The Beginnings of Behavioral Economics: Katona, Simon, and Leibensteins X-Efficiency Theory

The Beginnings of Behavioral Economics explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking1974 and 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 particularly on the work of Leibenstein, reviewing his nuanced and powerful introduction of X-efficiency theory. Building from these foundations, the work explores the considerable but neglected body of empirical research on market power and firm behaviour - XE relationship. The Beginnings of Behavioral Economics is a tremendous resource intended for the use of graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics, and public policy. . Reviews the powerful but neglected contributions of mid-20th century scholars like Leibenstein and Katona in building the roots of behavioral economic theory . Amalgamates and reviews almost 50 years of empirical research, and over 200 empirical papers on X-efficiency theory . Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory, and understanding efficiency wages INDICE: 1. Leibenstein's Deviation from Neoclassical Theory prior to X-Efficiency Theory 2. X-Efficiency Theory 3. Empirical Research 1967-1990 4. Empirical Research 1991-20018 5. Harvey Leibenstein as a First Generation Behavioral Economist

• ISBN: 978-0-12-815289-8
• Editorial: Academic Press
• Encuadernacion: Rústica
• Páginas: 256
• Fecha Publicación: 01/09/2019
• Nº Volúmenes: 1
• Idioma: Inglés