agricultural Transition

Published in print:
2006
Published Online:
May 2006
ISBN:
9780199288915
eISBN:
9780191603518
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288917.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter explains why, when, and how transition countries chose to introduce property rights reforms and restructure their farms. It explains why China opted for the household responsibility ... More


Money and Price

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0008
Subject:
Economics and Finance, Economic Systems

This chapter addresses the financial system and prices under the socialist system. The first three sections survey the institutions of the financial system and the structure of the financial ... More


Consumer Choice and Demand

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0009
Subject:
Economics and Finance, Microeconomics

This chapter discusses microeconomic theories of consumer choice and demand. It explains that a consumer's preferences can be represented by a utility function or by a preference map and that ... More


Market Socialism

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0021
Subject:
Economics and Finance, Economic Systems

This chapter discusses the phenomenon of market socialism in the state sector. The practical changes involved in this constitute one of the major tendencies in the move away from classical socialism. ... More


Labor Supply

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0013
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence an individual's decision concerning work or labor. It suggests that work decisions are also decisions about how much leisure and material consumption ... More


Saving Behavior

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0017
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence the saving behavior of an individual. It suggests that the decision to save rather than to spend a portion of income is in effect a decision to ... More


Macroeconomic Features of the French Revolution

François R. Velde

in Rational Expectations and Inflation

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158709
eISBN:
9781400847648
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158709.003.0009
Subject:
Economics and Finance, Economic History

This chapter examines the French Revolution from the vantage point of macroeconomic theories about government budget constraints. From 1688 to 1788, Britain won and France lost three of four wars. ... More


Looking at the Pieces

Olivier Blanchard

in The Economics of Post-Communist Transition

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293996
eISBN:
9780191595998
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293992.003.0003
Subject:
Economics and Finance, Economic Systems

Chapter 3 examines a number of pieces in more detail. I focus in particular on the adjustment of employment and wages in state firms to the initial shock, on the interactions between restructuring ... More


Loss Aversion and Reference-dependent Preferences

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0011
Subject:
Economics and Finance, Microeconomics

This chapter discusses microeconomics theories of reference-dependent consumer preferences and loss aversion. It provides evidence that under some circumstances preferences depend on a reference and ... More


Central Planning With Regulated Market—The Flawed Model

Włodzimierz Brus and Kazimierz Laski

in From Marx to the Market: Socialism in Search of an Economic System

Published in print:
1991
Published Online:
November 2003
ISBN:
9780198283997
eISBN:
9780191596032
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283997.003.0007
Subject:
Economics and Finance, Economic Systems

The failure of the string of reforms in Soviet‐bloc countries can be attributed to a number of factors, in the first place to resistance of communist political elites eager to preserve their ... More


Capital Structure Decisions of a Public Company

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0007
Subject:
Economics and Finance, Financial Economics

In a public company, ownership is dispersed among numerous small shareholders. In this context, day‐to‐day control is delegated to managers, and individual shareholders have little or no incentives ... More


Trade with a Money Market

Thomas Quint and Martin Shubik

in Barley, Gold, or Fiat: Toward a Pure Theory of Money

Published in print:
2014
Published Online:
May 2014
ISBN:
9780300188158
eISBN:
9780300199222
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300188158.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

The Basic Model from chapter 3 is altered in two ways. First, the trader types have unequal cash endowments. Second, there is now a money market, whereby Type 1 traders can lend money to Type 2 ... More


Strategic Aspects of Fighting in Alliances

Kai A. Konrad

in The Economics of Conflict: Theory and Empirical Evidence

Published in print:
2014
Published Online:
September 2014
ISBN:
9780262026895
eISBN:
9780262321976
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262026895.003.0002
Subject:
Economics and Finance, Economic Systems

This chapter examines the scope for alliance formation in conflict, focusing on aspects and considerations in alliance formation that offset the strategic disadvantages. It considers (1) ... More


Theoretical Foundations of Cost-Effectiveness Analysis in Health and Medicine

David O. Meltzer, Anirban Basu, and Mark J. Sculpher

in Cost-Effectiveness in Health and Medicine

Published in print:
2016
Published Online:
November 2016
ISBN:
9780190492939
eISBN:
9780190492960
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190492939.003.0002
Subject:
Public Health and Epidemiology, Public Health

This chapter considers the foundations of cost-effectiveness analysis in constrained optimization, highlighting questions that this framework raises about objectives to be maximized, constraints to ... More


Institutional Economics and the State in Economic Development

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0017
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter looks at the institutions that are pertinent to economic development and at the institutional impediments to growth, drawing on several strands of the literature on organizational ... More


The Sustainability of Fiscal Policy in the United States

Henning Bohn

in Sustainability of Public Debt

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262140980
eISBN:
9780262280495
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262140980.003.0002
Subject:
Economics and Finance, Econometrics

This chapter reviews the conceptual issues and presents new evidence on the sustainability of U.S. fiscal policy, drawing on the historical record of U.S. fiscal policy from 1792 to 2003, and is ... More


The Debt Effect

Rohit

in It's Not Over: Structural Drivers of the Global Economic Crisis

Published in print:
2013
Published Online:
January 2013
ISBN:
9780198088417
eISBN:
9780199082292
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198088417.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

Chapter 6 studies the path of an economy where consumption of the workers is not limited by their wage income. They can take debt to finance it. Allowing for debt-driven consumption of the workers ... More


In Search of a Growth Policy Package

Brian Pinto

in How Does My Country Grow?: Economic Advice Through Story-Telling

Published in print:
2014
Published Online:
September 2014
ISBN:
9780198714675
eISBN:
9780191782978
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714675.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter captures the essence of what I learned about growth policy on the job at the World Bank. Drawing from the country stories in the book, I present a canonical growth policy package. This ... More


Notes on Agents’ Behavioural Rules under Adaptive Learning and Studies of Monetary Policy *

Seppo Honkapohja, Kaushik Mitra, and George W. Evans

in Macroeconomics at the Service of Public Policy

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199666126
eISBN:
9780191749278
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199666126.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter tries to clarify some discussions on the formulation of individual intertemporal behaviour under adaptive learning in representative agent models. The authors first discuss two suggested ... More


Conclusion

Lynette H. Ong

in Prosper or Perish: Credit and Fiscal Systems in Rural China

Published in print:
2012
Published Online:
August 2016
ISBN:
9780801450624
eISBN:
9780801465956
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801450624.003.0007
Subject:
Political Science, Asian Politics

This book concludes by providing an update on the reform of China's rural credit cooperatives (RCCs) in the late 2000s, with particular emphasis on the costs of soft-budget constraints and bailouts ... More


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