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www.cambridge.org/economics 2006

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JournalsEconomics

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ContentsGeneral Economics and Economic

Theory 1Economic Thought, Philosophy and

Methodology 3Econometrics 5

Econometric Exercises 7Themes in Modern Economics 8Econometric Society Monographs 8

Mathematical Methods and Programming 9

Microeconomics 12Macroeconomics and Monetary

Economics 13International Economics 16Financial Economics 18Public Economics and Political

Economy 21Law and Economics 27Industrial Organisation and

Labour Economics 29Business and Management 30Economic History 34Economic Development

and Growth 39Economic Systems 39Environmental and Natural

Resource Economics 40Regional Economics 42Author and Title Index 44

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GeneralEconomics andEconomicTheory

HIGHLIGHT

Economic Origins ofDictatorship andDemocracyEconomic and Political OriginsDaron AcemogluMassachusetts Institute of Technology

and James A. RobinsonHarvard University, Massachusetts

This book is the first to use modernsocial science methodologysystematically to explain why somecountries are democracies while othersare not. Why does democracysometimes persist and consolidate whileother times it collapses? The treatmentshows that whether or not a societybecomes democratic depends on severalfactors.‘This path-breaking book is among themost ambitious, innovative, sweeping,and rigorous scholarly efforts incomparative political economy andpolitical development. It offers abroad, substantial new account of thecreation and consolidation ofdemocracy. Why is the franchiseextended? How do elites make reformbelievable and avoid expropriation?Why do revolutions neverthelessoccur? Why do new democraciessometimes collapse into coups andrepression? When is repressionabandoned? Backed by a unifiedanalytic model, historical insight, andextensive statistical analysis, theauthors’ case is compelling.’James Alt, Harvard University

‘This tour de force combines brillianttheoretical imagination and historicalbreadth to shine new light on issuesthat have long been central in socialscience. The book cannot be ignored byanybody wanting to link political andeconomic development. Its range istruly impressive. The same logicalframework offers plausible predictionsabout revolution, repression,democratization, and coups. The bookrefreshingly includes as much LatinAmerican experience as Europeanexperience, and as much Asian asNorth American. The authors offer newintellectual life to economics, politicalscience, sociology, and history. Gametheory gains a wider audience by

being repeatedly applied to majorhistorical issues for which commitmentis indeed a key mechanism.Economists and political scientists gainmore common ground on their politicaleconomy frontier. Sociologists aregiven a new template about classinteractions in the political sphere, onethat suggests both new tests and newideas. And comparative historians,while fleeing from active involvementin game theory, have a new set ofconjectures to support or be provokedby.’Peter Lindert, University of California, Davis

‘A vast body of research in socialscience on the development ofdemocracy offers detailed accounts ofspecific country events but few generallessons. Acemoglu and Robinsonbreathe new life into this field. Relyingon a sequence of formal – butparsimonious – game-theoretic modelsand on penetrating historical analysis,they provide a common understandingof the diverse country historiesobserved during the last twocenturies.’Torsten Persson, Stockholm University

2005 234 x 156 mm 540pp978 0 521 85526 6 (0 521 85526 8)Hardback £25.00

Global Crises, GlobalSolutionsEdited by Bjorn LomborgAarhus Universitet, Denmark

Leading economists addressten of the most serious challengesfacing the world today: Climate Change,Communicable Diseases, Conflicts,Education, Financial Instability,Corruption, Migration, Malnutrition andHunger, Trade Barriers, Access to Water.World experts evaluate various policyoptions for each problem, stimulatingthe debate on prioritising our responseto global challenges.The Economist selected Global Crises,Global Solutions as one of the bestbooks in 2004

‘A hugely sensible book about globalhealth and environmental problems,based on the ‘Copenhagen Consensus’project documented in The Economist.Its authors, eminent economists,recognise that the resources to tacklesuch problems are finite and need tobe applied where they are most likelyto be effective. Better, for instance, tospend resources on the immediateproblem of AIDS in Africa than themore distant one of global warming.

This book is a healthy antidote to thenarrow views of single-issue pressuregroups.’ The Economist

Contributors: Bjørn Lomborg, WilliamCline, Robert Mendelsohn, Alan S.Manne, Anne Mills, Sam Shilcutt, DavidB. Evans, Jacques van der Gaag, PaulCollier, Anke Hoeffler, Michael D.Intraligator, Tony Addison, Lant Pritchett,T. Paul Schultz, Ludger Wöbmann, BarryEichengreen, Charles Wyplosz, PeterBlair Henry, Susan Rose-Ackerman, JensChristopher Andvig, Jean Cartier-Bresson, Jere R. Behrman, HaroldAlderman, John Hoddinott, PeterSvedberg, Simon Appleton, PhilipMartin, Mark Rosenzweig, RogerBöhning, Frank Rijsberman, John J.Boland, Henry Vaux, Jr., Kym Anderson,Jan Pronk, Arvind Panagariya, JagdishBhagwati, Robert Fogel, Bruno Frey,Justin Yifu Lin, Douglass North, ThomasSchelling, Vernon Smith, Nancy Stokey

2004 247 x 174 mm 670pp 80 tables60 graphs978 0 521 84446 8 (0 521 84446 0)Hardback £45.00 978 0 521 60614 1 (0 521 60614 4)Paperback £19.99

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The SkepticalEnvironmentalistMeasuring the Real State of theWorldBjørn LomborgAarhus Universitet, Denmark

‘This is one of the most valuable bookson public policy – not merely onenvironmental policy – to have beenwritten for the intelligent reader in thepast ten years … The SkepticalEnvironmentalist is a triumph.’The Economist

‘… a superbly documented andreadable book.’Wall Street Journal


General Economics and Economic Theory

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GRADUATE TEXTBOOK

The Economics ofInput-Output AnalysisThijs ten RaaUniversiteit van Tilburg

Input-output analysis is the main tool ofapplied equilibrium analysis. Thistextbook is a systematic survey of itsmost recent developments and theirapplications, teaching students how toapply their knowledge to concreteeconomies. The national accounts of aneconomy are presented in detail andthen used to build an economic model.Numbers are put on seemingly slipperyissues such as efficiency,competitiveness, environmentalprotection, and globalization effects.Exercises and review questions areincluded at the end of each chapter, andsolutions at the end of the book.‘This book demonstrates the author’ssuperior mastery and insights into thesubject matter. Even those who haveachieved mastery of input-output andlinear programming analysis will findmany valuable insights to add to theirstore of knowledge. This volume is asubstantial addition to the literature.’ William Baumol, New York University andPrinceton University

Contents: Preface; 1. Introduction;2. Input-output basics; 3. Multiplier effects;4. Linear programming; 5. Are input-outputcoefficients fixed?; 6. The system of nationalaccounts; 7. The construction of technicalcoefficients; 8. From input-outputcoefficients to the Cobb-Douglas function;9. The diagnosis of inefficiency; 10. Input-output analysis of international trade;11. Environmental input-output economics;12. Productivity growth and spillovers;13. The dynamic inverse; 14. Stochasticinput-output analysis.

2006 247 x 174 mm 218pp 17 tables14 figures978 0 521 84179 5 (0 521 84179 8)Hardback £45.00 978 0 521 60267 9 (0 521 60267 X)Paperback £19.99 Publication January 2006

The Economics ofEducationHuman Capital, FamilyBackground and InequalityDaniele ChecchiUniversità degli Studi di Milano

In an important contribution toeducational policy, Daniele Checchioffers an economic perspective on thedemand and supply of education. Heexplores the reasons why, beyond a

certain point, investment in educationhas not resulted in reductions in socialinequalities. Starting with the seminalwork of Gary Becker, Checchi providesan extensive survey of the literature onhuman capital and social capitalformation. He draws on individual dataon intergenerational transmission ofincome and education for the USA,Germany and Italy, as well as aggregatedata on income and educationalinequality for a much wider range ofcountries. Checchi explores whetherresources spent in education areeffective in raising students’achievement, as well as analysingalternative ways of financing education.The Economics of Education thusprovides the analytical tools necessaryto understand the complex relationshipsbetween current income inequality,access to education and futureinequality.‘An excellent book; up-to-date and wellorganised. It brings together moderntheoretical and empiricaldevelopments, and presents themlucidly. I learned a lot from it.’Gianni De Fraja, University of Leicester andCEPR

2006 228 x 152 mm 270pp 25 tables25 figures978 0 521 79310 0 (0 521 79310 6)Hardback £48.00 Publication February 2006

SECOND EDITION

The EconomicOrganization of theHouseholdSecond editionW. Keith BryantCornell University, New York

and Cathleen D. ZickUniversity of Utah

The second edition of this text surveysthe entire field of the moderneconomics of the household includingcurrent economic explanations ofdemand and expenditures, consumptionand saving, how and why people spendtheir time the way they do working inthe market, in the home and in leisureactivities, their investments in educationand health, fertility behavior includingour-of-wedlock births, marriage anddivorce. While the focus is plainly on theAmerican experience, the theories canbe applied to behavior in settings inother countries.

2006 228 x 152 mm 300pp 6 tables978 0 521 80141 6 (0 521 80141 9)Hardback £40.00 978 0 521 80527 8 (0 521 80527 9)Paperback £16.99 Publication February 2006

FORTHCOMING

Walrasian EconomicsDonald A. WalkerIndiana University, Pennsylvania

The book explains the past history andpresent state of Walrasian generaleconomic equilibrium theory, whichincorporates most of microeconomictheory. The treatment examines thefoundations of the legacy of LeonWalras, the originator of generalequilibrium theory, and his influence asmanifested in the work of hissuccessors. It is shown that he initiatedstrains of theorizing and a researchagenda that have dominated the courseof microeconomic theory even morethan is currently appreciated.

2006 228 x 152 mm 368pp 2 tables978 0 521 85855 7 (0 521 85855 0)Hardback c. £45.00 Publication March 2006

FORTHCOMING

Islam and the MoralEconomyThe Challenge of CapitalismCharles TrippSchool of Oriental and African Studies,University of London

How do modern Muslims adapt theirtraditions to engage with today’s world?Charles Tripp’s erudite and incisive bookconsiders one of the most significantchallenges faced by Muslims over thelast sixty years: the challenge ofcapitalism. By reference to the works ofnoted Muslim scholars, the authorshows how, faced by this challenge,these intellectuals devised a range ofstrategies which have enabled Muslimsto remain true to their faith, whilstengaging effectively with a world not oftheir own making.‘In this finely observed and trenchantstudy, Charles Tripp presents a uniqueexamination of the assumptionsbehind Muslim views of economics andexplores, with particular mastery, thelogic behind contemporary criticismsof capitalism. He is persuasive that,amidst the ambivalent transformationsof modern Muslim thought, economicsemerges as a functional as well asmoral endeavour, and meticulously

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documents the various ways in whichMuslims have appropriated, orresisted, dominant views on society,economics, and politics. There couldthus be no surer or more informedguide than this to the scholarly andpublic debates over the centrality ofdevelopment, social need, and justiceto the evolving ‘common sense’ ofMuslim societies.’ James Piscatori Oxford Centre for IslamicStudies and Wadham College, Oxford

2006 228 x 152 mm c.265pp978 0 521 86377 3 (0 521 86377 5)Hardback c. £40.00 978 0 521 68244 2 (0 521 68244 4)Paperback c. £17.99 Publication July 2006

Rational HerdsEconomic Models of SocialLearningChristophe P. ChamleyBoston University

‘This book is a notable achievement. Itis ambitious in scope, and providessubstantive understanding of howdifferent models in the area work. Itoffers a deep understanding of therange of validity of differentconclusions in the literature and therelations between different possiblemodel results. The general economistwill find a rigorous and lucid in-depthintroduction to the field. Even expertsin the field will find here manychallenges as well as enlightenment.Chamley’s book promises to be the keyreference on rational models of sociallearning in economics for some time tocome.’David Hirshleifer, Ohio State University

‘Christophe Chamley brings the readerto the state of the art in formalmodeling of social learning. Histreatment of this burgeoning literatureis extraordinarily clear andcomprehensive. This book, by anauthor who has himself made majorcontributions to the subject, isdestined to become a standardreference in the area.’Sushil Bikhchandani, UCLA

2004 253 x 177 mm 416pp 68 linediagrams 7 tables 61 exercises978 0 521 82401 9 (0 521 82401 X)Hardback £80.00 978 0 521 53092 7 (0 521 53092 X)Paperback £30.00

Economic Analysis ofSocial Common CapitalHirofumi UzawaDoshisha University, Kyoto

This book introduces an analyticalframework in which economicimplications of social common capitalare fully examined and explore the

conditions under which theintertemporal allocation of scarceresources, including both social commoncapital and private capital, isdynamically optimum or sustainablefrom the social point of view.

2005 228 x 152 mm 400pp 6 line diagrams978 0 521 84788 9 (0 521 84788 5)Hardback £45.00

EconomicThought,Philosophy andMethodology

FORTHCOMING HIGHLIGHT

Economic Analysis,Moral Philosophy andPublic PolicySecond editionDaniel M. HausmanUniversity of Wisconsin, Madison

and Michael S. McPhersonWilliams College, Massachusetts

This book shows through accessibleargument and numerous examples howunderstanding moral philosophy canimprove economic analysis, how moralphilosophy can benefit from economists’analytical tools, and how economicanalysis and moral philosophy togethercan inform public policy. Part I exploresrationality and its connections tomorality. It argues that in defendingtheir model of rationality, mainstreameconomists implicitly espousecontestable moral principles. Part IIconcerns welfare, utilitarianism andstandard welfare economics, while PartIII considers important moral notionsthat are left out of standard welfareeconomics, such as freedom, rights,equality, and justice. Part III alsoemphasizes the variety of moralconsiderations that are relevant toevaluating policies. Part IV thenintroduces technical work in socialchoice theory and game theory that isguided by ethical concepts and relevantto moral theorizing. Chapters includerecommended readings and the bookincludes a glossary of relevant terms.

2006 228 x 152 mm 375pp978 0 521 84629 5 (0 521 84629 3)Hardback c. £40.00 978 0 521 60866 4 (0 521 60866 X)Paperback c. £15.99 Publication April 2006

The Wealth of IdeasA History of Economic ThoughtAlessandro RoncagliaUniversità degli Studi di Roma ‘La Sapienza’,Italy

Illustrates the history of economicthought from antiquity to the presentday. Eloquently written and scientificallyrigorous, this well documented bookfocuses on the different views of theeconomy and society and on theirevolution over time. Critically evaluatesthe scarcity-utility approach incomparison with the Classical/Keynesianapproach.

2005 228 x 152 mm 596pp 5 figures978 0 521 84337 9 (0 521 84337 5)Hardback £60.00

FORTHCOMING TEXTBOOK

SECOND EDITION

IncentivesMotivation and the Economics ofInformationSecond editionDonald E. CampbellCollege of William and Mary, Virginia

This book examines the incentives atwork in a wide range of institutions tosee how and how well coordination isachieved by informing and motivatingindividual decision makers. Boxedexamples are used to highlight points oftheory and are separated from the maintext.Contents: 1. Equilibrium, efficiency, andasymmetric information: 1.1 Asymmetricinformation; 1.2 Taxi!; 1.3 Acid rain;1.4 Efficiency; 1.5 Equilibrium; 1.6 Theprisoner’s dilemma game; 1.7 Repetitionand equilibrium; 2. Basic models and tools:2.1 Maximizing a quadratic; 2.2 Overviewof calculus; 2.3 Lagrangian multipliers;2.4 The composite commodity model;2.5 Quasi-linear preferences; 2.6 Decisionmaking under uncertainty; 2.7 Insurance;3. Hidden action: 3.1 Resource allocation;3.2 Marketable pollution rights;3.3 Incentive regulation of thetelecommunications industry; 3.4 Thesavings and loan debacle; 3.5 Personalbankruptcy; 3.6 Mandatory retirement;3.7 Tenure and the performance ofprofessors; 3.8 Pay and performance in USpublic schools; 3.9 Moral hazard andinsurance; 4. Corporate governance:4.1 A brief tour of several countries;4.2 Partnerships; 4.3 The owner-employeerelationship; 4.4 The owner-managerrelationship in practice; 4.5 Agency theory;5. Hidden characteristics: 5.1 Pricediscrimination; 5.2 Two-person exchange;5.3 The used car market; 5.4 Creditrationing; 5.5 Bundling and product quality;

Economic Thought, Philosophy and Methodology

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5.6 Job market signaling; 5.7 Competitiveinsurance markets; 6. Auctions:6.1 Introduction; 6.2 The Vickrey auction;6.3 Four basic auction mechanisms;6.4 Revenue equivalence; 6.5 Applicationsof the revenue equivalence theorem;6.6 Interdependent values; 7. Voting andpreference revelation: 7.1 Voting schemes;7.2 Preference revelation in general;7.3 General proof of the Gibbard-Satterthwaite theorem; 7.4 The revelationprinciple; 8. Public goods and preferencerevelation: 8.1 The economic model;8.2 The pivotal mechanism; 8.3 Grovesmechanisms; 8.4 Efficiency and incentivecompatibility; 9. Matching: 9.1 Studentsand advisors; 9.2 College admissions;9.3 Hospitals and doctors; 9.4 Allocatingdormitory rooms; 9.5 Kidney transplants;10. General competitive equilibrium:10.1 Competition, property rights, andprosperity; 10.2 The Arrow-Debreueconomy; 10.3 Non-convex economies;10.4 Efficiency and incentive compatibility;10.5 Common property resources.

2006 253 x 177 mm 600pp 106 tables978 0 521 83204 5 (0 521 83204 7)Hardback c. £45.00 978 0 521 53974 6 (0 521 53974 9)Paperback c. £19.99 Publication June 2006

The CambridgeCompanion to AdamSmithEdited by Knud HaakonssenUniversity of Sussex

Adam Smith is best known as thefounder of scientific economics and asan early proponent of the modernmarket economy. Political economy,however, was only one part of Smith’scomprehensive intellectual system. ThisCompanion volume provides an up-to-date examination of all aspects ofSmith’s thought.Cambridge Companions to Philosophy

2006 228 x 152 mm 424pp 1 linediagram978 0 521 77059 0 (0 521 77059 9)Hardback c. £40.00 978 0 521 77924 1 (0 521 77924 3)Paperback c. £17.99 Publication March 2006

FORTHCOMING

The CambridgeCompanion to KeynesEdited by Roger BackhouseUniversity of Birmingham

and Bradley BatemanGrinnell College, Iowa

In this volume, contributors from a widerange of disciplines offer newinterpretations of Keynes’s thought,explain the links between Keynes’sphilosophy and his economics and placehis work and Keynesianism - theeconomic theory, the principles ofeconomic policy, and the politicalphilosophy - in their historical context.Cambridge Companions to Philosophy

2006 228 x 152 mm 247pp 1 figure978 0 521 84090 3 (0 521 84090 2)Hardback c. £40.00 978 0 521 60060 6 (0 521 60060 X)Paperback c. £15.99 Publication April 2006

FORTHCOMING

The Moral Ecology ofMarketsDaniel FinnSt. John’s University, Minnesota

Disagreements about the morality ofmarkets – and about self-interestedbehavior within markets – run deep.They arise from widely differingperspectives within economics andpolitical philosophy that appear to havenothing in common. In this book, DanielFinn provides a framework forunderstanding these conflicting pointsof view.

2006 228 x 152 mm 256pp978 0 521 86082 6 (0 521 86082 2)Hardback £40.00 978 0 521 67799 8 (0 521 67799 8)Paperback £14.99 Publication March 2006

The EvolutionaryFoundations ofEconomicsEdited by Kurt DopferUniversität St Gallen, Switzerland

Kurt Dopfer, who possesses one of themost imaginative minds in theeconomics profession, has organized asplendid collection of the leadingviews on the nature and future ofevolutionary economics. His choice is amarvellous combination of both theforest and the trees. If you want to

know where the profession is, andwhere it thinks it is going, this is thebook to study.Mark Perlman, University of Pittsburgh, formereditor in chief of Journal of Economic Literature


Adam Smith’s MoralPhilosophyA Historical and ContemporaryPerspective on Markets, Law,Ethics, and CultureJerry EvenskySyracuse University, New York

This work treats these dimensions ofSmith’s work as elements in a seamlessmoral philosophical vision. This bookweaves Smith into a constructivecritique of modern economic analysisand builds bridges between thatdiscourse and the other social sciences.Historical Perspectives on ModernEconomics

2005 228 x 152 mm 352pp 2 linediagrams978 0 521 85247 0 (0 521 85247 1)Hardback £45.00

Ricardo’sMacroeconomicsMoney, Trade Cycles, andGrowthTimothy Davis

This book describes the contribution ofDavid Ricardo, one of the mostinfluential economists of the nineteenthcentury, to the development ofmacroeconomics. It provides a detailedhistory of economic conditions in theearly nineteenth century, allowing theauthor to show that Ricardo was well-versed in current affairs.Historical Perspectives on ModernEconomics

2005 228 x 152 mm 328pp 1 linediagram978 0 521 84474 1 (0 521 84474 6)Hardback £45.00

Economics and SocialInteractionAccounting for InterpersonalRelationsEdited by Benedetto GuiUniversità degli Studi di Padova, Italy

and Robert SugdenUniversity of East Anglia

An important contribution to a growingresearch agenda that applies traditionaleconomic concepts to the realm of

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interpersonal relationships. The authorscombine analytical rigour withsensitivity to the insights of other socialscience traditions resulting in a bookdevoid of polemics that will attract awide interdisciplinary readership.‘If you believe that the subject ofinterpersonal relations lies outside thedomain of economics, this rich volumewill persuade you otherwise. This isinterdisciplinary scholarship at itsbest.’Robert H. Frank, Cornell University


William Stanley Jevonsand the Making ofModern EconomicsHarro MaasUniversiteit van Amsterdam

The Victorian polymath William StanleyJevons (1835–82) is generally andrightly venerated as one of the greatinnovators of economic theory andmethod. This book is an investigationinto the cultural and intellectualresources that Jevons drew upon torevolutionize research methods ineconomics.Historical Perspectives on ModernEconomics

2005 228 x 152 mm 352pp 30 line diagrams978 0 521 82712 6 (0 521 82712 4)Hardback £45.00

Economic Compulsionand Christian EthicsAlbino BarreraProvidence College, Rhode Island

Markets can often be harsh incompelling people to make unpalatableeconomic choices any reasonableperson would not take under normalconditions. In this book Albino Barreraargues that Christian thought oneconomic security offers an effectiveframework within which to address theconsequences of economic compulsion.New Studies in Christian Ethics, 24

2005 228 x 152 mm 261pp 1 line diagram978 0 521 85341 5 (0 521 85341 9)Hardback £45.00

JOURNAL

Economics andPhilosophyEditors: Luc Bovens London School of Economics

Geoffrey BrennanAustralian National University

Bertil TungoddenNorwegian School of Economics and Business

and Peter VallentyneUniversity of Missouri

The disciplines of economics andphilosophy each possess their ownspecial analytical methods, whosecombination is powerful and fruitful.Each discipline can be enriched by theother. Economics and Philosophy aimsto promote their mutual enrichment bypublishing articles and book reviews inall areas linking these subjects. Topicsinclude the methodology andepistemology of economics, thefoundations of decision theory andgame theory, the nature of rationalchoice, ethical issues in economics, theuse of economic techniques in ethicaltheory, and many other subjects.

http://journals.cambridge.org/jid_EAPSubscriptions

Volume 22 in 2006: March, July andNovemberInstitutions print and electronic: £118/$198Institutions electronic only: £105/$174Individuals print only: £38/$63Member rates available - please enquirePrint ISSN 0266-2671Electronic ISSN 1474-0028

JOURNAL

Journal of InstitutionalEconomicsEditor-in-Chief: Geoffrey M. HodgsonUniversity of Hertfordshire

Editors: Elias L. KhalilMonash University

Richard N. LangloisUniversity of Connecticut

Bart NooteboomTilburg University

and Ugo PaganoUniversity of Siena

The JOIE Foundation

Institutions are the stuff of social andeconomic life. The importance ofunderstanding the role of institutions ineconomic growth is now widelyappreciated. The Journal of InstitutionalEconomics is devoted to the study ofthe nature, role and evolution ofinstitutions in the economy, includingfirms, states, markets, money,

households and other vital institutionsand organizations. It welcomescontributions by all schools of thoughtthat can contribute to ourunderstanding of the features,development and functions of realworld economic institutions andorganizations. The Journal ofInstitutional Economics is aninterdisciplinary journal that will be ofinterest to all academics working in thesocial sciences, particularly in economicsand business studies. Contributions frompolitics, geography, anthropology,sociology and philosophy will also bewelcomed. The Journal of InstitutionalEconomics aims to provide all authorswith an expert verdict on their articleswithin fifty days of submission.

http://journals.cambridge.org/jid_JOISubscriptions

Volume 2 in 2006: April, August andDecemberInstitutions print and electronic: £145/$259Institutions electronic only: £125/$246Individuals print only: £32/$49The following receive a subscription as part oftheir society/organization membership:European Association for Evolutionary PoliticalEconomy.Print ISSN 1744-1374Electronic ISSN 1744-1382

Econometrics

HIGHLIGHT

GRADUATE TEXTBOOK

MicroeconometricsMethods and ApplicationsA. Colin CameronUniversity of California, Davis

and Pravin K. TrivediIndiana University, Bloomington

‘This book presents an elegant andaccessible treatment of the broadrange of rapidly expanding topicscurrently being studied bymicroeconometricians. Thoughtful,intuitive, and careful in laying outcentral concepts of sophisticatedeconometric methodologies, it is notonly an excellent textbook forstudents, but also an invaluablereference text for practitioners andresearchers.’Cheng Hsiao, University of Southern California

‘I wish Microeconometrics wasavailable when I was a student! Here,in one place – and in clear andreadable prose – you can find all of the

Econometrics

Visit our website at www.cambridge.org

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tools that are necessary to do cutting-edge applied economic analysis, andwith many helpful examples.’Alan Krueger, Princeton University

‘Cameron and Trivedi have written aremarkably thorough and up-to-datetreatment of microeconometricmethods. This is not a superficialcookbook; the early chapters carefullylay the theoretical foundations onwhich the authors build theirdiscussion of methods for discrete andlimited dependent variables and foranalysis of longitudinal data. Adistinctive feature of the book is itsattention to cutting-edge topics likesemiparametric regression, bootstrapmethods, simulation-based estimation,and empirical likelihood estimation. Ahighly valuable book.’ Gary Solon, University of Michigan

‘The empirical analysis of micro data ismore widespread than ever before. Thebook by Cameron and Trivedi containsa superb treatment of all the methodsthat economists like to apply to suchdata. What is more, it fully integrates anumber of exciting new methods thathave become applicable due to recentadvances in computer technology. Thetext is in perfect balance betweeneconometric theory and empiricalintuition, and it contains manyinsightful examples.’ Gerard J. van den Berg, Free University,Amsterdam, The Netherlands

Contents: 1. Introduction; 2. Causal andnon-causal models; 3. Microeconomic datastructures; 4. Linear models; 5. ML and NLSestimation; 6. GMM and systemsestimation; 7. Hypothesis tests;8. Specification tests and model selection;9. Semiparametric methods; 10. Numericaloptimization; 11. Bootstrap methods;12. Simulation-based methods;13. Bayesian methods; 14. Binary outcomemodels; 15. Multinomial models; 16. Tobitand selection models; 17. Transition data:survival analysis; 18. Mixture models andunobserved heterogeneity; 19. Models ofmultiple hazards; 20. Models of count data;21. Linear panel models: basics; 22. Linearpanel models: extensions; 23. Nonlinearpanel models; 24. Stratified and clusteredsamples; 25. Treatment evaluation;26. Measurement error models; 27. Missingdata and imputation; A. Asymptotic theory;B. Making pseudo-random draw.

2005 253 x 177 mm 1056pp 43 line diagrams 101 tables978 0 521 84805 3 (0 521 84805 9)Hardback £45.00

z For more information visit our websitewww.cambridge.org/cameron

HIGHLIGHT

NEW TEXTBOOK

IntroductoryEconometricsUsing Monte Carlo Simulationwith Microsoft ExcelHumberto BarretoWabash College, Indiana

and Frank HowlandWabash College, Indiana

This highly accessible and innovativetextbook comes with a CD with Excel(R) workbooks and add-ins wherestudents actually do econometrics –running Monte Carlo simulations,regressions, and other procedures in thefamiliar environment of Excel (R). Website support can be found atwww.wabash.edu/econometrics.Contents: 1. Introduction;Part I. Description: 2. Correlation; 3. Pivottables; 4. Computing regression;5. Interpreting regression; 6. Functionalform; 7. Multivariate regression; 8. Dummyvariables; Part II. Inference: 9. Monte Carlosimulation; 10. Inferential statistics review;11. Measurement box model;12. Comparing two populations; 13. Theclassical econometric model; 14. The GaussMarkov theorem; 15. Understanding thestandard error; 16. Hypothesis testing andconfidence intervals; 17. F tests;18. Omitted variable bias;19. Heteroskedasticity; 20. Autocorrelation;21. The series topics; 22. Dummy dependentvariables; 23. Bootstrap; 24. Simultaneousequations.

2006 253 x 177 mm 800pp 4 tables978 0 521 84319 5 (0 521 84319 7)Hardback £40.00 Publication February 2006

z For more information visit our websitewww.cambridge.org/barreto

Econometric Theoryand PracticeFrontiers of Analysis andApplied ResearchEdited by Dean CorbaeUniversity of Texas, Austin

Steven N. DurlaufUniversity of Wisconsin, Madison

and Bruce E. HansenUniversity of Wisconsin, Madison

This book is a collection of essayswritten in honor of Professor Peter C. B.Phillips of Yale University by some of hisformer students. The essays analyze anumber of state of the art issues ineconometrics, all of which Professor

Phillips has directly influenced throughhis seminal scholarly contribution aswell as through his remarkableachievements as a teacher. The essaysare organized to cover topics in higher-order asymptotics, deficient instruments,nonstationary, LAD and quantileregression, and nonstationary panels.These topics span both theoretical andapplied approaches.

2006 228 x 152 mm 384pp 30 tables978 0 521 80723 4 (0 521 80723 9)Hardback c. £45.00 Publication February 2006

A Concise Introductionto EconometricsAn Intuitive GuidePhilip Hans FransesErasmus Universiteit Rotterdam

Assuming only basic familiarity withmatrix algebra and calculus the book isan ideal introduction for students ofeconometrics. Focusing on a limitednumber of the most widely usedmethods, the book reviews the basics ofeconometrics and ends with seven casestudies drawn from recent empiricalwork.Contents: 1. Introduction; 2. A few basictools; 3. Econometrics, a guided tour;4. Seven case studies; 5. Conclusion;6. References; 7. Bibliography.

2002 216 x 138 mm 130pp 5 linediagrams 5 tables978 0 521 81769 1 (0 521 81769 2)Hardback £40.00 978 0 521 52090 4 (0 521 52090 8)Paperback £13.99

Identification andInference forEconometric ModelsEssays in Honor of ThomasRothenbergEdited by Donald W. K. AndrewsYale University, Connecticut

and James H. StockHarvard University, Massachusetts

The chapters cover four themes:identification and efficient estimation ineconometrics, asymptoticapproximations to the distributions ofeconometric estimators and tests,inference involving potentiallynonstationary time series, such asprocesses that might have a unitautoregressive root, and nonparametricand semiparametric inference.

2005 228 x 152 mm 592pp 47 linediagrams 70 tables978 0 521 84441 3 (0 521 84441 X)Hardback £45.00

Econometrics

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TEXTBOOK

EconometricFoundationsRon C. MittelhammerWashington State University

George G. JudgeUniversity of California, Berkeley

and Douglas J. MillerPurdue University, Indiana

This course provides a completeworking knowledge of a rich set ofestimation and inference tools, includingtraditional likelihood based and non-traditional non-likelihood basedprocedures, that can be used inconjunction with the computer toaddress economic problems. Theaccompanying CD-ROM offers furtherreading, manuals, software, andsolutions. An electronic tutorial isavailable separately.‘The authors of EconometricFoundations are to be congratulatedfor their comprehensive and clearpresentation of old and neweconometric methods along with manyinteresting and relevant applications.This fine blend of theory andapplication makes this text particularlyuseful and appealing.’Arnold Zellner, University of Chicago

2000 228 x 152 mm 784pp 5 linediagrams 32 tables978 0 521 62394 0 (0 521 62394 4)Pack with CD-ROM £55.00

TEXTBOOK

Non-Linear Time SeriesModels in EmpiricalFinancePhilip Hans FransesErasmus Universiteit Rotterdam

and Dick van DijkErasmus Universiteit Rotterdam

Reviews recently developed non-lineartime series models, and theirapplications to financial markets.Contents: 1. Introduction; 2. Someconcepts in Time Series analysis; 3. Regime-switching models for returns; 4. Regime-Switching models for Volatility; 5. Artificialneural networks for returns; 6. Conclusion.

2000 247 x 174 mm 296pp 51 tables44 figures978 0 521 77965 4 (0 521 77965 0)Paperback £24.99

Statistics,Econometrics andForecastingArnold ZellnerUniversity of Chicago

This book is based on two lecturesgiven as part of The Stone Lectures inEconomics. The first part of the bookdeals with the broader issues involvedin Stone’s and others’ work in statistics,econometrics and forecasting anddescribes the paradigm shift back to theBayesian approach to scientificinference. The latter deals in more detailwith the structural econometric timeseries analysis (SEMTSA) approach tostatistical and econometric modeling.Written by one of the foremostpractitioners of econometrics, this bookwill have wide academic andprofessional appeal.The Stone Lectures in Economics

2004 216 x 138 mm 182pp 9 linediagrams 13 tables978 0 521 83287 8 (0 521 83287 X)Hardback £45.00 978 0 521 54044 5 (0 521 54044 5)Paperback £17.99

EconometricExercises

NEW TEXTBOOK

Matrix AlgebraKarim M. AbadirImperial College of Science, Technology andMedicine, London

and Jan R. MagnusUniversiteit van Tilburg

‘These authors have achieved theremarkable feat of writing a textbookof matrix algebra cunningly concealedas a structured sequence of exercisesand worked answers. The book shouldprove popular with students intent onteaching themselves and withinstructors who wish to set challengingand educative exercises. Recommendedunequivocally to all parties.’Dr Stephen Pollock, Queen Mary College

‘Useful as a text or reference, it isclearly written and very thorough.Besides basic topics, excellenttreatment of matrix inequalities,vectorization, and matrix calculus. Itbelongs on every econometricians’sbookshelf.’Professor Peter Schmidt, Michigan StateUniversity

Contents: 1. Vectors: 1.1 Real vectors;1.2 Complex vectors; 2. Matrices: 2.1 Realmatrices; 2.2 Complex matrices; 3. Vectorspaces: 3.1 Complex and real vector spaces;

3.2 Inner-product space; 3.3 Hilbert space;4. Rank, inverse, and determinant:4.1 Rank; 4.2 Inverse; 4.3 Determinant;5. Partitioned matrices: 5.1 Basic resultsand multiplication relations; 5.2 Inverses;5.3 Determinants; 5.4 Rank (in)equalities;5.5 The sweep operator; 6. Systems ofequations: 6.1 Elementary matrices;6.2 Echelon matrices; 6.3 Gaussianelimination; 6.4 Homogeneous equations;6.5 Nonhomogeneous equations;7. Eigenvalues, eigenvectors, andfactorizations: 7.1 Eigenvalues andeigenvectors; 7.2 Symmetric matrices;7.3 Some results for triangular matrices;7.4 Schur’s decomposition theorem and itsconsequences; 7.5 Jordan’s decompositiontheorem; 7.6 Jordan chains and generalizedeigenvectors; 8. Positive (semi)definite andidempotent matrices: 8.1 Positive(semi)definite matrices; 8.2 Partitioning andpositive (semi)definite matrices;8.3 Idempotent matrices; 9. Matrixfunctions: 9.1 Simple functions; 9.2 Jordanrepresentation; 9.3 Matrix-polynomialrepresentation; 10. Kronecker product, vec-operator, and Moore-Penrose inverse:10.1 The Kronecker product; 10.2 The vec-operator; 10.3 The Moore-Penrose inverse;10.4 Linear vector and matrix equations;10.5 The generalized inverse; 11. Patternedmatrices, commutation and duplicationmatrix: 11.1 The commutation matrix;11.2 The symmetrizer matrix; 11.3 The vec-operator and the duplication matrix;11.4 Linear structures; 12. Matrixinequalities: 12.1 Cauchy-Schwarz typeinequalities; 12.2 Positive (semi)definitematrix inequalities; 12.3 Inequalities derivedfrom the Schur complement;12.4 Inequalities concerning eigenvalues;13. Matrix calculus: 13.1 Basic properties ofdifferentials; 13.2 Scalar functions;13.3 Vector functions; 13.4 Matrixfunctions; 13.5 The inverse;13.6 Exponential and logarithm;13.7 The determinant; 13.8 Jacobians;13.9 Sensitivity analysis in regressionmodels; 13.10 The Hessian matrix;13.11 Least squares and best linearunbiased estimation; 13.12 Maximumlikelihood estimation; 13.13 Inequalitiesand equalities.Econometric Exercises, 1

2005 228 x 152 mm 488pp 9 linediagrams978 0 521 82289 3 (0 521 82289 0)Hardback £50.00 978 0 521 53746 9 (0 521 53746 0)Paperback £22.99

z For more information visit our websitewww.cambridge.org/abadir

Econometrics


8

Themes in ModernEconometrics

Introduction to theMathematical andStatistical Foundationsof EconometricsHerman J. BierensPennsylvania State University

Intended for use in a rigorousintroductory PhD level course ineconometrics, or a field course ineconometric theory, this book covers themeasure-theoretical foundation ofprobability theory, the multivariatenormal distribution with its applicationto classical linear regression analysis,various laws of large numbers, andmore.Themes in Modern Econometrics


Applied Time SeriesEconometricsEdited by Helmut LütkepohlEuropean University Institute, Florence

and Markus KrätzigHumboldt-Universität zu Berlin

The cointegration revolution has had asubstantial impact on applied analysis.The methods for conducting thisanalysis are sketched out, reminding thereader of the ideas underlying them andgiving sufficient background forempirical work. The treatment can beused as a textbook for courses onapplied time series econometrics.Themes in Modern Econometrics


TEXTBOOK

Econometrics ofQualitative DependentVariablesChristian GourierouxCREST-INSEE, Paris

Translated by Paul B. KlassenContents: 1. Introduction; 2. The simpledichotomy; 3. Modelling; 4. Estimationmethods and tests; 5. The log-linear modeland its applications; 6. Qualitative panel

data; 7. The Tobit model; 8. Models ofmarket disequilibrium; 9. Truncatedvariables in simultaneous equations;10. Simultaneous equation systems; 11. ThePoisson model; 12. Models of duration.Themes in Modern Econometrics


TEXTBOOK

Unit Roots,Cointegration, andStructural ChangeG. S. Maddalaand In-Moo KimSung Kyun Kwan University, Seoul

A comprehensive review of unit roots,cointegration and structural changefrom a best-selling author.Themes in Modern Econometrics

1999 228 x 152 mm 523pp 21 tables8 graphs978 0 521 58782 2 (0 521 58782 4)Paperback £24.99

Econometric SocietyMonographs

Democracy, Education,and EqualityGraz-Schumpeter LecturesJohn E. RoemerYale University, Connecticut

This study asks whether democracy,modeled as competition betweenpolitical parties that represent differentinterests in the polity, will result ineducational funding policies that will, atleast eventually, produce citizens whohave equal capacities (human capital),thus breaking the link between familybackground and child prospects. Severalmodels of the problem are studied,which vary according to the educationaltechnology posited, i.e. the relationshipbetween family inputs, school inputs,and the eventual human capital of theadult the child becomes.Econometric Society Monographs, 40

2006 228 x 152 mm 192pp 23 tables978 0 521 84665 3 (0 521 84665 X)Hardback c. £40.00 978 0 521 60913 5 (0 521 60913 5)Paperback c. £14.99 Publication February 2006

Quantile RegressionRoger KoenkerUniversity of Illinois, Urbana-Champaign

Quantiles provide a natural descriptionof statistical variability in diversepopulations; quantile regression offers aunified statistical methodology forstudying how these measures ofdiversity depend upon other influences.Econometric Society Monographs, 38

2005 228 x 152 mm 366pp 63 linediagrams 13 tables 20 exercises978 0 521 84573 1 (0 521 84573 4)Hardback £45.00 978 0 521 60827 5 (0 521 60827 9)Paperback £19.99

Population Issues inSocial Choice Theory,Welfare Economics,and EthicsCharles BlackorbyUniversity of Warwick

Walter BossertUniversité de Montréal

and David J. DonaldsonUniversity of British Columbia, Vancouver

This book presents an exploration of theidea of the common or social good,extended so that alternatives withdifferent populations can be ranked. Theapproach is, in the main, welfarist,basing rankings on the well-being,broadly conceived, of those who arealive (or ever lived).Econometric Society Monographs, 39


THREE VOLUME SET

Advances in Economicsand Econometrics:Theory andApplicationsEighth World CongressEdited by Mathias DewatripontUniversité Libre de Bruxelles

Lars Peter HansenUniversity of Chicago

and Stephen J. TurnovskyUniversity of Washington

This is a set of three volumes containingedited versions of papers andcommentaries presented in invitedsymposium sessions of the Eighth WorldCongress of the Econometric Society.The papers summarize and interpret

Econometrics

9

recent key developments and discussfuture directions in a wide range oftopics in economics and econometrics.Econometric Society Monographs

2003 228 x 152 mm 1088pp978 0 521 81875 9 (0 521 81875 3)3 Volume Set (Hardback) £170.00 978 0 521 52414 8 (0 521 52414 8)3 Volume Set (Paperback) £60.00

TWO VOLUME SET

NOBEL PRIZE WINNER

Essays in EconometricsCollected Papers of Clive W. J.GrangerEdited by Eric GhyselsUniversity of North Carolina, Chapel Hill

Norman R. SwansonTexas A & M University

and Mark WatsonRutgers University

These essays by Clive W. J. Granger,span more than four decades andexplore topics in spectral analysis,seasonality, nonlinearity, methodology,forecasting, causality, integration andcointegration, and long memory. Theintroduction places the essays in contextand demonstrates their enduring value.Econometric Society Monographs

2001 228 x 152 mm 944pp 77 linediagrams 125 tables978 0 521 80407 3 (0 521 80407 8)2 Volume Hardback Set £150.00 978 0 521 79697 2 (0 521 79697 0)2 Volume Paperback Set £55.00

JOURNAL

Econometric TheoryEditor: Peter C. B. PhillipsYale University

Econometric Theory is an internationaljournal dedicated to advancingtheoretical research in econometrics. Thejournal provides an authoritative,centralized, professional outlet fororiginal contributions in all of the majorareas of econometrics. As well asperiodic book reviews and articles thatembody original theoretical research,the journal publishes historical studieson the evolution of econometric thoughtand on major scholars. EconometricTheory also serves an educational roleby the inclusion of an on-going‘Problems and Solutions’ series and by‘ET Interviews’ with pre-eminentscholars in the field.

http://journals.cambridge.org/jid_ECT

SubscriptionsVolume 22 in 2006: February, April, June,August, October and DecemberInstitutions print and electronic: £342/$559Institutions electronic only: £290/$475Individuals print plus electronic: £116/$190Students: £52/$84Member rates available - please enquirePrint ISSN 0266-4666Electronic ISSN 1469-4360

MathematicalMethods andProgramming

GRADUATE TEXTBOOK

Applied ChoiceAnalysisA PrimerDavid A. HensherUniversity of Sydney

John M. RoseUniversity of Sydney

and William H. GreeneNew York University

‘I cannot imagine a better introductionto choice modeling. The authorsmanage to bring a vivid, storytellingvoice to this complex topic, withlanguage that has personality andrhythm. The various interrelatedconcepts and procedures thatconstitute choice modeling comeacross as simple and straightforward.An amazing feat. The ins-and-outs of acomputer code are also taught alongwith the statistical methods. Thisintegration of computer languagewithin the text is unusual and highlyvaluable, giving readers all the stepsthat are needed to implement themethods on their own data.’Kenneth Train, Adjunct Professor, Department ofEconomics, University of California, Berkeley

Contents: Preface; 1. In the beginning;2. Basic notations of statistics; 3. Choosing;4. Paradigms of choice data; 5. Processes insetting up stated choice experiments;6. Choices in data collection; 7. Nlogit forapplied choice analysis: a primer;8. Handling choice data; 9. Case study:model choice data; 10. Getting startedmodelling: the workhorse - MNL;11. Getting more from your model;12. Practical issues in the application ofchoice models; 13. Allowing for similarity ofalternatives; 14. Nested logit estimation;15. The mixed logit model; 16. Mixed logitestimation; Nlogit terms and commands;References; Index.

2005 247 x 174 mm 742pp 108 tables158 figures978 0 521 84426 0 (0 521 84426 6)Hardback £70.00 978 0 521 60577 9 (0 521 60577 6)Paperback £35.00

GRADUATE TEXTBOOK

Foundations ofDynamic EconomicAnalysisOptimal Control Theory andApplicationsMichael R. CaputoUniversity of Central Florida

Foundations of Dynamic EconomicAnalysis presents an introductory butthorough exposition of optimal controltheory. It is aimed at first-year andsecond-year PhD students in economics,agricultural and resource economics,operations research, managementscience, and applied mathematics.Contents: 1. Essential elements ofcontinuous time dynamic optimization;2. Necessary conditions for a simplifiedcontrol problem; 3. Concavity andsufficiency in optimal control problems;4. The maximum principle and economicinterpretations; 5. Linear optimal controlproblems; 6. Necessary and sufficientconditions for a general class of controlproblems; 7. Necessary and sufficientconditions for isoperimetric problems;8. Economic characterization of reciprocalisoperimetric problems; 9. The dynamicenvelope theorem and economicinterpretations; 10. The dynamic envelopetheorem and transversality conditions;11. Comparative dynamics via envelopemethods; 12. Discounting, current values,and time consistency; 13. Local stability andphase portraits of autonomous differentialequations; 14. Necessary and sufficientconditions for infinite horizon controlproblems; 15. The neoclassical optimaleconomic growth model; 16. A dynamiclimit pricing model of the firm; 17. Theadjustment cost model of the firm;18. Qualitative properties of infinite horizonoptimal control problems with one statevariable and one control variable;19. Dynamic programming and theHamilton-Jacobi-Bellman equation;20. Intertemporal duality in the adjustmentcost model of the firm.

2005 234 x 156 mm 592pp 47 linediagrams 1 table978 0 521 84272 3 (0 521 84272 7)Hardback £60.00 978 0 521 60368 3 (0 521 60368 4)Paperback £29.00

Mathematical Methods and Programming


10

TEXTBOOK

Statistical ModelsTheory and PracticeDavid FreedmanUniversity of California, Berkeley

‘… a modern introduction to thesubject, discusses graphical modelsand simultaneous equations amongother topics. There are plenty ofinstructive exercises and computerlabs. Especially valuable is the criticalassessment of the main ‘philosophers’stones’ in applied statistics. This isan inspiring book and a very goodread, for teachers as well as students.’Professor Gesine Reinert, Oxford University

Contents: 1. Observational studies andexperiments; 2. The regression line;3. Matrix algebra; 4. Multiple regression;5. Path models; 6. Maximum likelihood;7. The bootstrap; 8. Simultaneousequations; References; Answers toexercises; The computer labs; Appendix:sample MATLAB code; Reprints; Index.

2005 241 x 165 mm 424pp 22 tables203 exercises978 0 521 85483 2 (0 521 85483 0)Hardback £45.00 978 0 521 67105 7 (0 521 67105 1)Paperback £19.99

FORTHCOMING

Designing EconomicMechanismsLeonid HurwiczUniversity of Minnesota

and Stanley ReiterNorthwestern University, Illinois

A mechanism is a mathematicalstructure that models institutionsthrough which economic activity isguided and coordinated. There are manysuch institutions; markets are the mostfamiliar ones. Lawmakers, administratorsand officers of private companies createinstitutions in order to achieve desiredgoals. They seek to do so in ways thateconomize on the resources needed tooperate the institutions, and thatprovide incentives that induce therequired behaviors. This book presentssystematic procedures for designingmechanisms that achieve specifiedperformance, and economize on theresources required to operate themechanism. The systematic designprocedures are algorithms for designinginformationally efficient mechanisms.Most of the book deals with theseprocedures of design. When there arefinitely many environments to be dealtwith, and there is a Nash-implementingmechanism, our algorithms can be usedto make that mechanism into an

informationally efficient one.Informationally efficient dominantstrategy implementation is also studied.

2006 228 x 152 mm 400pp978 0 521 83641 8 (0 521 83641 7)Hardback c. £45.00 Publication July 2006

TWO VOLUME SET

Selected StatisticalPapers of Sir DavidCoxDavid CoxNuffield College, Oxford

Edited by D. J. HandImperial College of Science, Technology andMedicine, London

and A. M. HerzbergQueen’s University, Ontario

Sir David Cox is one of the seminalstatistical thinkers of the twentieth andtwenty-first centuries. This selection,organised in two volumes, containsProfessor Cox’s most important andinteresting papers published before1993. Each paper is the subject of acandid commentary by Professor Cox,written especially for this collection.

2006 253 x 177 mm 1150pp978 0 521 85816 8 (0 521 85816 X)2 Volume Set £180.00 Publication January 2006

Selected StatisticalPapers of Sir DavidCoxVolume 1: Design of Investigations,Statistical Methods and ApplicationsDavid CoxNuffield College, Oxford


and A. M. HerzbergQueen’s University, Ontario

Contents: Foreword; Preface; Part I. Designof Investigations: Design of experiments;Sampling. Part II. Statistical Methods: Pointprocess data; Binary data; Survival data;Multivariate analysis; Miscellaneous.Part III. Applications.

2006 247 x 174 mm 609pp978 0 521 84939 5 (0 521 84939 X)Hardback £100.00 Publication January 2006

Selected StatisticalPapers of Sir DavidCoxVolume 2: Foundations of StatisticalInference, Theoretical Statistics, Time Seriesand Stochastic ProcessesDavid CoxNuffield College, Oxford


and A. M. HerzbergQueen’s University, Kingston

Contents: Foreword; Preface;Part IV. Foundations of Statistical Inference:Part V. Theoretical Statistics: Part VI. TimeSeries: Part VII. Stochastic Processes:Publications of Sir David Cox.

2006 247 x 174 mm 587pp978 0 521 84940 1 (0 521 84940 3)Hardback £100.00 Publication January 2006

z For a full listing of papers visit www.cambridge.org/cox_papers

FORTHCOMING

Statistics for Real-LifeSample SurveysNon-Simple-Random Samplesand Weighted DataSergey DorofeevRoy Morgan International

and Peter GrantRoy Morgan Research

Samples used in social and commercialsurveys are usually less random thanmany people using them realise … orhave been taught to analyse. This book,for practising researchers, introduces thechallenges posed by less-than-perfectsamples, giving background knowledge,practical guidance and, above all,realistic and implementable solutions.

2006 247 x 174 mm 300pp 10 linediagrams 20 tables978 0 521 85803 8 (0 521 85803 8)Hardback c. £55.00 978 0 521 67465 2 (0 521 67465 4)Paperback c. £24.99 Publication June 2006

GRADUATE TEXTBOOK

Essentials of StatisticalInferenceG. A. YoungImperial College London

and R. L. SmithUniversity of North Carolina, Chapel Hill

Aimed at advanced undergraduates andgraduate students in mathematics andrelated disciplines, this engagingtextbook gives a concise account of themain approaches to inference, with


11

particular emphasis on the contrastsbetween them. It is the first textbook tosynthesize contemporary material oncomputational topics with basicmathematical theory.Contents: Preface; Introduction; 1. Decisiontheory; 2. Bayesian methods; 3. Hypothesistesting; 4. Special models; 5. Sufficiency andcompleteness; 6. Two-sided tests andconditional inference; 7. Likelihood theory;8. Higher-order theory; 9. Predictiveinference; 10. Bootstrap methods;References; Index.Cambridge Series in Statistical andProbabilistic Mathematics, 16

2005 262 x 182 mm 236pp 92 exercises27 figures978 0 521 83971 6 (0 521 83971 8)Hardback £30.00

TEXTBOOK

Elements ofDistribution TheoryThomas A. SeveriniNorthwestern University, Illinois

This detailed introduction uses nomeasure theory, making it suitable forstudents in statistics and econometricsand for researchers who use statisticalmethods. Topics range from the basicdistribution and density functions,expectation, conditioning, characteristicfunctions, cumulants, convergence, andthe central limit theorem toexchangeability, orthogonal polynomials,and saddlepoint approximations.Contents: 1. Properties of probabilitydistributions; 2. Conditional distributionsand expectation; 3. Characteristic functions;4. Moments and cumulants; 5. Parametricfamilies of distributions; 6. Stochasticprocesses; 7. Distribution theory forfunctions of random variables; 8. Normaldistribution theory; 9. Approximation ofintegrals; 10. Orthogonal polynomials;11. Approximation of probabilitydistributions; 12. Central limit theorems;13. Approximation to the distributions ofmore general statistics; 14. Higher-orderasymptotic approximations.Cambridge Series in Statistical andProbabilistic Mathematics

2005 253 x 177 mm 528pp 10 tables354 exercises978 0 521 84472 7 (0 521 84472 X)Hardback £35.00

GRADUATE TEXTBOOK

Discrete ChoiceMethods withSimulationKenneth E. TrainUniversity of California, Berkeley

‘An outstanding textbook foradvanced students and areference for experienced practitionersof discrete choice analysis. The textcovers modern simulation methodsthat advanced choice modelers shouldknow. The book is blessed by KennethTrain’s unique gift for simplifying andexplaining the topic.’Moshe Ben-Akiva, Massachusetts Institute ofTechnology

Contents: 1. Introduction: Part I. BehavioralModels: 2. Properties; 3. Logit; 4. GEV;5. Probit; 6. Mixed logit; 7. Variations on atheme; Part II. Esitmation: 8. Numericalmaximization; 9. Drawing from densities;10. Simulation-assisted estimation;11. Individual-level parameters;12. Bayesian procedures.


TEXTBOOK

An Introduction toEconomic DynamicsRonald ShoneUniversity of Stirling

Contents: Preface; 1. Introduction;2. Demand and supply dynamics; 3. SimpleKeynesian dynamics; 4. Constructingtrajectories in the phase plane; 5. IS-LMdynamics; 6. Inflation-unemploymentdynamics; 7. Dynamics of the firm;8. Saddles and rational expectations;9. Fiscal dynamics and the MaastrichtTreaty; 10. A little bit of chaos; Briefanswers to selected exercises; Furtherreading.

2001 247 x 174 mm 236pp 5 half-tones3 tables 121 figures978 0 521 80034 1 (0 521 80034 X)Hardback £55.00 978 0 521 80478 3 (0 521 80478 7)Paperback £19.99

GRADUATE TEXTBOOK

Economic DynamicsPhase Diagrams and theirEconomic ApplicationSecond editionRonald ShoneUniversity of Stirling

Contents: Part I: 1. Introduction;2. Continuous dynamic systems;3. Discrete dynamic systems; 4. Systems offirst-order differential equations; 5. Discretesystems of equations; 6. Optimal controltheory; 7. Chaos theory; Part II: 8. Demandand supply models; 9. Dynamic theory ofoligopoly; 10. Closed economy dynamics;11. The dynamics of inflation andunemployment; 12. Open economydynamics: sticky price models; 13. Openeconomy dynamics; 14. Population models;15. The dynamics of fisheries.

2002 247 x 174 mm 722pp 245 figures978 0 521 81684 7 (0 521 81684 X)Hardback £95.00 978 0 521 01703 9 (0 521 01703 3)Paperback £38.00

Visithttp://uk.cambridge.org/resources/0521017033

TEXTBOOK

Nonlinear DynamicsA PrimerAlfredo MedioUniversita Ca’Foscari, Venezia

and Marji LinesUniversità degli Studi di Udine, Italy

Contents: 1. Statics and dynamics: someelementary concepts; 2. Review of linearsystems; 3. Stability of fixed points;4. Invariant and attracting sets, periodic andquasiperiodic orbits; 5. Local bifurcations;6. Chaotic sets and chaotic attractors;7. Characteristic exponents, fractals,homoclinic orbits; 8. Transition to chaos;9. The ergodic approach; 10. Deterministicsystems and stochastic processes.

2001 247 x 174 mm 314pp 80 figures978 0 521 55186 1 (0 521 55186 2)Hardback £70.00 978 0 521 55874 7 (0 521 55874 3)Paperback £26.00

Spatial Models ofParliamentary VotingKeith T. PooleUniversity of California, San Diego

This book presents a geometric votingmodel for analyzing parliamentary rollcall data. Each legislator is representedby one point and each roll call isrepresented by two points thatcorrespond to the policy consequencesof voting Yea or Nay. On every roll call



12

each legislator votes for the closeroutcome point, at least probabilistically.These points form a spatial map thatsummarizes the roll calls. These mapscan be used to study a wide variety oftopics related to legislative voting.Analytical Methods for Social Research


Microeconomics

TEXTBOOK

NEW EDITION

Price Theory andApplicationsDecisions, Markets, andInformationSeventh editionJack HirshleiferAmihai GlazerUniversity of California, Irvine

and David HirshleiferOhio State University

‘This seventh edition of a now classictext in intermediate microeconomicsdevelops the subject in a lively mannerthat should be attractive to bothstudents and teachers alike … This isarguably one of the few bestintermediate level microeconomicstextbooks around.’Abhinay Muthoo, University of Essex

‘Price Theory and Applications is aclassic, but one that refreshes itselfwith every edition. Now, as ever, it hastwo particular strengths. One is inteaching the reader how to think likean economist, at a level bothelementary and deep. The other is inits many examples drawn from thebest and latest economic research.’Eric Rasmusen, Indiana University

‘For coverage, clarity, and cleverness,this is the best microeconomic bookavailable today. Its engagingexamples illustrate the importance andbeauty of microeconomics. The bookhighlights relevancy withoutcompromising rigor.’Todd Sandler, University of Southern California

Contents: 1. The nature and scope ofeconomics; 2. Working tools; 3. Utility andpreference; 4. Consumption and demand;5. Applications and extensions of demandtheory; 6. The business firm; 7. Equilibriumin the product market – competitiveindustry; 8. Monopolies, cartels, andnetworks; 9. Product quality and product

variety; 10. Competition among the few:oligopoly and strategic behavior;11. Dealing with uncertainty – theeconomics of risk and information; 12. Thedemand for factor services; 13. Resourcesupply and factor-market equilibrium;14. Exchange, transaction costs, and money;15. The economics of time; 16. Welfareeconomics: the market and the state;17. Government, politics, and conflict

2005 253 x 177 mm 632pp 187 linediagrams 102 tables978 0 521 81864 3 (0 521 81864 8)Hardback £60.00

NEW GRADUATE TEXTBOOK

Microeconomics forMBAsThe Economic Way of Thinkingfor ManagersRichard B. McKenzieUniversity of California, Irvine

and Dwight R. LeeUniversity of Georgia

This is the first textbook inmicroeconomics written exclusively forMBA students. Throughout the book,McKenzie and Lee infuse students withthe economic way of thinking in thecontext of a host of problems that MBAstudents, as future managers of real-world firms, will find relevant to theircareer goals.‘The text is a masterful extension ofMcKenzie and Lee’s considerabletalents in applying the economic wayof thinking to literally every aspect ofhuman behavior and makes asignificant contribution to the scienceof managing people in the firm setting.They offer far more coverage on publicpolicy than the traditional managerialeconomics text and solid explanationsof the actual human behavior ‘behindthe curves’. This is a ‘must see’ forfaculty teaching the MBAs.’ J. R. Clark, Probasco Chair, The University OfTennessee/Chattanooga

Contents: 1. Microeconomics, a way ofthinking about business; 2. Competitiveproduct markets and firm decisions;3. Principles of rational behaviour at workin society and business; 4. The logic ofgroup behaviour in business and elsewhere;5. Government controls: how managementincentives are affected; 6. Reasons for firmincentives; 7. Consumer choice and demandin traditional and network markets;8. Product costs and business decisions;9. Production cost short run and long run;10. Firm production under idealizedcompetitive conditions; 11. Monopolypower and firm pricing decisions; 12. Firmstrategy under imperfectly competitivemarket conditions and under government

regulations; 13. Competitive andmonopsonistic labor markets; 14. Problemsin collective decision making;15. International trade and finance.

2006 229 x 197 mm 650pp 16 tables123 figures978 0 521 85981 3 (0 521 85981 6)Hardback c. £45.00 Publication February 2006

FORTHCOMING

Measuring Efficiencyin Health CareAnalytic Techniques and HealthPolicyRowena JacobsUniversity of York

Peter C. SmithUniversity of York

and Andrew StreetUniversity of York

The pursuit of efficiency has become acentral objective of policymakers withinmost health systems. This bookexamines the relevance of two analytictechniques widely advocated as meansof measuring the comparative efficiencyof health care organizations – dataenvelopment analysis and stochasticfrontier analysis. These techniques havebeen deployed in countless health caresettings, but contain manymethodological pitfalls. This book leadsthe reader through the basic elementsof the methods, and offers a criticalassessment of their strengths andlimitations when deployed in practicalhealth care applications.

2006 228 x 152 mm 175pp 42 tables38 figures978 0 521 85144 2 (0 521 85144 0)Hardback c. £25.00 Publication June 2006

The Economics ofInformationTechnologyAn IntroductionHal R. VarianUniversity of California, Berkeley

Joseph FarrellUniversity of California, Berkeley

and Carl ShapiroUniversity of California, Berkeley

A concise and accessible review of someof the important economic factorsaffecting information technologyindustries. An ideal introduction forundergraduate and graduate students ineconomics, business strategy, law andrelated areas.

Microeconomics

13

Raffaele Mattioli Lectures2004 216 x 138 mm 112pp 4 figures978 0 521 84415 4 (0 521 84415 0)Hardback £35.00 978 0 521 60521 2 (0 521 60521 0)Paperback £13.99

GRADUATE TEXTBOOK

Putting AuctionTheory to WorkPaul MilgromStanford University, California

This book provides acomprehensive introduction to modernauction theory and its important newapplications.‘One of the recent revolutions ineconomics is an understanding thatmarkets do not automatically workwell. Design matters, and the Federalcommunications commission spectrumauction design that Milgrom pioneeredkicked off a new era of market designusing economic theory to make realmarkets work better. Now Milgrommakes the underlying ideas andtheories more widely accessible – soother markets too will reap thebenefits of these insights.’Joseph Stiglitz, Nobel Laureate, ColumbiaUniversityChurchill Lectures in Economics


www.cambridge.org/milgrom

Frontiers in AppliedGeneral EquilibriumModelingIn Honor of Herbert ScarfEdited by Timothy J. KehoeUniversity of Minnesota

T. N. SrinivasanYale University, Connecticut

and John WhalleyUniversity of Western Ontario

This volume brings together twelvepapers by many of the most prominentapplied general equilibrium modelershonoring Herbert Scarf. The contributorsdiscuss some traditional as well as somenewer topics in the field, including non-convexities in economy-wide models,tax policy, developmental modeling andenergy modeling.

2005 228 x 152 mm 448pp978 0 521 82525 2 (0 521 82525 3)Hardback £50.00

Group Formation inEconomicsNetworks, Clubs, and CoalitionsEdited by Gabrielle DemangeDELTA, Paris

and Myrna WoodersUniversity of Warwick

Broad and diverse ranges of activitiesare conducted within and by organizedgroups of individuals, including political,economic and social activities. Thepurpose of this volume is to introducethe reader to game-theoretic treatmentsof group formation.


TEXTBOOK

Competition PolicyTheory and PracticeMassimo MottaEuropean University Institute, Florence

The first book offering a systematictreatment of the economics of antitrustor competition policy.‘Massimo Motta has filled a majorlacuna by providing a comprehensivetreatment of the modern theory ofantitrust/competition policy. Hemasterfully blends theory and E.U. casesto produce a treatise that works at boththe undergraduate and graduate levels,serves as a valuable resource forworking economists, and is readable tomany non-economists. In addition, byoffering his own judicious views on thestate of competition policy, heencourages the reader to go beyonddigesting current knowledge and tothink critically. A course on U.S. antitrusteconomics could do no better than toassign this text while complementing itwith a collection of U.S. cases.’Joseph Harrington, Johns Hopkins University


TEXTBOOK

Economics and theTheory of GamesFernando Vega-RedondoUniversidad de Alicante

This textbook is geared towardsintermediate and advanced students ofeconomics and other social scienceswho seek a rigorous, self-containedapproach to the field of game theory. Itsfirst part covers the main topics in so-

called ‘classical’ game theory. Its secondpart addresses the more novel areas ofthe discipline.


TEXTBOOK

The Economics ofNetwork IndustriesOz ShyUniversity of Haifa, Israel

‘The Economics of Network Industriesis the first textbook devotedexclusively to the analysis of marketsin which the utility of consumersincreases with the number of otherspurchasing the same (i.e. compatible)product.’Managerial and Decision Economics

Contents: 1. Introduction; 2. The hardwareindustry; 3. The software industry;4. Technology, advance, andstandardization; 5. Telecommunication;6. Broadcasting; 7. Markets for information;8. Banks and money; 9. The airline industry:social interaction; 10. Other networks;Appendices: A. Normal-form games;B. Extensive-form games; C. Undercut-proofequilibria.


Macroeconomicsand MonetaryEconomics

TheInternationalisation ofAsset Ownership inEuropeEdited by Harry HuizingaUniversiteit van Tilburg

and Lars JonungEuropean Commission, Brussels

An authoritative analysis of theevolution and impact of foreignownership of assets in Europe today.This book examines some of the majorchallenges foreign ownership poses topolicy-makers at the European-wide aswell as national levels. It is one of thefirst in-depth studies of Europeanfinancial market integration.

Macroeconomics and Monetary Economics


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‘This wide-ranging volume provides awealth of information on theeconomics of foreign ownership inEurope. Required reading for anyonewishing to understand how financialintegration is reshaping the Europeaneconomy.’Philip Lane, Professor of InternationalMacroeconomics, Director IIIS, Trinity CollegeDublin

‘The single market and the euro havehad spectacular effects on inflationand interest rates across Europe. Buthow are these changes affectinginvestor behavior and the efficiency ofresource allocation? The paperscollected by Huizinga and Jonungprovide the best starting point foranyone seeking to answer thesedifficult questions and to understandhow financial market outcomes andhence European growth and welfareare being reshaped.’Barry Eichengreen, George C. Pardee and HelenN. Pardee Professor of Economics and PoliticalScience, University of California, Berkeley

2005 228 x 152 mm 331pp 56 tables53 figures978 0 521 85295 1 (0 521 85295 1)Hardback £55.00

Imperfect Knowledgeand Monetary PolicyVítor GasparEuropean Central Bank, Frankfurt

Otmar IssingEuropean Central Bank, Frankfurt

Oreste TristaniEuropean Central Bank, Frankfurt

and David VestinEuropean Central Bank, Frankfurt

Based on lectures given as part of TheStone Lectures in Economics, this bookdiscusses the problem of formulatingmonetary policy in practice, under theuncertain circumstances whichcharacterize the real world. How shouldcentral banks set monetary policy? Inwhich way should they take uncertaintyinto account when designing amonetary policy strategy? Should theyrespond to shocks aggressively orcautiously? These questions arediscussed both with reference to theexperience of the Bundesbank and ofthe European Central Bank and inrelation to a simple stylized economicmodel.‘Uncertainty is the one constant facingcentral bankers. In this fascinatingdiscussion of monetary policy makingunder uncertainty, Otmar Issing andVítor Gaspar expose the limitations ofmuch academic thinking on the subjectand show how the ECB’s monetarystrategy represents a pragmatic

response to the problems thrown upby our inevitably imperfect knowledgeof the economy.’Charles Bean, Chief Economist & ExecutiveDirector, Bank of EnglandThe Stone Lectures in Economics

2006 216 x 138 mm 150pp 1 table19 figures978 0 521 85486 3 (0 521 85486 5)Hardback £40.00 978 0 521 67107 1 (0 521 67107 8)Paperback £14.99 Publication January 2006

Foundations for aDisequilibrium Theoryof the Business CycleQualitative Analysis andQuantitative AssessmentCarl ChiarellaUniversity of Technology, Sydney

Peter FlaschelUniversität Bielefeld, Germany

and Reiner FrankeTechnische Universität Wien, Austria

In a non-market-clearing approach tobusiness cycle theory, this book buildsan advanced model of economicactivity, inflation and incomedistribution in a Keynesian spirit. After aqualitative analysis of the basicfeedback mechanisms, the authorscalibrate the model to the stylized factsof the business cycle in the U.S.economy. This calibrated model is usedto carry out various macroeconomicsimulation studies as well as a detailedstudy of the macroeconomic impact ofvarious monetary policy rules. It willappeal both to theorists and to appliedand policy economists.‘Chiarella, Flaschel, and Franke havehoned traditional stability analysis ofaggregative macroeconomic modelsinto an astonishingly penetratingcritical tool. Their dispassionate andbalanced study of currentmacroeconomic approaches throwsmuch light on the conceptualcontradictions that trouble this field,and motivate their suggested remedy,a return to a thorough disequilibriumdynamics in the tradition of Keynes,Metzler, and Goodwin. No seriousstudent of mathematicalmacroeconomics working within anyframework can afford to ignore thisresearch and its implications.’Duncan K. Foley, Leo Model Professor,Department of Economics, New SchoolUniversity


TEXTBOOK

DynamicMacroeconomicAnalysisTheory and Policy in GeneralEquilibriumEdited by Sumru AltugKoç University, Istanbul

Jagjit S. ChadhaUniversity of Cambridge

and Charles NolanUniversity of Durham

A survey of key issues relevant for theanalysis of modern dynamic economies.Contents: 1.The application of stochasticdynamic programming methods tohousehold consumption and savingdecisions: a critical survey; 2. Investmentdynamics; 3. Taxes and welfare in astochastically growing economy; 4. Recentdevelopments in the microeconomicstabilisation literature: Is price stability agood stabilisation strategy?; 5. On theinteraction of monetary and fiscal policy;6. Dynamic general equilibrium analysis: theopen economy dimension; 7. Credit frictionsand ‘sudden stops’ in small openeconomies: an equilibrium business cycleframework for emerging markets crises;8. Asset pricing in macroeconomic models;9. Labor market search and monetaryshocks; 10. On the introduction ofendogenous labor income in deterministicand stochastic endogenous growth models;11. Growth and business cycles.


FORTHCOMING

Post WalrasianMacroeconomicsBeyond the Dynamic StochasticGeneral Equilibrium ModelEdited by David ColanderMiddlebury College, VT

This collection outlines a new approachto macroeconomics that employs cuttingedge analytic techniques. The oldWalrasian approach made too manyassumptions that did not fit themacroeconomy it was describing. ThePost Walrasian approach does not makethose assumptions and thus is thebeginning of a new macroeconomics.The volume includes a historical sectionthat surveys the development ofmacroeconomics, along with technical


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sections on macro modeling, agent-based modeling and cointegrated timesseries analysis.

2006 228 x 152 mm c.375pp 9 tables978 0 521 86548 7 (0 521 86548 4)Hardback c. £40.00 978 0 521 68420 0 (0 521 68420 X)Paperback c. £16.99 Publication September 2006

TEXTBOOK

The Economics ofExchange RatesLucio SarnoUniversity of Warwick

and Mark P. TaylorUniversity of Warwick

Foreword by Jeffrey A. Frankel

Presents recent developments in theoryand empirics of exchange rateeconomics.Contents: 1. Introduction; 2. Foreignexchange market efficiency; 3. Purchasingpower parity and the real exchange rate;4. Exchange rate determination: theoriesand evidence; 5. New open economymacroeconomics; 6. Currency unions,pegged exchange rates, and target zonemodels; 7. Official intervention in theforeign exchange market; 8. Models ofcurrency crisis and speculative attack;9. Foreign exchange market microstructure.


TEXTBOOK

Modeling MonetaryEconomiesSecond editionBruce ChampFederal Reserve Bank, Cleveland

and Scott Freeman

This text teaches monetary economicsusing a simple model based onstandard microeconomics.Contents: Preface; Part I. Money:1. A simple model of money; 2. Barter andcommodity money; 3. Inflation;4. International monetary systems; 5. Pricesurprises; Part II. Banking: 6. Capital;7. Liquidity and financial intermediation;8. Central banking and the money supply;9. Money stock fluctuations; 10. Fullybacked central bank money; 11. Thepayments system; 12. Bank risk; Part III.Government Debt: 13. Deficits and thenational debt; 14. Savings and investment;15. The effect of the National Debt oncapital and savings; 16.The temptation ofinflation; References; Index.


TEXTBOOK

Macroeconomics inEmerging MarketsPeter J. MontielWilliams College, Massachusetts

This is a relatively non-technicaltextbook in macroeconomics designedspecifically for emerging economies.Contents: Part I. Overview: 1.Macroeconomics and development;Part II. A Benchmark Macroeconomic Modelfor an Emerging Economy: 2. Equilibrium inthe domestic labor and goods markets;3. Equilibrium in the financial markets;4. Short-run macroeconomic equilibrium;5. Medium-term macroeconomicequilibrium; Part III. Public Finance andMacroeconomic Performance: 6. Theintertemporal budget constraint of thepublic sector; 7. Consequences ofinsolvency I: high inflation; 8. Consequencesof insolvency II: public sector debt andeconomic growth; 9. Measures forachieving fiscal credibility I: central bankindependence; 10. Measures for achievingfiscal credibility II: privatization; Part IV. TheFinancial Sector and MacroeconomicPerformance: 11. Finance, welfare, andgrowth; 12. Financial repression;13. Financial reform, public policy, andfinancial crises; 14. Financial openness andthe sequencing of financial reform;15. Coping with capital inflows;Part V. Exchange Rate Management:16. Equilibrium real exchange rates:17. Exchange rate regimes; 18. Managingan officially-determined rate; 19. Bankingcrises and exchange rate crises;20. Domestic macroeconomic managementin emerging economies: lessons from thecrises of the nineties.


FORTHCOMING

The Structure of Post-Keynesian EconomicsThe Core Contributions of thePioneersG. C. HarcourtJesus College, Cambridge

This is a major contribution to Post-Keynesian thought. With studies of thekey pioneers, Geoff Harcourt emphasisestheir positive contributions to theoriesof distribution, pricing, accumulation,endogenous money and growth. Theappendices include biographicalsketches of the pioneers and analysis ofthe conceptual core of their discontentwith orthodox theories. Drawing on fiftyyears of teaching and research, thisbook will appeal to students interestedin alternative approaches to theoretical,applied and policy issues in economics,as well as to teachers and researchersin economics.‘Geoff Harcourt’s The Structure ofPost-Keynesian Economics gives us aunique and irreplaceable perspectiveon the development and state of post-Keynesian thought. Harcourt’s careerspans the critical years of theformation of the post-Keynesiantradition. His personal acquaintanceand intellectual interchange with thecentral figures of post-Keynesianschool, as well as his own considerablecontributions, give a special authorityand authenticity to this book. This is alabor of scholarly love both for theideas so scrupulously presented andfor the fertile minds who contributedto them.’Duncan K. Foley, Leo Model Professor,Department of Economics, New School for SocialResearch

2005 228 x 152 mm 200pp 46 figures978 0 521 83387 5 (0 521 83387 6)Hardback c. £45.00

JOURNAL

MacroeconomicDynamicsEditor: William A. BarnettUniversity of Kansas

Macroeconomic Dynamics publishestheoretical, empirical or quantitativeresearch of the highest standard. Papersare welcomed from all areas ofmacroeconomics and from all parts ofthe world. Major advances inmacroeconomics without immediatepolicy applications will also beaccepted, if they show potential forapplication in the future. Occasional



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book reviews, software reviews,announcements, conferenceproceedings, special issues, interviews,dialogues, and surveys are alsopublished. An electronic version of thejournal is published simultaneously withthe paper version, enabling immediateaccess to the best current research inmacroeconomics.

http://journals.cambridge.org/jid_MDYSubscriptions

Volume 10 in 2006: February, April, June,September and NovemberInstitutions print and electronic: £224/$362Institutions electronic only: £190/$303Individuals print plus electronic: £76/$124Students: £34/$55Member rates available - please enquirePrint ISSN 1365-1005Electronic ISSN 1469-8056

InternationalEconomics

HIGHLIGHT

NEW TEXTBOOK

Nations and Firms inthe Global EconomyAn Introduction to InternationalEconomics and BusinessSteven BrakmanRijksuniversiteit Groningen, The Netherlands

Harry GarretsenUniversiteit Utrecht, The Netherlands

Charles Van MarrewijkErasmus Universiteit Rotterdam

and Arjen Van WitteloostuijnRijksuniversiteit Groningen, The Netherlands

This is a clear and systematicintroduction to the world economy andto the theory and practice ofglobalisation. Written by experiencedtextbook writers, it provides a uniquelyintegrated approach to key concepts ininternational economics andinternational business, as well as thetheory and practice of globalisation.‘International trade and internationalbusiness have hitherto existed in twoseparate worlds – a world of nationsand a world of firms – in academicteaching and even in research. Thisbook gives us a welcome integrationof the two at the level of teaching.Students who use it will develop aunified vision that will benefit them intheir future careers, whether inbusiness, government, internationalinstitutions, or academic research.’Avinash K. Dixit, Department of Economics,Princeton University

‘This book is a remarkableachievement. It covers all the pressinginternational economic issues of ourday in an accessible yet thoroughmanner. The authors adroitly combineillustrative data and essential theoryto explain the hows and whys of tradeand trade liberalisation, the delocationof firms and multinational activity,capital flows, currency and financialcrises, and the role of internationalorganisations such as the IMF andWTO. It is appropriate for studentswithout an economics specialisationboth at the undergraduate and non-specialists graduate level, e.g. MBAand Masters of Public Administration.The facts and real-world feel of thebook make it interesting as asupplement for specialist students aswell.’Richard Baldwin, Professor of InternationalEconomics, Graduate Institute of InternationalStudies, Geneva

‘This is a fascinating book with apractical approach to internationaleconomics that enhances ourunderstanding of the globalisationprocess.’Hans-Werner Sinn, President of the Ifo Institutefor Economic Research, Munich

Contents: Tables; Figures; Boxes; Preface;Course structure; Part I. Introduction: 1. Theglobal economy; 2. International accountingpractices; Part II. Firms, Trade, and Location:3. Trade and comparative advantage;4. Trade and competitive advantage;5. Firms, location, and agglomeration;Part III. Capital, Currency, and Crises:6. International capital mobility; 7. Gainsfrom capital market integration;8. Investors, exchange rates, and currencycrises; 9. Financial crises, firms, and theopen economy; Part IV. Policy, Dynamics,and Organization: 10. Trade and capitalrestrictions; 11. Globalization and economicgrowth; 12. Nations, and organization; PartV. Conclusion: 13. Globalization: is it reallyhappening?; 14. Towards an internationaleconomics and business? References; Index.

2006 247 x 174 mm 422pp 70 tables95 figures978 0 521 83298 4 (0 521 83298 5)Hardback c. £55.00 978 0 521 54057 5 (0 521 54057 7)Paperback c. £24.99 Publication February 2006

Please visit www.cambridge.org/Brakmanfor more detailed information and onlineresources


The Economics ofEuropeLarry NealUniversity of Illinois, Urbana-Champaign

This distinctive textbook combinescomprehensive coverage of the key policyareas of the European Union withanalysis of individual countries, includingthe recent accession countries and Turkey.Written by distinguished economichistorian Larry Neal, it is ideally suited forcourses on European integration as partof either an economics or aninterdisciplinary European Studies degree.Contents: Part I. The Economics of theEuropean Union: 1. Old Europe, new Europe:the role of the European Union;2. A dispute over origins: the European viewvs. the American perspective; 3. The customsunion and the diversion of trade; 4. TheCommon Agricultural Policy and reforms:feeding Europe and then some;5. The Euro: the ultimate currency reform?;6. The European Central Bank in action;7. The single market: from eliminating non-tariff barriers to enforcing competition;8. The single market in labor: from refugeesto Schengen; 9. The single market in capital:from Bretton Woods to Maastricht; 10. TheEU’s regional policy and development policy;11. The EU and the US as economicsuperpowers compared; Part II. TheEconomies of Europe: 12. The Germaneconomy: problems with reunification;13. The French economy: problems withassimilation; 14. The British economy: afterThatcher, what next? 15. The Italian economy:political reform vs. economic reform; 16. Thesmall open countries: free trade or customsunion? 17. The Scandinavian union: orseparate ways? 18. The late-comers: lessonsin preparation; 19. The new-comers: buildinginstitutions; 20. The future members: customsunion as substitute or stage one for the EU.

2006 247 x 174 mm c.400pp978 0 521 86451 0 (0 521 86451 8)Hardback c. £50.00 978 0 521 68301 2 (0 521 68301 7)Paperback c. £22.99 Publication August 2006


Design for a NewEuropeProfessor John GillinghamUniversity of Missouri, Saint Louis

How did the process of Europeanintegration break down; how can it berepaired? In European Integration,1950–2003, John Gillingham reviewedthe history of the European project andpredicted the rejection of the Europeanconstitution. Now the world's leading

International Economics

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expert on the EU maps out a route tosave the Union. This penetrating,fiercely-argued and often witty booksubjects today's dysfunctional EuropeanUnion to critical scrutiny anddemonstrates how Europe's greatexperiment in political and economicunion can succeed only if the wave ofliberal reform now under way in thehistorically downtrodden east is allowedto sweep the prosperous andcomplacent west.

978 0521 86694 1 (0 521 86694 4 )Hardback c. £35.00 978 0521 68664 8 (0 521 68664 4)Paperback c. £12.99Publication April 2006

The Central andEastern EuropeanCountries and theEuropean UnionEdited by Michael ArtisEuropean University Institute, Florence

Anindya BanerjeeEuropean University Institute, Florence

and Massimiliano MarcellinoUniversità Commerciale Luigi Bocconi, Milan

Key aspects of the impact of the recentenlargement of the EU are analysedwith reference to the Central andEastern European countries. The bookdemonstrates that the enlargementcould have profound consequences onboth the new Member States and onthe pre-accession members of theUnion.‘The economic impacts of the recentenlargement of the European Union onboth old and new member states havecome to the forefront of politicaldebate across Europe. This timelyvolume brings clear-headed depth tothe subject, with its valuable and well-grounded analyses that draw on state-of-the art research by an internationalteam of economists.’Helen Wallace, Director, Robert Schuman Centrefor Advanced Studies, European UniversityInstitute

2006 228 x 152 mm 300pp 92 tables51 figures978 0 521 84954 8 (0 521 84954 3)Hardback £60.00 Publication April 2006

Globalization and theInternational FinancialSystemWhat’s Wrong and What Can BeDonePeter IsardInternational Monetary Fund

Provides perspectives on various aspectsof the international financial system thatcontribute to financial crises and growthfailures, and discusses the remedies thateconomists have proposed. It also shedslight on a central feature of theinternational financial system: theactivities and effectiveness of theInternational Monetary Fund.‘Peter Isard brings deep scholarshipand experience to the bewilderingarray of problems surrounding thebrave new world of globalizedinternational finance. No single volumeI know does a better job of evaluatingthe current international financialsystem and its history, and drawingsensible implications for national andglobal policy. This book will berequired reading for every seriousstudent of the world economy.’Maurice Obstfeld, University of California,Berkeley


Trade BlocsEconomics and PoliticsPravin KrishnaThe Johns Hopkins University

The first section of this book presents arudimentary and intuitive introductionto the economics of preferential tradeagreements. The following chapterspresent the author’s theoretical andempirical research on a number ofquestions surrounding the issue ofpreferential trade agreements includingthe design of necessarily welfare-improving trade blocs.Japan-US Center Sanwa Monographs onInternational Financial Markets


A World Without WallsFreedom, Development, FreeTrade and Global GovernanceMike Moore

Mike Moore’s reflection on his time asDirector-General of the World TradeOrganization is an important addition tothe globalization debate. He explainsthe thinking behind his reforms guidingthe WTO from the Seattle debacle to thesuccessful Doha meeting, offering apassionate defence of the principles offree trade.‘Mike Moore makes a strong case forthe benefits of free trade and openmarkets. But he warns that globalgovernance needs to be rethought tocope with the challenges ofglobalization. A wide ranging andthought-provoking book.’George Soros, author of George Soros onGlobalization

2003 228 x 152 mm 304pp 15 half-tones6 tables 5 graphs978 0 521 82701 0 (0 521 82701 9)Hardback £25.00

JOURNAL

World Trade ReviewEditor: Douglas A. IrwinDartmouth College, Hanover

The World Trade Review wasestablished at the initiative of theSecretariat of the World TradeOrganization (WTO) in close cooperationwith Cambridge University Press. It is anindependent journal – the Editor and allbut one member of the Editorial Boardare drawn from university faculties –that includes articles written fromeconomic, legal, political and inter-disciplinary perspectives on issues ofrelevance to the multilateral tradingsystem. Priority is given to papers that,along with being academically rigorous,are also accessible to government policyofficials and the wider public. Thejournal also includes shorter articlesseeking to rebut or challenge publishedpapers.

http://journals.cambridge.org/jid_WTRSubscriptions

Volume 5 in 2006: March, July and NovemberInstitutions print and electronic: £159/$273Institutions electronic only: £140/$240Individuals print only: £32/$48Individuals in low-income countries: £32Students: £15/$22Member rates available - please enquirePrint ISSN 1474-7456Electronic ISSN 1475-3138

International Economics


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FinancialEconomics

HIGHLIGHT

Rethinking BankRegulationTill Angels GovernJames R. BarthAuburn University, Alabama and Milken Institute

Gerard Caprio Jr.Williams College, Massachusetts

and Ross LevineBrown University, Rhode Island

This volume assembles and presents anew database on bank regulation inover 150 countries (included also onCD), conducts the first, comprehensivecross-country assessment of the impactof bank regulation on the operation ofbanks, and assesses the validity of theBasel committee’s influential approachto bank regulation. It provides anempirical evaluation of the historicdebate about the proper role ofgovernment in the economy by studyingbank regulation, and analyzes the roleof politics in determining regulatoryapproaches to banking.‘This well-written and compelling bookshakes the conventional wisdom aboutbanking regulation to its foundations.It is also a model of how to dojudicious analysis of an importantpolicy question, then apply it to givereal world recommendations. Nobodyinvolved with financial and bankingpolicies, or for that matter witheconomic policy in developingcountries in general, can afford NOT toread this book.’William Easterly, New York University

‘Rethinking Bank Regulation is athought provoking study, attacking thecurrent practice of bank regulation andsupervision. Using data from morethan 150 countries, the authorsconclude that strengthening capitalstandards or empowering supervisorsdoes not boost bank efficiency, reducecorruption in lending, or lower bankingsystem fragility. They urge reforms thatwould emphasize greater disclosureand transparency in the banking sectoras well as better private sectormonitoring of banks. This is a mustread for all those interested in bankingsector reform. It will also befascinating for students of politicaleconomy.Raghuram Rajan, International Monetary Fund



The Calculus ofRetirement IncomeFinancial Models for PensionAnnuities and Life InsuranceMoshe A. MilevskyYork University, Toronto

The book introduces and develops thebasic actuarial models and underlyingpricing of life-contingent pensionannuities and life insurance from aunique financial perspective. The ideasand techniques are then applied to thereal-world problem of generatingsustainable retirement income towardsthe end of the human life-cycle. The roleof lifetime income, longevity insurance,and systematic withdrawal plans areinvestigated in a parsimoniousframework. The underlying technologyand terminology of the book are basedon continuous-time financial economicsby merging analytic laws of mortalitywith the dynamics of equity marketsand interest rates. Nonetheless, thebook requires a minimal background inmathematics and emphasizesapplications and examples more thanproofs and theorems. It can serve as anideal textbook for an applied course onwealth management and retirementplanning in addition to being areference for quantitatively-inclinedfinancial planners.

2006 228 x 152 mm 400pp 93 tables978 0 521 84258 7 (0 521 84258 1)Hardback c. £25.00 Publication May 2006

FORTHCOMING

Annuity Markets andPension ReformGeorge A. (Sandy) MackenzieInternational Monetary Fund, Washington DC

This book treats two vital but neglectedpublic policy issues: how shoulddistributions from individual accounts beregulated, and how can the market forprivate annuities function better? Itprovides a comprehensive survey of theissues that arise when contributors toindividual accounts become eligible fordistributions. It also addresses thequestions of whether annuitization orother restrictions on distributions shouldbe mandatory, and if so, can theprovision of annuities be privatized? Itsanalytical framework is applicable to abroad range of countries. Given thediminishing importance of publicpensions around the world, the growing

number of the elderly, and theincreasing importance of definedcontribution plans, the voluntarydemand for private annuities is going togrow. It is vital that annuities bereasonably priced and that the annuitymarket be effectively regulated. Thebook investigates both issues, andproposes reforms to enhance theefficiency of the annuity market.

2006 228 x 152 mm 250pp 7 tables978 0 521 84632 5 (0 521 84632 3)Hardback c. £30.00 Publication September 2006

TEXTBOOK

The Economics ofFinancial MarketsRoy E. BaileyUniversity of Essex

‘This is a very well-written andthorough presentation of the keytopics in financial economics - thebook deserves to be widely adopted insupport of courses in this dynamic areaof teaching and research.’ Peter Smith, Professor of Economics andFinance, University of York

‘Roy Bailey has written a highlyreadable and comprehensiveintroduction to financial markets. Hetakes the reader carefully throughrelevant theories before describinghow they relate to different financialmarkets. Students will benefit fromRoy Bailey’s rigorous but approachablestyle of writing.’Colin Mayer, Peter Moores Professor of Finance,Saïd Business School, University of Oxford

Contents: Preface; 1. Asset markets andasset prices; 2. Asset market microstructure;3. Predictability of prices and marketefficiency; 4. Decision making underuncertainty; 5. Portfolio selection: themean-variance model; 6. The capital assetpricing model, CAPM; 7. Arbitrage; 8. Factormodels and arbitrage pricing theory, APT;9. Empirical appraisal of the CAPM;10. Present value relationships and pricevariability; 11. Intertemporal choice andequity premium puzzle; 12. Bond marketsand fixed-interest securities; 13. Termstructure and interest rates; 14. Futuresmarkets - fundamentals; 15. Futuresmarkets - speculation and hedging;16. Futures markets – applications;17. Swap contracts and swap markets;18. Options markets: fundamentals;19. Options markets – price determination;20. Options markets – applications.

2005 246 x 189 mm 548pp 10 figures978 0 521 84827 5 (0 521 84827 X)Hardback £65.00 978 0 521 61280 7 (0 521 61280 2)Paperback £29.99

Financial Economics

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TEXTBOOK

The Cost of CapitalIntermediate TheorySeth ArmitageHeriot-Watt University, Edinburgh

A thorough exposition of the theoryrelating to the cost of capital.Contents: Preface; Part I. Expected Returnson Financial Assets: 1. The cost of capitalunder certainty; 2. Allowing for uncertainty:contingent states; 3. The capital assetpricing model and multifactor models;4. The consumption-based model; 5. Theequity risk premium; Part II. A Project’s Costof Capital: 6. Project valuation;7. Corporation tax, leverage and theweighted average cost of capital;8. Personal tax and the cost of equity: theold and the new views; 9. Personal tax,leverage and multiple tax rates;10. Inflation and risk premiums; 11. Theinternational dimension; Part III. Estimatingthe Cost of Capital: 12. The cost of equity:inference from present value; 13. The costof equity: applying the CAPM andmultifactor models; 14. Estimating aproject’s cost of capital; 15. Regulatedutilities.


Weather DerivativeValuationThe Meteorological, Statistical,Financial and MathematicalFoundationsStephen Jewsonand Anders BrixWith contributions by ChristineZiehmann‘The weather derivatives market isexciting, dynamic and growing. Thisbook is the most complete treatment Ihave seen of the many issuessurrounding valuation of weatherderivatives, starting from the basicprinciples, and then covering all thebases including meteorological dataanalysis, pricing, portfoliomanagement, incorporation offorecasts and risk management. As apractitioner in the market, I found thisbook comprehensive and excellentlywritten. Jewson and Brix have taken acomplex subject and made it bothinteresting to read and easy tounderstand. I would have no hesitationin recommending it to others, both

experts in the field and thoseapproaching the subject for the firsttime.’Gearóid Lane, Centrica


Information Efficiencyin Financial andBetting MarketsEdited by Leighton Vaughan WilliamsNottingham Trent University

This book provides a fascinating studyof the existence and extent ofinformation efficiency in financialmarkets, with a special focus on bettingmarkets. Using international examples,this is the first book to review andanalyse the issue of informationefficiency in both financial and bettingmarkets.


SIXTH EDITION

EntertainmentIndustry EconomicsA Guide for Financial AnalysisSixth editionHarold L. Vogel

The new sixth edition of Harold L.Vogel’s classic of entertainment industryeconomics now includes a section onrecent theoretical work explaining boxoffice performance. New material linkscultural capital to the organizationalaspects of the creative industries,expands coverage of music industry dealelements and sports economics.


Systemic FinancialCrisesContainment and ResolutionEdited by Patrick HonohanThe World Bank

and Luc LaevenThe World Bank

This volume considers the strengths andweaknesses of the various policyoptions for systemic financial crises,covering both microeconomic (includingrecapitalization of banks, bank closures,subsidies for distressed borrowers,capital adequacy rules and corporate

governance and bankruptcy lawrequirements) and macroeconomic(including monetary and fiscal policy)dimensions.


TEXTBOOK

An Introduction toFinancial OptionValuationMathematics, Stochastics andComputationDesmond HighamUniversity of Strathclyde

This lively textbook provides anintroduction to financial optionvaluation for undergraduates armedwith a knowledge of first year calculus.Its approach gives equal weight toapplied mathematics, stochastics andcomputations. Contains stand-aloneMATLAB code to illustrate ideas andexamples using real stock market data.Solutions available [email protected]: 1. Introduction; 2. Optionvaluation preliminaries; 3. Randomvariables; 4. Computer simulation; 5. Assetprice movement; 6. Asset price model: partI; 7. Asset price model: part II;8. Black–Scholes PDE and formulas;9. More on hedging; 10. The Greeks;11. More on the Black–Scholes formulas;12. Risk neutrality; 13. Solving a nonlinearequation; 14. Implied volatility; 15. TheMonte Carlo method; 16. The binomialmethod; 17. Cash-or-nothing options;18. American options; 19. Exotic options;20. Historical volatility; 21. Monte Carlopart II: variance reduction by antitheticvariates; 22. Monte Carlo part III: variancereduction by control variates; 23. Finitedifference methods; 24. Finite differencemethods for the Black–Scholes PDE.

2004 247 x 174 mm 296pp 120 exercises95 figures978 0 521 83884 9 (0 521 83884 3)Hardback £55.00 978 0 521 54757 4 (0 521 54757 1)Paperback £24.99

Financial Economics


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GRADUATE TEXTBOOK

Theory of FinancialRisk and DerivativePricingFrom Statistical Physics to RiskManagementSecond editionJean-Philippe BouchaudCentre Commissariat à l’Energie Atomique(CEA), Saclay

and Marc PottersCapital Fund Management

New edition of the successful financialphysics book.Contents: 1. Probability theory: basicnotions; 2. Maximum and addition ofrandom variables; 3. Continuous time limit,Ito calculus and path integrals; 4. Analysisof empirical data; 5. Financial products andfinancial markets; 6. Statistics of real prices:basic results; 7. Non-linear correlations andvolatility fluctuation; 8. Skewness and price-volatility correlations; 9. Cross-correlations;10. Risk measures; 11. Extreme correlationsand variety; 12. Optimal portfolios;13. Futures and options: fundamentalconcepts; 14. Options: hedging and residualrisk; 15. Options: the role of drift andcorrelations; 16. Options: the Black andScholes model; 17. Options: some morespecific problems; 18. Options: minimumvariance Monte Carlo; 19. The yield curve;20. Simple mechanisms for anomalous pricestatistics.


GRADUATE TEXTBOOK

Capital BudgetingFinancial Appraisal ofInvestment ProjectsDon DayanandaCentral Queensland University

Richard IronsCentral Queensland University

Steve HarrisonUniversity of Queensland

John HerbohnUniversity of Queensland

and Patrick RowlandCurtin University of Technology, Perth

This book explains the financialappraisal of capital budgeting projects.Contents: 1. Capital budgeting: anoverview; 2. Project cash flows;3. Forecasting cash flows: overview,quantitative techniques, approaches;4. Forecasting cash flows: qualitativemethods; 5. Essential Formulae in projectappraisal; 6. Project analysis undercertainty; 7. Project appraisal under risk;

8. Sensitivity and break-even analysis;9. Simulation concepts and methods;10. Case study in financial modelling andsimulation of a forestry investment;11. Resource constraints and linearprogramming; 12. More advanced linearprogramming concepts and methods;13. Financial modelling case study inforestry project evaluation; 14. Propertyinvestment analysis; 15. Forecasting andanalysing risks in property investments;16. Multinational corporations andInternational Project appraisal; Appendix A:Answers to review questions.

2002 247 x 174 mm 342pp 85 tables26 figures978 0 521 81782 0 (0 521 81782 X)Hardback £70.00 978 0 521 52098 0 (0 521 52098 3)Paperback £29.99

TEXTBOOK

Principles of FinancialEconomicsStephen F. LeRoyUniversity of California, Santa Barbara

and Jan WernerUniversity of Minnesota

Foreword by Stephen A. Ross

This graduate-level introduction linksfinancial economics with equilibriumtheory and emphasises two-datemodels.

Contents: Part I. Equilibrium andArbitrage; Part II. Valuation;Part III. Risk; Part IV. Optimal Portfolios;Part V. Equilibrium Prices andAllocations; Part VI. Mean-VarianceModels; Part VII. Multidate Models.

2001 253 x 177 mm 300pp 19 linediagrams978 0 521 58434 0 (0 521 58434 5)Hardback £50.00 978 0 521 58605 4 (0 521 58605 4)Paperback £15.99

TEXTBOOK

A Course in FinancialCalculusAlison EtheridgeUniversity of Oxford

A text for first courses in financialcalculus; lots of examples and exercises.Contents: Preface; 1. Single period models;2. Binomial trees and discrete parametermartingales; 3. Brownian motion;4. Stochastic calculus; 5. The Black-Scholesmodel; 6. Different payoffs; 7. Biggermodels; Bibliography and further reading;Notation; Index.

2002 228 x 152 mm 204pp 138 exercises14 figures978 0 521 81385 3 (0 521 81385 9)Hardback £65.00 978 0 521 89077 9 (0 521 89077 2)Paperback £24.99

TEXTBOOK

IntroductoryEconometrics forFinanceChris BrooksCass Business School, London

An introductory econometrics book forfinance students. The approach adoptedis data and problem driven, givingstudents the skills to estimate andinterpret models, while having anintuitive grasp of the underlyingtheoretical concepts. The book assumesno prior knowledge of econometrics,and covers important modern topics.Contents: 1. Introduction; 2. Econometricpackages for modelling financial data;3. A brief overview of the classical linearregression model; 4. Further issues with theclassical linear regression model;5. Univariate time series modelling andforecasting; 6. Multivariate modelling;7. Modelling long-run relationships infinance; 8. Modelling volatility andcorrelation; 9. Modelling regime shifts;10. Simulation methods; 11. Conductingempirical research in finance;12. Conclusions: recent and futuredevelopments in the modelling of financialtime series; References; Appendix. Reviewof matrix algebra, calculus, and probabilitytheory; Statistical tables.

2002 247 x 174 mm 728pp 57 tables67 figures978 0 521 79018 5 (0 521 79018 2)Hardback £80.00 978 0 521 79367 4 (0 521 79367 X)Paperback £30.00

z For more information on online resources please visitwww.cambridge.org

Financial Economics

21

JOURNAL

Journal of PensionEconomics and FinanceEditors: Jeffrey BrownUniversity of Illinois, Urbana-Champaign

J. R. BrownUniversity of Illinois at Urbana-Champaign

Steven HabermanCass Business School, City University

Moshe MilevskyYork University

and J. Michael OrszagWatson Wyatt

The Journal of Pension Economics andFinance (JPEF) is the only academicjournal focusing on the economics andfinance of pensions and retirementincome. The ageing population, togetherwith the shrinking workforce, heralds agrowing pensions crisis, which hasbecome a key public policy issue indeveloped countries and elsewhere.JPEF provides a valuable and influentialforum for international debate in thisarea.

The journal publishes original researchpapers, covering a variety of topics,including pension fund management,the regulation of pensions, and pensionsand labour markets.

http://journals.cambridge.org/jid_PEFSubscriptions

Volume 5 in 2006: March, July and NovemberInstitutions print and electronic: £106/$161Institutions electronic only: £97/$150Individuals print only: £30/$45Member rates available - please enquirePrint ISSN 1474-7472Electronic ISSN 1475-3022

PublicEconomics andPoliticalEconomy

HIGHLIGHT

The Political Economyof TerrorismWalter EndersUniversity of Alabama

and Todd SandlerUniversity of Southern California

The Political Economy of Terrorismpresents a widely accessible approachto the study of terrorism that combineseconomic methods with politicalanalysis and realities. It applieseconomic methodology – theoretical

and empirical – with political analysis tothe study of domestic and transnationalterrorism. Included in the treatment arehistorical aspects of the phenomenon, adiscussion of watershed events, the riseof modern-day terrorism, examination ofcurrent trends, the dilemma of liberaldemocracies, evaluation ofcounterterrorism, and analysis ofhostage incidents. Rational-actor modelsof terrorist and government behaviorand game-theoretic analysis arepresented for readers with no priortheoretical training. Where relevant, theauthors display graphs using the dataset International Terrorism: Attributes ofTerrorist Events (ITERATE), and otherdata sets.

2005 228 x 152 mm 275pp 30 tables978 0 521 85100 8 (0 521 85100 9)Hardback £40.00 978 0 521 61650 8 (0 521 61650 6)Paperback £14.99 Publication December 2005

FORTHCOMING

Natural Gas andGeopoliticsFrom 1970 to 2040Edited by David G. VictorStanford University

Amy M. JaffeRice University

and Mark H. HayesStanford University

By most estimates, global consumptionof natural gas – a cleaner-burningalternative to coal and oil – will doubleby 2030. However, in the areas ofhighest-expected demand (NorthAmerica, Europe, China, and South andEast Asia), the projected consumption ofgas is expected to far outstripindigenous supplies. Delivering gas fromthe world’s major reserves to the futuredemand centres will require a majorexpansion of inter-regional, cross-bordergas transport infrastructures. This bookaims to shed light on the politicalchallenges which may accompany ashift to a gas-fed world.

2006 228 x 152 mm c.350pp 40 tables73 figures978 0 521 86503 6 (0 521 86503 4)Hardback c. £50.00 Publication June 2006

Globalization, Politics,and Financial TurmoilAsia’s Banking CrisisShanker SatyanathNew York University

It focuses on the role ofmiscommunication in the financial crisesof developing nations. By examining thedeterminants of Asia’s financial crisis of1997–98, it demonstrates whydeveloping democracies are vulnerableto breakdowns in communication andoutlines the disastrous consequences ofsuch breakdowns.Political Economy of Institutions andDecisions

2005 228 x 152 mm 176pp 3 linediagrams 11 tables978 0 521 85492 4 (0 521 85492 X)Hardback £40.00

Institutions and thePath to the ModernEconomyLessons from Medieval tradeAvner GreifStanford University, California

‘Greif strips economic transactionsdown to their elements. He focuses onthe core question: who (or what) werethe watchdogs that allowed themerchants to trust one another and tobear with the princes who couldconfiscate the fruits of all theirefforts? And who (or what) were thewatchdogs’ watchdogs? Greifrepeatedly and carefully relates thesequestions to economic theory. Heillustrates them with real transactionsof medieval merchants. He takes theright approach to economicdevelopment, and thereby achieves anoriginal and important newperspective on its causes. Institutionsand the Path to the Modern Economyis a seminal work in economics and inhistory. It should be read by all socialscientists.’George A. Akerlof, 2001 Nobel Laureate inEconomics and University of California, Berkeley

‘Avner Greif’s study is a majorlandmark on the road to increasing ourunderstanding of institutions and therole that they play in economicperformance.’ Douglass C. North, 1993 Nobel Laureate inEconomicsPolitical Economy of Institutions andDecisions

2006 228 x 152 mm 488pp 7 tables978 0 521 48044 4 (0 521 48044 2)Hardback £45.00 978 0 521 67134 7 (0 521 67134 5)Paperback £19.99 Publication March 2006

Public Economics and Political Economy


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The New TransnationalActivismSidney TarrowCornell University, New York

The New Transnational Activism showshow even the most prosaic activitiescan assume broader political meaningswhen they provide ordinary people withthe experience of crossing transnationalspace. This means that we cannot besatisfied with defining transnationalactivists through the ways they think.Cambridge Studies in Contentious Politics


Taxation, WageBargaining, andUnemploymentIsabela MaresStanford University, California

In an effort to explain cross-nationaland temporal changes in employmentoutcomes, this book examines a politicalexchange between unions andgovernments, during which unionsvoluntarily agreed to pursue moderatewage settlements, while governmentsresponded with an expansion of socialpolicy transfers.Cambridge Studies in Comparative Politics

2006 228 x 152 mm 305pp 16 tables978 0 521 85742 0 (0 521 85742 2)Hardback £45.00 978 0 521 67411 9 (0 521 67411 5)Paperback £15.99 Publication April 2006

The EconomicImplications of AgingSocietiesThe Costs of Living Happily EverAfterSteven A. NyceWatson Wyatt Worldwide, Washington DC

and Sylvester J. SchieberWatson Wyatt Worldwide, Washington DC

It describes current trends in birth rates,longevity and labor force participationand productivity, the cross-border flowof capital, the globalization of labormarkets, the financial viability of socialinsurance programs, and the wayseconomic output is shared betweenworking-age and retiree populations.


Capitalism,Democracy, andWelfareTorben IversenHarvard University, Massachusetts

Based on the key idea that socialprotection, both inside and outside thestate, can be understood as protectionof specific investments in humancapital, the book offers a systematicexplanation of popular preferences forredistributive spending, the economicrole of political parties and electoralsystems, and labor market stratification.‘… a truly excellent book … providesa wealth of understanding … providesa useful degree of coherence andreality that enriches the theorizing.’SEERCambridge Studies in Comparative Politics


Hamilton’s ParadoxThe Promise and Peril of FiscalFederalismJonathan M. RoddenMassachusetts Institute of Technology

As new federations take shape and oldones are revived around the world, adifficult challenge is to create incentivesfor fiscal discipline. By combining theory,quantitative analysis, and contemporarycase studies, this book lays out the firstsystematic explanation of whydecentralized countries have haddramatically different fiscal experiences.

2006 228 x 152 mm 328pp 22 tables978 0 521 84269 3 (0 521 84269 7)Hardback c. £40.00 978 0 521 60366 9 (0 521 60366 8)Paperback c. £15.99 Publication February 2006

Federalism and theMarketIntergovernmental Conflict andEconomic Reform in theDeveloping WorldErik WibbelsUniversity of Washington

This book explores the conflict betweennational and subnational politicians overthe formulation of economic policy. Intesting the argument with combination ofcross-sectional time – series and casestudy analysis, this book contributes tothe broad literatures on development andthe comparative political economy offederalism and decentralization.


Federalism andEconomic ReformInternational PerspectivesEdited by Jessica WallackYale University, Connecticut

and T. N. SrinivasanUniversity of California, San Diego

This book contains case studies ofeconomic reform in eight developingand industrial federal countries –Argentina, Australia, Brazil, Canada,China, India, Mexico, and Nigeria. Itfocuses on the way in which the divisionof authority between levels ofgovernment affects the policymakingprocess, as well as how changes such asglobalization and market-orientedreform affect the way federalgovernments are organized.


Regional EconomicVotingRussia, Poland, Hungary,Slovakia, and the CzechRepublic, 1990–1999Joshua A. TuckerPrinceton University, New Jersey

This book examines the effect ofeconomic conditions on election resultsin five post-communist countries –Russia, Poland, Hungary, Slovakia, andthe Czech Republic – in the first decadeof post-communist elections. It is thefirst book length study of economicvoting outside of establisheddemocracies.


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Cambridge Studies in Comparative Politics2006 228 x 152 mm 334pp 115 tables978 0 521 67255 9 (0 521 67255 4)Paperback £17.99 978 0 521 85660 7 (0 521 85660 4)Hardback £45.00 Publication February 2006

Russia in the 21stCenturyThe Prodigal SuperpowerSteven RosefieldeUniversity of North Carolina, Chapel Hill

This book demonstrates Russia’sintention to re-emerge as a full-fledgedsuperpower before 2010 that wouldchallenge America and China andpotentially threaten a new arms race.Contrary to conventional wisdom, thisgoal is within the Kremlin’s grasp, butthe cost to the Russian people andglobal security would be immense.‘… trenchant and timely’.Contemporary Reviews


Social Movements andOrganization TheoryEdited by Gerald F. DavisUniversity of Michigan, Ann Arbor

Doug McAdamCenter for Advanced Study in the BehavioralSciences, Stanford, California

W. Richard ScottStanford University, California

and Mayer N. ZaldUniversity of Michigan, Ann Arbor

Organization theory and socialmovement theory are two of the mostvibrant areas within the social sciences.This collection of original essays andstudies both calls for a closerconnection between these fields anddemonstrates the value of thisinterchange.Cambridge Studies in Contentious Politics


FORTHCOMING

The Political Economyof State-SocietyRelations in Hungaryand PolandFrom Communism to theEuropean UnionAnna SelenyTufts University, Massachusetts

Hungary and Poland led thetransformations that brought downCommunism: Hungary througheconomic reform, Poland throughpolitical struggle. Seleny shows howthese changes were possible inauthoritarian regimes. For Poland thismeant principled confrontation; forHungary, innovative accommodation.

2006 234 x 156 mm 288pp 12 tables978 0 521 83564 0 (0 521 83564 X)Hardback £48.00 Publication April 2006

Beyond the Miracle ofthe MarketThe Political Economy ofAgrarian Development in KenyaSecond editionRobert H. BatesHarvard University, Massachusetts

‘This book could not have been writtenat a better time. While the bookfocuses on Kenya, it is equallyapplicable to all of Africa, LatinAmerica, and perhaps to the newlyevolving capitalist countries of EasternEurope. Must reading for advancedstudents, researchers, andpolicymakers concerned with Africa,development economics, or institutionbuilding.’ChoicePolitical Economy of Institutions andDecisions

2005 228 x 152 mm 226pp 7 linediagrams 22 tables 3 maps978 0 521 85269 2 (0 521 85269 2)Hardback £40.00 978 0 521 61795 6 (0 521 61795 2)Paperback £14.99

How Russia is NotRuledReflections on Russian PoliticalDevelopmentAllen C. LynchUniversity of Virginia

How important is the state to Russia’sprospects, even as Russia tries to workout the contours of a stable andproductive market-based economicsystem? What kind of political order

corresponds to the challenges thatRussia faces? This book argues thatgeography is important to thesequestions.

2005 228 x 152 mm 288pp978 0 521 84060 6 (0 521 84060 0)Hardback £40.00 978 0 521 54992 9 (0 521 54992 2)Paperback £15.99

Democracy Derailed inRussiaThe Failure of Open PoliticsM. Steven FishUniversity of California, Berkeley

Why has democracy failed to take rootin Russia? This book shows that Russia’sfailure to democratize has three causes:too much economic reliance on oil, toolittle economic liberalization, and tooweak a national legislature.Cambridge Studies in Comparative Politics

2005 228 x 152 mm 336pp 28 linediagrams 42 tables978 0 521 61896 0 (0 521 61896 7)Paperback £18.99 978 0 521 85361 3 (0 521 85361 3)Hardback £45.00

Social Security ReformFinancial and Political Issues inInternational PerspectiveEdited by Robin BrooksInternational Monetary Fund

and Assaf RazinTel-Aviv University

As population aging has becomeincreasingly acute in many countries, thedebate over how to reform oftencreaking public pension systems hasgathered momentum. This volumebegins by examining the rationalebehind why public pension systemswere introduced originally, thensystematically examines differentaspects of reforming these systems.


Europe and the Politicsof CapabilitiesEdited by Robert Salaisand Robert Villeneuve

Focusing on the building of socialEurope, this book breaks with thedebate between advocates of market-based solutions and their opponentsand develops ‘the capability approach’.Inspired by the work of Amartya Sen,



24

this book focuses on the effectivefreedom people need to achieve theirgoals in life and work.

2005 228 x 152 mm 328pp 10 tables10 graphs 3 figures978 0 521 83604 3 (0 521 83604 2)Hardback £50.00

Imagined EconomiesThe Sources of RussianRegionalismYoshiko M. HerreraHarvard University, Massachusetts

This book analyzes the economic basesof regional sovereignty movements inthe Russian Federation from1990–1993. The book addresses theliterature on both nationalism andpolitical economy and provides a novelanalytic framework for explaining theorigin of economic interests and thedevelopment of sovereignty movements.Cambridge Studies in Comparative Politics

2005 228 x 152 mm 318pp 4 linediagrams 37 tables 3 maps978 0 521 82736 2 (0 521 82736 1)Hardback £45.00

From Elections toDemocracyBuilding AccountableGovernment in Hungary andPolandSusan Rose-AckermanYale University, Connecticut

This study documents the weaknessesof public oversight and participation inpolicymaking in Hungary and Poland. Itdiscusses five alternative routes toaccountability including European Unionoversight, constitutional institutionssuch as presidents and courts,devolution to lower-level governments,the use of neo-corporatist bodies, andopen-ended participation rights.

2005 228 x 152 mm 272pp 15 tables978 0 521 84383 6 (0 521 84383 9)Hardback £30.00

FORTHCOMING

Multiparty DemocracyParties, Elections and LegislativePoliticsNorman SchofieldWashington University, St Louis

and Itai SenedWashington University, St Louis

This book adapts a formal model tostudy party politics in Israel, Italy, theNetherlands, Britain, and the UnitedStates. The approach uses the idea of

valence, that is, the party leader’s non-policy electoral popularity, and employssurvey data to model these elections.The analysis explains why small partiesin Israel and Italy keep to the electoralperiphery. In the Netherlands, Britain,and the US, the electoral model isextended to include the behavior ofactivists.Political Economy of Institutions andDecisions

2006 228 x 152 mm 220pp 27 tables978 0 521 45035 5 (0 521 45035 7)Hardback c. £40.00 978 0 521 45658 6 (0 521 45658 4)Paperback c. £13.99 Publication August 2006

FORTHCOMING

Architects of PoliticalChangeConstitutional Quandaries andSocial Choice TheoryNorman SchofieldWashington University, St Louis

This work offers a set of extendedinterpretations of Madison’s argumentin Federalist X of 1787, using ideasfrom social choice theory and from thework of Douglass North, Mancur Olson,and William Riker. It adapts a formalmodel of elections to consider rapidconstitutional change at periods whensocieties face quandaries. The topicsexplored in the book include Britain’sreorganization of its fiscal system in theeighteenth century, a number ofAmerican federalist and constitutionalcrises, and Keynes’s contributions toglobal economic institutional analysis inthe period 1937–1944.Political Economy of Institutions andDecisions

2006 228 x 152 mm 325pp 8 tables978 0 521 83202 1 (0 521 83202 0)Hardback c. £40.00 978 0 521 53972 2 (0 521 53972 2)Paperback c. £14.99 Publication July 2006

FORTHCOMING

Immigration and theTransformation ofEuropeEdited by Craig A. ParsonsUniversity of Oregon

and Timothy M. SmeedingSyracuse University, New York

Immigration and minority integrationare constantly in the headlines. Theissues which rival immigration –unemployment, crime, terrorism – are

often presented by politicians as itsnegative secondary effects. Immigrationis also intimately connected to theprofound challenges of demographicchange, economic growth and welfare-state reform. Both academic observersand the European public areincreasingly convinced that Europe’sfuture will largely turn on how it admitsand integrates non-Europeans. Thisbook is a comprehensive stock-taking ofthe contemporary situation and itspolicy implications.‘At a time when immigration and theintegration of immigrant-origin ethnicminorities are making headlines andpolitical careers in various Europeancountries, and as the EU developsimmigration policies that also affectsits neighbours, this book tries to takestock of actual trends anddevelopments in the area ofimmigration patterns and policies andthe integration of immigrants in hostsocieties. The volume addressesvarious themes yet has one singularcharacteristic: the deliberate use ofcross-national and whenever possiblelongitudinal data that provides acomprehensive view and comparativeinsights into immigration-relatedphenomena in today’s Europe.’Virginie Guiraudon, Marie Curie Professor inSocial and Political Sciences, EuropeanUniversity Institute

2006 228 x 152 mm c.484pp 92 tables20 figures978 0 521 86193 9 (0 521 86193 4)Hardback c. £55.00 Publication July 2006

FORTHCOMING

The Role ofPolicymakers inBusiness CycleFluctuationsJim GranatoUniversity of Texas, Austin

and M.C. Sunny WongUniversity of Southern Mississippi

The book’s central theme is that apolicymaker’s role is to enhance thepublic’s ability to co-ordinate their priceinformation, price expectations, andeconomic activities. This role is fulfilledwhen policymakers maintain inflationstability. Inflation persists less when animplicit or explicit inflation target ismet. Granato and Wong argue thatinflation persistence is reduced whenthe public substitutes the prespecifiedinflation target for past inflation. Theauthors use historical, formal, and


25

applied statistical analysis of business-cycle performance in the United Statesfor the 1960 to 2000 period.

2006 216 x 138 mm 200pp 10 tables978 0 521 86016 1 (0 521 86016 4)Hardback c. £40.00 Publication April 2006

The Market for ForceThe Consequences of PrivatizingSecurityDeborah D. AvantGeorge Washington University, Washington DC

‘Deborah Avant has written a sensiblecorrective to the hype and hyperbolethat has accompanied the study of‘mercenaries’. She shows how privatemilitary companies are a part of theeveryday workings of national militaryestablishments, and provides prescientwarnings about the impact ofexcessive outsourcing in this area.Avant provides an alarming messagethat over-reliance on private forcesundermines the spirit and commitmentthat make effective national militarieswork. In doing so, Avant shows how apublic ethic is an integral part of whatmakes national militaries successfuland how this is missing in privatemilitary companies.’William S. Reno, Northwestern University

2005 228 x 152 mm 324pp 7 tables1 figure978 0 521 85026 1 (0 521 85026 6)Hardback £45.00 978 0 521 61535 8 (0 521 61535 6)Paperback £18.99

NEW IN PAPERBACK

Selling ChinaForeign Direct InvestmentDuring the Reform EraYasheng HuangMassachusetts Institute of Technology

Advance praise:‘Professor Huang is fast becoming oneof the most influential voices in theAmerican academy on the subject ofthe Chinese economy. This is a bookthat will have a major impact onscholars and indeed on investors, andmaybe even on China itself. It willsurely change the way thatcontemporary Chinese politicaleconomy is studied and taught inuniversities.’William Kirby, Harvard UniversityCambridge Modern China Series

2005 228 x 152 mm 406pp978 0 521 60886 2 (0 521 60886 4)Paperback £15.99

Changing Lanes inChinaForeign Direct Investment, LocalGovernments, and Auto SectorDevelopmentEric ThunPrinceton University, New Jersey

The primary purpose of the book is tounderstand how China has used foreigninvestment to promote localdevelopment. It uses the case studies offive Chinese regions that have jointventure projects in the auto industry.The analysis covers two decades, bothbefore and after Chinese accession tothe World Trade Organization, and isbased on hundreds of interviews. Theauto industry provides a window intothe strategies of the globalmultinationals that seek access to thevast Chinese market - companies suchas Volkswagen, General Motors, andHonda.


The Political Economyof Poland’s TransitionNew Firms and ReformGovernmentsJohn E. JacksonUniversity of Michigan, Ann Arbor

Jacek KlichJagiellonian University, Krakow

and Krystyna PoznanskaWarsaw School of Economics

How did Poland go from anauthoritarian one-party state with afaltering centrally planned economy tobecome a relatively stable multipartydemocracy and a market economy? Thisbook explains these successes by thehigh rate of creation and growth ofnew, domestically owned firms between1990–1997.Political Economy of Institutions andDecisions


France in CrisisWelfare, Inequality, andGlobalization since 1980Timothy B. SmithQueen’s University, Ontario

‘This is a remarkable and wonderfulbook. It should be read by thoseinterested in all aspects of Frenchculture and in the welfare state acrossthe globe.’Peter Baldwin, University of California

2004 228 x 152 mm 308pp 25 tables978 0 521 84414 7 (0 521 84414 2)Hardback £40.00 978 0 521 60520 5 (0 521 60520 2)Paperback £15.99

TEXTBOOK

A Course in PublicEconomicsJohn LeachMcMaster University, Ontario

This textbook explores how marketsoperate and governments’ roles inaddressing market failures.

Contents: Part I. Markets;Part II. Externalities; Part III. PublicGoods; Part IV. Imperfect Competition;Part V. Taxation and Efficiency;Part VI. Asymmetric Information andEfficiency; Part VII. AsymmetricInformation and Income Redistribution.


TEXTBOOK

Public Finance andPublic PolicyResponsibilities and Limitationsof GovernmentArye L. HillmanBar-Ilan University, Israel

This textbook systematically sets forththe basic issues involved in publicfinance and public policy.Contents: 1. Markets and property;2. Collective benefits; 3. Voting and publicgoods; 4. Market corrections; 5. Socialinsurance and social justice; 6. Politics andredistribution; 7. Taxation; 8. User pricing;9. Health, education, and retirement;10. How much government?




26

TEXTBOOK

Public Choice IIIThird editionDennis C. MuellerUniversität Wien, Austria

‘Like all the others, this volume willbecome the first point of reference - the‘bible’ - for all scholars in the field, boththe experts and the more casualsamplers. It represents an amazingeffort, even more extraordinary than theearlier versions. The profession is deeplyin Mueller’s debt.’Geoffrey Brennan, Australian National University

Contents: Part I. Origins of the State; PartII. Public Choice in a Direct Democracy;Part III. Public Choice in a RepresentativeDemocracy; Part IV. Applications andTesting; Part V. Normative public choice;Part VI. What Have We Learned?.


z For more information visit our websitewww.cambridge.org/uk/economics/mueller

MacrojusticeThe Political Economy of FairnessSerge-Christophe KolmEcole des Hautes Etudes en Sciences Sociales,Paris

In the just society, individuals’ freedom isfully respected, and redistributionamounts to an equal sharing ofindividuals’ different earnings obtained bythe same limited ‘equalization labour’.The concept of equalization labour isdetermined by a number of methodspresented in this volume.

2005 228 x 152 mm 544pp 5 linediagrams978 0 521 83503 9 (0 521 83503 8)Hardback £70.00

Seeing the StateGovernance and Governmentalityin IndiaStuart CorbridgeLondon School of Economics and Political Science

Glyn WilliamsKing’s College London

Manoj SrivastavaLondon School of Economics and Political Science

and René VéronUniversity of Guelph, Ontario

How do poor people in India understandand make use of the state in their dailylives? The authors consider key debates indevelopment studies on participation and

good governance to answer thesequestions. They study the extent to whichpoorer people can engage the politicalprocess as citizens.Contemporary South Asia, 10


JOURNAL

Journal of Public PolicyEditor: Richard RoseUniversity of Aberdeen

The Journal of Public Policy applies socialscience theories and concepts tosignificant political, economic and socialissues and to the ways in which publicpolicies are made. Its articles deal withtopics of concern to public policy scholarsin America, Europe, Japan and otheradvanced industrial nations. the Journaloften publishes articles that cut acrossdisciplines, such as environmental issues,international political economy, andpolitics regulation, and European Unionprocesses.

http://journals.cambridge.org/jid_PUPSubscriptions

Volume 26 in 2006: May, August andDecemberInstitutions print and electronic: £144/$240Institutions electronic only: £124/$205Individuals print only: £32/$45Member rates available - please enquirePrint ISSN 0143-814XElectronic ISSN 1469-7815

JOURNAL

Health Economics,Policy and LawEditors: Gregg BlocheGeorgetown University, Washington

William HsiaoHarvard University, Cambridge MA

Martin KnappLondon School of Economics and Political Science

Elias MossialosLondon School of Economics and Political Science

Adam OliverLondon School of Economics and Political Science

and Thomas RiceUniversity of California, Los Angeles

International trends highlight theconfluence of economics, politics andlegal considerations in the health policyprocess. Health Economics, Policy andLaw will serve as a forum for scholarshipon health policy issues from theseperspectives, and will be of use toacademics, policy makers and health caremanagers and professionals. HEPL will be

international in scope, will publish boththeoretical and applied work, and willcontain articles on all aspects of healthpolicy. Considerable emphasis will beplaced on rigorous conceptualdevelopment and analysis, and on thepresentation of empirical evidence that isrelevant to the policy process.

Available on subscription from 2006. Tosubscribe please contact customerservices onjournalshttp://journals.cambridge.org/jid_HEPSubscriptions

Volume 1 in 2006: January, April,July,October,Institutions print and electronic: £150/$240Institutions electronic only: £130/$208Individuals print only: £30/$48Students: £20/$32Print ISSN 1744-1331Electronic ISSN 1744-134X

JOURNAL

InternationalOrganizationEditor-in-Chief: Lisa L. MartinHarvard University

Associate Editors: Thomas RisseFree University of Berlin

and Beth V. YarbroughAmherst College

Published on behalf of the InternationalOrganization Foundation

International Organization is a leadingpeer-reviewed journal that covers theentire field of international affairs.Subject areas include: foreign policies,international relations, international andcomparative political economy, securitypolicies, environmental disputes andresolutions, European integration,alliance patterns and war, bargainingand conflict resolution, economicdevelopment and adjustment, andinternational capital movements.

http://journals.cambridge.org/jid_INOSubscriptions

Volume 60 in 2006: Winter, Spring, Summerand FallInstitutions print and electronic: £114/$187Institutions electronic only: £97/$154Individuals print plus electronic: £30/$47Students: £18/$29Member rates available - please enquirePrint ISSN 0020-8183Electronic ISSN 1531-5088


27

JOURNAL

PS: Political Science &PoliticsEditor: Robert J-P HauckAmerican Political Science Association

Published for the American PoliticalScience Association

http://journals.cambridge.org/jid_PSCSubscriptions

Volume 39 in 2006: January, April, July,OctoberInstitutions print and electronic: £350/$575Institutions electronic only: £294/$478PS: Political Science & Politics is sold ONLY aspart of a joint subscription with AmericanPolitical Science Review and Perspectives onPolitics.Institutions print and electronic: £350/$575Institutions electronic only: £294/$785Individuals must order through APSA direct.Print ISSN 1049-0965Electronic ISSN 1537-5935

JOURNAL

American PoliticalScience ReviewEditor: Lee SigelmanGeorge Washington University

Published for the American PoliticalScience Association

American Political Science Review ispolitical science’s premier scholarlyresearch journal, providing peer-reviewed articles and review essaysfrom subfields throughout the discipline.Areas covered include political theory,American politics, public policy, publicadministration, comparative politics, andinternational relations. APSR haspublished continuously since 1906.

http://journals.cambridge.org/jid_PSRSubscriptions

Volume 100 in 2006: February, May, August,NovemberInstitutions print and electronic: £350/$575Institutions electronic only: £294/$478American Political Science Review is soldONLY as part of a joint subscription withPerspectives on Politics and PS: PoliticalScience & PoliticsPrint ISSN 0003-0554Electronic ISSN 1537-5943

JOURNAL

Perspectives onPoliticsEditor: James D. JohnsonDepartment of Political ScienceUniversity of Rochester

http://journals.cambridge.org/jid_PPS

SubscriptionsVolume 4 in 2006: March, June, Septemberand DecemberInstitutions print and electronic: £350/$575Institutions electronic only: £294/$478Perspectives on Politics is sold ONLY as part ofa joint subscription with PS: Political Science &Politics and American Political Science Review.Institutions print and electronic: £350/$575Institutions electronic only: £294/$478Individuals must order through APSA direct.Print ISSN 1537-5927Electronic ISSN 1541-0986

Law andEconomics

HIGHLIGHT

Principles andMethods of Law andEconomicsEnhancing Normative AnalysisNicholas L. GeorgakopoulosIndiana University

This is an introductory book that targetsthe reader who has the ambition toapply economic analysis but may bemissing a technical introduction to itsmathematical techniques or seeks astructured elaboration of itsphilosophical principles. The bookjuxtaposes economic analysis withmoral philosophy, political theory,egalitarianism, and othermethodological principles and thenpasses to the details of methods suchas model-building, derivatives,differential equations, statistical tests,and the use of computer programs.

2005 228 x 152 mm 392pp 31 linediagrams 14 half-tones 15 tables978 0 521 82681 5 (0 521 82681 0)Hardback £48.00 978 0 521 53411 6 (0 521 53411 9)Paperback £21.99


Economic Foundationsof Law andOrganizationDonald WittmanUniversity of California, Santa Cruz

This book serves as a compactintroduction to the economic analysis oflaw and organization. It is aimed atundergraduate economic students whoare interested in law and organization,law students as well as business and

public policy students who want tounderstand the economic approach tolaw and organization.Contents: 1. Introduction; Part I. EconomicFundamentals - Rationality and Efficiency:2. Rational behavior, preferences and prices;3. Pareto optimally versus utilitarianism;4. Cost-benefit analysis; Part II. TransactionCosts and the Coasean Revolution:5. Transaction costs; 6. Fencing in andfencing out; 7. Coase versus Pigou;Part III. Cost-Benefit Analysis and the Law:8. How to think like an economist: twohawks and a fence; 9. Smoking regulations:market solutions; 10. Rules of thumb: sportsand driving rules; Part IV. Rights: 11. Theprotection of entitlements; 12. Propertyrights or communal rights in knowledge?;13. Liability for harm or restitution forbenefit; 14. Takings: should there becompensation for regulation; Part V. Tortsand Crimes: Liability Rules andPunishments: 15. Cost minimization and therole of liability rules; 16. Negligence rules;17. Crime and criminal law; Part VI. TheRole of Sequence: 18. Mitigation ofdamages and last clear chance; 19. TheGood Samaritan rule; 20. The role of beingfirst in allocating entitlements;Part VII. Contracts and Breach of Contract:21. Default rules and breach of contract;22. When is a handshake a contract andwhen is a contract not a contract;23. Marriage as contract: family law; PartVIII. Harms Arising Between ContractingParties: 24. Exploding coke bottles; 25. Therole of asymmetric information;26. Consumers and producers causedamage: lawnmowers; Part IX. Insuranceand the Law: 27. The market for insurance;28. Royalties for artists and insurance forinvestors; 29. Regulating automobileinsurance; 30. Bankruptcy; 31. Depositinsurance and banking crises; Part X.Governance and Organization: 32. Thegovernance of organization; 33. Corporatelaw and agency problems; 34. Insidertrading; 35. Organizational response toopportunism; 36. The organization oflegislatures; 37. Federalism; 38. The internalorganization of the family;Part XI. Bargaining in the Shadow of a Trial:39. Settlement of cases; Table of cases.

2006 253 x 177 mm 375pp 2 tables74 exercises978 0 521 85917 2 (0 521 85917 4)Hardback c. £40.00 Publication August 2006

Law and Economics


28

GRADUATE TEXTBOOK

Law in a MarketContextAn Introduction to MarketConcepts in Legal ReasoningRobin Paul MalloySyracuse University, New York

‘In Law in a Market Context, RobinPaul Malloy has effected an important,innovative, and thoroughreinterpretation of the dominantmodel of law and economics by‘reframing’ the market and exchangeprocesses in terms of creativity,discovery, and community. As someonewho writes in the areas of critical raceand feminist theory, I find Malloy’sapproach to be particularly usefulbecause it provides critical scholarswho are concerned with issues ofsocial justice and equality with a newand theoretically sophisticated way tounderstand and reckon with themarket. Law in a Market Contextshould find its way on to every criticalscholar’s reading list.‘Professor Emily Houh, University of Cincinnati,USA

Contents: Preface; Acknowledgements;Notes on citations; Table of cases;Introduction; 1. Understanding thecontested meaning of markets; 2. The lawand market economy framework; 3. Marketconcepts of exchange; 4. Additionaleconomic concepts for law and marketeconomy; 5. The not-for-profit exchangecontext; 6. Parting thoughts; Index.

2004 228 x 152 mm 280pp978 0 521 81624 3 (0 521 81624 6)Hardback £45.00 978 0 521 01655 1 (0 521 01655 X)Paperback £17.99

Intellectual PropertyEconomic and Legal Dimensionsof Rights and RemediesRoger D. BlairUniversity of Florida

and Thomas F. CotterUniversity of Florida

This book gives a brief overview ofpatents, trade secrets, copyrights, andtrademarks, and the enforcement andlicensing of IPRs, focusing on theremedies available for infringement, thestandard of care and the rules fordetermining standing to sue and joinderof defendant for IPR violations.

2005 228 x 152 mm 314pp 17 linediagrams 1 table978 0 521 83316 5 (0 521 83316 7)Hardback £45.00 978 0 521 54067 4 (0 521 54067 4)Paperback £17.99

International PublicGoods and Transfer ofTechnology Under AGlobalized IntellectualProperty RegimeEdited by Keith E. MaskusUniversity of Colorado, Boulder

and Jerome H. ReichmanDuke University, North Carolina

Leading experts discuss the implicationsof the increasingly globalized protectionof intellectual property rights for theability of countries to provide theircitizens with such important publicgoods as basic research, education,public health, and environmentalprotection.


Regulatory Bargainingand Public LawJim RossiFlorida State University

In this book, Professor Rossi exploresthe promise and role of public law forderegulated network industries, such aselectric power and telecommunications.Leading media accounts blamederegulated markets for failures incompetitive restructuring policies. Incontrast, the author argues thatgovernmental institutions, ofteninfluenced by private stakeholders, shareblame for the defects in deregulatedmarkets in the United States.

2005 228 x 152 mm 272pp978 0 521 83892 4 (0 521 83892 4)Hardback £45.00

TEXTBOOK

Antitrust LawEconomic Theory and CommonLaw EvolutionKeith N. HyltonBoston University

This book is an effort to consolidateseveral different perspectives onantitrust law. Specific topics coveredinclude perfect competition versusmonopoly, enforcement, cartels, section1 doctrine, rule of reason, agreement,boycott, power, vertical restraints, tyingand exclusive dealing, horizontalmergers, and conglomerates.

‘… this book is, quite simply, the best Ihave ever encountered to deal with USlaw. It is, in a nutshell, superb, and Iwish it had been published six monthsago.’European Competition Law Review

2003 228 x 152 mm 430pp 14 linediagrams978 0 521 79031 4 (0 521 79031 X)Hardback £60.00 978 0 521 79378 0 (0 521 79378 5)Paperback £22.99

Security Rights inMovable Property inEuropean Private LawEdited by Eva-Maria KieningerBayerische-Julius-Maximilians-UniversitätWürzburg, Germany

Assisted by Michele GraziadeiGeorge L. GrettonCornelius G. van der Merweand Matthias E. Storme

Surveys the law relating to securedtransactions in all member states of theEU. Following the Trento ‘CommonCore’ approach, the national reports arecentered around 15 hypotheticalsdealing with the most important issues.Each case is followed by a comparativesummary. A general report evaluates thepossibilities of European harmonisation.The Common Core of European Private Law

2004 228 x 152 mm 826pp978 0 521 83967 9 (0 521 83967 X)Hardback £100.00

The Impact ofInternational Law onInternationalCooperationTheoretical PerspectivesEdited by Eyal BenvenistiTel-Aviv University

and Moshe HirschHebrew University of Jerusalem

This book explores the influencesinternational norms and internationalinstitutions have over the incentives ofstates to cooperate on issues such asenvironment and trade. Contributorsadopt two different approaches inexamining this question and suggestways for enhancing states’ incentives tocooperate through the design of normsand institutions.


Law and Economics

29

The Regulation ofInternational FinancialMarketsPerspectives for ReformEdited by Rainer GroteMax-Planck-Institut für ausländischesöffentliches Recht und Völkerrecht, Germany

and Thilo MarauhnJustus-Liebig-Universität Giessen, Germany

At present, international financialrelations are primarily governed bymarket forces, with little regulatoryinterference at the international level.This book seeks to provide a frameworkfor analysing options for the regulationof international financial markets, fromthe perspective of public internationallaw and comparative law.

2006 228 x 152 mm 336pp 2 tables978 0 521 83144 4 (0 521 83144 X)Hardback c. £55.00 Publication February 2006

The Economics ofContractsTheories and ApplicationsEdited by Eric BrousseauUniversité de Paris XI

and Jean-Michel GlachantUniversité de Paris XI

A comprehensive and up-to-datesynthesis of the economic analysis ofcontracts, written by leadinginternational scholars. The book offers aunique combination of theoretical andapplied economics along with insightsfrom law and management sciences,appealing to scholars, graduate studentsand practitioners in economics,management and law.

2002 228 x 152 mm 600pp 7 linediagrams 16 tables 5 graphs978 0 521 81490 4 (0 521 81490 1)Hardback £75.00 978 0 521 89313 8 (0 521 89313 5)Paperback £29.99

IndustrialOrganisationand LabourEconomics

KnowledgeAccumulation andIndustry EvolutionThe Case of Pharma-BiotechEdited by Mariana MazzucatoThe Open University, Milton Keynes

and Giovanni DosiSant’Anna School of Advanced Studies, Pisa

Written by internationally acclaimedexperts in the economics of innovation,it explores from different angles thehistorical evolution of innovation in thebiotech and pharmaceutical sector, andhow firms and industry structure haveco-evolved with innovation dynamics.Important policy questions areconsidered regarding the future ofinnovation in this sector.‘The modern pharmaceuticals industrypresents a fascinating set ofparadoxes. Dramatic advances infundamental science have beenassociated with a wave of mergersamong the leading pharmaceuticalfirms, the entry of small drug-discoveryspecialist firms, large increases inindustry R&D spending and anapparent slowdown in the rate ofinnovation. This collection examinesthese paradoxes and derives importantimplications for our understanding ofthis science-based industry and for ourunderstanding of industrial dynamicsmore generally. This volume will be ofgreat interest to students ofevolutionary economics, economictheorists and empirical researchers.’David C. Mowery, Haas School of Business,University of California - Berkeley

2006 228 x 152 mm 272pp 32 tables35 figures978 0 521 85822 9 (0 521 85822 4)Hardback £48.00 Publication March 2006

FORTHCOMING

Knowledge, Scale andTransactions in theTheory of the FirmMario MorroniUniversità degli Studi, Pisa

In this wide-ranging analysis of thefunctioning and growth of firms, MarioMorroni investigates the main causes of

this diversity within businessorganisations. The book offers a newtheoretical framework to examine theconditions under which learningprocesses, which are ever moreimportant in the knowledge-basedeconomy, interact with the arrangementof transactions and the exploitation ofeconomies of scale and scope inshaping relative performance andorganisational boundaries. It is animportant and original contribution tothe literature on the theory of the firm.

2006 228 x 152 mm c.270pp 11 tables19 figures978 0 521 86243 1 (0 521 86243 4)Hardback c. £50.00 Publication May 2006

FORTHCOMING

Internet and DigitalEconomicsEdited by Eric BrousseauUniversité de Paris X

and Nicolas CurienConservatoire national des arts et métiers, Paris

How are our societies beingtransformed by internet and digitaleconomics? This book provides anaccessible introduction to the economicsof the Internet and a comprehensiveaccount of the key mechanisms of thedigital economy. Leading scholarsexamine the original economic andbusiness models being developed as aresult of the internet system, andexplore their impact on our economiesand societies. This important volumeprovides the analytical tools tounderstand the recent transformationsand the future directions of the ‘NewEconomy’.

2006 228 x 152 mm 700pp 24 tables67 figures978 0 521 85591 4 (0 521 85591 8)Hardback c. £80.00 978 0 521 67184 2 (0 521 67184 1)Paperback c. £28.00 Publication August 2006

The Economics ofMobileTelecommunicationsHarald GruberEuropean Investment Bank

‘Harald Gruber has combined economictheory and empirical evidence withreal-world telecom know-how toproduce an outstanding book. This isthe first authoritative andcomprehensive study of mobiletelephony. It deserves to be widely

Industrial Organisation and Labour Economics


30

read by scholars and business peoplewith an interest in this excitingindustry.’Tommaso M. Valletti, Tanaka Business School,Imperial College London


A Sociology of Work inJapanRoss MouerMonash University, Victoria

and Hirosuke KawanishiWaseda University, Japan

A comprehensive survey of therelationship between work and societyin Japan which explores the context forindividual choices about work. Theseinclude the structuring of labourmarkets, social policy and the influencesof globalization. The book affordspenetrating insights into Japanesesociety and challenges current thinkingon the subject.Contemporary Japanese Society


Employment and theFamilyThe Reconfiguration of Workand Family Life in ContemporarySocietiesRosemary CromptonCity University, London

Rates of employment amongst mothersof young children have risen rapidly inrecent years. Attitudes to gender roleshave changed, and both employers andgovernments have had to adjust to newrealities. But some argue that recentchanges in employment relations aremaking work more family ‘unfriendly’.What are the real consequences ofchange? Rosemary Crompton exploresthe origins and background of thisradical shift in the gendered division oflabour and relates it to both family andemployment. Based on originalresearch, it makes a valuablecontribution.

2006 228 x 152 mm 250pp 34 tables978 0 521 84091 0 (0 521 84091 0)Hardback c. £40.00 978 0 521 60075 0 (0 521 60075 8)Paperback c. £18.99 Publication March 2006

Regulation and EntryintoTelecommunicationsMarketsPaul de BijlUniversiteit van Tilburg

and Martin PeitzUniversidad de Alicante

‘Paul de Bijl and Martin Peitzsubstantially expand ourunderstanding of corporate strategiesand regulatory trade-offs in thetelecommunications industry. Using arigorous analytical framework, theyguide us through the earlyliberalization stage towardcompetition in a mature market. Thisinsightful and comprehensive book isessential reading for all academics,consultants and industry professionalsconcerned with telecommunications.’Jean Tirole, University of Toulouse

2003 228 x 152 mm 288pp 1 linediagram 48 tables 35 graphs978 0 521 80837 8 (0 521 80837 5)Hardback £50.00

A Concise Handbookof Movie IndustryEconomicsEdited by Charles C. MoulWashington University, St Louis

What factors affect a movie’s theatricalrun? How does the theatrical run affectthe demand for video? What types ofmovies are most profitable? Howinformative are movie accountingfigures? What theaters have the mostappeal to consumers? This shorthandbook provides a deeperunderstanding of the economics ofmovies.‘The coverage of topics seems quitecomplete. So, in general, myimpression of the book is veryfavorable. These are first-class authorswriting about areas in which they havemade major contributions. They speakwith the voice of authority on topicsthat will interest all scholars concernedwith economic studies of the filmindustry. I applaud this well-conceivedand well-executed concept.’Morris B. Holbrook, Columbia University


Business andManagement

FORTHCOMING

Organizational DesignA Step-by-Step ApproachRichard M. BurtonDuke University, North Carolina

Gerardine DeSanctisand Børge ObelAarhus School of Business, Denmark

In today’s volatile business environment,organizational design is a seriouschallenge for any manager. This booksets out a step-by-step approach todesigning an organization. All the keyaspects of organizational design arecovered, including goals, strategy,structure, process, people, coordinationand control. The text contains manyhelpful features such as end-of-chapterreviews, unique step-by-step diagramsand diagnostic questions. The actionoriented approach of this text helps thereader to assess and re-design thecomplex organizations of today, andplan for the information-richorganizations of tomorrow.

2006 247 x 174 mm 220pp 12 tables35 figures978 0 521 85176 3 (0 521 85176 9)Hardback £45.00 978 0 521 61733 8 (0 521 61733 2)Paperback £19.99 Publication April 2006

OrganizationalEncounters with RiskEdited by Bridget HutterLondon School of Economics and PoliticalScience

and Michael PowerLondon School of Economics and PoliticalScience

Organizational encounters with riskrange from errors and anomalies tooutright disasters. This collection ofessays addresses the varied ways inwhich modern organisationsunderstand, process and deal with risk.Contributions by leading experts on riskmanagement illustrate the complexorganisational and social dimension ofrisk management, reminding the readersthat it is much more than theapplication of technique.‘Organizational Encounters with Riskaddresses the paradox of the 21stcentury: how organizations thatenhance our capacity to govern

Business and Management

31

uncertainty simultaneously producenew uncertainties that demandinnovative approaches to risk andregulation. While grounding theiranalyses in real-world organizationalencounters with risk, the distinguishedcontributors to this volume alsosignificantly advance theories ofuncertainty, risk and regulation.’Richard Ericson, University of Toronto

2005 228 x 152 mm 270pp978 0 521 84680 6 (0 521 84680 3)Hardback £45.00 978 0 521 60928 9 (0 521 60928 3)Paperback £19.99

FORTHCOMING

Global e-commerceImpacts of National Environmentand PolicyEdited by Kenneth L. KraemerUniversity of California, Irvine

Jason DedrickUniversity of California, Irvine

Nigel P. MelvilleUniversity of Michigan

and Kevin ZhuUniversity of California, Irvine

Are the Internet and e-commerce trulyrevolutionising business practice? Thisbook explodes the transformation mythby demonstrating that the Internet ande-commerce are in fact being adaptedby firms to reinforce their existingrelationships with customers, suppliersand business partners. Detailed casestudies of eight countries show that,rather than creating a borderless globaleconomy, e-commerce strongly reflectsexisting local patterns of commerce,business and consumer preference. Thisincisive analysis of the diffusion andimpact of e-business provides a solidbasis for understanding its likely futureevolution.

2006 228 x 152 mm 428pp 154 tables53 figures978 0 521 84822 0 (0 521 84822 9)Hardback c. £30.00 Publication June 2006

Sharing ExecutivePowerRoles and Relationships at theTopJosé Luis AlvarezInstituto de Empresa Business School, Madrid

and Silviya SvejenovaESADE Business School, Barcelona

‘Even though popular images of powercenter on a solitary heroic figure at thetop, the reality of power at the top isincreasingly different. Power is oftenshared among a small group of co-

leaders (think CEO-COO, co-CEOs, CEO-Chairman, etc). Alvarez and Svejenovaare pioneers in tackling thisunderstudied leadership phenomenon.This book helps us understand sharedleadership at the top both theoreticallyand practically. It is a must read forscholars interested in leadership andfor practitioners who understand thenecessity and difficulty of creatingeffective shared leadership.’Nitin Nohria, Harvard Business School

2005 228 x 152 mm 310pp 2 tables7 figures978 0 521 84125 2 (0 521 84125 9)Hardback £45.00 978 0 521 60107 8 (0 521 60107 X)Paperback £19.99

Managing ServicesAlan NankervisCurtin University of Technology, Perth

Yuki MiyamotoCurtin University of Technology, Perth

Ruth TaylorCurtin University of Technology, Perth

and John Milton-SmithCurtin University of Technology, Perth

This book explores the strategicmanagement of services through anIntegrated Services Management Modelwhich links operational, marketing,financial and human resourcemanagement functions, within a broadand diverse collection of international,regional, and local service contexts. Itcontains numerous case examples,student projects and exercises, designedto illustrate common problems andinnovative approaches, with a particularfocus on the Asia Pacific andAustralasian regions.

2005 246 x 174 mm 384pp 34 tables44 figures978 0 521 60651 6 (0 521 60651 9)Paperback £24.99

Innovation andEntrepreneurship inJapanPolitics, Organizations, and HighTechnology FirmsKathryn Ibata-ArensDepaul University, Chicago

This new perspective on Japaneseeconomic history explores the strugglesof entrepreneurs and civic-minded localleaders in fostering innovative activity.Through 50 case studies, Ibata-Arensexplores the socio-political foundationsof sound innovation andentrepreneurship policy, offering amodel for further testing.


FORTHCOMING

The VoluntaryEnvironmentalistsGreen Clubs, ISO 14001, andVoluntary EnvironmentalRegulationsAseem PrakashUniversity of Washington

and Matthew PotoskiIowa State University

Can businesses voluntarily adoptprogressive environmental policies?Most environmental regulations arebased on the assumption that thepursuit of profit leads firms to pollutethe environment, and thereforegovernments must impose mandatoryregulations. However, new instrumentssuch as voluntary programs areincreasingly important. This book offersa theoretical account of voluntaryenvironmental programs. By linkingprogram efficacy to club design, itfocuses attention on collective actionchallenges faced by green clubs, andinvestigates the adoption and efficacy ofISO 14001, the most widely recognizedvoluntary environmental program in theworld.

2006 228 x 152 mm 217pp 12 tables3 figures978 0 521 86041 3 (0 521 86041 5)Hardback c. £45.00 978 0 521 67772 1 (0 521 67772 6)Paperback c. £17.99 Publication June 2006

FORTHCOMING

Entrepreneurship,Geography, andAmerican EconomicGrowthZoltan AcsUniversity of Baltimore

and Catherine Armington

The spillovers in knowledge amonglargely college-educated workers wereamong the key reasons for theimpressive degree of economic growthand spread of entrepreneurship in theUnited States during the 1990s. ZoltanAcs and Catherine Armington use aknowledge spillover theory ofentrepreneurship to explain new firmformation rates in regional economiesduring the 1990s period and beyond.



32

As a result, they suggest, regional policiesto encourage and sustain growth shouldfocus on entrepreneurship among otherfactors.

2006 216 x 138 mm 200pp 25 tables978 0 521 84322 5 (0 521 84322 7)Hardback c. £45.00 Publication July 2006

GRADUATE TEXTBOOK

The RegionalMultinationalsMNEs and ‘Global’ StrategicManagementAlan M. RugmanIndiana University

Alan M. Rugman explores alternatives tothe popular model of increasinglyglobalized business, and explores thewidespread evidence of regionalisedbusiness practice among the world’s top500 companies. Detailed case studies andreal-life examples flesh out the theoryand practice of regionalisation inmultinationals.Contents: 1. Introduction; 2. Regionalmultinationals: the data; 3. Two regionalstrategy frameworks; 4. Regional and globalstrategies of multinational enterprises;5. Retail multinationals; 6. Bankingmultinationals; 7. Pharmaceutical andchemical multinationals; 8. Automobilemultinationals; 9. Profits of leadingmultinational enterprises; 10. Analysis of theregional and global strategies of large firms;11. Regional multinationals and governmentpolicy; 12. Regional multinationals: the newresearch agenda; Appendix A; References;Index.


The Rise of SpanishMultinationalsEuropean Business in the GlobalEconomyMauro GuillénWharton School, University of Pennsylvania

‘This fascinating book constitutes thebest documented and richest analysis todate of the economic, social andpolitical causes and repercussions forboth Spain and Europe of the rise of theSpanish multinational firm. Of greatvalue not just to readers interested inthe Spanish economy but also to allthose who want to better understandthe process of globalization.’José Viñals, Director General, Bank of Spain

2005 228 x 152 mm 288pp 14 colourplates 8 figures978 0 521 84721 6 (0 521 84721 4)Hardback £30.00

International Businessand GovernmentRelations in the 21stCenturyEdited by Robert GrosseThunderbird American Graduate School ofInternational Management, Arizona

This book offers an outlook on relationsbetween national governments andmultinational companies that providesbroad coverage of the key issues likelyto determine that relationship in thenew century. As well, additionalstakeholders such as labor groups andshareholders are discussed and theirimpacts on the relationship areevaluated.

2005 228 x 152 mm 460pp978 0 521 85002 5 (0 521 85002 9)Hardback £30.00

TEXTBOOK

Managerial EconomicsA Problem-Solving ApproachNick WilkinsonRichmond: The American International Universityin London

‘A thoughtful and well-written textwhich explains key concepts in arigorous and accessible way. Aparticular strength is the richcollection of applications and casestudies which demonstrate the valueof the economic approach to manymanagement problems and decisions.The well-designed solved problemsdemonstrate how the analyticaltechniques can be applied and will beparticularly valuable in helpingstudents to connect theory withpractice and to solve problems forthemselves. A very useful addition tothe field.’Martin Carter, Leeds University Business School

Contents: Part I. Introduction: 1. Nature,scope and methods of managerialeconomics; 2. Theory of the firm;Part II. Demand Analysis: 3. Demand theory;4. Demand estimation; Part III. Productionand Cost Analysis: 5. Production theory;6. Cost theory; 7. Cost estimation; Part IV.Strategy Analysis: 8. Market structure andpricing; 9. Game theory; 10. Pricingstrategy; 11. Investment analysis;12. Government and managerial policy.


Performance at theLimitBusiness Lessons from Formula 1Motor RacingMark JenkinsCranfield School of Management, UK

Ken Pasternakand Richard West‘The authors have produced perhapsthe most definitive analysis of whatmakes Formula 1 teams such highperforming businesses. It is a book allsenior business leaders should read tohelp them find ways to speed up theirbusiness performance.’Robert Baldock, a former senior Accenturepartner and strategic adviser to the Williams F1team, and founder and former chairman of theMotorsport Industry Association

‘Performance at the Limit captures theextraordinary power of analogy tocreate deep meaning. With vividexamples from Formula 1 racing, theauthors bring to life the lessons ofteamwork, competition, and designthat ring true for executives seekingthe highest performance. An inspiringand engaging read.’Kathleen M. Eisenhardt, S. W. AschermanProfessor, Stanford University

2005 228 x 152 mm 238pp 16 half-tones16 colour plates 5 tables 10 figures978 0 521 84400 0 (0 521 84400 2)Hardback £25.00

Corporate IntegrityRethinking Organizational Ethicsand LeadershipMarvin T. BrownUniversity of San Francisco

‘When Kofi Annan claims that ‘we arenot asking corporations to dosomething different from their normalbusiness; we are asking them to dotheir normal business differently’, veryfew really know what this means.Marvin Brown succeeds in showing ushow... Instead of looking at businessfrom a moral or top down perspective,he employs civic perspectives thatallow different voices to be heard,various perspectives and views to bevoiced, and multiple futures to bediscussed. He advocates a relationalapproach where dialogue is the means,changing the pattern ofcommunication part of the process andthe ultimate goal is living inrelationships of integrity. A timelycontribution to our world today, wherecynicism about business integrity is atan all time high.’Heidi von Weltzien Hoivik, President, EuropeanBusiness Ethics Network



33

The OutsourcingProcessStrategies for Evaluation andManagementRonan McIvorUniversity of Ulster

‘Outsourcing – and its internationalcounterpart, off shoring – areprominent again for manyorganizations thinking of survival inglobal competition. It is thereforegood to have a concise analysis of theoutsourcing process, with an emphasison how to manage and evaluate it.McIvor provides both a comprehensivesurvey of relevant academic literatureand a concrete framework for decidingwhat to outsource by taking accountof competition, capability, and marketrisk. With volumes of writing alreadyout there on this topic, this bookprovides a welcome respite for takingstock of what we know in theory andpractice.’Mari Sako, Said Business School, University ofOxford


The New CommunityFirmEmployment, Governance andManagement Reform in JapanT. InagamiUniversity of Tokyo

and D. Hugh WhittakerDoshisha Business School

Following the troubled 1990s, Whittakerand Inagami explore the changes inemployment practices, corporategovernance and management priorities,drawing on rich original data andproviding in-depth analysis of Hitachi, aleading electric company and enterprisegroup. Ideal reading for readers lookingfor fresh perspectives on the future ofJapanese business.


The Economics ofFranchisingRoger D. BlairUniversity of Florida

and Francine LafontaineUniversity of Michigan, Ann Arbor

‘In The Economics of Franchising, Blairand Lafontaine have provided anexceptionally comprehensive andcogent treatment of franchise law and

economics. They have made complexeconomic analysis accessible and atthe same time have revealed thehidden complexity behind some of thenaïve misconceptions associated withfranchising. But what I liked best wastheir ability to treat each topic with ablend of managerially relevantdiscussion and formal analysis. It is abook that will appeal to anyone with abusiness, legal or research interest infranchising.’Patrick Kaufmann, Boston University


The Business ofHealthcare InnovationEdited by Lawton Robert BurnsUniversity of Pennsylvania

‘The health care sector of thedeveloped world’s economies hasbecome one of the most significant interms of both cost and human benefitscreated. The authors have done anexcellent job of providing a clearunderstanding of the basic industryplatforms that create both the productinnovation and their associatedbenefits and costs. The book alsoprovides valuable insights as to howthe diverse segments converge tocreate the rapidly changing health careexperience impacting both patientsand payors.’James Vincent, Chairman and CEO (ret.), Biogen


TEXTBOOK

Economic Policy in theAge of GlobalisationNicola AcocellaUniversità degli Studi di Roma ‘La Sapienza’,Italy

Translated by Brendan Jones

Analysis of both the principles andtechniques of public intervention in aglobal economy.Contents: Preface; List of symbols;1. Introduction; Part I. The Market, Efficiencyand Equity: 2. Market failures:microeconomic aspects; 3. Market failures:macroeconomic aspects; Part II. Normativeand Positive Theory of Economic Policy:4. The normative theory of economic policy;5. Government failures: elements of apositive theory of economic policy;Part III. Microeconomic Policies: 6. Propertyrights, corporate governance and public

enterprises; 7. Competition policies. Policiesfor externalities and public goods;8. Industrial and regional policies.Redistributive policies; 9. Social choice andcost-benefit analysis;Part IV. Macroeconomic Policies:10. Macroeconomic schemes of analysis inan open economy; 11. Macroeconomicobjectives and monetary policy;12. Macroeconomic objectives and fiscalpolicy; 13. Incomes and price policies;14. Balance of payments policies; 15. Tradepolicies: free trade and protectionism; PartV. Private and Public Institutions in anInternational Setting: 16. Monetary systemsand exchange rate regimes;17. Development and trade organisations;18. Regional public institutions: theEuropean Union; Part VI. Globalisation andthe Quest for a New Institutional Setting:19. The internationalisation of privateinstitutions: the globalisation of marketsand production; 20. The challenges ofglobalisation for public policies; List ofreferences; List of boxes; Author index;Subject index.


Conflicts of InterestChallenges and Solutions inBusiness, Law, Medicine, andPublic PolicyEdited by Don A. MooreCarnegie Mellon University, Pennsylvania

Daylian M. CainCarnegie Mellon University, Pennsylvania

George LoewensteinCarnegie Mellon University, Pennsylvania

and Max H. BazermanHarvard University, Massachusetts

This collection explores the subject ofconflicts of interest. It investigates howto manage conflicts of interest, howthey can affect well-meaningprofessionals, and how they can limitthe effectiveness of corporate boards,undermine professional ethics, andcorrupt expert opinion. The results offera sobering prognosis for professionalethics and for anyone who relies onprofessionals who have conflicts ofinterest.




34


Performance andRewards ManagementAn Introduction to the Theoryand Practice of StrategicRemuneration ManagementJohn ShieldsUniversity of Sydney

Performance and Rewards Managementexamines contemporary theory andpractice in these key areas of HRM.Contents: 1. Performance, rewards andHRM: concepts, options and controversies;Part I. Conceptual Foundations: 2. Strategicdimensions of performance and rewardmanagement; 3. Behavioural dimensions ofperformance and reward management; PartII. Performance Management Methods andProcesses: 4. Results-based approaches toperformance management: goal-setting andthe balanced score-card; 5. Behaviourally-based approaches to performancemanagement: performance appraisal andcompetency assessment; 6. Reviewing,planning and developing individualperformance; Part III. Building Base Pay:7. Rewarding individuals for job content:job-based base pay; 8. Rewardingindividuals for skills and competencies:person-based base pay and broad banding;Part IV. Rewarding Performance:9. Rewarding individual performance: meritpay, bonuses and recognition awards;10. Rewarding group performance:gainshare, goalshare and team incentives;11. Rewards for organisationalperformance: profit-sharing and employeeshare plans; 12. Executive rewards;Part V. Integration and Evaluation:13. International performance and rewardmanagement; 14. Developing strategicallyintegrated performance and rewardmanagement systems: 15. Evaluating andtransforming performance and rewardsystems.

2007 250 x 176 mm 320pp978 0 521 82046 2 (0 521 82046 4)Hardback c. £30.00 Publication 2007

GRADUATE TEXTBOOK

Strategy andOrganizationRealizing Strategic ManagementLoizos HeracleousNational University of Singapore

Fresh approach to strategicmanagement includes application tocorporate governance and impact of theInternet.Contents: Part I. Bases of StrategicManagement: 1. The strategic managementfield; 2. An organizational action view of

strategic management; 3. Strategic thinkingor strategic planning?; 4. Leadership andthe board of directors; Part II. RealisingStrategy: 5. The complexities of strategyimplementation; 6. Organizational cultureand strategic change processes; 7. The roleof organizational discourse inunderstanding and managing strategicchange; 8. Strategic change processes: anorganization development approach; PartIII. Current Themes and Applications:9. State ownership, privatization andperformance; 10. Does corporategovernance make a difference toorganizational performance?; 11. Types ofinter-organizational networks and thestrategic roles of directors; 12. Organizingfor the future.


TEXTBOOK

Quantitative Models inMarketing ResearchPhilip Hans FransesErasmus Universiteit Rotterdam

and Richard PaapErasmus Universiteit Rotterdam

Presents the most important andpractically relevant quantitative modelsused for marketing research.Contents: 1. Introduction and outline ofthe book; 2. Features of marketing researchdata; 3. A continuous dependent variable;4. A binomial dependent variable; 5. Anunordered-multinomial dependent variable;6. An ordered-multinomial dependentvariable; 7. A limited dependent variable;8. A duration dependent variable; Appendix.


EconomicHistory

HIGHLIGHT

The Global Economy inthe 1990sA Long-Run PerspectiveEdited by Paul W. RhodeUniversity of North Carolina, Chapel Hill

and Gianni TonioloUniversità degli Studi di Roma ‘Tor Vergata’

The book brings together the insights ofworld-class economic historians toexplore the global scope, sources, andsustainability of the economic boom ofthe ‘roaring 1990s’. The essays contrastthe performance of faster movers (US,China, India) with slow growers (Europeand Japan), compare the IT revolutionwith previous innovation waves,examine the bubble and bust of assetprices and their effects on the realeconomy, and evaluate changes inmacro-policy and the welfare state. Incontrast to competing works, thevolume places the 1990s in a secular,global context.‘… an excellent collection of essays byan excellent group of economists andeconomic historians. Focusingattention on the U.S. economy in the1990s, with comparisons with othercountries and other periods, it providesan important economic history of thetwentieth century as well as an interesting starting point for the studyof the twenty-first century.’Stanley L. Engerman, Professor of Economicsand History, University of Rochester

2006 228 x 152 mm 318pp 54 tables49 figures978 0 521 85263 0 (0 521 85263 3)Hardback £45.00 978 0 521 61790 1 (0 521 61790 1)Paperback £19.99 Publication March 2006

Economic History

FORTHCOMING HIGHLIGHT - 5

VOLUME SET

PRINT AND ONLINE VERSIONS

AVAILABLE

The HistoricalStatistics of the UnitedStatesMillennial Edition Edited by Susan B. CarterScott Sigmund GartnerMichael R. HainesAlan L. OlmsteadRichard Sutchand Gavin Wright

A comprehensive compendium ofstatistics from over 1,000 sourcesrecording every aspect of the history ofthe United States. Over 80 scholarshave contributed their efforts andexpertise to select, assemble, anddocument the data, to write theintroductory essays, and to analyze thematerial.‘Forthcoming from CambridgeUniversity Press in the spring of 2006is an update of a landmark referencelong overdue for revision. HistoricalStatistics of the United States:Millennial Edition … a compendium ofstatistics from over 1000 sources lastupdated in the distant 1975, has beenexpanded to include over 37,000 dataseries-three times more than in theprevious edition-and dozens of newtopics, among them slavery, AmericanIndians, and poverty. The monumentalfive-volume work will be available inboth print and electronic formats.’Library Journal Reference Roundup

2006 279 x 215 mm 5000pp 2000 tables978 0 521 81791 2 (0 521 81791 9)5 Volume Set £475.00 Publication March 2006

For information on the FiveVolume print set: visitwww.cambridge.org/0521817919 For information on the electronicversion contact [email protected]

HIGHLIGHT


An Economic Historyof Twentieth-CenturyEuropeEconomic Regimes from Laissez-Faire to GlobalizationIvan T. BerendUniversity of California, Los Angeles

A major new history of economicregimes and economic performance inEurope throughout the twentiethcentury. Ivan T. Berend looks at thehistoric development of the twentieth-century European economy, examiningboth its failures and its successes inresponding to the challenges of thiscrisis-ridden and troubled but highlysuccessful age.Contents: 1. Europe’s Laissez-Faire Systemand its Impact Before World War I;2. Decline of Laissez-Faire and the Rise ofthe Regulated Market System; 3. EconomicDirigisme in Authoritarian-Fascist Regimes;4. The Centrally Planned Economic System;5. Mixed economy and Welfare State inPost-World War II Western Europe;6. Globalization: return to Laissez-Faire?;Bibliography.

2006 247 x 174 mm 356pp 41 tables46 figures978 0 521 85666 9 (0 521 85666 3)Hardback c. £45.00 978 0 521 67268 9 (0 521 67268 6)Paperback c. £19.99 Publication April 2006

FORTHCOMING

Alms for JihadCharity and Terrorism in theIslamic WorldJ. Millard Burrand Robert O. CollinsUniversity of California, Santa Barbara

Throughout their history, Muslims havedonated to charitable endowments setup for the purposes of promoting theirfaith. In recent years, there has been adramatic proliferation of such charities.While most of these are legitimate,there is now considerable and worryingevidence to show that others have morequestionable intentions, and that fundsare being diverted to support terrorism.This ground-breaking book, whichexamines the contention through aninvestigation of the charities involved, isthe first to piece together the secretfinancial systems that support terror.

2006 228 x 152 mm 332pp 4 tables1 figure 2 maps978 0 521 85730 7 (0 521 85730 9)Hardback c. £17.99 978 0 521 67395 2 (0 521 67395 X)Paperback c. £16.99 Publication March 2006

FORTHCOMING

Capitals of CapitalA History of InternationalFinancial Centres, 1780–2005Youssef CassisUniversité de Genève

This is the first comparative history ofthe financial centres that truly constitutethe capitals of capital – New York,London, Frankfurt, Paris, Zurich,Amsterdam, Tokyo, Hong Kong,Singapore. Youssef Cassis charts theirrise and fall and their central role inbanking and finance from the industrialage to the present.

2006 228 x 152 mm 330pp978 0 521 84535 9 (0 521 84535 1)Hardback c. £30.00 Publication August 2006

Central BankCooperation at theBank for InternationalSettlements, 1930–1973Gianni TonioloUniversità degli Studi di Roma ‘Tor Vergata’

Assisted by Piet Clement

Covers the history of the Bank forInternational Settlements (BIS), from itsfounding in Basel in 1930 to the end ofthe Bretton Woods system in 1973, witha focus on cooperation among the maincentral banks for the stability andefficiency of the international monetarysystem.Studies in Macroeconomic History

2005 228 x 152 mm 752pp 7 linediagrams 32 half-tones 5 tables978 0 521 84551 9 (0 521 84551 3)Hardback £75.00

NEW IN PAPERBACK

Global Capital MarketsIntegration, Crisis, and GrowthMaurice ObstfeldUniversity of California, Berkeley

and Alan M. TaylorUniversity of California, Davis

Shows that the recent globalization canbe seen, in part, as the resumption of aliberal world order that had previouslybeen established in the years1880–1914, but also points out that

35Economic History


36

much is different in terms of its causesand consequences.

Japan-US Center Sanwa Monographs on

International Financial Markets2005 228 x 152 mm 376pp978 0 521 67179 8 (0 521 67179 5)Paperback £16.99

NEW IN PAPERBACK

The ReluctantEconomistPerspectives on Economics,Economic History, andDemographyRichard A. EasterlinUniversity of Southern California

These essays by leading economistRichard A. Easterlin analyze therevolution in the human condition thatis sweeping the world. He asks if freemarkets are the key to humanimprovement, as today’s policy-makersoften assert. His responses employ asocial science approach, blendingeconomic theory, history, sociology, andpsychology.‘Reluctant? Richard Easterlin brings tohis work such a striking combinationof curiosity, enthusiasm, ambition,precision, and skepticism that wemight better call him the ThoughtfulEconomist. Here we witness himapplying his unique synthesis ofdemography, social psychology, andeconomic analysis to a vast but welldisciplined array of evidenceconcerning multiple times, places, andsocial phenomena.’Charles Tilly, Columbia University

2007 228 x 152 mm c.304pp 31 linediagrams 21 tables978 0 521 68511 5 (0 521 68511 7)Paperback c. £17.99 Publication May 2007978 0 521 82974 8 (0 521 82974 7)Hardback £45.00

FORTHCOMING

Finance Capitalism andGermany’s Rise toIndustrial PowerCorporate Finance, Governance,and Performance from the 1840sto the PresentCaroline FohlinThe Johns Hopkins University

The book offers many new insights intothe development of the Germancorporate finance system during thecountry’s industrialization from the1880s to World War I. Compared topast thinking, the treatment

demonstrates that the universal banksplayed a less heavy-handed role in theownership and control of corporatefirms, and that securities markets playeda more important role. These two partsof the system worked together inconcert, in stark contrast to the currenttendency to view strong banks andstrong markets as substitutes.Studies in Macroeconomic History

2006 228 x 152 mm 300pp 44 tables978 0 521 81020 3 (0 521 81020 5)Hardback c. £45.00 Publication October 2006

FORTHCOMING

Ecology, Economy andState Formation inEarly Modern GermanyPaul WardeUniversity of Cambridge

Original case study of how a peasantsociety in early modern Europesustained its economy.Cambridge Studies in Population, Economyand Society in Past Time, 41

2006 228 x 152 mm 320pp 15 tables14 figures 12 maps978 0 521 83192 5 (0 521 83192 X)Hardback c. £55.00 Publication April 2006

An Economic Historyof South AfricaConquest, Discrimination, andDevelopmentCharles H. FeinsteinUniversity of Oxford

This book examines five hundred yearsof South African economic history.

2005 228 x 152 mm 326pp 47 tables16 figures 5 maps978 0 521 85091 9 (0 521 85091 6)Hardback £45.00 978 0 521 61641 6 (0 521 61641 7)Paperback £19.99

TEXTBOOK

Gender and Poverty inNineteenth-CenturyEuropeRachel G. FuchsArizona State University

A history of the dramatic changes in thelives of poor women in nineteenth-century Europe.New Approaches to European History, 35

2005 228 x 152 mm 276pp 15 half-tones978 0 521 62102 1 (0 521 62102 X)Hardback £40.00 978 0 521 62926 3 (0 521 62926 8)Paperback £14.99

Warfare StateBritain, 1920–1970David EdgertonImperial College, London

Alternative account of the developmentof one of the greatest states of thetwentieth century.


FORTHCOMING

Slavery, Family andGentry Capitalism inthe British AtlanticThe World of the Lascelles,1648–1834S. D. SmithUniversity of York

A study of the formation of the BritishAtlantic World from the perspective ofYorkshire aristocratic families whoinvested in the West Indies from themid-seventeenth century to the 1830s.S. D. Smith offers a case study of theplantation-owning Lascelles and thenetworks they created with theirassociates.Cambridge Studies in Economic History -Second Series

2006 228 x 152 mm c.420pp 1 half-tone49 tables 19 figures978 0 521 86338 4 (0 521 86338 4)Hardback c. £55.00 Publication August 2006

Private and PublicEnterprise in EuropeEnergy, Telecommunications andTransport, 1830–1990Robert MillwardUniversity of Manchester

’This is a riveting, wide-ranginganalysis of the development of thesetechnologically-driven industries whichis absolutely vital reading forhistorians of this period. It isinterdisciplinary, internationallycomparative and also easy to read. Inmany ways it makes an excellentcompanion volume to Millward’s muchearlier economics text PublicExpenditure Economics (1971) andcould, along with other texts such asOz Shy’s The Economics of NetworkIndustries, provide the basis for achronologically long, internationallywide-ranging and economicallystimulating course on the internationaldevelopment of network industries.’Economic History Review

Economic History

37

Cambridge Studies in Economic History -Second Series

2005 228 x 152 mm 372pp 33 tables18 figures 1 map978 0 521 83524 4 (0 521 83524 0)Hardback £50.00

A History of CentralBanking in GreatBritain and the UnitedStatesJohn H. WoodWake Forest University, North Carolina

This book shows that importantcontinuities in central bankers’ behaviorgo a long way toward understandingthem, from their beginnings in the Bankof England in 1694 and the first Bankof the United States in 1791, to thepresent Bank and Federal Reserve.Studies in Macroeconomic History


Consuming SplendorSociety and Culture inSeventeenth-Century EnglandLinda Levy PeckGeorge Washington University, Washington DC

A fascinating study of the ways in whichconsumption transformed socialpractices, gender roles, royal policies,and the economy in seventeenth-century England. It reveals for the firsttime the emergence of consumer societyin seventeenth-century England.

2005 247 x 174 mm 420pp 48 half-tones978 0 521 84232 7 (0 521 84232 8)Hardback £20.00

The Economics ofWorld War IEdited by Stephen BroadberryUniversity of Warwick

and Mark HarrisonUniversity of Warwick

This volume studies the extent to whichWorld War I marked a fundamental shiftin the relationship between Europeangovernments and economies. It providesthe first systematic comparison ofeconomies of war based on the bestdata for Britain, Germany, France,Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands.


The Business of EmpireThe East India Company andImperial Britain, 1756–1833H. V. BowenUniversity of Leicester

The first detailed study of whathappened in Britain when the East IndiaCompany acquired a vast territorialempire in South Asia. It offers areconstruction of the inner workings ofthe Company as it made the remarkabletransition from business to empireduring the late-eighteenth century.


2 VOLUME SET

Cambridge EconomicHistory of LatinAmericaEdited by Victor Bulmer-ThomasRoyal Institute of International Affairs

John CoatsworthHarvard University, Massachusetts

and Roberto Cortés CondeUniversidad de San Andrés

An indispensable reference work foranyone interested in Latin America’seconomic development. It includes workfrom diverse perspectives, disciplinesand methodologies to provide asynthesis of the past two decades ofexciting new research on the region’seconomic past.

2006 228 x 152 mm 1500pp978 0 521 85716 1 (0 521 85716 3)2 Volume Set £170.00Publication February 2006

VOLUME 1

The Cambridge EconomicHistory of Latin AmericaVolume 1: The Colonial Era and the ShortNineteenth CenturyEdited by Victor Bulmer-ThomasJohn Coatsworthand Roberto Cortes-Conde


VOLUME 2

The Cambridge EconomicHistory of Latin AmericaVolume 2: The Long Twentieth CenturyEdited by Victor Bulmer-ThomasJohn Coatsworthand Roberto Cortes-Conde


FORTHCOMING IN PAPERBACK

Knowledge andCompetitiveAdvantageThe Coevolution of Firms,Technology, and NationalInstitutionsJohann Peter MurmannNorthwestern University, Illinois

A comparison of the development of thesynthetic dye industry in Great Britain,Germany, and the US. This constitutesan important chapter in business,economic, and technological historybecause synthetic dyes – invented in1857 – represent the first time that ascientific discovery quickly gave rise to anew industry.‘… the book is a short valuabletechnological history of dyes, as wellas a collection of databases on firmsand plants. There’s also acomprehensive bibliography and agood index. Murmann’s book willinterest and stimulate the thinking ofanyone involved in management in atechnology-based operation. I alsorecommend it to policy makers ingovernmental organizations that seekto influence international policy. AsMurmann hopes, it should alsoencourage additional research.’Chemical and Engineering NewsCambridge Studies in the Emergence ofGlobal Enterprise

2006 228 x 152 mm c.316pp978 0 521 68415 6 (0 521 68415 3)Paperback c. £14.95 Publication March 2006

FORTHCOMING

Jewish Forced LaborUnder the NazisEconomic Needs and Racial Aims,1938–1944Wolf Gruner

Forced labor was a key feature of Nazianti-Jewish policy and shaped the dailylife of almost every Jewish family inoccupied Europe. For the first time, thisbook systematically describes the

Economic History


38

implementation of forced labor for Jewsin Germany, Austria, the Protectorate,and the various occupied Polishterritories.

2006 228 x 152 mm 336pp978 0 521 83875 7 (0 521 83875 4)Hardback c. £40.00 Publication April 2006

FORTHCOMING

The Social Life ofMoney in the EnglishPastDeborah ValenzeBarnard College, New York

A study of how people understood andused money from 1630 to 1800 inEngland. Deborah Valenze shows howmoney became involved in relationsbetween people in ways that movedbeyond what we understand as itspurely economic functions.

2006 228 x 152 mm 290pp978 0 521 85242 5 (0 521 85242 0)Hardback c. £35.00 978 0 521 61780 2 (0 521 61780 4)Paperback c. £12.99 Publication July 2006

JOURNAL

The Journal ofEconomic HistoryEditors: C. Knick HarleyUniversity of Oxford

and Jeremy AtackVanderbilt University

Published for the Economic HistoryAssociation

The Journal of Economic History isdevoted to the interdisciplinary study ofhistory and economics, and is of interestnot only to economic historians but tosocial and demographic historians, aswell as economists in general. Thejournal has broad coverage, in terms ofboth method and geographic scope.Topics include money and banking,trade, manufacturing, technology,transportation, industrial organisation,labour, agriculture, servitude,demography, education, and the role ofgovernment and regulation. In addition,an extensive review section includes thelatest books in economic history andrelated fields.

http://journals.cambridge.org/jid_JEH

SubscriptionsVolume 66 in 2006: March, June, Septemberand DecemberInstitutions print and electronic: £120/$189Institutions electronic only: £102/$160Special arrangements exist for members ofEconomic History Association.Individuals members of the Economic HistoryAssociation receive the journal as part of theirdues.Print ISSN 0022-0507Electronic ISSN 1471-6372

JOURNAL

European Review ofEconomic HistoryEditors: Giovanni FedericoEuropean University Institute, Florence

Kevin H. O’RourkeTrinity College, Dublin

and Albrecht RitschlHumboldt University of Berlin

Published for the European HistoricalEconomics Society

The European Review of EconomicHistory has established itself as a majoroutlet for high-quality research ineconomic history, which is accessible toreaders from a variety of differentbackgrounds. The Review publishesarticles on a wide range of topics inEuropean, comparative and worldeconomic history. Contributions shednew light on existing debates, raise newor previously neglected topics andprovide fresh perspectives fromcomparative research. The Reviewincludes full-length articles, shorterarticles, notes and comments, debates,survey articles, and review articles.

http://journals.cambridge.org/jid_ERESubscriptions

Volume 10 in 2006: April, August andDecemberInstitutions print and electronic: £107/$172Institutions electronic only: £91/$148Individuals print only: £40/$61Member rates available - please enquireSpecial arrangements exist for members of theEuropean Historical Economics Society.Print ISSN 1361-4916Electronic ISSN 1474-0044

JOURNAL

Financial HistoryReviewEditors: Youssef CassisUniversity of Geneva

Duncan M. RossUniversity of Glasgow

and David WeimanBarnard College, Columbia University

Published for the European Associationfor Banking History

Financial History Review is theinternational forum for all scholars withinterests in the development of banking,finance, and monetary matters. Itseditors deliberately seek to embrace thebroadest approach to publishingresearch findings within this growinghistorical specialism. Articles addresscultural and social aspects as well asthe interrelations between politics andfinance. These presentations of currentresearch are complemented bysomewhat shorter pieces, specificallyconceived as aids to research. Eachissue contains a substantial reviewsection, and every complete volumecontains an annual bibliography.

http://journals.cambridge.org/jid_FHRSubscriptions

Volume 13 in 2006: April and OctoberInstitutions print and electronic: £85/EUR128/$143Institutions electronic only: £75/EUR113/$127Individuals print only: £34/$55Member rates available - please enquireSpecial arrangements exist for members ofEuropean Association for Banking History.Print ISSN 0968-5650Electronic ISSN 1474-0052

Economic History

39

EconomicDevelopmentand Growth

TEXTBOOK

NEW FOURTH EDITION

EconomicDevelopmentFourth editionE. Wayne NafzigerKansas State University

Contents: Part I. Principles and Conceptsof Development: 1. Introduction; 2. Themeaning and measurement of economicdevelopment; 3. Economic development inhistorical perspective; 4. Characteristics andinstitutions of developing countries;5. Theories of economic development;Part II. Poverty Alleviation and IncomeDistribution: 6. Poverty, malnutrition, andincome inequality; 7. Rural poverty andagricultural transformation; Part III. Factorsof Growth: 8. Population and development;9. Employment, migration and urbanization;10. Education, health, and human capital;11. Capital formation, investment choice,information technology, and technicalprogress; 12. Entrepreneurship,organization, and innovation; 13. Naturalresources and the environment: towardsustainable development; Part IV. TheMacroeconomics and InternationalEconomics of Development: 14. Monetary,fiscal, and incomes policy, and inflation;15. Balance of payments, aid, and foreigninvestment; 16. The external debt andfinancial crises; 17. International trade;Part V. Development Strategies:18. Development planning and policy-making: the state and the market;19. Stabilization, adjustment, reform, andprivatization.


Regulation andDevelopmentJean-Jacques Laffont‘In this impressive manuscript, JeanJacques Laffont shows why theregulation of infrastructure services iscrucial to achieve equitable andsustainable expansion of infrastructureservices in the poorest countries of theworld. This new book by one of thefathers of the modern theory ofregulation offers a huge first steptowards a theory of regulation ofnetwork industries for developingcountries and provides preliminary

empirical tests of this theory. It opensa huge new research agenda foracademics and helps practitionersimprove their ability to provideeffective policy advice. It is a requiredreading for anyone claiming to care forthe effectiveness of the delivery ofpublic services in developingcountries.’Antonio Estache, Senior Economic Advisor, TheWorld BankFederico Caffe Lectures

2005 216 x 138 mm 292pp 9 graphs978 0 521 84018 7 (0 521 84018 X)Hardback £45.00 978 0 521 54948 6 (0 521 54948 5)Paperback £17.99

TEXTBOOK

The Dynamics of Socio-EconomicDevelopmentAn IntroductionAdam SzirmaiTechnische Universiteit Eindhoven,Netherlands

Advance praise:‘… a scholarly and comprehensivetreatment of development economicsthat is accessible to a wide range ofsocial science and development studiesstudents. Its treatment of healthissues, education policy, and ruraldevelopment, along with itscomprehensive data tables, areunsurpassed in the developmenteconomics field.’Kenneth A. Reinert, Associate Professor of PublicPolicy, George Mason University

Contents: 1. Developing countries and theconcept of development; 2. Development ofthe international economic order,1450–2000; 3. Growth and stagnation:theories and experiences; 4. Technology anddevelopment; 5. Population anddevelopment; 6. Health, health care anddevelopment; 7. Education anddevelopment; 8. Economic development,structural transformation and primaryexports; 9. Industrial development;10. Agricultural development and ruraldevelopment; 11. State formation andpolitical aspects of development;12. Cultural dimensions of development;13. The international economic and politicalorder since 1945; 14. Foreign aid anddevelopment.


www.dynamicsofdevelopment.com

Emergent Economies,Divergent PathsEconomic Organization andInternational Trade in SouthKorea and TaiwanRobert C. Feenstraand Gary G. Hamilton

The economies of South Korea andTaiwan in the second half of the 20thcentury are to scholars of economicdevelopment what the economy ofBritain in the late 18th and early 19thcentury is to economic historians. Thisbook offers an original explanation ofthese development paths.Structural Analysis in the Social Sciences, 29

2006 228 x 152 mm 464pp 32 tables978 0 521 62209 7 (0 521 62209 3)Hardback £50.00 Publication April 2006

EconomicSystems

Economic Systems ofForaging, Agricultural,and IndustrialSocietiesFrederic L. PryorSwarthmore College, Pennsylvania

Frederic L. Pryor uses a multidisciplinaryapproach (economics, anthropology,statistics, history) to examine largesamples of foraging, agricultural, andindustrial societies. He isolates andstudies the development of theireconomic systems, explores societiesand their use of these systems, andexamines the impact of these economicsystems on their performance.


Economic Growth and Development / Economic Systems


40

Environmentaland NaturalResourceEconomics

HIGHLIGHT

Sustainable FossilFuelsThe Unusual Suspect in theQuest for Clean and EnduringEnergyMark JaccardSimon Fraser University, British Columbia

More and more people believe we mustquickly wean ourselves from fossil fuels– oil, natural gas and coal – to save theplanet from wars, environmentalcatastrophe and economic collapse.According to Professor Jaccard, thisview is misguided. Our vast fossil fuelresources will be the cheapest source ofclean energy for the next century andperhaps longer. By buying time forincreasing energy efficiency, developingrenewable energy technologies andmaking nuclear power more attractive,fossil fuels will play a key role in ourquest for a sustainable energy system.

• Explodes all the big myths about whywe should stop using fossil fuels rightnow

• Provocative and challenging, it willspark widespread debate

• Accessibly written using cleardiagrams and a minimum of jargon‘Jaccard’s well-researched study injectsa much-needed dose of reality into thediscussion of a ‘sustainable’ energysystem. It is the voice of the economisttempered by extensive practicalexperience in the field and an evidentconcern for the future of ourenvironment.’Dr Jake Jacoby, Professor of Management atMIT and Co-Director of the MIT Joint Programon the Science and Policy of Global Change

‘Mark Jaccard tackles the two keyglobal energy problems, an apparentshortage of oil and a dangerous buildup of CO2 in the atmosphere, andpresents an original perspective onhow simultaneously to resolve themwith such clarity that it appearsobvious – after you have read thebook!’Dr Jon Gibbins, Energy Technology forSustainable Development Group, MechanicalEngineering Department, Imperial CollegeLondon

‘Mark Jaccard skillfully makes the casethat those who leave modifying theway we use fossil fuels out of any planto achieve ‘sustainability’ in our energysystems surely confuse means withends. If our objectives are to improveenergy security and protect theenvironment at reasonable cost, hemakes clear that, with a little bit ofingenuity and resolve, our extensivefossil fuel resources could well be ourbest friend rather than our worstenemy.’Professor John Weyant, Department ofManagement Science and Engineering, StanfordUniversity

2006 228 x 152 mm c.370pp 9 tables26 figures978 0 521 86179 3 (0 521 86179 9)Hardback c. £40.00 978 0 521 67979 4 (0 521 67979 6)Paperback c. £14.99 Publication January 2006

TEXTBOOK

Ecological EconomicsAn IntroductionMichael CommonUniversity of Strathclyde

and Sigrid StaglUniversity of Sussex

‘This book provides a coherent accountof the major environmental challengesto economic and human progress ofthe twenty first century … Irecommended it highly to all studentsand scholars of the emerging field.’Neil Adger, University of East Anglia

‘How refreshing to see an introductoryeconomics textbook which begins bystating, ‘The pursuit of sustainabledevelopment … cannot be left tomarkets – there is an inescapable rolefor government’! This new text is thefirst I’ve seen which actually beginsfrom the beginning, setting theeconomy in its environmental contextand requiring no prior economicsindoctrination …This is an introductionto economics for the 21st century,economics as it must become if theprofession – and the global economyitself – are to survive.’Patricia E. Perkins, York University, Toronto

Contents: 1. What is ecologicaleconomics?; Part I. Interdependent Systems:2. The environment; 3. The economy in theenvironment; 4. How we got here; Part II.Economic Activity: 5. Economic accounting;6. Economic growth and human well-being;7. Economic growth and the environment;8. Exchange and markets; 9. Limits tomarkets; Part III. Governance:10. Determining policy objectives; 11. Policyinstruments; Part IV. The InternationalDimension: 12. A world of nation states;13. Climate change; 14. Biodiversity loss.

2005 247 x 174 mm 646pp 78 tables114 graphs 22 figures978 0 521 81645 8 (0 521 81645 9)Hardback £60.00 978 0 521 01670 4 (0 521 01670 3)Paperback £30.00

Future ElectricityTechnologies andSystemsEdited by Tooraj JamasbUniversity of Cambridge

William J. NuttallJudge Business School, Cambridge

and Michael G. PollittJudge Business School, Cambridge

An authoritative overview of the maintechnologies which could shape thefuture of electricity. By 2050, the UKaims to achieve a 60% reduction of1990 carbon dioxide emission levels -but both the electricity industry andpatterns of electricity use must changeradically if this is to be achieved. Thisbook explains how such ambitious goalsmight be realised. Each chapter iswritten by a technical expert in amanner accessible to readers interestedin energy technology, policy andeconomics.‘It’s a pleasure to see a book on futureelectricity systems that foreswears thenarrow advocacy of particulartechnologies and provides anauthoritative account of all the optionsthat may be needed in the comingdecades. Renewables, nuclear andfossil all have their place in this bookwhich not only deals with demand-sideoptions but places individualtechnologies in a whole systemscontext. With energy now a key policyconcern, this could become a standardreference for students andpractitioners alike’.Jim Skea, Research Director, UK Energy ResearchCentreDepartment of Applied EconomicsOccasional Papers, 67

2006 228 x 152 mm 300pp 15 half-tones48 tables 88 figures978 0 521 86049 9 (0 521 86049 0)Hardback c. £45.00 Publication May 2006

Natural Resources andEconomicDevelopmentEdward B. BarbierUniversity of Wyoming

‘Much of the development economicscommunity still seems unconvincedthat natural resource conservation hasmuch to do with lifting the poor out ofpoverty. In a fine selection of casestudies and rigorous arguments, Ed

Environmental and Natural Resource Economics

41

Barbier shows that they could not bemore mistaken. Few writers cancompete with Barbier’s authority inthis area - he commands respect forhis combination of field experience,sound theory and applied analysis. Thisis a volume to pore over and digest,but not at leisure. The problems areurgent and Barbier points the way totheir solution.’David Pearce


CorporateEnvironmentalism andPublic PolicyThomas P. LyonUniversity of Michigan, Ann Arbor

and John W. MaxwellIndiana University

‘This book is the best example of howserious economic theory can be usedto tackle many practical and relevantenvironmental problems. The authorsdo not only adopt the usual regulators’viewpoint, whose goal is to correctmarket imperfections. In addition, thisbook pays a lot of attention tobusiness incentives and to how freemarkets can profitably adopt self-regulation measures. As a consequencea wide range of policy strategiesemerges. This book is a valuablereading for both private and publicdecision makers.’Carlo Carraro, Professor of Economics, Universityof Venice and Research Director Fondazione ENIE Mattei, Venice

2004 228 x 152 mm 306pp 6 tables18 graphs978 0 521 81947 3 (0 521 81947 4)Hardback £45.00

Emissions Trading forClimate PolicyUS and European PerspectivesEdited by Bernd HansjürgensMartin Luther-Universität Halle-Wittenburg,Germany

Bringing together economists, politicalscientists and lawyers, this bookprovides a description, analysis andevaluation of emissions trading as aninstrument to control greenhouse gases.Offering a systematic comparison of USand European experiences of emissionstrading, it will be essential reading forall those concerned with climate policy.‘Readers who wish to become currenton emissions trading, but areoverwhelmed by the explodingliterature, can find a solution in this

book. Bringing together leadingexperts from both sides of the Atlantic,this insightful book summarizes whattheory, empirical research and practicalexperience has taught us about thisincreasingly popular environmentalpolicy.’Tom Tietenberg, Mitchell Family Professor ofEconomics, Colby College

Contributors: Bernd Hansjürgens,Thomas Sterner, Henrik Hammar,Carolyn Fischer, Reimund Schwarze,Robert N. Stavins, A. Denny Ellerman,Charles D. Kolstad, Richard D.Morgenstern, Mikael Skou Andersen,Gert Tinggaard Svendsen, Peter Zapfel,Michael Rodi, Sven Bode


GRADUATE TEXTBOOK

Risks and Decisions forConservation andEnvironmentalManagementMark BurgmanUniversity of Melbourne

Describes how to conduct a completeenvironmental risk assessment forstudents, researchers and professionalsin ecology, conservation and resourcemanagement.Contents: Preface; Acknowledgements;1. Values, history and perception; 2. Kindsof uncertainty; 3. Conventions and the riskmanagement cycle; 4. Experts, stakeholdersand elicitation; 5. Conceptual models andhazard assessment; 6. Risk ranking;7. Ecotoxicology; 8. Logic trees anddecisions; 9. Defining and eliciting intervals;10. Monte Carlo; 11. Inference, decisions,monitoring and updating; 12. Decisions andrisk management; References; Index.Ecology, Biodiversity and Conservation

2005 228 x 152 mm 500pp 111 linediagrams 1 half-tone 50 tables978 0 521 83534 3 (0 521 83534 8)Hardback £70.00 978 0 521 54301 9 (0 521 54301 0)Paperback £35.00

TEXTBOOK

Primer on ClimateChange andSustainableDevelopmentFacts, Policy Analysis, andApplicationsMohan Munasingheand Rob SwartContents: Foreword; Acknowledgements;1. Climate change: scientific backgroundand introduction; 2. Future scenarios ofdevelopment and climate change;3. Framework for making developmentmore sustainable: concepts and analyticaltools; 4. Making development moresustainable; 5. Adaptation to climatechange: concepts, approaches and linkageswith wider sustainable development issues;6. Vulnerability, impacts and adaptation bysectors and systems; 7. Vulnerability,impacts and adaptation by geographicregion; 8. Mitigating climate change:concepts and linkages with sustainabledevelopment; 9. Mitigating measures:technologies, practices, barriers and policyinstruments; 10. Assessment of mitigationcosts and benefits; 11. Climate change andsustainable development: a synthesis; Index.


TEXTBOOK

Global WarmingThe Complete BriefingThird editionJohn HoughtonIntergovernmental Panel on Climate Change

Contents: Introduction to the first edition;Introduction to the second edition;Introduction to the third edition; 1. Globalwarming and climate change; 2. TheGreenhouse effect; 3. The GreenhouseGases; 4. Climates of the past; 5. Modellingthe climate; 6. Climate change for thetwenty-first century and beyond; 7. Theimpacts of climate change; 8. Why shouldwe be concerned?; 9. Weighing theuncertainty; 10. Strategy for action to slowand stabilize climate change; 11. Energyand transport for the future; 12. The GlobalVillage; Glossary; Index.


Environmental and Natural Resource Economics


42

TEXTBOOK

Resource EconomicsJon M. ConradCornell University, New York

Contents: 1. Basic concepts; 2. Solvingnumerical allocation problems; 3. Theeconomics of fisheries; 4. The economics offorestry; 5. The economics of nonrenewableresources; 6. Stock pollutants; 7. Optionvalue and risky development; 8. Sustainabledevelopment; 9. Annotated bibliography.

2000 228 x 152 mm 223pp 22 linediagrams 1 half-tone 36 tables978 0 521 64012 1 (0 521 64012 1)Hardback £50.00 978 0 521 64974 2 (0 521 64974 9)Paperback £18.99

TEXTBOOK

The Farming GameAgricultural Management andMarketingSecond editionBill MalcolmUniversity of Melbourne

Jack MakehamQueensland University of Technology

and Vic WrightUniversity of New England, Australia

Contents: 1. Introduction; 2. The wholefarm business; 3. Analysing the whole farmbusiness; 4. Analysing innovation in thewhole farm business; 5. Managing risk anduncertainty; 6. Marketing agriculturalproducts; 7. Conclusion.

2005 247 x 174 mm 304pp978 0 521 53755 1 (0 521 53755 X)Paperback £22.99

TEXTBOOK

The Science andPolitics of GlobalClimate ChangeA Guide to the DebateAndrew E. DesslerTexas A & M University

and Edward A. ParsonUniversity of Michigan, Ann Arbor

Contents: 1. Global climate change: a newtype of environmental problem; 2. Science,politics, and science in politics; 3. Climatechange: present scientific knowledge anduncertainties; 4. The climate change policydebate: impacts and potential responses;5. The present impasse and steps forward;Glossary; Appendices; Bibliography; Index.

2006 247 x 174 mm 200pp 12 linediagrams 6 half-tones 4 tables978 0 521 83170 3 (0 521 83170 9)Hardback £45.00 978 0 521 53941 8 (0 521 53941 2)Paperback £19.99 Publication January 2006

GRADUATE TEXTBOOK

Volcanoes and theEnvironmentEdited by Joan MartiInstitut de Ciències de la Terra ‘Jaume Almera’,Barcelona

and Gerald G. J. ErnstUniversiteit Gent, Belgium

Contents: Introduction; 1. Understandingthe physical behaviour of volcanoes;2. Volcano hazards; 3. Anticipating volcaniceruptions; 4. Volcanoes and the geologicalcycle; 5. Effects of volcanic eruptions on theatmosphere and climate; 6. Volcanoes,hydrothermal venting and the origin of life;7. Volcanism and mass extinction; 8. Effectsof modern volcanic impacts on vegetation;9. Animals and volcanoes: survival andrevival; 10. Human impacts of volcanoes;11. Volcanoes, geothermal energy and theenvironment; 12. Volcanic-hosted oredeposits; 13. Industrial uses of volcanicmaterials; 14. Volcanoes, society andculture; 15. Volcanoes and the economy;References; Index.


Discovering NatureGlobalization and EnvironmentalCulture in China and TaiwanRobert P. WellerBoston University

A description of the extraordinarytransformations which have taken placein Chinese and Taiwanese responses tothe environment across the twentiethcentury. The comparison between Chinaand Taiwan reveals surprisingsimilarities, showing how globalizationand shared cultural traditions haveoutweighed political differences inshaping their environments.

2006 228 x 152 mm 194pp 8 half-tones978 0 521 83959 4 (0 521 83959 9)Hardback £40.00 978 0 521 54841 0 (0 521 54841 1)Paperback £15.99 Publication February 2006

JOURNAL

Environment andDevelopmentEconomicsEditor: Anastasios XepapadeasUniversity of Crete

Published in association with the BeijerInstitute of Ecological Economics, RoyalSwedish Academy of Sciences

This journal, firmly positioned at theintersection of economics, environmentand development, publishes original

papers addressed to the research andpolicy communities, and is designed tobe accessible to a broad readership. TheEditor and Associate Editors aresupported by distinguished panels ofadvisors from around the world, whotogether ensure that the journal is amajor forum for key research conductedin low-income countries as well aselsewhere, and for the work of youngerscholars. The journal is divided into twomain sections, Theory and Applicationsand Policy Options.

http://journals.cambridge.org/jid_EDESubscriptions

Volume 11 in 2006: February, April, June,August, October and DecemberInstitutions print and electronic: £195/$297Institutions electronic only: £159/$247Individuals print only: £48/$75Individuals in low-income countries: £26Member rates available - please enquireThe following receive a subscription as part oftheir society/organization membership: BeijerInstitute.Print ISSN 1355-770XElectronic ISSN 1469-4395

RegionalEconomics

FORTHCOMING

The EconomicGeography ofInnovationEdited by Karen R. PolenskeMassachusetts Institute of Technology

Flows of information and knowledgewithin and across firms, regions andnations are of key importance to bothnational and regional governmentsseeking to create new industries andemployment opportunities. This bookexamines how innovation occurs acrossthe globe, and how institutional factors,including gender and culture, facilitateor hamper these flows of informationand knowledge. It also includes asection on the quantitativemeasurements of innovation and itsgeographical dispersal. It is a distinctivecontribution to the growing field ofinnovation studies.

2006 228 x 152 mm c.400pp978 0 521 86528 9 (0 521 86528 X)Hardback c. £48.00Publication October 2006

Regional Economics

43

TEXTBOOK

An Introduction toGeographicalEconomicsTrade, Location and GrowthSteven BrakmanRijksuniversiteit Groningen, The Netherlands

Harry GarretsenKatholieke Universiteit Nijmegen, TheNetherlands

and Charles van MarrewijkErasmus Universiteit Rotterdam

An integrated, non-mathematical, first-principles textbook presentinggeographical economics to advancedstudents. Never avoiding advancedconcepts, its emphasis is on examples,diagrams, and empirical evidence,making it the ideal starting point beforedelving into monographic and journalmaterial.Contents: 1. A first look at geography,trade and development; 2. Geography andeconomic theory; 3. The core model ofgeographical economics; 4. Solutions andsimulations; 5. Geographical economics andempirical evidence; 6. Refinements andextensions; 7. Cities and congestion: theeconomics of Zipf’s Law; 8. Agglomerationand international business; 9. The structureof international trade; 10. Dynamics andeconomic growth; 11. The policyimplications and value added ofgeographical economics; References.


JOURNAL

The China QuarterlyEditor: Julia StraussSchool of Oriental and African Studies

Published for the School of Oriental andAfrican Studies

The China Quarterly is the leadingscholarly journal in its field, covering allaspects of contemporary Chinaincluding Taiwan. Its interdisciplinaryapproach covers a range of subjectsincluding anthropology/sociology,literature and the arts,business/economics, geography, history,international affairs, law, and politics.Edited to rigorous standards the journalpublishes high-quality, authoritativeresearch, keeping readers up to datewith events in China. Every year there

is a special issue. In 2006 it will be onThe History of the People’s Republic ofChina, 1949-76.

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Volumes 185-188 in 2006: March, June,September and DecemberInstitutions print and electronic: £104/$172Institutions electronic only: £96/$160Individuals print only: £40/$69Students: £20/$35Print ISSN 0305-7410Electronic ISSN 1468-2648

JOURNAL

The Journal of ModernAfrican StudiesEditor: Christopher ClaphamUniversity of Cambridge

The Journal of Modern African Studiesoffers a quarterly survey ofdevelopments in modern African politicsand society. Its main emphasis is oncurrent issues in African politics,economies, societies and internationalrelations. It is intended not only forstudents and academic specialists, butalso for general readers andpractitioners with a concern for modernAfrica, living and working both insideand outside the continent. Editorialpolicy avoids commitment to anypolitical viewpoint or ideology, but aimsat a fair examination of controversialissues in order to promote a deeperunderstanding of what is happening inAfrica today.

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Volume 44 in 2006: March, June, Septemberand DecemberInstitutions print and electronic: £173/$287Institutions electronic only: £152/$252Individuals print only: £48/$76Member rates available - please enquirePrint ISSN 0022-278XElectronic ISSN 1469-7777

JOURNAL

Journal of LatinAmerican StudiesEditors: Paul CammackManchester Metropolitan University

James DunkerleyUniversity of London

and Rachel SiederUniversity of London

With over 30 years of continuouspublication, Journal of Latin AmericanStudies presents recent research in thefield of Latin American studies ineconomics, geography, politics,international relations, sociology, socialanthropology, economic history andcultural history. Regular features includearticles on contemporary themes,specially commissioned commentariesand an extensive section of bookreviews. There is no commitment to anypolitical viewpoint or ideology.

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Volume 38 in 2006: February, May, Augustand NovemberInstitutions print and electronic: £175/$291Institutions electronic only: £154/$256Individuals print only: £52/$80Students: £29/$45Member rates available - please enquireSpecial arrangements exist for members ofthe Latin American Studies Association.Print ISSN 0022-216XElectronic ISSN 1469-767X

Regional Economics


44 Author and Title

AAbadir, Karim M......................................7Acemoglu, Daron....................................1Acocella, Nicola ....................................33Acs, Zoltan ...........................................31Adam Smith's Moral Philosophy..............4Advances in Economics and

Econometrics: Theory and Applications ..................................8

Alms for Jihad ......................................35Altug, Sumru ........................................14Alvarez, José Luis..................................31American Political Science Review.........27Andrews, Donald W. K. ...........................6Annuity Markets and Pension Reform....18Antitrust Law........................................28Applied Choice Analysis ..........................9Applied Time Series Econometrics............8Architects of Political Change................24Armington, Catherine ...........................31Armitage, Seth......................................19Artis, Michael........................................17Atack, Jeremy .......................................38Avant, Deborah D. ................................25

BBackhouse, Roger ...................................4Bailey, Roy E. ........................................18Banerjee, Anindya .................................17Barbier, Edward B. ................................40Barnett, William A.................................15Barrera, Albino........................................5Barreto, Humberto ..................................6Barth, James R......................................18Bateman, Bradley....................................4Bates, Robert H.....................................23Bazerman, Max H. ................................33Benvenisti, Eyal.....................................28Berend, Ivan T. ......................................35Beyond the Miracle of the Market .........23Bierens, Herman J. ..................................8Blackorby, Charles...................................8Blair, Roger D..................................28, 33Bloche, Gregg .......................................26Bossert, Walter .......................................8Bouchaud, Jean-Philippe .......................20Bovens , Luc ...........................................5Bowen, H. V. .........................................37Brakman, Steven.............................16, 43Brennan, Geoffrey...................................5Brix, Anders ..........................................19Broadberry, Stephen..............................37Brooks, Chris ........................................20Brooks, Robin .......................................23Brousseau, Eric .....................................29Brown, J. R. .........................................21Brown, Jeffrey.......................................20Brown, Marvin T....................................32Bryant, W. Keith ......................................2Bulmer-Thomas, Victor ..........................37Burgman, Mark.....................................41Burns, Lawton Robert ...........................33Burr, J. Millard.......................................35Burton, Richard M. ...............................30Business of Empire, The.........................37Business of Healthcare Innovation, The..33

CCain, Daylian M. ...................................33Calculus of Retirement Income, The.......18Cambridge Companion to Adam Smith,

The ......................................................4Cambridge Companion to Keynes, The ....4Cambridge Economic History of Latin

America .............................................37Cambridge Economic History of Latin

America, The ......................................37Cameron, A. Colin...................................5Cammack, Paul.....................................43Campbell, Donald E. ...............................3Capital Budgeting.................................20Capitalism, Democracy, and Welfare......22Capitals of Capital ................................35Caprio Jr., Gerard..................................18Caputo, Michael R. .................................9Carter, Susan B. ....................................35Cassis, Youssef................................35, 38Central and Eastern European

Countries and the European Union, The .........................................17

Central Bank Cooperation at the Bank for International Settlements,1930–1973 .......................................35

Chadha, Jagjit S. ...................................14Chamley, Christophe P. ...........................3Champ, Bruce .......................................15Changing Lanes in China ......................25Checchi, Daniele .....................................2Chiarella, Carl.......................................14China Quarterly, The .............................43Clapham, Christopher ...........................43Clement, Piet ........................................35Coatsworth, John..................................37Colander, David ....................................14Collins, Robert O...................................35Common, Michael.................................40Competition Policy ................................13Concise Handbook of Movie Industry

Economics, A......................................30Concise Introduction to Econometrics, A..6Conde, Roberto Cortés..........................37Conflicts of Interest...............................33Conrad, Jon M. .....................................42Consuming Splendor.............................37Corbae, Dean..........................................6Corbridge, Stuart ..................................26Corporate Environmentalism and

Public Policy.......................................41Corporate Integrity................................32Cortes-Conde, Roberto..........................37Cost of Capital, The ..............................19Cotter, Thomas F. ..................................28Course in Financial Calculus, A..............20Course in Public Economics, A...............25Cox, David............................................10Crompton, Rosemary ............................30Curien, Nicolas .....................................29

DDavis, Gerald F. .....................................23Davis, Timothy.........................................4Dayananda, Don ...................................20de Bijl, Paul ..........................................30

Dedrick, Jason ......................................31Demange, Gabrielle ..............................13Democracy Derailed in Russia................23Democracy, Education, and Equality ........8DeSanctis, Gerardine.............................30Designing Economic Mechanisms..........10Dessler, Andrew E. ................................42Dewatripont, Mathias .............................8Dijk, Dick van .........................................7Discovering Nature ...............................42Discrete Choice Methods with

Simulation .........................................11Donaldson, David J. ................................8Dopfer, Kurt ............................................4Dorofeev, Sergey...................................10Dosi, Giovanni ......................................29Dunkerley, James ..................................43Durlauf, Steven N. ...................................6Dynamic Macroeconomic Analysis .........14Dynamics of Socio-Economic

Development, The ..............................39

EEasterlin, Richard A...............................36Ecological Economics ............................40Ecology, Economy and State Formation

in Early Modern Germany...................36Econometric Foundations ........................7Econometric Theory.................................9Econometric Theory and Practice .............6Econometrics of Qualitative Dependent

Variables..............................................8Economic Analysis, Moral Philosophy

and Public Policy ..................................3Economic Analysis of Social Common

Capital.................................................3Economic Compulsion and Christian

Ethics .................................................5Economic Development.........................39Economic Dynamics ..............................11Economic Foundations of Law and

Organization......................................27Economic Geography of Innovation,

The ....................................................42Economic History of South Africa, An.....36Economic History of Twentieth-Century

Europe, An .........................................35Economic Implications of Aging

Societies, The .....................................22Economic Organization of the

Household, The ....................................2Economic Origins of Dictatorship and

Democracy ...........................................1Economic Policy in the Age of

Globalisation .....................................33Economic Systems of Foraging,

Agricultural, and Industrial Societies ...39Economics and Philosophy ......................5Economics and Social Interaction ............4Economics and the Theory of Games .....13Economics of Contracts, The..................29Economics of Education, The ...................2Economics of Europe, The......................16Economics of Exchange Rates, The ........15Economics of Financial Markets, The......18Economics of Franchising, The ...............33

45Author and Title


Economics of Input-Output Analysis,The ......................................................2

Economics of Mobile Telecommunications, The....................29

Economics of Network Industries, The ...13Economics of World War I, The ..............37Edgerton, David ....................................36Elements of Distribution Theory .............11Emergent Economies, Divergent Paths...39Emissions Trading for Climate Policy ......41Employment and the Family ..................30Enders, Walter.......................................21Entertainment Industry Economics.........19Entrepreneurship, Geography, and

American Economic Growth ...............31Environment and Development

Economics .........................................41Ernst, Gerald G. J. .................................42Essays in Econometrics............................9Essentials of Statistical Inference...........10Etheridge, Alison...................................20Europe and the Politics of Capabilities ..23European Review of Economic History...38Evensky, Jerry..........................................4Evolutionary Foundations of Economics,

The ......................................................4

FFarming Game, The ...............................42Farrell, Joseph.......................................12Federalism and Economic Reform..........22Federalism and the Market....................22Federico, Giovanni ................................38Feenstra, Robert C. ...............................39Feinstein, Charles H. .............................36Finance Capitalism and Germany's

Rise to Industrial Power .....................36Financial History Review .......................38Finn, Daniel ............................................4Fish, M. Steven .....................................23Flaschel, Peter.......................................14Fohlin, Caroline.....................................36Foundations for a Disequilibrium

Theory of the Business Cycle ..............14Foundations of Dynamic Economic

Analysis ...............................................9France in Crisis .....................................25Franke, Reiner .......................................14Frankel, Jeffery A...................................15Franses, Philip Hans ......................6, 7, 34Freedman, David...................................10Freeman, Scott......................................15From Elections to Democracy ................24Frontiers in Applied General

Equilibrium Modeling .........................13Fuchs, Rachel G. ...................................36Future Electricity Technologies and

Systems .............................................40

GGarretsen, Harry .............................16, 43Gartner, Scott Sigmund .........................35Gaspar, Vítor.........................................14Gender and Poverty in

Nineteenth-Century Europe ................36Georgakopoulos, Nicholas L. .................27

Ghysels, Eric ...........................................9Glachant, Jean-Michel...........................29Glazer, Amihai ......................................12Global Capital Markets .........................35Global Crises, Global Solutions................1Global e-commerce...............................31Global Economy in the 1990s, The ........34Global Warming....................................41Globalization and the International

Financial System ................................17Globalization, Politics, and Financial

Turmoil ..............................................21Gourieroux, Christian ..............................8Granato, Jim .........................................24Granger, Clive W. J. .................................9Grant, Peter ..........................................10Graziadei, Michele ................................28Greene, William H. ..................................9Greif, Avner...........................................21Gretton, George L.................................28Grosse, Robert ......................................32Grote, Rainer ........................................29Group Formation in Economics..............13Gruber, Harald ......................................29Gruner, Wolf .........................................37Gui, Benedetto .......................................4Guillén, Mauro......................................32

HHaakonssen, Knud ..................................4Haberman, Steven ................................21Haines, Michael R. ................................35Hamilton, Gary G. .................................39Hamilton's Paradox...............................22Hand, D. J. ............................................10Hansen, Bruce E. ....................................6Hansen, Lars Peter ..................................8Hansjürgens, Bernd...............................41Harcourt, G. C.......................................15Harrison, Mark......................................37Harrison, Steve .....................................20Hauck, Robert J-P ...........................26, 27Hausman, Daniel M. ...............................3Hayes, Mark H. .....................................21Health Economics, Policy and Law.........26Hensher, David A. ...................................9Heracleous, Loizos ................................34Herbohn, John ......................................20Herrera, Yoshiko M................................24Herzberg, A. M. ....................................10Higham, Desmond ................................19Hillman, Arye L. ....................................25Hirsch, Moshe.......................................28Hirshleifer, David...................................12Hirshleifer, Jack .....................................12Historical Statistics of the United

States, The .........................................35History of Central Banking in Great

Britain and the United States, A .........37Hodgson, Geoffrey M..............................5Honohan, Patrick ..................................19Houghton, John ....................................41How Russia is Not Ruled.......................23Howland, Frank ......................................6Hsiao, William.......................................26Huang, Yasheng....................................25Huizinga, Harry .....................................13

Hurwicz, Leonid ....................................10Hutter, Bridget ......................................30Hylton, Keith N. ....................................28

IIbata-Arens, Kathryn .............................31Identification and Inference for

Econometric Models.............................6Imagined Economies.............................24Immigration and the Transformation

of Europe...........................................24Impact of International Law on

International Cooperation, The ...........28Imperfect Knowledge and Monetary

Policy.................................................14Inagami, T. ............................................33Incentives ...............................................3Information Efficiency in Financial and

Betting Markets .................................19Innovation and Entrepreneurship in

Japan.................................................31Institutions and the Path to the

Modern Economy...............................21Intellectual Property..............................28International Business and Government

Relations in the 21st Century .............32International Organization ....................26International Public Goods and

Transfer of Technology Under AGlobalized Intellectual Property Regime ..............................................28

Internationalisation of Asset Ownership in Europe, The ....................................13

Internet and Digital Economics..............29Introduction to Economic Dynamics,

An .....................................................11Introduction to Financial Option

Valuation, An .....................................19Introduction to Geographical

Economics, An....................................43Introduction to the Mathematical and

Statistical Foundations of Econometrics .......................................8

Introductory Econometrics.......................6Introductory Econometrics for Finance...20Irons, Richard........................................20Irwin, Douglas A. ..................................17Isard, Peter ...........................................17Islam and the Moral Economy.................2Issing, Otmar ........................................14Iversen, Torben .....................................22

JJaccard, Mark .......................................40Jackson, John E.....................................25Jacobs, Rowena ....................................12Jaffe, Amy M.........................................21Jamasb, Tooraj .....................................40Jenkins, Mark........................................32Jewish Forced Labor Under the Nazis ....37Jewson, Stephen...................................19Johnson, James D. ................................27Jones, Brendan .....................................33Jonung, Lars .........................................13Journal of Economic History, The ...........38Journal of Institutional Economics ...........5

46 Author and Title

Journal of Modern African Studies,The ....................................................43

Journal of Pension Economics and Finance..............................................21

Journal of Public Policy .........................26Judge, George G. ....................................7

KKawanishi, Hirosuke..............................30Kehoe, Timothy J. ..................................13Khalil, Elias L. .........................................5Kieninger, Eva-Maria .............................28Kim, In-Moo ...........................................8Klassen, Paul B. ......................................8Klich, Jacek...........................................25Knapp, Martin.......................................26Knick Harley, C. ....................................38Knowledge Accumulation and Industry

Evolution ...........................................29Knowledge and Competitive

Advantage .........................................37Knowledge, Scale and Transactions in

the Theory of the Firm........................29Koenker, Roger........................................8Kolm, Serge-Christophe.........................26Kraemer, Kenneth L...............................31Krätzig, Markus ......................................8Krishna, Pravin......................................17

LLaeven, Luc...........................................19Laffont, Jean-Jacques............................39Lafontaine, Francine..............................33Langlois, Richard N. ................................5Law in a Market Context ......................28Leach, John ..........................................25Lee, Dwight R. ......................................12LeRoy, Stephen F. ..................................20Levine, Ross..........................................18Lines, Marji ...........................................11Loewenstein, George ............................33Lomborg, Bjørn.......................................1Lütkepohl, Helmut...................................8Lynch, Allen C. ......................................23Lyon, Thomas P. ....................................41

MMaas, Harro............................................5Mackenzie, George A. (Sandy) ...............18Macroeconomic Dynamics.....................15Macroeconomics in Emerging Markets ..15Macrojustice .........................................26Maddala, G. S. ........................................8Magnus, Jan R. .......................................7Makeham, Jack.....................................42Malcolm, Bill.........................................42Malloy, Robin Paul ................................28Managerial Economics ..........................32Managing Services................................31Marauhn, Thilo......................................29Marcellino, Massimiliano.......................17Mares, Isabela ......................................22Market for Force, The ............................25Marrewijk, Charles van .........................43Marti, Joan ...........................................42Martin, Lisa L........................................26

Maskus, Keith E. ...................................28Matrix Algebra........................................7Maxwell, John W...................................41Mazzucato, Mariana .............................29McAdam, Doug ....................................23McIvor, Ronan.......................................33McKenzie, Richard B..............................12McPherson, Michael S.............................3Measuring Efficiency in Health Care ......12Medio, Alfredo ......................................11Melville, Nigel P. ...................................31Microeconometrics..................................5Microeconomics for MBAs ....................12Milevsky, Moshe ...................................21Milevsky, Moshe A. ...............................18Milgrom, Paul .......................................13Miller, Douglas J......................................7Millward, Robert ...................................36Milton-Smith, John................................31Mittelhammer, Ron C. .............................7Miyamoto, Yuki .....................................31Modeling Monetary Economies .............15Montiel, Peter J.....................................15Moore, Don A. ......................................33Moore, Mike .........................................17Moral Ecology of Markets, The ................4Morroni, Mario .....................................29Mossialos, Elias.....................................26Motta, Massimo ...................................13Mouer, Ross..........................................30Moul, Charles C. ...................................30Mueller, Dennis C..................................26Multiparty Democracy ...........................24Munasinghe, Mohan.............................41Murmann, Johann Peter ........................37

NNafziger, E. Wayne ................................39Nankervis, Alan.....................................31Nations and Firms in the Global

Economy............................................16Natural Gas and Geopolitics .................21Natural Resources and Economic

Development .....................................40Neal, Larry ............................................16New Community Firm, The ....................33New Transnational Activism, The............22Nolan, Charles ......................................14Non-Linear Time Series Models in

Empirical Finance .................................7Nonlinear Dynamics ..............................11Nooteboom, Bart ....................................5Nuttall, William J...................................40Nyce, Steven A......................................22

OO’Rourke, Kevin H.................................38Obel, Børge ..........................................30Obstfeld, Maurice .................................35Oliver, Adam .........................................26Olmstead, Alan L. .................................35Organizational Design...........................30Organizational Encounters with Risk .....30Orszag, J. Michael ................................21Outsourcing Process, The.......................33

PPaap, Richard........................................34Pagano, Ugo...........................................5Parson, Edward A..................................42Parsons, Craig A....................................24Pasternak, Ken......................................32Peck, Linda Levy ...................................37Peitz, Martin .........................................30Performance and Rewards

Management .....................................34Performance at the Limit.......................32Perspectives on Politics .........................27Phillips, Peter C. B. ..................................9Polenske, Karen R. ................................42Political Economy of Poland's

Transition, The....................................25Political Economy of State-Society

Relations in Hungary and Poland,The ....................................................23

Political Economy of Terrorism, The........21Pollitt, Michael G. .................................40Poole, Keith T. .......................................11Population Issues in Social Choice

Theory, Welfare Economics, and Ethics...................................................8

Post Walrasian Macroeconomics............14Potoski, Matthew..................................31Potters, Marc ........................................20Power, Michael .....................................30Poznanska, Krystyna .............................25Prakash, Aseem ....................................31Price Theory and Applications................12Primer on Climate Change and

Sustainable Development ...................41Principles and Methods of Law and

Economics .........................................27Principles of Financial Economics ..........20Private and Public Enterprise in

Europe...............................................36Pryor, Frederic L. ...................................39PS: Political Science & Politics................27Public Choice III ....................................26Public Finance and Public Policy ............25Putting Auction Theory to Work.............13

QQuantile Regression................................8Quantitative Models in Marketing

Research............................................34

RRational Herds........................................3Razin, Assaf ..........................................23Regional Economic Voting.....................22Regional Multinationals, The .................32Regulation and Development ................39Regulation and Entry into

Telecommunications Markets..............30Regulation of International Financial

Markets, The ......................................29Regulatory Bargaining and Public Law ..28Reichman, Jerome H. ............................28Reiter, Stanley.......................................10Reluctant Economist, The ......................36Resource Economics .............................42Rethinking Bank Regulation..................18

47Author and Title


Rise of Spanish Multinationals, The .......32Risks and Decisions for Conservation

and Environmental Management........41Risse, Thomas .......................................26Ritschl, Albrecht ....................................38Robinson, James A..................................1Rodden, Jonathan A. ............................22Roemer, John E. ......................................8Role of Policymakers in Business Cycle

Fluctuations, The ................................24Roncaglia, Alessandro .............................3Rose, John M..........................................9Rose, Richard........................................26Rose-Ackerman, Susan..........................24Rosefielde, Steven.................................23Ross, Duncan M....................................38Ross, Stephen A. ...................................20Rossi, Jim .............................................28Rowland, Patrick...................................20Rugman, Alan M...................................32Russia in the 21st Century ....................23

SSalais, Robert........................................23Sandler, Todd ........................................21Sarno, Lucio..........................................15Satyanath, Shanker ...............................21Schieber, Sylvester J...............................22Schofield, Norman ................................24Science and Politics of Global Climate

Change, The.......................................42Scott, W. Richard...................................23Security Rights in Movable Property in

European Private Law ........................28Seeing the State ...................................26Selected Statistical Papers of Sir

David Cox ..........................................10Seleny, Anna.........................................23Selling China ........................................25Sened, Itai ............................................24Severini, Thomas A................................11Shapiro, Carl.........................................12Sharing Executive Power .......................31Shields, John.........................................34Shone, Ronald ......................................11Shy, Oz .................................................13Sieder, Rachel .......................................43Sigelman, Lee .......................................27Skeptical Environmentalist, The ...............1Slavery, Family and Gentry Capitalism

in the British Atlantic .........................36Smeeding, Timothy M............................24Smith, Peter C.......................................12Smith, R. L. ...........................................10Smith, S. D. ...........................................36Smith, Timothy B. ..................................25Social Life of Money in the English

Past, The ............................................38Social Movements and Organization

Theory ...............................................23Social Security Reform...........................23Sociology of Work in Japan, A ...............30Spatial Models of Parliamentary

Voting................................................11Srinivasan, T. N................................13, 22Srivastava, Manoj .................................26

Stagl, Sigrid ..........................................40Statistical Models .................................10Statistics, Econometrics and

Forecasting ..........................................7Statistics for Real-Life Sample Surveys...10Stock, James H. ......................................6Storme, Matthias E. ..............................28Strategy and Organization ....................34Strauss, Julia .........................................43Street, Andrew......................................12Structure of Post-Keynesian Economics,

The ....................................................15Sugden, Robert .......................................4Sustainable Fossil Fuels.........................40Sutch, Richard.......................................35Svejenova, Silviya..................................31Swanson, Norman R. ..............................9Swart, Rob............................................41Systemic Financial Crises.......................19Szirmai, Adam.......................................39

TTarrow, Sidney ......................................22Taxation, Wage Bargaining, and

Unemployment ..................................22Taylor, Alan M.......................................35Taylor, Mark P. ......................................15Taylor, Ruth...........................................31ten Raa, Thijs ..........................................2Theory of Financial Risk and Derivative

Pricing ...............................................20Thun, Eric .............................................25Toniolo, Gianni ...............................34, 35Trade Blocs ...........................................17Train, Kenneth E....................................11Tripp, Charles..........................................2Tristani, Oreste......................................14Trivedi, Pravin K. .....................................5Tucker, Joshua A....................................22Tungodden, Bertil....................................5Turnovsky, Stephen J. ..............................8

UUnit Roots, Cointegration, and Structural

Change................................................8Uzawa, Hirofumi .....................................3

VValenze, Deborah..................................38Vallentyne, Peter .....................................5van der Merwe, Cornelius G. .................28Van Marrewijk, Charles.........................16Van Witteloostuijn, Arjen.......................16Varian, Hal R. .......................................12Vaughan Williams, Leighton ..................19Vega-Redondo, Fernando ......................13Véron, René..........................................26Vestin, David ........................................14Victor, David G......................................21Villeneuve, Robert.................................23Vogel, Harold L. ....................................19Volcanoes and the Environment ............42Voluntary Environmentalists, The ...........31

WWalker, Donald A. ...................................2Wallack, Jessica ....................................22Walrasian Economics ..............................2Warde, Paul ..........................................36Warfare State .......................................36Watson, Mark.........................................9Wealth of Ideas, The ...............................3Weather Derivative Valuation ................19Weiman, David .....................................38Weller, Robert P. ...................................42Werner, Jan...........................................20West, Richard .......................................32Whalley, John .......................................13Whittaker, D. Hugh................................33Wibbels, Erik.........................................22Wilkinson, Nick.....................................32William Stanley Jevons and the Making

of Modern Economics ..........................5Williams, Glyn.......................................26Wittman, Donald ..................................27Wong, M.C. Sunny ................................24Wood, John H.......................................37Wooders, Myrna ...................................13World Trade Review ..............................17World Without Walls, A .........................17Wright, Gavin .......................................35Wright, Vic............................................42

XXepapadeas, Anastasios........................41

YYarbrough, Beth V. ................................26Young, G. A. .........................................10

ZZald, Mayer N. ......................................23Zellner, Arnold ........................................7Zhu, Kevin ............................................31Zick, Cathleen D. ....................................2Ziehmann, Christine..............................19

48 Notes

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Cover Image: Dance Machine 1,computer painting by WilliamBaumol. For more paintings see:www.econ.nyu.edu/user/baumolw/From: The Economics of Input-Output Analysis, Thijs ten Raa

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