The Beginnings of Behavioral Economics
Katona, Simon, and Leibenstein's X-Efficiency Theory
Series: Perspectives in Behavioral Economics and the Economics of Behavior;
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Product details:
- Publisher Elsevier Science
- Date of Publication 24 September 2019
- ISBN 9780128152898
- Binding Paperback
- No. of pages258 pages
- Size 229x152 mm
- Weight 390 g
- Language English 0
Categories
Long description:
The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior - XE relationship.
This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy.
MoreTable of Contents:
"1. Introduction2. Two beginnings3. The ""Big 3.- Simon, Katona, Leibenstein4. It didn't just happen overnight5. Leibenstein before X-efficiency theory6. X-efficiency. An intervening variable7. Empirical research on XE: c.1967-19908. XE among US financial institutions9. XE among financial firms in Asia10. XE among Asian non-financial institutions11. XE in Europe12. XE in Australia and New Zealand, Latin America, the Middle East, Africa, and the world13. Conclusions"
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