Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of this discipline. The topics covered in the book include: agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect, on decision making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries. This unique volume will be useful across various subdisciplines within economics, including microeconomic theory, behavioral economics, heterodox and institutional approaches to economics, and the history of thought.
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