A newly emerged field within economics, known as geographical economics claims to have provided a unified approach to the study of spatial agglomerations at different spatial scales by showing how these can be traced back to the same basic economic mechanisms. We analyze this contemporary episode of explanatory unification in relation to major philosophical accounts of unification. In particula...

Three processes related to the information economy have been unfolding concurrently, each according to its own dynamics and speed. A series of alternative conceptualizations of the information economy has emerged. The subfield of the economics of information is coalescing out of the merging and expansion of several strands of work in the literatures of economics. And empirical developments incl...

Modern development economics emerged with the realization that poverty changes the set of options available to individuals. Poverty thus affects behavior, even if the decision maker is “neo-classical”: unboundedly rational, forward-looking, and internally consistent. The “homo economicus” at the core of neo-classical economics (“calculating, unemotional maximizer”, (Mullainathan and Thaler, 200...

This paper examines critically the contributions of Cournot, Jevons and Walras as the founders of classical mathematical economics from a methodological standpoint. Advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

Two broad strands of literature have emerged as particularly central to organizational strategy and the theory of the firm: organizational economics and the capability (or resource-based) literature. While organizational economics highlights organizational efficiency and has clear implications for the organization of transactions, it has been criticized for saying very little about organization...

reviewing, endorsing or planning coursework/other institutional needs. You may store and print the file and share it with others helping you with the specified purpose, but under no circumstances may the file be distributed or otherwise made accessible to any other third parties without the express prior permission of Palgrave Macmillan. Please contact [email protected] if you have any querie...

We detail the basic theory for regression models in which dependent variables are censored or underlying distributions are truncated. The model is extended to models for counts, sample selection models, and models hazard models for duration data. Entry level theory is presented for the practitioner. We then describe a few of the recent, frontier developments in theory and practice. To appear as...