The economics of art markets is an area open to econometricians, theorists, economic (and of course art) historians, labour economists, and students interested in the economic analysis of legal problems. This volume covers a large number of issues including auction anomalies, the management of museums, the excess supply of labour in the performing arts, the economic analysis of property rights and art thefts, and investment in artworks. It also discusses what can be learnt from history on the behaviour of collectors and on prices of originals with respect to copies. The coverage of topics...

The papers collected in this volume demonstrate how different kinds of analytical approach can be used to anticipate the economic repercussions of systematic reduction of military spending. This volume will be of interest to economists; scholars in peace studies, international relations and such like; and officials of national governments and international bodies dealing with disarmament issues and with economic restructuring.

This volume contains chapters by different authors describing the development of competition policy in 10 European Union Member States, as well as the interaction of those policies with EU competition policy. The convergence of Member State competition policy to the EU approach is put in evidence, as is the influence of Member State practice on EU competition policy. The chapters are rich in institutional detail, but also analyze the functioning of competition policy from an economic point of view.

This volume and a subsequent one, contain several new papers on index number and aggregation theory, as well as some previously published papers, by W.E. Diewert and co-authors. The two volumes study aggregation problems in economics, primarily the aggregation over goods problem. However, some of the chapters also touch on aspects of the aggregation over agents problem. In the present volume, the reader can find, according to his/her requirements, either a short course on index number theory; a more in-depth course; or chapters on specific topics such as the measurement of inequality,...

The papers in this volume review and evaluate the wave of income tax reforms that have taken place in the industrial world over the last five years. The key issues which are singled out include the effect of the income tax on labor supply, the tax unit, the relationship with social security taxes, the taxation of capital income, international issues and the political economy of income taxation. Special attention is given to the choice between income and consumption as the appropriate tax base on efficiency and horizontal equity grounds.

Hardbound. This book is a result of recent developments in several fields. Mathematicians, statisticians, finance theorists, and economists found several interconnections in their research. The emphasis was on common methods, although the applications were also interrelated.The main topic is dynamic stochastic models, in which information arrives and decisions are made sequentially. This gives rise to what finance theorists call option value, what some economists label quasi-option value. Some papers extend the mathematical theory, some deal with new methods of economic analysis, while some...

Hardbound. The theory and practice of measuring consumer demand for environmental quality is comprehensively and practically reviewed in this book. It was perceived that there was a significant need for a book that was both theoretically rigorous yet could address the question of how to actually measure this demand. The volume is divided into two sections. The first section develops theoretical tools and covers the principal methods for measuring demand for environmental goods. The second part of the book is concerned with implementing theory for specific classes of environmental effects.

Hardbound. Defined and illustrated in this book is the measurement of productivity and the sources and effects of technological change for industries and enterprises. A general framework for analysis unites general assumptions about market structure and producer motivation with new econometric methods to quantify, e.g. economics of scale and scope, learning effects and sources of biased technological change. Adaptation of accounting data to appropriate financial and economic concepts is stressed for both econometric and non-econometric measurement methods. High technology industries such as...

This analysis of the political economy of government debt is divided into two parts. The first part deals with theoretical issues. Topics covered include: behavioural aspects; long term debt strategy; the political economy of redistribution; a model of intergenerational redistribution; the relationship between social security and the deficit in the US; the consequences of endogenous technology; and budgetary and monetary issues related to European integration. The second part of the volume concerns empirical applications, including the empirical relevance of the notion of debt neutrality; the...

The effects and challenges of European integration are analysed in this book, using a wide variety of research methods Topics covered include macroeconometric and applied general equilibrium modelling, international trade and applied econometric analysis. Various contributions focus on Europe itself and are concerned with macroeconomic management, price convergence, industrial restructuring and the environment. Extra developments in the European Community are also discussed, in relation with European integration, including world trade, regional integration and the East-European transition to...