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Elsevier

Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

  • Financial Regulation and Monetary Arrangements after 1992

    • 1st Edition
    • Volume 204
    • Michele Fratianni + 2 more
    • English
    Presented in this volume are analytical papers by leading academics on the consequences of regulatory reform in the 1992-process on financial markets and institutions, as well as on macro-economic adjustment and the scope of monetary and fiscal policy after 1992. Also included are policy-oriented papers by economists in academic and policy-making authorities which discuss potential policy conflicts within the EC and between the EC, EFTA, the US, Japan and Eastern Europe as a result of financial liberalization and monetary integration following 1992.The volume focuses on developments in financial markets as crucial for financial and industrial restructuring, as well as for prospects for a monetary union. Analytical papers form the basis for broader policy oriented discussion of potential policy conflicts among industrialized countries, as well as of prospects for currency reform in the Eastern block.

  • Emerging Market Bank Lending and Credit Risk Control

    Evolving Strategies to Mitigate Credit Risk, Optimize Lending Portfolios, and Check Delinquent Loans
    • 1st Edition
    • Leonard Onyiriuba
    • English
    Using a framework of volatile markets Emerging Market Bank Lending and Credit Risk Control covers the theoretical and practical foundations of contemporary credit risk with implications for bank management. Drawing a direct connection between risk and its effects on credit analysis and decisions, the book discusses how credit risk should be correctly anticipated and its impact mitigated within framework of sound credit culture and process in line with the Basel Accords. This is the only practical book that specifically guides bankers through the analysis and management of the peculiar credit risks of counterparties in emerging economies. Each chapter features a one-page overview that introduces its subject and its outcomes. Chapters include summaries, review questions, references, and endnotes.

  • Risk Neutral Pricing and Financial Mathematics

    A Primer
    • 1st Edition
    • Peter M. Knopf + 1 more
    • English
    Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and practitioner experience, Risk Neutral Pricing and Financial Mathematics takes a reader from learning the basics of beginning probability, with a refresher on differential calculus, all the way to Doob-Meyer, Ito, Girsanov, and SDEs. It can also serve as a useful resource for actuaries preparing for Exams FM and MFE (Society of Actuaries) and Exams 2 and 3F (Casualty Actuarial Society).

  • Practical Financial Modelling

    The Development and Audit of Cash Flow Models
    • 3rd Edition
    • Jonathan Swan
    • English
    Practical Financial Modelling, 3e is a book on model development and model assurance. It enhances the modelling process by emphasizing controls and checks for accuracy and reliability. New content on validation and verification, model use and sensitivity analysis is presented alongside a modelling methodology that underpins the various proprietary standards used in financial modelling today. It provides more details than other books and yet is general enough for applying its methodology to many applications. This book isn’t just about the details of building cash flow models, it’s about building better cash flow models.

  • The Strategies of China’s Firms

    Resolving Dilemmas
    • 1st Edition
    • Hailan Yang + 2 more
    • English
    This book aims to analyze how China’s firms in the consumer electronics (CE) sector have developed their business strategy and corporate governance during the reform process. This book examines the CE sector in particular because it is one of the country’s most important and dynamic manufacturing sectors and one of the earliest market-oriented sectors.

  • Tethered Money

    Managing Digital Currency Transactions
    • 1st Edition
    • Gideon Samid
    • English
    Tettered Money: Managing Digital Currency Transactions presents a comprehensive discussion of financial transactions using digital currencies, with the author, Gideon Samid, making the case for their expansion in tethered money. Exploring the technical, legal, and historical aspects of digital money, the author discusses how the emerging technology of money specified for a specific need or to perform a particular task will affect society. The ability to dictate, Samid argues, how money is spent could increase control over our lives and resources, enabling us to practice a certain efficiency that would, in due time, become a pillar of civilization. Informative and thought-provoking, the book describes an evolving future that, in some quarters, has already arrived.

  • China's Spatial (Dis)integration

    Political Economy of the Interethnic Unrest in Xinjiang
    • 1st Edition
    • Rongxing Guo
    • English
    This book is intended to provide the narratives and analytics of China’s spatial (dis)integration. Indeed, the Chinese nation is far too large and spatially complicated and diversified to be misinterpreted. The only feasible approach to analyzing it is, therefore, to divide it into smaller geographical elements through which one can have a better insight into the spatial mechanisms and regional characteristics.

  • Handbook of Regional and Urban Economics

    • 1st Edition
    • Volume 5A-5B
    • Gilles Duranton + 2 more
    • English
    Developments in methodologies, agglomeration, and a range of applied issues have characterized recent advances in regional and urban studies. Volume 5 concentrates on these developments while treating traditional subjects such as housing, the costs and benefits of cities, and policy issues beyond regional inequalities. Contributors make a habit of combining theory and empirics in each chapter, guiding research amid a trend in applied economics towards structural and quasi-experimental approaches. Clearly distinguished from the New Economic Geography covered by Volume 4, these articles feature an international approach that positions recent advances within the discipline of economics and society at large.

  • Principles of International Finance and Open Economy Macroeconomics

    Theories, Applications, and Policies
    • 1st Edition
    • Cristina Terra
    • English
    Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries. Unlike most macroeconomic textbooks, which typically emphasize issues about developed countries while downplaying issues related to developing countries, this book emphasizes problems in emerging economies, including those in Latin American countries. It also explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis.

  • Atlas d'anatomie humaine

    • 6th Edition
    • Frank H. Netter
    • French
    Depuis 25 ans, l'Atlas d'anatomie humaine Netter est l'atlas de référence internationale. Le succès de cet ouvrage réside dans la qualité et la beauté du travail du Dr Netter. D'une part, dans la très grande qualité iconographique, scientifique et pédagogique des quelque 900 illustrations et, d'autre part, dans le choix des coupes anatomiques qui rendent compte du point de vue du clinicien. De plus, le choix des couleurs, l'utilisation de la terminologie anatomique internationale, l'illustration par de nombreux clichés d'imagerie moderne (TDM et IRM) ainsi que des commentaires didactiques facilitent la compréhension et la mémorisation de l'anatomie humaine. L'ouvrage est divisé en huit sections, qui font chacune le tour complet d'une grande région anatomique. Cette 6e édition, entièrement révisée, s'enrichit d'une vingtaine de nouvelles planches d'anatomie et d'imagerie et plus de la moitié des planches ont été révisées (légendes, dessins). À la fin de chaque section, un tableau récapitulatif des muscles donne pour chacun d'eux : le détail de son attache proximale et distale, son innervation, ses principales actions, sa vascularisation artérielle ainsi que son appartenance aux groupes musculaires. Outre les compléments en ligne français – planches à légender, QCM avec réponses commentées ainsi que 100 cas cliniques QCM – cette nouvelle édition offre également l'accès à l'ensemble des compléments en ligne américains via le site Student Consult – tridimensionnels (3D), vidéos de dissections, planches de dissections commentées ainsi que 54 planches supplémentaires. L'Atlas d'anatomie humaine Netter est l'ouvrage de référence indispensable à tous les étudiants en médecine ; il les accompagnera durant toutes leurs études.

  • The Changing Distribution of Income in an Open U.S. Economy

    • 1st Edition
    • Volume 223
    • J.H. Bergstrand + 3 more
    • English
    There have been dramatic changes in the distribution of earnings and income in the United States during recent years. This volume presents original papers, contributed by eminent economists, on the measurement and causes of growing income inequality in the U.S. and other major industrialized countries. The first part examines the definition of income, decomposition of earnings into capacity and capacity utilization rates, and alternative methodologies for estimating income and earnings dispersion. The second part investigates theoretically or empirically alternative causes of income inequality: international trade, macroeconomic conditions and policies, technological progress, productivity growth, institutions, demographic labor supply, and sectoral labor demand. In the final part of the volume policy implications and recommendations are discussed.The volume will be valuable for academic departments (economics, political science, sociology); economic policy institutes and Federal Reserve Bank research departments; economists in government.

  • Gray's Fiches d'anatomie

    • 2nd Edition
    • Richard Drake + 3 more
    • French
    Cette nouvelle édition de près de 400 fiches en couleurs, dont nombre d'illustrations exceptionnelles sont issues de la 3e édition du Gray's Anatomie pour les étudiants, offre un moyen incomparable d'évaluer ses connaissances sur les structures anatomiques essentielles et leurs rapports réciproques. Classées par région, les fiches présentent l'anatomie et l'imagerie du dos, du thorax, de l'abdomen, du pelvis et du périnée, du membre supérieur, du membre inférieur, de la tête et du cou, ainsi que l'anatomie de surface et l'anatomie générale. • Le système de question-réponse favorise la stimulation et la mémorisation : le recto de chaque fiche offre une illustration anatomique détaillée comportant les structures à reconnaître ; le verso identifie ces structures en y apportant des précisions sur leurs fonctions, leurs corrélations cliniques, etc. Des schémas synoptiques détaillent l'innervation des organes et des régions du corps. Une nouvelle section entièrement dédiée à des exemples d'imagerie diagnostique (IRM et TDM) permet de visualiser leur aspect radiologique. En fin d'ouvrage, des fiches d'auto-évaluation permettent d'approfondir ses connaissances cliniques. Par leur approche clinique et la qualité de leurs illustrations, ces Fiches d'anatomie sont un outil indispensable de révision et d'entraînement pour réussir aux examens des études de santé et un atout majeur pour la préparation des questions d'anatomie des épreuves classantes nationales (ECNi).

  • Handbook of Regional and Urban Economics

    • 1st Edition
    • Volume 5B
    • Gilles Duranton + 2 more
    • English
    Developments in methodologies, agglomeration, and a range of applied issues have characterized recent advances in regional and urban studies. Volume 5 concentrates on these developments while treating traditional subjects such as housing, the costs and benefits of cities, and policy issues beyond regional inequalities. Contributors make a habit of combining theory and empirics in each chapter, guiding research amid a trend in applied economics towards structural and quasi-experimental approaches. Clearly distinguished from the New Economic Geography covered by Volume 4, these articles feature an international approach that positions recent advances within the discipline of economics and society at large.

  • Handbook of Regional and Urban Economics

    • 1st Edition
    • Volume 5A
    • Gilles Duranton + 2 more
    • English
    Developments in methodologies, agglomeration, and a range of applied issues have characterized recent advances in regional and urban studies. Volume 5 concentrates on these developments while treating traditional subjects such as housing, the costs and benefits of cities, and policy issues beyond regional inequalities. Contributors make a habit of combining theory and empirics in each chapter, guiding research amid a trend in applied economics towards structural and quasi-experimental approaches. Clearly distinguished from the New Economic Geography covered by Volume 4, these articles feature an international approach that positions recent advances within the discipline of economics and society at large.

  • Fracture Mechanics of Rock

    • 1st Edition
    • Barry Kean Atkinson
    • English
    The analysis of crack problems through fracture mechanics has been applied to the study of materials such as glass, metals and ceramics because relatively simple fracture criteria describe the failure of these materials. The increased attention paid to experimental rock fracture mechanics has led to major contributions to the solving of geophysical problems.The text presents a concise treatment of the physics and mathematics of a representative selection of problems from areas such as earthquake mechanics and prediction, hydraulic fracturing, hot dry rock geothermal energy, fault mechanics, and dynamic fragmentation.

  • Handbook of Digital Currency

    Bitcoin, Innovation, Financial Instruments, and Big Data
    • 1st Edition
    • English
    Incorporating currencies, payment methods, and protocols that computers use to talk to each other, digital currencies are poised to grow in use and importance. The Handbook of Digital Currency gives readers a way to learn about subjects outside their specialties and provides authoritative background and tools for those whose primary source of information is journal articles. Taking a cross-country perspective, its comprehensive view of the field includes history, technicality, IT, finance, economics, legal, tax and regulatory environment. For those who come from different backgrounds with different questions in mind, The Handbook of Digital Currency is an essential starting point.

  • Modeling and Analysis of Doubly Fed Induction Generator Wind Energy Systems

    • 1st Edition
    • Lingling Fan + 1 more
    • English
    Wind Energy Systems: Modeling, Analysis and Control with DFIG provides key information on machine/converter modelling strategies based on space vectors, complex vector, and further frequency-domain variables. It includes applications that focus on wind energy grid integration, with analysis and control explanations with examples. For those working in the field of wind energy integration examining the potential risk of stability is key, this edition looks at how wind energy is modelled, what kind of control systems are adopted, how it interacts with the grid, as well as suitable study approaches. Not only giving principles behind the dynamics of wind energy grid integration system, but also examining different strategies for analysis, such as frequency-domain-bas... and state-space-based approaches.

  • Mémofiches Anatomie Netter - Tronc
    • 4th Edition
    • John T. Hansen
    • French
    Ce carnet de 102 fiches constitue un outil de référence indispensable à la révision des examens d'anatomie et un mémento de l'essentiel des connaissances anatomiques de la région du Tronc. Chaque fiche est constituée de 2 pages en vis-à-vis : à gauche, une planche muette en couleur ; à droite, sa légende, accompagnée d'informations complémentaires. Son format de poche spiralé, conçu pour une consultation rapide et pratique, permet au lecteur, quel que soit son niveau de connaissances, une utilisation multiple : apprendre, réviser, s'entraîner et/ou s'auto-évaluer. Entièrement révisée, cette 4e édition propose quelques nouveaux schémas et systématise dans toutes les fiches, la rubrique Clinique qui renforce l'aspect pédagogique de l'ouvrage. L'application Mémofiches Anatomie Netter Tronc vous est offerte avec ce livre.

  • Nonlinear Dynamics of Financial Crises

    How to Predict Discontinuous Decisions
    • 1st Edition
    • Ionut Purica
    • English
    When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good.

  • Handbook of Income Distribution

    • 1st Edition
    • Volume 2A-2B
    • Anthony B. Atkinson + 1 more
    • English
    What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.

  • Handbook of Income Distribution. Vol 2B

    • 1st Edition
    • Volume 2B
    • Anthony B. Atkinson + 1 more
    • English
    What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.

  • Handbook of Income Distribution, Vol 2A

    • 1st Edition
    • Volume 2A
    • Anthony B. Atkinson + 1 more
    • English
    What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century?Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.

  • Handbook of the Economics of International Migration

    • 1st Edition
    • Volume 1A+1B
    • Barry Chiswick + 1 more
    • English
    The economic literature on international migration interests policymakers as well as academics throughout the social sciences. These volumes, the first of a new subseries in the Handbooks in Economics, describe and analyze scholarship created since the inception of serious attention began in the late 1970s. This literature appears in the general economics journals, in various field journals in economics (especially, but not exclusively, those covering labor market and human resource issues), in interdisciplinary immigration journals, and in papers by economists published in journals associated with history, sociology, political science, demography, and linguistics, among others.

  • China’s Venture Capital Market

    Current Legal Problems and Prospective Reforms
    • 1st Edition
    • Lin Zhang
    • English
    The venture capital market in China has been developing for over twenty years. Over this period, the legal frameworks surrounding China’s venture capital have evolved significantly. China’s Venture Capital Market addresses this important topic and argues for further improvements in legal frameworks for venture capital in China. The book consists of five chapters, each covering an aspect of venture capital in China. The first chapter profiles the venture capital market. The second, third and fourth chapters consider the legal problems and suggest reform measures for fundraising in, operation of and exit from Chinese venture capital. The book concludes by asking how long it will take for reform measures to take place in China.

  • Finance

    A Quantitative Introduction
    • 1st Edition
    • Piotr Staszkiewicz + 1 more
    • English
    Many students want an introduction to finance. Those who are quantitatively-orien... learners can benefit in particular from an introduction that puts more emphasis on mathematics and graphical presentations than on verbal descriptions. By illustrating core finance facts and concepts through equations and graphical material, Finance: A Quantitative Introduction can help people studying business management, marketing, accounting, and other subjects. By using few lengthy verbal explanations and many illustrations, it can teach readers quickly and efficiently.

  • Finance

    A Quantitative Introduction
    • 1st Edition
    • Piotr Staszkiewicz + 1 more
    • English
    Many students want an introduction to finance. Those who are quantitatively-orien... learners can benefit in particular from an introduction that puts more emphasis on mathematics and graphical presentations than on verbal descriptions. By illustrating core finance facts and concepts through equations and graphical material, Finance: A Quantitative Introduction can help people studying business management, marketing, accounting, and other subjects. By using few lengthy verbal explanations and many illustrations, it can teach readers quickly and efficiently.

  • Economic Shocks and Structural Adjustments: Turkey after 1973

    • 1st Edition
    • Volume 166
    • P.J. Conway
    • English
    Recent international economic events have demonstrated the vulnerability of individual countries to external disturbances, or `shocks'. Such disturbances necessitate major adjustments to developing countries' trade behaviour, and therefore also to their domestic economies.This volume is an integrated theoretical and econometric study of the impact of global economic changes on the developing Turkish economy during the period 1970-1983. Structural adjustment is defined and presented in the context of a small open economy reacting to external shocks. The interaction of government and private sector is incorporated explicitly in an intertemporal model through examination of dynamic game equilibria, and the implications of this interaction for the effectiveness of stabilization and liberalization policies are explored. This theoretical structure provides the structure for macroeconomic estimation. The estimated model then is employed for an econometric decomposition of Turkish historical economic experience into portions due to various external shocks and government policy changes.The theoretical section demonstrates the necessity of consideration of government/private interactions when measuring and evaluating structural adjustment policies. The econometric results confirm the importance of such analysis for Turkey, and provide evidence of the impact of various government policies on aggregate consumption, investment, inflation and current account deficits.This book will be of use to both international and development economists as a systematic and insightful examination of structural adjustment in Turkey, as well as a template for similar analyses for other open economies.

  • The New Institutional Economics and Development

    Theory and Applications to Tunisia
    • 1st Edition
    • Volume 183
    • M.K. Nabli + 1 more
    • English
    The New Institutional Economics (NIE) and its two main branches, namely, the theory of transaction cost and contractual choice on the one hand, and that of collective action on the other, broaden the analytical framework of mainstream economics. In doing so the NIE attempts to explain the institutional phenomena which, although almost universally recognised as important, have previously eluded the group of economists. This book is concerned with the NIE and its possible application to Development Economics. It has two specific objectives. The first is to show the relevance and assess the applicability of the principles and insights of the NIE to the analysis of the problems of the LDC's. The second is to provide another set of applications and empirical investigations of the NIE. By combining the relevant theoretical background with applications, the book is self-contained and presented in such a way as to be accessible to each of the following types of reader: (1) development economists and practitioners (2) readers interested in institutions and the NIE (3) regional specialists in North Africa and in countries such as Tunisia and (4) those interested in political economy.

  • Inequality, Democracy, and Growth in Brazil

    A Country at the Crossroads of Economic Development
    • 1st Edition
    • Marcos Mendes
    • English
    In terms accessible to non-economists, Marcos José Mendes describes the ways democracy and inequality produce low growth in the short and medium terms. In the longer term, he argues that Brazil has two paths in front of it. One is to create the conditions necessary to boost economic performance and drive the country toward a high level of development. The other is to fail in untying the political knot that blocks growth, leaving it a middle-income country. The source of his contrasting futures for Brazil is inequality, which he demonstrates is a relevant variable in any discussion of economic growth. Inequality illuminates causes of seemingly-unconnecte... problems. This book, which includes freely-accessible documents and datasets, is the first in-depth analysis of an issue that promises to become increasingly prominent.

  • Navigating the Business Loan

    Guidelines for Financiers, Small-Business Owners, and Entrepreneurs
    • 1st Edition
    • Morton Glantz
    • English
    The need for "back to basics" information about credit risk has not disappeared; in fact, it has grown among lenders and investors who have no easy ways to learn about their clients. This short and readable book guides readers through core risk/performance issues. Readers learn the ways and means of running more efficient businesses, review bank and investor requirements as they evaluate funding requests, gain knowledge selling themselves, confidence in business plans, and their ability to make good on loans. They can download powerful tools such as banker’s cash flow models and forecast equations programmable into a cell or tablet. Readers can punch keys to ascertain financial needs, calculate sales growth rates calling for external financing, profits required to internally finance their firms, and ways to position revenue growth rates in equilibrium with their firm’s capital structure – a rock-solid selling point among smart lenders and investors. The book’s "how-to," practical and systematical guide to credit and risk analysis draws upon case studies and online tools, such as videos, spreadsheets, and slides in providing a concise risk/return methodology.

  • Handbook of the Economics of International Migration

    The Immigrants
    • 1st Edition
    • Volume 1A
    • Barry Chiswick + 1 more
    • English
    The economic literature on international migration interests policymakers as well as academics throughout the social sciences. These volumes, the first of a new subseries in the Handbooks in Economics, describe and analyze scholarship created since the inception of serious attention began in the late 1970s. This literature appears in the general economics journals, in various field journals in economics (especially, but not exclusively, those covering labor market and human resource issues), in interdisciplinary immigration journals, and in papers by economists published in journals associated with history, sociology, political science, demography, and linguistics, among others.

  • Handbook of the Economics of International Migration

    The Impact
    • 1st Edition
    • Volume 1B
    • Barry Chiswick + 1 more
    • English
    The economic literature on international migration interests policymakers as well as academics throughout the social sciences. These volumes, the first of a new subseries in the Handbooks in Economics, describe and analyze scholarship created since the inception of serious attention began in the late 1970s. This literature appears in the general economics journals, in various field journals in economics (especially, but not exclusively, those covering labor market and human resource issues), in interdisciplinary immigration journals, and in papers by economists published in journals associated with history, sociology, political science, demography, and linguistics, among others.

  • Public Finance

    A Normative Theory
    • 3rd Edition
    • Richard W. Tresch
    • English
    Public Finance remains the premier textbook on the normative theory of government policy, with the third edition propelling into the twenty-first century its examination of what government ought to be doing instead of what it is doing. The welfare aspects of public economics receive extensively renewed examination in this third edition. With four new chapters and other significant revisions, it presents detailed and comprehensive coverage of theoretical literature, empirical work, environmental issues, social insurance, behavioral economics, and international tax issues. With increased emphasis on the European Union, it is rigid enough for use by PhDs while being accessible to students less well trained in math.

  • Innovation, Entrepreneurship, and the Economy in the US, China, and India

    Historical Perspectives and Future Trends
    • 1st Edition
    • Rajiv Shah + 2 more
    • English
    What drives innovation and entrepreneurship in India, China, and the United States? Our data-rich and evidence-based exploration of relationships among innovation, entrepreneurship, and economic growth yields theoretical models of economic growth in the context of macroeconomic factors. Because we know far too little about the key characteristics of Chinese and Indian entrepreneurs and the ways they innovate, our balanced, systematic comparison of entrepreneurship and innovation results in a new approach to looking at economic growth that can be used to model empirical data from other countries. The importance of innovation and entrepreneurship to any economy has been recognized since the pioneering work of Joseph Schumpeter. Our analysis of the major factors that affect innovation and entrepreneurship in these three parts of the world – US, China and India –provides a comprehensive view of their effects and their likely futures.

  • Intermediate Financial Theory

    • 3rd Edition
    • Jean-Pierre Danthine + 1 more
    • English
    Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory.

  • The Globalization of Chinese Business

    • 1st Edition
    • Robert Taylor
    • English
    The main theme of the book is the globalisation of China’s markets and Chinese business management in the context of ongoing reform at home and the country’s growing global economic role. The Globalisation of Chinese Business includes contributions relating to a wide range of manufacturing and service sectors, encompassing such areas as foreign investment, state and private enterprise, human resource management, consumer culture and advertising, financial markets and healthcare. Following an introduction by the editor there are four sections, the first focused on the globalisation of Chinese management and the second on the evolution of Chinese management. The remaining sections contain chapters on China’s growing service sector, growing markets and competition, and healthcare system reform. An epilogue by the editor in the remaining section concludes.

  • Collective Choice and Social Welfare

    • 1st Edition
    • Volume 11
    • A.K. Sen
    • English
    This book is concerned with the study of collective preference, in particular with the relationship between the objectives of social action and the preferences and aspirations of society's members. Professor Sen's approach is based on the assumption that the problem of collective choice cannot be satisfactorily discussed within the confines of economics. While collective choice forms a crucial aspect of economics, the subject pertains also to political science, the theory of the state, and to the theory of decision procedures. The author has therefore used material from these disciplines, plus philosophical aspects from ethics and the theory of justice.

  • Consumer Durable Choice and the Demand for Electricity

    • 1st Edition
    • Volume 155
    • J.A. Dubin
    • English
    This book develops the theory of durable choice and utilization. The basic assumption is that the demand for energy is a derived demand arising through the production of household services. Durable choice is associated with the choice of a particular technology for providing the household service. Econometric systems are derived which capture both the discrete choice nature of appliance selection and the determination of continuous conditional demand.Using the National Interim Energy Consumption Survey (NIECS) from 1978, a nested logit model of room air-conditioning, central air-conditioning, space-heating and water heating is estimated. The estimated probability choice model is used to forecast the impacts of proposed building standards for newly constructed single family detached residences. A network thermal model provides unit energy consumptions for alternative heating and cooling systems across time. Monthly billing data matched to NIECS is analyzed permitting seasonal estimation of the demand for electricity and natural gas by households.The theory of price specification for demand subject to a declining rate structure is reviewed and tested. Finally, consistent estimation procedures are used in the presence of possible correlation between dummy variables indicating appliance ownership and the equation error. The hypothesis of simultaneity in the demand system is tested.Conditional moments in the generalized extreme value family are derived to extend discrete continuous econometric systems in which discrete choice is assumed logistic. An efficiency comparison of various two-stage consistent estimation techniques applied to a single equation of a dummy endogenous simultaneous equation system is undertaken and asymptotic distributions are derived for each estimation method.

  • The Economics of Organization

    • 1st Edition
    • Volume 21
    • James D. Hess
    • C.J. Bliss + 1 more
    • English
    Advanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in economics, mathematical economics, and econometrics. The publication first ponders on the general resource allocation problem, particularly noting that a theory of resource allocation is formed by studying the deliberate and purposeful choices of individuals to provide a model for human behavior in the economic realm. The theory of exchange emphasizes that coordination and equilibrium must be formed to explain social linkages. The text then explains market allocation, and a number of propositions are discussed to show the dynamics of this field. The manuscript elaborates on transaction costs, markets and uncertainty, and behavior in the face of uncertainty. The publication also takes a look at the terms of authority, measuring of information, value of communication in teams, cost of communication, and budget planning. The formal organization of decision-making, hierarchical supervision and loss of control, alternative requirements of formal organization, and expedience and incentives are also underscored. The text is a valuable reference for researchers interested in the economics of organization.

  • Introduction to Equilibrium Analysis

    Variations on Themes by Edgeworth and Walras
    • 1st Edition
    • Volume 6
    • W. Hildenbrand + 1 more
    • C. J. Bliss + 1 more
    • English
    Advanced Textbooks in Economics, Volume 6: Introduction to Equilibrium Analysis: Variations on Themes by Edgeworth and Walras focuses on the approaches developed and instituted by Edgeworth and Walras in the study of equilibrium analysis. The book first underscores exchange economies, core of a game, and large economies. Discussions focus on economies with a continuum of agents, Walras equilibrium, prices and demand, balancedness, and commodity space. The manuscript then ponders on limit theorems for the core and existence of competitive equilibria. Topics include equilibria without convexity of preferences, existence of equilibria for economies with convex preferences, individual demand, emergence of prices, asymptotic equal treatment for most, uniform boundedness of core allocations, and limit theorems for type and replica economies. The publication examines continuous, upper, and lower hemi-continuous correspondences, fixed point theorems, and separation of convex sets. The book is a vital source of data for economists and researchers interested in equilibrium analysis.

  • Public Enterprise Economics

    Theory and Application
    • 2nd Edition
    • Volume 23
    • Dieter Bös
    • C. J. Bliss + 1 more
    • English
    Advanced Textbooks in Economics, Volume 23: Public Enterprise Economics: Theory and Application focuses on economics, mathematical economics, and econometrics, including microeconomics, marginal-cost pricing, taxes, and income effects. The manuscript takes a look at the essential parts of public sector pricing models, normative optimum theory, and normative piecemeal theory. Discussions focus on welfare improvements with non-tight constraints, welfare -improving increases of public inefficiency, conditions for optimal prices and quantities, compensating for income effects, and conditions for optimal quality. The book then ponders on marginal-cost pricing, Ramsey pricing, rate of return regulation, and pricing with distributional aims. Topics include comparing distributional and allocative pricing, prices versus taxes, optimum Ramsey policy, influence of Ramsey prices on allocation, distribution, and stabilization, and consequences for allocation, distribution, and stabilization. The publication examines bus and underground services in London, economic theory and empirical analysis, and different approaches towards optimal quality, including empirical studies on bus and underground demand, organizational and political history, and microeconomics of the representative consumer. The book is a valuable source of data for researchers interested in public enterprise economics.

  • Microeconomics

    Institutions, Equilibrium and Optimality
    • 1st Edition
    • Volume 30
    • M.C. Blad + 1 more
    • English
    The first part of this book contains the material for a course in standard microeconomics and general equilibrium. These chapters contain the necessary background on commodities, consumers, producers, as well as the classical results about the existence of general (Walras) equilibria and the fundamentals of welfare theory. The second part of the book may be seen as a continuation dealing with more advanced topics.This textbook shows how the general equilibrium theory can be put into use to provide new insights into various fields of economic science. The reader does not need previous particular mathematical training; the formal approach is introduced in a piecemeal fashion, so that no difficult mathematics occurs in the beginning.

  • Applied Consumption Analysis

    • 2nd Edition
    • Volume 5
    • L. Phlips
    • English
    This volume links the abstract theory of demand with its econometric implementation. Exercises lead the reader from elementary utility maximization to the most sophisticated recent techniques, highlighting the main steps in the historical evolution of the subject. The first part presents a brief discussion of duality and flexible forms, and in particular of Deaton and Muellbauer's ``almost ideal demand system''. Part two includes the author's work on true wage indexes, and on intertemporal utility maximization.

  • Economics of Insurance

    • 1st Edition
    • Volume 29
    • K.H. Borch + 2 more
    • English
    The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries.Reinsuranc... is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters. Finally uninsurable risks are presented under "asymmetric information". Here moral hazard and adverse selection are treated and illustrations are given, some based on game theory.

  • Strategies of Banks and Other Financial Institutions

    Theories and Cases
    • 1st Edition
    • Rajesh Kumar
    • English
    How and why do strategic perspectives of financial institutions differ by class and region? Strategies of Banks and Other Financial Institutions: Theories and Cases is an introduction to global financial institutions that presents both theoretical and actual aspects of markets and institutions. The book encompasses depository and non-depository Institutions; money markets, bond markets, and mortgage markets; stock markets, derivative markets, and foreign exchange markets; mutual funds, insurance, and pension funds; and private equity and hedge funds. It also addresses Islamic financing and consolidation in financial institutions and markets. Featuring up-to-date case studies in its second half, Strategies of Banks and Other Financial Institutions proposes a useful theoretical framework and strategic perspectives about risk, regulation, markets, and challenges driving the financial sectors.

  • The Changing Landscape of China’s Consumerism

    • 1st Edition
    • Alison Hulme
    • English
    Consumerism in China has developed rapidly. The Changing Landscape of China's Consumerism looks at the growth of consumerism in China from both a socio-economic and a political/cultural angle. It examines changing trends in consumption in China as well as the impact of these trends on society, and the politics and culture surrounding them. It examines the ways in which, despite needing to "unlock" the spending power of the rural provinces, the Chinese authorities are also keen to maintain certain attitudes towards the Communist Party and socialism "with Chinese Characteristics." Overall, it aims to show that consumerism in China today is both an economic and political phenomenon and one which requires both surrounding political culture and economic trends for its continued establishment. The ways in which this dual relationship both supports and battles with itself are explored through apposite case studies including the use of New Confucianism in the market context, the commodification of Lei Feng, the new Chinese tourist as a diplomatic tool in consumption, the popularity of Shanzhai (fake product) culture, and the conspicuous consumption of China's new middle class.

  • The Third World Congress on Biosensors Abstracts

    1-3 June 1994, New Orleans, USA
    • 1st Edition
    • Abstracts
    • English
    Biosensors 94: The Third World Congress on Biosensors Abstracts focuses on the progress in the field of biosensors, including immuno-absorbent 'catch' system, surface plasmon resonance, and chemiluminescence. The selection first offers information on the development of a commercial multichannel clinical sensor chip; commercial development and application of biosensors; amperometric biosensors based on dehydrogenase/NAD and heterocyclic quinones; and enzyme-epoxy membrane based semi-automated glucose analyzing system. The text then takes a look at the orientation of antibody fragments to increase TIRF immunosensor efficiency and the development of latex-technology for specific DNA detection with surface plasmon resonance. The book elaborates on gas-phase biosensor for the determination of ethanol vapor; novel electrochemical gas phase biosensors for the detection of phenolic vapors; and the development of an immuno-absorbent 'catch' system for the detection of pesticides and pesticide analogues. The book also ponders on the kinetics of binding of immobilized antibodies under nonequilibrium, flow conditions; flow injection thin-layer cell immunosensor with chemiluminescent detection of peroxidase label; and new optical fiber sensor for detecting chemiluminescence and its application to immunoassay. The selection is a valuable source of data for researchers interested in biosensors.

  • China's Road to Development

    • 2nd Edition
    • N. Maxwell
    • English
    China's Road to Development is a collection of papers by specialists on aspects of China's economy and society. It covers a wide range of subjects, from development strategy to the specifics of small-scale energy exploitation, from the role of women in China's development to the 'greening' of China through great efforts in afforestation. Commenting on the limited issue original edition (a special issue of the journal World Development) from which this volume has been greatly expanded, Dr. Knowles, President of the Rockefeller Foundation, wrote: "A magnificent collection ot essays by very astute and experienced observers, covering everything from population control, health, economic planning, trade, city planning and rural development to Chinese aid in building the Tanzania-Zambia railway. If I could only afford two books on modern China, I would get this one..."

  • The Evaluation of Risk in Business Investment

    • 1st Edition
    • J.C. Hull
    • English
    Provides finance specialists in industry and students of management with a comprehensive set of practical procedures for evaluating the total risk in the major capital investment decisions facing a business. It discusses in detail how companies can make effective use of sensitivity analyses, risk simulations and other techniques, and deals in depth with important issues, such as: How should the results of a sensitivity analysis be interpreted?; How can adequate subjective probability distributions be obtained? How can dependencies between variables be dealt with in a practical way?; The emphasis throughout is on 'how to do it' and the reader needs only a slight knowledge of statistics. A particularly important feature of the book is the FORTRAN subroutines in Appendices A and B which the author prepared for calculating risk evaluations

  • Dynamic Modelling & Control of National Economies 1986

    Proceedings of the 5th IFAC/IFORS Conference, Budapest, Hungary, 17-20 June 1986
    • 1st Edition
    • B. Martos + 2 more
    • English
    This IFAC symposium considers the modelling, analysis and control of various economic and socio-economic systems. The volume is divided into three sections covering: economic theory; macroeconomic policymaking - national, sectoral and regional models; mathematical, algorithmical and computational methods of modelling, giving a clear and concise view of the use of computer systems in the world of economics.

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