Explorations in Pragmatic Economics: Selected Papers of George A. Akerlof (and Co-authors).

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Oxford University Press, 2005 - 514 páginas
“This collection of Akerlof's most important papers provide both an introduction to Akerlof's work and a grounding in modern economics. Divided into two broad areas, micro- and macroeconomics, they cover the economics of information; the theory of unemployment; macroeconomic equilibria; the demand for money; psychology and economics; and the nature of discrimination and other social issues. The collection closes with Akerlof's 2001 Nobel Lecture, in which he argues that it is imperative that macroeconomics be considered inherently behavioural.” -- BACK COVER.
 

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Índice

Explorations in Pragmatic Economics
1
Quality Uncertainty and the Market Mechanism
27
Counteracting Institutions
37
Statistical Discrimination
45
Conclusion
54
The Nondiscriminatory Equilibrium
62
A Prototype Model
77
Identity and the Economics of the Household
90
Common Features in Models of NonUtilization and Analogy Between Jobs and Dam Sites
347
Specific Technology and Jobs
350
A Partial Equilibrium Example
352
A General Equilibrium Example
353
Summary and Conclusion
360
Labor Contracts as Partial Gift Exchange
362
The Nonneoclassical Behavior of the Cash Posters or of the Eastern Utilities Co
364
Sociological Explanation of Cash PostersEastern Utilities Behavior
366

The Economics of Tagging as Applied to the Optimal
100
Generalized Problem
110
An Analysis of OutofWedlock Childbearing in the United States
119
A Rudimentary Model of Female Immiseration
130
Discussion of Models and Experience in the United States
141
Conclusions
147
George A Akerlof
154
Tests of the Effects of Marriage on Human Capital
164
Change in Fixed Effects Coincidental with Timing of Marriage
170
The Economic Consequences of Cognitive Dissonance
177
Potential Applications
189
George A Akerlof
196
Conclusion
207
Procrastination and Obedience
209
The Economic Underworld of Bankruptcy for Profit
232
Relative Wages and the Rate of Inflation
283
The Microeconomic Foundations of a Flow of Funds Theory
303
The Consequences of Constant ThresholdTarget
328
Agreement with Empirical Evidence
338
Summary and Conclusion
339
Jobs as Dam Sites
345
Reference Groups
369
The Fair Wage
372
A Model
373
Two Examples
375
Conclusion
383
The Fair WageEffort Hypothesis and Unemployment
386
Motivation for the Fair WageEffort Hypothesis
387
A Rudimentary Model of Unemployment with the Fair WageEffort Hypothesis
395
A Relative Deprivation Model of the Fair Wage
398
Conclusion
407
A NearRational Model of the Business Cycle with Wage and Price Inertia
410
A Model of Cyclical Unemployment
415
Conclusion
422
The Macroeconomics of Low Inflation
424
George A Akerlof William T Dickens and George L Perry
426
Simulation Model
438
Appendix A
464
Behavioral Macroeconomics and Macroeconomic Behavior
472
Index
503
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George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics.

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