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The Beginnings of Behavioral Economics
Katona, Simon, and Leibenstein's X-Efficiency Theory
Sofort lieferbar | Lieferzeit: Sofort lieferbar I
ISBN-13:
9780128157053
Veröffentl:
2019
Seiten:
258
Autor:
Roger Frantz
eBook Typ:
EPUB
eBook Format:
EPUB
Kopierschutz:
2 - DRM Adobe
Sprache:
Englisch
Beschreibung:
The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior - XE relationship.
1. Introduction2. Two beginnings3. The "Big 3.¿ Simon, Katona, Leibenstein4. It didn't just happen overnight5. Leibenstein before X-efficiency theory6. X-efficiency. An intervening variable7. Empirical research on XE: c.1967-19908. XE among US financial institutions9. XE among financial firms in Asia10. XE among Asian non-financial institutions11. XE in Europe12. XE in Australia and New Zealand, Latin America, the Middle East, Africa, and the world13. Conclusions
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