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portada The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory (Perspectives in Behavioral Economics and the Economics of Behavior)
Type
Physical Book
Publisher
Author
Year
2019
Language
English
Pages
254
Format
Paperback
ISBN13
9780128152898
Edition No.
1

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory (Perspectives in Behavioral Economics and the Economics of Behavior)

Roger Frantz (Author) · Academic Press · Paperback

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory (Perspectives in Behavioral Economics and the Economics of Behavior) - Roger Frantz

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Synopsis "The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory (Perspectives in Behavioral Economics and the Economics of Behavior) "

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 theoryAmalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theoryEstablishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages

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