A supplemental book of problems and exercises keyed to the text. Workouts is a straightforward, proven solution for instructors who want to help students apply the tools of the course and for students who want extra practice developing these skills.

This book explores a new theory of the firm produced through an exchange between management theory and economics. In the process economics is seen to provide a foundational element for strategy research whilst developing a more realistic theory of the firm with a greater emphasis on its internal features. The success of competence theories of the firm also reflects their ability to explain significant trends in the business world, notably the declining importance of conglomerates and critical features in the success of Asian and Japanese business.

This is the first book to address the design needs of older people in the outdoor environment. It provides information on design principles essential to built environment professionals who want to provide for all users of urban space and who wish to achieve sustainability in their designs. Part one examines the changing experiences of people in the outdoor environment as they age and discusses existing outdoor environments and the aspects and features that help or hinder older people from using and enjoying them. Part two presents the six design principles for 'streets for life' and their many individual components. Using photographs and line drawings, a range of design features are presented at all scales of the outdoor environment from street layouts and building form to signs and detail. Part three expands on the concept of 'streets for life' as the ultimate goal of inclusive urban design. These are outdoor environments that people are able to confidently understand, navigate and use, regardless of age or circumstance, and represent truly sustainable inclusive communities.

The relationship between fertility and the participation rate of women in the workforce is an increasingly important area of study for economists, demographers and policy-makers. Recent data show important differences in the relationship between employment rates of women and fertility across Europe. For example, in southern Europe, low fertility rates are combined with low rates of female participation. In contrast, Nordic countries are experiencing relatively high fertility rates combined with high female labour market participation. Social Policies, Labour Markets and Motherhood analyses the effects of policies aimed to reconcile motherhood and labour market participation. Making extensive use of European Community Household Panel data, it compares the outcomes of policies in several European countries, analysing why they succeed in some environments but not in others. It will be of interest to researchers, policy-makers and graduate students working on labour markets, population economics, demography and the methodology of applied microeconomics.

This authoritative two-volume collection presents a selection of seminal articles investigating the spatial aspect of economic processes and development. Special attention is given to the economics of agglomeration and examining the fundamental issue of the formation and concentration of economic activity in geographical space. These volumes comprise the most important articles published during the last 50 years on the economic modelling of endogenous mechanisms leading to agglomeration. Spatial Economics will be essential reading for students and researchers alike, containing 35 articles, dating from 1949 to 2002.

Game theory has implications for all the social sciences and beyond. It now provides the theoretical basis for almost all teaching in economics, and 2x2 games provide the very basis of game theory. Here, Goforth and Robinson here have delivered a well-written and knowledgeable, 'periodic table' of the most common games including:

* the prisoner's dilemma
* coordination games
* chicken
* the battle of the sexes.

This book will provide a valuable reference for students of microeconomics and business mathematics.

Game theory explores situations in which agents interact strategically and provides a useful foundation for studying many traditional industrial organization topics. This approach has also enabled the emergence of new areas of enquiry including law and economics, networks, the digital economy, auctions, experimental game theory and many others. This second volume of the Handbook includes original contributions by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical and industrial organization topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization, and empirical models of research and development. Authoritative and engaging, this unique Handbook will be an indispensable resource for all serious academics, researchers and students of industrial economics and game theory. Contributors incude: S. Anderson, A. Barge-Gil, P. Belleflamme, J. Brandts, R. Burguet, L. Corchon, A. Daughety, N. Fabra, R. Fauli-Oller, J.-J. Ganuza, M.l. Gonzalez Maestre, A. Hernando-Veciana, M. Hoffmann, E. Huergo, M. Kopel, L. Lambertini, A. Lopez, M. Marini, C. Marvao, E. Maskin, J.G. Montalvo, L. Moreno, M. Motta, P. Olivella, M. Peitz, M. Pezzino, M. Polo, J. Potters, J. Reinganum, R. Renault, G. Rota Preziosi, J. Sandonis, M. Serena, G. Spagnolo

This textbook provides a one-semester introduction to mathematical economics for first year graduate and senior undergraduate students. Intended to fill the gap between typical liberal arts curriculum and the rigorous mathematical modeling of graduate study in economics, this text provides a concise introduction to the mathematics needed for core microeconomics, macroeconomics, and econometrics courses. Chapters 1 through 5 builds students' skills in formal proof, axiomatic treatment of linear algebra, and elementary vector differentiation. Chapters 6 and 7 present the basic tools needed for microeconomic analysis. Chapter 8 provides a quick introduction to (or review of) probability theory. Chapter 9 introduces dynamic modeling, applicable in advanced macroeconomics courses. The materials assume prerequisites in undergraduate calculus and linear algebra. Each chapter includes in-text exercises and a solutions manual, making this text ideal for self-study.

Based on case-study research in four low income sub-Saharan African countries (Uganda, Kenya, Tanzania and Malawi) this book brings together the micro-level realities of gaining a living in rural areas with the macro-level that seek to secure rapid poverty reduction in line with the United Nations Millennium Development Goal of halving global poverty by the year 2015.
The starting point is the livelihoods approach to poverty reduction that providesa powerful framework within which micro-level experiences of poverty and vulnerability can be connected to the policy contexts that either block or facilitate people's own efforts to escape from poverty. Initial chapters provide evidence concerning the multiple and diverse character of rural livelihoods. The book then goues on to examine the institutional context of livelihoods, including decentralisation, taxation, markets, land tenure and agricultural research. The natural resource dimensions of agriculture, livestock, fisheries, small-scale irrigation and community-based natural resource management policies are then analysed. The concluding chapters consider micro-macro linkages, including linking micro-level poverty traps to Poverty Reduction Strategy Papers; incorporating rural poverty measurement in such strategies; and tracing macro-micro links.
This book exposes the gap that occurs between the rhetoric of poverty reduction strategies in capital cities and the practice of public sector delivery in rural areas. It will be essential reading for advanced students and researchers in the fields of rural development, rural livelihoods, poverty reduction strategies and Sub-Saharan Africa development as well as advisors andpractitioners in international organizations.

This book examines transaction cost economics, the influential theoretical perspective on organizations and industry that was the subject of Oliver Williamson's seminal book, Markets and Hierarchies (1975). Written by leading economists, sociologists, and political scientists, the essays collected here reflect the fruitful intellectual exchange that is occurring across the major social science disciplines. They examine transaction cost economics' general conceptual orientation, its specific theoretical propositions, its applications to policy, and its use in systematic empirical research. The chapters include classic texts, broad review essays, reflective commentaries, and several new contributions to a wide range of topics, including organizations, regulations and law, institutions, strategic management, game theory, entrepreneurship, innovation, finance, and technical information.

Huang examines a recurring pattern of rapid economic growth in East Asia from 1951 to the present and explores how far a single East Asian Growth model can be said to exist. Assessing the various theories put forward to explain the phenomenon and supported by the most comprehensive data, the book finds that methods of institutional enhancement were at the core of the growth. This institutional enhancement affected state structure and functions, economic policy, corporate arrangements, social structure and relations, individual behaviour, and domestic and international interaction. Each of these elements was a critical aspect of the growth system that defined and propelled the rapid growth.

The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The book provides innovative models of economic equilibrium that endogenously determine the structure and function of economic institutions. The book proposes an 'intermediation hypothesis' - the establishment of firms depends on the effects of transaction costs and on the extent of the market.

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States. For one-semester courses in the principles of microeconomics. An introduction to the functioning of the economy and the power and breadth of economics Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Microeconomics, 13th Edition, Global Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way. MyLab Economics is not included. Students, if MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. Reach every student by pairing this text with MyLab Economics MyLab (TM) is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

First published in 1999, this study recognises the importance of international labour mobility for modern economics. This is in large part due to its effects on the size, age structure and skills of the labour force, the human flow between countries and the expected rise in scale as a result of income differentials, demographic pressures and differential labour-force growth rates along with developments in transport and communications. These migrations are increasingly volatile and unpredictable, whilst being concentrated in regions like Australia, the USA, Sub-Saharan Africa and Western Europe. Given the extensive literature on the microeconomic view, George M. Agiomirgianakis aims to extend the debate on open economy macroeconomics through an exploration of international labour mobilities and their effects on open economies with flexible exchange rates.

Trading across borders, export intermediaries are specialized service firms that connect domestic manufacturers with overseas buyers. How do they do it? What determines their success or failure? Have they really lowered transaction costs for their clients, minimized agency costs, and possessed competitive resources and capabilities in world trade? Surprisingly, no study until now has answered these questions or has explored the underlying issues as thoroughly as Peng does here.

Peng develops an integrated model of export intermediary performance. He focuses on the nature of export transactions and manufacturer-intermediary relationships which may lead to agency problems, and underlines the importance of valuable, unique, and hard-to-imitate resources and capabilities for intermediaries' competitive advantages. Peng employs a distinct analytical approach that highlights three underlying themes--transactions, agents, and resources--then tests his model with six critical case studies and a 1,000-firm mail survey. Operators of export intermediaries seeking ways to improve their performance, aspiring entrepreneurs studying the export business for niche opportunities, manufacturing executives seeking top quality service from export intermediaries, and government officials in charge of export promotion and pertinent legislation--all will find Peng's book a useful examination of issues critical to their work.

This collection of essays examines the development of the American South from the end of the Civil War to the end of World War II. Written by both well-known and emerging scholars, the essays are divided into sections that address some of the major issues of that era, such as race relations, economic development, political reform, the roles of southern women, the messages of folk music, and the problems of the region's historians. Each article offers fresh insights or new information on its subject, and collectively the articles help to illuminate how the most traditional of American regions tried to cope with the forces of modernization.

This book tells the story of what might have been considered an unlikely source of dynamic change in Russia - formerly state-owned manufacturing enterprises and their managers. Based on interviews conducted over a six-year span with managers at 47 manufacturing, light industry, consumer durable, and food processing firms in four Russian cities, the study documents the real world challenge of turning hidebound, often dysfunctional manufacturing operations into thriving companies. With analytical rigor and theoretical creativity, this work will dispel some common misconceptions about the Russian economy and make a contribution to the literature about management, company strategies, and corporate governance.

Local industrial clusters, such as Silicon Valley in the United States, have become an important subject of scholarly inquiry in recent years. This book offers a unifying view by capturing the general characteristics and prerequisites of local industrial clusters both on a theoretical as well as an empirical level. The book establishes a mathematical model to analyse the dynamics of clustering and the conditions that are to be satisfied if a local industrial cluster is to evolve. This model allows predictions about the spatial distribution of firms to be deducted, which are empirically tested in the book. This thorough methodology allows the author to postulate upon whether the number of local clusters that emerge in an industry is random, or whether it is predetermined. An impressive scholarly exercise, this book also contains important policy lessons. As such, Local Industrial Clusters will be a valuable read for policy-makers as well as academics.

Marginal Cost in the New Economy outlines a bold new approach for resolving a wide variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currently employed to measure the costs and benefits of disputed policy issues. The book's objective is to substitute a single set of harmonious principles for the inconsistent, erratic, and often self-serving approaches to cost-benefit determination currently applied to numerous public issues. The author explains how this methodology would provide an effective starting point for evaluating issues ranging from the relatively simple, such as school vouchers, to the more complex, including prescription drug prices and anti-trust questions. The book also includes a review of the economic requirements of the New Economy as contrasted with traditional microeconomics.

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

Marginal Cost in the New Economy outlines a bold new approach for resolving a wide variety of public policy debates. It proposes that a single standard -- marginal cost methodology -- be adopted to replace the haphazard arrays of methods and techniques currently employed to measure the costs and benefits of disputed policy issues. The book's objective is to substitute a single set of harmonious principles for the inconsistent, erratic, and often self-serving approaches to cost-benefit determination currently applied to numerous public issues. The author explains how this methodology would provide an effective starting point for evaluating issues ranging from the relatively simple, such as school vouchers, to the more complex, including prescription drug prices and anti-trust questions. The book also includes a review of the economic requirements of the New Economy as contrasted with traditional microeconomics, which makes it equally useful for courses in microeconomics, public policy, or price theory.

As the twenty-first century begins, significant changes are occurring in the way that services and goods are produced and consumed. One of the key drivers of this change is information and communications technology (ICT). It has transformed the role of space and time in patterns of economic development, in the rise of globalisation and in the scale and structure of organisations. ICT has therefore accelerated the process of continual change and evolution that is the hallmark of both the capitalist economy and of organisations.
A student-friendly account is given of the diversity of theoretical perspectives for understanding the evolving economic geography of advanced capitalist economies. A series of detailed firm and employees' case-studies from Europe, North America and the Asia Pacific, are used to inform the theoretical case-studies. These also highlight and examine the significance of the increased blurring of the distinction between services and manufacturing functions in the production and consumption process.

There has been a recent resurgence of interest in the work of Vilfredo Pareto, one of the founders of modern economics. This book reconstructs the genesis and significance of Pareto's theory of choice which is Pareto's greatest contribution to economic science and which was used by John Hicks, amongst others, to develop microeconomics. Hicks, Allen, Samuelson and others acknowledged Pareto as the father of the new ordinalist microeconomics but at the same time, portrayed him as confused and contradictory, caught between the old and new paradigms. Luigino Bruni argues that Pareto's revolution in choice theory is better understood in the context of his own philosophical framework. This framework is revealed by reconstructing his dialogues with economists (Pantaleoni) and philosophers (Vailati and Croce), and by exploring Pareto's economic theory in the light of his philosophy of science. In addition, Luigino Bruni argues that Pareto's contribution was different and more complex than Hicks's ordinalism and Samuelson's operationalism. From this analysis emerges an image of Pareto as a man whose ideas and work was only partially fulfilled. This original and sometimes unconventional book will be of great interest to economists, historians of economic thought and philosophers of the social sciences.

As the twenty-first century begins, significant changes are occurring in the way that services and goods are produced and consumed. One of the key drivers of this change is information and communications technology (ICT). It has transformed the role of space and time in patterns of economic development, in the rise of globalisation and in the scale and structure of organisations. ICT has therefore accelerated the process of continual change and evolution that is the hallmark of both the capitalist economy and of organisations.
A student-friendly account is given of the diversity of theoretical perspectives for understanding the evolving economic geography of advanced capitalist economies. A series of detailed firm and employees' case-studies from Europe, North America and the Asia Pacific, are used to inform the theoretical case-studies. These also highlight and examine the significance of the increased blurring of the distinction between services and manufacturing functions in the production and consumption process.