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With the healthcare sector accounting for a sizeable proportion of national expenditures, the pursuit of efficiency has become a central objective of policymakers within most health systems. However, the analysis and measurement of efficiency is a complex…

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In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy , William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The…

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Economic Principles of Law applies economics to the doctrines, rules and remedies of the common law. In plain English and using non-technical analysis, it offers an introduction and exposition of the 'economic approach' to law - one of the most exciting and…

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Innovation has become a major field of study in economics, management, sociology, science and technology, and history. Case studies, empirical models, appreciative analyses and formal theories abound. However, after several decades of study on innovation, and so…

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Markets, Information and Uncertainty is a collection of essays by leading theorists offering powerful new insights on the role of uncertainty and information in today's market. This book features Kenneth Arrow on information and the organization of industry, Roy…

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The book provides a short review of the classical approach to planning and decision making under uncertainty. It further explains the concept of state-contingent goods, and it extends earlier work on the state-contingent approach to describing production under…

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This book provides a concise treatment of the core concepts of microeconomic theory at the intermediate level with calculus integrated into the text. The authors, Roberto Serrano and Allan M. Feldman, start with consumer theory and then discuss preferences and…

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The manuscript reviews some key ideas about artificial intelligence, and relates them to economics. These include its relation to robotics, and the concepts of synthetic emotions, consciousness, and life. The economic implications of the advent of artificial…

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These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists…

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Problems of fair division, equitable cost-sharing, division of a joint benefit, or the choice of a truly democratic voting rule are familiar subjects of dispute in technologically advanced democracies. This book provides a comprehensive and unified presentation…

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Surveying the field of the economics of the household, the second edition of this text reviews the theory of the consumer at the intermediate undergraduate level. It applies and extends it to consumer demand and expenditures, consumption and saving, time…

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This collection contains essays that provide definitive and accessible accounts of recent research on some of the most important topics in the theory of decision-making and organization-design with incomplete information. Aimed primarily at nonspecialists, some…