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Author: Hans Gersbach Publisher: Springer ISBN: 331960516X Category : Business & Economics Languages : en Pages : 186
Book Description
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy. In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work. Pierre-André Chiappori, Columbia University, USA The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field. Ray Rees, LMU Munich, Germany
Author: Hans Gersbach Publisher: Springer ISBN: 331960516X Category : Business & Economics Languages : en Pages : 186
Book Description
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy. In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work. Pierre-André Chiappori, Columbia University, USA The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field. Ray Rees, LMU Munich, Germany
Author: John F. Padgett Publisher: Princeton University Press ISBN: 0691148872 Category : Business & Economics Languages : en Pages : 607
Book Description
The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. In the short run, they argue, actors make relations, but in the long run, they argue, actors make actors. Organizational novelty arises from spillover across intertwined networks, which tips reproducing biographical and production flows. This theory is developed through formal deductive modeling and through a wide range of careful and original historical case studies, ranging from early capitalism and state formation, to the transformation of communism, to the emergence of contemporary biotechnology and Silicon Vally. -- from back cover.
Author: Sandro Segre Publisher: Routledge ISBN: 1351530348 Category : Business & Economics Languages : en Pages : 147
Book Description
This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German." The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities. By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities. The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.
Author: James E. Rauch Publisher: Russell Sage Foundation ISBN: 1610444671 Category : Social Science Languages : en Pages : 357
Book Description
Networks and Markets argues that economists' knowledge of markets and sociologists' rich understanding of networks can and should be combined. Together they can help us achieve a more coherent view of economic life, where transactions follow both the logic of economic incentives and the established channels of personal relationships. Market exchange is impersonal, episodic, and carried out at arm's length. All that matters is how much the seller is asking, and how much the buyer is offering. An economic network, by contrast, is based upon more personalized and enduring relationships between people tied together by more than just price. Networks and Markets focuses on how the two concepts relate to each other: Are social networks an essential precondition for successful markets, or do networks arise naturally out of markets, as faceless traders build reputations and gain confidence in each other? The book includes contributions by both sociologists and economists, applying the concepts of markets and networks to concrete empirical phenomena. Among the topics analyzed, the book explains how, in Taiwan, South Korea, and Japan, firms combine into tightly-knit business blocs, how wholesalers in a Marseille fish market earn the loyalty of customers, and how ethnic retailers in the U.S. share valuable market information with other shopkeepers from their ethnic group. A response to each chapter discusses the issue from the standpoint of the other discipline. Sociologists are challenged to go beyond small-scale economic exchange and to integrate their concept of networks into a broader understanding of the economic system as a whole, while economists are challenged to consider the economic implications of network ties, which can be strong or weak, unconditional or highly contingent. This book proves that both economics and sociology provide stronger insights when they study markets and networks as parallel forms of exchange. But it also clarifies the healthy division of labor that remains between the two disciplines. Sociologists are adept at showing how markets are framed by social institutions; economists specialize in explaining how markets perform, taking the social context as a given. Networks and Markets showcases what each discipline does best and reveals where each discipline would do better by borrowing from the other.
Author: Damon Golsorkhi Publisher: Emerald Group Publishing ISBN: 1780526652 Category : Business & Economics Languages : en Pages : 316
Book Description
Organizations are central actors of modern society. No understanding of our world is complete without a theory of how they work. Successful organizations must engage in power-projects. Such is the overarching argument of this volume, a collection of papers by many of the world's leading social scientists and organizational scholars.
Author: Sandro Segre Publisher: Routledge ISBN: 1351163469 Category : Social Science Languages : en Pages : 183
Book Description
Moral economy, as a set of rules which regulate market transactions, has been the object of much research and debate since the 1980s; it has also been the focus of classical sociological authors such as Weber, Simmel and Toennies. Weber in particular examined the rules of the moral economy in the financial markets, and this volume sheds light on his contribution to the subject. The book formulates two models of business relations - one oligopolistic model, the other based on free competition - which are derived from Weber and Simmel's writings and which represent alternative instances of the moral economy. Empirical case studies in the form of South Korea and Taiwan are included to exemplify the two models and to highlight the consequences of adopting one model over the other. The volume also examines the conduct of actors in some of the leading financial markets, with reference to Weber's writings on the 19th century London and Berlin Stock Exchanges.
Author: John R. Freeman Publisher: Cornell University Press ISBN: 1501724207 Category : Political Science Languages : en Pages : 329
Book Description
Events of the 1970s and 1980s have provoked intense controversy about the desirability of existing political and economic institutions. On the basis of an analysis of social welfare in varying types of market systems and in certain democratic political systems, Democracy and Markets illuminates alternative directions for institutional reform. Examining in detail the experiences of several democratic European countries, John R. Freeman considers whether a mixed ownership structure is preferable to a private ownership structure; and whether a pluralist type of democratic politics is preferable to a corporatist type. Freeman compares the benefits of the two economic and two political systems separately, and then analyzes the workings of four basic political economies. This analysis yields a welfare taxonomy for alternative forms of democratic capitalism and more specifically a characterization of the blends of collective gain and distributional equity that can be achieved in the four systems. Freeman demonstrates the validity of this taxonomy through an empirical investigation of the political economies of Britain, Austria, Sweden, and Italy. Under current conditions, he concludes, the corporatist-mixed system produces the most desirable blend of welfare outcomes.
Author: Jeroen Klink Publisher: Routledge ISBN: 0429602162 Category : Science Languages : en Pages : 197
Book Description
This book explores the impact of finance on urban spaces as well as cities' role in the social constitution and dissemination of financial logistics and techniques. It brings together literature from different disciplinary areas to increase our understanding of financialization. It observes how non-financial members of society, such as public bureaucrats, urban planners, the media and so on, are actively involved in the financialization of urban areas. With an explicit focus on Brazil, a developing country in the Global South, the book demonstrates how the country has been grappling with complex and contradictory processes of neoliberalization, decentralization, re-democratization and institutional-legal strengthening of frameworks for urban and regional planning, stressing the relations between urban space and finance capital. With a distinct view of filling a gap in the current literature on urban financialization, the book aims to focus on less developed areas in this field and link them with the literature on social studies of finance. This makes the text relevant for academics and scholars of urban studies and planning theory, geography, development studies and political economy, as well as scholars in the US and Europe interested in understanding Brazilian patterns of financialization.
Author: Judith Heyer Publisher: Oxford University Press ISBN: 9780199256921 Category : Business & Economics Languages : en Pages : 388
Book Description
A substantial introduction to the study of group behaviour in developing countries, this text provides both relevant theoretical issues and case studies.
Author: G. Özcan Publisher: Springer ISBN: 0230296955 Category : Social Science Languages : en Pages : 291
Book Description
The transition economies of Central Asia are faced with the most daunting challenge of modern capitalism: the move from vassal pseudo-states of the former Soviet Union to competitive nations. This book is the first to explore the first 15 years of economic emergence, and assess the capabilities of these countries to transform their economies.
Author: Hans Gersbach
Author: Hans Gersbach
Author: John F. Padgett
Author: Sandro Segre
Author: James E. Rauch
Author: Damon Golsorkhi
Author: Sandro Segre
Author: John R. Freeman
Author: Jeroen Klink
Author: Judith Heyer
Author: G. Özcan