Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.
Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional mac...
This is the second of three volumes containing edited versions of papers and a commentary presented at invited symposium sessions of the Ninth World Congress of the Econometric Society, held in London in August 2005. The papers summarize and interpret key developments, and they discuss future directions for a wide variety of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields, these volumes provide a unique survey of progress in the discipline.
This is the second of three volumes containing edited versions of papers and a commentary presented at invited symposium sessions of the Ninth World C...
This is the third book of three volumes containing edited versions of papers and a commentary presented at the Ninth World Congress of the Econometric Society, held in London in August 2005. The papers summarise and interpret key developments, and they discuss future directions for a wide variety of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields, these volumes provide a unique survey of progress in the discipline.
This is the third book of three volumes containing edited versions of papers and a commentary presented at the Ninth World Congress of the Econometric...
This is the third book of three volumes containing edited versions of papers and a commentary presented at the Ninth World Congress of the Econometric Society, held in London in August 2005. The papers summarise and interpret key developments, and they discuss future directions for a wide variety of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields, these volumes provide a unique survey of progress in the discipline.
This is the third book of three volumes containing edited versions of papers and a commentary presented at the Ninth World Congress of the Econometric...
Presents the Nobel winners in economic sciences, from 1991-1995: R.H. Coarse (1991), for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy; G.S. Becker (1992) for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour; R.W. Fogel and D.C. North (1993), for having renewed research in economic history in applying economic theory and quantitative methods in order to explain economic and institutional change; J.C....
Presents the Nobel winners in economic sciences, from 1991-1995: R.H. Coarse (1991), for his discovery and clarification of the significance of transa...
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters--places that tend to combine effective state institutions, the absence of political violence,...
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable admin...
How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address.Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives, within...
How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bri...
