Based on recent advances in economics, especially those in behavioral economics, this book elucidates theoretically and empirically the mechanism of time-inconsistent decision making that leads to various forms of self-destructive behavior. The topics include over-eating and obesity, over-spending, over-borrowing, under-saving, procrastination, smoking, gambling, over-drinking, and other intemperate behaviors, all of which relate to serious social problems in advanced countries. In this book, the author attempts to construct a bridge between the basic theory of time discounting, especially as of hyperbolic discounting, and empirically observed "irrational (non-classical)" behavior in the various contexts just mentioned. The empirical validity of the theory is discussed using unique micro data as well as public macro data. The book proposes prescriptions for individual decision makers, whether sophisticated or naive, to make better choices in self-control problems, and also provides policy makers with useful advice for influencing people's decision making in the right directions. This work is recommended not only to general readers who seek to learn how to attain better self-regulation under self-control problems. It also helps researchers who seek an overview of positive and normative implications of hyperbolic discounting, and thereby reconstruct economic theory for a better understanding of actual human behavior and the resulting economic dynamics .

The story of Oxford University and Management Education, including the text of key university reports on management studies in Oxford and personal sketches of major players

This highly topical book presents a new theory on the characteristics of entrepreneurial knowledge. It explores the recent shift among professional economists and scholars in their evaluation of the debate of socialism. Socialism, Economic Calculation and Entrepreneurship presents an application of Israel M. Kirzner's theory of entrepreneurship to the theory of the impossibility of socialism. It discusses the influence of the fall of socialism, with particular reference to the evolution of economic thought.

This book offers examples of how data science, big data, analytics, and cloud technology can be used in healthcare to significantly improve a hospital's IT Energy Efficiency along with information on the best ways to improve energy efficiency for healthcare in a cost effective manner. The book builds on the work done in other sectors (mainly data centers) in effectively measuring and improving IT energy efficiency and includes case studies illustrating power and cooling requirements within Green Healthcare. Making Healthcare Green will appeal to professionals and researchers working in the areas of analytics and energy efficiency within the healthcare fields.

Changing Behaviours charts the emergence of the behavior change agenda in UK based public policy making since the late 1990s. By tracing the influence of the behavioural sciences on Whitehall policy makers, the authors explore a new psychological orthodoxy in the practices of governing. Drawing on original empirical material, chapters examine the impact of behavior change policies in the fields of health, personal finance and the environment. This topical and insightful book analyses how the nature of the human subject itself is re-imagined through behavior change, and develops an analytical framework for evaluating the ethics, efficacy and potential empowerment of behavior change. This unique book will be of interest to advanced undergraduates, postgraduates and academics in a range of different disciplines. In particular, its inter-disciplinary focus on key themes in the social sciences - the state, citizenship, the meaning and scope of government - will make it essential reading for students of political science, sociology, anthropology, geography, policy studies and public administration. In addition, the book s focus on the practical use of psychological and behavioral insights by politicians and policy makers should lead to considerable interest in psychology and behavioural economics. Contents: Preface 1. Changing Behaviours and 'New Models of Man' 2. The Rise of the Psychological State in the UK 3. In the Heat of the Moment: Gambling and Saving Behaviours 4. Replanning the Street: Changing Behaviours by Spatial Design 5. Governing the Body: Addressing the Temptations of Food and Alcohol 6. Greening the Brain: The Pro-Environmental Behaviour Change Agenda Conclusion: Nudge, Think, Steer, Punch! Searching for the Real Third Way References Index

This volume is a collection of twelve selected empirical studies on the economics of agriculture and natural resources. Twenty-two authors have contributed their research to this volume. Papers of this volume are grouped into three main domains covering: Agricultural Resilience and Sustainability; Agricultural Producers and Consumers; and Energy Use in Agriculture. Organized in an analytical framework and offering comprehensive empirical data, this book focuses on agricultural sustainability and resilience, environmental efficiency, agricultural extension, foreign trade, energy use, and agricultural growth aspects of the Iranian agriculture sector. They demonstrate technical and methodological tools used for the analysis and explain their application in the agricultural sector of Iran. This book will be a valuable read for those managing agricultural enterprises, policy makers, and researchers of agricultural producers and consumers.

Doing business in Europe is increasingly becoming an everyday reality for many companies, not only large corporations, but also small and medium-sized enterprises. European Business Environment offers students a practical introduction to how to create, manage and develop business opportunities in the European Union. Taking a multidisciplinary approach to doing business in the EU, this textbook focuses on the European dimensions of economics, marketing and law. With case studies presented throughout the book, the relationship between business and the political institutions, policies and regulations of the European Union are explored. This is an essential introductory textbook for students at both undergraduate and graduate levels in a wide range of degree and professional programmes, including Economics, MBA, Law and Marketing. It is of particular relevance to students interested in the European context of these disciplines and can be used as a core textbook for courses in European Integration or Business and International Environment in Europe and other parts of the world.

This work uses techniques of optimization and operations research to develop the first comprehensive survey of the entire field of the optimization of resource, production, and distribution systems. Sten Thore proposes an "economic logistics" that is similar to the well-known concept of military logistics, but which is expanded to include such features as the optimal location of plants, inventories and retail outlets, and the management of hierarchical multi-echelon production, inventory, and distribution systems. The study of individual features of this supply process is familiar from operations research, but Thore joins these elements together into larger analytic structures encompassing the production and distribution system in an entire industry. Following an introductory chapter and a review of the saddle-point theory, coauthored with W. W. Cooper, Thore explores the three dimensions of the supply process synthesis: the spatial dimension (as in simple transportation systems), the vertical dimension (extending from resources to finished consumer goods, as in activity analysis), and the time dimension (as in inventory accumulation and investment). The combination of these then leads to models of such diverse subjects as regional warehouse systems, activity analysis and activity networks, multi-stage warehouse systems of intermediate goods, distribution networks, and spatial equilibrium. Each chapter contains its own exercises which are solved numerically and discussed in great detail, and illustrate such optimization techniques as linear and nonlinear programming, goal programming and goal focusing, chance-constrained programming, and infinite games. This work is designed for use ingraduate courses in economics and mathematics modeling, and will also be a useful addition to college and university library collections.

This comprehensive work, covering a wide spectrum of the marketing environment, provides a fundamental basis to marketing geography for those concerned with market research, comparative and international marketing, and the study of economic geography. The book focusses on the spatial patterns and processes in marketing, and the development conflicts occur in the marketing system, and how evolution and change in marketing systems is realised through the resolution of these conflicts. The major sectors and institutions in the marketing system are described and a detailed study is made of the ways they change and interact.

This important new book, the first of its kind in the fire safety field, discusses the economic problems faced by decision-makers in the areas of fire safety and fire precautions. The author considers the theoretical aspects of cost-benefit analysis and other relevant economic problems with practical applications to fire protection systems. Clear examples are included to illustrate these techniques in action. The work covers: * the performance and effectiveness of passive fire protection measures such as structural fire resistance and means of escape facilities, and active systems such as sprinklers and detectors * the importance of educating for better understanding and implementation of fire prevention through publicity campaigns and fire brigade operations * cost-benefit analysis of fire protection measures and their combinations, taking into account trade-offs between these measures. The book is essential reading for consultants and academics in construction management, economics and fire safety, as well as for insurance and risk management professionals.

The marketing of a destination requires effective planning and organization to engage prospective visitors. However, adequately marketing a destination requires not only a knowledge of the marketing channels but also an in-depth understanding of the motives and facilitators of tourism. Strategic Perspectives in Destination Marketing is a collection of innovative research on the methods and applications of branding in the tourism, travel, and hospitality industry sectors. It explores the pedagogical applications of socio-economic, environmental, and technological impacts of tourism through various regional-focused empirical studies and contemporary discussions. While highlighting topics including destination authenticity, consumer behavior, online travel businesses, and tourism promotion, this book is ideally designed for managers, travel agents, tourism professionals, executives, marketing agencies, academicians, researchers, and graduate-level students seeking current research on the applications of branding strategies in the tourism sector.

This book contains the description of machines and systems as investments goods in production. These machines have a technological and economical life cycle over the time used. By explaining the paradigms of life cycle management, the book describes how the life cycle of such investment goods can be designed, operated and optimized to deliver maximum benefit in industrial environment. Additional examples from industry including case studies and calculations demonstrate practical applications and deliver benefit not only for academic or educational purpose but also for industrial practitioners.

This book is the eighth volume in a series entitled "Contemporary Logistics in China," authored by researchers from the Logistics Research Center at Nankai University. In the spirit of the seven preceding annual volumes, this book carries on the ideal of providing a systematic exposition on the logistics development in China for the English-speaking community at large. Specially, this volume captures China's logistics development at a crucial turning point. This present report consists of ten chapters, organized into three sections. The introductory section, consisting of three chapters, depicts the current development status of the logistics market, the logistics facilities and technology, and the regional logistics market. The second section addresses the logistics characteristics of four rapidly expanding industries in China-the third-party logistics, the highway logistics, the express logistics, and the multimodal transport. The final section, consisting of three chapters, discusses some hot logistics topics in China. Chapter 8 studies the capital operation in China's logistics industry. The next chapter deals with the development of intelligent logistics in China. The last chapter of this section presents the development of regional logistics along the Belt and Road routes. As with the previous volumes, the ultimate aim of this book is to present a timely portrait of the rapid growth of China's logistics market and the status quo of its logistics industry. In so doing, the book offers an in-depth analysis of critical issues involved in the ongoing dynamic and multi-faceted development, and provides a valuable reference resource for interested readers in the academic and professional fields.

This Palgrave Pivot presents tournament design mainly within the axioms of incentive compatibility and fairness. It illustrates the advantages of an axiomatic approach through various examples, including several FIFA and UEFA tournaments, and uses theoretical tools and simulation methodology in its analysis. Chapter 1 discusses scoring systems of championships with multiple competitions, ranking in Swiss-system tournaments, and tie-breaking rules in round-robin leagues. It is followed by a thorough critical analysis of the current and previous FIFA World Rankings. The broad focus is substantially narrowed in Chapter 2, which turns to the topic of incentive (in)compatibility in multiple qualifiers. It is revealed that UEFA has faced at least three times recently this problem in the qualification to the UEFA Europa League, qualification to the UEFA Champions League, and the draw of the UEFA Champions League groups. Analogously, Chapter 3 discusses incentive (in)compatibility when there is only one group-based tournament but the complex progression rules to the subsequent stage can be designed poorly. Our examples include the qualifying tournaments of recent FIFA World Cups and UEFA European Championships. Chapter 4 moves to the problem of penalty shootout rules in soccer, where the fairness and complexity of some alternative mechanisms from the literature are evaluated. Fairness remains the central issue in Chapter 5, which presents the challenges of designing a tournament with 24 teams if the number of teams per group cannot exceed four. As expected, there is no perfect solution, and both FIFA and UEFA have introduced a reform in this format recently. Chapter 6 deals with the qualification for the 2020 UEFA European Football Championship. Its tournament design is perhaps the most complicated one that has ever been implemented in the real-world and suffers from serious shortcomings.

Psychological and ecological research has eroded the foundation of mainstream economics, and a new approach is needed rather than an adaptation of existing theory. The most promising new approach is doughnut economics (DE), version 2.0 of the discipline of economics for the 21st century that presents economics as an embedded discipline between the social foundation and the ecosystem with a focus on the disciplinary boundaries. The study of neuroeconomics, such as doughnut economics, still holds a gap between ""laboratory"" findings on homo neuroeconomics and the issues in contemporary behavioral economics. To understand a positivist application of doughnut economics within the new economic frameworks of the 21st century, further research must be discussed. Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics follows the economic history from the Stone Age to that of the modern creative man and then provides a specific focus on doughnut economics and 21st century neuroeconomics. This new type of behavioral economics will be linked to neuroeconomic psychology and behavioral science with a focus in areas such as cognitive training, economic ecology, the new welfare economy, and globalized markets. This book is ideal for health economists, economists, leaders in politics and business, psychologists, economic theorists, practitioners, researchers, academicians, and students interested in doughnut economics and the psychology behind it.

This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.

'Daly's contributions to the still emergent field of ecological economics are constant references for our peers throughout the developing world as well as in the North. His courageous tilting at the windmills of mainstream economic nonsense inspire us to continue questioning: in whose interests do we continue on a perpetual search for unlimited material satisfaction? Daly's conception is not only of a world restricted by biophysical limits, but also one in which poverty and deprivation are commonplace, and where Sisyphean efforts to maintain accelerated economic growth only exacerbate inequitable distribution. His vision of sustainable economic welfare shed light on other aspects of our existence which make it worth living. Thanks to Farley, Rees, El Serafy, Goodland and other fellow travelers, we are bestowed with an excellent collection synthesizing Daly's contributions to our work, which will inspire our youth and their children long after we too depart.' - Peter H. May, President, Brazilian Society for Ecological Economics (ECOECO) 'Contributed by several eminent thinkers, the chapters in this book herald the paradigm shift that is needed to save the scientific framework of economics. In spite of the conceptual inconsistencies, GDP continues to be accepted by the nation states as the singular parameter to comprehensively describe the health of their economy. What gets easily hidden behind 'Market Failures ' is actually the success of cost-shifting on the heads of the ignorant and marginalized people as 'price for economic growth'. The chapters eloquently establish the need for moving beyond the religious faith on a paradigm that is facing fundamental conceptual challenges but has not addressed them with due seriousness. What is a greater contribution of this collection is the identification of the gaps in knowledge of economics that need to be filled-up to arrive at some basic articulations of the new paradigm that can throw some light on what is ecologically and socially 'Sustainable Development'.' - Jayanta Bandyopadhyay, Past President, The Indian Society for Ecological Economics 'The title Beyond Uneconomic Growth captures both the core of Herman Daly's key message and the linguistic mastery that makes his texts so enjoyable to read. The book forms a great tribute to the work of Herman Daly by gathering a distinguished set of contributors, covering a a wide variety of the topics that Daly has dealt with, and pointing in new directions.' - Inge Ropke, Aalborg University, Denmark This engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world's ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become ''uneconomic'' and adds to a ravaging of both social and ecological cohesion. Guided by a clear moral vision that prioritizes sustainability and justice over profit, the authors provide a blueprint for an economy that replaces quantitative growth with qualitative improvement to enhance human welfare while restoring degraded ecosystems. They present solutions for many of today's challenges, ranging from global climate change and biodiversity loss to natural resource depletion. This interdisciplinary work not only relates ecological economics theory to the most urgent predicaments of the contemporary world, but also pays tribute to the work of Herman Daly, a leading pioneer of modern ecological economics. Researchers and faculty studying and teaching ecological economics and environmental studies will find value in this unprecedented book. It will also be of interest to practitioners working to solve a variety of global environmental issues.

This textbook utilizes the ideas and concepts that made the international edition a valued companion to economics students and lecturers the world over, but tailors its language and illustrations to better suit its Arab readers. Regional case studies, photographs and examples bring the principles and concepts of economics to life for Arab learners, who are encouraged to apply the information and data contained in Economics to their own environment and experiences.

Handbook of Media Economics provides valuable information on a unique field that has its own theories, evidence, and policies. Understanding the media is important for society, and while new technologies are altering the media, they are also affecting our understanding of their economics. The book spans the large scope of media economics, simultaneously offering in-depth analysis of particular topics, including the economics of why media are important, how media work (including financing sources, institutional settings, and regulation), what determines media content (including media bias), and the effects of new technologies. The book provides a powerful introduction for those interested in starting research in media economics.

This book examines the unexpected convergence between the higher education systems of India and France. This has resulted due to links between higher education investment and economic growth in the light of the knowledge triangle and the Lisbon strategy, which has recently been replaced by the Horizon 2020 scheme. The current state of Indo-French cooperation is highlighted and discussed in detail, with chapter 4 co-authored by prominent Indian scholar Geeta Nair, and it is suggested that the prospective Indo-French knowledge management system will provide a competitive advantage in the contemporary knowledge economy.

This edited volume explores the nature, scope, and consequences of the marketisation of higher education. Chapters identify different practices which reflect the marketisation of higher education, and offer various perspectives on the policies and procedures which stimulate and regulate it. The volume takes a holistic approach, following the notion that the marketisation of higher education both drives and is driven by the universities which form the higher education market.