Three Essays on the State of Economic Science
Author: Tjalling Charles Koopmans
Publisher: A. M. Kelley
Published: 1991
Total Pages: 256
ISBN-13:
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Author: Tjalling Charles Koopmans
Publisher: A. M. Kelley
Published: 1991
Total Pages: 256
ISBN-13:
DOWNLOAD EBOOKAuthor: Henry Willmore
Publisher:
Published: 1994
Total Pages: 138
ISBN-13:
DOWNLOAD EBOOKAuthor: Werner Stark
Publisher: Psychology Press
Published: 1998
Total Pages: 238
ISBN-13: 9780415175296
DOWNLOAD EBOOKFirst Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Ran Shao
Publisher:
Published: 2011
Total Pages: 115
ISBN-13:
DOWNLOAD EBOOKThis dissertation presents three essays in economics. Firstly, I study the problem of allocating an indivisible good between two agents under incomplete information. I provide a characterization of mechanisms that maximize the sum of the expected utilities of the agents among all feasible strategy-proof mechanisms: Any optimal mechanism must be a convex combination of two fixed price mechanisms and two option mechanisms. Secondly, I study the problem of allocating a non-excludable public good between two agents under incomplete information. An equal-cost sharing mechanism which maximizes the sum of the expected utilities of the agents among all feasible strategy-proof mechanisms is proved to be optimal. Under the equal-cost sharing mechanism, when the built cost is low, the public good is provided whenever one of the agents is willing to fund it at half cost; when the cost is high, the public good is provided only if both agents are willing to fund it. Thirdly, I analyze the problem of matching two heterogeneous populations. If the payoff from a match exhibits complementarities, it is well known that absent any friction positive assortative matching is optimal. Coarse matching refers to a situation in which the populations into a finite number of classes, then randomly matched within these classes. The focus of this essay is the performance of coarse matching schemes with a finite number of classes. The main results of this essay are the following ones. First, assuming a multiplicative match payoff function, I derive a lower bound on the performance of n-class coarse matching under mild conditions on the distributions of agents' characteristics. Second, I prove that this result generalizes to a large class of match payoff functions. Third, I show that these results are applicable to a broad class of applications, including a monopoly pricing problem with incomplete information, as well as to a cost-sharing problem with incomplete information. In these problems, standard models predict that optimal contracts sort types completely. The third result implies that a monopolist can capture a large fraction of the second-best profits by offering pooling contracts with a small number of qualities.
Author: Samir Amin
Publisher: NYU Press
Published: 2013-10
Total Pages: 97
ISBN-13: 1583674241
DOWNLOAD EBOOKIn this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.
Author: Xiaoming Zhang (Researcher on economics)
Publisher:
Published: 2022
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: R. H. Coase
Publisher: University of Chicago Press
Published: 1994
Total Pages: 234
ISBN-13: 9780226111032
DOWNLOAD EBOOKHow do economists tackle the problems of the economic system and give advice on public policy? Nobel laureate R.H. Coase reflects on some of the most fundamental concerns of economists over the past two centuries. In 15 essays, Coase explore the history and philosophy of economics and evaluates the contributions of a number of outstanding figures.
Author: Werner Stark
Publisher:
Published: 1998
Total Pages: 219
ISBN-13: 9780415178389
DOWNLOAD EBOOKAuthor: Werner Stark
Publisher:
Published: 1948
Total Pages: 219
ISBN-13:
DOWNLOAD EBOOKAuthor: Franque Grimard
Publisher: Ann Arbor, Mich. : University Microfilms International
Published: 1995
Total Pages: 370
ISBN-13:
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