Joseph E Stiglitz

Selected Works of Joseph E. Stiglitz

Volume III: Rethinking Microeconomics

• Gebundenes Buch

Produktbeschreibung

This volume brings together a selection of Joseph Stiglitz's work on microeconomics. It includes substantial original introductions to the Selected Works, the volume as a whole, and each part within the volume.

Produktdetails

• Verlag: Sydney University Press
• Seitenzahl: 1056
• Erscheinungstermin: 20. August 2019
• Englisch
• Abmessung: 251mm x 177mm x 63mm
• Gewicht: 1900g
• ISBN-13: 9780199533725
• ISBN-10: 0199533725
• Artikelnr.: 54384598

Autorenporträt

Joseph E. Stiglitz is University Professor at Columbia University. In 2001, he was awarded the Nobel Prize in economics, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. Known for his pioneering work on asymmetric information, Stiglitz focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. In 2011, Time named Stiglitz one of the 100 most influential people in the world. During the Clinton administration, Stiglitz was a member of the Council of Economic Advisers (CEA) from 1993-95, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000. Stiglitz is also currently the Chief Economist of the Roosevelt Institute, Co-President of the Initiative for Policy Dialogue, and the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD.

Inhaltsangabe

* Part I: Risk and Markets: Basic Concepts
* Introduction to Part I
* A. Foundations of Risk
* Measuring Risk
* 1: Joseph E. Stiglitz and Michael Rothschild: Increasing Risk
* 2: Joseph E. Stiglitz and P. Diamond: Increases in Risk and in Risk
Aversion
* Risk with more than one commodity
* 3: Behavior toward Risk With Many Commodities
* 4: A Consumption Oriented Theory of the Demand for Financial Assets
and the Term Structure of Interest Rates
* B: Portfolio Theory
* 5: Joseph E. Stiglitz and D. Cass: The Structure of Investor
Preferences and Asset Returns, and Separability in Portfolio
Allocation: A Contribution to the Pure Theory of Mutual Funds
* 6: Joseph E. Stiglitz and D. Cass: Risk Aversion and Wealth Effects
on Portfolios with Many Assets
* Part II: Management of Risk
* Introduction to Part II
* A: Trade and Capital Market Liberalization
* 7: Joseph E. Stiglitz and P. Dasgupta: Tariffs Versus Quotas As
Revenue Raising Devices Under Uncertainty
* 8: Joseph E. Stiglitz: Capital-Market Liberalization, Globalization
and the IMF
* B: Risk Sharing
* 9: Joseph E. Stiglitz: Risk and Global Economic Architecture: Why
Full Financial Integration May be Undesirable
* 10: Joseph E. Stiglitz: Contagion, Liberalization, and the Optimal
Structure of Globalization
* 11: Joseph E. Stiglitz, Stefano Battiston, Domenico Delli Gatti,
Mauro Gallegati, and Bruce Greenwald: Liaisons Dangereuses:
Increasing Connectivity, Risk Sharing, and Systemic Risk
* 12: Joseph E. Stiglitz, S. Battiston, D. Delli Gatti, M. Gallegati,
and B. Greenwald: Default Cascades: When Does Risk Diversification
Increase Stability?
* C: Commodity Price Stabilization
* 13: Joseph E. Stiglitz and D. Newbery: Risk Aversion, Supply
Response, and the Optimality of Random Prices: A Diagrammatic
Analysis
* 14: Joseph E. Stiglitz: Optimal Commodity Stock-Piling Rules
* D: Schochastic Capital Theory
* 15: Joseph E. Stiglitz, William A. Brock and Michael Rothschild:
Stochastic Capital Theory
* Part III: Theory of the Firm
* Introduction to Part III
* A: Corporate Finance
* 16: Joseph E. Stiglitz: A Re-Examination of the Modigliani-Miller
Theorem
* 17: Joseph E. Stiglitz: On the Irrelevance of Corporate Financial
Policy
* B: Alternative Objectives of the Firm
* 18: Joseph E. Stiglitz and S. Grossman: On Value Maximization and
Alternative Objectives of the Firm
* 19: Joseph E. Stiglitz and S. Grossman: Stockholder Unanimity in the
Making of Production and Financial Decisions
* 20: Joseph E. Stiglitz and B. Greenwald: Asymmetric Information and
the New Theory of the Firm: Financial Constraints and Risk Behavior
* C: The Implications of Value Maximization
* 21: Joseph E. Stiglitz: On the Optimality of the Stock Market
Allocation of Investment
* 22: Joseph E. Stiglitz: Some Aspects of the Pure Theory of Corporate
Finance: Bankruptcies and Take-Overs
* 23: Joseph E. Stiglitz: Some Elementary Principles of Bankruptcy
* Part IV: Industrial Organization
* Introduction to Part IV
* A: Monopolistic Competition
* 24: Joseph E. Stiglitz and A. Dixit: Monopolistic Competition and
Optimal Product Diversity
* 25: Joseph E. Stiglitz: Towards a More General Theory of Monopolistic
Competition
* B: Potential Competition
* 26: Joseph E. Stiglitz: Potential Competition May Reduce Welfare
* 27: Joseph E. Stiglitz: Technological Change, Sunk Costs, and
Competition
* C: Vertical Constraints
* 28: Joseph E. Stiglitz and P. Rey: Vertical Restraints and Producers'
Competition
* 29: Joseph E. Stiglitz and P. Rey: The Role of Exclusive Territories
in Producers' Competition
* Part V: The Economics of Organization
* Introduction to Part V
* 30: Joseph E. Stiglitz and R. Sah: Human Fallibility and Economic
Organization
* 31: Joseph E. Stiglitz and R. Sah: The Architecture of Economic
Systems: Hierarchies and Polyarchies
* 32: Joseph E. Stiglitz and R. Sah: Committees, Hierarchies and
Polyarchies
* 33: Joseph E. Stiglitz and R. Sah: Qualitative Properties of
Profit-Maximizing K-out-of-N Systems Subject to Two Kinds of Failure
* 34: Joseph E. Stiglitz and R. Sah: The Quality of Managers in
Centralized Versus Decentralized Organizations
* 35: Joseph E. Stiglitz: Incentives, Information and Organizational
Design
* Part VI: Theory of Consumer Behavior
* Introduction to Part VI
* 36: Joseph E. Stiglitz: Toward a General Theory of Consumerism:
Reflections on Keynes' Economic Possibilities for Our Grandchildren
* 37: Joseph E. Stiglitz and K. Hoff: Equilibrium Fictions: A Cognitive
Approach to Societal Rigidity
* 38: Joseph E. Stiglitz and Karla Hoff: Striving for Balance in
Economics: Towards a Theory of the Social Determination of Behavior