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Author: William J. Baumol Publisher: MIT Press ISBN: 9780262022453 Category : Business & Economics Languages : en Pages : 332
Book Description
This volume of seventeen previously published essays by William J. Baumol brings together work on the theory of contestable markets, welfare theory, antitrust, pricing, and the history of economic thought. Written between 1971 and 1983, they have sparked productive extensions and criticism in microeconomic theory and provide an engaging intellectual history of one of the leading figures in the field of economics. Baumol introduces each of the book's four parts, presenting his subsequent views on the subjects covered in the reprinted articles, including some important amendments.The book opens with an autobiographical essay that presents the intellectual climate of economics in the 1940s in which Kenneth Arrow, Frank Hahn, Martin Shubik, Otto Eckstein, and Gary Becker were beginning their careers. Baumol's introductory essays to the book's major sections take up the threads from this autobiographical piece and follow them to the development of concepts central to economic theory, applications, and methodology.Three essays in the first part provide an underpinning for the theory of contestable markets. In the second part five essays explore issues in welfare economics such as the role of diminishing and increasing returns may play the role of symmetric obstacles to Pareto optimality. Essays in the third part range from regulation and antitrust to urban economics to the Phillips curve and the pitfalls of using, in the analysis of real issues, dual values derived from linear models when the underlying reality is nonlinear. Those in the concluding part focus on the history of economic ideas such as the Smithian versus Marxian view of business morality and the social interest, the Marxian concept of value transformation, the iron law of wages, and Say's law.William J. Baumol is Professor of Economics by joint appointment at Princeton University and New York University.
Author: William J. Baumol Publisher: MIT Press ISBN: 9780262022453 Category : Business & Economics Languages : en Pages : 332
Book Description
This volume of seventeen previously published essays by William J. Baumol brings together work on the theory of contestable markets, welfare theory, antitrust, pricing, and the history of economic thought. Written between 1971 and 1983, they have sparked productive extensions and criticism in microeconomic theory and provide an engaging intellectual history of one of the leading figures in the field of economics. Baumol introduces each of the book's four parts, presenting his subsequent views on the subjects covered in the reprinted articles, including some important amendments.The book opens with an autobiographical essay that presents the intellectual climate of economics in the 1940s in which Kenneth Arrow, Frank Hahn, Martin Shubik, Otto Eckstein, and Gary Becker were beginning their careers. Baumol's introductory essays to the book's major sections take up the threads from this autobiographical piece and follow them to the development of concepts central to economic theory, applications, and methodology.Three essays in the first part provide an underpinning for the theory of contestable markets. In the second part five essays explore issues in welfare economics such as the role of diminishing and increasing returns may play the role of symmetric obstacles to Pareto optimality. Essays in the third part range from regulation and antitrust to urban economics to the Phillips curve and the pitfalls of using, in the analysis of real issues, dual values derived from linear models when the underlying reality is nonlinear. Those in the concluding part focus on the history of economic ideas such as the Smithian versus Marxian view of business morality and the social interest, the Marxian concept of value transformation, the iron law of wages, and Say's law.William J. Baumol is Professor of Economics by joint appointment at Princeton University and New York University.
Author: William J. Baumol Publisher: Princeton University Press ISBN: 1400835224 Category : Business & Economics Languages : en Pages : 263
Book Description
An authoritative look at the microeconomics of entrepreneurship Entrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet until fairly recently entrepreneurship was not considered worthy of serious economic study. Today, progress has been made to integrate entrepreneurship into macroeconomics, but until now the entrepreneur has been almost completely excluded from microeconomics and standard theoretical models of the firm. The Microtheory of Innovative Entrepreneurship provides the framework for introducing entrepreneurship into mainstream microtheory and incorporating the activities of entrepreneurs, inventors, and managers into standard models of the firm. William Baumol distinguishes between the innovative entrepreneur, who comes up with new ideas and puts them into practice, and the replicative entrepreneur, which can be anyone who launches a new business venture, regardless of whether similar ventures already exist. Baumol puts forward a quasi-formal theoretical analysis of the innovative entrepreneur's influential role in economic life. In doing so, he opens the way to bringing innovative entrepreneurship into the accepted body of mainstream microeconomics, and offers valuable insights that can be used to design more effective policies. The Microtheory of Innovative Entrepreneurship lays the foundation for a new kind of microtheory that reflects the innovative entrepreneur's importance to economic growth and prosperity.
Author: Ralph E. Gomory Publisher: MIT Press ISBN: 0262545802 Category : Business & Economics Languages : en Pages : 216
Book Description
Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.
Author: Heiner Stuckenschmidt Publisher: Springer Science & Business Media ISBN: 3642019064 Category : Computers Languages : en Pages : 375
Book Description
This book constitutes a collection of research achievements mature enough to provide a firm and reliable basis on modular ontologies. It gives the reader a detailed analysis of the state of the art of the research area and discusses the recent concepts, theories and techniques for knowledge modularization. The 13 papers presented in this book were all carefully reviewed before publication. They have been organized in three parts: Part I gives a general introduction to the idea and issues characterizing modularization and offers an in-depth analysis of properties, criteria and knowledge import techniques for modularization. Part II describes four major research proposals for creating modules from an existing ontology either by partitioning an ontology into a collection of modules or by extracting one or more modules from the ontology. Part III reports on collaborative approaches where modules that pre-exist are linked together through mappings to form a virtual large ontology.
Author: Steven Rabin Publisher: CRC Press ISBN: 1466565969 Category : Computers Languages : en Pages : 630
Book Description
Successful games merge art and technology in truly unique ways. Fused under tight production deadlines and strict performance requirements, shaped by demanding player expectations, games are among the most complex software projects created today. Game AI Pro: Collected Wisdom of Game AI Professionals covers both the art and the technology of game AI. Nothing covered is theory or guesswork. The book brings together the accumulated wisdom, cutting-edge ideas, and clever tricks and techniques of 54 of today’s top game AI professionals. Some chapters present techniques that have been developed and passed down within the community for years while others discuss the most exciting new research and ideas from today’s most innovative games. The book includes core algorithms that you’ll need to succeed, such as behavior trees, utility theory, spatial representation, path planning, motion control, and tactical reasoning. It also describes tricks and techniques that will truly bring your game to life, including perception systems, social modeling, smart camera systems, player prediction, and even an AI sound designer. Throughout, the book discusses the optimizations and performance enhancements that enable your game to run while maintaining 60 frames per second.
Author: Bruno Apolloni Publisher: Springer ISBN: 3540748199 Category : Computers Languages : en Pages : 907
Book Description
This book is part of a three-volume set that constitutes the refereed proceedings of the 11th International Conference on Knowledge-Based Intelligent Information and Engineering Systems, KES 2007. Coverage in this first volume includes artificial neural networks and connectionists systems, fuzzy and neuro-fuzzy systems, evolutionary computation, machine learning and classical AI, agent systems, and information engineering and applications in ubiquitous computing environments.
Author: Jeff Zhuk Publisher: Cambridge University Press ISBN: 9780521525831 Category : Computers Languages : en Pages : 652
Book Description
What would you do if your IT job was no longer performed in your country? Your survival does not lie in limiting global collaborative engineering. IT workers will survive and prosper because of their ability to innovate, to quickly learn and change directions, and to evolve from Information Technology into Distributed Knowledge Marketplace. You have no choice but to be pro-active, learn to stay current, even run ahead of the game. Integration-Ready Architecture and Design bridges the gap for a new generation of wired and wireless software technologies and teaches a set of skills that are demanded by fast moving software evolution. This up-to-date textbook integrates theory and practice, going from foundations and concepts to specific applications. Through deep insights into almost all areas of modern CIS and IT, Zhuk provides an entry into the new world of integrated knowledge and software engineering. Readers will learn the what s, why s, and how s on: J2EE, J2ME, .NET, JSAPI, JMS, JMF, SALT, VoiceXML, WAP, 802.11, CDNA, GPRS, CycL, XML, and multiple XML-based technologies including RDF, DAML, SOAP, UDDI, and WDSL. Students, architects, designers, coders, and even management benefit from innovative ideas and detailed examples for building multi-dimensional worlds of enterprise applications and creating distributed knowledge marketplace.
Author: Masahiko Aoki Publisher: Cambridge University Press ISBN: 9780521386814 Category : Business & Economics Languages : en Pages : 336
Book Description
An in-depth analysis of conventional notions for basic characteristics of the Japanese market economy's microstructure that have significantly influenced economists' approaches to industrial organization.
Author: William J. Baumol
Author: William J. Baumol
Author: William J. Baumol
Author: Ralph E. Gomory
Author: Heiner Stuckenschmidt
Author: Steven Rabin
Author: Qing-Hua Qin
Author: Bruno Apolloni
Author: Jeff Zhuk
Author: Masahiko Aoki
Author: Floyd Franklin Smith