Financial policies in emerging markets

The 1994-1995 Mexican crisis was the first in a succession of financial crises to hit emerging markets in Thailand, Indonesia, Malaysia, South Korea, Russia, Brazil, Argentina and Turkey. In almost all these cases, problems in the banking sector played a key role. Any analysis of ...

Applied computational economics and finance

Cost proxy models and telecommunications policy

a new empirical approach to regulation

The telecommunications industry defies easy characterization. The long- distance sector is highly competitive and the local exchange sector much less so, while digital transmission and switching have blurred the distinction between traditional voice communication and the transmission of video and data messages. Regulation of this ...

The nature of the farm

Contracts, risk, and organization in agriculture

Going alone

the case for relaxed reciprocity in freeing trade

Technology and the new economy

Media and sovereignty

the global information revolution and its challenge to State Power

Media have been central to government efforts to reinforce sovereignty and define national identity, but globalization is fundamentally altering media practices, institutions, and content. More than the activities of large conglomerates, globalization entails competition among states as well as private entities to dominate the world ...

Applied computational economics and finance

This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of ...

Too sensational

on the choice of exchange rate regimes

Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital ...

Multinational firms and the Theory of International Trade

Despite the great importance of multinational firms in international economics, theoretical and empirical research on these firms has generally been conducted separately from that on international trade. In this book, James Markusen provides a comprehensive integration of the two fields. Drawing on twenty years of ...

Patents, citations, and innovations

a window of the knowledge economy

Taking technical risks

how innovators, executives and investors manage high-tech risks

How do technology innovators, business executives and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death - the gap between demonstrating the soundness of a technical concept in a controlled ...

Real options and investment under uncertainty

classical readings and recent contributions

The study of investment under uncertainty was stagnant for several decades, until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the elusive elements of managerial operating flexibility ...

Oligopoly pricing

old ideas and new tools

The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of ...

The spatial economy

cities, regions and international trade

Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy -- that is, where economic activity occurs and why. Using new tools -- in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth -- this ...

Creative destruction.

Business survival strategies in the global internet economy

Interconnecting the network of networks

Privatization, restructuring and regulation of network utilities

Transition. The first decade

Toward a comparative institutional analysis

Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance ...

Famous first bubbles

the fundamentals of the early manias

The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven ...

Competition in telecommunications

In Competition in Telecommunications, Jean-Jacques Laffont and Jean Tirole analyze regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial organization, political economy, and the economics of incentives. The book opens with background information for the reader who ...