Download or read book Groups and Markets written by Hans Gersbach and published by Springer. This book was released on 2017-07-29 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy. In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work. Pierre-André Chiappori, Columbia University, USA The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field. Ray Rees, LMU Munich, Germany

Download or read book Networks and Markets written by James E. Rauch and published by Russell Sage Foundation. This book was released on 2001-06-21 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Networks and Markets argues that economists' knowledge of markets and sociologists' rich understanding of networks can and should be combined. Together they can help us achieve a more coherent view of economic life, where transactions follow both the logic of economic incentives and the established channels of personal relationships. Market exchange is impersonal, episodic, and carried out at arm's length. All that matters is how much the seller is asking, and how much the buyer is offering. An economic network, by contrast, is based upon more personalized and enduring relationships between people tied together by more than just price. Networks and Markets focuses on how the two concepts relate to each other: Are social networks an essential precondition for successful markets, or do networks arise naturally out of markets, as faceless traders build reputations and gain confidence in each other? The book includes contributions by both sociologists and economists, applying the concepts of markets and networks to concrete empirical phenomena. Among the topics analyzed, the book explains how, in Taiwan, South Korea, and Japan, firms combine into tightly-knit business blocs, how wholesalers in a Marseille fish market earn the loyalty of customers, and how ethnic retailers in the U.S. share valuable market information with other shopkeepers from their ethnic group. A response to each chapter discusses the issue from the standpoint of the other discipline. Sociologists are challenged to go beyond small-scale economic exchange and to integrate their concept of networks into a broader understanding of the economic system as a whole, while economists are challenged to consider the economic implications of network ties, which can be strong or weak, unconditional or highly contingent. This book proves that both economics and sociology provide stronger insights when they study markets and networks as parallel forms of exchange. But it also clarifies the healthy division of labor that remains between the two disciplines. Sociologists are adept at showing how markets are framed by social institutions; economists specialize in explaining how markets perform, taking the social context as a given. Networks and Markets showcases what each discipline does best and reveals where each discipline would do better by borrowing from the other.

Download or read book Key Concepts in Marketing written by Jim Blythe and published by SAGE. This book was released on 2009-02-16 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: `If you want a clear, well written and authoritative introduction to the ideas and concepts that underpin the marketing discipline, this is the book for you′ - Emeritus Professor Michael J Baker `Each section draws the reader in to the story - the what and why of marketing, and also deals well with how. While it is educational and informing it is also a jolly good read′ - Heather Skinner, Principal Lecturer, Glamorgan Business School The perfect quick reference text for your marketing course, Key Concepts in Marketing introduces and examines the key issues, methods, models and debates that define the field of marketing today. Over 50 essential concepts are covered, including the marketing mix, branding, consumerism, marketing communication and corporate image. Each entries features: - Useful definition box - Summary of the concept - A broader discussion - Examples and illustrations - Key literature references This extremely readable and accessible format provides the reader a wealth of information at their fingertips, and provides a valuable reference to any student of marketing. The SAGE Key Concepts series provides students with accessible and authoritative knowledge of the essential topics in a variety of disciplines. Cross-referenced throughout, the format encourages critical evaluation through understanding. Written by experienced and respected academics, the books are indispensable study aids and guides to comprehension.

Download or read book Democracy and Markets written by John R. Freeman and published by Cornell University Press. This book was released on 2018-08-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Events of the 1970s and 1980s have provoked intense controversy about the desirability of existing political and economic institutions. On the basis of an analysis of social welfare in varying types of market systems and in certain democratic political systems, Democracy and Markets illuminates alternative directions for institutional reform. Examining in detail the experiences of several democratic European countries, John R. Freeman considers whether a mixed ownership structure is preferable to a private ownership structure; and whether a pluralist type of democratic politics is preferable to a corporatist type. Freeman compares the benefits of the two economic and two political systems separately, and then analyzes the workings of four basic political economies. This analysis yields a welfare taxonomy for alternative forms of democratic capitalism and more specifically a characterization of the blends of collective gain and distributional equity that can be achieved in the four systems. Freeman demonstrates the validity of this taxonomy through an empirical investigation of the political economies of Britain, Austria, Sweden, and Italy. Under current conditions, he concludes, the corporatist-mixed system produces the most desirable blend of welfare outcomes.

Download or read book Indian Business Groups and Other Corporations written by Achin Chakraborty and published by Springer Nature. This book was released on with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Building States and Markets written by G. Özcan and published by Springer. This book was released on 2016-04-30 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition economies of Central Asia are faced with the most daunting challenge of modern capitalism: the move from vassal pseudo-states of the former Soviet Union to competitive nations. This book is the first to explore the first 15 years of economic emergence, and assess the capabilities of these countries to transform their economies.

Download or read book Business Groups and Financial Markets written by Sandro Segre and published by Routledge. This book was released on 2017-07-12 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German." The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities. By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities. The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.

Download or read book A Weberian Analysis of Business Groups and Financial Markets written by Sandro Segre and published by Routledge. This book was released on 2017-11-30 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moral economy, as a set of rules which regulate market transactions, has been the object of much research and debate since the 1980s; it has also been the focus of classical sociological authors such as Weber, Simmel and Toennies. Weber in particular examined the rules of the moral economy in the financial markets, and this volume sheds light on his contribution to the subject. The book formulates two models of business relations - one oligopolistic model, the other based on free competition - which are derived from Weber and Simmel's writings and which represent alternative instances of the moral economy. Empirical case studies in the form of South Korea and Taiwan are included to exemplify the two models and to highlight the consequences of adopting one model over the other. The volume also examines the conduct of actors in some of the leading financial markets, with reference to Weber's writings on the 19th century London and Berlin Stock Exchanges.

Download or read book The Emergence of Organizations and Markets written by John F. Padgett and published by Princeton University Press. This book was released on 2012-10-14 with total page 607 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. In the short run, they argue, actors make relations, but in the long run, they argue, actors make actors. Organizational novelty arises from spillover across intertwined networks, which tips reproducing biographical and production flows. This theory is developed through formal deductive modeling and through a wide range of careful and original historical case studies, ranging from early capitalism and state formation, to the transformation of communism, to the emergence of contemporary biotechnology and Silicon Vally. -- from back cover.

Download or read book Regulation and Markets written by Daniel F. Spulber and published by MIT Press. This book was released on 1989 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety. The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.

Download or read book Migrants and Markets written by Holger Kolb and published by Amsterdam University Press. This book was released on 2008 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the course of their interaction, economics and migration research have treated each other with mutual indifference. When migration research attempted to overstretch its bounds, economics reduced its analytical scope to those areas that originally seemed to belong to the genuine economic sphere. This volume considers eleven case studies that aim to overcome the artificial barrier between the two disciplines by applying the economic method to migratory phenomena, utilizing economic theories in order to explain migratory patterns, and regarding the structure and development of markets as crucial to the shaping of population stocks and the flow of migrants.

Download or read book An Economic Theory of Greed Love Groups and Networks written by Paul Frijters and published by Cambridge University Press. This book was released on 2013-03-07 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are people loyal? How do groups form and how do they create incentives for their members to abide by group norms? Until now, economics has only been able to partially answer these questions. In this groundbreaking work, Paul Frijters presents a new unified theory of human behaviour. To do so, he incorporates comprehensive yet tractable definitions of love and power, and the dynamics of groups and networks, into the traditional mainstream economic view. The result is an enhanced view of human societies that nevertheless retains the pursuit of self-interest at its core. This book provides a digestible but comprehensive theory of our socioeconomic system, which condenses its immense complexity into simplified representations. The result both illuminates humanity's history and suggests ways forward for policies today, in areas as diverse as poverty reduction and tax compliance.

Download or read book Beyond States and Markets written by Isabella Bakker and published by Routledge. This book was released on 2012-08-21 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seeking to extend our understanding of the contemporary global political economy, this book provides an important and original introduction to the current theoretical debates about social reproduction and argues for the necessity of linking social reproduction to specific contexts of power and production. It illustrates the analytic value of the concept of social reproduction through a series of case studies that examine the implications of how labor power is reproduced and how lives outside of work are lived. The issues examined in countries including the Ukraine, Chile, Spain, Nepal, India and Indonesia, consist of: Human trafficking and sex work Women and work Migration, labor and gender inequality Micro-credit programs and investing in women Health, biological reproduction and assisted reproductive technologies The book lends a unique perspective to the understandings of transformation in the global political economy precisely because of its simultaneous focus on the caring and provisioning of the everyday and its relationships to policies and decisions made at the national and international levels of both formal and informal institutions. With its multi-disciplinary approach, this book will be indispensable to students and scholars of International Political Economy, Development Studies, Gender or Women’s Studies, International Studies, Globalization and International Relations.

Download or read book Money and Markets written by Maria Cristina Marcuzzo and published by Routledge. This book was released on 2007-04-11 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together fourteen essays by leading authors in the field of economics to explore the relationship between money and markets throughout economic theory and history, providing readers with the key to understanding fundamental issues in monetary theory and other important debates in contemporary economics. Addressing this popular and topical area in economic discussion and debate an impressive array of contributors, including Meghnad Desai, Charles Goodhart and John Davis examine the theory, policy and history of economics in the USA, Europe and Japan. The subjects covered include: the history of economic thought money and banking monetary economics poverty modern economic history. This volume is essential reading for postdoctoral researchers and historians of economic thought across the globe.

Download or read book Evolution of Markets and Institutions written by Murali Patibandla and published by Routledge. This book was released on 2006-09-27 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new institutional economics has been one of the most influential schools of thought to emerge in the past quarter century. Taking its roots in the transaction cost theory of the firm as an economic organization rather than purely a production function, it has been developed further by scholars such as Oliver Williamson, Douglas North and their followers, leading to the rich and growing field of the new institutional economics. This branch of economics stresses the importance of institutions in the functioning of free markets, which include elaborately defined and effectively enforced property rights in the presence of transaction costs, large corporate organizations with agency and hierarchical controls, formal contracts, bankruptcy laws, and regulatory institutions. In this timely volume, Murali Patibandla applies some of the precepts of the new institutional economics to India - one of the world's most promising economies.

Download or read book Financial Institutions and Markets written by G. Kaufman and published by Springer. This book was released on 2008-12-08 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book isa collection of research papers that contribute to the understanding of ongoing developments in financial institutions and markets both in the United States and globally.

Download or read book Politics Products and Markets written by Michele Micheletti and published by Transaction Publishers. This book was released on 2004 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contemporary life, the marketplace has emerged as an important arena for the practice of politics. Concerns about personal and family well-being as well as ethical or political assessment of favorable and unfavorable business and government practices become part and parcel of the marketplace of politics. This volume describes this phenomenon as political consumerism, reflecting an understanding of politics as a product embedded in a complex social and normative context. Politics, Products, and Markets is the first general study of political consumerism. It asks fundamental questions, including what is new and what is old about the phenomenon. The authors discuss the mediating role of political consumerism in the problematic relationship between markets and morality. They explore whether institutional arrangements have been developed to permit consumers and producers to assume ethical responsibility for their choices and behavior. They ask why political consumerism is presently on the rise. And they investigate the relationship between globalization and political consumerism. Part 1, "Making Money Morally," discusses how political consumerism challenges the perceived division between private interests pursued by private actors in the market and public interests pursued through political means. Part 2, "Consumer Choices and Setting of the Agenda of Politics," contains examples of how political consumerism sets the agenda of politics and discusses its democratic quality. Part 3, "Building Responsible Institutions in Multi-Risk Society," has as its central theme the development of new political consumer institutions. Part 4, "Politicizing Consumers and Change in Politics," studies the characteristics of political consumers and raises the question of whether political consumerism really is politics. This volume will be of interest to social scientists, social activists, and policy institutes. Michele Micheletti is associate professor of political science at Stockholm University, and former member of the SNS Democratic Audit. Andreas Fllesdal is professor of philosophy at the Norwegian Institute for Human Rights, Faculty of Law, University of Oslo, and at the ARENA research program on Europeanization of the Nation-State. He is a 2003 Fulbright New Century Scholar; Dietlind Stolle is assistant professor in political science at McGill University in Montreal.