The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making (Contributions to Economics)

ISBN 10: 3790828084 ISBN 13: 9783790828085

Verlag: Physica, 2012

Inhaltsangabe

Book by None

Über diesen Titel

Reseña del editor:

The real world is characterized by the presence of imperfections in goods, financial and labour markets. These imperfections have the potential to create links among those markets that differ in a relevant way from those outlined in the standard model. In financial markets, imperfections can alter the efficiency of the economy and thus cause unintended effects on goods and labour markets. Moreover, in the presence of market distortions, the interaction between policies and institutions becomes a critical aspect. This book, which brings together essays from distinguished scholars on this subject, provides new insights on how these imperfections affect the outcomes of real-world markets.

Reseña del editor:

This book is one of the ?nal products of a research project on the effects of market imperfectionson economic behavior and decisions. The project was put together by four Italian universities (Universita ` di Roma "Tor Vergata" and "La Sapienza" U- versita ` Cattolica del Sacro Cuore - Piacenza and the Universita ` di Urbino "Carlo Bo") in 2005 and funded by the Italian Ministry of Higher Education and Research for the period 2006-2007. The research title of the project "Corporate governance, ?nancial systems and ?rms' performances" was indicative of its agenda: to inv- tigate the role of market imperfections and their interactions on ?rms' decisions. In 2006 (May 12) the research group held the ?rst conference at the Universita ` di Urbino where intermediate results were ?rst presented and discussed with o- standing scholars from US, UK, and Italian universities, and the European Central Bank. The book reproduces the papers presented at the Universitad ` iRoma"La Sapienza" conference (May 16-17 2008) and is organized in two parts. The ?rst one discusses imperfectionsthat are mainly related to the working of ?nancial m- kets. The second part includes contributions which focus on different topics of real market imperfections. We wish to thank Steve Nickell, Philip Vermeulen and all the participants at the Urbino and Rome conferences who made both events extremely productive with their scienti?c contributions. We are especially grateful to Bob Chirinko who p- ticipatedinbothconferencesandconstantlyencouragedustocarryoutourscienti?c project on the economics of imperfect markets.

Über diese Auflage

• Verlag: Physica
• Erscheinungsdatum: 2012
• ISBN 10: 3790828084
• ISBN 13: 9783790828085
• Einband: Rústica
• Anzahl der Seiten: 244
• Herausgeber: Calcagnini Giorgio, Saltari Enrico