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Economics, Finance andEconometrics

www.cambridge.org/economics 2004

New Titles

Textbooks

Key Series

Key Backlist

Journals

ContentsGeneral Economics 1Economic Thought, Philosophy

and Methodology 2Econometrics 3

Econometric Exercises 4The Stone Lectures in Economics 4Themes in Modern Economics 5Econometric Society Monographs 6

Mathematical Methods and Programming 6

Microeconomics 10Macroeconomics and Monetary

Economics 12International Economics 15Financial Economics 17Public Economics and Political

Economy 21Law and Economics 26Industrial Organization and

Labour Economics 28Management and Marketing 29Economic History 33Economic Development and

Growth 38Economic Systems 40Environmental and Natural

Resource Economics 41Regional Economics 43Author and Title Index 44

Cambridge University Press is the printing and publishing house of the University of Cambridge,and is the oldest press in the world. It is a charitable enterprise required by University Statute to devote itself to printing and publishing in the furtherance of the acquisition, advancement,conservation, and dissemination of knowledge in all subjects; to the advancement of education,religion, learning, and research; and to the advancement of literature and good letters.

HighlightsCompetition Policy Theory and PracticeMassimo MottaEuropean University Institute, Florence

The first book to provide a systematic treatment ofthe economics of antitrust in a global context. Itdraws on the literature of industrial organisationand on original analyses to deal with suchimportant issues as cartels, joint-ventures, mergers,vertical contracts, predatory pricing, exclusionarypractices, and price discrimination.

➤ See page 10

Putting Auction Theory to WorkPaul MilgromStanford University, California

A comprehensive introduction to modern auctiontheory and its applications. Aimed at graduatestudents and professionals in economics, the bookgives the most up-to-date treatments of bothtraditional theories of ‘optimal auctions’ and newertheories of multi-unit auctions and packageauctions, and shows by example how these theoriesare used.

➤ See page 10

Many of our journal titles are now available online. Each journal entryin this catalogue indicates where the price includes, or will include,

access to the electronic version of the journal during 2003. Full text isavailable FREE to all individuals within the registered domain address

of full rate subscribers. In addition, the service provides all users with FREEaccess to tables of contents and abstracts, and a FREE email alerting service.

Who to contactBook proposals: Chris Harrison

([email protected])

For further information about economics titles:Ben Manley([email protected])

All other enquiries, phone +44 (0) 1223 312393or email [email protected]

Prices and PaymentPrices and publication dates are correct at the time ofgoing to press but are subject to alteration withoutnotice.

www.cambridge.org/economicsThis catalogue contains a selection of our most recent publishing in this area. Please visit ourwebsite for a full and searchable listing of all our titles in print and also an extensive range ofnews, features and resources. Our online ordering service is secure and easy to use.

Announcing a New SeriesEconometric ExercisesSeries Editors: Karim M. Abadir, Jan Magnus and Peter C.B. Phillips

Overview

The volumes of solved exercises in the series are designed both for classroomteaching in econometrics and offer an independent, learning-by-doing program foranyone wanting to learn more about econometric methods and applications.

➤ For further information see page 4

1

GeneralEconomics

FORTHCOMING

New Frontiers inEconomicsEdited by Michael SzenbergPace University, New York

and Lall RamrattanUniversity of California, Berkeley

Leading economists analyze the newdirections that subdisciplines ofeconomics have taken in the face ofmodern economic challenges. The essaysrepresent invention and discovery in theareas of information, macroeconomicsand public policies, international tradeand development, finance, business,contracts, law, gaming, andgovernment, as these areas of studyevolve through the different phases ofthe scientific process. They offer awealth of factual information on thecurrent state of the economy, alongsidetheoretical and empirical innovationsthat conceptualize reality and values indifferent ways from their predecessors.

2004 228 x 152 mm 303pp7 line diagrams 2 tables0 521 83686 7 Hardback c. £50.000 521 54536 6 Paperback c. £18.95Publication October 2004

NEW

Making TechnologyWorkApplications in Energy and theEnvironmentJohn M. DeutchMassachusetts Institute of Technology

and Richard K. LesterMassachusetts Institute of Technology

This book presents fifteeninterdisciplinary case studies of theapplication of technology in the energyand environment sectors. The casestudies include applications of solar,wind, fuel cell, nuclear, and other coalcombustion and emission controltechnologies. Both successes and failuresare analyzed. The case studies reveal theinterrelationships among technical andnon-technical factors, and demonstratethat the successful application of newtechnologies require the synthesis oftechnical, economic, political,environmental, and social aspects of theproblem. The case studies are also usedto introduce a toolbox of analyticaltechniques useful in the context ofrealistic technology application.

2004 253 x 177 mm 288pp74 line diagrams 13 half-tones 43 tables0 521 81857 5 Hardback £75.000 521 52317 6 Paperback £25.95Publication January 2004

NEW IN PAPERBACK

Risk and ReasonSafety, Law, and theEnvironmentCass R. SunsteinUniversity of Chicago Law School

What should be done about airplanesafety and terrorism, global warming,nuclear power, and geneticallyengineered food? Risks to safety,health, and the environment are asubject of intense interest worldwide.Unfortunately, too much of the time, wefear the wrong things, and sometimeswe make the problem even worse. Riskand Reason explains the source of theseproblems and shows what can be doneabout them. It points the way toward asensible system for reducing risks, onethat could save thousands of lives andbillions of dollars.

2004 228 x 152 mm 360pp17 line diagrams 41 tables0 521 01625 8 Paperback £15.95Publication March 2004

Also available0 521 79199 5 Hardback £25.00

Handbook forAcademic AuthorsFourth editionBeth LueyArizona State University

Brings advice to academic authors intothe age of the Internet and the WorldWide Web. Both text and bibliographyhave been completely updated. A newchapter evaluates various electronicmedia for different kinds of publicationsand suggests ways for thetechnologically ambitious author to usethem to best advantage.

2002 228 x 152 mm 340pp12 line diagrams 2 tables0 521 81477 4 Hardback £45.000 521 89198 1 Paperback £16.95

Economics ofAgglomerationCities, Industrial Location, andRegional GrowthMasahisa FujitaKyoto University, Japan

and Jacques-Francois ThisseUniversité Catholique de Louvain, Belgium

This book provides the first unifyingtreatment of the range of economicreasons for the clustering of firms andhouseholds. Its goal is to explain furtherthe trade-off between various forms ofincreasing returns and different types ofmobility costs.

2002 228 x 152 mm 478pp73 line diagrams0 521 80138 9 Hardback £65.000 521 80524 4 Paperback £22.95

Machine DreamsEconomics Becomes a CyborgSciencePhilip MirowskiUniversity of Notre Dame, Indiana

Machine Dreams recounts the story ofhow the computer came to transformthe very content of American economics,and how the mathematician John vonNeumann inadvertently became themost important thinker for theeconomics profession in the 21stcentury.


Economic Concepts forthe Social SciencesTodd SandlerUniversity of Southern California

This book presents an overview andassessment of the conceptual advancesin economics during the last century.The book relies heavily on engagingexamples, intended to draw in thereader and to demonstrate the far-reaching application of economicreasoning to social phenomena.

2001 228 x 152 mm 300pp14 line diagrams 1 table0 521 79262 2 Hardback £50.000 521 79677 6 Paperback £18.95

JOURNAL

Abstracts of WorkingPapers in EconomicsThe Official Journal of the AWPEDatabaseEditor: Halbert WhiteUniversity of California, San Diego

AWPE is the best point ofaccess for thousands of working papersin all areas of economics, finance andeconometrics. From its network of over70 research centres worldwide, AWPEprovides full bibliographic informationincluding series addresses, price andavailability, plus JEL classification codesand complete abstracts for these verycurrent and often hard-to-get workingpapers. Each issue includes about 550of the latest papers, all indexed byauthor, issuing institution, and enhancedby a keyword index and a permuted titleindex.Subscriptions

Volume 21 in 2004: February, April, June,August, October and DecemberInstitutions print only: £284/$445Individuals print only: £96/$150Print ISSN 0951-0079

General Economics

Visit our website at www.cambridge.org

2

EconomicThought,Philosophy andMethodology

HIGHLIGHT

Wassily Leontief andInput-OutputEconomicsEdited by Erik DietzenbacherRijksuniversiteit Groningen, The Netherlands

and Michael L. LahrRutgers University, New Jersey

Wassily Leontief was the foundingfather of input-output economics, forwhich he received the Nobel Prize in1973. This book offers a collection ofpapers in memory of Leontief by hisstudents and close colleagues. The firstpart focuses upon Leontief as a personand scholar as well as his personalcontributions to economics, the secondincludes new theoretical and empiricalresearch inspired by Leontief’s work.This collection offers a wide-rangingsample of the current state ofinterindustry economics and is likely toappeal to a wide range of professionals.

• Focuses on the work of 1973 Nobellaureate Wassily Leontief

• Includes recent research by top namesin the field of input-output analysis,covering a wide range of topics

• Includes papers by Nobel laureatesPaul A. Samuelson and Lawrence R.Klein and a previously unpublishedinterview with Leontief and his wife

Contents: Part 1. Reflections on Input-Output Economics: 1. A portrait of themaster as a young man Paul A. Samuelson;2. Leontief’s ‘Magnificent Machine’ andother contributions to applied economicsKaren R. Polenske; 3. International trade:evolution in the thought and analysis ofWassily Leontief Faye Duchin; 4. Leontiefand the future of the world economy EmilioFontela; 5. Leontief’s input-output table andthe French development plan Henri Aujac;6. Experiences with input-output andisomorphic analytical tools in spatialeconomics Jean H. P. Paelinck; 7. Leontiefand dynamic regional models William H.Miernyk; 8. Leontief and Schumpeter: ajoint heritage with surprises Andrew Brodyand Anne P. Carter; 9. Some highlights inthe life of Wassily Leontief – an interviewwith Estelle and Wassily Leontief Christiande Bresson. Part II. Perspectives of Input-Output Economics: 10. A neoclassicalanalysis of TFP using input-output pricesThijs ten Raa; 11. What has happened tothe Leontief paradox? Edward N. Wolff;12. The decline in labor compensation’s

share of GDP: a structural decompositionanalysis for the US, 1982–1997 ErikKietzenbacher, Michael L. Lahr and BartLos; 13. An oligopoly model in a Leontiefframework Robert E. Kuenne;14. Economies of plant-scale and structuralchange Iwao Okaki; 15. Technologicalchange and capital accumulation in JapanMasahiro Kuroda and Koji Nomura;16. Japan’s economic growth and policymaking in the context of input-outputmodels Shuntaro Shishido;17. Contributions of input-output analysisto the understanding of technologicalchange: the information sector in theUnited States Lawrence R. Klein, VijayaDuggal and Cynthia Saltzman; 18. Caninvestment change trade patterns? Anapplication of dynamic input-output modelslinked by international trade to an Italianpolicy question Clopper Almon andMaurizio Grassini; 19. Social cost in theLeontief framework: conceptual foundationof allocation and pricing Albert E. Steenge.

2004 228 x 152 mm 402pp61 line diagrams 42 tables0 521 83238 1 Hardback c. £50.00Publication February 2004

NEW

The EvolutionaryFoundations ofEconomicsEdited by Kurt DopferUniversität St Gallen, Switzerland

Evolutionary economics is attractingincreasing interest as a way ofunderstanding the processes whichgenerate particular forms of economicactivities and structures. This collectionbrings together economists who are atthe forefront of this new field of enquiryto provide the most comprehensive andmost authoritative survey available.

2005 228 x 152 mm 400pp0 521 62199 2 Hardback c. £50.00Publication July 2004

NEW

Prices, Reproduction,ScarcityChristian BidardUniversité de Paris X

In this definitive and exhaustive study,Christian Bidard develops a theory ofprices of production. This theory, ofclassical inspiration, breaks down thesymmetry between producers andconsumers and gives more importanceto reproduction rather than scarcity.Bidard compares and contrasts differentreadings of Sraffa’s work and visitsanew the question of relationshipsbetween classical theory (Smith,Ricardo, Marx) and the generalequilibrium theory (Walras, Arrow,Debreu). This simplified and extended

translation of Prix, Reproduction, Rareté(Dunod, 1991) aims to provide anessential reference on this topic.

2004 228 x 152 mm 380pp30 line diagrams 8 tables0 521 47283 0 Hardback c. £55.00Publication March 2004

NEW

T. R. MalthusThe Unpublished Papers in theCollection of Kanto GakuenUniversityVolume 2: Essays, Sermons and OtherPapersJohn PullenUniversity of New England, Australia

and Trevor Hughes Parry

This is the second and final volume ofmanuscripts by or relating to ThomasRobert Malthus (1766–1834) that arenow held at Kanto Gakuen University inJapan. Volume I, published in 1997,contains 75 items of correspondence.Volume II, now published, containstranscriptions of further originalmanuscripts, including sermons, diaryentries, lecture notes and essays. Thesepreviously unknown and unpublishedmanuscripts promise insights into hisintellectual development and the eventsand circumstances of his life, as well asglimpses of the lifestyle of his widerfamily and contemporaries.

2003 228 x 152 mm 340pp 18 tables1 graph 1 map0 521 58871 5 Hardback c. £50.00

Also availableVolume 1: Correspondence0 521 58138 9 Hardback £45.00

Fact and Fiction inEconomicsModels, Realism and SocialConstructionEdited by Uskali MäkiErasmus Universiteit Rotterdam

Bringing together some of the leadingfigures in the methodology andphilosophy of economics, this collectionprovides a thoughtful and balancedoverview of the current state of debateabout the nature and limits of economicknowledge.

2002 228 x 152 mm 400pp8 line diagrams 8 graphs0 521 81117 1 Hardback £50.000 521 00957 X Paperback £19.95

Economic Thought, Philosophy and Methodology

3

Reflection withoutRulesEconomic Methodology andContemporary Science TheoryD. Wade HandsUniversity of Puget Sound, Washington

The book surveys both the literature oneconomic methodology andcontemporary science theory. It will beof interest to economists and studentsof economics concerned with themethodological foundations of theirdiscipline as well as philosophers andothers interested in the relationshipbetween economics and contemporaryscience theory.


JOURNAL

Economics andPhilosophyEditors:Luc Bovens University of Colorado, Boulder

Geoffrey BrennanAustralian National University

Marc FleurbaeyUniversité de Pau

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.Subscriptions

Volume 20 in 2004: April and OctoberInstitutions print and online: £87/$136Institutions online only: £75/$119Institutions print only: £77/$121Individuals print only: £30/$46Print ISSN 0266-2671Electronic ISSN 1474-0028

Econometrics

TEXTBOOK

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.


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.Contents: Part I. Information ProcessingRecovery; Part II. Regression Model-estimation and Inference; Part III. ExtremumEstimators and Nonlinear and NonnormalRegression Models; Part IV. Avoiding theParametric Likelihood; Part V. GeneralizedRegression Models; Part VI. SimultaneousEquation Probability Models and GeneralMoment-Based Estimation and Inference;Part VII. Model Discovery; Part VIII. SpecialEconometric Topics; Part IX. BayesianEstimation and Inference; Part X. Epilogue;Appendix.

2000 228 x 152 mm 784pp5 line diagrams 32 tables0 521 62394 4 Pack with CD-ROM £50.00

TEXTBOOK

Non-Linear Time SeriesModels in EmpiricalFinancePhilip Hans FransesErasmus Universiteit Rotterdam

and Dick van DijkErasmus Universiteit Rotterdam

The most up-to-date and accessibleguide to one of the fastest growingareas in financial analysis by one ofEuropes’s leading teaching andresearching teams. This classroom-testedadvanced undergraduate and graduatetextbook provides an in-depth treatmentof non-linear models, including regime-switching and artificial neural networks.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 figures0 521 77965 0 Paperback £22.95

NEW

The StructuralEconometric TimeSeries AnalysisApproachEdited by Arnold ZellnerUniversity of Chicago

and Franz C. PalmUniversiteit Maastricht, The Netherlands

Bringing together a collection ofpreviously published work, this bookprovides a timely discussion of majorconsiderations relating to theconstruction of econometric models thatwork well to explain economicphenomena, predict future outcomesand be useful for policy-making.Importantly, many chapters show howSEMTSA modeling procedures havebeen applied to solve practicalforecasting and other problems. Thediscussions of alternative approaches tomodel building, including an analysis ofthe use and development of the newMarshallian Macroeconomic Model, willprove invaluable to professionals,academics and students alike.

2004 228 x 152 mm 652pp 140 tables72 figures0 521 81407 3 Hardback c. £80.00Publication April 2004

Economic Thought, Philosophy and Methodology/Econometrics

For monthly email alerts visit www.cambridge.org/eservices

4

Stochastic FrontierAnalysisSubal C. KumbhakarState University of New York, Binghamton

and C. A. Knox LovellUniversity of Georgia

This book develops econometrictechniques for the estimation ofproduction, cost and profit frontiers, andfor the estimation of the technical andeconomic efficiency with whichproducers approach these frontiers.

2003 228 x 152 mm 344pp0 521 66663 5 Paperback £21.95

Simplicity, Inferenceand ModellingKeeping it SophisticatedlySimpleEdited by Arnold ZellnerUniversity of Chicago

Hugo A. KeuzenkampUniversiteit van Amsterdam

and Michael McAleerMurdoch University, Western Australia

The idea that simplicity matters inscience is as old as science itself, withthe much cited example of Ockham’sRazor, ‘entia non sunt multiplicandapraeter necessitatem’: entities are not tobe multiplied beyond necessity. Using amultidisciplinary perspective thismonograph asks ‘What is meant bysimplicity?’

2002 228 x 152 mm 312pp 11 tables16 figures0 521 80361 6 Hardback £55.00

NOBEL PRIZE WINNER

Empirical Modeling inEconomicsSpecification and EvaluationClive W. J. GrangerUniversity of California, San Diego

Foreword by Geoff Harcourt

Clive W. J. Granger is widely regarded asone of the greatest living socialscientists. In this book, designed forscholars, researchers and seniorundergraduates, he considers theprocess of constructing and evaluatingan empirical model. Using case-studiesfrom the arts and social sciences heprovides a concise and entertainingaccount.

1999 216 x 138 mm 108pp 2 tables0 521 66208 7 Hardback £35.000 521 77825 5 Paperback £13.95

FORTHCOMING SERIES

Econometric ExercisesSeries Editors:Karim AbadirUniversity of York

Jan MagnusTilberg University, The Netherlands

Peter C. B. PhillipsYale University

The volumes in EconometricExercises are intended to be muchmore than a collection of solvedexercises. Each volume will have acoherent and well-organized sequenceof exercises in a specific field or sub-field of econometrics. Solved exerciseswill be assembled together in astructured and logical pedagogicalframework that seeks to develop thesubject matter of the field from itsfoundations up.Each chapter of a volume begins with ashort technical introduction thatemphasizes the main ideas andoverviews the most relevant theoremsand results. The introductions arefollowed by a sequential developmentof the material by solved examples andapplications, and computer exerciseswhere they are appropriate. Eachvolume is self-contained, has a fullindex, and includes cross-reference toother volumes in the series. We aim fora balance of about 15-20% theory and80-85% exercises. The volumes will bebrief and economical, but a certainamount of repetition is encouraged,where it is considered helpful inimproving the readability of thevolumes, and in widening their potentialaudience.The volumes are intended forundergraduate students of econometricswith an introductory knowledge ofstatistics, for first and second yeargraduate students of econometrics, andfor students and instructors fromneighboring disciplines (like statistics,political science, psychology andcommunication) with interests ineconometric methods. The volumesincrease in difficulty as the topicsbecome more specialized.

FORTHCOMING PUBLICATIONSIN THE SERIES

Matrix AlgebraKarim M. AbadirUniversity of York

and Jan MagnusTilberg University, The NetherlandsEconometric Exercises, 1

2005 0 521 82289 0 Hardback0 521 53746 0 PaperbackPublication April 2005

FORTHCOMING

StatisticsKarim M. AbadirUniversity of York

Risto D. H. HeijmansUniversiteit van Amsterdam

and Jan MagnusTilberg University, The NetherlandsEconometric Exercises, 2


FORTHCOMING

Econometric Models, IThe Linear ModelPaolo ParuoloUniversity of Insubria, VareseEconometric Exercises, 3


FORTHCOMING

Econometric Models, IEmpirical ApplicationsArthur van SoestUniversiteit van Tilburg

and Marno VerbeekErasmus Universiteit RotterdamEconometric Exercises, 4


NEW SERIES IN 2004

The Stone Lectures inEconomicsSeries Editor:Martin Weale, CBENational Institute of Economic & SocialResearch

The Stone Lectures in Economics isan annual series of presentations by theworld’s leading academic economists,jointly organised by the NationalInstitute of Economic and SocialResearch and Cambridge UniversityPress. Sir Richard Stone (1913-1991)was awarded the Nobel Prize inEconomics in 1984 for his work on thedevelopment of systems of nationalaccounts. Much of this work waspublished jointly by the Department ofApplied Economics in Cambridge andthe National Institute of Economic andSocial Research. The first volumepublished contained his estimates ofconsumer spending and, equallyimportantly, a statistical analysis ofconsumer behaviour. In his Preface SirRichard acknowledged the financial

Econometrics

5

support of the National Institute and itsrole in his work: “The detailedinvestigation of consumers’ expenditure… was begun at the National Instituteof Economic and Social Research in1941”. It is with this in mind that theNational Institute and CambridgeUniversity Press are proud to name thislecture series after Sir Richard Stone.

NEW

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 170pp9 line diagrams 13 tables0 521 83287 X Hardback c. £47.500 521 54044 5 Paperback c. £16.95Publication January 2004

Themes in ModernEconometricsSeries Editors:Peter C. B. PhillipsYale University

Eric GhyselsUnviersity of North Carolina, Chapel Hill

Richard J. SmithUniversity of Warwick

Themes in Modern Econometricsprovides an organized sequence oftextbooks in econometrics aimeddirectly at the student population, andis the first series in the discipline tohave this as its express aim. Written ata level accessible to students with anintroductory course in econometricsbehind them, each book addressestopics or themes that students andresearchers encounter daily. While eachbook is able to stand alone as anauthoritative survey in its own right, thedistinct emphasis throughout is onpedagogic excellence.

FORTHCOMING

Applied Time SeriesEconometricsEdited by Helmut LuetkepohlEuropean University Institute, Florence

and Markus KraetzigHumboldt-Universität zu Berlin

Time series econometrics is used forexample for predicting futuredevelopments of variables of interestsuch as economic growth, stock marketvolatility or interest rates. For thispurpose a model has to be constructedto describe the data generation processand its parameters have to beestimated. Modern tools for these tasksare provided in this volume and it isdemonstrated by example how the toolscan be put to work.Themes in Modern Econometrics

2004 228 x 152 mm 270pp69 line diagrams 38 tables0 521 83919 X Hardback c. £65.000 521 54787 3 Paperback c. £22.95Publication September 2004

FORTHCOMING

SemiparametricRegression for theAppliedEconometricianAdonis YatchewUniversity of Toronto

This book provides simple and flexible(nonparametric) techniques for analyzingregression data. It includes a series ofempirical examples including estimationof Engel curves and equivalence scales,scale economies, household gasolineconsumption, housing prices, optionprices and state price density estimation.The book should be of interest to abroad range of economists includingthose working in industrial organization,labor, development, urban, energy andfinancial economics.Themes in Modern Econometrics


TEXTBOOK

The EconometricAnalysis of SeasonalTime SeriesEric GhyselsUniversity of North Carolina, Chapel Hill

and Denise R. OsbornUniversity of Manchester

This book provides a thorough review ofthe recent developments in theeconometric analysis of seasonal timeseries.

Contents 1. Introduction to seasonalprocesses; 2. Deterministic seasonality;3. Seasonal unit root processes; 4. Seasonaladjustment programs; 5. Estimation andhypothesis testing with filtered data;6. Periodic processes; 7. Some nonlinearseasonal models; 8. EpilogueThemes in Modern Econometrics

2001 228 x 152 mm 250pp15 line diagrams 2 tables0 521 56260 0 Hardback £50.000 521 56588 X Paperback £18.95

TEXTBOOK

Econometrics ofQualitative DependentVariablesChristian GourierouxCREST-INSEE, Paris

Translated by Paul B. Klassen

Written in accessible language andoffering cogent examples, students aregiven valuable means to gauge real-world economic phenomena.Contents: 1. Introduction; 2. The simpledichotomy; 3. Modelling; 4. Estimationmethods and tests; 5. The log-linear modeland its applications; 6. Qualitative paneldata; 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

This textbook by best-selling authorG. S. Maddala and In-Moo Kim is basedon a successful lecture programme andprovides a comprehensive review of unitroots and cointegration as well as ofstructural change.Contents: Part I. Introduction and BasicConcepts: 1. Introduction; 2. Basic concepts;Part II. Unit Roots and Cointegration:3. Unit roots; 4. Issues in unit root testing.Themes in Modern Econometrics

1999 228 x 152 mm 523pp 21 tables8 graphs0 521 58782 4 Paperback £24.95

Econometrics


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Econometric SocietyMonographsSeries Editors:Andrew ChesherUniversity College London

Matthew JacksonCalifornia Institute of Technology

The Econometric Society is aninternational society for theadvancement of economic theory inrelation to statistics and mathematics.The Econometric SocietyMonographs series is designed topromote the publication of originalresearch contributions of high quality inmathematical economics and theoreticaland applied econometrics.

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 interpretrecent key developments and discussfuture directions in a wide range oftopics in economics and econometrics.

Volume 1Econometric Society Monographs, 35






THREE VOLUME SET2003 228 x 152 mm 1088pp0 521 81875 3 3 Volume Set (Hardback)£170.000 521 52414 8 3 Volume Set (Paperback)£60.00

Analysis of Panel DataSecond editionCheng HsiaoUniversity of Southern California

This second edition is a substantialrevision of the highly successful firstedition of 1986. The thoroughdiscussion of theory and the judicioususe of empirical examples make thisbook useful to graduate students andadvanced researchers in economics,business, sociology, political science, etc.Econometric Society Monographs, 34


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 W. WatsonPrinceton University, New Jersey

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.Volume 1: Spectral Analysis, Seasonality,Nonlinearity, Methodology, andForecastingEconometric Society Monographs, 32


Volume 2: Causality, Integration andCointegration, and Long MemoryEconometric Society Monographs, 33

2001 228 x 152 mm 396pp 44 linediagrams 49 tables0 521 79207 X Hardback £80.000 521 79649 0 Paperback £29.95

TWO VOLUME SET

2001 228 x 152 mm 944pp77 line diagrams 125 tables0 521 80407 8 2 Volume Hardback Set£150.000 521 79697 0 2 Volume Paperback Set£54.95

MathematicalMethods andProgramming

NEW GRADUATE TEXTBOOK

C++ Design Patternsand Derivatives PricingMark JoshiRoyal Bank of Scotland

This is the first book that combines theareas of mathematical finance, C++,and object-oriented programming(OOP). The author shows the relevanceand use of OOP to financialmathematics by describing how to pricederivatives to obtain reusable andextensible code. Much of the book isdevoted to designing reusablecomponents which are then combinedto build a Monte Carlo pricer for exoticequity derivatives. Those who know thebasics of C++ and mathematicalfinance, but are unclear how to useOOP to implement models, will welcomethis account.Contents: Preface; 1. A simple Monte Carlomodel; 2. Encapsulation; 3. Inheritance andvirtual functions; 4. Bridging with a virtualconstructor; 5. Strategies, decoration andstatistics; 6. A random numbers class; 7. Anexotics engine and the template pattern;8. Trees; 9. Solvers, templates and impliedvols; 10. The factory; 11. Design patternsrevisited; Appendix A. Black-Scholesformulas; Appendix B. Distributionfunctions; Appendix C. A simple array class;Appendix D. The code; Bibliography.Mathematics, Finance and Risk, 2

2004 247 x 174 mm 200pp 38 exercises0 521 83235 7 Hardback c. £35.00Publication February 2004


Convex OptimizationStephen BoydStanford University, California

and Lieven VandenbergheUniversity of California, Los Angeles

Methods to solve constraint problems(e.g. scheduling) rely on the idea ofconstraint propagation and search.Using constraint techniques inprogramming environments hasaccelerated the solution process,combining ideas from artificialintelligence, programming languages,databases, and operational research.This text is a modern, multidisciplinaryintroduction covering both foundationsand applications.Contents: 1. Introduction; 2. Constraintsatisfaction problems: Examples;3. Constraint programming in a nutshell;

Econometrics/Mathematical Methods and Programming

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4. Some complete constraint solvers;5. Local consistency notions; 6. Someincomplete constraint solvers; 7. Constraintpropagation algorithms; 8. Search;9. General programming issues;Bibliography; Index.

2004 247 x 174 mm 736pp 337 exercises178 figures0 521 83378 7 Hardback c. £45.00Publication January 2004

TEXTBOOK

Statistical ModelsA. C. DavisonSwiss Federal Institute of Technology, Zürich

Models and likelihood are the backboneof modern statistics and data analysis.The unrivalled coverage, abundance ofexamples and exercises, computerpracticals and clear exposition, allcombine to create what is sure tobecome the standard text and referencefor students and users of statistics.Contents: Preface; 1. Introduction;2. Variation; 3. Uncertainty; 4. Likelihood;5. Models; 6. Stochastic models;7. Estimation and hypothesis testing;8. Linear regression models; 9. Designedexperiments; 10. Nonlinear regressionmodels; 11. Bayesian models;12. Conditional and marginal inference;Bibliography; References.Cambridge Series in Statistical andProbabilistic Mathematics, 11

2003 254 x 178 mm 736pp133 line diagrams 119 tables 566 exercises0 521 77339 3 Hardback £40.00

GRADUATE TEXTBOOK

SemiparametricRegressionDavid RuppertCornell University, New York

M. P. WandUniversity of New South Wales, Sydney

and R. J. CarrollTexas A & M University

Assuming only a basic familiarity withordinary parametric regression, thisuser-friendly book explains thetechniques and benefits ofsemiparametric regression in a conciseand modular fashion. The authors makeliberal use of graphics and examplesplus case studies taken fromenvironmental, financial, and otherapplications. They include practicaladvice on implementation and pointersto relevant software.Contents: 1. Introduction; 2. Parametricregression; 3. Scatterplot smoothing;4. Mixed models; 5. Automatic scatterplotsmoothing; 6. Inference; 7. Simplesemiparametric models; 8. Additive models;9. Semiparametric mixed models;10. Generalized parametric regression;11. Generalized additive models;

12. Interaction models; 13. Bivariatesmoothing; 14. Variance functionestimation; 15. Measurement error;16. Bayesian semiparametric regression;17. Spatially adaptive splines; 18. Analysesof case studies; 19. Epilogue; A. Matrix andlinear algebra; B. Vector differentialequations; C. Useful results from probabilitytheory; D. Theory for penalized splines; E.Computational issues.Cambridge Series in Statistical andProbabilistic Mathematics, 12

2003 253 x 177 mm 402pp80 line diagrams 2 colour plates0 521 78050 0 Hardback £70.000 521 78516 2 Paperback £29.95

TEXTBOOK

Principles ofConstraintProgrammingKrzysztof AptCentrum voor Wiskunde en Informatica,Amsterdam

Methods to solve constraint problems(e.g. scheduling) rely on the idea ofconstraint propagation and search.Using constraint techniques inprogramming environments hasaccelerated the solution process,combining ideas from artificialintelligence, programming languages,databases, and operational research.This text is a modern, multidisciplinaryintroduction covering both foundationsand applications.Contents: 1. Introduction; 2. Constraintsatisfaction problems: Examples;3. Constraint programming in a nutshell;4. Some complete constraint solvers;5. Local consistency notions; 6. Someincomplete constraint solvers; 7. Constraintpropagation algorithms; 8. Search;9. General programming issues;Bibliography; Index.

2003 247 x 174 mm 420pp 60 exercises76 figures0 521 82583 0 Hardback £35.00

GRADUATE TEXTBOOK

Discrete ChoiceMethods withSimulationKenneth E. TrainUniversity of California, Berkeley

Describes the new generationof discrete choice methods, focusing onthe many advances that are madepossible by simulation. Researchers usethese statistical methods to examine thechoices that consumers, households,firms, and other agents make. Theprocedures are applicable in manyfields, including energy, transportation,environment, health, and labor.

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.

‘A must have, must read book foracademics and practitioners interestedin understanding, modelling andpredicting decision-making and choicebehavior. As we have come to expectfrom Ken, his new book makes verycomplex topics accessible to a wideaudience. The book covers the basicsthrough to leading-edge thought andwork in complex model systems usingBayesian and simulation estimationmethods. But wait there’s more!There’s ‘Ken the movie’! You also canwatch and listen to Ken’s lectures oneach topic via his UC Berkeley websiteand access his lecture notes. Anunbeatable package for seriousstudents that sets a new standard ineducational communication for thefield of probabilistic discrete choicemodelling.’Jordan Louviere, University of Technology,Sydney, Australia


GRADUATE TEXTBOOK

Economic DynamicsPhase Diagrams and theirEconomic ApplicationSecond editionRonald ShoneUniversity of Stirling

This is the substantiallyrevised and restructured second editionof Ron Shone’s successful textbookEconomic Dynamics presentingdynamics and phase diagrams foradvanced undergraduate and graduatecourses in theory and quantitativeeconomics. The new edition offers animproved and integrated coverage, withmany more exercises, supported by acompanion website.

Visit http://uk.cambridge.org/resourcesContents: Part I: 1. Introduction;2. Continuous dynamic systems; 3. Discretedynamic systems; 4. Systems of first-orderdifferential equations; 5. Discrete systems ofequations; 6. Optimal control theory;7. Chaos theory; Part II: 8. Demand andsupply 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 figures0 521 81684 X Hardback £95.000 521 01703 3 Paperback £34.95

Mathematical Methods and Programming


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GRADUATE TEXTBOOK

A User’s Guide toMeasure TheoreticProbabilityDavid PollardYale University, Connecticut

This book offers a rigorous probabilitycourse for a mixed audience –statisticians, biostatisticians,mathematicians, economists, andstudents of finance – at the advancedundergraduate/introductory graduatelevel, without measure theory as aprerequisite. It covers the basic topics ofindependence, conditioning,martingales, convergence in distribution,and Fourier transforms plus moreadvanced topics.Contents: 1. Motivation; 2. A modicum ofmeasure theory; 3. Densities andderivatives; 4. Product spaces andindependence; 5. Conditioning;6. Martingale et al; 7. Convergence indistribution; 8. Fourier transforms;9. Brownian motion; 10. Representationsand couplings; 11. Exponential tails and thelaw of the iterated logarithm;12. Multivariate normal distributions;Appendix A. Measures and integrals;Appendix B. Hilbert spaces; Appendix C.Convexity; Appendix D. Binomial andnormal distributions; Appendix E.Martingales in continuous time; Appendix F.Generalized sequences.Cambridge Series in Statistical andProbabilistic Mathematics, 8

2002 253 x 177 mm 366pp 200 exercises0 521 80242 3 Hardback £60.000 521 00289 3 Paperback £20.95

TEXTBOOK

Nonlinear DynamicsA PrimerAlfredo MedioUniversita Ca’Foscari, Venezia

and Marji LinesUniversità degli Studi di Udine

A textbook on the theory of nonlineardynamical systems for non-mathematical final-year undergraduateor graduate students, or as a referencebook for researchers, in the physical andsocial sciences. It provides acomprehensive introduction includinglinear systems, stability theory ofnonlinear systems, bifurcation theory,chaotic dynamics.

Visit www.cambridge.org/resources/economicsContents: 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 figures0 521 55186 2 Hardback £70.000 521 55874 3 Paperback £24.95

TEXTBOOK

An Introduction toEconomic DynamicsRonald ShoneUniversity of Stirling

An examples driven treatmentof introductory economic dynamics forstudents with a basic familiarity ofspreadsheets. Shone approaches thesubject with the belief that trueunderstanding of a subject can only beachieved by students themselves settingout a problem and manipulating itexperimentally. Includes web-site forstudents and lecturers.

Visit www.cambridge.org/resources/economicsContents: 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 figures0 521 80034 X Hardback £55.000 521 80478 7 Paperback £19.95

TEXTBOOK

Weighing the OddsA Course in Probability andStatisticsDavid WilliamsUniversity of Wales, Swansea

A lively book enriched with examplesdrawn from all manner of applications.Statistics chapters present both theFrequentist and Bayesian approaches,emphasising Confidence Intervals ratherthan Hypothesis Tests. C or WinBUGScode is provided for computationalexamples and simulations. Manyexercises are included; hints or solutionsare often provided.Contents: Preface; 1. Introduction;2. Events and probabilities; 3. Randomvariables, means and variances;4. Conditioning and independence;5. Generating functions and the centrallimit theorem; 6. Confidence intervals for1-parameter models; 7. Conditional pdfsand multi-parameter Bayesian statistics;8. Linear models, ANOVA etc; 9. Somefurther probability; 10. Quantum probabilityand quantum computing; Appendix A. Some

prerequisites and addenda; Appendix B.Discussion of some selected exercises;Appendix C. Tables; Appendix D. A smallsample of the literature; Bibliography;Index.

2001 247 x 174 mm 566pp 35 tables225 exercises 45 figures0 521 80356 X Hardback £75.000 521 00618 X Paperback £25.95

GRADUATE TEXTBOOK

Asymptotic StatisticsA. W. van der VaartVrije Universiteit, Amsterdam

This mathematically rigorous, practicalintroduction to the field of asymptoticstatistics develops most of the usualtopics of an asymptotics course, andalso presents recent research topicssuch as empirical processes, thebootstrap, and semiparametric models.Contents: 1. Introduction; 2. Stochasticconvergence; 3. The delta-method;4. Moment estimators; 5. M- and Z-estimators; 6. Contiguity; 7. Localasymptotic normality; 8. Efficiency ofestimators; 9. Limits of experiments;10. Bayes procedures; 11. Projections;12. U-statistics; 13. Rank, sign, andpermutation statistics; 14. Relativeefficiency of tests; 15. Efficiency of tests;16. Likelihood ratio tests; 17. Chi-squaretests; 18. Stochastic convergence in metricspaces; 19. Empirical processes; 20. Thefunctional delta-method; 21. Quantiles andorder statistics; 22. L-statistics; 23. Thebootstrap; 24. Nonparametric densityestimation; 25. Semiparametric models.Cambridge Series in Statistical andProbabilistic Mathematics, 3

2000 228 x 152 mm 460pp14 line diagrams 8 tables 21 graphs0 521 78450 6 Paperback £24.95

TEXTBOOK

Mathematical Methodsand Models forEconomistsAngel de la FuenteUniversita Autonoma, Barcelona

This book is intended as a textbook fora first-year PhD course in mathematicsfor economists and as a reference forgraduate students in economics. Itprovides a self-contained, rigoroustreatment of most of the concepts andtechniques required to follow thestandard first-year theory sequence inmicro and macroeconomics.Contents: Part I. Preliminaries: 1. Review ofbasic concepts; 2. Metric and normedspaces; 3. Vector spaces and linearmappings; 4. Differential calculus.



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NEW

StochasticOptimization inContinuous TimeFwu-Ranq ChangIndiana University, Bloomington

This is an introduction to stochasticcontrol theory with applications toeconomics. Most of the existing bookson this subject are written for studentsin mathematics ot in finance. For thosewho are interested in the relevance andapplications of this mathematicalmachinery to economics, there must bea thorough and concise resource forlearning. This book is designed for thatpurpose. The mathematical methods arediscussed intuitively and illustrated witheconomic examples. More importantly,the mathematical concepts areintroduced in language and terminologyfamiliar to graduate students ineconomics.

2004 228 x 152 mm 300pp8 line diagrams0 521 83406 6 Hardback c. £37.50Publication May 2004

NEW

Data EnvelopmentAnalysisTheory and Techniques forEconomics and OperationsResearchSubhash C. RayUniversity of Connecticut

A firm is considered to be technicallyinefficient when it fails to yield themaximum quantity of output produciblefrom the input bundle it uses.Measurement of technical efficiency isimportant for performance evaluationand provides an objective basis fordifferential rewards in the context ofproduction. This book deals with themethod of data envelopment analysisthat uses mathematical programmingtechniques to obtain measures ofefficiency of individual forms from theirobserved input and output quantities.This permits setting up realistic input-output targets for the firms’ managers.

2004 228 x 152 mm 225pp48 line diagrams 49 tables0 521 80256 3 Hardback c. £50.00Publication May 2004

NEW

State Space andUnobservedComponent ModelsTheory and ApplicationsEdited by Andrew HarveyUniversity of Cambridge

Siem Jan KoopmanVrije Universiteit, Amsterdam

and Neil ShephardUniversity of Oxford

This volume offers a broad overview ofthe state-of-the-art developments in thetheory and applications of state spacemodeling. With fourteen chapters fromtwenty-nt models that are important ina wide range of subjects, includingeconomics, finance, environmentalscience, medicine and engineering.Offering a useful reference for allresearchers and students who use statespace methodology, this accessiblevolume makes a significant contributionto the advancement of this discipline.

2004 228 x 152 mm 350pp 24 tables71 figures0 521 83595 X Hardback c. £30.00Publication April 2004

NEW

Event HistoryModelingA Guide for Social ScientistsJanet M. Box-SteffensmeierOhio State University

and Bradford S. JonesUniversity of Arizona

Event History Modeling provides anaccessible, up-to-date guide to eventhistory analysis for researchers andadvanced students in the socialsciences. The authors explain thefoundational principles of event-historyanalysis, and analyse numerousexamples which they estimate andinterpret using standard statisticalpackages, such as STATA and S-Plus.They review recent and criticalinnovations in diagnostics, includingtesting the proportional hazardsassumption, identifying outliers, andassessing model fit. They also discusscommon problems encountered withtime-to-event data, and makerecommendations regarding theimplementation of duration modelingmethods.

2004 228 x 152 mm 240pp18 line diagrams 36 tables0 521 83767 7 Hardback c. £47.500 521 54673 7 Paperback c. £17.95Publication March 2004

Logit Models fromEconomics and OtherFieldsJ. S. CramerUniversiteit van Amsterdam

This text for graduates and practitionersexplains the theory underlying logitanalysis and the technique ofestimation. There are many illustrationsand worked examples as well as a largeonline data set for practice. Althoughinspired by economics, the book paysdue attention to developments inmedicine and other fields.

2003 228 x 152 mm 184pp15 line diagrams0 521 81588 6 Hardback £35.00

Essays in Panel DataEconometricsMarc NerloveUniversity of Maryland, College Park

This volume collects seven of MarcNerlove’s previously published essays onpanel data econometrics, with a newessay on the history of the subject,which began with George Biddell Airey’smonograph in 1861. The essaysillustrate the role of shaping appropriatemethods of inference and theimportance of computer-intensivemethods.

2002 228 x 152 mm 382pp111 line diagrams 28 tables0 521 81534 7 Hardback £60.00

Computation andComplexity inEconomic Behaviorand OrganizationKenneth R. MountNorthwestern University, Illinois

and Stanley ReiterNorthwestern University, Illinois

This book presents a model ofcomputing and a measure ofcomputational complexity which areintended to facilitate analysis ofcomputations performed by people,machines, or a mixed system of peopleand machines. The model is designed toapply directly to models of economictheory without requiring analysis ofapproximations.




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Matrix Calculus andZero-One MatricesStatistical and EconometricApplicationsDarrell A. TurkingtonUniversity of Western Australia, Sydney

This book presents the reader withmathematical tools drawn from matrixcalculus and zero-one matrices anddemonstrates how the use of their toolsfacilitates such applications in asequence of linear econometric modelsof increasing statistical complexity.

2002 228 x 152 mm 218pp 8 tables0 521 80788 3 Hardback £50.00

JOURNAL

Econometric TheoryEditor: Peter C. B. PhillipsYale University

Econometric Theory is aninternational journal dedicated toadvancing theoretical research ineconometrics. The journal provides anauthoritative, centralized, professionaloutlet for original contributions in all ofthe major areas of econometrics. As wellas periodic book reviews and articlesthat embody original theoreticalresearch, the journal publishes historicalstudies on the evolution of econometricthought and on major scholars.Econometric Theory also serves aneducational role by the inclusion of anon-going ‘Problems and Solutions’series and by ‘ET Interviews’ with pre-eminent scholars in the field.Subscriptions

Volume 20 in 2004: February, April, June,August, October and DecemberInstitutions print and onlne: £295/$475Institutions online only: £255/$408Institutions print only: £257/$412Individuals print plus online: £98/$160Students: £49/$80Econometric Society, American StatisticalSociety: £70/$118Print ISSN 0266-4666Electronic ISSN 1469-4360

JOURNAL

Probability in theEngineering andInformational SciencesEditor: Sheldon M. RossUniversity of California, Berkeley

The primary focus of thejournal is on stochastic modelling in thephysical and engineering sciences, withparticular emphasis on queueing theory,reliability theory, inventory theory,simulation, mathematical finance andprobabilistic networks and graphs.Papers on analytic properties andrelated disciplines are also considered,

as well as more general papers onapplied and computational probability, ifappropriate. Readers include academicsworking in statistics, operationsresearch, computer science, engineering,management science and physicalsciences as well as industrialpractitioners engaged intelecommunications, computer science,financial engineering, operationsresearch and management science.Subscriptions

Volume 18 in 2004: January, April, July andOctoberInstitutions print and online: £316/$492Institutions online only: £275/$428Institutions print only: £280/$435Individuals print plus online: £78/$118Print ISSN 0269-9648Electronic ISSN 1469-8951

Microeconomics

HIGHLIGHT

Putting AuctionTheory to WorkPaul MilgromStanford University, California

This book provides a comprehensiveintroduction to modern auction theoryand its important new applications. It iswritten by a leading economic theoristwhose suggestions guided the creationof the new spectrum auction designs.Aimed at graduate students andprofessionals in economics, the bookgives the most up-to-date treatments ofboth traditional theories of ‘optimalauctions’ and newer theories of multi-unit auctions and package auctions, andshows by example how these theoriesare used. The analysis explores thelimitations of prominent older designs,such as the Vickrey auction design, andevaluates the practical responses tothose limitations. It explores the tensionbetween the traditional theory ofauctions with a fixed set of bidders, inwhich the seller seeks to squeeze asmuch revenue as possible from the fixedset, and the theory of auctions withendogenous entry, in which bidderprofits must be respected to encourageparticipation.

• Author is the world’s leading activescholar on auctions, internationallycelebrated for his research on auctiondesign

• The most comprehensive and up-to-date book on the subject; authoranswers his critics in the literature

• A must-buy for graduate students

Contents: 1. Getting to work; Section I. TheMechanism Design Approach: 2. Vickrey-Clarke-Groves mechanisms; 3. The envelopetheorem and payoff equivalence; 4. Biddingequilibrium and revenue differences;5. Interdependence of types and values;6. Auctions in context; Section II. Multi-UnitAuctions: 7. Uniform price auctions;8 Package auctions and combinatorialbidding.

‘Paul Milgrom has combinedfundamental work in economic theoryand, in particular, the theory ofauctions, with extensive practicalparticipation in the auctions of theelectromagnetic spectrum. This book isa brilliant synthesis of his own andothers’ contributions to the field. Theimpact of practical problems on theneed for theory is thoroughlyexemplified. The exposition of thetheory has that complete ease onlyachievable through complete masteryand intense work.’Kenneth Arrow, Nobel Laureate,Stanford University

‘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 – so other markets too will reap thebenefits of these insights.’Joseph Stiglitz, Nobel Laureate,Columbia UniversityChurchill Lectures in Economics

2004 228 x 152 mm 350pp8 line diagrams 4 tables0 521 55184 6 Hardback c. £60.000 521 53672 3 Paperback c. £21.95Publication March 2004

HIGHLIGHT

Competition PolicyTheory and PracticeMassimo MottaEuropean University Institute, Florence

This is the first book to provide asystematic treatment of the economicsof antitrust (or competition policy) in aglobal context. It draws on the literatureof industrial organisation and onoriginal analyses to deal with suchimportant issues as cartels, joint-ventures, mergers, vertical contracts,predatory pricing, exclusionary practices,and price discrimination, and toformulate policy implications on theseissues. The interaction between theoryand practice is one of the main featuresof the book, which contains frequentreferences to competition policy casesand a few fully developed case studies.The treatment is written to appeal to

Mathematical Methods and Programming/Microeconomics

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practitioners and students, to lawyersand economists. It is not only atextbook in economics for first yeargraduate or advanced undergraduatecourses, but also a book for all thosewho wish to understand competitionissues in a clear and rigorous way.Exercises and some solved problems areprovided.

• Most student-friendly, up to date texton competition policy/antitrust

• Author is excellent expositor, at theforefront of scholarly research incompetition policy

• Book covers both Europe and the US;contains exercises and some solvedproblems

Contents: Part I. Competition Policy;Part II. Market Power and Welfare; PartIII. Market Definition and theAssessment of Market Power; Part IV.Collusion and Horizontal Agreements;Part V. Horizontal Mergers; Part VI.Vertical Restraints and Vertical Mergers;Part VII. Predation, Monopolisation, andOther Abusive Practices; Part VIII. AToolkit.

2004 253 x 177 mm 640pp35 line diagrams 19 tables0 521 81663 7 Hardback £90.000 521 01691 6 Paperback £33.95Publication January 2004

FORTHCOMING TEXTBOOK

Information Efficiencyin Gambling MarketsLeighton Vaughan-WilliamsNottingham Trent University

and Raymond D. Sauer, Jr.Clemson University, South Carolina

Gambling markets offer economists afascinating case study of howinformation efficiency operates in amarket. Insights gained from gamblinginterest a wide community:governments, who like to tax gamblers;financial market analysts, whothemselves gamble on the financialmarkets; and, lastly, mathematicians,who bring their particular skills to thegreat mathematical puzzle of gambling.All these will want to read this survey ofthe theory and practice of gambling,written by two experts from the US andBritain and using examples from aninternational range of sports bettingmarkets.Contents: 1. Introduction; 2. Empirical testsof weak form information efficiency infinancial markets; 3. Empirical tests of semi-strong form information efficiency infinancial markets; 4. Empirical tests ofstrong form information in financialmarkets; 5. Weak form informationefficiency in racetrack betting markets:

Concepts, definitions and tests; 6. Semi-strong and strong form informationefficiency in betting markets: Concepts,definitions and tests; 7. Constructing a newdata set to test information efficiency inBritish racetrack betting markets;8. Employing the new data set to test forweak form efficiency in betting markets;9. Employing the new data set to test forsemi-strong form efficiency in Britishracetrack betting markets; 10. Employing anew data set to test for strong formefficiency in British racetrack bettingmarkets; 11. Summary and conclusions.

228 x 152 mm 260pp0 521 81603 3 Hardback c. £45.00Publication late 2004

NEW TEXTBOOK

Economics and theTheory of GamesFernando Vega-RedondoUniversidad de Alicante

This textbook offers a systematic, self-contained account of the maincontributions of modern game theoryand its applications to economics.Starting with a detailed description ofhow to model strategic situations, thediscussion proceeds by studying basicsolution concepts, their mainrefinements, games played underincomplete information, and repeatedgames. For each of these theoreticaldevelopments, there is a companion setof applications that cover the mostrepresentative instances of game-theoretic analysis in economics, e.g.oligopolistic competition, public goods,coordination failures, bargaining,insurance markets, implementationtheory, signaling and auctions. Thetheory and applications covered in thefirst part of the book fall under the so-called ‘classical’ approach to gametheory, which is founded on theparadigm of players’ unlimitedrationality. The second part shiftstowards topics that no longer abide bythat paradigm. This leads to the study oftopics such as the interplay betweenevolution and rationality.

• Most up-to-date, comprehensive texton game theory now available forupper-level undergraduates andabove; contains exercises

• Covers all aspects of game theory(now a wide field), including topics ofsocial learning, evolution, rationality,multiple equilibria

• Balances theory and applications;author known in US as well as Europe

Contents: Part I. Theoretical Framework;Part II. Strategic-Form Analysis; Part III.Strategic-Form Analysis; Part IV. Refinementsof Nash Equilibrium; Part V. Refinements of

Nash Equilibrium; Part VI. IncompleteInformation; Part VII. IncompleteInformation; Part VIII. Repeated Interaction;Part IX. Repeated Interaction; Part X.Evolutionary Foundations of Equilibrium;Part XI. Learning to Play; Part XII. SocialLearning and Equilibrium Selection;12.1 Introduction; 12.2 Evolutionary games.

2003 253 x 177 mm 524pp84 line diagrams 55 tables 227 exercises0 521 77251 6 Hardback £90.000 521 77590 6 Paperback £32.95

TEXTBOOK

A Theory of Case-Based DecisionsItzhak GilboaTel-Aviv University and Ohio State University

and David SchmeidlerTel-Aviv University and Ohio State University

Gilboa and Schmeidler provide a newparadigm for modelling decision makingunder uncertainty, one which suggeststhat people make decisions by analogiesto past cases. The authors describe thegeneral theory and its relationship toplanning, repeated choice problems,inductive inference, and learning.Contents: 1. Prologue; 2. Decision rules;3. Axiomatic derivation; 4. Conceptualfoundations; 5. Planning; 6. Repeatedchoice; 7. Learning and induction;Bibliography.

2001 216 x 138 mm 210pp0 521 80234 2 Hardback £40.000 521 00311 3 Paperback £15.95

NEW

Auctioning PublicAssetsAnalysis and AlternativesEdited by Maarten C. W. JanssenErasmus Universiteit Rotterdam

In many countries all over the world,governments are privatising firms thatwere previously under public control.This book provides an overview of theeconomic issues that are involved in thistransfer of ownership of public assets.Combining a theoretical framework witha set of case studies, it asks whichallocation mechanism can a governmentadopt and how will the choice ofallocation mechanism affect futuremarket outcomes? With contributionsfrom international experts, it offers anaccessible introduction to auction theoryand an invaluable non-technical analysisof existing knowledge.


Microeconomics


12

Marriage and theEconomyTheory and Evidence fromAdvanced Industrial SocietiesEdited by Shoshana A. Grossbard-ShechtmanSan Diego State University

Foreword by Jacob Mincer

This book examines the impact ofmarriage on labor force participation,productivity at work, savings,government programs, and many otheraspects of the economy. In order toappeal to a wider audience, the bookavoids professional jargon and densetechnical expertise that often preventoutsiders from appreciating economicdiscourse.


Macroeconomicsand MonetaryEconomics

HIGHLIGHT

Rational HerdsEconomic Models of SocialLearningChristophe P. ChamleyBoston University

Penguins jumping off a cliff, economicforecasters and financial advisorsspeculating against a currency, andfarmers using traditional methods inIndia are all practising social learning.Such learning from the behavior ofothers may and does lead to herds,crashes, and booms. These issues havebecome an exciting field of research intheoretical and applied economics,finance, and social sciences. This bookprovides both an informal introductionand in-depth insights into the mostrecent advances. Each chapter isdevoted to a separate issue: individualslearn from the observations of actions,the outcomes of these actions, and fromwhat others say. They may delay ormake an immediate decision; they maycompete against others or gain fromcooperation; they make decisions aboutinvestment, crop choices, and financialinvestments. The book highlights thesimilarities and the differences betweenthe various cases.

• Best, broadest, most student-friendlyreview of the major topics inmacroeconomics (herding, learning,crashes, booms, etc.)

• Author is internationally known as astate-of-the-art researcher at theforefront of these technical fields

• Exercises with each chapter, proofswritten out for students

Contents: 1. Introduction; Part I. SocialLearning: 2. Bayesian tools; 3. Sociallearning with a common memory;4. Cascades and herds; 5. Limitedmemories; 6. Delays; 7. More delays;8. Outputs; 9. Networks and diffusion;10. Words; Part II. Coordination:11. Guessing to coordinate; 12. Learning tocoordinate; 13. Delays and payoffexternalities; Part III. Financial Herding:14. Sequences of financial trades;15. Gaussian financial markets;16. Financial frenzies.

‘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

2004 253 x 177 mm 416pp68 line diagrams 7 tables 61 exercises0 521 82401 X Hardback £80.000 521 53092 X Paperback £29.95Publication February 2004

NEW TEXTBOOK

DynamicMacroeconomicAnalysisTheory and Policy in GeneralEquilibriumEdited by Sumru AltugKoç University, Istanbul

Jagjit S. ChadhaUniversity of St. Andrews

and Charles NolanUniversity of Durham

This book applies modern micro-founded macroeconomic models tosome of the most important economicpolicy questions facing monetary andmacroeconomic policy-makers. Keyissues that are surveyed include:consumption investment; growth andbusiness cycles; the role of government;asset pricing; the interaction ofmonetary and fiscal policy; open-economy issues; stabilisation policy andgeneral equilibrium analyses ofemerging market crises. Technicallyrigorous and summarising majorresearch breakthroughs, this book

gathers specially commissioned chaptersfrom leading experts and offers a roadmap to the future of macroeconomics.Contents: Foreword William Brock;1. The application of stochastic dynamicprogramming methods to householdconsumption and saving decisions: a criticalsurvey Jim Pemberton; 2. Investmentdynamics Fanny S. Demers, Michael Demersand Sumru Altug; 3. Taxes and welfare in astochastically growing economy Stephen J.Turnovsky; 4. Recent developments in themicroeconomic stabilisation literature: Isprice stability a good stabilisation strategy?Matt Canzoneri, Robert Cumby and BehzadDiba; 5. On the interaction of monetary andfiscal policy Jagjit Chadha and CharlesNolan; 6. Dynamic general equilibriumanalysis: the open economy dimensionPhilip Lane and Giovanni Ganelli; 7. Creditfrictions and ‘sudden stops’ in small openeconomies: an equilibrium business cycleframework for emerging markets crisesCristina Arellano and Enrique Mendoza; 8. Asset pricing in macroeconomic modelsPaul Söderlind; 9. Labor market search andmonetary shocks Carl Walsh; 10. On theintroduction of endogenous labor income indeterministic and stochastic endogenousgrowth models Stephen J. Turnovsky; 11. Growth and business cycles GabrielTalmain.


TEXTBOOK

The Economics ofExchange RatesLucio SarnoUniversity of Warwick

and Mark P. TaylorUniversity of Warwick

Foreword by Jeffery A. Frankel

This volume provides a selectivecoverage of the literature on exchangerates, focusing on developments fromwithin the last fifteen years. Clearexplanations of theories are offered,alongside an appraisal of the literatureand suggestions for further researchand analysis.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.

2003 247 x 174 mm 330pp 10 figures0 521 48133 3 Hardback £65.000 521 48584 3 Paperback £24.95

Microeconomics/Macroeconomics and Monetary Economics


13

TEXTBOOK

Modeling MonetaryEconomiesSecond editionBruce ChampFederal Reserve Bank, Cleveland

and Scott FreemanUniversity of Texas, Austin

Uniquely among monetary textbooks,this text teaches monetary economicsusing a simple model based onstandard microeconomics. The model isclearly and explicitly specified so thatstudents see and participate indiscovering the implications of themodel for monetary questions.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.


NEW

Australia’s MoneyMandarinsStephen BellUniversity of Queensland

Australia’s Money Mandarins lets thekey players speak for themselves andtells the story of monetary policy andthe political role of the Reserve Bank ofAustralia over the past two decades. Itdiscusses how the bank has been usedas a ‘political football’, describes theconflicts with the government and theDepartment of Treasury, and how thebank got used to the rough and tumbleof politics and managed to assert alevel of independence in the 1990s.

2004 228 x 152 mm c.176pp0 521 83990 4 Hardback c. £45.00Publication May 2004

NEW

Economic Growth andMacroeconomicDynamicsRecent Developments inEconomic Theory Stephen DowrickAustralian National University, Canberra

Rohan PitchfordAustralian National University, Canberra

and Stephen J. TurnovskyUniversity of Washington

This book brings together a number ofcontributions to growth theory andmacroeconomic dynamics, reflectingrecent developments and ongoingdebate over the relative merits of neo-classical and endogenous growthmodels. It focuses on the emergence ofthree important aspects: First, itdevelops growth models that extend theunderlying theory in different directions.Second, it addresses the statisticalproperties of underlying data and theeffort to ensure that growth models areconsistent with empirical evidence.Third, it discusses the increasinglyinternational focus of macrodynamicsand growth theory.

2004 228 x 152 mm 200pp22 line diagrams 6 tables0 521 83561 5 Hardback c. £47.50Publication May 2004

NEW

Productivity Growth,Inflation, andUnemploymentThe Collected Essays of Robert J.GordonRobert J. GordonNorthwestern University, Illinois

Foreword by Robert M. Solow

The 17 seminal essays by Robert J.Gordon collected here, including threepreviously unpublished works, offersharply etched views on the principaltopics of macroeconomics – growth,inflation, and unemployment. Theauthor re-examines their salient pointsin a uniquely creative, accessibleintroduction that serves on its own asan introduction to modernmacroeconomics. Each of the four partsinto which the essays are grouped alsooffers a new introduction. The forewordby Nobel Laureate Robert M. Solowcomments on the abiding importance ofthese essays drawn from 1968 to thepresent.

2004 228 x 152 mm 512pp46 line diagrams 77 tables0 521 80008 0 Hardback £95.000 521 53142 X Paperback £34.95Publication February 2004

NEW

Monetary Policy, FiscalPolicies and LabourMarketsMacroeconomic Policy Making inthe EMUEdited by Roel BeetsmaUniversiteit van Amsterdam

and Carlo FaveroUniversità Commerciale Luigi Bocconi, Milan

Alessandro MissaleUniversità degli Studi di Firenze

Anton MuscatelliUniversity of Glasgow

Piergiovanna NataleUniversità degli Studi di Milano

and Patrizio TirelliUniversità degli Studi di Milano

Three years after the birth of theEuropean Monetary Union (EMU)economists are still divided in theirassessment of the ability of its keyinstitutions to provide macroeconomicstability and foster the reformsnecessary to stimulate economicgrowth. In this collection expertsaddress key questions on issues of fiscalpolicy, monetary policy and labourmarkets. Blending empirical andtheoretical data, this book offers one ofthe most comprehensive surveys ofrecent research in macroeconomicpolicymaking within the EMU today.

2004 228 x 152 mm 399pp14 line diagrams 21 tables 57 graphs0 521 82308 0 Hardback £45.00Publication January 2004

NEW

Monetary PolicyTransmission in theEuro AreaEdited by Ignazio AngeloniEuropean Central Bank, Frankfurt

Anil KashyapUniversity of Chicago

and Benoît MojonEuropean Central Bank, Frankfurt

This book presents the results of thefirst ever research project on themonetary transmission mechanism inthe European Monetary Union. Thisresearch, undertaken by theEurosystem’s Monetary TransmissionNetwork, analysed both macro andmicro-economic data, for the area as awhole and for individual countries. Theresults, described in essays by centralbank economists, along with adiscussion chapter by eminentacademics, provide an essentialcontribution to the latest research.

2003 228 x 152 mm 511pp 98 tables41 graphs0 521 82864 3 Hardback £60.00

Macroeconomics and Monetary Economics

14

Monetary and FiscalPolicies in EMUInteractions and CoordinationEdited by Marco ButiEuropean Commission

Leading scholars and policy makersexamine the challenges that are facingeconomic policies in the EMU today.Blending theoretical and policy analyses,this comprehensive study is bothrigorous in its economic analysis andhighly relevant to the policy agendas ofall industrialised countries.


NOBEL PRIZE WINNER

Towards a NewParadigm in MonetaryEconomicsJoseph StiglitzColumbia University, New York

and Bruce GreenwaldColumbia University, New York

Written out of the authors’ originalthoughts and empirical observationswhile serving in some renownedeconomic organizations. It provides apioneer treatment of critical topics inmonetary economics and insightfulpolicy implications, among which arethe 1991 US recession, the liberalizationof financial markets, and the East AsianCrisis. The book is a necessity foracademic researchers in monetaryeconomics, an enlightening reference foreconomists working in central banks orinternational institutions, and aninnovative work that may eventuallychange our view of monetary policies.

Professor Joseph E. Stiglitz is the winnerof the 2001 Nobel Prize for Economics.Raffaele Mattioli Lectures

2003 216 x 138 mm 344pp 59 graphs0 521 81034 5 Hardback £45.000 521 00805 0 Paperback £16.95

The Monetary Theoryof ProductionAugusto GrazianiUniversità degli Studi di Roma ‘La Sapienza’

Augusto Graziani challenges traditionaltheories of monetary production,arguing that a modern economy basedon credit cannot be understood withouta focus on the administration of creditflow. A strong exponent of thecirculation theory of monetaryproduction, Graziani presents anoriginal and perhaps controversialargument which will stimulate debate.Federico Caffe Lectures

2003 216 x 138 mm 186pp0 521 81211 9 Hardback £40.00

The MonopolisticCompetitionRevolution inRetrospectEdited by Steven BrakmanRijksuniversiteit Groningen, The Netherlands

and Ben J. HeijdraRijksuniversiteit Groningen, The Netherlands

A seminal paper by Avinash Dixit andJoseph Stiglitz revolutionized themodeling of imperfectly competitivemarkets and launched the secondmonopolistic competition revolution. Inthis collection of original essays expertsin the fields of macroeconomics,international trade theory, economicgeography, and growth theory examinethe success of the second revolution,what is missing, and look forward tothe next step in the modeling ofimperfectly competitive markets. Withcontributions from well known figuresin this field, this book will excite interestamongst researchers, advanced studentsand economists.


Financial StructureAn Investigation of SectoralBalance Sheets in the G-7Joseph P. ByrneNational Institute of Economic and SocialResearch, London

and E. Philip DavisNational Institute of Economic and SocialResearch, London

Differences in overall financial structureunderlie important contrasts in financingand economic behaviour. In this context,this book aims to confront theory andextant empirical work with aggregatefinancial data across the G-7, between1970 and 2000.National Institute of Economic and SocialResearch Economic and Social Studies, 43


Monetary Transmissionin Diverse EconomiesEdited by Lavan MahadevaBank of England

and Peter SinclairBank of England

This volume explains different aspects ofthe transmission mechanism. Itscrutinises the relevance of practicalissues such as asymmetries, recentstructural changes and estimation errorsusing data on the US, Euro area anddeveloping countries. Also focuses onmodelling crucial aspects includingproductivity, the exchange rate and themonetary sector.


JOURNAL

MacroeconomicDynamicsEditor: William A. BarnettUniversity of Kansas

Macroeconomic Dynamicspublishes theoretical, empirical orquantitative research of the higheststandard. Papers are welcomed from allareas of macroeconomics and from allparts of the world. Major advances inmacroeconomics without immediatepolicy applications will also beaccepted, if they show potential forapplication in the future. Occasionalbook 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.Subscriptions

Volume 8 in 2004: February, April, June,September and NovemberInstitutions print and online: £185/$290Institutions online only: £162/$252Institutions print only: £165/$260Individuals print plus online: £72/$114Students: £32/$51Econometric Society, Society for NonlinearDynamics and Econometrics, Society forComputational Economics, Society for thePromotion of Economic Theory, Society for theAdvancement of Economic Theory (print andelectronic): £43/$68Print ISSN 1365-1005Electronic ISSN 1469-8056

Macroeconomics and Monetary Economics

15

InternationalEconomics

TEXTBOOK

Macroeconomics inEmerging MarketsPeter J. MontielWilliams College, Massachusetts

A relatively non-technical textbook inmacroeconomics designed specificallyfor emerging economies, this bookprovides a model that upper-levelundergraduate students can use tounderstand economic events in theircountries. It also provides analysis of keymacroeconomic problem areas such asfiscal deficits, financial sector reform,and exchange rate policies.

Contents: Part I. Overview; Part II.A Benchmark Macroeconomic Model foran Emerging Economy; Part III. PublicFinance and MacroeconomicPerformance; Part IV. The FinancialSector and MacroeconomicPerformance; Part V. Exchange RateManagement.


NEW

How AustraliaComparesRod TiffenUniversity of Sydney

and Ross GittinsSydney Morning Herald

How Australia Compares is a referencework which assesses the nation with itsbroader group of peers. In an accessibleformat it compares and contrastsAustralia over 17 core aspects ofeconomic, political and social life with18 leading first-world countries.Professor Rod Tiffen, a Professor ofPolitical Science and Dr Ross Gittins, theEconomics Editor of The SydneyMorning Herald, are a good team whoboth show keen empirical skills insourcing and interpreting data and whocan communicate figures in a lively way.

2004 246 x 190 mm 288pp 394 tables0 521 83578 X Hardback c. £40.00Publication March 2004

NEW

Gambling in AmericaCosts and BenefitsEarl L. GrinolsUniversity of Illinois, Urbana-Champaign

Gambling in America explains why thepublic decision making processgoverning the issue of casino gamblingtends to lead to wrong outcomes andwhy the studies typically provided tojustify the phenomenon are conceptuallyflawed. The book then seeks to set therecord straight by describing what trueeconomic development is, sets up theframework for a valid cost-benefitanalysis to assess whether truedevelopment occurs and applies itsmethodology to the casino industry inAmerica.

2004 228 x 152 mm 240pp15 line diagrams 18 tables0 521 83013 3 Hardback £35.00Publication February 2004

NEW

Dispute Settlement inthe World TradeOrganizationPractice and ProcedureSecond editionDavid PalmeterSidley Austin Brown & Wood

and Petros C. MavroidisUniversité de Neuchatel, Switzerland

In this extensively revised new edition ofPalmeter and Mavroidis’ authoritativebook on WTO dispute settlement, theauthors discuss all WTO disputesettlement provisions and theirinterpretation in WTO jurisprudence.Although the book containsconsiderable technical expertise, it iscarefully written for accessibility to awide readership. An essential volume forpractitioners, diplomats and governmentlawyers, this is a comprehensive studyof compulsory third party adjudication ininternational law.

2004 228 x 152 mm 325pp0 521 82311 0 Hardback c. £110.000 521 53003 2 Paperback c. £40.00Publication February 2004

NEW

Agriculture and theNew Trade AgendaCreating a Global TradingEnvironment for DevelopmentEdited by Merlinda IngcoThe World Bank

and L. Alan WintersUniversity of Sussex

Negotiating the liberalisation of worldagricultural trade in the World TradeOrganisation (WTO) is fraught withdifficulty due to the complexity of theissues and the wide range of interestsacross countries. In this collection ofessays, international trade economistsprovide analyses of the key issues,diverse interests, challenges and optionsfor trade liberalization and the newtrade agenda of the WTO, and examinethe implications for both developed anddeveloping countries. This volume,written by leading agricultural tradespecialists will appeal to professionals,academic researchers and scholars.

2004 228 x 152 mm 552pp 77 tables80 figures0 521 82685 3 Hardback c. £60.00Publication February 2004

NEW

Doha and BeyondThe Future of the MultilateralTrading SystemEdited by Mike Moore

This book brings together members ofthe former WTO Director General’sadvisory group which was formed toprovide him with expert advice beforeand after the Doha MinisterialConference. Nine experts explore issueswhich are pertinent to the ongoingprogress in negotiations, and theirchapters are brought together with anoverview introduction. All in all, thisvolume offers an excellent summary ofkey issues facing the WTO as it movesforward. It should prove essentialreading for trade negotiators andscholars concerned with the post-Cancoun agenda.

2004 228 x 152 mm 208pp0 521 83343 4 Hardback c. £35.00Publication February 2004

International Economics


16

NEW

The IMF and its CriticsReform of Global FinancialArchitectureEdited by David VinesUniversity of Oxford

and Christopher L. GilbertUniversiteit van Amsterdam

The IMF is the first economic institutionin line to protect countries from theeffects of financial crises and to insulatethe world economy from possiblesystemic risk. But how well is it doingits job? This book, written by leadingeconomists, analyses the key issueswhich the IMF faces in the aftermath ofcrises in Asia and Argentina. Combiningrigorous economic analysis with insiderperspectives on current policy debates,this book is essential reference foranyone interested in the role ofinternational financial institutions in ourglobalised economy.Global Economic Institutions, 5

2004 228 x 152 mm 464pp11 line diagrams 12 tables0 521 82154 1 Hardback £55.00Publication January 2004

NEW

The WTO Case Law of2001The American Law InstituteReporters’ StudiesEdited by Henrik HornStockholms Universitet

and Petros C. MavroidisUniversité de Neuchatel, Switzerland

First annual report of the American LawInstitute project on WTO Law. Theproject undertakes yearly analysis of thecase law from the adjudicating bodiesof the WTO. Reporters’ Studies for 2001cover a wide range of WTO law rangingfrom classic trade in goods issues tointellectual property protection. Eachcase is evaluated jointly by aneconomist and a lawyer. Studies do notcover all issues discussed in a case, butseek to discuss both the procedural andthe substantive issues that form the‘core’ of the dispute.World Trade Organization

2003 228 x 152 mm 306pp0 521 83421 X Hardback c. £45.00

NEW

Trade and IndustrialPolicy underInternationalOligopolySajal LahiriSouthern Illinois University, Carbondale

and Yoshiyasu OnoUniversity of Osaka, Japan

The existence of firms with differentlevels of efficiency within a countryplays an important role in this in-depthanalysis of industrial and trade policiesin a multi-country trade-theoreticframework. Sajal Lahiri and YoshiyasuOno examine various industrial policies,R&D subsidies and trade policies underconditions of imperfect competition in aproduct market created by the presenceof Cournot oligopolisticinterdependence in production. Thebook covers both commodity trade,assuming full employment, and foreigndirect investment, assumingunemployment, and will excite interestamongst researchers, advanced studentsand policy makers.


Genes and InsuranceEthical, Legal and EconomicIssuesMarcus RadetzkiStockholms Universitet

Marian RadetzkiStockholms Universitet

and Niklas JuthGöteborgs Universitet, Sweden

The genetic information that is availableto insurance companies has often beenregulated to avoid certain ethicaldifficulties. But regulation may not bethe solution, argue the authors, andsuggest instead the resurrection ofcollectively funded public insurances.This will interest academic researchersand professonials involved with geneticsand insurance.Cambridge Law, Medicine and Ethics, 1

2003 228 x 152 mm 169pp0 521 83090 7 Hardback £40.00

TheInternationalisation ofAntitrust PolicyMaher M. DabbahUniversity of London

Dabbah’s clear and original discussion ofthe internationalisation of antitrust policyexamines in particular the decisionalpractice of relevant bodies in the EC andthe US. He concludes by predicting futuredevelopments. This will interest antitrust

officials, international organisations,businesspeople, academics, researchersand policy-makers involved in antitrustlaw and policy.

2003 228 x 152 mm 352pp0 521 82079 0 Hardback £50.00

A Handbook onAnti-DumpingInvestigationsJudith CzakoWorld Trade Organization

Johann HumanWorld Trade Organization

and Jorge MirandaWorld Trade Organization

This handbook covers the major areasarising in anti-dumping investigations asembodied in the relevant WTO provisions,providing an exposition of well-sourcedinformation, explanations and guidance forgrasping the intricacies of anti-dumpingproceedings. This will assist investigators,government officials, importing andexporting enterprises, and academicsconcerned with international trade issues.

2003 228 x 152 mm 564pp0 521 83042 7 Hardback £70.00

Dictionary of TradePolicy TermsFourth editionWalter GoodeUniversity of Adelaide

Described here in simple language aresome 2000 key terms, expressions andevents associated with internationaltrade, covering the WTO and theactivities of other internationalorganizations with an interest in therules governing global trade. It is aimedat the generalist, but specialists andespecially newcomers will also benefit.


Financial Crisis andTransformation ofKorean BusinessGroupsThe Rise and Fall of ChaebolsSea-Jin ChangKorea University, Seoul

Explores the strategies that chaebols –Korean business groups – have pursued,examines their structures, and assessestheir performance. It highlights thestrengths of chaebols that enabled theirfast growth, as well as the weaknessesthat waylaid them when the Asian crisisoccurred.

2003 228 x 152 mm 376pp38 line diagrams 1 half-tone 24 tables0 521 81435 9 Hardback £55.00



17

International FinancialGovernance underStressGlobal Structures versusNational ImperativesEdited by Geoffrey R. D. UnderhillUniversiteit van Amsterdam

and Xiaoke ZhangUniversiteit van Amsterdam

The Asian and Argentinian financialcrises have focused attention on themost appropriate shape and role forinternational and national financialinstitutions. This volume offers a wide-ranging overview of the problems andpossible policy responses. Although theapproach is multi-disciplinary, most ofthe contributors write from a politicaleconomy perspective.Global Economic Institutions, 4


Economic Policy in theInternational EconomyEssays in Honor of Assaf RazinEdited by Elhanan HelpmanHarvard University, Massachusetts

and Efraim SadkaTel-Aviv University

This book contains fifteen major essayson international economics. The authorsinvestigate five principal themes: theory,and empirics, of financial issues in openeconomies; economic growth; publiceconomies; and political economy. Thisvolume of cutting edge research will beof interest to scholars, policy makers,and advanced students alike.


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 graphs0 521 82701 9 Hardback £20.00

Selling ChinaForeign Direct InvestmentDuring the Reform EraYasheng HuangMassachusetts Institute of Technology

The book proposes a radically differentperspective on China’s integration in theworld economy. Most economists viewChina’s large foreign direct investment(FDI) inflows as a result of China’seconomic success. This book views thesame phenomenon as a function of theimperfections in the Chinese economicsystem.Cambridge Modern China Series


China and the WorldTrading SystemEntering the New MillenniumEdited by Deborah Z. CassLondon School of Economics and PoliticalScience

Brett G. WilliamsUniversity of Sydney

and George BarkerAustralian National University, Canberra

Leading scholars analyse key issuesrelating to China’s recent WTOaccession. Will China’s membershipburden the WTO’s dispute settlementsystem? Will the inclusion of the sixthlargest economy in the world alter theinternational trading system, andencourage domestic legal and economicreform?


States in the GlobalEconomyBringing Domestic InstitutionsBack InEdited by Linda WeissUniversity of Sydney

General opinion holds that globalisationlimits the state’s capacity for domesticgovernment. This book questions thethesis that the state’s role has beenrestricted. The contributors argue thatglobalisation can enable as well asconstrain, and that its effects depend onthe character of a country’s domesticinstitutions.Cambridge Studies in InternationalRelations, 86

2003 228 x 152 mm 378pp12 line diagrams 11 tables0 521 81913 X Hardback £47.500 521 52538 1 Paperback £17.95

JOURNAL

World Trade ReviewEditor: Richard BlackhurstGraduate Institute of InternationalStudies, Geneva

The World Trade Review hasbeen established at the initiative of theWorld Trade Organization (WTO) in closecooperation with Cambridge UniversityPress. It is an independent journal – theEditor and all but one of the EditorialBoard are drawn from universityfaculties – that includes articles writtenfrom economic, legal 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.Subscriptions

Volume 3 in 2004: April, August andDecemberInstitutions print and online: £134/$224Institutions online only: £120/$200Institutions print only: £125/$209Individuals print only: £32/$48Individuals in low-income countries: £32American Economic Association, EuropeanEconomic Association, American PoliticalScience Association: £25/$40Print ISSN 1474-7456Electronic ISSN 1475-3138

FinancialEconomics

HIGHLIGHT

EntertainmentIndustry EconomicsA Guide for Financial AnalysisSixth editionHarold L. Vogel

The entertainment industry is one of thelargest sectors of the US economy, fastbecoming one of the most prominentglobally. In this new sixth edition,Harold L. Vogel examines the businesseconomics of the major entertainmententerprises: movies, television, and cableprogramming, music, broadcasting,casino-wagering and gambling, sports,publishing, performing arts, themeparks, and toys. A new section isincluded, pertaining to recenttheoretical work explaining box officeperformance. New material links theconcept of cultural capital to theorganizational aspects shared by allcreative industries, expands thecoverage of deal elements in the music


18

industry, and provides additions to thesports economics chapter. The result is acomprehensive, up-to-date referenceguide on the economics, financing,production, and marketing ofentertainment in the US and overseas.An invaluable guide to howentertainment industries operate,suitable for investors, businessexecutives, accountants, lawyers, artsadministrators, and general readers.

• Best-selling book of its kind by arenowned author

• Discussion of the most up-to-datedevelopments in entertainmenteconomics

• Contains new section on box officeperformance, new material on culturalcapital and the organization ofcreative industries, and additions tothe music and sports chapters

Contents: Part I. Introduction: 1. Economicperspectives; Part II. Media-DependentEntertainment: 2. Movie macroeconomics;3. Making and marketing movies; 4.Financial accounting in movies andtelevision; 5. Music; 6. Broadcasting; 7.Cable; 8. The internet; 9. Publishing; 10.Toys and games; Part III. LiveEntertainment: 11. Gaming and wagering;12. Sports; 13. Performing arts and culture;14. Amusement/theme parks; Part IV.Roundup: 15. Epilog; Notes; Appendix A.Sources of information; Appendix B. Majorgames of chance; Appendix C.Supplementary data; Glossary; References;Index.

2004 228 x 152 mm 570pp94 line diagrams 106 tables0 521 83612 3 Hardback c. £37.50Publication June 2004

HIGHLIGHT

Financial DerivativesPricing, Applications, andMathematicsJamil BazDeutsche Bank, London

and George ChackoHarvard Business School

This book offers a complete, succinctaccount of the principles of financialderivatives pricing. The first chapterprovides readers with an intuitiveexposition of basic random calculus.Concepts such as volatility and time,random walks, geometric Brownianmotion, and Ito’s lemma are discussedheuristically. The second chapterdevelops generic pricing techniques forassets and derivatives, determining thenotion of a stochastic discount factor orpricing kernel, and then uses thisconcept to price conventional and exoticderivatives. The third chapter applies thepricing concepts to the special case ofinterest rate markets, namely, bonds and

swaps, and discusses factor models andterm structure consistent models. Thefourth chapter deals with a variety ofmathematical topics that underliederivatives pricing and portfolioallocation decisions such as mean-reverting processes and jump processesand discusses related tools of stochasticcalculus such as Kolmogorov equations,martingales techniques, stochasticcontrol, and partial differentialequations.

• Succinct but complete overview offinancial derivatives, hot topic infinancial theory and practice

• Walks readers from the basic conceptsto their modeling and application,serving as a perfect manual forbeginners and professionals

• Authors well known both in US andEurope; treatment balances theoryand real analysis

Advance praise:‘Jamil Baz and Geroge Chacko havewritten an invaluable book thatcombines the technical and thepractical aspects of derivatives pricing,interest rate models, and pricingcomplex financial instruments in amanner that is accessible to thesophisticated and the lay reader. Theyhandle the material in a pedagogicalmanner which makes it appropriate forgraduate level finance courses andpractitioners. This book is a must readfor those looking to educatethemselves on these topics.’Franco Modigliani, Emeritus Professor at MITand Nobel Laureate in Economic Science

Contents: 1. Introduction; 2. Preliminarymathematics; 3. Principles of financialvaluation; 4. Interest rate models;5. Mathematics of asset pricing;6. Bibliography.

2004 228 x 152 mm 384pp67 line diagrams 8 tables0 521 81510 X Hardback £35.00Publication January 2004

NEW

The Cost of CapitalIntermediate TheorySeth ArmitageHeriot-Watt University, Edinburgh

A thorough exposition of the theoryrelating to the cost of capital, a coresubject in academic finance and ofgenuine practical importance; anyserious attempt to value a businessrequires an estimate of its cost ofcapital. This book seeks to explainmodels and arguments in a way whichdoes justice to the reasoning, whilstminimising the prior knowledge offinance and maths expected of thereader. It is intended primarily forstudents at advanced undergraduatelevel, MSc or MBA level.

Contents: Introduction; Part I. Expected Returnson Financial Assets: 2. Certainty and uncertainty:contingent states; 3. The capital asset pricingmodel and multifactor models; 4. Theconsumption-based model; 5. The equity riskpremium; Part II. A Project’s Cost of Capital:6. Project valuation; 7. Corporation tax, leverageand the weighted average cost of capital;8. Personal tax and the cost of equity; 9. Personaltax, leverage and multiple tax rates; 10. Inflation;11. The international dimension; Part III.Estimating the Cost of Equity: 12. Inference frompresent value; 13. Applying the CAPM;14. Regulated utilities.

2004 228 x 152 mm 300pp0 521 80195 8 Hardback c. £70.000 521 00044 0 Paperback c. £24.95Publication May 2004

NEW TEXTBOOK

An Introduction toFinancial OptionValuationMathematics, Stochastics andComputationDesmond HighamUniversity of Strathclyde

This is a lively textbook providing anintroduction to financial optionvaluation for undergraduates armedwith a knowledge of first year calculus.Written in a series of short chapters, itsself-contained treatment gives equalweight to applied mathematics,stochastics and computationalalgorithms. No background inprobability, statistics or numericalanalysis required.

The book includes many figures andexamples, as well as computationsbased on real stock market data andeach chapter comes with anaccompanying stand-alone MATLABcode to illustrate a key idea.

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 onhedging; 10. The Greeks; 11. More on theBlac-Scholes formulas; 12. Risk Neutrality;13. Solving a nonlinear equation;14. Implied voltility; 15. The Monte Carlomethod; 16. The binomial method;17. Cash-or-nothing options; 18. Americanoptions; 19. Exotic options; 20. Historicalvolatility; 21. Monte Carlo part II: variancereduction by antithetic variates; 22. MonteCarlo part III: variance reduction by controlvariates; 23. Finite difference methods;24. Finite difference methods for the Black-Scholes PDE.

2004 247 x 174 mm 276pp 120 exercises95 figures0 521 83884 3 Hardback c. £40.000 521 54757 1 Paperback c. £23.95Publication March 2004

Financial Economics

19


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

and Marc PottersCapital Fund Management

Risk control and derivative pricing aremajor concerns to financial institutions.Classical theories are based onassumptions leading to systematicunderestimation of risks. This booksummarises developments, some fromstatistical physics, taking into accountthe real behaviour of financial marketsfor asset allocation, derivative pricingand hedging, and risk control.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.



The Concepts andPractice ofMathematical FinanceMark JoshiRoyal Bank of Scotland

For those starting out as practitioners ofmathematical finance, this is an idealintroduction. It provides the reader witha clear understanding of the intuitionbehind derivatives pricing, how modelsare implemented, and how they areused and adapted in practice. There areplenty of worked examples andexercises, with answers, and manycomputer projects are supplied. Theauthor brings to this book a blend ofpractical experience and rigorousmathematical background, and provideshere the working knowledge needed to

become a good quantitative analyst.Contents: Preface; 1. Risk; 2. Pricingmethodologies and arbitrage; 3. Trees andoption pricing; 4. Practicalities; 5. The Itocalculus; 6. Risk neutrality and martingalemeasures; 7. The practical pricing of aEuropean option; 8. Continuous barrieroptions; 9. Multi-look exotic options;10. Static replication; 11. Multiple sourcesof risk; 12. Options with early exercisefeatures; 13. Interest rate derivatives;14. The pricing of exotic interest ratederivatives; 15. Incomplete markets andjump-diffusion processes; 16. Stochasticvolatility; 17. Variance gamma models;18. Smile dynamics and the pricing of exoticoptions; Appendix A. Financial andmathematical jargon; Appendix B. Computerprojects; Appendix C. Elements ofprobability theory; Appendix D. Hints andanswers to questions; Bibliography; Index.Mathematics, Finance and Risk, 1

2003 247 x 174 mm 496pp78 line diagrams 150 exercises0 521 82355 2 Hardback c. £35.00

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

Explains the financial appraisal ofcapital budgeting projects. Developsbasic concepts, principles andtechniques and applies them in complexreal-world situations such as forestry,property and international investments.All computations in the book areextensively supported by Excelworkbooks on the Web, each chaptercontains questions for teachers andstudents.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 figures0 521 81782 X Hardback £70.000 521 52098 3 Paperback £25.95

TEXTBOOK

A Course in FinancialCalculusAlison EtheridgeUniversity of Oxford

Inspired by Baxter and Rennie’sFinancial Calculus, this self-containedtext is designed for first courses on thesubject. Key concepts are introduced inthe discrete time framework. A valuablefeature is the large number of exercisesand examples.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 figures0 521 81385 9 Hardback £65.000 521 89077 2 Paperback £22.95

TEXTBOOK

IntroductoryEconometrics forFinanceChris Brooks University of Reading

An introductory econometricsbook for finance students. The approachadopted is data and problem driven,giving students the skills to estimateand interpret models, while having anintuitive grasp of the underlyingtheoretical concepts. The book assumesno prior knowledge of econometrics,and covers important modern topics.

Visit www.cambridge.org/resources/economicsContents: 1. Introduction; 2. Econometricpackages for modelling financial data; 3. Abrief overview of the classical linear regressionmodel; 4. Further issues with the classicallinear regression model; 5. Univariate timeseries modelling and forecasting;6. Multivariate modelling; 7. Modelling long-run relationships in finance; 8. Modellingvolatility and correlation; 9. Modelling regimeshifts; 10. Simulation methods; 11. Conductingempirical research in finance; 12. Conclusions:recent and future developments in themodelling of financial time series; References;Appendix. Review of matrix algebra, calculus,and probability theory; Statistical tables.

2002 247 x 174 mm 728pp 57 tables67 figures0 521 79018 2 Hardback £80.000 521 79367 X Paperback £29.95

Financial Economics


20

TEXTBOOK

Principles of FinancialEconomicsStephen F. LeRoyUniversity of California, Santa Barbara

and Jan WernerUniversity of Minnesota

This book introduces graduate studentsto the subfield of financial economics. Itstresses the link between financialeconomics and equilibrium theory,devoting less attention to purelyfinancial topics such as calculation ofderivatives. Emphasis is placed ondetailed study of two-date models.Contents: Part I. Equilibrium and Arbitrage;Part II. Valuation; Part III. Risk; Part IV.Optimal Portfolios; Part V. Equilibrium Pricesand Allocations; Part VI. Mean-VarianceModels; Part VII. Multidate Models.


FORTHCOMING

Rethinking PensionReformFranco Modiglianiand Arun MuralidharMcube Investment Technologies

This book is unique as it presents anacademic and a practical aspect onmanaging pension funds to clarify theglobal debate on social security. Theauthors establish the basic choices indesignating any system to help policymakers develop the system thatachieves their many objectives. Thesuccess of reforms depends on financialinnovation to mitigate key risks andsome innovations are discussed, whichalso demonstrates how pension reformchoices affect the achievement ofretirement objectives. Finally, theauthors examine some proposed hybridoptions to show how the beneficialfeatures of these hybrids can becaptured through good design in asingle fund.

2004 228 x 152 mm 300pp45 line diagrams 39 tables0 521 83411 2 Hardback c. £45.00Publication September 2004

NEW

Dynamics of MarketsEconophysics and FinanceJoseph McCauleyUniversity of Houston

Standard texts and research ineconomics and finance ignore theabsence of evidence from the analysisof real, unmassaged market data tosupport the notion of Adam Smith’sstabilizing Invisible Hand. In starkcontrast, this text introduces a newempirically-based model of financialmarket dynamics that explains volatility,prices options correctly and clarifies theinstability of financial markets. Theemphasis is on understanding how realmarkets behave, not how theyhypothetically ‘should’ behave. This textis written for physics graduate studentsand finance specialists.

2004 247 x 174 mm 216pp22 line diagrams 1 half-tone0 521 82447 8 Hardback c. £40.00Publication April 2004

Evolution andProcedures in CentralBankingEdited by David E. AltigFederal Reserve Bank of Cleveland

and Bruce D. SmithUniversity of Texas, Dallas

The articles in this volume arecollectively about shedding light oncentral banks as institutions: howmodern central banks have come to bewhat they are, what their objectivesought to be, how central banks oughtto behave, and what kinds of challengesthey might face.


AsymmetricInformation inFinancial MarketsIntroduction and ApplicationsRicardo BebczukUniversidad Nacional de La Plata, Argentina

Asymmetric information and itstheoretical and practical applicationnow forms part of the basic tool kit ofevery financial economist. AsymmetricInformation in Financial Markets aims toexplain this concept without jargon andby reducing mathematical complexity.This book is extremely accessible andfills an important gap in the market.

2003 247 x 174 mm 172pp8 line diagrams 17 tables 18 graphs0 521 79342 4 Hardback £47.500 521 79732 2 Paperback £17.95

An ElementaryIntroduction toMathematical FinanceOptions and other TopicsSecond editionSheldon M. RossUniversity of California, Berkeley

Contains a new chapter on optimisationmethods in finance, a new section onValue at Risk and Conditional Value atRisk; a new and simplified derivation ofthe Black-Scholes equation withderivations of the partial derivatives ofthe Black-Scholes option cost functionand of the computational Black-Scholesformula; three different models ofEuropean call options with dividends;and a new, easily implemented methodfor estimating the volatility parameter.

2003 228 x 152 mm 270pp19 line diagrams 9 tables 150 exercises0 521 81429 4 Hardback £27.95

The Changing Face ofCentral BankingEvolutionary Trends since WorldWar IIPierre L. SiklosWilfrid Laurier University, Ontario

This book explores the evolution ofcentral banks since World War II in 20industrial countries. The study considersthe mix of economic, political, andinstitutional forces that have affectedcentral bank behavior and itsrelationship with government.Studies in Macroeconomic History

2002 228 x 152 mm 368pp30 line diagrams 38 tables0 521 78025 X Hardback £50.00

Financial Economics

21

PublicEconomics andPoliticalEconomy

HIGHLIGHT

Investing in HumanCapitalA Capital Markets Approach toStudent FundingMiguel Palacios LlerasUniversity of Virginia

Foreword by Nicholas Barr

Most higher education finance literatureassumes that students cannot pledgetheir future earnings to finance theireducation in a free society. Investing inHuman Capital challenges thatassumption and explores human capitalcontracts as an alternative mechanismfor financing higher education. Investingin Human Capital tracks the roots of theidea behind human capital contracts,discusses the beneficial consequencesthey would have on students and onhigher education markets, and describeshow they can develop in light of theinnovations that have taken place infinancial markets during the lastdecades. The book also explores thechallenges – ethical and financial – thatsuch instruments face and offersimplementation alternatives that canbring about their existence in thecontext of a national higher educationfinancing program.

• Offers an innovative and highlyoriginal – some would saycontroversial – approach to theproblem of financing higher education

• Combines insights from finance andeducation economics

• Strong policy interest. Includesdescription of how to implementhigher education funding as agovernment initiative

Contents: Foreword by Nicholas Barr;Introduction; Part I. The Problem ofFinancing Education: 1. The value ofeducation; 2. Market failures in financing ofeducation; 3. The need for alternatives totraditional funding; Part II. Equity-likeInvestments to Finance Education: 4. Theevolution of human capital contracts;5. How human capital contracts work;6. The case for human capital contracts;7. Human capital options; Part III.Implementing Human Capital Contracts:8. Hurdles in the implementation of humancapital contracts; 9. Lessons from theimplementation of income-contingent loans;

10. Government driven implementation ofhuman capital contracts; 11. Conclusion;Appendixes A, B, C, D.

2004 228 x 152 mm 246pp22 line diagrams 24 tables0 521 82840 6 Hardback c. £30.00Publication January 2004

HIGHLIGHT

Building a DynamicEuropeThe Key Policy DebatesEdited by Jordi GualIESE Business School, Barcelona

This succinct book provides a broadpanorama of the key economic policychallenges facing the European Uniontoday. The enlargement of the EU andits lacklustre performance over the lastdecade in terms of employment andproductivity growth have promptedwide-ranging calls for economic reform,both at the EU level and within memberstates. This volume brings togetherseveral leading thinkers in the key areasof policy under discussion, ranging fromthe institutional design of the enlargedEU for efficient policy making, to theextent and nature of the integrationprocess in markets such as those ofenergy and financial services. It includesan analysis of the problems ofmacroeconomic policy co-ordination inthe EU and an analysis of the reforms inthe labour markets and welfare stateinstitutions. Timely and authoritative,this book is accessibly written and willappeal to a wide policy audience.“Shows how careful, thoughtfulanalysis can illuminate the politicalcontroversies which beset theEuropean Union. An important book forboth economists and policy makers.”John Kay

Contents: 1. The new governance ofEurope: parliamentary or presidential? G. Roland; 2. Improving the performance ofthe European social model A. Lindbeck; 3. Integrating and liberalizing the marketfor network services: gas and electricity D. M. Newbery; 4. Challenges formacroeconomic policy in EMU F. Giavazzi;5. The integration of EU banking markets J. Gual.


NEW TEXTBOOK

A Course in PublicEconomicsJohn LeachMcMaster University, Ontario

This textbook in public economicsexplores the government’s role in theeconomy. It is intended for third orfourth year undergraduate students andfirst year graduate students. The coretopics covered include markets,externalities, public goods, imperfectcompetition, asymmetric informationand efficiency, and asymmetricinformation and income redistribution. Aknowledge of intermediatemicroeconomics and basic calculus isassumed. Each chapter containsexercises at the end, whose solutionsare available to instructors.Contents: Part I. Markets; Part II.Externalities; Part III. Public Goods; Part IV.Imperfect Competition; Part V. Taxation andEfficiency; Part VI. Asymmetric Informationand Efficiency; Part VII. AsymmetricInformation and Income Redistribution.

2004 228 x 152 mm 432pp59 line diagrams 3 tables0 521 82877 5 Hardback £80.000 521 53567 0 Paperback £29.95Publication January 2004

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. The tenspecific areas covered are markets andproperty, collective benefits, voting onpublic speaking, market corrections,social justice, political processes andredistribution, taxation, user pricing,public policy for welfare issues, and thequestion of how much government isneeded in the modern state.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?


Public Economics and Political Economy


22

TEXTBOOK

Public Choice IIIThird editionDennis C. MuellerUniversität Wien, Austria

This book represents a revision andexpansion of Public Choice II (1989). Sixnew chapters have been added, andseveral chapters from the previousedition have been revised. Thediscussion of empirical work in publicchoice has been greatly expanded. All ofthe major topics of public choice arecovered.Contents: Part I. Origins of the State; PartII. Public Choice in a Direct Democracy; PartIII. Public Choice in a RepresentativeDemocracy; Part IV. Applications andTesting; Part V. Normative public choice;Part VI. What Have We Learned?.

‘Like all the others, this volume willbecome the first point of reference –the ‘bible’ – for all scholars in the field,both the experts and the more casualsamplers. It represents an amazingeffort, even more extraordinary thanthe earlier versions. The profession isdeeply in Mueller’s debt.’Geoffrey Brennan, Australian National University


TEXTBOOK

The Dynamics ofCoercionAmerican Foreign Policy and theLimits of Military MightDaniel L. Bymanand Matthew C. Waxman

It examines how the United States does,and should, use limited military forceand other means of influencingadversaries. It reviews when limitedforce can, and cannot, work. Itexamines a range of current challenges,including those of guerrilla groups,minor powers armed with nuclear,chemical or biological weapons.Contents: 1. Introduction; Part I. CoerciveStrategy Making: 2. The theory of coercion;3. Coercive Mechanisms; 4. Coerciveinstruments; Part II. The Context of CoercionToday: 5. Domestic politics and coercion;6. Coercion and coalitions; 7. Humanitariancoercion and non-state actors; 8. Weaponsof mass destruction and US coercion; PartIII. The Future of US Coercion.RAND Studies in Policy Analysis


FORTHCOMING

Social Choice and theMathematics ofManipulationAlan D. TaylorUnion College, New York

Honesty in voting, it turns out, is notalways the best policy. This is a book formathematicians, political scientists,economists and philosophers who wantto understand the sense in which it isimpossible to devise a reasonablevoting system in which voters can nevergain by submitting a disingenuousballot. With the exception of the lastchapter, the book is completely self-contained, and requires no prerequisitesexcept a willingness to follow rigorousmathematical arguments.Outlooks

2005 228 x 152 mm 200pp3 line diagrams 80 exercises0 521 81052 3 Hardback c. £47.500 521 00883 2 Paperback c. £17.95Publication April 2005

FORTHCOMING

Generational IncomeMobility in NorthAmerica and EuropeEdited by Miles Corak

This study analyses and contrasts thepotential and experience of economicmobility in the more free market NorthAmerican and British economies with themore corporate state models ofcontinental Europe. Written by leadingeconomists from North America andEurope it combines innovativemethodology with surprising conclusions.

2004 228 x 152 mm 256pp0 521 82760 4 Hardback c. £45.00Publication September 2004

FORTHCOMING

The Search forAmerican PoliticalDevelopmentKaren OrrenUniversity of California, Los Angeles

and Stephen SkowronekYale University, Connecticut

In recent years, American politicaldevelopment has claimed the attentionof a growing band of political scientists,and scholars have begun to speak of‘APD’ as a subfield within the discipline.This book provides a justification forstudying politics historically, not only forwhat it reveals about the roots ofpolitical affairs at the present time butwhat it teaches about politics as anongoing activity in time, anytime.Placing the character of political

institutions at the center of analysis,Orren and Skowronek survey past andcurrent scholarship and attempt tooutline a course of study for the future.

2004 228 x 152 mm 230pp0 521 83894 0 Hardback c. £45.000 521 54764 4 Paperback c. £35.00Publication June 2004

NEW

Holding ChinaTogetherDiversity and NationalIntegration in the Post-Deng EraEdited by Barry NaughtonUniversity of California, San Diego

and Dali YangUniversity of Chicago

Despite repeated predictions of collapseand disintegration, China has managedto sustain national unity and gaininternational stature since the Tiananmencrisis of 1989. This volume examines thesources and dynamics of China’sresilience. The volume’s authors look athow China’s leaders have adapted andreinforced key institutions for politicalintegration and economic governance.They also find that implementation ofdifficult and complex policies to regulateeconomic and social life – employmentand migration, population planning,industrial adjustment, and regionaldisparities – has become more effectiveover time within a context of growingsocial and economic diversity.

2004 228 x 152 mm 275pp10 line diagrams 35 tables 1 map0 521 83730 8 Hardback c. £55.00Publication June 2004

NEW

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

The main features of the just societypresent a remarkable and simplemeaningful structure. In this society,individuals’ freedom is fully respected,and redistribution amounts to an equalsharing of individuals’ different earningsobtained by the same limited‘equalization labour’. The concept ofequalization labour is a measure of thedegree of community, solidarity,reciprocity, redistribution, andequalization of the societies underconsideration. It is determined by anumber of methods presented in thisvolume. The analytic presentation of thesocial ethics of economics is particularlyenlightening.

2004 228 x 152 mm 425pp5 line diagrams0 521 83503 8 Hardback c. £65.00Publication May 2004


23

NEW

CorporateEnvironmentalism andPublic PolicyThomas P. LyonIndiana University

and John W. MaxwellIndiana University

Drawing on their prior work oncorporate environmentalism, Lyon andMaxwell argue that corporateenvironmentalism is the result of firmsattempting to anticipate public policychanges and influence the legislativeprocess in their best interests.Presenting a general framework thatilluminates the links between corporateenvironmentalism and pubic policy, theyuse analytical tools of positive politicaleconomy and game theory to provideinsights into both corporate strategyand the effects of corporate andgovernment polices on overall socialwelfare. This integrated andcomprehensive book will have wideappeal.

2004 228 x 152 mm 275pp 6 tables17 figures0 521 81947 4 Hardback c. £35.00Publication July 2004

NEW

Ecological InferenceNew Methodological StrategiesEdited by Gary KingHarvard University, Massachusetts

and Ori RosenUniversity of Pittsburgh

Martin TannerNorthwestern University, Illinois

A diverse group of scholars surveys thelatest strategies for solving ecologicalinference problems, drawing upon therecent explosion of research in the field.The uncertainties and information lost inaggregation make ecological inferenceone of the most difficult areas ofstatistical inference, but these inferencesare required in many academic fields, aswell as by legislatures and the Courts inredistricting, marketing research bybusiness, and policy analysis bygovernments. This wide-rangingcollection of essays offers many freshand important contributions to thestudy of ecological inference.

2004 253 x 177 mm 392pp451 line diagrams 54 tables0 521 83513 5 Hardback c. £65.000 521 54280 4 Paperback c. £24.95Publication May 2004

NEW

Free MarketDemocracy and theChilean and MexicanCountrysideMarcus J. KurtzOhio State University

Democracy’s stability may hinge asmuch or more critically on thetransformation of social structure andsocial life that was induced by theimposition of free market policies in the1970s and 1980s in Chile and Mexico.This book turns the traditional top-down explanations on their head,showing how atomizing rural societaltransformations induced by free marketsundergird national democraticconsolidation. Existing research hasavoided this deeper question of howfree market reforms are connected tothe process of democratic consolidation.

2004 228 x 152 mm 225pp 22 tables0 521 82737 X Hardback c. £40.00Publication May 2004

NEW

The Politics of HighTech GrowthDevelopmental Network Statesin the Global EconomySean O’RiainUniversity of California, Davis

This book argues that the state played acentral role in developing the CelticTiger economy, and particularly theincreasingly important Irish high techindustry. Typically seen as an example ofsuccessful market-led globalization, hightech growth in Ireland has beenpromoted by a new form of stateintervention in the economy – fosteringlocal networks of learning andinnovation through decentralized stateinstitutions which draw on local,national and global resources andrelationships.Structural Analysis in the Social Sciences

2004 228 x 152 mm 288pp7 line diagrams 27 tables0 521 83073 7 Hardback c. £47.50Publication April 2004

NEW

The Rational Design ofInternationalInstitutionsBarbara KoremenosUniversity of California, Los Angeles

Charles LipsonUniversity of Chicago

and Duncan J. SnidalUniversity of Chicago

International institutions vary widely interms of key institutional features suchas membership, scope, and flexibility.This book argues that this is so becauseinternational actors are goal-seekingagents who make specific institutionaldesign choices to solve the particularcooperation problems they face indifferent issue-areas. Using a RationalDesign approach, it explores fivefeatures of institutions: membership,scope, centralization, control, andflexibility. The contributors to the volumethen evaluate a set of conjectures inspecific issue areas.International Organization

2004 228 x 152 mm 342pp0 521 53358 9 Paperback £21.95Publication January 2004

NEW

Rational Foundationsof Democratic PoliticsEdited by Albert BretonUniversity of Toronto

Gianluigi GaleottiUniversità degli Studi di Roma ‘La Sapienza’

Pierre SalmonUniversité de Bourgogne, France

and Ronald WintrobeUniversity of Western Ontario

Democracy is widely accepted today asthe most suitable form of government.But does democracy always producegood government? Democracy is oftenassociated with the existence ofcompetitive elections. But theory andexperience suggest that this is notenough. This book uses the moderntheory of rational choice to explore the‘foundations’ of democracy. The authorsconsider diverse problems of moderndemocratic politics such as theimportance of civic virtue, negativeadvertising, the interaction ofdemocracy and markets, and the role ofconstitutions and of civil society insustaining democracy.




24

States and MarketsA Primer in Political EconomyAdam PrzeworskiNew York University

This book introduces the reader to theconcepts and tools for studying relationsbetween states and markets. The focusis methodological. Both the economyand the state are analyzed as networksof relations between principals andagents, occupying particular places inthe institutional structure.

2003 228 x 152 mm 240pp22 line diagrams0 521 82804 X Hardback £45.000 521 53524 7 Paperback £15.95

Race and Regionalismin the Politics ofTaxation in Brazil andSouth AfricaEvan S. LiebermanPrinceton University, New Jersey

Nationally-specific definitions ofcitizenship proved decisive for thedevelopment of the Tax State in Braziland South Africa in the twentiethcentury. Although both countries hadbeen divided along racial and regionallines in the late nineteenth century,watershed constitutions addressed thesepolitical problems in very different ways.Cambridge Studies in Comparative Politics


Regressive Taxationand the Welfare StatePath Dependence and PolicyDiffusionJunko KatoUniversity of Tokyo

Government size has become the mostimportant policy difference between theleft and right in postwar politics but theformation of the government’s fundingbase has not been explored. Junko Katofinds that the differentiation of taxrevenue structure is path dependentupon the shift to regressive taxation.Cambridge Studies in Comparative Politics


Appointing CentralBankersThe Politics of Monetary Policyin the United States and theEuropean Monetary UnionKelly H. ChangUBS AG, Zurich

This book attempts to answer threequestions. Do politicians influencemonetary policy via Fed appointments?Who influences the process – thePresident alone or both the Presidentand the Senate? What explains thestructure of the Fed appointmentprocess?Political Economy of Institutions andDecisions


Democracy andRedistributionCarles BoixUniversity of Chicago

Boix offers a complete theory of politicaltransitions. He discusses why democracyemerged in classical Athens, the earlytriumph of democracy in bothnineteenth-century agrarian Norway,Switzerland and northeastern America,and the failure in countries with apowerful landowning class.Cambridge Studies in Comparative Politics


DemocraticDistributive JusticeRoss ZuckerLander College, New York

By exploring the integral relationshipbetween democracy and economicjustice, Democratic Distributive Justiceseeks to explain how democraticcountries with market systems shoulddeal with the problem of high levels ofincome-inequality. The book provides aninterdisciplinary approach to dealingwith this issue that combines political,economic, and legal theory.

2003 228 x 152 mm 346pp 6 tables0 521 53355 4 Paperback £18.95

The Politics ofQuasi-GovernmentHybrid Organizations and theDynamics of BureaucraticControlJonathan G. S. KoppellYale University, Connecticut

Promising increased efficiency andsuperior service, the quasi-governmenthas grown as governmental functionshave been delegated to new entitiesthat combine characteristics of public-and private-sector organizations. In thisbook, Koppell argues that control ofpublic policy is sacrificed when policy iscarried out by such hybrid organizations.Theories of Institutional Design

2003 228 x 152 mm 254pp4 line diagrams 14 tables 8 graphs0 521 81956 3 Hardback £45.00

The Politics of SocialRiskBusiness and Welfare StateDevelopmentIsabela MaresStanford University, California

The book provides a systematicevaluation of the role played bybusiness in the development of themodern welfare state. This book studiesthe critical questions and its analysisdemonstrates that major social policieswere adopted by cross-class alliancescomprising labor-based organizationsand key sectors of the businesscommunity.Cambridge Studies in Comparative Politics


The Politics ofProperty RightsPolitical Instability, CredibleCommitments, and EconomicGrowth in Mexico, 1876–1929Stephen H. HaberStanford University, California

Armando RazoStanford University, California

and Noel MaurerInstituto Technologico Autonomo de Mexico

This book is intended for historians ofLatin America and scholars interested ineconomic development. It offers adetailed economic history of Mexico anda theory about how rent seekingpermits economic growth.Political Economy of Institutions andDecisions

2003 228 x 152 mm 406pp5 line diagrams 64 tables 1 map0 521 82067 7 Hardback £55.00


25

Alternatives forWelfare PolicyCoping with Internationalisationand Demographic ChangeEdited by Torben M. AndersenAarhus Universitet, Denmark

and Per MolanderStudieförbundet Näringsliv och Samhälle

An authoritative and comprehensivesurvey of key issues for welfare policy inan age of globalisation and ageingpopulations. Drawing on comparativeOECD data and Scandinavian casestudies, the authors analyse challengesto the traditional public sector welfarestate and explore principal policyoptions open to governments inadvanced economies.

2003 228 x 152 mm 396pp 64 tables46 graphs 7 figures0 521 81406 5 Hardback £45.00

Private Power andGlobal AuthorityTransnational Merchant Law inthe Global Political EconomyA. Claire CutlerUniversity of Victoria, British Columbia

Claire Cutler offers a critical analysis ofthe role that international economic lawplays in the creation and maintenanceof global power relations. By examiningthe evolution of merchant law sheargues that private interests havegoverned global economic relationsthrough a little understood evolvinglegal order.Cambridge Studies in InternationalRelations, 90

2003 228 x 152 mm 326pp0 521 82660 8 Hardback £47.500 521 53397 X Paperback £17.95

The Experience ofMiddle AustraliaThe Dark Side of EconomicReformMichael PuseyUniversity of New South Wales, Sydney

Assisted by Shaun WilsonNick Turnbulland Toby Fattore

Examines middle Australia and how it iscoping with the changes of economicreform. Meticulously researched, itmounts a moral and intellectualcounter-argument to the regime ofeconomic reform. A sequel to the best-selling Economic Rationalism inCanberra, Michael Pusey’s new bookwill be equally controversial.

2003 228 x 152 262pp 20 line diagrams0 521 65121 2 Hardback £45.000 521 65844 6 Paperback £16.95

Public Debt and theBirth of theDemocratic StateFrance and Great Britain1688–1789David StasavageLondon School of Economics and PoliticalScience

This book develops new theory about thelink between debt and democracy andapplies it to a classic historical comparison:Great Britain in the eighteenth centurywhich had strong representativeinstitutions and sound public finance vs.ancient regime France, which had neither.Political Economy of Institutions andDecisions


Global Civil Society?John KeaneUniversity of Westminster

Amid fears of terrorism, rising tides ofxenophobia, and loose talk of ‘anti-globalisation’, John Keane mounts adefence of global civil society, stressingthe need for new democratic ways ofliving. Keane’s provocative reflectionsdraw upon a variety of scholarly sourcesto breathe new life into contemporarypolitical thinking.Contemporary Political Theory

2003 228 x 152 mm 234pp2 line diagrams0 521 81543 6 Hardback £40.000 521 89462 X Paperback £14.95

Globalization and thePoorJay R. MandleColgate University, New York

This book presents a new viewpoint oneconomic globalization. The authorargues that opponents fail to see thatbroadly-based benefits for the poor arelatent in the process. Defenders haveinsufficiently acknowledged thatglobalization creates innocent victimswho should be the object ofameliorative policies.

2003 228 x 152 mm 168pp 14 tables0 521 81504 5 Hardback £32.500 521 89352 6 Paperback £12.95

Moving MoneyBanking and Finance in theIndustrialized WorldDaniel VerdierEuropean University Institute, Florence

Daniel Verdier’s book is an analysis ofhow politics influences financial systems.He shows that differing national politicalinstitutions have led to differentregulatory policies and thus different

financial structures. This book will be ofinterest to students and scholars offinancial politics and political economy.


Eastern EuropeanCapitalism in theMakingElena A. IankovaCornell University, New York

Using an institutionalist approach, thisbook inquires into the interaction ofdomestic and international effects inshaping the relationship betweengovernments, labor and businessorganizations in central and easternEurope, as a defining characteristic ofthe emerging new capitalist order.

2002 228 x 152 mm 238pp 3 tables0 521 81314 X Hardback £37.50

JOURNAL

Journal of PensionEconomics and FinanceEditors:Steven HabermanCass Business School,City University

Moshe MilevskyYork University

J. Michael OrszagWatson Wyatt

and J. R. BrownUniversity of Illinois at Urbana-Champaign

The Journal of Pension Economics andFinance (JPEF) is a new journal focusingon the economics and finance ofpensions and retirement income. Theageing population, together with theshrinking workforce, heralds a growingpensions crisis, which has become a keypublic policy issue in developed countriesand elsewhere. JPEF provides a forum forinternational debate in this area. Thejournal is associated with theInternational Network of PensionRegulators and Supervisors, a newnetwork administered by the OECDwhich has member organizations in over60 countries. JPEF publishes originalresearch papers, covering a variety oftopics, including pension fundmanagement, the regulation of pensions,and pensions and labour markets.Subscriptions

Volume 3 in 2004: March, July and NovemberInstitutions print and electronic: £89/$134Institutions electronic only: £80/$120Institutions print only: £82/$123Individuals print only: £26/$38American Economic Association, AmericanHistorical Association, American PoliticalScience Association: £20/$30Print ISSN 1474-7472Electronic ISSN 1475-3022



26

JOURNAL

Journal of PublicPolicyEditor: Richard RoseUniversity of Strathclyde

Journal of Public Policypublishes research that applies socialscientific theories and concepts tosignificant problems around the world.The concerns of public policy arepolitical, economic and social, andarticles deal with broad questions ofrelevance to social scientists and policy-makers in America, Eastern and WesternEurope, Japan and other advancedindustrial nations. Articles that cutacross disciplines, such as studies innational and international politicaleconomy; critical analyses of ideascurrently in vogue among academics orpractitioners of public policy; andreviews of books about public policy areincluded.Subscriptions

Volume 24 in 2004: May, August andDecemberInstitutions print and electronic: £116/$188Institutions electronic only: £101/$163Institutions print only: £103/$166Individuals print only: £39/$63American Political Science Association,American Historical Association: £29/$47Print ISSN 0143-814XElectronic ISSN 1469-7815

Law andEconomics


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

Examines the way in which people, associal beings, experience theintersection of law, markets, and culture.Through case examples, illustrative factpatterns, and problems based onhypothetical situations Robin PaulMalloy demonstrates the implicationsand the ambiguities of law in a marketsociety.‘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 250pp0 521 81624 6 Hardback c. £45.000 521 01655 X Paperback c. £15.95Publication February 2004

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 430pp14 line diagrams0 521 79031 X Hardback £60.000 521 79378 5 Paperback £21.95

GRADUATE TEXTBOOK

Corporate InsolvencyLawPerspectives and PrinciplesVanessa FinchLondon School of Economics and PoliticalScience

This interdisciplinary examination ofcorporate insolvency law assesses recentreforms and anticipates new legislation.Finch poses two critical questions: first,are current laws and proceduresefficient, expert, accountable and fair?;second, are fundamentally differentconceptions of insolvency law necessaryto enable it to serve both corporate andbroader social ends?

Contents: Part I. Agendas andObjectives; Part II. The Context ofCorporate Insolvency Law; Part III. TheQuest for Turnaround; Part IV. Gatheringand Distributing the Assets; Part V. TheImpact of Corporate Insolvency; .

2002 228 x 152 mm 656pp0 521 62256 5 Hardback £95.00

Public Economics and Political Economy/Law and Economics

27

NEW

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

The book presents a survey of the lawrelating to secured transactions in allmember states of the EU. Following theCommon Core Approach the nationalreports are centered around 15hypotheticals dealing with the mostimportant issues of secured transactionslaw such as the creation of securityrights in different business situations,the relationship between debtor andsecured creditor, the nature of thecreditor’s rights and their enforcementas against third parties. Each case isfollowed by a comparative summary. Ageneral report evaluates the possibilitiesof European harmonisation.Cambridge Studies in International andComparative Law, 33

2004 228 x 152 mm c.700pp0 521 83967 X Hardback c. £80.00Publication June 2004

NEW

The Impact ofInternational Law onInternationalCooperation Theoretical Perspectives Edited by Eyal BenvenistiTel-Aviv University

and Moshe HirschHebrew University of Jerusalem

The disciplines of international law andinternational relations are closely inter-linked. International law grows out ofthe international society: it reflects theparticular characters of this society, andit also affects the relationships amongthe actors in this system. This book aimsat advancing our understanding of theinfluences of international norms andinternational institutions oninternational cooperation. Contributorscast new light on the factors thatenhance or impede cooperation amongstates. The insights gained suggest waysfor enhancing states’ incentives tocooperate through the design of normsand institutions.

2004 228 x 152 mm 300pp 6 figures0 521 83554 2 Hardback c. £55.00Publication June 2004

NEW

Social Citizenship andWorkfare in the UnitedStates and WesternEuropeThe Paradox of InclusionJoel F. HandlerUniversity of California, Los Angeles

This book compares workfare policies inthe United States and Western Europethat are aimed at the ‘workless’population. The Europeans maintainthat workfare is the best method ofbringing the socially excluded back intomainstream society. Although there aredifferences in terms of ideology andpractice, Joel F. Handler argues thatthere are also significant similarities,especially field-level practices that serveto exclude the most vulnerable. Theauthor examines strategies for reformand concludes with an argument for abasic income guarantee.Cambridge Studies in Law and Society

2004 228 x 152 mm 320pp0 521 83370 1 Hardback c. £65.000 521 54153 0 Paperback c. £21.95Publication February 2004

International Lawfrom BelowDevelopment, Social Movementsand Third World ResistanceBalakrishnan RajagopalMassachusetts Institute of Technology

This first-ever analysis of internationallaw using social movement theoryprovides a fundamental critique ofmodern international law. Rajagopalsuggests that with transnational/localsocial movement action becomingincreasingly central – witnessed inSeattle in 1999 – a new law-basedglobal order must take the resistance ofsocial movements more seriously.


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

and Thilo MarauhnJustus-Liebig-Universität Giessen, Germany

International financial relations areincreasingly important for both globaland national economies. These relationsare at present primarily goverened bymarket forces with little internationalregulatory interference. Collaborators

consider this absence of regulation. Ofinterest to scholars and practitionersinvolved with comparative public law,constitutional economics and financialregulation.

2003 228 x 152 mm 288pp0 521 83144 X Hardback c. £45.00

The Legal Regime ofForeign PrivateInvestment in Sudanand Saudi ArabiaSecond editionFath El Rahman Abdalla El SheikhKuwait Investment Authority

This revised edition considers twodeveloping countries with similar socio-ethnic backgrounds in the context ofinternational and Islamic law. Topicsinclude incentives and facilities,investment treaties, investmentinsurance programmes, and remediesfor aggrieved investors. Of interest tolegal academics and business and legalprofessionals involved with investmentin developing countries.

2003 228 x 152 mm 600pp0 521 81772 2 Hardback £95.00

Pure Economic Loss inEuropeEdited by Mauro BussaniUniversità degli Studi di Trieste

and Vernon Calentine PalmerTulane University, Louisiana

How far can tort liability expandwithout imposing excessive burdensupon individual activity? Thiscomprehensive study of pure economicloss in Europe uses a fact-basedcomparative method and in-depthresearch into the laws of thirteenEuropean countries. Includes a historicaland analytical introduction to economicloss. This is the third published volumeof the results of the Trento project.Cambridge Studies in International andComparative Law, 28

2003 228 x 152 mm 638pp0 521 82464 8 Hardback £75.00

Private Power, PublicLawThe Globalization of IntellectualProperty RightsSusan K. SellGeorge Washington University, Washington DC

Susan K. Sell’s book argues thatlobbying by powerful multinationalcorporations has moulded internationallaw on intellectual property rights inorder to protect their markets. It is afascinating study of the influence of

Law and Economics


28

private interests in governmentdecision-making, and in the shaping ofthe global economy.Cambridge Studies in InternationalRelations, 88


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.


IndustrialOrganizationand LabourEconomics

TEXTBOOK

The Economics ofNetwork IndustriesOz ShyUniversity of Haifa, Israel

This book introduces upper-levelundergraduates, graduate students, andresearchers to the latest developmentsin network economics. The bookconveys the essential features of howstrategic interactions between firms areaffected by network activity, as well ascovering social interaction and itsinfluence on consumers’ choices ofproducts and services.Contents: 1. Introduction; 2. The hardwareindustry; 3. The software industry;4. Technology, advance, and standardization;5. Telecommunication; 6. Broadcasting;7. Markets for information; 8. Banks andmoney; 9. The airline industry: socialinteraction; 10. Other networks; Appendices:A. Normal-form games; B. Extensive-formgames; C. Undercut-proof equilibria.


FORTHCOMING

Employment Policyand the Regulation ofPart-time Work in theEuropean Union A Comparative Analysis Edited by Silvana SciarraEuropean University Institute, Florence

Paul DaviesLondon School of Economics and PoliticalScience

and Mark FreedlandUniversity of Oxford

2004 0 521 84002 3 Hardback c. £55.00Publication June 2004

NEW

The Economics ofOvertime WorkingRobert A. HartUniversity of Stirling

Numerous individuals throughoutinternational labour markets work hoursin excess of their standard contractualhours. Professor Hart presents the firstcomprehensive economic evaluation ofthis phenomenon, examiningtheoretical, empirical and policy aspectsof overtime hours and pay. In acomparative assessment of laboursupply, labour demand andcompensating differential models ofovertime behaviour he utilises detailedinternational evidence drawn from theUnited States, Western Europe andJapan. Displaying analytical rigour andempirical expertise, Professor Hart’swork extends far beyond mere summaryof existing research to enliven andinform this debate.

2004 228 x 152 mm 300pp0 521 80142 7 Hardback c. £50.000 521 80528 7 Paperback c. £21.95Publication June 2004

NEW

Sectoral Systems ofInnovationConcepts, Issues and Analyses ofSix Major Sectors in EuropeEdited by Franco MalerbaUniversità Commerciale Luigi Bocconi, Milan

This volume provides a novel way ofexamining innovation in sectors byproposing the framework of the‘sectoral systems of innovation’. Withcontributions from nineteen experts intheir fields, it analyses the innovationprocess, the factors affecting innovation,the changing boundaries andtransformation of sectors, and thedeterminants of the internationalperformance of firms and countries indifferent sectors. In addition to the

general framework, it examinesinnovation in six major sectors inEurope including pharmaceuticals andbiotechnology, telecommunicationsequipment and services, chemicals,software, machine tools and services.

2004 228 x 152 mm 536pp 28 tables7 graphs 3 figures0 521 83321 3 Hardback c. £50.00Publication April 2004

NEW

The Economics ofSelf-Employment andEntrepreneurshipSimon C. ParkerUniversity of Durham

As self-employment andentrepreneurship become increasinglyimportant in our modern economies,Simon C. Parker provides a timely andcomprehensive overview of the field.Here he brings together the large anddisparate literature on these subjectsand provides an up-to-date overview ofnew research findings. Key issuesaddressed include raising finance; jobcreation by the self-employed; growthand exit behaviour of new ventures; andthe role of government policy inpromoting self-employment andentrepreneurship. This book will serve asan essential reference guide toresearchers, students and teachers ofentrepreneurship.

2004 228 x 152 mm 324pp 8 tables6 graphs0 521 82813 9 Hardback c. £45.00Publication January 2004

NEW

Technology, Televisionand CompetitionJeffrey A. HartIndiana University

In the late 1980s and 1990s, theadvanced industrial countries consideredreplacing the existing analog televisioninfrastructure with new digital one.Jeffrey Hart’s book shows hownationalism and regionalism combinedwith conflicting ideas over technologyto produce three different andincompatible DTV standards in the theUS, Japan and Europe, an outcomewhich has led to missed opportunities indeveloping the new technologies. Hart’sbook contributes to our understandingof relations between business andgovernment, and of competitionbetween the world’s great economicpowers.

2004 228 x 152 mm 246pp0 521 82624 1 Hardback c. £40.00Publication January 2004

Law and Economics/Industrial Organization and Labour Economics

29

Designing InclusionTools to Raise Low-end Pay andEmployment in PrivateEnterpriseEdited by Edmund S. PhelpsColumbia University, New York

When too little a reward is paid forlow-wage work and as a result too littleoccurs, what is the most effectivesolution? Some of the world’s leadingeconomists look at the theory andevidence underpinning alternativeapproaches to the persistent problem oflow wages and underemployment inwestern economies.


Innovation andKnowledge Creation inan Open EconomyCanadian Industry andInternational ImplicationsJohn R. BaldwinStatistics Canada

and Petr HanelUniversité de Sherbrooke, Canada

The book is about innovation and itexamines the whole process, fromsources of innovative ideas andtechnologies, the role of R&D activity,the use of patent protection and othergovernment policies, to the effect ofinnovation on employment and variousperformance indicators such asprofitability and export performance.


The InternetRevolutionA Global PerspectiveEdited by Emanuele GiovannettiUniversity of Cambridge

Mitsuhiro KagamiChiba University, Japan

and Masatsugu TsujiUniversity of Osaka, Japan

Information technology has become aconstant presence in contemporary life,infiltrating community, business andstate affairs. This book discusses thecurrent uses and problems of IT in bothdeveloping and advanced countries,focussing on the ways in which ITchanges society (the so-called Internetrevolution).Department of Applied EconomicsOccasional Papers, 66


Governing the FirmWorkers’ Control in Theory andPracticeGregory K. DowSimon Fraser University, British Columbia

Economists have had little success inexplaining the rarity of worker-controlled firms. This book provides casestudies of such firms and surveys theavailable evidence on their design andbehavior. It outlines a policy proposal toencourage employee buyouts ofconventional firms.

2003 228 x 152 mm 342pp1 line diagram 6 tables0 521 81853 2 Hardback £47.500 521 52221 8 Paperback £17.95

Regulation and EntryintoTelecommunicationsMarketsPaul de Bijl Ministry of Finance, The Hague

and Martin PeitzDeutsche Forschungsgemeinschaft

This book examines competition andregulation in the liberalizedtelecommunications markets. Theauthors analyse a broad range ofmarket constellations, in particular thehot topic of access price regulation inasymmetric markets, and derive fromthis various policy recommendations. Itis a valuable resource for academics,regulators and telecommunicationsprofessionals.

Visit http://uk.cambridge.org/resources‘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 288pp1 line diagram 48 tables 35 graphs0 521 80837 5 Hardback £50.00

Managementand Marketing

HIGHLIGHT

The INSEAD-WhartonAlliance on GlobalizingEdited by Hubert GatignonINSEAD, Fontainebleau, France

and John KimberlyWharton School, University of Pennsylvania

The phenomenon of globalizationsparks dynamic debates in theinternational community, shapingmanagerial agendas across the world.Business enterprises face pressingquestions about how to respond to thechallenges of globalizing businessenterprises. There is a real need toenhance profits and generate returns forinvestors by entering global markets,competing against international rivals,and finding opportunities in thedynamic context of a world incontinuous transformation, whileachieving these goals in anenvironmentally and socially responsibleway. Extraordinary opportunities existfor those who can effectively answerthe need to globalize – and yet it is acomplex and risky enterprise. Renownedexperts from the INSEAD-WhartonAlliance have now combined to make atimely and relevant intervention in thedebates about globalization. Non-partisan and comprehensive, the bookexamines the forces that drive thephenomenon and the consequences ofincreasing globalization – drawing outcrucial implications for managers, policymakers and non-governmentalorganizations.

• First time that world-class expertsfrom the renowned INSEAD-WhartonAlliance combine on this importantcontemporary subject

• Controversial, central topic formanagers as well as businessprofessors and graduate students

• Covers the key debates overglobalization in key managementfields and also offers practical angleof what globalizing means forbusiness in practice

Contents: Part I. Leading the globalorganization: 1. Introduction: Forces ofglobalization and management responsesHubert Gatignon and John Kimberly; 2. The changing international corporategovernance landscape Mauro F. Guillén andMary O’Sullivan; 3. Corporate governanceand leadership in a globalizing equitymarket Michael Useem; 4. Leadership in aglobal organization: a cross-cultural

Industrial Organization and Labour Economics /Management and Marketing


30

perspective Mansour Javidan, Guenter Stahland Robert J. House; 5. The globalization ofbusiness education Arnoud De Meyer,Patrick Harker and Gabriel Hawawini. PartII. Global market participation:6. Globalization through acquisitions andpartnerships: an evolutionary perspectiveHarbir Singh and Maurizio Zollo;7. Developing new products and servicesfor the global market Reinhard Angelmar;8. Managing brands in global marketsGeorge S. Day and David J. Reibstein; 9 Global marketing of new products HubertGatignon and Christophe Van den Bulte;10. Global equity capital markets foremerging growth firms: patterns, drivers,and implications for the globalizingentrepreneur Raphael Amit and ChristophZott. Part III. Managing risk and uncertainty:11. Cross-border valuation: theinternational cost of equity capital GordonBodnar, Bernard Dumas and RichardMarston; 12. Managing risk in globalsupply chains Paul R. Kleindorfer and LukVan Wassenhove; 13. Globalrecombination: cross-border technology andinnovation management Philip Andersonand Lori Rosenkopf; 14. From corporatesocial responsibility to global citizenshipEric W. Orts; 15 Colliding forces: domesticpolitics and the global economy Ethan B. Kapstein and Stephen J. Kobrin;16. Global implications of information andtelecommunication technologies (ICT)Arnoud De Meyer; Part IV. Conclusions:17. Globalization and its many faces: thecase of the health sector Lawton R. Burns,Thomas D’Aunno and John R. Kimberly;18. The continuing process of globalizingJohn Kimberly and Hubert Gatignon.

2004 228 x 152 mm 400pp0 521 83571 2 Hardback c. £25.00Publication June 2004

TEXTBOOK

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

Performance and Rewards Managementcritically examines contemporary theoryand practice in these central fields ofhuman resource management (HRM),providing a comprehensive overview ofthe key concepts and topics. The bookencourages students to form a criticalunderstanding of the debates it raisesby providing an overview of thealternatives.Contents: Part I. Conceptual Foundations;Part II. Performance Management Methodsand Processes; Part III. Building Base Pay;Part IV. Rewarding Performance; Part V.Integration and Evaluation.

2003 250 x 176 mm 320pp0 521 82046 4 Hardback c. £30.00

GRADUATE TEXTBOOK

Strategy andOrganizationRealizing Strategic ManagementLoizos HeracleousNational University of Singapore

Loizos Heracleous offers a freshapproach to established ideas ofstrategic management, emphasising theimportance of organisational culture inrealising strategy in such areas ascorporate governance and the impact ofthe Internet. Ideal for MBA students,researchers and the more thoughtfulpractitioner.Contents: Part I. Bases of StrategicManagement: 1. The strategic managementfield; 2. An organizational action view ofstrategic 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. Eachmodel is presented in detail with a self-contained discussion, which includes: ademonstration of the mechanics of themodel, empirical analysis, real worldexamples, and interpretation of resultsand findings.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.


TEXTBOOK

Management DecisionMakingSpreadsheet Modeling, Analysis,and ApplicationGeorge E. MonahanUniversity of Illinois, Urbana-Champaign

Management DecisionMaking is a spreadsheet-basedintroduction to the tools and techniquesof modern managerial decision making.Throughout, the goal is to understandhow business decisions are reached,what tradeoffs are made, and howoutcomes depend on the underlyingdata. A CD-ROM containing decisionanalysis software is included.Contents: Part I. Decision Making UsingDeterministic Models; Part II. DecisionMaking Under Uncertainty.

2000 247 x 174 mm 752pp 100 tables158 exercises 258 figures0 521 78118 3 Hardback £40.00

FORTHCOMING

The Future of theGlobal AutomobileIndustryTime for a Model ChangeGraeme P. Maxtonand John Wormald

2005 0 521 83715 4 HardbackPublication December 2005

NEW

Creating a LearningCultureStrategy, Technology, andPracticeEdited by Marcia L. ConnerUniversity of Virginia

and James G. ClawsonUniversity of Virginia

Creating a Learning Culture is forbusiness leaders and educators seekinginnovative approaches to culturaltransformation, putting learning at thecenter of their corporate strategy.Chapters on strategy, practice, andtechnology demonstrate how to achieveswift returns and lasting results byencouraging curiosity and learning at alllevels of the organization day-to-day.Clear and distinct profiles oforganizations (including GeneralMotors, and WD-40 Company) whichtoday use learning-focused approaches,accompany leading-edge research intohow and why people work togetherbest when they are open to learning.

Management and Marketing

31

Contents: Part I. Perspectives on aChanging World; Part II. AdaptiveApproaches to Organizational Design; PartIII. Expanding Individual Responsibility.

2004 228 x 152 mm 380pp3 line diagrams 4 tables 16 figures0 521 83017 6 Hardback c. £55.000 521 53717 7 Paperback c. £24.95Publication April 2004

Satisficing Games andDecision MakingWith Applications toEngineering and ComputerScienceWynn C. StirlingBrigham Young University, Utah

This book outlines an alternativeapproach to mathematical decisionmaking, using novel algorithms andtechniques to more closely model theway humans make decisions. It will beof great interest to engineers, computerscientists and mathematicians workingon artificial intelligence and expertsystems.


Corporate CollapseAccounting, Regulatory andEthical FailureSecond editionFrank ClarkeUniversity of Newcastle, New South Wales

Graeme DeanUniversity of Sydney

and Kyle OliverUniversity of Sydney

This revised edition tells why accountinghas failed to deliver the truth about acompany’s state of affairs or to givewarning of its drift towards failure. Anumber of well-known cases ofcorporate collapse are studied and therecent HIH and One.Tel collapses havebeen included for this edition.


NGOs andOrganizational ChangeDiscourse, Reporting, andLearningAlnoor EbrahimVirginia Polytechnic Institute and StateUniversity

Alnoor Ebrahim’s study analyses theorganizational evolution of NGOs,tracing their increased profile asbilateral partners in delivering aid.Combining original case studies andresearch with an extensive review ofliterature from organizational anddevelopment studies, Ebrahim advancesour understanding of management andorganizational change in the non-profitsector.

2003 228 x 152 mm 192pp6 line diagrams 7 tables 3 graphs 1 map0 521 82486 9 Hardback £40.00

CorporateEntrepreneurshipTop Managers and New BusinessCreationVijay SatheClaremont Graduate School, California

Foreword by Peter F. Drucker

How do large corporations encouragetheir senior managers to becomeentrepreneurial? Professor Sathe’spioneering book is based on interviewswith senior managers to understandwhy some organizations excel atfostering a culture of entrepreneurshipleading to new business growth. Anoriginal and valuable contribution to theliterature on strategic management.


OrganizationalLearning fromPerformance FeedbackA Behavioral Perspective onInnovation and ChangeHenrich R. GreveNorwegian School of Management

In an intriguing analysis of how firmsevolve in response to performancefeedback, Henrich Greve shows thathigh-performing organizations quicklylower their rates of market entry,innovation and growth, whereas low-performing organizations slowlyincrease. Greve examines theconsequences for survival andperformance, suggesting ways toimprove organizations with performancefeedback.

2003 228 x 152 mm 226pp 7 tables12 figures0 521 81831 1 Hardback £50.000 521 53491 7 Paperback £18.95

Strategic Alliances asSocial FactsBusiness, Biotechnology, andIntellectual HistoryMark De RondUniversity of Cambridge

Foreword by Anne Huff

Mark de Rond examines the socialdimension of strategic alliances and theimportance of the individuals involved.Based on in-depth case studies of threemajor biotechnology alliances, the bookcombines insights from social theoryand intellectual history with mainstreamstrategic management literature toprovide a refreshing and thought-provoking analysis.


Reaching theInteractive CustomerIntegrated Services for theDigital WorldMai-lan TomsenMicrosoft Corporation

and Ron FaithQpass

Reaching the Interactive Customerprovides critical information for businessprofessionals who want to understand a‘connected world’, linking businesses,customers, and service providers. Itdescribes how the audience forinteractive services has evolved andwhat that audience is looking for inconsumer devices.

2003 228 x 152 mm 178pp0 521 81670 X Paperback £18.95

Decision Making usingGame TheoryAn Introduction for ManagersAnthony KellyUniversity of Southampton

This book explains how game theorycan predict the outcome of complexdecision making processes, and how itcan help you to improve your ownnegotiation and decision making skills.Clear examples and helpful diagramsare used throughout, and themathematics is kept to a minimum.




32

Megaprojects and RiskAn Anatomy of AmbitionBent FlyvbjergAalborg University, Denmark

Nils BruzeliusStockholms Universitet

and Werner RothengatterUniversität Fridericiana Karlsruhe, Germany

A fascinating account of how promotersof multi-billion dollar megaprojectssystematically and self-servinglymisinform parliaments, the public andthe media in order to get projectsapproved and built. The authors notonly explore problems but also suggestpractical solutions drawing on theoryand evidence from the hundreds ofprojects studied.‘Life is too short to read every tomepenned by Scandinavian and Germansocial scientists. But Megaprojects andRisk, written by Bent Flyvbjerg, NilsBruzelius and Werner Rothengatter, is acracker. In lurid and startling detail itexamines dozens of vast constructionschemes around the world.’The Times, London


RethinkingPerformanceMeasurementBeyond the Balanced ScorecardMarshall W. MeyerWharton School, University of Pennsylvania

A major new study by a leadingmanagement scholar from top-rankedWharton School of Business onproblems of performance measurementsystems. Highlights particularshortcomings of the widely adopted‘balanced scorecard’ technique. Outlinesan alternative approach capturingfundamentals of firm performance.Essential reading for managementfaculty, MBA students and thoughtfulpractitioners.‘This book is a must-buy for any seniormanagers of service firms that aspireto have their companies survive andprosper even as competition inevitablyincreases.’Professor Ian MacMillan, Wharton School ofManagement, University of Pennsylvania


Finding a CommonInterestThe Story of Dick Dusseldorpand Lend LeaseLindie ClarkDusseldorp Skills Forum

This important book demonstrates howcorporations can be operated ethicallyby finding or creating a commoninterest between all those involved in itsoperations, including the communitieswhere business takes place. It does sothrough the example of DickDusseldorp, who founded Lend Lease,Australia’s most admired blue-chipcorporation.

2003 228 x 152 mm 304pp 25 half-tones0 521 82531 8 Hardback £45.00

International BusinessRiskA Handbook for the Asia-PacificRegionEdited by Darryl S. L. JarvisUniversity of Sydney

This book assesses national economiesthroughout the region and the politicaland regulatory issues that governmarket performance and contribute torisk exposures. It conveys currentinformation concisely through a rangeof graphs, charts and boxed summaries,making it an instantly accessiblereference.

2002 247 x 174 mm 496pp 110 graphs13 maps0 521 82194 0 Hardback £65.00

Assumption-BasedPlanningA Tool for Reducing AvoidableSurprisesJames A. DewarRAND Corporation, California

This book presents a variety oftechniques for rooting out assumptionsthat have gotten buried in one’sthinking. It illustrates steps formonitoring all the vulnerableassumptions of a plan and for preparingthe organization for the potential failureof those assumptions where control isnot possible.RAND Studies in Policy Analysis


The Open CorporationEffective Self-regulation andDemocracyChristine ParkerUniversity of Melbourne

The Open Corporation is an innovativeand realistic proposal for effectivecorporate self-regulation. Based onextensive fieldwork in Europe, the USand Australia, Parker sets out practicalstrategies for managers, stakeholdersand regulators to build successful self-regulation management systems.

2002 228 x 152 376pp 5 tables7 figures0 521 81890 7 Hardback £30.00

JOURNAL

Journal of AdvertisingResearchEditor: Arthur J. Kover Yale University School ofManagement

The ARF

Published by Cambridge University Presson behalf of The ARF (formerlyAdvertising Research Foundation), theJournal of Advertising Research, whichhas been in existence for more than 40years, is dedicated to providing up-to-date and practical information, as wellas theoretical discussions on diverseaspects of advertising, marketing, andmedia research. Its editorial emphasis isdirected at exploring all possibilities fornew and significant discoveries, eventhose that may challenge traditionalthought in the field. The Journal ofAdvertising Research is published foracademics, practitioners and users ofadvertising, marketing and mediaresearch.Subscriptions

Volume 44 in 2004: March, June, Septemberand DecemberInstitutions print and online: £175/$275Individuals print plus online: £98/$155Students: £48/$75Corporate Member Extras – print only:£75/$120Academic category: £48/$75Print ISSN 0021-8499Electronic ISSN 1740-1909


33

EconomicHistory

HIGHLIGHT

European Integration,1950–2003Superstate or New MarketEconomy?John GillinghamUniversity of Missouri, St Louis

Professor Gillingham’s work corrects theinadequacies of the existing literature bycutting through the genuine confusionthat surrounds the activities of theEuropean Union, and by looking at hissubject from a truly historicalperspective. The late-twentieth centuryhas been an era of great thoughinsufficiently appreciatedaccomplishment that intellectually andmorally is still emerging from theshadow of an earlier one of depression,and modern despotism. This is a work,then, that captures the historicaldistinctiveness of Europe in a way thattranscends current party politicaldebate.‘... as close to gripping as an academichistory of European integration is everlikely to get … The fact thatGillingham hails from the UnitedStates should not fool readers intoexpecting a dispassionate analysis ofthe EU, past, present and future. Thebook will prove stimulating to allfollowers of EU affairs’Eurobusiness

‘The great virtue of Mr Gillingham’sbook is that, unlike many other workson the subject, it describes EuropeanUnion developments against thebackground of the European politicaleconomy. Although Mr Gillingham hasstrong views, his main concern is torecord and explain events’Samuel Brittan


HIGHLIGHT

Consumerism inTwentieth-CenturyBritainThe Search for a HistoricalMovementMatthew HiltonUniversity of Birmingham

This book is the first comprehensivehistory of consumerism as an organisedsocial and political movement. It offersa groundbreaking account of consumermovements, ideologies andorganisations in twentieth-century

Britain. It explores the history oforganisations such as the Co-operativemovement and the Consumers’Association and analyses the role of theNational Consumer Council, the Officeof Fair Trading, international consumerorganisations and the growth of ethicalconsumerism. A major contribution todiscussions of the role of consumptionin modern society, this is essentialreading for historians of twentieth-century Britain.

• The first comprehensive history ofconsumerism as an organised socialand political movement

• Examines the history of the Co-operative movement, the Consumers’Association, the National ConsumerCouncil, the Office of Fair Trading aswell as international consumerorganisations

• Contributes to an expanding inter-disciplinary discussion of the role ofconsumption in modern society

Contents: Introduction: luxury’s shadow;Part I. Necessity: 1. Socialism, cooperation,free trade and fair trade: the politics ofconsumption in the nineteenth century;2. Revolutionary shoppers: the Consumers’Council and scarcity in World War I; 3. Theright to live: consumer ‘ideology’ in inter-war Britain; 4. The price of depression:consumer politics after World War I;5. Austerity to affluence: the twilight of thepolitics of necessity; Part II. Affluence: 6. Thenew consumer: good housewives andenlightened businessmen; 7. Theprofessionals: the origins of the organisedconsumer movement; 8. Individualismenshrined: the state and the consumer inthe 1960s; 9. The right to shop:consumerism and the economy; 10. Theduty of citizens: consumerism and society;11. Affluence or effluence: globalisation andethical consumerism; Conclusion: thequantity or the quality of choice.

2003 228 x 152 mm 396pp 6 half-tones0 521 83129 6 Hardback £45.000 521 53853 X Paperback £17.95

NEW TEXTBOOK

The French Economy inthe Twentieth CenturyJean-Pierre DormoisUniversité Paul Valéry, Montpellier

This textbook surveys the spectaculartransformation that the French economyhas undergone over the past century. Itoffers a general introduction to thelong-term as well as more recenttransformations of the French economyand surveys the major themesassociated with French economicdevelopment: exceptionalism,Malthusianism and statism.

Contents: 1. The end of Frenchexceptionalism; 2. French economicperformance in international perspective;3. France and the wider world; 4. Thechanging guises of Colbertism; 5. Theinstitutions of French capitalism; 6. Labour:the French at work; 7. Tilling and grazing:lifeblood or strain?; 8. Industrialisation, de-industrialisation, post-industrialisation;Conclusion.New Studies in Economic and SocialHistory, 49

2004 216 x 138 mm 158pp 1 half-tone39 tables 11 graphs0 521 66092 0 Hardback c. £27.500 521 66787 9 Paperback c. £9.95Publication May 2004

NEW TEXTBOOK

The CambridgeEconomic History ofModern BritainEdited by Roderick FloudLondon Metropolitan University

and Paul JohnsonLondon School of Economics and PoliticalScience

The Cambridge Economic History ofModern Britain is a readable andcomprehensive account of the economicdevelopment of Britain since 1700,based on the most up-to-date research.Fifty expert authors have written conciseand accessible chapters that cover allaspects of Britain’s economicperformance from 1700 to 2000.Volume 1: Industrialisation, 1700–1860

Contents: Introduction Roderick Floud andPaul Johnson; 1. Accounting for theindustrial revolution Joel Mokyr;2. Industrial organisation and structure:families, institutions, risk and trust PatHudson; 3. British population during the‘long’ eighteenth century, 1680–1840 E. A. Wrigley; 4. Agriculture during theindustrial revolution Robert C. Allen;5. Manufacturing and technological changeKristine Bruland; 6. Money, finance, andcapital markets Stephen Quinn; 7. Trade:discovery, mercantilism and technology C. Knick Harley; 8. Government and theeconomy, 1688–1850 Ron Harris;9. Household economy, 1688–1850 JaneHumphries; 10. Living standards and theurban environment Hans-Joachim Voth;11. Transport Simon Ville; 12. Educationand skill of the British labour force DavidMitch; 13. Consumption in eighteenthcentury and early nineteenth-century BritainMaxine Berg; 14. Scotland T. M. Devine;15. The extractive industries Roger Burt;16. The industrial revolution in globalperspective Stanley L. Engerman and PatrickK.O’Brien.

2004 247 x 174 mm 430pp 76 tables28 graphs 4 figures0 521 82036 7 Hardback c. £50.000 521 52736 8 Paperback c. £19.95Publication January 2004

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Volume 2: Economic Maturity, 1860–1939Contents: Introduction Roderick Floud andPaul Johnson; 1. Long run growth NicholasCrafts; 2. Population and regionaldevelopment, 1840–1940 Dudley Bainesand Robert Woods; 3. Human capital andskills Stephen Broadberry; 4. Manufacturingand technological change Gary B. Magee;5. The service sector Mark Thomas;6. Agriculture 1860–1914 Michael Turner;7. Trade 1870–1939: from globalisation tofragmentation C. Knick Harley; 8. Foreigninvestment, accumulation and empire,1860–1914 Michael Edelstein; 9. Enterpriseand management Tom Nicholas;10. Domestic finance 1860–1914 P. L. Cottrell; 11. Living standards,1860–1939 George Boyer; 12. The Britisheconomy between the wars BarryEichengreen; 13. Unemployment and thelabour market, 1870–1939 Timothy J.Hatton; 14. British Industry in the inter-waryears Sue Bowden and David M. Higgins;15. Industrial and commercial finance in theinter-war years Duncan M. Ross;16. Scotland 1850–1939: growth andpoverty Clive H. Lee; 17. Government andthe economy, 1860–1939 Roger Middleton.

2004 247 x 174 mm 500pp 96 tables39 graphs0 521 82037 5 Hardback c. £50.000 521 52737 6 Paperback c. £19.95Publication January 2004

Volume 3: Structural Change, 1939–2000

Contents: Introduction Roderick Floud and Paul Johnson; 1. The wartime economyPeter Howlett; 2. Failure followed bysuccess followed by failure? A re-examination of British economic growthsince 1939 Michael Kitson; 3. Theperformance of manufacturing StephenBroadberry; 4. A failed experiment: the stateownership of industry Leslie Hannah;5. Employment, education and humancapital Mary O’Mahony; 6. Money andmonetary policy since 1945 Susan Howson;7. The financial services sector since 1945Katherine Watson; 8. Economic Policy JimTomlinson; 9. Income and welfare PaulJohnson; 10. The rise of the serviceeconomy Robert Millward; 11. The impactof Europe Larry Neal; 12. Technology inpost-war Britain Nick von Tunzelmann;13. Regional development and policy PeterScott; 14. British fiscal policy since 1939Tom Clark and Andrew Dilnot;15. Industrial relations and the economyWilliam Brown.

2004 247 x 174 mm 430pp 67 tables53 graphs 1 figure 5 maps0 521 82038 3 Hardback c. £50.000 521 52738 4 Paperback c. £19.95Publication January 2004

THREE VOLUME SET

2004 1360pp 239 tables 120 graphs5 figures0 521 83498 8 3 Volume HB Set c. £140.000 521 53932 3 3 Volume PB Set c. £54.95Publication January 2004

TEXTBOOK

The UnboundPrometheusTechnological Change andIndustrial Development inWestern Europe from 1750 tothe PresentSecond editionDavid S. LandesHarvard University, Massachusetts

For over thirty years David Landes’sUnbound Prometheus has offered anunrivalled history of the making of amodern, industrialised Europe. Now, inthis new edition, he takes theopportunity to reframe and reassert hisoriginal arguments in the light ofcurrent debates about globalisation andcomparative economic growth.Contents: Preface to the new edition;Preface to the original edition;1. Introduction; 2. The industrial revolutionin Britain; 3. Continental emulation;4. Closing the gap; 5. Short breath andsecond wind; 6. The interwar years;7. Reconstruction and growth since 1945;8. Conclusion; 9. Epilogue; Index.

2003 216 x 138 mm 588pp0 521 82666 7 Hardback £50.000 521 53402 X Paperback £19.95

TEXTBOOK

Making History CountA Primer in QuantitativeMethods for HistoriansCharles H. FeinsteinUniversity of Oxford

and Mark ThomasUniversity of Virginia

Contents: Part I. Elementary StatisticalAnalysis: 1. Introduction; 2. Descriptivestatistics; 3. Correlation; 4. Simple linearregression; Part II. Samples and InductiveStatistics: 5. Standard errors and confidenceintervals; 6. Hypothesis testing; 7. Non-parametric tests; Part III. Multiple LinearRegression: 8. Multiple relationships;9. The classical linear regression model;10. Dummy variables and lagged values;Part IV. Further Topics in RegressionAnalysis: 11. Violating the assumptions ofthe classical model; 12. Non-linear modelsand functional forms; 13. Logit, probit, andtobit models; Part V. Specifying andInterpreting Models: Four Case Studies:14. Case studies 1 and 2: unemployment inBritain and emigration from Ireland;15. Case studies 3 and 4: the Old Poor Lawin England and leaving home in the UnitedStates, 1850–60; Appendix A. The four datasets; Appendix B. Index numbers; Index.

2002 247 x 174 mm 570pp 1 table142 figures0 521 80663 1 Hardback £65.000 521 00137 4 Paperback £21.95

TEXTBOOK

Economics and Politicsin the WeimarRepublicTheo BalderstonUniversity of Manchester

Contents: 1. Demobilization andrevolution; 2. Treaty, reparations, taxation;3. Inflation; 4. 1924–29: normalization andstagnation? 5. The slump; 6. Epilogue.New Studies in Economic and SocialHistory, 45

2002 216 x 138 mm 138pp 3 graphs0 521 58375 6 Hardback £25.000 521 77760 7 Paperback £9.95

FORTHCOMING

The Escape fromHunger and PrematureDeath, 1700–2100Europe, America and the ThirdWorldRobert William FogelUniversity of Chicago

Nobel laureate Robert Fogel’scompelling new study examines health,nutrition and technology over the lastthree centuries and beyond. Chronicmalnutrition is one reason why peoplein the past had smaller, weaker bodiesand lived shorter lives than people dotoday. When better agriculture began toproduce more food, people began toget bigger, healthier and to live longer.This process has contributed toeconomic growth and technologicalprogress. Professor Fogel’s powerfulstudy will be essential reading for allthose interested in economics,demography, history and health carepolicy.Cambridge Studies in Population, Economyand Society in Past Time, 38

2004 228 x 152 mm 200pp 15 tables19 figures0 521 80878 2 Hardback c. £18.95Publication July 2004

NEW

Exceptionalism andIndustrialisationBritain and its European Rivals,1688–1815Edited by Leandro Prados de laEscosuraUniversidad Carlos III de Madrid

This book explores Britishexceptionalism in the period from theGlorious Revolution to the Congress ofVienna. Leading historians examine whyBritain emerged from years of sustainedcompetition with her European rivals ina position of hegemony in the domainsof naval power, empire, globalcommerce, agricultural efficiency,

Economic History

35

industrial production, fiscal capacity andadvanced technology. They plot Britain’sunique path to the Industrial Revolutionthrough the interconnections betweenagriculture, foreign trade andindustrialization, her unusualinventiveness, the role of herinstitutions, and the contribution of hermilitary and naval superiority.

2004 228 x 152 mm 346pp 33 tables20 figures0 521 79304 1 Hardback c. £50.00Publication April 2004

NEW

The Big End of TownBig Business and CorporateLeadership in Twentieth-CenturyAustraliaGrant FlemmingAustralian National University, Canberra

David MerrettUniversity of Melbourne

and Simon VilleUniversity of Wollongong, New South Wales

Corporate Leadership in Australia is thefirst proper business history of Australia.It traces the evolution of large businessenterprises in Australia, from the giantsof the nineteenth century to thecontemporary leaders. It delves into whythe market leaders became the majorplayers, examines what was crucial totheir success, and their roles in leadingthe Australian economy. By investigatingtheir evolution this book provides auseful evaluation of the factors thathave led to their competitive successand provides an essential guide for allbusinesses in Australia.

2004 228 x 152 mm 240pp0 521 83311 6 Hardback c. £37.50Publication February 2004

NEW

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

Drawing widely on social science andhistory, economist Richard A. Easterlinasks, where is rapid economic growthtaking us? Why has its spreadthroughout the world been so limited?What are the causes of the greattwentieth century advance in lifeexpectancy? Or of the revolution inchildbearing that is bringing fertilityworldwide to near-replacement levels?To what extent have free markets beenthe source of human improvement? Theopening chapter gives anautobiographical account of the

evolution of Easterlin’s uniqueapproach, and why he is a ‘reluctanteconomist’.

2004 228 x 152 mm 225pp31 line diagrams 21 tables0 521 82974 7 Hardback c. £55.00Publication February 2004

NEW

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

and Alan M. TaylorUniversity of California, Davis

This book presents an economic historyof international capital mobility in themodern era. The book blends narrativeand quantitative methods and connectseconomic outcomes to the underlyingpolitical economy of internationalmacroeconomics. The book shows thatthe recent globalization can be seen, inpart, as the resumption of a liberalworld order that had previously beenestablished in the years 1880–1914,but also points out that much isdifferent in terms of its causes andconsequences.Japan-US Center Sanwa Monographs onInternational Financial Markets


NEW

Markets in HistoricalContextsIdeas and Politics in the ModernWorldEdited by Mark BevirUniversity of California, Berkeley

Frank TrentmannBirkbeck College, University of London

What ways of thinking about marketscan we recover from the past? In thisbook leading academics explore diverseconstructions and operations of marketsin different traditions. In doing so, theyrange over European and non-Europeansocieties from the eighteenth century tothe present, from the greattransformation to globalisation. Thisvolume challenges today’s neoliberalorthodoxy by suggesting that marketsare always embedded in traditions andpractices and it recovers a range ofalternative modes of thought that areoften neglected in contemporarydebates.

2004 228 x 152 mm 267pp 4 tables0 521 83355 8 Hardback £45.00Publication January 2004

NEW

A New EconomicHistory of ArgentinaEdited by Gerardo della PaoleraThe American University of Paris

and Alan M. TaylorUniversity of California, Davis

Not since the publication of Carlos DíazAlejandro’s Essays on the EconomicHistory of the Argentine Republic in1970 has there been a new standardreference for those seeking a morequantitative understanding ofArgentina’s development. In theintervening years research in the ‘neweconomic history’ has crafted a moresophisticated interpretation of the past.This book provides the reader access tothe latest research, and focuses onlong-run economic change, majordevelopments in policy making, andimportant shifts in institutions andideas.


The Economic Historyof Latin America sinceIndependenceSecond editionVictor Bulmer-ThomasThe Royal Institute of International Affairs

Beginning with the integration of LatinAmerica into the world trading systemcentered on Europe and North Americaduring the century before 1930, thisbook explores the successes and failuresof export-led growth. Further, the authorexamines the routes through whichLatin American republics extricatedthemselves from the debt problem inpursuit of a new version of export-ledgrowth. Taking its narrative from theend of the colonial epoch to thepresent, this book provides acomprehensive balanced portrait of thefactors affecting economic developmentin Latin America.Cambridge Latin American Studies, 77

2003 228 x 152 mm 506pp7 line diagrams 71 tables 2 maps0 521 82567 9 Hardback £65.000 521 53274 4 Paperback £27.95

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The European MiracleEnvironments, Economies andGeopolitics in the History ofEurope and AsiaThird editionEric JonesUniversity of Melbourne

Why did modern states and economiesdevelop first in the peripheral and late-coming culture of Europe? This historicalpuzzle looms behind every study ofindustrialization and economicdevelopment. In this analytical andcomparative work Eric Jones sees theeconomic condition forming wherenatural environments and politicalsystems meet: Europe’s economic rise isexplained as a favoured interactionbetween them, contrasting with thefrustrating pattern of their interplay inthe Ottoman empire, India and China.For the third edition Professor Jones hasadded a new Preface and Afterword.

2003 228 x 152 mm 344pp 8 tables1 map0 521 82094 4 Hardback £42.500 521 52783 X Paperback £15.95

Business Historyaround the WorldEdited by Franco AmatoriUniversità Commerciale Luigi Bocconi, Milan

and Geoffrey JonesHarvard University, Massachusetts

This book offers the first in-depthinternational survey of current researchand debates in business history. Overthe last two decades enormousadvances have been made on thehistory of business enterprise andbusiness systems. Historians aredocumenting and analyzing theevolution of a wide range of importantcompanies, their patterns of innovation,production, and distribution, theirfinancial affairs, their political activitiesand their social impact. This volumeprovides a reference work which will beof immense value to historians,economists and managementresearchers.Comparative Perspectives in BusinessHistory

2003 228 x 152 mm 443pp1 line diagram 1 table0 521 82107 X Hardback £47.50

Self-Interest BeforeAdam SmithA Genealogy of EconomicSciencePierre ForceColumbia University, New York

A study of the history of the concept ofself-interest before Adam Smith, in orderto understand what it meant whenAdam Smith used it as an axiom in TheWealth of Nations. The author showsthat Smith’s theory refutes the ‘selfishhypothesis’ yet integrates it at the sametime.Ideas in Context, 68

2003 228 x 152 mm 296pp0 521 83060 5 Hardback £45.00

Business and Politicsin Europe, 1900–1970Essays in Honour of AliciaTeichovaEdited by Terry GourvishLondon School of Economics and PoliticalScience

This book provides fresh insights intothe interaction between politics andbusiness in twentieth-century Europe,and indicates the complexity of therelationship – particularly in theenvironment of the 1920s and 1930s –when fascism was at its height.

2003 228 x 152 mm 358pp 1 half-tone10 tables 5 figures0 521 82344 7 Hardback £45.00

Globalization and theAmerican CenturyAlfred E. Eckes, JrOhio University

and Thomas W. ZeilerUniversity of Colorado, Boulder

Revolutionary improvements inAmerican technology have combinedwith the leadership elite’s enthusiasmfor de-regulation of markets and freetrade to fuel American-styleglobalization. However, the tragicevents of September 2001 and thegrowing volatility of global finance nowraise questions about whether the eraof American-led globalization issustainable.

2003 228 x 152 mm 350pp 10 half-tones13 tables0 521 80409 4 Hardback £45.000 521 00906 5 Paperback £16.95

Finance,Intermediaries, andEconomicDevelopmentEdited by Stanley L. EngermanUniversity of Rochester, New York

Philip T. HoffmanCalifornia Institute of Technology

Jean-Laurent RosenthalUniversity of California, Los Angeles

and Kenneth L. SokoloffUniversity of California, Los Angeles

This volume includes ten essays dealingwith financial and other forms ofeconomic intermediation in Europe,Canada, and the United States since theseventeenth century. Each relates thedevelopment of institutions to economicchange and describes their evolutionover time, as well as discussing severaldifferent forms of intermediation.

2003 228 x 152 mm 360pp28 line diagrams 1 half-tone 42 tables0 521 82054 5 Hardback £45.00

International FinancialHistory in theTwentieth CenturySystem and AnarchyEdited by Marc FlandreauInstitut d’Etudes Politiques, Paris

Carl-Ludwig HoltfrerichFreie Universität Berlin

and Harold JamesPrinceton University, New Jersey

The essays in this book, written by someof the leading experts in the field andcovering over a hundred years ofeconomic history, examine the history ofthe international financial system interms of the current debate aboutglobalization and its limits.Publications of the German HistoricalInstitute

2003 228 x 152 mm 288pp0 521 81995 4 Hardback £40.00

Nation, State, and theEconomy in HistoryEdited by Alicia TeichovaUniversity of Cambridge

and Herbert MatisWirtschaftsuniversitat Wien, Austria

This book addresses the rarely-exploredsubject of the reciprocal relationshipsbetween nationalism, nation and state-building, and economic change. Analysisof the economic element in the buildingof nations and states cannot beconfined to Europe, and therefore thesediverse yet interlinked case-studiescover all continents.

2003 228 x 152 mm 466pp0 521 79278 9 Hardback £55.00

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Russia’s EconomicTransitionsFrom Late Tsarism to the NewMillenniumNicolas SpulberIndiana University

Examines the three majortransformations that the countryunderwent from the early 1860s to2000. The three transitions originatedwithin different socio-economic settings,but have had a similar primary goal,namely the changing of the economy’sownership pattern in the hopes ofproviding a better basis for subsequentdevelopment.‘The book is a massive undertaking,covering almost two centuries. Spulberis attempting to look at the threemajor transitions of Russian economichistory – the decision to ‘modernize’after the Crimean War, the Sovietindustrialization drive and ensuingmodernization of the Soviet Union, andthe Russian transition after 1991. It isa monumental scholarly effort. No oneelse has tried such a project, so it willstand alone.’Paul R. Gregory, University of Houston, Texas


The Rise ofCommercial EmpiresEngland and the Netherlands inthe Age of Mercantilism,1650–1770David OrmrodUniversity of Kent, Canterbury

The Rise of Commercial Empires is awork of major importance for theeconomic history of both Europe andNorth America. It is an analysis of acrucial transformation in the history oftrade, as London became the centre of anew kind of world economy.Cambridge Studies in Modern EconomicHistory, 10

2003 228 x 152 mm 420pp 10 half-tones33 tables 15 figures 1 map0 521 81926 1 Hardback £55.00

Great TransformationsEconomic Ideas and InstitutionalChange in the Twentieth CenturyMark BlythThe Johns Hopkins University

This book analyses political andeconomic change in the United Statesand Sweden from the 1920s to the endof the 1990s. The key claim is thateconomic ideas are political tools usedby domestic groups in order to effectchange.


JOURNAL

The Journal ofEconomic HistoryEditors:C. Knick HarleyUniversity of Western Ontario

and Gavin WrightStanford 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.Subscriptions

Volume 64 in 2004: March, June, Septemberand DecemberInstitutions print and online: £104/$159Institutions online only: £90/$138Institutions print only: £90/$138Special arrangements exist for members ofEconomic History Association.Print ISSN 0022-0507Electronic ISSN 1471-6372

JOURNAL

Financial HistoryReviewEditors:Youssef CassisUniversity of Grenoble II

Duncan M. RossUniversity of Glasgow

and David WeimanColumbia University

Published for the European Associationfor Banking History

Financial History Review is aninternational forum for 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. The Review’schronological concern begins with theemergence of market economies.Similarly, its geographical scope isglobal: international and comparativestudies are published alongside thosefocused upon national, regional, andlocal affairs. Articles address cultural

and social aspects as well as theinterrelations between politics andfinance.Subscriptions

Volume 11 in 2004: April and OctoberInstitutions print and online: £73/$120Institutions online only: £65/$108Institutions print only: £69/$114Individuals print only: £33/$53American Historical Association, AmericanPolitical Science Association: £18/$30Special arrangements exist for members ofEuropean Association for Banking History.Print ISSN 0968-5650Electronic ISSN 1474-0052

JOURNAL

European Review ofEconomic HistoryEditors:Giovanni FedericoEuropean University Institute,Florence

Rainer FremdlingRijksuniversiteit Groningen, The Netherlands

and Kevin H. O’RourkeTrinity College, Dublin

Published for the European HistoricalEconomics Society

European Review of Economic Historyprovides an important new source ofinsight into European economic history,which is accessible to readers from avariety of different backgrounds. Theobjective is to further research,scholarship, and understanding ofeconomic structure, change, andeconomic development in Europe sinceearly modern times. Contributions shednew light on existing debates, raise newor neglected topics and provide newperspectives from comparative research.The Review includes full-length articles,shorter articles, notes and comments,debates, survey articles, and reviewarticles.Subscriptions

Volume 8 in 2004: April, August andDecemberInstitutions print and electronic: £91/$145Institutions electronic only: £80/$127Institutions print only: £86/$136Individuals print only: £38/$57American Historical Association, AmericanPolitical Science Association: £28/$44Special arrangements exist for members of theEuropean Historical Economics Society.Print ISSN 1361-4916Electronic ISSN 1474-0044

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EconomicDevelopmentand Growth

HIGHLIGHT

Regulation andDevelopmentJean-Jacques LaffontUniversité de Toulouse

Jean-Jacques Laffont provides the firsttheoretical analysis of regulation ofpublic services for developing countries.He shows how the debate betweenprice-cap regulation and cost of serviceregulation is affected by thecharacteristics of LDCs, develops a newtheory of regulation with limitedenforcement capabilities, and discussesthe delicate issue of access pricing inview of LDC’s specificities. Based onorganization theory and history, andusing simple empirical tests wherepossible, Laffont’s comprehensiveevaluation of the different ways toorganize the regulatory institutionsmakes a significant contribution to thefield.Contents: Foreword; Introduction;1. Overview of regulatory issues; 2. The rentextraction-efficiency trade-off; 3. A positivetheory of privatization; 4. Enforcement,regulation and development; 5. Accesspricing rules for developing countries;6. Universal service obligations in LCDs;7. Design of regulatory institutions;8. Separation of regulatory powers anddevelopment; 9. Concluding remarks.Federico Caffe Lectures

2005 0 521 84018 X Hardback0 521 54948 5 PaperbackPublication April 2005

FORTHCOMING TEXTBOOK

Introduction to theDynamics of Economicand SocialDevelopmentAdam SzirmaiTechnische Universiteit Eindhoven, TheNetherlands

A modern, non-technical introduction tocontemporary debates withindevelopment economics within aframework which emphasises thehistorical and political context. A richstatistical database is used throughoutthe text allowing students to undertakeinformed comparative analysis ofdifferent countries’ developmentexperiences. As it assumes no priorknowledge of economics the book iswell suited for use in inter-disciplinarydevelopment studies programmes aswell as in economics courses.

2004 247 x 174 mm 550pp 40 tables20 graphs0 521 81763 3 Hardback c. £65.000 521 52084 3 Paperback c. £24.95Publication late 2004

NEW

World Cities Beyondthe WestGlobalization, Development andInequalityEdited by Josef GuglerUniversity of Connecticut

Leading authorities from four continentsprovide the first dedicated study ofmajor cities in countries outside theindustrialized West: Bangkok, Mumbai,Cairo, Hong Kong, Jakarta,Johannesburg, Mexico City, Moscow,Sao Paulo, Seoul, Shanghai andSingapore. All these cities playimportant global and regional roles, andthe contributors compare their historicalpaths to their present position, theirpositions in the world, and the problemsthey face. This substantial volumeprovides an original perspective onworld cities and the impact ofglobalization upon them and will appealto both researcher and student.

2004 228 x 152 mm 340pp 29 tables12 figures 23 maps0 521 83003 6 Hardback c. £50.000 521 53685 5 Paperback c. £18.95Publication April 2004

NEW

Discipline andDevelopmentMiddle Classes and Prosperity inEast Asia and Latin AmericaDiane E. DavisMassachusetts Institute of Technology

The key to successful economicdevelopment in late industrializers restsin the state’s capacity to disciplinecapitalists in the service of nationaleconomic growth. What gives certaincountries (South Korea and Taiwan) thecapacity to discipline capitalists, whileothers (Mexico and Argentina) findthemselves unable to do so? Theanswer rests in a closer examination ofmiddle classes, especially rural middleclasses, and the extent to which theyachieve sufficient sway in politics,society, and thus the state, in order toimpose such discipline.

2004 228 x 152 mm 432pp 6 tables0 521 80748 4 Hardback c. £50.000 521 00208 7 Paperback c. £19.95Publication April 2004

NEW

Building High-TechClustersSilicon Valley and BeyondEdited by Timothy BresnahanStanford University, California

and Alfonso GambardellaUniversità degli Studi, Pisa

The contributors study how centers ofindustrial and technological innovationsuch as Silicon Valley get started. These‘clusters’ have many entrepreneurialhigh tech firms in a small area whichgive rise to rapid economic growth. Noother analysts have studiedsystematically how such clusters start,though many earlier works have studiedSilicon Valley in its mature phase. Thecontributors show that the key publicand business policy elements of startingup a cluster are common across manyregions, countries, and time periods.

2004 228 x 152 mm 275pp41 line diagrams 62 tables 2 maps0 521 82722 1 Hardback c. £45.00Publication January 2004

Economic Development and Growth

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NEW

The Emergence ofEntrepreneurshipPolicyGovernance, Start-Ups, andGrowth in the U.S. KnowledgeEconomyEdited by David M. HartHarvard University, Massachusetts

Professor Uzawa constructs a theoreticalframework in which three majorproblems concerning global warmingand other environmental hazards mayeffectively be addressed. First, allphenomena involved with globalenvironmental issues exhibitexternalities of one kind or another.Secondly, global environmental issuesinvolve international andintergenerational equity and justice.Thirdly, global environmental issuesconcern the management of theatmosphere, the oceans, water, soil, andother natural resources that have to bedecided by a consensus of all affectedcountries.‘David Hart’s pioneering work heraldsthe beginning of a new era ofEntrepreneurship Policy as it takescenter state in national economicdebates. A rich and detailed discussionof the field, it is a must read for thoseseeking to raise their literacy on thesubject: policy makers, their advisors,and any citizen seeking to understandthis complex and important territory.’Jeffry A. Timmons, Babson College


The DivergentDynamics of EconomicGrowthStudies in AdaptiveEconomizing, TechnologicalChange, and EconomicDevelopmentRichard H. DayUniversity of Southern California

The essays collected in this volume alldeal one way or another with fourintertwining themes: (1) new technologyand economizing induce vast changes inproductivity, resource allocation, andlabor utilization; (ii) these changesunderlie the global explosion of humannumbers, resource utilization, andenvironmental transformation; (iii) theycause drastic reallocations of peopleamong industries, rural areas, and cities;(iv) to understand all this, scientificeconomic theory must be based onprinciples of economic behavior out-of-equilibrium, especially on concepts ofadaptation and evolution.

2003 228 x 152 mm 272pp46 line diagrams 4 tables0 521 83019 2 Hardback £45.00Publication December 2003

A Theory of EconomicGrowthDynamics and Policy inOverlapping GenerationsDavid de la CroixUniversité Catholique de Louvain, Belgium

and Philippe MichelBibliothèque de l’Universitè de la Méditerranée,France

This book provides an in-depthtreatment of the overlappinggenerations model in economicsincorporating production.Methodological emphasis is put onusing general preferences andtechnologies, on the global study ofdynamic aspects of the model, and onfurnishing adequate tools to analyzepolicies involving inter-generationaltransfers.


The Role of SocialCapital inDevelopmentAn Empirical AssessmentEdited by Christiaan GrootaertThe World Bank

and Thierry van BastelaerUniversity of Maryland, College Park

Foreword by Robert Puttnam

Social capital can be defined as theinstitutions and networks ofrelationships between people,complemented by the attitudes, normsand values that underlie them. Based ona large volume of newly collected datafrom ten countries, this is the first bookto provide a rigorous empirical testingof the link between social capital andeconomic development. The bookdocuments the pervasive role of socialcapital in accelerating povertyalleviation and rural development,facilitating the provision of goods andservices, and easing political transitionand recovery from civil conflicts.


JOURNAL

The China QuarterlyEditor: Julia StraussSchool of Oriental and AfricanStudies

Published for the School ofOriental and African 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.Subscriptions

Volumes 177-180 in 2004: March, June,September and DecemberInstitutions print and online: £95/$155Institutions online only: £86/$142Institutions print only: £86/$142Individuals print only: £40/$69Students: £20/$35Print ISSN 0305-7410Electronic ISSN 1468-2648

JOURNAL

Journal of LatinAmerican StudiesEditors:Paul CammackUniversity of Manchester

and James DunkerleyUniversity of London

Associate Editor: 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 ‘commentaries’and an extensive section of bookreviews. There is no commitment to anypolitical viewpoint or ideology.Subscriptions

Volume 36 in 2004: February, May, Augustand NovemberInstitutions print and online: £152/$236Institutions online only: £128/$200Institutions print only: £136/$218Individuals print only: £52/$80Students: £29/$45Society for Latin American Studies, Asociacionde Historiadores Latinamericanstas: £32/$50Special arrangements exist for members ofthe Latin American Studies Association.Print ISSN 0022-216XElectronic ISSN 1469-767X

Economic Development and Growth


40

JOURNAL

The Journal of ModernAfrican StudiesEditor: Christopher ClaphamUniversity of Cambridge

The Journal of Modern AfricanStudies offers 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.Subscriptions

Volume 42 in 2004: March, June, Septemberand DecemberInstitutions print and online: £154/$246Institutions online only: £130/$208Institutions print only: £136/$220Individuals print only: £48/$76Past contributors, African Studies Association:£32/$52Print ISSN 0022-278XElectronic ISSN 1469-7777

EconomicSystems

NEW TEXTBOOK

Economic Transition inCentral and EasternEuropePlanting the SeedsDaniel GrosCentre for European Policy Studies (CEPS),Brussels

and Alfred SteinherrFreie Universität Bozen, Bolzano

Analysing the key problems facing thetransition countries in Central andEastern Europe, this book describes thelegacy of the central planners and theneed for radical reforms. It documentsthe outstanding successes and failures,and shows how some countries havegraduated from ‘transition’ to‘integration’ through membership of theEuropean Union. The book concludes byindicating how the EU could help thepoor performers through inclusion in acontinent-wide integrated economicarea. Written in accessible style thebook will appeal to students ineconomics, comparative politics andarea studies.

Contents: Introduction; Part I. The Rise and Decline of Communism: An Overview:1. From pre-war Russia to the fall ofCommunism; 2. The obsession with growth;Part II. Transition: 1990–2000: 3. Transition:the job; 4. Transition: ten years later;5. Transition: unfinished business; Part III:Extreme Cases for Reform: Scope forDisagreements: 6. German unification: anexample of big-bang reform; 7. Thedisintegration of the Soviet Union;8. Russia: after a lost decade Phoenix risesfrom the ashes?; Part IV. The New Europefrom the Atlantic to the Urals: 9. Easternenlargement; 10. Saving the Balkans;11. The outlook; Bibliography.

2004 247 x 174 mm 384pp 11 half-tones22 tables 22 graphs 4 maps0 521 82638 1 Hardback £65.000 521 53379 1 Paperback £23.95Publication March 2004

FORTHCOMING

Postwar MigrationPatterns in SouthernEurope, 1950–2000An Economic AnalysisAlessandra VenturiniUniversità degli Studi di Torino, Italy

Managing migration promises to be oneof the most difficult challenges of the21st century. It will be even moredifficult for South European countries,from which emigration has leveled offand to which immigration has become asignificant economic issue. This bookanalyzes the Southern Europeanmigration case using an economicapproach. It combines a theoretical andan empirical approach on thefundamental migration issues – thedecision to migrate, effects on thecountry of departure and country ofdestination, and the effectiveness ofpolicies in managing migration.

2004 228 x 152 mm 225pp25 line diagrams 38 tables0 521 64040 7 Hardback c. £65.00Publication July 2004

From Mao to MarketRent Seeking, LocalProtectionism, andMarketization in ChinaAndrew H. WedemanUniversity of Nebraska, Lincoln

This book argues that China succeededin moving from a Maoist commandeconomy to a market economy becausegovernment failed to prevent localofficials from forcing prices to marketlevels. The ‘resource wars’ that resultedfrom partial price reform in the early1980s cleared the way for sweepingreforms.Cambridge Modern China Series


The Future of U.S.CapitalismFrederic L. PryorSwarthmore College, Pennsylvania

This book looks at what is going tohappen to US enterprises, markets, andthe government sector in the comingdecades and also provides perspectiveon what is happening to US capitalismtoday. The author deals with a series ofcritical social, cultural, and politicaltrends that will shape the way economicactivities will be structured. He focuseson the increasing share of markets thatwill be held by the largest firms, and thechanging roles of government in theeconomy.


Building CapitalismThe Transformation of theFormer Soviet BlocAnders AslundCarnegie Endowment for International Peace,Washington DC

This is the most comprehensiveempirical analysis of the economictransformation of the former Soviet blocduring the first decade aftercommunism. It debunks many myths,seeing transition as a struggle betweenradical reformers and those thriving onrent seeking. Privatization has beenbeneficial, and its effects will grow overtime. The main problem has been thecontinuation of unregulated stateapparatuses living on corruption, whileno country has suffered from too radicalreforms. Where malpractices of the elitecan be checked, market reforms anddemocracy have proceeded together.


Economic Development and Growth/Economic Systems

41

Environmentaland NaturalResourceEconomics

TEXTBOOK

Principles ofInternationalEnvironmental LawSecond editionPhilippe SandsUniversity College London

This second edition of Sand’s leadingtextbook on international environmentallaw provides a clear and authoritativeintroduction to the subject, revised toDecember 2002. It incorporates relevantnew material, including geneticallymodified organisms, the Kyoto Protocol,oil pollution, chemicals etc. It remainsthe most comprehensive account of theprinciples and rules relating to theprotection of the environment and theconservation of natural resources. Thiswill remain an invaluable resource forboth students and practitioners.Contents: Table of treaties and otherinternational acts; Table of cases;Abbreviations; Part I. The Legal andInstitutional Framework: Introduction;1. The environment and internationalsociety: issues, concepts and definitions;2. History; 3. Governance: states,international organisations and non-stateactors; 4. International law-making andregulation; 5. Compliance: implementation,enforcement, dispute settlement; Part II.Principles and Rules Establishing Standards:6. General principles and rules;7. Atmosphere; 8. Oceans and seas;9. Freshwater resources; 10. Conservationof biological diversity; 11. Hazardoussubstances and activities; 12. Waste;13. The polar regions: Antarctica and theArctic; 14. European Communityenvironmental law; Part III. Techniques forImplementing International Principles andRules: 15. Environmental impactassessment; 16. Environmental information;17. Liability and compensation forenvironmental damage; 18 Internationaltrade and competition; 19. Financialresources, technology and intellectualproperty; Index.


TEXTBOOK

Resource EconomicsJon M. ConradCornell University, New York

The book covers basic concepts, showshow to set up spreadsheets to solvedynamic allocation problems, andpresents economic models for fisheries,forestry, nonrenewable resources, stockpollutants, option value, and sustainabledevelopment.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 tables0 521 64012 1 Hardback £50.000 521 64974 9 Paperback £18.95

FORTHCOMING

Ecological EconomicsAn Introduction to the Study ofSustainabilityMichael CommonUniversity of Strathclyde

Taking as its starting point theinterdependence of human and naturalsystems this book provides acomprehensive introduction to theemerging field of ecological economics.The author, who has written extensivelyon the economics of sustainabillity,seeks to build on insights from bothmainstream economics and ecologicalsciences. It assumes no prior knowledgeof economics and is well suited for useon interdisciplinary environmentalscience and management courses.

1 247 x 174 mm 500pp 10 line diagrams15 tables 30 graphs0 521 81645 9 Hardback c. £65.000 521 01670 3 Paperback c. £24.95Publication late 2004

NEW

Spatial Ecological-Economic Analysis forWetland ManagementModelling and ScenarioEvaluation of Land-UseJeroen C. J. M. van den BerghVrije Universiteit, Amsterdam

Aat BarendregtUniversiteit Utrecht, The Netherlands

and Alison J. GilbertVrije Universiteit, Amsterdam

In all parts of the world wetlands areendangered by human activities anddevelopment. They have been studied bymany disciplines, both in the naturaland the social sciences. Integrationbetween these disciplines has beenattempted, though often without muchsuccess. This book approaches the studyof wetlands management anddevelopment policy by using integratedecosystem modelling that builds uponinsights from hydrology, ecology andeconomics. The authors devoteparticular attention to the spatialdimension, the development of a set ofcomplementary indicators, and theaggregation and evaluation ofinformation.

2004 247 x 174 mm 230pp37 line diagrams 6 half-tones 54 tables0 521 82230 0 Hardback c. £70.00Publication April 2004

Environmental and Natural Resource Economics


42

The Science ofSustainableDevelopmentLocal Livelihoods and the GlobalEnvironmentJeffrey SayerWWF International, Switzerland

and Bruce CampbellCenter for International Forestry Research(CIFOR)

Science faces major challenges intackling the interlinked problems ofpoverty and environmentalsustainability. This book reviews howpractical science can be applied to real-life conservation and developmentproblems, and aims to de-mystify thesometimes obscure science of naturalresources management, interpreting itfor those who need to deal with the dayto day problems of managing complexnatural resource systems. The authorsgive practical guidance on designingand managing conservationprogrammes and demonstrate that newtechnologies enable integrated naturalresource management to move from atheory to a reality.


Economic Theory andGlobal WarmingHirofumi UzawaUniversity of Tokyo

Professor Uzawa constructs a theoreticalframework in which three majorproblems concerning global warmingand other environmental hazards mayeffectively be addressed. First, allphenomena involved with globalenvironmental issues exhibitexternalities of one kind or another.Secondly, global environmental issuesinvolve international andintergenerational equity and justice.Thirdly, global environmental issuesconcern the management of theatmosphere, the oceans, water, soil, andother natural resources that have to bedecided by a consensus of all affectedcountries.


Applied EnvironmentalEconomicsA GIS Approach to Cost-benefitAnalysisIan J. BatemanUniversity of East Anglia

Andrew A. LovettUniversity of East Anglia

and Julii S. BrainardUniversity of East Anglia

One of the first books to demonstratethe power of Geographical InformationSystems (GIS) applied to environmentaleconomics problems. The authors showhow GIS can be used to model complexreal world interactions between theenvironment and the economy, makingpossible a more sophisticated evaluationof the costs and benefits ofenvironmental policies thanconventional cost benefit techniquesallow. Using an extended case study ofa land use change problem the authorsdevelop an innovative methodology thathas important applications toeconomists, environmental managersand regional planners.

2003 247 x 174 mm 358pp35 line diagrams 3 colour plates 67 tables0 521 80956 8 Hardback £45.00

NOBEL PRIZE WINNER

The Dynamics ofDeforestation andEconomic Growth inthe Brazilian AmazonLykke E. AndersenCatholic University of Bolivia, La Paz

Clive W. J. GrangerUniversity of California, San Diego

Eustaquio J. ReisInstitute for Applied Economic Research,Rio de Janeiro

Diana WeinholdLondon School of Economics and PoliticalScience

and Sven Wunder

Presenting an economic perspective ofdeforestation in the Brazilian Amazon,the authors make use of a uniquely richset of economic and ecological dataspanning the whole of the BrazilianAmazon to examine the extent to whichland clearing promotes economicactivity and growth and at whatecological cost. Their assessment of thecosts and benefits of deforestation inthe world’s largest rainforest haveimportant policy implications and will beessential reading for all environmentaland development economists, ecologistsand policy-makers.

2002 228 x 152 mm 282pp 2 half-tones60 tables 22 figures 1 map0 521 81197 X Hardback £45.00

Biodiversity,Sustainability andHuman CommunitiesProtecting Beyond the ProtectedEdited by Tim O’RiordanUniversity of East Anglia

and Susanne Stoll-KleemannPotsdam Institute for Climate Impact Research

Biodiversity loss and possible remediesare subject to much debate. Biodiversity,Sustainability and Human Communitiesadvocates preservation through a mix ofstrict protection, inclusive involvementof people, and the combination oflivelihoods and social well-being inbiodiversity management. Case studiesare examined with insights frompolitical scientists, economists andecologists.

2002 228 x 152 mm 334pp5 line diagrams 1 half-tone 26 tables2 graphs 3 maps0 521 81365 4 Hardback £45.000 521 89052 7 Paperback £16.95

The SkepticalEnvironmentalistMeasuring the Real State of theWorldBjørn LomborgAarhus Universitet, Denmark

A controversial bestseller, The SkepticalEnvironmentalist makes use of the bestavailable statistical information tochallenge the widespread pessimismabout the future of the environment.The arguments are presented in non-technical, accessible language with2500 footnotes allowing readers tocheck sources for themselves.‘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

2001 247 x 174 mm 540pp 9 tables162 graphs0 521 80447 7 Hardback £50.000 521 01068 3 Paperback £18.95

Environmental and Natural Resource Economics

43

JOURNAL

Environment andDevelopmentEconomicsEditor: Charles PerringsUniversity of York

Published in association withthe Beijer Institute of EcologicalEconomics, Royal Swedish Academy ofSciences

This journal is positioned at theintersection of environmental, resourceand development economics. The Editorand Associate Editors, supported bydistinguished panels of advisors fromaround the world aim to encouragesubmissions from researchers in thefield in both developed and developingcountries. The journal is divided into twomain sections, Theory and Applicationswhich includes regular academic papers,and Policy Options, which includespapers that may be of interest to thewider policy community.Subscriptions

Volume 9 in 2004: February, April, June,August, October and DecemberInstitutions print and online: £165/$246Institutions online only: £139/$210Institutions print only: £146/$223Individuals print only: £46/$69Individuals in low-income countries: £25International Society for Ecological Economics,European Society for Ecological Economics,Association of Environmental and ResourceEconomists, European Association ofEnvironmental and Resource Economists,African Studies Association: £36/$52The following receive a subscription as part oftheir society/organization membership: BeijerInstitute.Print ISSN 1355-770XElectronic ISSN 1469-4395

RegionalEconomics

TEXTBOOK

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

Harry GarretsenKatholieke Universiteit Nijmegen, TheNetherlands

and Charles van Marrewijk

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.

2001 247 x 174 mm 374pp 48 tables89 figures0 521 77039 4 Hardback £65.000 521 77967 7 Paperback £23.95

Environmental and Natural Resource Economics/Regional Economics


44

Author andTitle Index

AAbadir, Karim M......................................4Abstracts of Working Papers in

Economics ...........................................1Advances in Economics and Econometrics6Agriculture and the New Trade Agenda .15Alternatives for Welfare Policy...............25Altig, David E........................................20Altug, Sumru ........................................12Amatori, Franco ....................................36Analysis of Panel Data ............................6Andersen, Lykke E.................................42Andersen, Torben M..............................25Angeloni, Ignazio..................................13Antitrust Law........................................26Applied Environmental Economics.........42Applied Time Series Econometrics............5Appointing Central Bankers ..................24Apt, Krzysztof .........................................7Armitage, Seth......................................18Aslund, Anders .....................................40Assumption-Based Planning..................32Asymmetric Information in Financial

Markets .............................................20Asymptotic Statistics ...............................8Auctioning Public Assets .......................11Australia's Money Mandarins................13

BBalderston, Theo ...................................34Baldwin, John R....................................29Barendregt, Aat ....................................41Barker, George......................................17Barnett, William A.................................14Barr, Nicholas .......................................21Bateman, Ian J......................................42Baz, Jamil .............................................18Bebczuk, Ricardo ..................................20Beetsma, Roel.......................................13Bell, Stephen ........................................13Benvenisti, Eyal.....................................27Bevir, Mark ...........................................35Bidard, Christian .....................................2Big End of Town, The ............................35Biodiversity, Sustainability and

Human Communities..........................42Blackhurst, Richard ...............................17Blyth, Mark...........................................37Boix, Carles ..........................................24Bouchaud, Jean-Philippe .......................19Bovens , Luc ...........................................3Box-Steffensmeier, Janet M. ...................9Boyd, Stephen ........................................6Brainard, Julii S. ....................................42Brakman, Steven.............................14, 43Brennan, Geoffrey...................................3Bresnahan, Timothy...............................38Breton, Albert .......................................23Brooks, Chris ........................................19Brousseau, Eric .....................................28Brown, J. R. .........................................25Bruzelius, Nils .......................................32Building a Dynamic Europe ...................21Building Capitalism...............................40Building High-Tech Clusters ..................38

Bulmer-Thomas, Victor ..........................35Business and Politics in Europe,

1900–1970 .......................................36Business History around the World ........36Bussani, Mauro.....................................27Buti, Marco...........................................14Byman, Daniel L....................................22Byrne, Joseph P. ....................................14

CC++ Design Patterns and Derivatives

Pricing .................................................6Cambridge Economic History of

Modern Britain, The............................33Cammack, Paul.....................................39Campbell, Bruce ...................................42Capital Budgeting.................................19Carroll, R. J. ............................................7Cass, Deborah Z....................................17Cassis, Youssef......................................37Chacko, George ....................................18Chadha, Jagjit S. ...................................12Chamley, Christophe P. .........................12Champ, Bruce .......................................13Chang, Fwu-Ranq ...................................9Chang, Kelly H. .....................................24Chang, Sea-Jin......................................16Changing Face of Central Banking, The .20Chesher, Andrew.....................................6China and the World Trading System .....17China Quarterly, The .............................39Clapham, Christopher ...........................40Clark, Lindie .........................................32Clarke, Frank.........................................31Clawson, James G.................................30Common, Michael.................................41Competition Policy ................................10Computation and Complexity in

Economic Behavior and Organization ...9Concepts and Practice of Mathematical

Finance, The.......................................19Concise Introduction to Econometrics, A..3Conner, Marcia L...................................30Conrad, Jon M. .....................................41Consumerism in Twentieth-Century

Britain ...............................................33Convex Optimization...............................6Corak, Miles .........................................22Corporate Collapse ...............................31Corporate Entrepreneurship ..................31Corporate Environmentalism and

Public Policy.......................................23Corporate Insolvency Law .....................26Cost of Capital, The ..............................18Course in Financial Calculus, A..............19Course in Public Economics, A...............21Cramer, J. S. ............................................9Creating a Learning Culture ..................30Cutler, A. Claire.....................................25Czako, Judith ........................................16

DDabbah, Maher M. ...............................16Data Envelopment Analysis .....................9Davies, Paul ..........................................28Davis, Diane E.......................................38Davis, E. Philip ......................................14Davison, A. C. .........................................7Day, Richard H. .....................................39Dayananda, Don ...................................19

de Bijl, Paul ..........................................29de la Croix, David .................................39de la Escosura, Leandro Prados .............34de la Fuente, Angel .................................8De Rond, Mark .....................................31Dean, Graeme ......................................31Decision Making using Game Theory.....31della Paolera, Gerardo...........................35Democracy and Redistribution...............24Democratic Distributive Justice ..............24Designing Inclusion...............................29Deutch, John M. .....................................1Dewar, James A. ...................................32Dewatripont, Mathias .............................6Dictionary of Trade Policy Terms.............16Dietzenbacher, Erik .................................2Dijk, Dick van .........................................3Discipline and Development ..................38Discrete Choice Methods with

Simulation ...........................................7Dispute Settlement in the World

Trade Organization.............................15Divergent Dynamics of Economic

Growth, The .......................................39Doha and Beyond .................................15Dopfer, Kurt ............................................2Dormois, Jean-Pierre .............................33Dow, Gregory K. ...................................29Dowrick, Stephen..................................13Drucker, Peter F. ....................................31Dunkerley, James ..................................39Dynamic Macroeconomic Analysis .........12Dynamics of Coercion, The ....................22Dynamics of Deforestation and

Economic Growth in the BrazilianAmazon, The......................................42

Dynamics of Markets ............................20

EEasterlin, Richard A...............................35Eastern European Capitalism in the

Making ..............................................25Ebrahim, Alnoor ....................................31Eckes, Jr, Alfred E. .................................36Ecological Economics ............................41Ecological Inference ..............................23Econometric Analysis of Seasonal Time

Series, The............................................5Econometric Foundations ........................3Econometric Models, I.............................4Econometric Theory...............................10Econometrics of Qualitative Dependent

Variables..............................................5Economic Concepts for the

Social Sciences.....................................1Economic Dynamics ................................7Economic Growth and Macroeconomic

Dynamics ...........................................13Economic History of Latin America

since Independence, The.....................35Economic Policy in the International

Economy............................................17Economic Theory and Global Warming...42Economic Transition in Central and

Eastern Europe ..................................40Economics and Philosophy ......................3Economics and Politics in the Weimar

Republic ............................................34Economics and the Theory of Games .....11Economics of Agglomeration...................1Economics of Contracts, The..................28

Author and Title Index

45

Economics of Exchange Rates, The ........12Economics of Network Industries, The ...28Economics of Overtime Working, The.....28Economics of Self-Employment and

Entrepreneurship, The.........................28Elementary Introduction to

Mathematical Finance, An .................20

El Sheikh, Fath El Rahman Abdalla ........27Emergence of Entrepreneurship

Policy, The ..........................................39Empirical Modeling in Economics ............4Employment Policy and the Regulation

of Part-time Work in the European Union ...............................................28

Engerman, Stanley L. ............................36Entertainment Industry Economics.........17Environment and Development

Economics .........................................43Escape from Hunger and Premature

Death, 1700-2100, The ......................34Essays in Econometrics............................6Essays in Panel Data Econometrics ..........9Etheridge, Alison...................................19European Integration, 1950–2003 ........33European Miracle, The...........................36European Review of Economic History...37Event History Modeling...........................9Evolution and Procedures in Central

Banking .............................................20Evolutionary Foundations of Economics,

The ......................................................2Exceptionalism and Industrialisation......34Experience of Middle Australia, The .......25

FFact and Fiction in Economics .................2Faith, Ron.............................................31Fattore, Toby .........................................25Favero, Carlo ........................................13Federico, Giovanni ................................37Feinstein, Charles H. .............................34Finance, Intermediaries, and Economic

Development .....................................36Financial Crisis and Transformation of

Korean Business Groups.....................16Financial Derivatives .............................18Financial History Review .......................37Financial Structure ................................14Finch, Vanessa ......................................26Finding a Common Interest...................32Flandreau, Marc....................................36Flemming, Grant ...................................35Fleurbaey, Marc ......................................3Floud, Roderick.....................................33Flyvbjerg, Bent ......................................32Fogel, Robert William............................34Force, Pierre..........................................36Frankel, Jeffery A...................................12Franses, Philip Hans ..........................3, 30Free Market Democracy and the

Chilean and Mexican Countryside ......23Freedland, Mark....................................28Freeman, Scott......................................13Fremdling, Rainer..................................37French Economy in the Twentieth

Century, The.......................................33From Mao to Market.............................40Fujita, Masahisa .....................................1Future of the Global Automobile

Industry, The ......................................30

Future of U.S. Capitalism, The................40

GGaleotti, Gianluigi.................................23Gambardella, Alfonso............................38Gambling in America ............................15Garretsen, Harry ...................................43Gatignon, Hubert ..................................29Generational Income Mobility in

North America and Europe .................22Genes and Insurance ............................16Ghysels, Eric .......................................5, 6Gilbert, Alison J.....................................41Gilbert, Christopher L............................16Gilboa, Itzhak .......................................11Gillingham, John...................................33Giovannetti, Emanuele ..........................29Gittins, Ross .........................................15Glachant, Jean-Michel...........................28Global Capital Markets .........................35Global Civil Society? .............................25Globalization and the American

Century..............................................36Globalization and the Poor ...................25Goode, Walter.......................................16Gordon, Robert J...................................13Gourieroux, Christian ..............................5Gourvish, Terry ......................................36Governing the Firm...............................29Granger, Clive W. J. .......................4, 6, 42Graziani, Augusto .................................14Great Transformations...........................37Greenwald, Bruce .................................14Greve, Henrich R...................................31Grinols, Earl L. ......................................15Grootaert, Christiaan ............................39Gros, Daniel..........................................40Grossbard-Shechtman, Shoshana A. ......12Grote, Rainer ........................................27Gual, Jordi ............................................21Gugler, Josef .........................................38

HHaber, Stephen H..................................24Haberman, Steven ................................25Handbook for Academic Authors .............1Handbook on Anti-Dumping

Investigations, A.................................16Handler, Joel F.......................................27Hands, D. Wade ......................................3Hanel, Petr............................................29Hansen, Lars Peter ..................................6Harcourt, Geoff.......................................4Harrison, Steve .....................................19Hart, David M. ......................................39Hart, Jeffrey A. ......................................28Hart, Robert A. .....................................28Harvey, Andrew.......................................9Heijdra, Ben J........................................14Heijmans, Risto D. H. ..............................4Helpman, Elhanan ................................17Heracleous, Loizos ................................30Herbohn, John ......................................19Higham, Desmond ................................18Hillman, Arye L. ....................................21Hilton, Matthew ...................................33Hirsch, Moshe.......................................27Hoffman, Philip T...................................36Holding China Together ........................22Holtfrerich, Carl-Ludwig ........................36

Horn, Henrik .........................................16How Australia Compares.......................15Hsiao, Cheng ..........................................6Huang, Yasheng....................................17Huff, Anne ............................................31Hughes Parry, Trevor................................2Human, Johann ....................................16Hylton, Keith N. ....................................26

IIankova, Elena A. ..................................25IMF and its Critics, The..........................16Impact of International Law on

International Cooperation, The ...........27Information Efficiency in Gambling

Markets .............................................11Ingco, Merlinda.....................................15Innovation and Knowledge Creation

in an Open Economy..........................29INSEAD-Wharton Alliance on

Globalizing, The .................................29International Business Risk ...................32International Financial Governance

under Stress.......................................17International Financial History in the

Twentieth Century..............................36International Law from Below ...............27Internationalisation of Antitrust

Policy, The ..........................................16Internet Revolution, The ........................29Introduction to the Dynamics of

Economic and Social Development .....38Introduction to Economic Dynamics, An ..8Introduction to Financial Option

Valuation, An ....................................18Introduction to Geographical

Economics, An....................................43Introductory Econometrics for Finance...19Investing in Human Capital ...................21Irons, Richard........................................19

JJackson, Matthew...................................6James, Harold .......................................36Janssen, Maarten C. W. .........................11Jarvis, Darryl S. L. ..................................32Johnson, Paul .......................................33Jones, Bradford S. ...................................9Jones, Eric.............................................36Jones, Geoffrey .....................................36Joshi, Mark .......................................6, 19Journal of Advertising Research.............32Journal of Economic History, The ...........37Journal of Latin American Studies .........39Journal of Modern African Studies, The..40Journal of Pension Economics and

Finance..............................................25Journal of Public Policy .........................26Judge, George G. ....................................3Juth, Niklas...........................................16

KKagami, Mitsuhiro ................................29Kashyap, Anil ........................................13Kato, Junko...........................................24Keane, John ..........................................25Kelly, Anthony .......................................31Keuzenkamp, Hugo A..............................4Kieninger, Eva-Maria .............................27Kim, In-Moo ...........................................5



46

Kimberly, John ......................................29King, Gary ............................................23Klassen, Paul B. ......................................5Knick Harley, C. ....................................37Kolm, Serge-Christophe.........................22Koopman, Siem Jan ................................9Koppell, Jonathan G. S. .........................24Koremenos, Barbara..............................23Kover, Arthur J.......................................32Kraetzig, Markus.....................................5Kumbhakar, Subal C................................4Kurtz, Marcus J. ....................................23

LLaffont, Jean-Jacques............................38Lahiri, Sajal...........................................16Lahr, Michael L. ......................................2Landes, David S. ...................................34Law in a Market Context ......................26Leach, John ..........................................21Legal Regime of Foreign Private

Investment in Sudan and Saudi Arabia, The ........................................27

LeRoy, Stephen F. ..................................20Lester, Richard K. ....................................1Lieberman, Evan S.................................24Lines, Marji .............................................8Lipson, Charles .....................................23Logit Models from Economics and

Other Fields .........................................9Lomborg, Bjørn.....................................42Lovell, C. A. Knox ....................................4Lovett, Andrew A. .................................42Luetkepohl, Helmut.................................5Luey, Beth...............................................1Lyon, Thomas P. ....................................23

MMachine Dreams.....................................1Macroeconomic Dynamics.....................14Macroeconomics in Emerging Markets ..15Macrojustice .........................................22Maddala, G. S. ........................................5Magnus, Jan ...........................................4Mahadeva, Lavan..................................14Mäki, Uskali ...........................................2Making History Count ...........................34Making Technology Work ........................1Malerba, Franco....................................28Malloy, Robin Paul ................................26Management Decision Making..............30Mandle, Jay R. ......................................25Marauhn, Thilo......................................27Mares, Isabela ......................................24Markets in Historical Contexts...............35Marriage and the Economy ...................12Mathematical Methods and Models

for Economists .....................................8Matis, Herbert.......................................36Matrix Algebra........................................4Matrix Calculus and Zero-One

Matrices ............................................10Maurer, Noel.........................................24Mavroidis, Petros C. ........................15, 16Maxton, Graeme P. ...............................30Maxwell, John W...................................23McAleer, Michael ....................................4McCauley, Joseph .................................20Medio, Alfredo ........................................8Megaprojects and Risk..........................32

Merrett, David ......................................35Meyer, Marshall W. ...............................32Michel, Philippe ....................................39Milevsky, Moshe ...................................25Milgrom, Paul .......................................10Miller, Douglas J......................................3Mincer, Jacob........................................12Miranda, Jorge......................................16Mirowski, Philip ......................................1Missale, Alessandro...............................13Mittelhammer, Ron C. .............................3Modeling Monetary Economies .............13Modigliani, Franco ................................20Mojon, Benoît.......................................13Molander, Per .......................................25Monahan, George E..............................30Monetary and Fiscal Policies in EMU .....14Monetary Policy, Fiscal Policies and

Labour Markets..................................13Monetary Policy Transmission in the

Euro Area ..........................................13Monetary Theory of Production, The ......14Monetary Transmission in Diverse

Economies .........................................14Monopolistic Competition Revolution

in Retrospect, The ..............................14Montiel, Peter J.....................................15Moore, Mike ...................................15, 17Motta, Massimo ...................................10Mount, Kenneth R...................................9Moving Money .....................................25Mueller, Dennis C..................................22Muralidhar, Arun ...................................20Muscatelli, Anton..................................13

NNatale, Piergiovanna.............................13Nation, State, and the Economy in

History ...............................................36Naughton, Barry ...................................22Nerlove, Marc .........................................9New Economic History of Argentina, A ..35New Frontiers in Economics ....................1NGOs and Organizational Change ........31Nolan, Charles ......................................12Non-Linear Time Series Models in

Empirical Finance .................................3Nonlinear Dynamics ................................8

OO'Riain, Sean........................................23O'Riordan, Tim......................................42O’Rourke, Kevin H.................................37Obstfeld, Maurice .................................35Oliver, Kyle............................................31Ono, Yoshiyasu......................................16Open Corporation, The..........................32Organizational Learning from

Performance Feedback .......................31Ormrod, David ......................................37Orren, Karen.........................................22Orszag, J. Michael ................................25Osborn, Denise R. ...................................5

PPaap, Richard........................................30Palacios Lleras, Miguel ..........................21Palm, Franz C..........................................3Palmer, Vernon Calentine ......................27Palmeter, David.....................................15

Parker, Christine....................................32Parker, Simon C.....................................28Paruolo, Paolo.........................................4Peitz, Martin .........................................29Performance and Rewards

Management .....................................30Perrings, Charles ...................................43Phelps, Edmund S. ................................29Phillips, Peter C. B. ........................4, 5, 10Pitchford, Rohan ...................................13Politics of High Tech Growth, The ..........23Politics of Property Rights, The...............24Politics of Quasi-Government, The .........24Politics of Social Risk, The .....................24Pollard, David .........................................8Postwar Migration Patterns in

Southern Europe, 1950–2000 ............40Potters, Marc ........................................19Prices, Reproduction, Scarcity ..................2Principles of Constraint Programming......7Principles of Financial Economics ..........20Principles of International

Environmental Law ............................41Private Power and Global Authority.......25Private Power, Public Law......................27Probability in the Engineering and

Informational Sciences .......................10Productivity Growth, Inflation, and

Unemployment ..................................13Pryor, Frederic L. ...................................40Przeworski, Adam .................................24Public Choice III ....................................22Public Debt and the Birth of the

Democratic State................................25Public Finance and Public Policy ............21Pullen, John............................................2Pure Economic Loss in Europe...............27Pusey, Michael......................................25Putting Auction Theory to Work.............10Puttnam, Robert ...................................39

QQuantitative Models in Marketing

Research............................................30

RRace and Regionalism in the Politics of

Taxation in Brazil and South Africa .....24Radetzki, Marcus ..................................16Radetzki, Marian ..................................16Rajagopal, Balakrishnan........................27Ramrattan, Lall .......................................1Rational Design of International

Institutions, The..................................23Rational Foundations of Democratic

Politics ...............................................23Rational Herds......................................12Ray, Subhash C. ......................................9Razo, Armando .....................................24Reaching the Interactive Customer ........31Reflection without Rules .........................3Regressive Taxation and the Welfare

State..................................................24Regulation and Development ................38Regulation and Entry into

Telecommunications Markets..............29Regulation of International Financial

Markets, The ......................................27Reis, Eustaquio J. ..................................42Reiter, Stanley.........................................9


47

Reluctant Economist, The ......................35Resource Economics .............................41Rethinking Pension Reform ...................20Rethinking Performance Measurement ..32Rise of Commercial Empires, The ...........37Risk and Reason .....................................1Role of Social Capital in

Development, The ..............................39Rose, Richard........................................26Rosen, Ori.............................................23Rosenthal, Jean-Laurent........................36Ross, Duncan M....................................37Ross, Sheldon M. ............................10, 20Rothengatter, Werner ............................32Rowland, Patrick...................................19Ruppert, David........................................7Russia's Economic Transitions................37

SSadka, Efraim .......................................17Salmon, Pierre ......................................23Sandler, Todd ..........................................1Sands, Philippe .....................................41Sarno, Lucio..........................................12Sathe, Vijay ...........................................31Satisficing Games and Decision

Making ..............................................31Sauer, Jr., Raymond D............................11Sayer, Jeffrey.........................................42Schmeidler, David..................................11Sciarra, Silvana .....................................28Science of Sustainable Development,

The ....................................................42Search for American Political

Development, The ..............................22Sectoral Systems of Innovation..............28Security Rights in Movable Property in

European Private Law ........................27Self-Interest before Adam Smith............36Sell, Susan K.........................................27Selling China ........................................17Semiparametric Regression .....................7Semiparametric Regression for the

Applied Econometrician........................5Shephard, Neil ........................................9Shields, John.........................................30Shone, Ronald ....................................7, 8Shy, Oz .................................................28Sieder, Rachel .......................................39Siklos, Pierre L. .....................................20Simplicity, Inference and Modelling .........4Sinclair, Peter ........................................14Skeptical Environmentalist, The .............42Skowronek, Stephen .............................22Smith, Bruce D......................................20Smith, Richard J ......................................5Snidal, Duncan J. ..................................23Social Choice and the Mathematics of

Manipulation .....................................22Social Citizenship and Workfare in the

United States and Western Europe .....27Sokoloff, Kenneth L. ..............................36Solow, Robert M. ..................................13Spatial Ecological-Economic Analysis

for Wetland Management ..................41Spulber, Nicolas ....................................37Stasavage, David...................................25State Space and Unobserved

Component Models..............................9States and Markets ...............................24States in the Global Economy ...............17

Statistical Models ...................................7Statistics.................................................4Statistics, Econometrics and Forecasting ..5Steinherr, Alfred ....................................40Stiglitz, Joseph......................................14Stirling, Wynn C. ...................................31Stochastic Frontier Analysis .....................4Stochastic Optimization in Continuous

Time ....................................................9Stoll-Kleemann, Susanne.......................42Strategic Alliances as Social Facts..........31Strategy and Organization ....................30Strauss, Julia .........................................39Structural Econometric Time Series

Analysis Approach, The.........................3Sunstein, Cass R. ....................................1Swanson, Norman R. ..............................6Szenberg, Michael ..................................1Szirmai, Adam.......................................38

TT. R. Malthus...........................................2Tanner, Martin ......................................23Taylor, Alan D........................................22Taylor, Alan M.......................................35Taylor, Mark P. ......................................12Technology, Television and

Competition.......................................28Teichova, Alice ......................................36Theory of Case-Based Decisions, A ........11Theory of Economic Growth, A ..............39Theory of Financial Risk and Derivative

Pricing ...............................................19Thisse, Jacques-Francois ..........................1Thomas, Mark.......................................34Tiffen, Rod............................................15Tirelli, Patrizio .......................................13Tomsen, Mai-lan ...................................31Towards a New Paradigm in Monetary

Economics .........................................14Trade and Industrial Policy under

International Oligopoly.......................16Train, Kenneth E......................................7Trentmann, Frank ..................................35Tsuji, Masatsugu...................................29Turkington, Darrell A. ............................10Turnbull, Nick .......................................25Turnovsky, Stephen J. ........................6, 13

UUnbound Prometheus, The ....................34Underhill, Geoffrey R. D. .......................17Unit Roots, Cointegration, and

Structural Change ................................5User's Guide to Measure Theoretic

Probability, A........................................8Uzawa, Hirofumi ...................................42

VVallentyne, Peter .....................................3van Bastelaer, Thierry ............................39van den Bergh, Jeroen C. J. M. ..............41van der Vaart, A. W. ................................8van Marrewijk, Charles .........................43van Soest, Arthur ....................................4Vandenberghe, Lieven.............................6Vaughan-Williams, Leighton..................11Vega-Redondo, Fernando ......................11Venturini, Alessandra ............................40Verbeek, Marno ......................................4

Verdier, Daniel ......................................25Ville, Simon...........................................35Vines, David..........................................16Vogel, Harold L. ....................................17

WWand, M. P. ............................................7Wassily Leontief and Input-Output

Economics ...........................................2Watson, Mark W. ....................................6Waxman, Matthew C. ...........................22Weale, Martin .........................................4Wedeman, Andrew H. ...........................40Weighing the Odds.................................8Weiman, David .....................................37Weinhold, Diana ...................................42Weiss, Linda .........................................17Werner, Jan...........................................20White, Halbert ........................................1Williams, Brett G...................................17Williams, David .......................................8Wilson, Shaun ......................................25Winters, L. Alan ....................................15Wintrobe, Ronald..................................23World Cities Beyond the West ...............38World Trade Review ..............................17World Without Walls, A .........................17Wormald, John .....................................30Wright, Gavin ......................................37WTO Case Law of 2001, The.................16Wunder, Sven........................................42

YYang, Dali .............................................22Yatchew, Adonis .....................................5

ZZeiler, Thomas W. ..................................36Zellner, Arnold.................................3, 4, 5Zhang, Xiaoke ......................................17Zucker, Ross..........................................24



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