The Beginnings of Behavioral Economics Katona Simon and Leibenstein s X Efficiency Theory Perspectives in Behavioral Economics and the Economics of Behavior 1st Edition by Roger Frantz – Ebook PDF Instant Download/Delivery: 0128152893, 9780128152898
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ISBN 10: 0128152893
ISBN 13: 9780128152898
Author: Roger Frantz
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.
- 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 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
The Beginnings of Behavioral Economics Katona Simon and Leibenstein s X Efficiency Theory Perspectives in Behavioral Economics and the Economics of Behavior 1st Table of contents:
1: Introduction
Abstract
I What this book is about and what it is not about
II Two beginnings, one door
III Leibenstein’s writings, 1950–66
IV Empirical studies on X-efficiency
2: Two beginnings
Abstract
I The door
II Homo economicus
III Behavioral economics. What is it?
IV Final comments on this chapter and looking ahead to Chapter 3
3: The “Big 3.” Simon, Katona, Leibenstein
Abstract
I Herbert A. Simon
II George Katona
III Harvey Leibenstein
IV Behavioral economics or speculation?
V Final comments on this chapter, and looking ahead to Chapter 4
4: It didn’t just happen overnight
Abstract
I Gabriel Tarde
II James March
III Richard Nelson and Sidney Winter
IV Kenneth Boulding
V James Duesenberry
VI Reinhard Selten
VII G.L.S. Shackle. The paradox of rationality
VIII Tibor Scitovsky
IX Final comments on this chapter, and looking ahead to chapters
Appendix: Full rationality and the new behavioral economics
5: Leibenstein before X-efficiency theory
Abstract
I Efficiency wages
II Similarities in Akerlof’s and Leibenstein’s behavioral economics
III Social preferences. The psychology and sociology of demand
IV The nature of human knowledge
V Organizational analysis and economic theory
VI Final comments on Chapter 6, and looking ahead to Chapter 6
6: X-efficiency. An intervening variable
Abstract
I In the beginning…
II X vs. allocative efficiency
III Final comments on this chapter, and looking ahead to Chapter 7
Appendix: Dual-selves, herding, gift exchange, framing and the new behavioral economics
7: Empirical research on XE: c.1967–1990
Abstract
I Some issues surrounding X-efficiency
II Early studies on X-efficiency using questionnaires and/or interviews
III Early studies not using questionnaires and/or interviews
IV Ownership form
V Protection
VI Level of competition
VII Government (regulations)
VIII Management
IX Final comments on this chapter, and looking ahead to Chapter 8
8: XE among US financial institutions: c.1991–2017
Abstract
I Parametric and non-parametric approaches
II Frontier analysis
III Bank studies
IV Non-bank studies
V Final comments on this chapter, and looking ahead to Chapter 9
9: XE among financial firms in Asia: c.1991–2017
Abstract
I China
II Korea and Japan
III Other Asian nations
IV Final comments on this chapter, and looking ahead to Chapter 10
10: XE among Asian non-financial institutions: c.1991–2017
Abstract
I China
II Taiwan
III India
IV Indonesia
V Final comments on this chapter, and looking ahead to Chapters 11 and 12
11: XE in Europe: c.1991–2017
Abstract
I Eastern Europe and post-communist
II EU members
III Individual nations
12: XE in Australia and New Zealand, Latin America, the Middle East, Africa, and the world: c.1991–2017
Abstract
I XE in Australia and New Zealand
II XE in Latin America
III XE in Middle East and Africa
13: Conclusions
Abstract
I Two beginnings and the door
II Homo economicus
III Overlaps between the first and other generations
IV X-efficiency theory
V Leibenstein and the empirical studies of X-efficiency theory
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Roger Frantz,Behavioral Economics,Katona Simon,Leibenstein s X Efficiency



