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A Life of Experimental Economics, V..., Smith, Vernon L
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eBay item number:305496215956
Item specifics
- Condition
- Title
- A Life of Experimental Economics, Volume II: The Next Fifty Ye...
- Book Title
- A Life of Experimental Economics, Volume II: The Next Fifty Ye...
- ISBN
- 3319984241
- EAN
- 9783319984247
- Binding
- Paperback / softback
- Genre
- Economics
- Height
- 16.00
- Length
- 231.90
- Width
- 155.96
- Release Title
- A Life of Experimental Economics, Volume II: The Next Fifty Ye...
- Artist
- Smith, Vernon L.
- Brand
- N/A
- Colour
- N/A
- Publication Year
- 2018
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- A Life of Experimental Economics, Volume Ii: the Next Fifty Years
- Item Height
- 235mm
- Publisher
- Springer International Publishing A&G
- Item Width
- 155mm
- Subject
- Economics
- Item Weight
- 409g
- Number of Pages
- 243 Pages
About this product
Product Information
This sequel to A Life of Experimental Economics, Volume I, continues the intimate history of Vernon Smith's personal and professional maturation after a dozen years at Purdue. The scene now shifts to twenty-six transformative years at the University of Arizona, then to George Mason University, and his recognition by the Nobel Prize Committee in 2002. The book ends with his most recent decade at Chapman University. At Arizona Vernon and his students studied asset trading markets and learned how wrong it had been to suppose that price bubbles could not occur where markets were full-information transparent. Their work in computerization of the lab facilitated very complex supply and demand experiments in natural gas pipeline, communication and electricity markets that paved the way for implementing, through decentralized market processes, the liberalization of industries traditionally believed to be natural monopolies. The Smart Computer Assisted Market was born. Smith's move to George Mason University greatly facilitated government and industry work in tandem with various public and private entities, whereas his relocation to Chapman University coincided with the Great Recession, whose similarity with the Depression was evident in his research. There he integrated two fundamental kinds of markets with laboratory experiments: Consumer non-durables, the supply and demand for which was stable in the lab and in the economy, and durable assets whose bubble tendencies made them unstable in the lab as well as in the economy-witness the great housing-mortgage market bubble run-up of 1997-2007. This book's conversational style and emphasis on the backstory of published research accomplishments allows readers an exclusive peak into how and why economists pursue their work. It's a must-read for those interested in experimental economics, the housing crisis, and economic history.
Product Identifiers
Publisher
Springer International Publishing A&G
ISBN-13
9783319984247
eBay Product ID (ePID)
10046612670
Product Key Features
Publication Name
A Life of Experimental Economics, Volume Ii: the Next Fifty Years
Format
Paperback
Language
English
Subject
Economics
Publication Year
2018
Type
Textbook
Number of Pages
243 Pages
Dimensions
Item Height
235mm
Item Width
155mm
Item Weight
409g
Additional Product Features
Country/Region of Manufacture
Switzerland
Item description from the seller
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WORLD OF BOOKS LIMITED
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- EL 996857788
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- FR 27823676960
- GB 922696893
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