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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
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Robert G Chambers, John Quiggin
This book demonstrates that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems of consumer choice, the theory of the firm, and principal agent relationships. The authors demonstrate that dual methods apply under uncertainty and that the dual representations can be ...
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Econometrics, Volume 3: Economic Growth in the Information Age
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Dale Weldeau Jorgenson
The relentless decline in the prices of information technology (IT) has steadily enhanced the role of IT investment as a source of economic growth in the United States. Productivity growth in IT-producing industries has gradually risen in importance, and a productivity revival has taken place in the rest of the economy. In this book Dale Jorgenson ...
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Production of Culture/Cultures of Production
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Dr. Paul Du Gay (Editor)
This innovative text offers a novel understanding of relations between the economic and the cultural. The book shows how cultural products are produced, marketed and sold in an increasingly global economy. Chapters examine the emergence of truly global cultural products and the strategies of global cultural players such as Sony. Throughout, the ...
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The Structure of Production Structure of Production
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Mark Skousen
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Theory of Production: A Long-Period Analysis
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Heinz D Kurz, Neri Salvadori
This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are ...
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An Introduction to Efficiency and Productivity Analysis
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Timothy J Coelli, D S Prasada Rao, Christopher J O'Donnell
The second edition of "An Introduction to Efficiency and Productivity Analysis" is designed to be a general introduction for those who wish to study efficiency and productivity analysis. The book provides an accessible, well-written introduction to the four principal methods involved: econometric estimation of average response models; index ...
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Econometrics, Volume 2: Econometrics and the Cost of Capital
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Dale Weldeau Jorgenson, Professor Lawrence J Lau (Editor)
This volume provides a comprehensive view of applications of the cost of capital. The cost of capital is the key concept in the analysis of taxation of business income. It is also critical to the formulation of a new system of national accounts, where it plays the role of the price of capital services. Empirical measurements of productivity and ...
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Markets from Networks: Socioeconomic Models of Production
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Harrison C White
In "Markets from Networks", one of America's most influential sociologists unveils a groundbreaking theory of the market economy. Arguing that most economists use overly abstract models of how the economy operates, Harrison White seeks a richer, more empirically based alternative. In doing so, he offers a more lucid, generalized treatment of the ...
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Aggregation, Efficiency, and Measurement
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Rolf Fare (Editor), Shawna Grosskopf (Editor), Daniel Primont (Editor)
"Essays in Efficiency and Optimality" is devoted to topics in efficiency and optimality in Economics, including measurement of technical efficiency, directional distance functions, general equilibrium with externalities, optimality and overlapping generation models, and sources of productivity growth in US manufacturing.
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Prices, Reproduction, Scarcity
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by
Ch Bidard
In this definitive and exhaustive study, Christian Bidard develops a theory of prices of production. This theory, of classical inspiration, breaks down the symmetry between producers and consumers and gives more importance to reproduction rather than scarcity. In his analysis of multiple-product systems, Bidard focuses on the notion of an all ...
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Institutions, Production, and Working Life
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Geoffrey Wood (Editor), Philip James (Editor)
What is the link between working life and the nature of production on the one hand, and the changing organization of the firms and institutions in which work and production take place? In this book, leading socio-economic theorists analyse how these have changed over the last two decades. They look at changing employment practices and systems of ...
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Mr. Sraffa on Joint Production and Other Essays
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Bertram Schefold
An attempt to provide a formal analysis of joint production, the text of which was originally the author's PhD thesis. The work is designed to lead from the most abstract and general concepts of the theory of value to applications in the areas of the measurement of capital and growth, of international trade, and of natural resources.
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Producing Places
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Professor Raymond Hudson
This book synthesizes a vast body of theory and research on production in capitalist societies. Ray Hudson considers both the specific sites in which production occurs, such as factory, office, and home, and the production of places in which we live as socialized human beings. Building on and refining contemporary Marxist analysis. Hudson also ...
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Stochastic Frontier Analysis
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Subal C Kumbhakar, C a Knox Lovell
Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, ...
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In Defense of Monopoly: How Market Power Fosters Creative Production
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Richard B McKenzie, Dwight R Lee
This book presents a provocative defense of market dominance. "In Defense of Monopoly" offers an unconventional but empirically-grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and show why some degree of monopoly presence is ...
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Knowledge Capital and the New Economy'
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Pontus Braunerhjelm
According to its proponents, the "new economy" is associated with sustainable growth, increased demand for labour and zero inflation. On the micro-level, this avenue into the future is propelled by knowledge capital, flexibility and new ways of organizing production, such as clusters and networks. Progress in information technology, together with ...
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Wendell Berry and the Cultivation of Life: A Reader's Guide
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Matthew J Bonzo, Michael R Stevens
Wendell Berry's poetry, fiction, and essays persistently ask the question: How can we live meaningful lives in a consumer driven, fragmented age? His honest search for health in the midst of disease has garnered attention and discussion in both conservative and progressive circles. "Wendell Berry and the Cultivation of Life" thoroughly examines ...
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Out of Equilibrium
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Mario Amendola, Jean-Luc Gaffard
Standard equilibrium economic models focus on interdependencies. In Out of Equilibrium, Amendola and Gaffard develop a theory also dealing with interdependencies, but based on disequilibria, which take the form of feedback mechanisms over time. The way in which these disequilibria interact sequentially determines the evolution path of an economy. ...
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Fragmentation: New Production Patterns in the World Economy
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Sven W Arndt (Editor), Henryk Kierzkowski (Editor), Dven W Arndt
"Fragmentation" is a term used in this volume to describe cross-border component specialization and production-sharing. Examination of recent trade data suggests that offshore sourcing of parts and components, as well as offshore assembly, are assuming an increasing role in the world economy. The theoretical implications of this type of ...
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Applications of Modern Production Theory: Efficiency and Productivity
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Ali Dogramaci (Editor), Rolf Fare (Editor), Rolf FC$Re (Editor)
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Applied Production Analysis: A Dual Approach
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Robert G Chambers
This book contains a modern treatment of production economics from a dual perspective, with special emphasis on recent developments. Results that were scattered throughout professional journals and monographs are now gathered into an integrated approach using a common notation. The book prepares the reader to apply the tools of the dual approach ...
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The Measurements of Efficiency of Production
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Rolf FC$Re, C a Knox Lovell, Rolf Fdre
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Structural Economic Dynamics
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Luigi L Pasinetti
This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in ...
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Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research
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Subhash C Ray
Using the neo-classical theory of production economics as the analytical framework, this book provides a unified and easily comprehensible, yet fairly rigorous, exposition of the core literature on data envelopment analysis (DEA) for readers based in different disciplines. The various DEA models are developed as nonparametric alternatives to the ...
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Production and Economic Dynami
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Michael A Landesmann, Roberto Scazzieri (Editor)
This volume is inspired by developments in two strands of economic theorising. Firstly, research on structural economic dynamics based on three sources: Hicks' work on traverse analysis, Pasinetti on disproportional growth and Goodwin on dynamic decomposition and economic fluctuations. The second strand goes back to Georgescu-Roegen's interest in ...
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