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Author: Paul Milgrom Publisher: Columbia University Press ISBN: 023154457X Category : Business & Economics Languages : en Pages : 222
Book Description
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.
Author: Paul Milgrom Publisher: Columbia University Press ISBN: 023154457X Category : Business & Economics Languages : en Pages : 222
Book Description
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.
Author: Pierre Assouline Publisher: Vendome Press ISBN: Category : Architecture Languages : en Pages : 318
Book Description
Drawing on unpublished letters and other documents, a leading French historian/biographer traces the life and times of art dealer Durand-Ruel (1831-1921). Ruel supported the careers of most of the major Impressionist artists including Degas, Manet, Monet, Morisot, Pissarro, Renoir, and Sisley. Photos feature the artists and art championed by Ruel.
Author: Paul M. Insel Publisher: Jones & Bartlett Learning ISBN: 9780763735555 Category : Health & Fitness Languages : en Pages : 870
Book Description
This second edition has been updated by include MyPyramid and the 2005 Dietary Guidelines as well as coverage of material such as digestion, metabolism, chemistry and life cycle nutrition.
Author: Paul Washer Publisher: ISBN: 9781673357219 Category : Salvation Languages : en Pages :
Book Description
The gospel of Jesus Christ - the "good news" that He has made a way for the salvation of sinners - is of utmost importance for the believer. In this book, the second of his Biblical Foundations for the Christian Faith series, Paul Washer helps the student to navigate through the Scriptures in search of the gloriously rich truths of the gospel of our salvation that lie therein! --
Author: Paul E. Minnis Publisher: University of Arizona Press ISBN: 0816534012 Category : Social Science Languages : en Pages : 81
Book Description
In the mid-1560s Spanish explorers marched northward through Mexico to the farthest northern reaches of the Spanish empire in Latin America. They beheld an impressive site known as Casas Grandes in the Mexican state of Chihuahua. Row upon row of walls featured houses and plazas of what was once a large population center, now deserted. Called Casas Grandes (Spanish for “large houses”) but also known as Paquimé, the prehistoric archaeological site may have been one of the first that Spanish explorers encountered. The Ibarra expedition, occurring perhaps no more than a hundred years after the site was abandoned, contained a chronicler named Baltasar de Obregón, who gave to posterity the first description of Paquimé: ". . . many houses of great size, strength, and height . . . six and seven stories, with towers and walls like fortresses for protection and defense against the enemies who undoubtedly used to make war on its inhabitants . . . large and magnificent patios paved with enormous and beautiful stones resembling jasper . . ." Casas Grandes, now a UNESCO World Heritage Site, is under the purview of the Instituto Nacional de Antropología e Historia, which oversees a world-class museum near the ruins. Paquimé visitors can learn about the site’s history and its excavations, which were conducted under the pioneering research of Charles Di Peso and Eduardo Contreras Sánchez and their colleagues from INAH and the Amerind Foundation. Based on a half century of modern research since the Joint Casas Grandes Project, this book explores the recent discoveries about important site and its neighbors. Drawing the expertise of fourteen scholars from the United States, Mexico, and Canada, who have long worked in the region, the chapters revel new insights about Paquimé and its influence, bringing this fascinating place and its story to light.
Author: Ruben Zimmermann Publisher: Rowman & Littlefield ISBN: 1978703287 Category : Religion Languages : en Pages : 362
Book Description
The goal of the present study unfolds in the following four ways. First, in analyzing Pauline writings (primarily Paul’s First Letter to the Corinthians) it can be demonstrated that the Apostle can be described as an ethicist. The hypothesis operative here is that in the sources, despite their occasional and situational character and their epistolary form, one can recognize a coherent system of grounds for behavior (i.e., ethics). I call this recognizable ethics “implicit ethics.” Secondly, this work pursues an explicit ethical interpretation of Paul’s writings. What does it mean to read these texts through an ethical lens? I here offer an approach with which one can decipher the ethical content of a historical text. This methodology for ethical analysis (so called ‘organon’) is not only applicable to Paul’s writings, but can also provide an impetus for the ethical interpretation of other NT texts and even for the literature of early Christianity and the Bible more generally. The variety of forms and the complexity of the reflection in Paul’s letters can, in a third point, enrich the discourse of theological ethics. It will be seen, that the rationale for his ethics is pluralistic and simply cannot be described in a one-sided manner as simply being a “deontological ethics of norms.” Along these lines, a fourth element is found in stimulating interdisciplinary debates concerning ethics. If one is able to examine and describe the norms and grounds of justification in Biblical ethics using the language and forms of description utilized in modern ethical theory, biblical ethics could once again gain a voice that can be taken seriously in the modern discussion of values. The point is not to have Scripture per se join the discussion but for these texts to function as a “laboratory” (Paul Ricoeur) in which ethical speech and thought relevant for contemporary concerns can be inspired and encouraged. In a concluding chapter this dialogue is already started by describing specific aspects of Pauline ethics against the background or moral philosophical debate, e.g. “bodily ethics – beyond hedonism”, “ethics of relinquishing – beyond contractual ethics” or “ethics of love beyond Eudaimonian ethics”.
Author: Paul Milgrom
Author: Paul Milgrom
Author: Paul A. Cohen
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Author: Pierre Assouline
Author: Paul M. Insel
Author: Paul Washer
Author: Paul E. Minnis
Author: Paul E. Engle
Author: Ruben Zimmermann
Author: Paul M. Insel