Dimensions of Economic Theory and Policy

Titolo Dimensions of Economic Theory and Policy
Autore Dastidar
Mukhopadhyay
Sinha
Editore Oxford University Press
ISBN 9780198073970
Soggetto Economia
Disciplina Economia
Anno di pubblicazione 2011
Abstract Economics and Finance, Microeconomics
Sommario http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780198073970.001.0001/acprof-9780198073970
Collezione Oxford Scholarship Online (OSO)
Homepage editore http://www.oxfordscholarship.com.ezp.biblio.unitn.it/
Abstract editore Anjan Mukherji, arguably one of India's most distinguished economists, is known for his research on the stability of the Walrasian tatonnement, its relation to the weak axiom of revealed preference, the effect of choice of the numeraire and its relation to the Edgeworth-Uzawa barter process. Two of his recent papers, ‘Global Stability Conditions on the Plane: A General Law of Demand’ (2007) and ‘The Stability of a Competitive Economy: A Reconsideration’ (2008), have yielded especially interesting results. This book explores various aspects of economic theory and quantitative techniques as well as their applications and relevance to policymaking. Chapters deal with a wide range of topics such as Markovian equilibria in a dynamic general equilibrium model with heterogeneous consumers, monotone Markov models, multiple equilibria in a dynamic two-country model, observability of chaotic economic dynamics in the Matsuyama model, a simple exposition of learning by doing in endogenous growth theory, economic growth and the quality of teachers in a public education system, wealth effects, investment-led growth cycles, distraction and incentives, liquidity preference and information, coordination in teams, decomposition of accident loss and efficiency of negligence rule, international cartels and spheres of influence, price competition in a mixed duopoly, recommended play versus costly punishments in a laboratory public goods game, and India's monetary policy accommodation during the global crisis. It also examines private investment in human capital and industrial development, focusing on the Indian software industry, and arranged marriage, co-residence and female schooling in India
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