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198 results in Microeconomics

Page 1 of 10

Advances in Economics and Econometrics
  • Twelfth World Congress
  • Volume 2
  • Edited by Victor Chernozhukov, Johannes Hörner, Eliana La Ferrara, Iván Werning
  • Coming soon
  • Expected online publication date:
    August 2025
    Print publication:
    30 September 2025
  • Every five years, the World Congress of the Econometric Society brings together scholars from around the world. Leading scholars present state-of-the-art overviews of their areas of research, offering newcomers access to key research in economics. Advances in Economics and Econometrics: Twelfth World Congress consist of papers and commentaries presented at the Twelfth World Congress of the Econometric Society. This two-volume set includes surveys and interpretations of key developments in economics and econometrics, and discussion of future directions for a variety of topics, covering both theory and application. The first volume addresses such topics as contract theory, industrial organization, health and human capital, as well as racial justice, while the second volume includes theoretical and applied papers on climate change, time series econometrics, and causal inference. These papers are invaluable for experienced economists seeking to broaden their knowledge or young economists new to the field.

Advances in Economics and Econometrics
  • Twelfth World Congress
  • Volume 1
  • Edited by Victor Chernozhukov, Johannes Hörner, Eliana La Ferrara, Iván Werning
  • Coming soon
  • Expected online publication date:
    August 2025
    Print publication:
    30 September 2025
  • Every five years, the World Congress of the Econometric Society brings together scholars from around the world. Leading scholars present state-of-the-art overviews of their areas of research, offering newcomers access to key research in economics. Advances in Economics and Econometrics: Twelfth World Congress consist of papers and commentaries presented at the Twelfth World Congress of the Econometric Society. This two-volume set includes surveys and interpretations of key developments in economics and econometrics, and discussion of future directions for a variety of topics, covering both theory and application. The first volume addresses such topics as contract theory, industrial organization, health and human capital, as well as racial justice, while the second volume includes theoretical and applied papers on climate change, time series econometrics, and causal inference. These papers are invaluable for experienced economists seeking to broaden their knowledge or young economists new to the field.

Funding White Supremacy
  • Federal Wealth Policies and the Modern Racial Wealth Gap
  • Robert B. Williams
  • Coming soon
  • Expected online publication date:
    July 2025
    Print publication:
    31 July 2025
  • In Funding White Supremacy, Robert B. Williams shows how current federal policies have perpetuated and expanded the racial wealth gap in the United States. Through the lens of stratification economics, Williams explores how twelve tax expenditures buried in the federal tax code shower over $1 trillion annually to mostly wealthy, white households, while federal estate and gift taxes have been systematically dismantled. The book reveals how these policies originated in a period of overt racial oppression and have evolved in the modern, post-Civil Rights era, not only contributing to the expanding racial wealth gaps over the last fifty years but how they have also fostered the growth of white wealth at the expense of Black wealth. This book is a must-read for anyone seeking to understand how federal policies contribute to the vast and expanding racial wealth gap at the core of the American system of white supremacy.

From Decision Theory to Game Theory
  • Reasoning about the Decisions of Others
  • Andrés Perea
  • Coming soon
  • Expected online publication date:
    July 2025
    Print publication:
    31 July 2025
  • From Decision Theory to Game Theory shows how the reasoning patterns of common belief in rationality, correct beliefs and symmetric beliefs can be defined in a unified way. It explores the link between decision theory and game theory, particularly how various important classes of games (e.g., games with incomplete information, games with unawareness and psychological games), can be analysed from both a unified decision-theoretic and unified interactive-reasoning perspective. Providing a smooth transition between one-person decision theory and game theory, it views each game as a collection of one-person decision problems – one for every player. Written in a non-technical style, this book includes practical problems and examples from everyday life to make the material more accessible. The book is targeted at a wide audience, including students and scholars from economics, mathematics, business, philosophy, logic, computer science, artificial intelligence, sociology and political science.

Stratification Economics and Disability Justice
  • Adam Hollowell, Keisha Bentley-Edwards
  • Coming soon
  • Expected online publication date:
    June 2025
    Print publication:
    31 May 2025
  • In Stratification Economics and Disability Justice, Adam Hollowell and Keisha Bentley-Edwards explore how the work of Black disabled activists can and should inform economic analysis of inequality in the United States. Presenting evidence of disability-based inequality from economics, sociology, disability studies, and beyond, they make a case for the inclusion of ableism alongside racism and misogyny in stratification economics' analysis of intergroup disparity. The book highlights the limitations of traditional economic analyses and elevates quantitative and qualitative intersectional research methods across four key areas in stratification economics: employment, health, wealth, and education. Chapters also recommend public policies to advance fair employment, healthcare access, and equal education for Black disabled people in the US Incisive and compelling, Stratification Economics and Disability Justice follows the lead of Black disabled activists pursuing intersectional advancement of economic justice.

Principles of Behavioral Economics
  • Microeconomics and Human Behavior
  • Sanjit Dhami
  • Published online:
    13 February 2025
    Print publication:
    16 January 2025
  • Principles of Behavioral Economics, written by an acknowledged leader in the field, provides a comprehensive introduction to one of the most exciting areas of modern economics. It demonstrates how models of economic theory can be enriched by using interdisciplinary insights from psychology, sociology, evolutionary biology, and neuroscience to build the basis for a more empirically supported set of economic principles. Unique in its level of rigor and lucidity, the book highlights the important link between theoretical and empirical economics by demonstrating the usefulness of a range of data sources such as observational data, lab data, survey data, and neuroeconomic data. This field-defining textbook argues that behavioral economics is not just a supplement to mainstream economics. Taking behavioral economics seriously requires a total rethink, and eventual transformation, of every area of economics.

Behavioural Economics and Policy for Pandemics
  • Insights from Responses to COVID-19
  • Edited by Joan Costa-Font, Matteo M. Galizzi
  • Published online:
    31 January 2025
    Print publication:
    02 May 2024
  • Behavioural economics and behavioural public policy have been fundamental parts of governmental responses to the Covid-19 pandemic. This was not only the case at the beginning of the pandemic as governments pondered how to get people to follow restrictions, but also during delivery of the vaccination programme. Behavioural Economics and Policy for Pandemics brings together a world-class line-up of experts to examine the successes and failures of behavioural economics and policy in relation to the Covid-19 pandemic. It documents how people changed their behaviours and use of health care and discusses what we can learn in terms of addressing future pandemics. Featuring high-profile behavioural economists such as George Loewenstein, this book uniquely uncovers behavioural regularities that emerge in the different waves of COVID-19 and documents how pandemics change our lives.

Economics without Preferences
  • Microeconomics and Policymaking Beyond the Maximizing Individual
  • Michael Mandler
  • Published online:
    02 January 2025
    Print publication:
    16 January 2025
  • Economics without Preferences lays out a new microeconomics – a theory of choice behavior, markets, and welfare – for agents who lack the preferences and marginal judgments that economics normally relies on. Agents without preferences defy the rules of the traditional model of rational choice but they can still systematically pursue their interests. The theory that results resolves several puzzles in economics. Status quo bias and other anomalies of behavioral economics shield agents from harm; they are expressions rather than violations of rationality. Parts of economic orthodoxy go out the window. Agents will fail to make the fine-grained trade-offs ingrained in conventional economics, leading market prices to be volatile and cost-benefit analysis to break down. This book provides policy alternatives to fill this void. Governments can spur innovation, the main benefit markets can deliver, while sheltering agents from the upheavals that accompany economic change.

The Cambridge Handbook of Healthcare
  • Productivity, Efficiency, Effectiveness
  • Edited by Shawna Grosskopf, Vivian Valdmanis, Valentin Zelenyuk
  • Published online:
    21 November 2024
    Print publication:
    28 November 2024
  • Healthcare is inextricably bound to productivity, efficiency, and economic development. Although many methods for analyzing productivity and efficiency have been extensively covered, relatively little focus has been placed on how those methods can be applied to health care in a coherent and comprehensive manner. The Cambridge Handbook of Healthcare outlines current foundations and states of the art on which future research can build. It brings together experts in this growing field to cover three key sources and aspects of human welfare – productivity, efficiency, and healthcare. Beginning with academic focused chapters, this book bridges and provides outreach to the practice and regulation of the health care industry and includes academic and regulatory perspectives, including overviews of major evidence from international empirical applications. Each chapter is dedicated to a particular topic and delivered by international experts on that topic.

The Peace Formula
  • Voice, Work and Warranties, Not Violence
  • Dominic Rohner
  • Published online:
    31 August 2024
    Print publication:
    15 August 2024
  • Economic forces play a major role in the outbreak and perpetuation of violence, but they also hold the key for positive change. Using a non-technical and accessible style, The Peace Formula attacks a series of misconceptions about how economics has been used to foster peace. In place of these misconceptions, this book draws on rich historical anecdotes and cutting-edge academic evidence to outline the 'peace formula' – a set of key policies that are crucial ingredients for curbing armed conflict and achieving transition to lasting peace and prosperity. These policies include providing jobs (work), democratic participation (voice), and guaranteeing the security and basic functions of the state (warranties). Investigating specific political institutions and economic policies, this book provides the first easily accessible synthesis of this work and explains how 'smart idealism' can help us get the incentives of our leaders right. The stakes could hardly be higher.

Contests
  • Theory and Applications
  • Carmen Beviá, Luis Corchón
  • Published online:
    30 May 2024
    Print publication:
    06 June 2024
  • Contest theory is an important part of game theory used to analyse different types of contests and conflicts. Traditional microeconomic models focus on situations where property rights are well defined, and agents voluntarily trade rights over goods or produce rights for new goods. However, much less focus has been given to other situations where agents do not trade property rights, but rather fight over them. Contests: Theory and Applications presents a state-of-the art discussion of the economics of contests from the perspective of both core theory and applications. It provides a new approach to standard topics in labour, education, welfare and development and introduces areas like voting, industrial organisation, mechanism design, sport, and military conflict. Using elementary mathematics, this book provides a versatile framework for navigating this growing area of study and serves as an essential resource for its wide variety of applications in economics and political science.

Microeconomics for Managers
  • Principles and Applications
  • 4th edition
  • Richard B. McKenzie, D. Eric Schansberg, Dwight R. Lee
  • Published online:
    22 March 2024
    Print publication:
    28 March 2024
  • This fully updated fourth edition explores microeconomic concepts, with a distinctive emphasis on 'the economic way of thinking' and its applicability to sharp managerial thinking, productivity, and good decision-making. It stands apart due to its strong focus on practical and applied knowledge from the business context and its unique structure (Part I of each chapter develops key economic principles; Part II draws on those principles to discuss organizational and incentive issues in management, focusing on solving the 'principal-agent' problem to maximize the profitability of the firm). There are plentiful real-life scenarios and provocative examples in each chapter. Accessible to MBA students, other graduate students and undergraduates, it is ideal as a core text for courses in Managerial Economics. Requiring an understanding of only basic algebra, this new edition is more concise with a wealth of online resources, including additional online chapters and an online appendix with more advanced mathematical applications.

Dog Economics
  • Perspectives on Our Canine Relationships
  • David L. Weimer, Aidan R. Vining
  • Published online:
    11 January 2024
    Print publication:
    01 February 2024
  • Archaeologists, anthropologists, and evolutionary biologists study the origins of our relationship with dogs and how it has evolved over time. Sociologists and legal scholars study the roles of dogs in the modern family. Veterinarian researchers address the relationship in the context of professional practice, yet economists have produced scant scholarship on the relationship between humans and dogs. Dog Economics applies economic concepts to relationships between people and dogs to inform our understanding of their domestication. It interprets their contemporary role as both property and family members and explores factors that affect the demand for dogs as well as market failures of the American puppy market. Offering economic perspectives on our varied relationships with dogs, this book assesses mortality risks and addresses end-of-life issues that commonly arise. It develops a framework for classifying canine occupations, considers the impact of pet insurance on euthanasia, and assesses the social value of guide dogs.

The Economics of Art and Culture
  • 3rd edition
  • Karol J. Borowiecki, Charles M. Gray, James Heilbrun
  • Published online:
    24 November 2023
    Print publication:
    28 September 2023
  • Spanning the economics of the fine arts, performing arts, and public policy, this updated classic is the go-to resource for navigating today's creative industries. Building on real-world data, engaging case studies, and cutting-edge research, it prepares students for careers in the cultural, creative, and public sectors. By avoiding mathematical treatments and explaining theories with examples, this book develops theoretical concepts from scratch, making it accessible to readers with no background in economics. While most of the theory remains timeless, this new edition covers changes in the world's economic landscapes. Updates include new sections on gender representation, cultural districts and tourism, digital broadcasting and streaming, how technology impacts the arts, and arts management and strategy. The authors demonstrate data-driven decision-making using examples and cases from various databases. Students learn to assess academic results and apply the learned material using the discussion questions and problem sets.

Mighty Microeconomics
  • A Guide to Thinking Like An Economist
  • Michihiro Kandori
  • Published online:
    15 July 2023
    Print publication:
    06 July 2023
  • Economics helps us to understand that certain slick mechanisms are operating beyond what we see in our daily economic lives. To fully understand and appreciate these mechanisms, we need to master the core mathematical theories, some of which are highly advanced and typically covered in a graduate course. This textbook presents those theories without compromising rigor, but, at the same time, the author offers a number of innovative pedagogical twists that make the difficult materials completely accessible to undergraduate students, and even to general readers. Written in a chatty, colloquial style, the author explains basic messages and core insights that are usually hidden between the lines. The usefulness of these theories is shown through a number of real-life examples, and, in the end, the readers can see that the mathematical models provide deep insights into social justice and philosophy. This book helps readers to think like an economist.

Online and Matching-Based Market Design
  • Edited by Federico Echenique, Nicole Immorlica, Vijay V. Vazirani
  • Foreword by Alvin E. Roth
  • Published online:
    13 May 2023
    Print publication:
    22 June 2023
  • The rich, multi-faceted and multi-disciplinary field of matching-based market design is an active and important one due to its highly successful applications with economic and sociological impact. Its home is economics, but with intimate connections to algorithm design and operations research. With chapters contributed by over fifty top researchers from all three disciplines, this volume is unique in its breadth and depth, while still being a cohesive and unified picture of the field, suitable for the uninitiated as well as the expert. It explains the dominant ideas from computer science and economics underlying the most important results on market design and introduces the main algorithmic questions and combinatorial structures. Methodologies and applications from both the pre-Internet and post-Internet eras are covered in detail. Key chapters discuss the basic notions of efficiency, fairness and incentives, and the way market design seeks solutions guided by normative criteria borrowed from social choice theory.

Wellbeing
  • Science and Policy
  • Richard Layard, Jan-Emmanuel De Neve
  • Published online:
    12 May 2023
    Print publication:
    02 March 2023
  • What produces a happy society and a happy life? Thanks to the new science of wellbeing, we can now answer this question using state-of-the-art empirical evidence. This transforms our ability to base our decisions on the outcomes that matter most, namely the wellbeing of us all including future generations. Written by two of the world's leading experts on the economics of wellbeing, this book shows how wellbeing can be measured, what causes it and how it can be improved. Its findings are profoundly relevant to all social sciences, including psychology, economics, politics, behavioural science and sociology. A field-defining text on a new science that aims to span the whole of human life, this will be an invaluable resource for undergraduate and graduate students, policy-makers and employers, who can apply its insights in their professional and private lives. This title is also available as Open Access on Cambridge Core.

Land, Promise, and Peril
  • Race and Stratification in the Rural South
  • Mary D. Coleman
  • Published online:
    15 April 2023
    Print publication:
    20 April 2023
  • In Langston Hughes' 'Mother to Son,' (1922), written at a time of dramatic disruption in the American economy and continued tyranny in the lives of Black people, urban and rural, the Mother pleads with the child not to give up. She tells the child that she has been 'a climbing on, reaching landings and turning corners.' Not only did the seven families chronicled in this unique study not give up, while both losing and gaining ground, they managed to sponsor a generation of children, several of whom reached the middle and upper-middle classes. Land, Promise, and Peril chronicles the actions, actors, and events that propelled legal racism and quelled it, showing how leadership and political institutions play a crucial role in shaping the pace and quality of exits from poverty. Despite great odds, some domestics, sharecroppers, tenants, and farmers and their children navigated pathways toward the middle class and beyond.

The Economics of Structural Racism
  • Stratification Economics and US Labor Markets
  • Patrick L. Mason
  • Published online:
    06 April 2023
    Print publication:
    13 April 2023
  • This extensive and comprehensive book tracks persistent racial disparities in the US across multiple regimes of structural racism. It begins with an examination of the economics of racial identity, mechanisms of stratification, and regimes of structural racism. It analyzes trends in racial inequality in education and changes in family structure since the demise of Jim Crow. The book also examines generational trends in income, wealth, and employment for families and individuals, by race, gender, and national region. It explores economic differences among African Americans, by region, ethnicity, nativity, gender, and racial identity. Finally, the book provides a theoretical analysis of structural racism, productivity, and wages, with a special focus on the role of managers and instrumental discrimination inside the firm. The book concludes with an investigation of instrumental discrimination, hate crimes, the criminal legal system, and the impact of mass incarceration on family structure and economic inequality.

Advice, Social Learning and the Evolution of Conventions
  • Andrew Schotter
  • Published online:
    09 March 2023
    Print publication:
    09 March 2023
  • As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.

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