|
Showing 1 - 6 of
6 matches in All Departments
Few issues in high technology are as divisive as the current debate
over competition, innovation, and antitrust. Analyzing famous
examples of economic "lock-in" by dominant corporations of
supposedly inferior products, this book makes the case that free
markets in high technology industry deliver better products to
consumers, at lower prices, without government intervention. This
publication's careful scholarship, well-founded hypotheses, and
refutations of previously accepted theories--extending far beyond
the Microsoft case--make this publication a vital piece of
understanding for the future of technology and economics.
There has been explosive progress in the economic theory of
uncertainty and information in the past few decades. This subject
is now taught not only in departments of economics but also in
professional schools and programs oriented toward business,
government and administration, and public policy. This book
attempts to unify the subject matter in a simple, accessible
manner. Part I of the book focuses on the economics of uncertainty;
Part II examines the economics of information. This revised and
updated second edition places a greater focus on game theory. New
topics include posted-price markets, mechanism design, common-value
auctions, and the one-shot deviation principle for repeated games.
The central tradition of mainline economics deals with only one way of making a living: namely, producing useful goods and services. But there is another way of getting ahead-- through conflict or the "dark side"--that is by appropriating what others have produced. Logically parallel or military aggression and resistance, the dark side includes nonmilitary activities such as litigation, strikes and lockouts, takeover contests, and bureaucratic back-biting struggles. This volume brings the analysis of conflict into the mainstream of economics. Part I explores the causes, conduct, and consequences of conflict as an economic activity. Part II delves more deeply into the evolutionary sources of our capacities, physical and mental, for both conflict and cooperation.
There has been explosive progress in the economic theory of
uncertainty and information in the past few decades. This subject
is now taught not only in departments of economics but also in
professional schools and programs oriented toward business,
government and administration, and public policy. This book
attempts to unify the subject matter in a simple, accessible
manner. Part I of the book focuses on the economics of uncertainty;
Part II examines the economics of information. This revised and
updated second edition places a greater focus on game theory. New
topics include posted-price markets, mechanism design, common-value
auctions, and the one-shot deviation principle for repeated games.
This new seventh edition of the book offers extensive discussion of
information, uncertainty, and game theory. It contains over a
hundred examples illustrating the applicability of economic
analysis not only to mainline economic topics but also issues in
politics, history, biology, the family, and many other areas. These
discussions generally describe recent research published in
scholarly books and articles, giving students a good idea of the
scientific work done by professional economists. In addition, at
appropriate places the text provides 'applications' representing
more extended discussions of selected topics including rationing in
wartime (Chapter 5), import quotas (Chapter 7), alleged
monopolistic suppression of inventions (Chapter 9), minimum wage
laws (Chapter 11), the effects of Social Security upon saving
(Chapter 15), fair division of disrupted property (Chapter 16) and
whether individuals should pay ransom to a kidnapper (Chapter 17).
The central tradition of mainline economics deals with only one way of making a living: namely, producing useful goods and services. But there is another way of getting ahead-- through conflict or the "dark side"--that is by appropriating what others have produced. Logically parallel or military aggression and resistance, the dark side includes nonmilitary activities such as litigation, strikes and lockouts, takeover contests, and bureaucratic back-biting struggles. This volume brings the analysis of conflict into the mainstream of economics. Part I explores the causes, conduct, and consequences of conflict as an economic activity. Part II delves more deeply into the evolutionary sources of our capacities, physical and mental, for both conflict and cooperation.
|
|