Economics Catalogue 2015

Economics cambridge.org/economics2015

2015

Welcome to the Economics books catalogue 2015.

Here you will find new and forthcoming titles, representing the highest level of academic research from renowned authors. Our highlights this year include an important new textbook on applied nonparametric econometrics by Dan Henderson and Christopher Parmeter, In Choi’s new work on unit roots in our Themes in Modern Econometrics series and Thomas Brewer’s analysis of US responses to climate change in The United States in a Warming World. Other highlights include new editions of several key textbooks, including second editions of Industrial Organization by Paul Belleflamme and Martin Peitz and Principles of Financial Economics by Stephen LeRoy and Jan Werner.

Our publications are available in a variety of formats, including eBooks and print, as well as online collections for institutional purchase via our publishing service University Publishing Online, which incorporates the Cambridge Books Online platform.

We also publish a range of leading Economics journals, including Econometric Theory, Journal of Financial and Quantitative Analysis and Journal of Benefit-Cost Analysis (see back inside page for more information). You can recommend our books, online collections and journals to your librarian by filling out the form at the back of this catalogue.

To see more book listings, product information, preview extracts and reviews, and to find out which conferences we are attending, you can find us online at www.cambridge.org/economics2015.

You can also keep up to date with the latest news and author views from our academic blog at www.cambridgeblog.org/category/economics/.

For queries and suggestions, please consult the list of contacts at the back of this catalogue.

To submit a proposal, please contact our editors: Philip Good (Cambridge): pgood@cambridge.org Karen Maloney (New York): kmaloney@cambridge.org We hope that you enjoy reading about our latest publications.

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Contents

DAniel J. HenDerson CHristopHer F. pArmeter

see page 3

Applied

Nonparametric Econometrics

Econometrics, statistics and mathematical economics

1

Microeconomics

3

Industrial economics

4

Finance

6

International economics

8

Labour economics

9

Macroeconomics and monetary economics

10

Natural resource and environmental economics

10

Economic development and growth

13

see page 3

Public economics and public policy 15 Political economy

see page 4

16

History of economic thought and methodology 18 Economics (general)

20

Also of interest

20

Information on related journals Inside back cover

PRINCIPLES

OF FINANCIAL

see page 10

ECONOMICS SECOND EDITION

Stephen F. LeRoy • Jan Werner

The United States in a

WARMING WORLD The Political Economy of Government, Business, and Public Responses to

Climate Change

THOMAS L. BREWER

see page 17

Featured authors Steven D. Gjerstad, Chapman University, California Vernon L. Smith, Chapman University, California Authors of Rethinking Housing Bubbles Rethinking Housing Bu bbles

Rethinking Housing Bubbles demonstrates that housing and mortgage cycles have had a stronger impact on U.S. economic cycles than any other sector for at least 90 years. We provide evidence that monetary policy works primarily through the mortgage and housing market and that when it fails, that results from dislocations in the housing and mortgage markets. The book concludes

The Role of Household and Bank Balanc e Sheets in Modeling Eco nomic Cycles

Steven D. Gje rstad Vernon L. Sm ith

with international comparisons of alternative policies for recovery.

Paul Belleflamme, Université Catholique de Louvain, Belgium Martin Peitz, Universität Mannheim, Germany Authors of Industrial Organization: Second Edition Industrial Organization: Markets and Strategies is an up-to-date account of modern industrial organization that blends theory with real-world application. This comprehensive textbook acquaints the reader with the most important models to understand strategies chosen by firms with market power and how they are adapted to different market environments. The second edition has been thoroughly revised and updated and includes chapter exercises with solutions.

It is accompanied by a website containing slides and further exercises.

Daniel J. Henderson, University of Alabama Christopher F. Parmeter, University of Miami Authors of Applied Nonparametric Econometrics The goal of this book is to teach applied economists nonparametric methods. We discuss in depth, and in terms of what someone with

DAniel J. HenDerson CHristopHer F. pArmeter

one year of graduate econometrics can understand, basic to advanced

Applied

nonparametric methods. We pay close attention to the issues that arise with

Nonparametric Econometrics

programming, computing speed and application. We believe that this text will make the techniques obtainable to most economists.

Visit www.cambridge.org/authorhub for a range of step-by-step guides for authors

Econometrics, statistics and mathematical economics

Econometrics, statistics and mathematical economics Best-Worst Scaling Theory, Methods and Applications Jordan J. Louviere University of South Australia

Terry N. Flynn University of South Australia

and A. A. J. Marley University of Victoria, British Columbia

This is the first systematic treatment of the theory and application of bestworst scaling (BWS), an emerging methodology in choice experiments.

The three types of best-worst scaling are introduced and explored, and example applications and case studies illustrate how to implement, apply, and analyze the theory across many different disciplines.

2015 247 x 174 mm 400pp 49 b/w illus. 130 tables 978-1-107-04315-2 Hardback c. £39.99 / c. US$59.99 Publication June 2015 For all formats available, see

www.cambridge.org/9781107043152

Applied Choice Analysis Second edition David A. Hensher University of Sydney

John M. Rose University of Sydney

and William H. Greene New York University

A fully updated second edition of this popular book on choice analysis, showing the latest developments in behavioural theory, econometric estimation, and how to apply all methods using the software NLOGIT. Complete with new topics and case studies, this is a valuable resource for students, researchers, professionals and consultants.

2015 247 x 174 mm 1196pp 150 b/w illus. 182 tables 978-1-107-09264-8 Hardback £120.00 / US$180.00 978-1-107-46592-3 Paperback £55.00 / US$90.00 Publication April 2015 For all formats available, see

www.cambridge.org/9781107092648

Highlight

Causal Inference in Statistics, Social, and Biomedical Sciences An Introduction Guido W. Imbens Stanford University, California

and Donald B. Rubin Harvard University, Massachusetts

In this groundbreaking text, two worldrenowned experts present statistical methods for studying causal effects: how can we learn about the expected effect of an intervention or a change in environment? The authors discuss how we can assess such effects in simple randomized experiments, where the researcher controls the treatments, and in observational studies, where the subjects may themselves affect which treatment they receive.

Advance praise: ‘This book offers a definitive treatment of causality using the potential outcomes approach. Both theoreticians and applied researchers will find this an indispensable volume for guidance and reference.’

Hal Varian, University of California, Berkeley 2015 253 x 177 mm 592pp 18 b/w illus. 97 tables 978-0-521-88588-1 Hardback £40.00 / US$60.00 Publication April 2015 For all formats available, see

www.cambridge.org/9780521885881

Highlight

A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata Subal C. Kumbhakar State University of New York, Binghamton

Hung-Jen Wang National Taiwan University

and Alan Horncastle Oxera Consulting, Oxford, UK

A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

Immensely helpful to the applied researcher, it bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.

1

codes. Apart from a clear exposition of the economic theory behind various stochastic frontier models that represent the technology (like the Distance Functions) and/or producer behavior (like the Cost or Profit Functions) and the relevant econometric theory, the authors offer detailed instructions on how to write the commands for various models in Stata and explain how to interpret the results. This book will prove to be invaluable for every serious researcher using SFA to measure production efficiency.’

Subhash C. Ray, University of Connecticut 2015 228 x 152 mm 476pp 56 b/w illus.

978-1-107-02951-4 Hardback £80.00 / US$125.00 978-1-107-60946-4 Paperback £34.99 / US$49.99 Publication January 2015 For all formats available, see

www.cambridge.org/9781107029514

Textbook

Granularity Theory with Applications to Finance and Insurance Patrick Gagliardini Universita della Svizzera Italiana, Switzerland

and Christian Gouriéroux University of Toronto

This book provides the first comprehensive overview of the granularity theory applied to risk analysis in finance and insurance. The granularity principle leads to analytical formulas for risk analysis that are simple to implement and accurate even when the portfolio size is large.

‘Credible portfolio risk assessment requires financial-econometric methods that respect the limitations of finite samples (finite numbers of assets) in real portfolios. Gagliardini and Gouriéroux propose and explore asymptotic expansions (granularity adjustments) that do just that. As expected, their book displays a wonderful clarity of thought and will be highly valued in academic, policy and practitioner circles.’

Francis X. Diebold, Paul F. and Warren S. Miller Professor of Economics, University of Pennsylvania

‘A competent empirical application of Stochastic Frontier Analysis (SFA) requires a clear understanding of both the production economics and the econometric theory behind the specified model side by side with adequate programming skills to write the necessary software

eBooks available at www.cambridge.org/ebookstore

2

Econometrics, statistics and mathematical economics Contents: 1. The standard asymptotic theorems and their limitations; 2. Gaussian static factor; 3. Static qualitative factor model; 4. Nonlinear dynamic panel-data model; 5. Prediction and basket derivative pricing; 6. Granularity for risk measures.

Themes in Modern Econometrics

2014 228 x 152 mm 202pp 36 b/w illus. 12 tables 978-1-107-07083-7 Hardback £55.00 / US$90.00 978-1-107-66288-9 Paperback £21.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107070837

Textbook

Dynamic Economic Analysis Deterministic Models in Discrete Time Gerhard Sorger Universität Wien, Austria

For advanced students in economics, this textbook provides a clear and concise introduction to dynamic economic theory and analysis. Sorger guides students step-by-step through the most popular model structures and solution concepts, from the simplest dynamic economic models to complex problems of dynamic general equilibrium frameworks.

Contents: Preface; Part I. Difference Equations: 1. Basic concepts; 2. Linear difference equations; 3. Autonomous difference equations; 4. One-dimensional maps; Part II. Dynamic Optimization: 5. Optimization techniques; 6. Dynamic inconsistency and commitment; 7. Dynamic games; 8. Dynamic competitive equilibrium; Bibliography; Index.

and guidelines for improvement are suggested.

‘All economic and business forecasting involves judgment to some extent, but most books focus on the application of statistical methods. At last we have a book that directly addresses the role of judgment in forecasting and applies a set of rigorous methods to assess its potential strengths and limitations.’

Paul Goodwin, Emeritus Professor, University of Bath 2014 228 x 152 mm 143pp 9 b/w illus. 18 tables 978-1-107-08159-8 Hardback £45.00 / US$70.00 978-1-107-44161-3 Paperback £17.99 / US$27.99 For all formats available, see

www.cambridge.org/9781107081598

Modeling Count Data Joseph M. Hilbe Arizona State University

Written for researchers with little or no background in advanced statistics, this book provides guidelines and fully worked examples of how to select, construct, interpret and evaluate the full range of count models. Stata, R, and SAS code enable readers in a variety of disciplines to adapt models for their own purposes.

‘This is a first-rate introductory book for modeling count data, a key challenge in applied statistics.

Hilbe’s experience and affability shine in the text. His careful emphasis on establishing the defensibility of models, for example, in the face of overdispersion, will greatly benefit the beginning statistician. His clear informal explanations of important and complicated statistical principles are invaluable.’

Textbook

Time Series Models for Business and Economic Forecasting Second edition Philip Hans Franses Erasmus School of Economics

Dick van Dijk Erasmus School of Economics

and Anne Opschoor Erasmus School of Economics

With a new author team contributing decades of practical experience, this fully updated second edition textbook summarises the most critical decisions, techniques and steps in creating effective forecasting models. Includes all new theoretical and practical exercises geared at guiding students through the steps of creating forecasting models on their own.

Review of the first edition: ‘Reviews the more recent developments in modeling time series to focus on generating ex ante forecasts: seasonal unit roots, period models, aberrant observations, and common features. For each method, intuitive motivation and practical considerations are discussed in detail, making the book very readable … should be beneficial for students and instructors of applications-oriented courses as well as for practitioners who wish to obtain a first, but not too technical, impression of time series forecasting using modern, recently developed methods.’

Journal of the American Statistical Association

Andrew Robinson, University of Melbourne

Contents: Preface; 1. Introduction and overview; 2. Key features of economic time series; 3. Useful concepts in univariate time series analysis; 4. Trends; 5. Seasonality; 6. Aberrant observations; 7. Conditional heteroskedasticity; 8. Non-linearity; 9. Multivariate time series; Index.

www.cambridge.org/9781107083295

2014 234 x 177 mm 297pp 10 b/w illus. 81 tables 978-1-107-02833-3 Hardback £60.00 / US$99.00

2014 246 x 189 mm 314pp 81 b/w illus. 17 tables 65 exercises 978-0-521-81770-7 Hardback £75.00 / US$120.00

Highlight

978-1-107-61125-2 Paperback £23.99 / US$37.99

978-0-521-52091-1 Paperback £30.00 / US$48.00

For all formats available, see

For all formats available, see

2015 246 x 189 mm 288pp 30 b/w illus.

978-1-107-08329-5 Hardback £65.00 / US$99.00 978-1-107-44379-2 Paperback £24.99 / US$39.99 Publication February 2015 For all formats available, see

Expert Adjustments of Model Forecasts Theory, Practice and Strategies for Improvement Philip Hans Franses Erasmus School of Economics

Written for academics and practitioners with an interest in forecasting methodology, this book tests the notion that many forecasters feel they can improve the accuracy of forecasts based on their intuition. Current research is collated to examine ‘expert adjustment’ from an econometric perspective

www.cambridge.org/9781107028333

www.cambridge.org/9780521817707

Textbook

Analysis of Panel Data Third edition Cheng Hsiao University of Southern California

This book provides a comprehensive, coherent, and intuitive review of panel data methodologies that are useful for empirical analysis. Substantially revised from the second edition, it includes two new chapters on modeling cross-

Econometrics, statistics and mathematical economics / Microeconomics sectionally dependent data and dynamic systems of equations. Some of the more complicated concepts have been further streamlined.

Contents: 1. Introduction; 2. Homogeneity test for linear regression models (analysis of covariance); 3. Simple regression with variable intercepts; 4. Dynamic models with variable intercepts; 5. Simultaneousequations models; 6. Variable-coefficient models; 7. Discrete data; 8. Truncated and censored data; 9. Cross-sectional dependent panel data; 10. Dynamic system; 11. Incomplete panel data; 12. Miscellaneous topics; 13. A summary view.

Econometric Society Monographs, 54

2014 228 x 152 mm 433pp 7 b/w illus. 9 tables 978-1-107-03869-1 Hardback £75.00 / US$125.00 978-1-107-65763-2 Paperback £32.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107038691

Textbook

Almost All About Unit Roots Foundations, Developments, and Applications In Choi Sogang University, Seoul

Many economic theories depend on the presence or absence of a unit root for their validity, making familiarity with unit roots extremely important to econometric and statistical theory. This book introduces the literature on unit roots in a comprehensive manner to empirical and theoretical researchers in economics and other areas.

Contents: 1. Introduction; 2. Inference on unit roots: basic methods; 3. Unit root tests under various model specifications; 4. Alternative approaches to inference on unit roots; 5. Other issues related to unit roots; 6. Seasonal unit roots; 7. Panel unit roots.

Themes in Modern Econometrics

Textbook

Applied Nonparametric Econometrics Daniel J. Henderson University of Alabama

and Christopher F. Parmeter University of Miami

The majority of empirical research in economics ignores the potential benefits of nonparametric methods, while the majority of advances in nonparametric theory ignore the problems faced in applied econometrics. This book helps bridge this gap between applied economists and theoretical nonparametric econometricians, discussing basic to advanced nonparametric methods with applications.

Advance praise: ‘A clear and thorough treatment of nonparametric and semiparametric econometrics. The text will be valuable to empirical researchers, who can expand their methodological toolkits without resorting to difficult journal articles. Even advanced topics, such as nonparametric instrumental variables and nonparametric models with panel data, are treated at an accessible level.’

Jeffrey M. Wooldridge, Michigan State University

Microeconomics Highlight

Repeated Games The late Jean-Francois Mertens Sylvain Sorin Université Pierre et Marie Curie and Ecole Polytechnique, Paris

and Shmuel Zamir Hebrew University of Jerusalem and University of Exeter

Based on a set of working papers published by the Center for Operations Research and Econometrics (CORE) at the Université Catholique de Louvain in 1994, this landmark work significantly advances the literature on game theory with its masterful conceptual presentation. Challenging and important problems are set up as exercises, with detailed hints for their solutions.

Advance praise: ‘In the early 1990s, Jean-Francois Mertens, Sylvain Sorin, and Shmuel Zamir collaborated on a series of deep papers on repeated games, which, unfortunately, they never published.

Happily, this book at long last makes their important and still highly pertinent work widely accessible.’

Eric Maskin, Nobel Laureate in Economics, Harvard University

Contents: 1. Introduction; 2. Univariate density estimation; 3. Multivariate density estimation; 4. Testing; 5. Regression; 6. Testing; 7. Smoothing discrete variables; 8. Regression with discrete covariates; 9. Semiparametric methods; 10. Instrumental variables; 11. Panel data; 12. Constrained estimation and inference.

Econometric Society Monographs, 55

2015 253 x 177 mm 462pp 81 b/w illus. 34 tables 978-1-107-01025-3 Hardback £75.00 / US$125.00

For all formats available, see

978-0-521-27968-0 Paperback £30.00 / US$49.99 Publication March 2015 For all formats available, see

www.cambridge.org/9781107010253

2015 228 x 152 mm 546pp 22 b/w illus. 18 exercises 978-1-107-03020-6 Hardback £75.00 / US$125.00 978-1-107-66263-6 Paperback £39.99 / US$59.99 Publication February 2015 www.cambridge.org/9781107030206

A Course on Cooperative Game Theory Satya R. Chakravarty Indian Statistical Institute

2015 228 x 152 mm 220pp 27 tables 978-1-107-09733-9 Hardback £60.00 / US$95.00

Manipushpak Mitra

978-1-107-48250-0 Paperback £24.99 / US$39.99

Indian Statistical Institute

Publication March 2015 For all formats available, see

www.cambridge.org/9781107097339

3

Indian Statistical Institute

and Palash Sarkar

Cooperative game theory deals with situations where objectives of participants of the game are partially cooperative and partially conflicting.

Such situations are usually modelled as cooperative games. This book with its analytical, articulate and authoritative presentation, is theoretically and

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4

Microeconomics / Industrial economics methodologically quite contemporary and highly inclusive.

2014 234 x 156 mm 288pp 978-1-107-05879-8 Hardback £65.00 / US$95.00 Publication December 2014 For all formats available, see

www.cambridge.org/9781107058798

Textbook

The Psychology of Risk Second edition Glynis M. Breakwell University of Bath

This second edition explores the psychology of risk, examining how individuals think, feel and act. The questions addressed include: why do companies fail to protect against obvious hazards? What biases in risk estimation are common? How should we communicate levels of risk effectively? How should we reduce risky behaviour?

‘This updated second edition The Psychology of Risk is a captivating book. Once again Professor Glynis Breakwell has produced a most insightful volume, crammed with all the latest theoretical findings running from affect heuristic to nudge, and contemporary risk examples. It is essential reading for policy makers, consultants and academics who have an interest in risk.’

Ragnar Lofstedt, King’s College London

Contents: 1. A social psychological framework for analysing risk; 2. Hazard perception; 3. Individual and group differences in risk perception; 4. Decisionmaking about risks; 5. Risk and emotion; 6. Risk communication; 7. Errors and accidents, emergencies and disasters; 8. Risk management: risk in complex systems; 9. Social amplification, social representations and identity processes; 10. Changing risk reactions: lessons from the psychology of risk.

2014 247 x 174 mm 380pp 18 b/w illus.

978-1-107-01701-6 Hardback £65.00 / US$99.00 978-1-107-60270-0 Paperback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107017016

Highlight

Martin Browning

and hidden knowledge; 10. Market institutions; 11. Long-run relationships and the credibility of threats and promises; 12. Information aggregation, transmission, and acquisition.

University of Oxford

Cambridge Surveys of Economic Literature

Pierre-André Chiappori

2014 228 x 152 mm 503pp 83 b/w illus.

978-0-521-83408-7 Hardback £95.00 / US$150.00

Economics of the Family

Columbia University

and Yoram Weiss Tel-Aviv University

This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. It is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.

Cambridge Surveys of Economic Literature

2014 228 x 152 mm 510pp 86 b/w illus. 32 tables 978-0-521-79159-5 Hardback £75.00 / US$115.00 978-0-521-79539-5 Paperback £35.00 / US$55.00 For all formats available, see

www.cambridge.org/9780521791595

Textbook

The Analytics of Uncertainty and Information Second edition Sushil Bikhchandani University of California, Los Angeles

The late Jack Hirshleifer University of California, Los Angeles

and John G. Riley University of California, Los Angeles

This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.

‘This is a beautifully clear book on the economics of uncertainty and information. The second edition contains a good deal of valuable new material, such as on the production, transmission, acquisition, and aggregation of information.’

Eric Maskin, Nobel Laureate in Economics, Harvard University

Contents: Part I: 1. Elements of decision under uncertainty; 2. Risk-bearing: the optimum of the individual; 3. Comparative statics of the risk-bearing optimum; 4. Market equilibrium under uncertainty; Part II: 5. Information and informational decisions; 6. Information and markets; 7. Strategic uncertainty and equilibrium concepts; 8. Informational asymmetry and contract design; 9. Competition

978-0-521-54196-1 Paperback £35.00 / US$60.00 For all formats available, see

www.cambridge.org/9780521834087

Textbook

International Relations Theory The Game-Theoretic Approach Andrew H. Kydd University of Wisconsin, Madison

A new introduction to the game theoretic approach to international relations theory. Written for advanced undergraduate and graduate students, this textbook provides the support and background needed for students to gain a thorough understanding of the rationalist approach, from the basic foundations to more complex models.

Contents: 1. Introduction; 2. What states want; 3. Varieties of strategic settings; 4. Bargaining; 5. Power change and war; 6. Private information and war; 7. Arms competition and war; 8. Cooperation theory; 9. Diplomacy and signaling; 10. Multilateral cooperation; 11. Domestic politics and international relations.

2015 247 x 174 mm 248pp 49 b/w illus. 51 tables 978-1-107-02735-0 Hardback £79.99 / US$129.99 978-1-107-69423-1 Paperback £29.99 / US$49.99 Publication January 2015 For all formats available, see

www.cambridge.org/9781107027350

Industrial economics Textbook

Industrial Organization Markets and Strategies Second edition Paul Belleflamme Université Catholique de Louvain, Belgium

and Martin Peitz Universität Mannheim, Germany

Thoroughly revised according to classroom feedback, this comprehensive textbook provides an up-to-date account of modern industrial organization that blends theory with numerous real-

Industrial economics world applications. Formal models are presented in detail, and the main results are summarized in ‘lessons’ which highlight the main insights.

Review of previous edition: ‘… offers a fully up-to-date treatment of modern industrial organization, including recent work on intellectual property, new forms of price discrimination, competition policy and two-sided markets.

Theoretically inclined, clearly written, and mathematically accessible to a wide audience (including advanced undergraduates), it usefully provides motivation through short businessstrategy or competition-policy cases.

A tour de force and a must-read for students, researchers and practitioners of the field.’

Jean Tirole, Toulouse School of Economics and Institute for Advanced Study, Toulouse

Contents: Preface; Preface from first edition; Part I. Getting Started: 1. What is ‘markets and strategies’?; 2. Firms, consumers and the market; Part II. Market Power: 3. Static imperfect competition; 4. Dynamic aspects of imperfect competition; Part III. Sources of Market Power: 5. Product differentiation; 6. Advertising and related market strategies; 7. Consumer inertia; Part IV. Pricing Strategies and Market Segmentation: 8. Group pricing and personalized pricing; 9. Menu pricing; 10. Intertemporal price discrimination; 11. Bundling; Part V. Product Quality and Information: 12. Asymmetric information, price and advertising signals; 13. Marketing tools for experience goods; Part VI. Theory of Competition Policy: 14. Cartels and tacit collusion; 15. Horizontal mergers; 16. Strategic incumbents and entry; 17. Vertically related markets; Part VII. R&D and Intellectual Property: 18. Innovation and R&D; 19. Intellectual property; Part VIII. Networks, Standards and Systems: 20. Markets with network goods; 21. Strategies for network goods; Part IX. Market Intermediation: 22. Markets with intermediated goods; 23. Information and reputation in intermediated product markets; Appendix A. Game theory; Appendix B. Competition policy; Index.

2015 246 x 189 mm 750pp 61 colour illus. 20 tables 66 exercises 978-1-107-06997-8 Hardback c. £99.99 / c. US$159.99 978-1-107-68789-9 Paperback c. £39.99 / c. US$69.99 Publication May 2015 For all formats available, see

www.cambridge.org/9781107069978

Textbook

Modern Economic Regulation An Introduction to Theory and Practice Christopher Decker University of Oxford

Drawing from the most recent work on economic regulation, this book examines the key physical and economic characteristics of four public utility industries (electricity, gas, water and telecommunications), and the impact of these characteristics on regulatory arrangements. Suitable for students and practitioners with little prior knowledge of economic regulation. ‘… a must-read for students and practitioners of economic regulation.

This book provides an excellent overview of the extensive literature covering the theory and practice of modern economic regulation of public utilities. It is written in a style which will be readily accessible to those new to the area. It highlights lessons learnt particularly from the experience of major economies which have introduced restructuring reforms.’

David Cousins, AM, Adjunct Professor, Monash University

Contents: 1. Introduction; Part I: 2. The recurring question: why regulate utilities?; 3. Alternatives to traditional regulation; Part II: 4. Principles of regulation for core network activities; 5. Forms of price regulation; 6. Regulation in the presence of competition; Part III: 7. The institutions of regulation; 8. Electricity regulation; 9. Gas regulation; 10. Telecommunications regulation; 11. Water and wastewater regulation; 12. Conclusions; Cases and legislation: Europe, UK, USA, Australia and New Zealand; Bibliography; Index.

2014 247 x 174 mm 487pp 23 b/w illus.

978-1-107-02423-6 Hardback £85.00 / US$130.00 978-1-107-69906-9 Paperback £38.00 / US$52.00 For all formats available, see

www.cambridge.org/9781107024236

Building Technology Transfer within Research Universities An Entrepreneurial Approach Edited by Thomas J. Allen Massachusetts Institute of Technology

and Rory P. O’Shea Massachusetts Institute of Technology

A group of academic thought-leaders in the field of technology transfer analyze critically the factors which lie behind success-oriented entrepreneurial startup cultures on university campuses.

Using a series of case studies, the

5

contributors develop and share a model that universities can adopt for successful academic entrepreneurship.

‘This volume brings alive the modern synthesis of entrepreneurship and universities that has created a powerful force for change and wealth in societies. The contributors are at the forefront of the subject and leaders everywhere will need to understand the insights discussed.’

Phillip A. Sharp, Nobel Laureate in Medicine, Massachusetts Institute of Technology, and co-founder, Biogen Idec, Alnylam 2014 228 x 152 mm 411pp 32 b/w illus. 42 tables 978-0-521-87653-7 Hardback £70.00 / US$110.00 For all formats available, see

www.cambridge.org/9780521876537

The Innovative Entrepreneur Daniel F. Spulber Northwestern University, Illinois

Innovative entrepreneurs are the prime movers of the economy. They establish the companies that move innovations to the market place and drive economic growth. This book introduces economic analysis that helps to explain the activities of innovative entrepreneurs.

‘It is no coincidence that Dan Spulber has written this book on the economic contributions of the innovative entrepreneur’s initiative and creativity, as it has been Spulber’s own initiative and creativity that has been largely responsible for developing an economic theory of the innovative entrepreneur.’

Robert J. Strom, PhD, Ewing Marion Kauffman Foundation 2014 228 x 152 mm 380pp 24 b/w illus. 5 tables 978-1-107-04725-9 Hardback £75.00 / US$120.00 978-1-107-66811-9 Paperback £35.00 / US$50.00 For all formats available, see

www.cambridge.org/9781107047259

The Manufacturing of Markets Legal, Political and Economic Dynamics Edited by Eric Brousseau Université de Paris IX (Paris-Dauphine)

and Jean-Michel Glachant European University Institute, Florence

Drawing on case studies from a range of industries, countries and periods of history, this edited volume examines how a combination of economic, political and legal dynamics shape the formation and the performance

Visit our website at www.cambridge.org/academic

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Industrial economics / Finance of markets. This book will appeal to all those interested in the reform of markets.

Finance

2015 238 x 161 mm 428pp 50 b/w illus. 21 tables 978-0-521-88353-5 Hardback c. £65.00 / US$99.00

‘Eric Brousseau and Jean-Michel Glachant have assembled a fascinating set of contributions that discuss the institutional arrangements that contribute to the ‘manufacturing’ of markets for goods and services …

The chapters in this book provide important insights about how these institutional choices have been made in many different contexts, drawing on lessons from economics, political science, organizational behavior, psychology and law. There is much to learn from these chapters for both scholars and policymakers.’

Highlight

978-0-521-70987-3 Paperback c. £24.99 / US$39.99

Paul L. Joskow, President, Alfred P. Sloan Foundation, and Elizabeth and James Killian Professor of Economics, Emeritus, Massachusetts Institute of Technology 2014 228 x 152 mm 548pp 26 b/w illus. 9 tables 978-1-107-05371-7 Hardback £75.00 / US$120.00 For all formats available, see

www.cambridge.org/9781107053717

Patent Markets in the Global Knowledge Economy Theory, Empirics and Public Policy Implications Edited by Thierry Madiès Université de Fribourg, Switzerland

Dominique Guellec OECD

and Jean-Claude Prager Société du Grand Paris

Long regarded as an essential underpinning of technological innovation in successful capitalist economies, the beneficial role of patents has recently been brought into question by those favouring ‘open’ innovation.

This rigorous book surveys the theory, empirical evidence and public-policy related to the role of patents in a global knowledge economy.

2014 228 x 152 mm 259pp 20 b/w illus. 9 tables 978-1-107-04710-5 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107047105

Entertainment Industry Economics A Guide for Financial Analysis Ninth edition Harold L. Vogel

Fully updated, this ninth edition of Entertainment Industry Economics remains the definitive source on the economics of film, music, television, advertising, broadcasting, cable, casino gaming and wagering, publishing, toys and games, performing arts and culture, sports, and theme parks, in the United States and overseas.

2015 228 x 152 mm 680pp 95 b/w illus. 73 tables 978-1-107-07529-0 Hardback £45.00 / US$70.00 Publication March 2015 For all formats available, see

www.cambridge.org/9781107075290

Publication January 2015 For all formats available, see

www.cambridge.org/9780521883535

The Transformation of Islamic Law in Global Financial Markets Jonathan Ercanbrack School of Oriental and African Studies, University of London

Jonathan Ercanbrack examines the municipal legal systems of the United Kingdom, Bahrain, the United Arab Emirates and the Dubai International Financial Centre in order to illustrate globalisation’s acceleration of legal, economic and social production.

2014 228 x 152 mm 424pp 1 b/w illus.

978-1-107-06150-7 Hardback £80.00 / US$125.00 Publication December 2014

Productivity Accounting The Economics of Business Performance Emili Grifell-Tatjé Universitat Autònoma de Barcelona

and C. A. Knox Lovell University of Queensland

Productivity Accounting offers an indepth analysis of business productivity performance, providing an analytical framework within which to account for variation in business performance and the causes and consequences of this variation. Combining analytical rigor with empirical illustrations, the analysis draws on wide-ranging literatures, both historical and current, from business and economics.

‘The central theme of this book is decomposition. With chirurgical precision the authors dissect change of profitability, profit, cost, and return-on-assets, looking for traces of productivity change. They are thereby interested not only in the drivers of productivity change, but also in the distribution of its fruits. As a result the book turns out to be a tasty blend of economics, statistics, and business performance measurement.

In addition, quite a number of lesser known treasures from history were unearthed. This is a rich book, both for theorists and practitioners.’

Bert M. Balk, Rotterdam School of Management, Erasmus University

For all formats available, see

www.cambridge.org/9781107061507

Highlight

Rethinking Housing Bubbles The Role of Household and Bank Balance Sheets in Modeling Economic Cycles Steven D. Gjerstad Chapman University, California

and Vernon L. Smith Chapman University, California

In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith combine data from both laboratory and real markets and use novel historical analysis on economic events going back to the Great Depression to establish the critical roles of household and bank balance sheets in economic cycles.

2014 228 x 152 mm 304pp 52 b/w illus. 10 tables 978-0-521-19809-7 Hardback £35.00 / US$50.00 For all formats available, see

www.cambridge.org/9780521198097

Finance Textbook

Introductory Econometrics for Finance Third edition Chris Brooks University of Reading

This best-selling textbook is a complete resource for finance students. The third edition has been updated with new data, extensive examples and EViews tutorials. Improved student support includes a new chapter on the basic mathematics underlying econometrics, further reading and a website with freely available student and instructor resources.

Review of previous edition: ‘Very comprehensive, and it does a sound job of covering the territory.’

The Times Higher Education Supplement

Contents: Preface to the third edition; Acknowledgements; 1. Introduction; 2. Mathematical and statistical foundations; 3. A brief overview of the classical linear regression model; 4. Further development and analysis of the classical linear regression model; 5. Classical linear regression model assumptions and diagnostic tests; 6. Univariate time series modelling and forecasting; 7. Multivariate models; 8. Modelling long-run relationships in finance; 9. Modelling volatility and correlation; 10. Switching models; 11. Panel data; 12. Limited dependent variable models; 13. Simulation methods; 14. Conducting empirical research or doing a project or dissertation in finance; Appendix 1. Sources of data used in this book; Appendix 2. Tables of statistical distributions; Glossary; References; Index.

2014 246 x 189 mm 740pp 132 colour illus. 70 tables 978-1-107-03466-2 Hardback £99.00 / US$160.00 978-1-107-66145-5 Paperback £48.00 / US$80.00 For all formats available, see

www.cambridge.org/9781107034662

Textbook

Valuation and Risk Management in Energy Markets Glen Swindle Scoville Risk Partners

Valuation and Risk Management in Energy Markets surveys the mechanics of energy markets and the valuation of structures commonly arising in practice.

Contents: Part I. Introduction to Energy Commodities: 1. Context; 2. Forwards and carry; 3. Macro perspective; Part II. Basic Valuation and Hedging: 4. Risk-neutral valuation; 5. Dynamics of forwards;

6. Swaps books; Part III. Primary Valuation Issues: 7. Term structure of volatility; 8. Skew; 9. Correlation; Part IV. MultiFactor Models: 10. Covariance, spot prices, and factor models; 11. Gaussian exponential factor models; 12. Modeling paradigms; Part V. Advanced Methods and Structures: 13. Natural gas storage; 14. Tolling deals; 15. Variable quantity swaps; Part VI. Additional Topics: 16. Control, risk metrics, and credit; 17. Conclusions; Appendices.

2014 253 x 177 mm 494pp 258 b/w illus. 5 tables 978-1-107-03684-0 Hardback £75.00 / US$110.00 For all formats available, see

Cambridge Studies in Economic History – Second Series

2014 228 x 152 mm 267pp 10 b/w illus. 41 tables 978-1-107-03094-7 Hardback £50.00 / US$85.00 978-1-107-60986-0 Paperback £19.99 / US$32.99 For all formats available, see

www.cambridge.org/9781107030947

The Rise of the Value-Added Tax Kathryn James Monash University, Victoria

A Structural Approach Craig Pirrong

This book explores how within less than 50 years the value-added tax (VAT) has risen to become one of the world’s most dominant revenue instruments. It combines policy and legal analysis to propose a new way of understanding this rise so as to better reflect the realities of the VATs that are actually implemented.

University of Houston

Cambridge Tax Law Series

This book utilizes structural models to provide a better understanding of how commodities’ prices behave and what drives them.

2015 228 x 152 mm 496pp 7 b/w illus. 18 tables 978-1-107-04412-8 Hardback £80.00 / US$125.00

www.cambridge.org/9781107036840

New in Paperback

Commodity Price Dynamics

2014 229 x 152 mm 240pp 62 b/w illus. 8 tables 978-1-107-61633-2 Paperback £21.99 / US$32.99 Also available 978-0-521-19589-8 Hardback £74.99 / US$114.99 For all formats available, see

www.cambridge.org/9781107616332

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Publication March 2015 For all formats available, see

www.cambridge.org/9781107044128

Computation and Modelling in Insurance and Finance Erik Bølviken Universitetet i Oslo

Banking in Crisis The Rise and Fall of British Banking Stability, 1800 to the Present John D. Turner Queen’s University Belfast

Can the lessons of the past help us to prevent another banking collapse in the future? This is the first full account of the rise and fall of British banking stability over two hundred years, shedding new light on why banking systems crash and on the factors underpinning banking stability.

‘Banking in Crisis combines the very best of serious academic scholarship and keen policy analysis. It should be required reading for anyone – expert and non-expert alike – who is interested in the past, present, and future of British banking.’

Richard S. Grossman, Wesleyan University, Connecticut

A user-oriented, practical introduction outlining methods for analysing actuarial and financial risk.

International Series on Actuarial Science

2014 247 x 174 mm 709pp 80 b/w illus. 45 tables 550 exercises 978-0-521-83048-5 Hardback £80.00 / US$120.00 For all formats available, see

www.cambridge.org/9780521830485

Portfolio Theory and Risk Management Maciej J. Capiński AGH University of Science and Technology, Krakow

and Ekkehard Kopp University of Hull

With its focus on examples, exercises and calculations this book suits advanced undergraduates as well as postgraduates and practitioners.

It provides a rigorous treatment of the underlying theory and equips the reader to handle risk assessments in modern finance. Solutions and

eBooks available at www.cambridge.org/ebookstore

8

Finance / International economics additional material are available at www.cambridge.org/9781107003675.

Mastering Mathematical Finance

2014 228 x 152 mm 169pp 35 b/w illus. 75 exercises 978-1-107-00367-5 Hardback £50.00 / US$80.00 978-0-521-17714-6 Paperback £24.00 / US$39.99 For all formats available, see

www.cambridge.org/9781107003675

International economics Textbook

The Business Environment of Europe Firms, Governments, and Institutions Terrence R. Guay Pennsylvania State University

Written for advanced undergraduate and postgraduate students studying international business, European studies and political economy, this is the first textbook to provide a complete overview of Europe’s business environment, uncovering both the historical, political and cultural contexts of European business and the diverse nature of Europe’s economy and government policies.

‘This is a clear, comprehensive and incisive look at Europe today and its relevance to global business in the twenty-first century. The author is both eloquent in explaining even the more difficult concepts and judicious in forming conclusions about where Europe stands today in the globalized world. He lucidly explains the leading scholarship in the field and, as importantly, pinpoints its relevance to on-the-ground business practice within the European context.

This book will be of great interest to academics, researchers and global business practitioners. It should become the standard textbook for students of modern European business.’

Sanford L. Moskowitz, College of Saint Benedict, Saint John’s University

Contents: Acknowledgements; Preface; Part I. Understanding the Context of Europe’s Business Environment: 1. Introduction; Part II. The European Union: 2. Origins, development, and institutional framework; 3. Political economy of European integration; Part III. Models of Capitalism and National BusinessGovernment Relations: 4. Market capitalism; 5. Managed capitalism; 6. State capitalism; 7. Eastern Europe; Part IV. Government

Policies and Globalization: 8. Promoting business; 9. Regulating business; 10. Globalization and global actors; Part V. Opportunities and Challenges: 11. Industries; 12. The road ahead; Glossary; Index.

2014 247 x 174 mm 363pp 25 b/w illus. 8 maps 42 tables 978-0-521-87247-8 Hardback £60.00 / US$95.00 978-0-521-69416-2 Paperback £29.99 / US$49.99

agreements in order to provide insights into their functions and effects and outline the future research agenda.

2014 228 x 152 mm 608pp 52 b/w illus. 59 tables 978-1-107-08387-5 Hardback £75.00 / US$120.00 Publication December 2014 For all formats available, see

www.cambridge.org/9781107083875

For all formats available, see

New in Paperback

www.cambridge.org/9780521872478

The Decade of the Multilatinas

Japan’s Economic Planning and Mobilization in Wartime, 1930s–1940s The Competence of the State Yoshiro Miwa University of Tokyo

Yoshiro Miwa analyzes the extent to which the Japanese government prepared itself for the Second World War and the war with China that preceded it. He finds the government – despite its reputation for industrial planning – was ill-prepared and draws sophisticated lessons about the ability of governments to plan their economies.

‘A leading skeptic of the Chalmers Johnson view of Japanese bureaucratic competence confronts the reality of a country mired – after remarkable successes – in an ill-planned, muddled, and unwinnable war. For Professor Miwa’s admirers (of which I count myself one), this powerful broadside confirms his sure combination of historical research with critical economic analysis. For doubters, this exposé of wartime armaments production offers renewed challenges.’

Leslie Hannah, London School of Economics and Political Science 2015 228 x 152 mm 400pp 3 b/w illus. 9 tables 978-1-107-02650-6 Hardback £65.00 / US$99.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107026506

Trade Cooperation The Purpose, Design and Effects of Preferential Trade Agreements Edited by Andreas Dür Universität Salzburg, Austria

and Manfred Elsig Universität Bern, Switzerland

Countries across the globe are scrambling to sign preferential trade agreements. In this volume, leading political scientists, economists and international lawyers take stock of past and current research on these

Javier Santiso ESADE Business School

Latin American multinationals (multilatinas) have been central in the rise of emerging markets in the last few decades. This book analyses the trends, the countries and the firms involved, and explores the implications for the US, China, Spain and the rest of Europe.

‘The continued growth in global trade and investment is rapidly forcing us to rethink the way we look at the role of the emerging economies. Early in this long process, the focus was on local production in these economies, based on cheap labor and abundant resources. But much more is going on. This timely book focuses on the impressive international expansion of Latin corporations, an important topic that thus far has not received much attention. I highly recommend it to all audiences.’

Arminio Fraga, Founder of Gávea Investimentos (acquired by JP Morgan) and former Governor of the Central Bank of Brazil 2014 229 x 152 mm 302pp 54 b/w illus. 34 tables 978-1-107-42497-5 Paperback £23.99 / US$38.99 Also available 978-1-107-03443-3 Hardback £64.99 / US$104.99 For all formats available, see

www.cambridge.org/9781107424975

WTO Disciplines on Subsidies and Countervailing Measures Balancing Policy Space and Legal Constraints Dominic Coppens Sidley Austin LLP

Academics, policy makers and staff of international institutions will all be intrigued by this legal analysis of the complex WTO rules on subsidies and the discussion of whether these rules overly confine governments’ policy space to pursue legitimate objectives, such as economic development, environmental

International economics / Labour economics protection, and recovery in times of crisis.

Cambridge International Trade and Economic Law, 12

2014 228 x 152 mm 696pp 6 b/w illus.

978-1-107-01477-0 Hardback £90.00 / US$150.00 For all formats available, see

www.cambridge.org/9781107014770

The New Entrants Problem in International Fisheries Law Andrew Serdy University of Southampton

Is international fisheries law inevitably moving towards a property-rights regime? Despite RFMOs already perceptibly adopting this approach, they are ambivalent about it and its consequences remain underanalysed.

In this book, Andrew Serdy explores the implications revealed by the practice of fishing States and RFMOs and suggests ways forward.

Cambridge Studies in International and Comparative Law, 111

2015 228 x 152 mm 446pp 2 b/w illus.

978-1-107-00156-5 Hardback £80.00 / US$135.00 Publication February 2015 For all formats available, see

www.cambridge.org/9781107001565

Rules of Origin in ASEAN A Way Forward Stefano Inama

Interpreting WTO Agreements

to develop in China in the coming decades.

Problems and Perspectives Second edition Asif H. Qureshi

‘Lu Zhang’s highly readable and insightful book offers a fascinating perspective on the recent wave of strikes in China’s vast and growing automobile industry, drawing on extensive fieldwork in seven different auto factories. Highlighting the militancy of young, highly educated temporary auto assembly workers, who live in factory dormitories and often use social media as an organizing tool, Zhang shows how they leverage the ideological legacy of state socialism to challenge the logic of profit maximization in the world’s most dynamic market economy. It is difficult to imagine a more intriguing case study of twenty-first-century labor unrest.’

Korea University, Seoul

Qureshi identifies the underlying problems of interpreting WTO agreements, and examines the conditions for the interpretation of these agreements. This second edition addresses the legislative developments and updates the case law. Also included is a new section on issues of interpretation relating to preferential trade agreements and the WTO. ‘Written with clarity and precision by one of the world’s foremost international trade law scholars, the second edition provides even broader and deeper insights than its predecessor into the interpretation of WTO texts. Special virtues of this edition include great care paid to the impact on poor countries of WTO adjudications, and placement of those outcomes in wider economic and political contexts. Students, scholars, and practitioners will find time spent with this new edition both enlightening and productive.’

Raj Bhala, Associate Dean for International and Comparative Law, and Rice Distinguished Professor, University of Kansas 2015 228 x 152 mm 480pp 1 table 978-1-107-04329-9 Hardback £80.00 / US$130.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107043299

UNCTAD, Geneva, Switzerland

and Edmund W. Sim Appleton Luff, Singapore

The first in-depth exploration of rules of origin in ASEAN’s trade agreements, insightful to practitioners, policymakers and businesses for understanding how commerce and trade is conducted in Southeast Asia. Customs practices, government procedures and other aspects of the ASEAN trade agreements are reviewed.

Integration through Law: The Role of Law and the Rule of Law in ASEAN Integration, 1

2015 218 x 138 mm 432pp 7 tables 978-1-107-47244-0 Paperback £39.99 / US$59.99 Publication February 2015 For all formats available, see

www.cambridge.org/9781107472440

Labour economics Inside China’s Automobile Factories The Politics of Labor and Worker Resistance Lu Zhang Temple University, Philadelphia

Based on years of fieldwork and extensive interviews conducted from inside seven large auto factories in various regions, Lu Zhang combines original empirical data and sophisticated analysis to provide a multilayered framework for understanding how labor relations in the auto industry and broader social economy can be expected

9

Ruth Milkman, City University of New York, Graduate Center 2014 228 x 152 mm 254pp 26 b/w illus. 1 map 22 tables 978-1-107-03085-5 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107030855

Out of Poverty Sweatshops in the Global Economy Benjamin Powell The Free Market Institute, Texas Tech University

This book explores how sweatshops provide the best available opportunity to workers and how they play an important role in the process of development that eventually leads to better wages and working conditions. This book addresses a crucially important topic for those who desire to improve the welfare of impoverished people in the third world.

‘This eloquent book makes the compassionate case for sweatshops in poor countries as what poor workers voluntarily select as employers because they are better than the alternatives. It is uncommonly clear in this book that the economists’ case for sweatshops is based on what’s best for the workers, not what’s best for efficiency or profits or First World consumers.’

William Easterly, Co-Director, Development Research Institute, New York University, and author of The White Man’s Burden and The Elusive Quest for Growth Cambridge Studies in Economics, Choice, and Society

2014 228 x 152 mm 193pp 9 b/w illus. 6 tables 978-1-107-02990-3 Hardback £38.00 / US$60.00 978-1-107-68893-3 Paperback £17.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107029903

Visit our website at www.cambridge.org/academic

10

Macroeconomics and monetary economics / Natural resource and environmental economics

Macroeconomics and monetary economics Textbook

Principles of Financial Economics Second edition Stephen F. LeRoy University of California, Santa Barbara

and Jan Werner University of Minnesota

This new edition provides a rigorous yet accessible graduate-level introduction to financial economics, retaining its emphasis on the link between financial economics and equilibrium theory.

Updates include more focus on portfolio choice and risk allocations. New chapters address infinite-time security markets, exploring, among other topics, the possibility of price bubbles.

‘With this new edition, LeRoy and Werner have solidified the standing of their Principles of Financial Economics as the ideal introduction to neoclassical asset pricing models.

The coverage is authoritative, rigorous, elegant, and now even more comprehensive.’

Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University

Contents: Preface; Part I. Equilibrium and Arbitrage: 1. Equilibrium in security markets; 2. Linear pricing; 3. Arbitrage and positive pricing; Part II. Valuation: 4. Valuation; 5. State prices and risk-neutral probabilities; Part III. Portfolio Restrictions: 6. Portfolio restrictions; 7. Valuation under portfolio restrictions; Part IV. Risk: 8. Expected utility; 9. Risk aversion; 10. Risk; Part V. Optimal Portfolios: 11. Optimal portfolios with one risky security; 12. Comparative statics of optimal portfolios; 13. Optimal portfolios with several risky securities; Part VI. Equilibrium Prices and Allocations: 14. Consumptionbased security pricing; 15. Complete markets and Pareto-optimal allocations of risk; 16. Optimality in incomplete markets; Part VII. Mean-Variance Analysis: 17. The expectations and pricing kernels; 18. The mean-variance frontier payoffs; 19. Capital asset pricing model; 20. Factor pricing; Part VIII. Multidate Security Markets: 21. Equilibrium in multidate security markets; 22. Multidate arbitrage and positivity; 23. Dynamically complete markets; 24. Valuation; Part IX. Martingale Property of Security Prices: 25. Event prices, risk-neutral probabilities, and the pricing kernel; 26. Martingale property of gains; 27. Conditional consumption-based security pricing; 28. Conditional beta pricing and

the CAPM; Part X. Infinite-Time Security Markets: 29. Equilibrium in infinite-time security markets; 30. Arbitrage, valuation, and price bubbles; 31. Arrow–Debreu equilibrium in infinite time.

– global standards such as Basel III and macro prudential framework and tools.

2014 253 x 177 mm 370pp 19 b/w illus.

978-1-107-02412-0 Hardback £65.00 / US$110.00

For all formats available, see

978-1-107-67302-1 Paperback £27.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107024120

Expansionary Fiscal Contraction The Thatcher Government’s 1981 Budget in Perspective Edited by Duncan Needham University of Cambridge

and Anthony Hotson University of Cambridge

In this specially commissioned volume, contributors examine recently released archives alongside firsthand accounts to review the Thatcher government’s controversial 1981 budget. This timely and thoughtful treatment recasts a critical episode in post-war British economic history and will have broad appeal among today’s economists, political scientists, historians and policy makers.

‘The arduous process of economic policy-making on the run is wonderfully exposed in this volume on the famous 1981 Budget. The reader is taken into the corridors of Great George Street and into the Faculties of Economics and should come away realising just how hard it is to do this stuff right.’

Jagjit Chadha, University of Kent 2014 228 x 152 mm 251pp 9 b/w illus. 10 tables 978-1-107-04293-3 Hardback £65.00 / US$99.00

2014 246 x 189 mm 316pp 978-1-107-05110-2 Hardback £65.00 / US$99.00 www.cambridge.org/9781107051102

Current Federal Reserve Policy Under the Lens of Economic History Essays to Commemorate the Federal Reserve System’s Centennial Edited by Owen Humpage Federal Reserve Bank of Cleveland

To celebrate the Federal Reserve System’s centennial, the Federal Reserve Bank of Cleveland asked leading monetary historians and macroeconomic economists to address current and recurring economic concerns that confront central banks. The resulting papers cover a wide range of issues and investigate how financial infrastructure shapes economic outcomes.

Studies in Macroeconomic History

2015 228 x 152 mm 384pp 58 b/w illus.

978-1-107-09909-8 Hardback £70.00 / US$110.00 Publication April 2015 For all formats available, see

www.cambridge.org/9781107099098

Natural resource and environmental economics

For all formats available, see

Highlight

www.cambridge.org/9781107042933

The Economics and Uncertainties of Nuclear Power

The G20 Macroeconomic Agenda India and the Emerging Economies Edited by Parthasarathi Shome Adviser to Finance Minister, Government of India

This book corresponds to the major themes of the G20 agenda. It explores the purpose and evolution of global governance groupings such as the G7 and G8, and also discusses the progress of G20 financial sector reform initiatives

François Lévêque Ecole des mines de Paris

This is an important resource for students, researchers, energy professionals and concerned citizens wanting to engage with the continuing debate on the future of nuclear power and its place in international energy policy. It provides a balanced, in-depth economic analysis of the costs, hazards, regulation and politics surrounding nuclear power.

‘François Lévêque uses his vast academic experience to help us understand the risks, opportunities and uncertainties of nuclear power.

Natural resource and environmental economics Nuclear power is a gamble and that’s why we have to think twice. We need books like this one that provide a balanced assessment of our options, which will allow people from any background to engage with the arguments and make up their own minds about this important issue.’

accessible description of the methods for calculating externalities, the results and their policy implications.

The authors clearly address the relevant uncertainties and ethical underpinnings, bringing a balanced approach to complex issues that are so often distorted by vested interests.’

Arguing for integrated models and analysis that can enable realistic social policy experiments, the volume drives home the compelling need for forward looking decision making in the interest of conservation of humanity’s ‘uncommon heritage’ for future generations.’

Jean-Michel Glachant, Chief-editor of Economics of Energy and Environmental Policy (EEEP) and Director of the Florence School of Regulation

Nick Eyre, Jackson Senior Research Fellow in Energy Policy, University of Oxford

Kanchan Chopra, former Director and Professor, Institute of Economic Growth, University of Delhi

2014 228 x 152 mm 349pp 3 b/w illus.

978-1-107-08728-6 Hardback £35.00 / US$129.99 For all formats available, see

2014 228 x 152 mm 695pp 135 b/w illus. 98 tables 978-1-107-04313-8 Hardback £50.00 / US$80.00 For all formats available, see

Transforming U.S. Energy Innovation

978-1-107-61898-5 Paperback £30.00 / US$45.00

Accounting for Carbon

For all formats available, see

Harvard University, Massachusetts

Monitoring, Reporting and Verifying Emissions in the Climate Economy Edited by Valentin Bellassen

Matthew Bunn

CDC Climat, Paris

Edited by Laura Diaz Anadon Harvard University, Massachusetts

and Nicolas Stephan

and Venkatesh Narayanamurti

CDC Climat, Paris

Harvard University, Massachusetts

The first ever authoritative overview of the vitally important task of monitoring, reporting and verifying greenhouse gas emissions at both an industry and a regional/national level. This book is written for practitioners in the private and public sectors involved in designing, implementing and reacting to climate policy regulation.

How much should the U.S. government invest on energy R&D, and where should those investments be focused? How can the government work with the private sector to accelerate energy innovation?

This book addresses these and other important questions to meet the energy challenge with new analytical methods and data.

2014 253 x 177 mm 247pp 32 b/w illus. 12 tables 978-1-107-04371-8 Hardback £60.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107043718

How Much Is Clean Air Worth?

Calculating the Benefits of Pollution Control Ari Rabl Ecole des Mines, Paris

Joseph V. Spadaro Basque Centre for Climate Change, Bilbao, Spain

and Mike Holland Ecometrics Research and Consulting (EMRC)

Written for scholars, graduate students and practitioners in government and industry, this book provides comprehensive coverage of core methodologies used in quantifying the costs of pollution. Worked examples support the discussion, and the results for electricity treatment, waste management and transport are reviewed, with an analysis of their policy implications.

‘The economic costs of pollution are large, but uncertain. This book, from some of the leading analysts in the field, provides a much-needed

2014 228 x 152 mm 557pp 41 b/w illus. 35 tables 978-1-107-04373-2 Hardback £75.00 / US$110.00

www.cambridge.org/9781107043138

www.cambridge.org/9781107087286

2015 228 x 152 mm 592pp 42 b/w illus. 1 map 76 tables 978-1-107-09848-0 Hardback £75.00 / US$120.00 Publication March 2015 For all formats available, see

www.cambridge.org/9781107098480

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Our Uncommon Heritage

www.cambridge.org/9781107043732

The Law and Economics of a Sustainable Energy Trade Agreement Edited by Gary C. Hufbauer Peterson Institute of International Economics, Washington DC

Ricardo Meléndez-Ortiz ICSTD

and Richard Samans World Economic Forum

Leading economists, lawyers and technologists propose a new trade agreement that will promote clean energy technologies. Such an agreement would contribute to addressing climate change, enhance energy access, and improve energy security. This groundbreaking survey will appeal to academics and policymakers working on the interface of trade and energy policy.

2015 228 x 152 mm 450pp 30 b/w illus. 37 tables 978-1-107-09286-0 Hardback c. £64.99 / c. US$104.99 Publication July 2015

Biodiversity Change, Ecosystem Services, and Human Wellbeing Charles Perrings

For all formats available, see

Arizona State University

The Renaissance of Renewable Energy

Our Uncommon Heritage explores the many dimensions of human-driven biodiversity change. It addresses the causes of biodiversity change, its hidden costs, and better ways to manage it.

This is an important book for students, researchers and those engaged in biodiversity policy and management at the international level.

‘Our Uncommon Heritage is comprehensive in its range and incisive in its treatment. In his analysis of changes in biodiversity, the author straddles, with expert understanding, different sciences. He then excels in employing and extending the metaphors of economics to capture the concerns of natural scientists.

11

www.cambridge.org/9781107092860

Gian Andrea Pagnoni Istituto Delta di Ecologia Applicata, Ferrara, Italy

and Stephen Roche Network Translators, Hamburg, Germany

This book provides detailed yet easily understandable information about sustainable energy alternatives in the context of growing public concern about climate change, the impending fuel crisis and environmental degradation. It describes the factors that have led to the current interest in energy alternatives and assesses the chance of renewable

For regular email alerts visit www.cambridge.org/alerts

12

Natural resource and environmental economics energy replacing fossil fuels in the future.

2015 228 x 152 mm 306pp 137 b/w illus. 20 tables 978-1-107-02560-8 Hardback £50.00 / US$75.00

the range of necessary issues yielding a collection which will be of great value to the student, teacher and practitioner.’

Ian Bateman, University of East Anglia

Publication April 2015

2015 247 x 174 mm 288pp 56 b/w illus. 6 colour illus. 10 tables 978-1-107-06288-7 Hardback £40.00 / US$75.00

For all formats available, see

Publication January 2015

www.cambridge.org/9781107025608

For all formats available, see

978-1-107-69836-9 Paperback £19.99 / US$29.99

www.cambridge.org/9781107062887

Electricity Restructuring in the United States Markets and Policy from the 1978 Energy Act to the Present Steve Isser Energy Law & Economics, Inc.

Steve Isser provides a generalist history of electricity policy from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets.

2015 228 x 152 mm 510pp 5 b/w illus.

978-1-107-10078-7 Hardback £80.00 / US$125.00 Publication March 2015 For all formats available, see

www.cambridge.org/9781107100787

Water Resilience for Human Prosperity Johan Rockström Stockholm Resilience Centre

Malin Falkenmark Stockholm International Water Institute

Carl Folke Stockholm Resilience Centre

Mats Lannerstad International Livestock Research Institute

Jennie Barron

From Concept to Practice Edited by Jetske A. Bouma Vrije Universiteit, Amsterdam and Dutch Environmental Assessment Agency

and Pieter J. H. van Beukering Vrije Universiteit, Amsterdam

Drawing on a range of interdisciplinary perspectives, this volume provides an invaluable framework for translating simple concepts into complex ecosystem-related decision-making.

It is specifically designed to guide students and policy-makers through key methodological approaches, illustrating their applications at various scales by drawing on case studies from around the world.

‘The challenge of incorporating ecosystem services into decisionmaking is inherently interdisciplinary, which in turns requires that everyone involved or interested in addressing this challenge needs to understand the principles of each discipline concerned. This excellent collection of essays had been carefully crafted to introduce the reader to all aspects of an ecosystem services approach to decision making; from natural science, through the social sciences and on to governance. Each chapter is highly accessible while the whole builds to provide a coherent introduction to

‘Two of the world’s leading scholars on property rights and the environment offer a timely reminder that government is not always an effective steward of natural resources when markets fail at this task, and offer a rich review of the myriad creative ways in which market forces can be harnessed to improve environmental quality. The book’’s fresh perspective on the question of how best to solve problems ranging from climate change to overfishing reminds economists and their students to ‘look before they leap’, with regulation as a solution.’

Sheila M. Olmstead, University of Texas, Austin Cambridge Studies in Economics, Choice, and Society

2014 228 x 152 mm 240pp 30 b/w illus. 6 maps 6 tables 978-1-107-01022-2 Hardback £50.00 / US$85.00

Stockholm Environment Institute

978-0-521-27965-9 Paperback £19.99 / US$34.99

Elin Enfors

For all formats available, see

Stockholm Resilience Centre

www.cambridge.org/9781107010222

Line Gordon Stockholm Resilience Centre

Potsdam Institute for Climate Impact Research

The Allocation of Regulatory Competence in the EU Emissions Trading Scheme

Claudia Pahl-Wostl

Josephine van Zeben

and Jens Heinke Potsdam Institute for Climate Impact Research (PIK) and International Livestock Research Institute

Holger Hoff

Ecosystem Services

air and is compared to governmental solutions.

Universität Osnabrück

Swiss Federal University (ETH), Zürich

A new approach to water-resource for researchers, professionals and graduate students, focusing on global sustainability and socio-ecological resilience to change.

Interdisciplinary analysis of the law and politics of regulatory competence allocation in the European Union Emissions Trading Scheme, accessible to lawyers, economists and political scientists. Experiences with the EU Emissions Trading Scheme continue to shape regulatory approaches to climate change mitigation at the international, European and national level.

2014 246 x 189 mm 311pp 116 colour illus. 12 tables 978-1-107-02419-9 Hardback £45.00 / US$85.00 For all formats available, see

www.cambridge.org/9781107024199

Environmental Markets A Property Rights Approach Terry L. Anderson Property and Environment Research Center

and Gary D. Libecap University of California, Santa Barbara

Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. It compares standard approaches to environmental problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and

Cambridge Studies in European Law and Policy

2014 228 x 152 mm 280pp 11 b/w illus. 4 tables 978-1-107-04226-1 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107042261

Economic development and growth

Economic development and growth Highlight New in Paperback

The Long Process of Development Building Markets and States in Pre-industrial England, Spain and their Colonies Jerry F. Hough Duke University, North Carolina

and Robin Grier University of Oklahoma

This groundbreaking book examines England and Spain’s history from 1000 to 1800 and the legacy of these countries in the United States and Mexico to explain why development takes centuries. It emphasizes the need for an effective state and is an indispensable supplement to books that focus on representative institutions.

‘To better to understand today’s developing world, Hough and Grier turn to history. Argument after argument, point after point, they demonstrate the benefits of doing so. This study adds to the legacy of North, Olson, Acemoglu and Robinson, all of whom have turned to the study of political history in an effort to comprehend the economics of development.’

Robert Bates, Eaton Professor of the Science of Government, Harvard University, Massachusetts 2015 229 x 152 mm 458pp 2 b/w illus. 4 tables 978-1-107-67041-9 Paperback c. £27.99 / c. US$39.99 Publication April 2015 Also available 978-1-107-06369-3 Hardback £70.00 / US$110.00 For all formats available, see

www.cambridge.org/9781107670419

Textbook

Socio-Economic Development Second edition Adam Szirmai Universiteit Maastricht, Netherlands

This thoroughly updated textbook provides a non-technical introduction to the dynamics of socio-economic development and stagnation. Taking a long-term comparative approach and placing contemporary debates within their broader contexts, Szirmai examines the historical, institutional, demographic,

sociological, political and cultural factors of development. Chapters include comparative statistics for thirty-one developing countries.

Contents: Preface; Acknowledgements; List of abbreviations; 1. Developing countries and the concept of development; 2. Development of the international economic order, 1450–2000; 3. Growth and stagnation: theories and experiences; 4. Technology and development; 5. Population and development; 6. Health, health care and development; 7. Education and development; 8. Economic development, structural change and industrialisation; 9. Industrial development; 10. Agricultural development and rural development; 11. State formation and political aspects of development; 12. Cultural and institutional dimensions of development; 13. The international economic and political order since 1945; 14. Foreign aid and development; References; Index.

2015 246 x 189 mm 700pp 24 b/w illus. 77 tables 978-1-107-04595-8 Hardback £94.99 / c. US$150.00 978-1-107-62449-8 Paperback £44.99 / c. US$70.00 Publication February 2015 For all formats available, see

www.cambridge.org/9781107045958

Key Reference

The Cambridge Economic History of Australia Edited by Simon Ville University of Wollongong, New South Wales

and Glenn Withers Australian National University, Canberra

Australia’s economic history is the story of the transformation of an indigenous economy and a small convict settlement into a nation of nearly 23 million people with advanced economic, social and political structures. It is a history of vast lands with rich, exploitable resources, of adversity in war, and of prosperity and nation building. It is also a history of human behaviour and the institutions created to harness and govern human endeavour. This account provides a systematic and comprehensive treatment of the nation’s economic foundations, growth, resilience and future, in an engaging, contemporary narrative. It examines key themes such as the centrality of land and its usage, the role of migrant human capital, the tension between development and the environment, and Australia’s interaction with the international economy.

Written by a team of eminent economic historians, The Cambridge Economic History of Australia is the definitive

13

study of Australia’s economic past and present.

Contributors: Simon Ville, Glen Withers, William Coleman, Jakob Madsen, Chris Lloyd, Boyd Hunter, Debbie Oxley, David Meredith, Gary Magee, David Greasley, Andrew Seltzer, Jonathan Pincus, Henry Ergas, Lionel Frost, Rodney Maddock, Diane Hutchinson, David Merrett, John Wilson, Tim Hatton, Monica Keneley, Richard Pomfret, Jeff Borland, Mike Keating, Matthew Butlin, Robert Dixon, Peter Lloyd, Martin Shanahan, Edwyna Harris, John Altman, Nicholas Biddle 2014 238 x 158 mm 624pp 978-1-107-02949-1 Hardback £120.00 / US$180.00 Publication December 2014 For all formats available, see

www.cambridge.org/9781107029491

Africa’s Development in Historical Perspective Edited by Emmanuel Akyeampong Harvard University, Massachusetts

Robert H. Bates Harvard University, Massachusetts

Nathan Nunn Harvard University, Massachusetts

and James Robinson Harvard University, Massachusetts

Why has Africa remained persistently poor over its recorded history? Has Africa always been poor? What has been the nature of Africa’s poverty and how do we explain its origins? This volume takes a necessary interdisciplinary approach to these questions by bringing together perspectives from archaeology, linguistics, history, anthropology, political science and economics.

‘A cast of formidable scholars has written a powerful book with provocative propositions on development, the core of African modernity, brilliantly revealing its long roots and complexities in time, culture, people, and institutions. This will serve as an engaging teaching text for students and compelling instructional tool for policy makers.’

Toyin Falola, Jacob and Frances Mossiker Chair in the Humanities, University of Texas, Austin 2014 228 x 152 mm 539pp 9 b/w illus. 6 maps 40 tables 978-1-107-04115-8 Hardback £75.00 / US$120.00 978-1-107-69120-9 Paperback £30.00 / US$45.00 For all formats available, see

www.cambridge.org/9781107041158

eBooks available at www.cambridge.org/ebookstore

14

Economic development and growth Textbook

Socialist Planning Third edition Michael Ellman Universiteit van Amsterdam

lasting impact on the sociology of knowledge and in the study of the history of ideas.’

Dipankar Gupta, former Professor, Centre for the Study of Social Systems, Jawaharlal Nehru University, New Delhi

Nanotechnology and Development What’s in it for Emerging Countries?

Edited by Shyama V. Ramani Universiteit Maastricht, Netherlands

This is a fully updated textbook providing an overview of socialist planning, analysing the weaknesses of the system, the reasons for its disappearance and considering its legacy for the twenty-first century. It is an ideal text for undergraduate and graduate students taking courses in comparative economic systems and twentieth-century economic history.

2014 234 x 156 mm 397pp 978-1-107-06545-1 Hardback £65.00 / US$99.00

‘Michael Ellman’s book is a true classic, erudite, exhaustive and meticulously researched. Written by one of the leading authorities in the field, it remains the ultimate source on the theory and experience of socialist economic planning. Both students and fellow scholars will be pleased to see it brought up to date, incorporating what has been learned since the collapse of the USSR.’

Universiteit Maastricht, Netherlands

Stefan Hedlund, Research Director at the Centre for Russian and Eurasian Studies, Uppsala University, Sweden

2014 228 x 152 mm 418pp 978-1-107-03756-4 Hardback £65.00 / US$99.00

Francisco Vidal Luna

For all formats available, see

Stanford University, California

Contents: Preface to third edition; Abbreviations and glossary; Important dates; 1. The rise and fall of socialist planning; 2. The traditional model; 3. The reform process; 4. Planning the defenceindustrial complex; 5. Investment planning; 6. Planning agriculture; 7. Planning labour and incomes; 8. Planning consumption; 9. Planning international trade; 10. An evaluation of socialist planning; Bibliography; Index.

2014 228 x 152 mm 440pp 14 b/w illus. 40 tables 978-1-107-07473-6 Hardback £65.00 / US$99.00 978-1-107-42732-7 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107074736

Towards a Knowledge Society New Identities in Emerging India Debal K. SinghaRoy Indira Gandhi National Open University

India is at the threshold of an emerging knowledge society. The book studies knowledge society as one that brings in new social arrangements, new forms of mobility, new identities, new social conflicts and networks of power along with varieties of disorientations and discontinuities in society.

‘Professor Debal SinghaRoy writes in a way that is both lucid and analytically profound … This work will leave a

For all formats available, see

www.cambridge.org/9781107065451

Innovation in India Combining Economic Growth with Inclusive Development Edited by Shyama V. Ramani

This volume evaluates the performance of innovation in India and the role of its scientific establishment. It discusses the impact of innovations on inclusive development through a presentation of the traditional healthcare system, innovations in the sanitation sector and the lessons learnt from India on innovation-making for the poor.

www.cambridge.org/9781107037564

Law and Development of Middle-Income Countries Avoiding the Middle-Income Trap Edited by Randall Peerenboom La Trobe University, Victoria, Australia

and Tom Ginsburg University of Chicago

This volume asks why many middleincome countries fail to develop after a promising start, becoming mired in the so-called middle-income trap. It addresses the challenges they face from theoretical and practical perspectives and is the first to cover law and development issues in such countries from the perspective of political, administrative and legal institutions and policies.

2014 228 x 152 mm 408pp 6 b/w illus. 1 colour illus. 1 map 28 tables 978-1-107-02815-9 Hardback £65.00 / US$99.00 978-1-107-60919-8 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107028159

This book traces the trajectories of nanotechnology carved out by both developed countries like the USA, South Korea and the EU as well as emerging economies like China, India, Brazil and Mexico. It also explains how these countries have identified new opportunities and technologies to achieve sustainable advantage in nanotechnology.

2014 228 x 152 mm 279pp 978-1-107-03758-8 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107037588

The Economic and Social History of Brazil since 1889 Universidade de São Paulo

and Herbert S. Klein

This is the first complete economic and social history of Brazil in the modern period in any language. It provides a detailed analysis of the evolution of the Brazilian society and economy from the end of the empire in 1889 to the present day.

‘Brazil … [is] already the seventh largest economy in the world and is poised to become the fifth largest by mid-century. And yet, to foreigners it remains a broadly exotic country …

Part of the reason why [it] remains a known unknown to the world at large is the lack of an authoritative account of the historical trends that have defined modern Brazilian society and economy. With the publication of [this book] this will no longer be the case.

Eminent economic historians [Luna and Klein] provide a detailed analysis of the evolution of Brazilian society and economy from the end of the empire to the present day. Led by the fluent prose and the deep knowledge of the authors, readers will marvel at the deep changes that have occurred in more than a century of Brazil’s history and at the extraordinary position in which the nation now finds itself …’

Edmar Bacha, Casa das Garças Institute of Economic Policy Studies

Economic development and growth / Public economics and public policy 2014 228 x 152 mm 454pp 162 b/w illus. 6 maps 10 tables 978-1-107-04250-6 Hardback £55.00 / US$90.00

the understanding of property rights and economic growth.

978-1-107-61658-5 Paperback £19.99 / US$32.99

2014 228 x 152 mm 338pp 19 b/w illus. 13 tables 978-1-107-04155-4 Hardback £65.00 / US$99.00

For all formats available, see

For all formats available, see

www.cambridge.org/9781107042506

Capabilities, Gender, Equality Towards Fundamental Entitlements Edited by Flavio Comim Universidade Federal do Rio Grande do Sul, Brazil

and Martha C. Nussbaum University of Chicago

A multidisciplinary group of experts provide unique reflections on the capabilities or ‘human development’ approach to understanding well-being and basic political entitlements. With a special focus on Martha C. Nussbaum’s contributions to political philosophy, this thought-provoking book will interest a wide-range of readers and policy-makers interested in human development policies.

‘This wonderful collection of essays provides an intellectual feast.

The authors engage deeply with Nussbaum’s capability approach (as distinct from Amartya Sen’s capability approach) from a wide range of perspectives – political philosophy, gender, environment, poverty, justice – revealing both Nussbaum’s originality and their own insights. You wish yourself immediately in the same room, conversing.’

Bina Agarwal, University of Manchester 2014 228 x 152 mm 484pp 5 b/w illus. 11 tables 978-1-107-01569-2 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107015692

Institutions, Property Rights, and Economic Growth The Legacy of Douglass North Edited by Sebastian Galiani University of Maryland, College Park

and Itai Sened Washington University, St Louis

This volume showcases the impact of the work of Douglass C. North, winner of the Nobel Prize and father of the field of new institutional economics. It speaks concisely about his legacy across multiple social sciences disciplines, specifically on scholarship pertaining to

www.cambridge.org/9781107041554

Dictators and Democracy in African Development The Political Economy of Good Governance in Nigeria A. Carl LeVan American University, Washington DC

Drawing on a historical study of Nigeria since independence, this book argues that the structure of the policy-making process – by which different policy demands are included or excluded – explains variations in government performance better than other commonly cited factors, such as oil, colonialism, ethnic diversity, foreign debt, and dictatorships.

African Studies

2015 228 x 152 mm 312pp 4 b/w illus. 7 tables 978-1-107-08114-7 Hardback £60.00 / US$95.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107081147

Highlight

Productivity Convergence Theory and Evidence Edward N. Wolff New York University

A vast new literature on the sources of economic growth has now accumulated.

This book critically reviews the most significant works in this field and summarizes what is known today about the sources of economic growth.

Each chapter emphasizes the factors that appear to be most important in explaining growth performance.

Cambridge Surveys of Economic Literature

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Public economics and public policy Freedom and the Pursuit of Happiness An Economic and Political Perspective Sebastiano Bavetta Università degli Studi, Palermo, Italy

Pietro Navarra Università degli Studi di Messina, Italy

and Dario Maimone Università degli Studi di Messina, Italy

Different types of freedom have different impacts on happiness, as socioeconomic circumstances change. As the economy grows, happiness depends more on non-intrusive institutions that do not constrain people’s political and economic possibility of self-expression.

The implications for policy cannot be underestimated: maximizing freedom is a major goal in the pursuit of happiness.

‘The authors take the concept of freedom beyond anything that has been done before. They start with an appealing philosophical concept, translate it into a neat formal definition, give it a convincing operationalization, and put the whole thing to work in an intriguing empirical analysis of autonomy, freedom, and the welfare state.

Bavetta, Navarra, and Maimone have given economics its freedom, and freedom its economics. This compelling book will fascinate readers, whether they are theoretically, empirically, practically, or philosophically inclined.’

Cristina Bicchieri, S. J. Patterson Harvie Professor of Philosophy and Psychology, University of Pennsylvania 2014 228 x 152 mm 253pp 99 b/w illus. 34 tables 978-1-107-03773-1 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107037731

2014 228 x 152 mm 532pp 50 b/w illus. 47 tables 978-0-521-66284-0 Hardback £80.00 / US$140.00 978-0-521-66441-7 Paperback £37.50 / US$60.00 For all formats available, see

www.cambridge.org/9780521662840

For regular email alerts visit www.cambridge.org/alerts

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Public economics and public policy / Political economy The Economics of Public-Private Partnerships A Basic Guide Eduardo Engel Universidad de Chile

Ronald D. Fischer Universidad de Chile

and Alexander Galetovic Universidad de Los Andes, Santiago, Chile

The authors provide a summary of the main lessons learned from the interplay of experience and the academic literature on public-private partnerships (PPPs), addressing such key issues as when governments should choose a PPP instead of a conventional provision, how PPPs should be implemented, and the appropriate governance structures for PPPs. ‘It should surprise no one today that private provision of public services is no panacea, and this excellent book is a clear-eyed overview of the promises and pitfalls of publicprivate partnerships. It belongs on the shelf of anyone who cares about infrastructure, public-private partnerships, or indeed the very future of government itself. It is lucid and well written and filled to the brim with wisdom, insight, and far-ranging knowledge.’

Edward Glaeser, Glimp Professor of Economics, Harvard University, Massachusetts 2014 216 x 138 mm 192pp 12 b/w illus. 16 tables 978-1-107-03591-1 Hardback £55.00 / US$90.00 978-1-107-63278-3 Paperback £23.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107035911

and collective decision making. With this finely crafted edited volume jam-packed with distinguished contributors, Martinez-Vazquez and Winer set a new agenda for the debate on the relationship between compulsion and effective government.’

Margaret Levi, Director, Center for Advanced Study in Behavioral Sciences, Stanford University 2014 228 x 152 mm 368pp 26 b/w illus. 29 tables 978-1-107-05278-9 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107052789

Globalization and Mass Politics Retaining the Room to Maneuver Timothy Hellwig Indiana University, Bloomington

This book analyzes how increases in international trade, finance, and production have altered voter decisions, political party positions, and the types of public issues that parties focus on in postindustrial democracies.

‘Timothy Hellwig draws several new and fascinating implications from his pioneering argument that globalization reduces the propensity of an electorate to reward and punish incumbent politicians for the state of the domestic economy. Here, we have a convincing explanation for the reorientation of domestic political competition around noneconomic issues in Western democracies: globalization crowds out contestation over economic policy. This is the rare work that will attract interest from both voting behavior scholars and political economists.’

Andy Baker, University of Colorado, Boulder

Coercion and Social Welfare in Public Finance Economic and Political Perspectives Edited by Jorge Martinez-Vazquez Georgia State University

and Stanley L. Winer Carleton University, Ottawa

The essays in this book focus on coercion in public finance, an essential part of social life. Building on a tradition which views problems of collective choice as integral to an understanding of the public economy, these essays use contemporary frameworks to study relationships between fiscal coercion and economic welfare.

‘Taking seriously the role of coercion in public finance represents a significant advance in economic thinking about taxation, welfare,

Cambridge Studies in Comparative Politics

2015 228 x 152 mm 232pp 38 b/w illus. 32 tables 978-1-107-07507-8 Hardback £55.00 / US$85.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107075078

Public Services in EU Law Wolf Sauter Universiteit van Tilburg, The Netherlands

A comprehensive overview of the EU law on public services (or services of general economic interest). Covering the Treaty itself, general secondary law (such as the Services Directive), and sector specific regimes such as those for energy and electronic communications. Essential

reading for those looking for a broader understanding of the subject.

Law in Context

2014 247 x 174 mm 292pp 4 b/w illus. 1 table 978-1-107-06612-0 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107066120

Too Weak to Govern Majority Party Power and Appropriations in the U.S. Senate Peter Hanson University of Denver

Too Weak to Govern demonstrates the majority party’s important and underestimated ability to control the unruly Senate floor. The majority party protects its reputation and eases the passage of the budget when it creates massive ‘omnibus’ spending bills, but its strategy has contributed to the breakdown of the federal budget process.

‘Peter Hanson’s experience in the Senate gives him substantial insight into the chamber. He explains the challenge of leading the Senate and how contention on the floor is linked to the breakdown of the appropriations process. This is a valuable book for policy makers, students and anyone interested in understanding today’s Senate.’

Tom Daschle, former Senator and Senate Majority Leader 2015 228 x 152 mm 206pp 46 b/w illus. 25 tables 978-1-107-06315-0 Hardback £50.00 / US$80.00 978-1-107-63587-6 Paperback £18.99 / US$29.99 Publication January 2015 For all formats available, see

www.cambridge.org/9781107063150

Political economy Anarchy Unbound Why Self-Governance Works Better Than You Think Peter T. Leeson George Mason University, Virginia

Peter T. Leeson uses rational choice theory to explore the benefits of selfgovernance. Relying on experience from the past and present, Professor Leeson provides evidence of anarchy ‘working’

Political economy where it is least expected to do so and explains how this is possible.

‘In the best tradition of Coase, Peter Leeson shows how, in most surprising times and places, individuals managed to organize their lives and affairs cooperatively without any help from government. The history in this book is fascinating; the economics is powerful; and the writing is beautiful.’

Andrei Shleifer, Harvard University Cambridge Studies in Economics, Choice, and Society

2014 228 x 152 mm 268pp 4 b/w illus. 5 tables 978-1-107-02580-6 Hardback £50.00 / US$75.00 978-1-107-62970-7 Paperback £18.99 / US$27.99 For all formats available, see

www.cambridge.org/9781107025806

Diasporas and Foreign Direct Investment in China and India Min Ye Boston University

This book offers a comparative and historical analysis of foreign direct investment (FDI) liberalization in China and India and explains how the return of these countries’ diasporas affects such liberalization. It examines diasporic investment from Western FDIs and finds that diasporas, rather than Western nations, have fueled globalization in the two Asian giants.

‘Economic studies of foreign direct investment have largely ignored the social context in which such investment takes place. In this powerful corrective, Min Ye traces the effects of diasporas not only on capital flows but on the wider policy context. She reinterprets the economic opening of the two developing giants – China and India – and their wider growth experience more generally.’

Stephan Haggard, Krause Professor, Graduate School of International Relations and Pacific Studies, University of California San Diego 2014 228 x 152 mm 260pp 16 b/w illus. 3 maps 25 tables 978-1-107-05419-6 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107054196

Highlight

The United States in a Warming World The Political Economy of Government, Business, and Public Responses to Climate Change Thomas L. Brewer Georgetown University, Washington DC

Written for audiences both outside and within the United States, this accessible book addresses the widespread desire to better understand how climate change issues are addressed in the US by providing an unparalleled analysis of the political and economic factors that shape its responses to climate change.

‘Thomas Brewer is one of the world’s leading experts on the political economy of international trade and related policies. Now, in this new book, he brings his calm, analytical and typically balanced approach to an important and timely issue, the political economy of global climate change policy in the United States.

Professor Brewer’s assessment merits a careful look by scholars and practitioners alike.’

Robert N. Stavins, Albert Pratt Professor of Business and Government, John F. Kennedy School of Government, Harvard University 2014 247 x 174 mm 378pp 17 b/w illus. 4 maps 26 tables 978-1-107-06921-3 Hardback £65.00 / US$99.00 978-1-107-65569-0 Paperback £24.99 / US$39.99

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will gain highly relevant insights into these key players from this excellent volume.’

Harald Norvik, CEO of Statoil, 1988–1999 2014 229 x 152 mm 1036pp 45 b/w illus. 80 tables 978-1-107-43896-5 Paperback £26.99 / US$39.99 Also available 978-1-107-00442-9 Hardback £104.99 / US$169.99 For all formats available, see

www.cambridge.org/9781107438965

Key Reference

The Cambridge History of Capitalism Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts

A definitive two-volume work on the rise, development, spread and impact of capitalism across the world.

‘In many respects the history of capitalism is the history most relevant to our times. It’s a huge story and is well told in this very important book.’

Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University 2014 228 x 152 mm 1400pp 54 b/w illus. 5 maps 27 tables 978-1-107-03694-9 2-Volume Hardback Set £150.00 / US$230.00 For all formats available, see

www.cambridge.org/9781107036949

For all formats available, see

www.cambridge.org/9781107069213

New in Paperback

Oil and Governance State-Owned Enterprises and the World Energy Supply Edited by David G. Victor University of California, San Diego

David R. Hults Stanford University, California

and Mark C. Thurber Stanford University, California

National Oil Companies (NOCs) play an important role in the world economy.

They produce most of the world’s oil and bankroll governments across the globe. This book explains the variation in performance and strategy for NOCs and provides fresh insights into the future of the oil industry.

Key Reference

The Cambridge History of Capitalism Volume 1: The Rise of Capitalism: From Ancient Origins to 1848 Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts

Volume 1 of a definitive two-volume reference tracing the rise and development of capitalism from ancient to modern times.

2014 228 x 152 mm 628pp 28 b/w illus. 5 maps 13 tables 978-1-107-01963-8 Hardback £85.00 / US$130.00 For all formats available, see

www.cambridge.org/9781107019638

‘State-owned oil companies play a pivotal role in today’s petroleum industry. Policymakers, industry leaders, and interested observers alike

Visit our website at www.cambridge.org/academic

18

Political economy / History of economic thought and methodology Key Reference

The Cambridge History of Capitalism Volume 2: The Spread of Capitalism: From 1848 to the Present Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts

Volume 2 of a definitive two-volume reference exploring the spread and impact of capitalism across the world.

2014 228 x 152 mm 577pp 26 b/w illus. 14 tables 978-1-107-01964-5 Hardback £85.00 / US$130.00 For all formats available, see

www.cambridge.org/9781107019645

Highlight

Economic Politics in the United States The Costs and Risks of Democracy Second edition William R. Keech

Varieties of Liberalization and the New Politics of Social Solidarity Kathleen Thelen Massachusetts Institute of Technology

This book examines contemporary changes in labor market institutions in the United States, Germany, Denmark, Sweden, and the Netherlands, focusing on developments in industrial relations, vocational education and training, and labor market policy. While confirming a liberalizing trend, it finds that there are in fact distinct varieties of liberalization associated with very different distributive outcomes.

Cambridge Studies in Comparative Politics

2014 228 x 152 mm 273pp 24 b/w illus. 9 tables 978-1-107-05316-8 Hardback £40.00 / US$60.00 978-1-107-67956-6 Paperback £16.99 / US$22.99 For all formats available, see

www.cambridge.org/9781107053168

economic integration and the growing economic conflicts between advanced economics and large emerging markets.

Political Economy of Institutions and Decisions

2014 228 x 152 mm 184pp 11 b/w illus. 23 tables 978-1-107-04034-2 Hardback £60.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107040342

History of economic thought and methodology Resources, Production and Structural Dynamics Edited by Mauro L. Baranzini Università della Svizzera Italiana, Switzerland

Claudia Rotondi

Duke University, North Carolina

Highlight

Università Cattolica del Sacro Cuore, Milano

The book shows how and why democracy has worked well or badly as measured by US macroeconomic performance.

The Dilemma of the Commoners

University of Cambridge

‘In this important new edition, Bill Keech, one of the first political scientists to apply macroeconomic tools and research to political questions, revisits his prior inquiry on the ‘health’ of economic politics.

But, in doing so, he also extends his discussion to incorporate many new findings in macro political economy.

These additional results enhance our understanding of how and how well representative government performs.

What is more, this book reflects the author’s qualities: clear in exposition and sober in outlook. Very few social scientists have his scholarly breadth to engage the varied literatures from different disciplines – and even fewer could have written a contribution like this.’

Jim Granato, University of Houston 2013 228 x 152 mm 312pp 8 b/w illus. 8 tables 978-1-107-00414-6 Hardback £60.00 / US$95.00 978-0-521-17867-9 Paperback £22.99 / US$32.99 For all formats available, see

www.cambridge.org/9781107004146

Understanding the Use of Common Pool Resources in LongTerm Perspective Tine De Moor Universiteit Utrecht, The Netherlands

This book puts the debate on commons, commoners, and the disappearance of both throughout early modern and modern western Europe in a new light, through new approaches and innovative methodologies. Tine De Moor links the historical debate about the long-term evolution of commons to the presentday debates on common-pool resources.

Political Economy of Institutions and Decisions

and Roberto Scazzieri

Resources, Production and Structural Dynamics offers a fresh approach to the economic theory of resources, outlining a new structural framework for the political economy of scarcity and rents, and proposing a novel way of organising empirical evidence concerning the role of resources in industrial growth.

2015 228 x 152 mm 560pp 19 b/w illus. 19 tables 978-1-107-07909-0 Hardback £75.00 / US$120.00 Publication March 2015 For all formats available, see

www.cambridge.org/9781107079090

2015 216 x 138 mm 216pp 10 b/w illus.

978-1-107-02216-4 Hardback £65.00 / c. US$99.00

A Historiography of the Modern Social Sciences

Publication March 2015

Edited by Roger E. Backhouse

For all formats available, see

University of Birmingham

www.cambridge.org/9781107022164

and Philippe Fontaine Ecole Normale Supérieure de Cachan

Trading Spaces Foreign Direct Investment Regulation, 1970–2000 Sonal S. Pandya University of Virginia

This book examines why countries dismantled FDI restrictions over the period 1970–2000. It features statistical analyses of the most comprehensive dataset of industry-level FDI regulations to date. It also highlights the economic and political foundations of global

A Historiography of the Modern Social Sciences shows how the histories of psychology, economics, political science, anthropology, sociology and history have been written since the Second World War. It argues that a comparative interdisciplinary approach to the historiography of the different social

History of economic thought and methodology sciences reveals much about how history is written.

2014 228 x 152 mm 255pp 1 b/w illus. 1 table 978-1-107-03772-4 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107037724

Leon Walras: Elements of Theoretical Economics Or, The Theory of Social Wealth Léon Walras Edited and translated by Donald A. Walker Indiana University of Pennsylvania

and Jan van Daal Triangle, University of Lyons-2

The third edition (1896) of Léon Walras’ Elements of Theoretical Economics has been given a new translation for three reasons. First, this edition is Walras’ best theoretical work. Second, the two subsequent editions contain new elements that spoil his previous work.

Third, William Jaffé’s translation (1954) of the last edition is now outdated in view of recent research on Walras’ ideas.

‘Walras’s theory of general economic equilibrium has inspired many great economists, from Pareto, Wicksell, Fisher, and Schumpeter to Hicks, Samuelson, Arrow, Hahn, and Debreu.

It is therefore highly welcome that the third and finest edition of Walras’s opus magnum, Eléments, for the first time is made available in an excellent English edition thanks to Donald Walker and Jan van Daal, two leading Walrasian scholars.’

Harald Hagemann, University of Hohenheim 2014 228 x 152 mm 588pp 47 b/w illus. 4 tables 978-1-107-06413-3 Hardback £80.00 / US$125.00 For all formats available, see

www.cambridge.org/9781107064133

Model Building in Economics Its Purposes and Limitations Lawrence A. Boland Simon Fraser University, British Columbia

Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the testing of models. In a reflective manner, he raises serious questions about the assumptions and judgments

that model builders make in constructing models.

The Economics of Economists

‘The common practices of macroeconomists, like those of other tribes, look different when seen from inside or outside. Outsiders may see or take seriously things that insiders overlook because they seem part of the landscape. Professor Boland is an attentive and reflective outsider. I recommend especially his thoughts on the importance of defensibly realistic assumptions in macro model building.

You will find other insights if you look.’

Institutional Setting, Individual Incentives, and Future Prospects Edited by Alessandro Lanteri

Robert Solow, Professor Emeritus, Massachusetts Institute of Technology 2014 228 x 152 mm 200pp 2 b/w illus. 3 tables 978-1-107-03294-1 Hardback £55.00 / US$85.00 978-1-107-67347-2 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107032941

New in Paperback

Erasing the Invisible Hand Essays on an Elusive and Misused Concept in Economics Warren J. Samuels Michigan State University

Assisted by Marianne F. Johnson University of Wisconsin, Oshkosh

19

American University of Beirut

and Jack Vromen Erasmus Universiteit Rotterdam

In this volume, leading scholars investigate the profession of academic economics. The book addresses timely topics such as the consequences of the financial crisis on the discipline, as well as pluralism in research, academic organizations, teaching methodology, gender issues and professional ethics. Its interdisciplinary approach will attract a broad readership.

‘This is a very important and muchneeded contribution to scholarship on the economics profession. Is there herding behavior in economics? Is the profession unable to address issues of fundamental concern on account of its social organization? These questions and many others are investigated in this very welcome volume.’

John B. Davis, Marquette University, Wisconsin and Universiteit van Amsterdam 2014 228 x 152 mm 374pp 13 b/w illus. 24 tables 978-1-107-01570-8 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107015708

and William H. Perry

This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith. It interprets the concept as ideology, knowledge, and a linguistic phenomenon. It shows how the principal Chicago School interpretation misperceives and distorts what Smith believed on the economic role of government.

‘An unbelievably comprehensive account of what economists have meant by the invisible hand. This book should disabuse anyone of the notion that the concept is either simple or unproblematic.’

Roger E. Backhouse, University of Birmingham

Highlight

Eminent Economists II Their Life and Work Philosophies Edited by Michael Szenberg Touro College, New York

and Lall Ramrattan Pace University, New York

The sequel to Eminent Economists, this book presents the ideas of some of the most outstanding economists of the past half century. The contributors, representing divergent points of the ideological compass, present their life philosophies and reflect on their conceptions of human nature, society, justice, and the source of creative impulse.

2014 228 x 152 mm 358pp 978-1-107-61316-4 Paperback £22.99 / US$34.99

2014 228 x 152 mm 486pp 29 b/w illus.

978-1-107-04053-3 Hardback £55.00 / US$85.00

Also available 978-0-521-51725-6 Hardback £74.99 / US$109.99

978-1-107-65636-9 Paperback £21.99 / US$32.99

For all formats available, see

www.cambridge.org/9781107040533

For all formats available, see

www.cambridge.org/9781107613164

eBooks available at www.cambridge.org/ebookstore

20

History of economic thought and methodology / Economics (general) / Also of interest Money as God? The Monetization of the Market and its Impact on Religion, Politics, Law, and Ethics Edited by Jürgen von Hagen Universität Bonn

and Michael Welker Universität Heidelberg

A fascinating interdisciplinary study of the impact of the monetisation of market transactions on all aspects of our social, political, legal and spiritual lives.

This book brings together economists, theologians, historians, political scientists and lawyers to develop a comprehensive view of the nature and the social role of money.

2014 228 x 152 mm 466pp 3 b/w illus. 10 tables 978-1-107-04300-8 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107043008

Paul Samuelson on the History of Economic Analysis Selected Essays Edited by Steven G. Medema University of Colorado, Denver

Economics (general) The Moral Economy Poverty, Credit, and Trust in Early Modern Europe Laurence Fontaine Ecole des Hautes Etudes en Sciences Sociales, Paris

The Moral Economy examines the nexus of poverty, credit, and trust in early modern Europe, focusing on lending practices and the values that structured them. Laurence Fontaine creates a dialogue between past and present, contrasting their definitions of poverty, the role of the market, and the mechanisms of microcredit.

2014 228 x 152 mm 326pp 978-1-107-01881-5 Hardback £55.00 / US$90.00 978-1-107-60370-7 Paperback £19.99 / US$34.99

As one of the most famous economists of the twentieth century, Paul Samuelson revolutionized many branches of economic theory. This collection provides readers with a sense of the depth and breadth of Samuelson’s contributions to the study of the history of economics and illustrates his unique approach to the subject.

Historical Perspectives on Modern Economics

2015 228 x 152 mm 480pp 978-1-107-02993-4 Hardback £75.00 / US$110.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107029934

Behavioral Economics A History Floris Heukelom Radboud Universiteit Nijmegen

The book discusses the theories, theorists, and contexts from which behavioral economics arose and shows how this new field in economics subsequently developed.

Historical Perspectives on Modern Economics

2014 228 x 152 mm 231pp 6 b/w illus. 1 table 978-1-107-03934-6 Hardback £55.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107039346

Electric Power Struggles Jennie Stephens Clark University, Massachusetts

Elizabeth J. Wilson University of Minnesota

and Tarla Rai Peterson Texas A & M University

This book is designed for those interested in energy system change, renewable energy, sociotechnical transitions, electricity, climate mitigation, and climate change adaptation. The contribution this book makes is valuable because it goes beyond conventional technical and economic perspectives to explore the social implications of the diversity of smart grid futures.

2015 253 x 177 mm 224pp 11 b/w illus.

978-1-107-04728-0 Hardback £60.00 / US$95.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107047280

For all formats available, see

www.cambridge.org/9781107018815

Also of interest

and Anthony M. C. Waterman University of Manitoba, Canada

Smart Grid (R) Evolution

Rice Global Networks and New Histories Edited by Francesca Bray University of Edinburgh

Peter A. Coclanis University of North Carolina, Chapel Hill

Edda Fields-Black Carnegie Mellon University, Pennsylvania

and Dagmar Schaefer University of Manchester

The history of rice is currently a vital and innovative field of research attracting serious attention, but no attempt has yet been made to write a history of rice and its place in capitalism from a global and comparative perspective. Rice is a first step toward such a history.

2015 228 x 152 mm 436pp 28 b/w illus. 13 maps 8 tables 978-1-107-04439-5 Hardback £65.00 / US$99.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107044395

The Merchant Republics Amsterdam, Antwerp, and Hamburg, 1648–1790 Mary Lindemann University of Miami

The Merchant Republics analyzes the ways in which three major economic powerhouses – Amsterdam, Antwerp and Hamburg – developed dual identities as ‘communities of commerce’ and republics over the course of the long eighteenth century (c.1648–1790).

‘Comparative history of this kind is a very difficult genre to produce, but Mary Lindemann has succeeded to a remarkable extent. This book is far more than three parallel studies within one book. By acknowledging the real contrasts between Amsterdam, Antwerp, and Hamburg, Lindemann is able to make some effective and revealing comparisons, located in the context of each city’s earlier evolution, and to highlight the real similarities.

Lindemann is one of the most distinctive voices currently writing about the ‘long eighteenth century’, and her latest book will add to her already high reputation.’

Hamish Scott, University of Glasgow 2014 228 x 152 mm 371pp 9 b/w illus.

978-1-107-07443-9 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107074439

Also of interest Ocean of Trade

Textbook

South Asian Merchants, Africa and the Indian Ocean, c.1750– 1850 Pedro Machado

The Cambridge Economic History of Modern Britain

Indiana University, Bloomington

Ocean of Trade offers an innovative study of trade, production and consumption across the Indian Ocean between the years 1750 and 1850.

Focussing on the Vaniya merchants of Diu and Daman, Pedro Machado reveals how local African and Indian consumption was central to the development of commerce across the Indian Ocean.

2014 228 x 152 mm 329pp 4 b/w illus. 6 maps 978-1-107-07026-4 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107070264

Textbook

The Cambridge Economic History of Modern Britain Volume 1: Industrialisation, 1700–1870 Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries University of Oxford

and Paul Johnson University of Western Australia, Perth

A new edition of the leading textbook on the economic history of Britain since industrialisation. Volume 1 (1700–1870) offers new approaches to classic issues such as the causes and consequences of industrialisation and the role of institutions, as well as introducing new issues such as globalisation, convergence and divergence.

Volume 2: Growth and Decline, 1870 to the Present Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries University of Oxford

and Paul Johnson University of Western Australia, Perth

A new edition of the leading textbook on the economic history of Britain since industrialisation. Volume 2 re-examines Britain’s relative economic growth and decline over the ‘long’ twentieth century, setting the British experience within an international context, and benchmarks its performance against that of its European and global competitors.

Contents: 1. Economic growth during the long twentieth century; 2. From empire to Europe: Britain in the world economy; 3. Population, migration and labour supply; 4. Health and welfare; 5. Income and living standards; 6. Technology, innovation and economic growth; 7. Consumption and affluence; 8. Cycles and depressions; 9. The City and the corporate economy; 10. Armaments and the economy; 11. The deindustrial revolution: the rise and fall of UK manufacturing, 1870–2010; 12. The rise of the service sector; 13. The household economy; 14. Growth of the public sector; 15. Soft power: the media industries; 16. Sterling and monetary policy; 17. Economic policy and management; 18. Economic ideas and ideology.

2014 247 x 174 mm 599pp 77 b/w illus. 71 tables 978-1-107-03846-2 Hardback £70.00 / US$120.00 978-1-107-68673-1 Paperback £29.99 / US$49.99

Contents: 1. The British Industrial Revolution in a European mirror; 2. Population geography and occupational structure; 3. Agriculture; 4. Health, nutrition and education; 5. Regions; 6. Labour markets and training/ apprenticeship; 7. Population and social mobility; 8. Consumption; 9. An age of progress; 10. Technology; 11. Finance; 12. Government and the economy; 13. Transport including shipping; 14. Trade and empire; 15. Economic thought and ideology; 16. Legacy of the early start.

For all formats available, see

2014 247 x 174 mm 512pp 42 b/w illus. 2 maps 75 tables 978-1-107-03845-5 Hardback £70.00 / US$120.00

University of Oxford

978-1-107-63143-4 Paperback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107038455

www.cambridge.org/9781107038462

Textbook

The Cambridge Economic History of Modern Britain Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries and Paul Johnson University of Western Australia, Perth

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evidence with economic theory and how to apply quantitative methods.

2014 247 x 174 mm 1072pp 119 b/w illus. 2 maps 978-1-107-06721-9 2-Volume Hardback Set £120.00 / US$200.00 978-1-107-64641-4 2-Volume Paperback Set £55.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107067219

Legacies of British Slave-Ownership Colonial Slavery and the Formation of Victorian Britain Catherine Hall University College London

Keith McClelland University College London

Nick Draper University College London

Kate Donington University College London

and Rachel Lang University College London

This volume re-inscribes slave-ownership in the history of nineteenth-century Britain, highlighting the crucial roles played by slave-owners and their immediate families in the formation of Victorian economy and society. It combines approaches from social, cultural, political and economic history to rethink the relationship between metropolitan Britain and colonial slavery.

2014 228 x 152 mm 335pp 13 b/w illus.

978-1-107-04005-2 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107040052

Climate Change 2014: Impacts, Adaptation and Vulnerability Working Group II Contribution to the IPCC Fifth Assessment Report Volume 1: Global and Sectoral Aspects Intergovernmental Panel on Climate Change

This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology,

A new edition of the leading textbook on the economic history of Britain since industrialisation. Leading historians and economists provide a clear guide to the major controversies in the field and show students how to connect historical

Visit our website at www.cambridge.org/academic

22

Also of interest ecology, atmospheric chemistry and environmental policy.

ecology, atmospheric chemistry and environmental policy.

2015 279 x 216 mm 1150pp 141 colour illus. 100 tables 978-1-107-05807-1 Hardback £120.00 / US$190.00

2015 279 x 216 mm 750pp 600 colour illus. 100 tables 978-1-107-05821-7 Hardback c. £119.99 / c. US$189.99

978-1-107-64165-5 Paperback £59.99 / US$99.99

978-1-107-65481-5 Paperback c. £59.99 / c. US$99.99

Publication February 2015

Publication March 2015

For all formats available, see

For all formats available, see

www.cambridge.org/9781107058071

www.cambridge.org/9781107058217

Climate Change 2014: Impacts, Adaptation and Vulnerability

Climate Change 2013: The Physical Science Basis

Working Group II Contribution to the IPCC Fifth Assessment Report Volume 2: Regional Aspects Intergovernmental Panel on Climate Change

Working Group I Contribution to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change Edited by Intergovernmental Panel on Climate Change

This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology, ecology, atmospheric chemistry and environmental policy.

2015 279 x 216 mm 750pp 65 colour illus. 52 tables 978-1-107-05816-3 Hardback £120.00 / US$190.00 978-1-107-68386-0 Paperback £59.99 / US$99.99 Publication February 2015 For all formats available, see

www.cambridge.org/9781107058163

Climate Change 2014: Mitigation of Climate Change Working Group III Contribution to the IPCC Fifth Assessment Report Intergovernmental Panel on Climate Change

This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology,

This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard scientific reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology, ecology, atmospheric chemistry, and environmental policy.

Review of the Fourth Assessment Report – Climate Change 2007: ‘… a milestone for climate change science and policy.’

Science 2014 279 x 216 mm 1552pp 609 colour illus. 189 tables 978-1-107-05799-9 Hardback £120.00 / US$190.00 978-1-107-66182-0 Paperback £60.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107057999

data, it will appeal to students, industry specialists and general business readers.

‘The global shipping industry has been a major driver and enabler underpinning the massive growth in world trade in recent decades. One of the major players in the sector – and one of the most innovative – has been Maersk Line. This fascinating book provides many insights not only into the development of Maersk itself but also the impact that the industry as a whole has had on the way that the world does business.’

Dr Martin Christopher, Emeritus Professor of Marketing and Logistics, Cranfield School of Management 2014 247 x 174 mm 469pp 92 colour illus. 95 tables 978-1-107-03781-6 Hardback £50.00 / US$80.00 For all formats available, see

www.cambridge.org/9781107037816

The Politics of Industrial Collaboration during World War II Ford France, Vichy and Nazi Germany Martin Horn McMaster University, Ontario

and Talbot Imlay Université Laval, Québec

Did Ford SAF sabotage the German war effort by deliberately manufacturing fewer military vehicles than they were capable of as they claimed after the war? This book offers a fascinating account of how the company negotiated the conflicting demands of French, German and American authorities to thrive during the war.

2014 228 x 152 mm 299pp 978-1-107-01636-1 Hardback £65.00 / US$99.00 For all formats available, see

Highlight

Creating Global Opportunities Maersk Line in Containerisation 1973–2013 Chris Jephson A. P. Moller-Maersk

and Henning Morgen A. P. Moller-Maersk

This book traces the rise to prominence of Maersk Line – the world’s leading container operator – putting its extraordinary expansion within the context of the globalisation of trade.

With unprecedented access to company archives, interviews and statistical

www.cambridge.org/9781107016361

The British Patent System during the Industrial Revolution 1700–1852 From Privilege to Property Sean Bottomley Université de Toulouse 1 Capitole

By radically expanding the evidential base, The British Patent System during the Industrial Revolution 1700–1852 establishes that the availability of enforceable patent rights helped to encourage the development and

Also of interest diffusion of technology during the eighteenth and nineteenth centuries.

Cambridge Intellectual Property and Information Law, 28

2014 228 x 152 mm 336pp 4 b/w illus. 7 tables 978-1-107-05829-3 Hardback £75.00 / US$125.00 For all formats available, see

www.cambridge.org/9781107058293

The Economic History of Latin America since Independence Third edition Victor Bulmer-Thomas University College London

This study covers the economic history of Latin America from independence in the 1820s to the present, stressing the differences between Latin American countries while recognizing the external influences to which the whole region has been subject. This revised third edition contains a wealth of new material that draws on the new research in this area.

‘Bulmer-Thomas’s third update of The Economic History of Latin America since Independence is the essential, even canonical, guide for a region of the world long dominated by commodities and their export.

Scrupulously detailed and balanced, the book outlines Latin America’s largely disappointing growth record without discounting the region’s economic variety, historical achievements, and social possibilities.

Those hoping to re-energize the study of Latin American economic history can start reading here.’

Paul Gootenberg, SUNY Distinguished Professor of History and Sociology, Stony Brook University, and author of Andean Cocaine: The Making of a Global Drug (2009) Cambridge Latin American Studies, 98

2014 228 x 152 mm 629pp 18 b/w illus. 3 maps 76 tables 978-1-107-02690-2 Hardback £75.00 / US$110.00 978-1-107-60855-9 Paperback £29.99 / US$45.00 For all formats available, see

www.cambridge.org/9781107026902

Economic Development in Early Modern France The Privilege of Liberty, 1650– 1820 Jeff Horn Manhattan College, New York

Focusing on the relationship between privilege and liberty, this is a major reinterpretation of economic development in early modern

France. It sheds new light on early industrialisation, the achievements of Louis XIV, the economics of the Enlightenment, the origins of the French Revolution and comparative economic development.

Cambridge Studies in Economic History – Second Series

2015 228 x 152 mm 320pp 978-1-107-04628-3 Hardback £65.00 / US$105.00 Publication February 2015 For all formats available, see

www.cambridge.org/9781107046283

The International Distribution of News The Associated Press, Press Association, and Reuters, 1848–1947 Jonathan Silberstein-Loeb University of Oxford

This book traces the history of international news agencies and associations around the world from 1848 to 1947. Jonathan SilbersteinLoeb argues that newspaper publishers formed news associations and patronized news agencies to cut the costs of news collection and exclude competitors from gaining access to the news.

Cambridge Studies in the Emergence of Global Enterprise

2014 228 x 152 mm 266pp 21 tables 978-1-107-03364-1 Hardback £55.00 / US$85.00 978-1-107-65783-0 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107033641

Cultivating Success in the South Farm Households in the Postbellum Era Louis A. Ferleger Boston University

and John D. Metz Library of Virginia

This book explores changes in rural households of the Georgia Piedmont through the material culture of farmers as they transitioned from self-sufficiency to market dependence. The period between 1880 and 1910 was a time of dynamic change when Southern farmers struggled to reinvent their lives and livelihoods.

‘Ferleger and Metz use an underutilized resource – probate records – to explain household-level production and consumption of yeoman farmers in three Georgia upcountry counties. They supplement probate data with census and Georgia

23

tax data and tell a compelling story about how rural yeoman farmers faced economic and social challenges during the postbellum period. In doing so, they make a worthy contribution to the literature on subsistence farming and postbellum agriculture, introducing historians to a set of underutilized resources that offer details about household behaviors, production, and consumption.’

Peggy Hargis, Georgia Southern University Cambridge Studies on the American South

2014 228 x 152 mm 214pp 12 b/w illus.

978-1-107-05411-0 Hardback £60.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107054110

Masters, Slaves, and Exchange Power’s Purchase in the Old South Kathleen M. Hilliard Iowa State University

This book examines the political economy of the master-slave relationship viewed through the lens of consumption and market exchange.

Cambridge Studies on the American South

2014 228 x 152 mm 228pp 6 b/w illus. 12 tables 978-1-107-04646-7 Hardback £55.00 / US$80.00 978-1-107-63664-4 Paperback £18.99 / US$27.99 For all formats available, see

www.cambridge.org/9781107046467

Highlight

Beyond Smoke and Mirrors Climate Change and Energy in the 21st Century Second edition Burton Richter Stanford University, California

Global climate change is one of the most important issues humanity faces today. This updated, second edition assesses the sensible, senseless and biased proposals for averting the potentially disastrous consequences of global warming, allowing the reader to draw their own conclusions on switching to more sustainable energy provision.

Burton Richter is a Nobel Prize-winning scientist who has served on many US and international review committees on climate change and energy issues.

He provides a concise overview of our knowledge and uncertainties within climate change science, discusses current energy demand and supply patterns, and the energy options available to cut emissions of greenhouse gases. Written

For regular email alerts visit www.cambridge.org/alerts

24

Also of interest in non-technical language, this book presents a balanced view of options for moving from our heavy reliance on fossil fuels into a much more sustainable energy system, and is accessible to a wide range of readers without scientific backgrounds – students, policymakers and the concerned citizen.

Review of previous edition: ‘… a wonderfully balanced overview.

It opens with a fine summary of the science linking carbon to climate … provides a concise primer on the economics of long-term climate policy, and concludes with a short, sensible, and well-argued set of opinions and policy recommendations.’

Physics Today Canto Classics

2014 216 x 138 mm 379pp 38 b/w illus.

978-1-107-67372-4 Paperback £12.99 / US$19.99 For all formats available, see

www.cambridge.org/9781107673724

Sustainability in the Global City Myth and Practice Edited by Cindy Isenhour University of Maine, Orono

Gary McDonogh Bryn Mawr College, Pennsylvania

and Melissa Checker Queens College, City University of New York

Urban sustainability has become integral to urban planning and policy making globally, but we know little about its practical consequences for everyday life, cultural change, and social justice.

The contributors to this unique volume look beyond sustainability’s promises and propaganda to explore its diverse human meanings and practices.

‘Urban policy makers focused on sustainability often ignore the growth of eco-apartheid in their own cities.

The contributors to this invaluable book confront the issue head-on, through exhaustive ethnographic research, and show us how and why environmental justice is the key to a green urban future.’

Andrew Ross, author of Bird on Fire: Lessons from the World’s Least Sustainable City New Directions in Sustainability and Society

2015 228 x 152 mm 448pp 34 b/w illus. 8 maps 978-1-107-07628-0 Hardback £70.00 / US$110.00 Publication January 2015 For all formats available, see

www.cambridge.org/9781107076280

Austrian Banks in the Period of National Socialism Gerald D. Feldman University of California, Berkeley

Introduction by Peter Hayes Northwestern University, Illinois

This book gives a detailed account of how two major banks – the Creditanstalt-Wiener Bankverein and the Länderbank Wien – profited from their service to the Nazi regime. It traces their involvement in the dispossession of Jewish business owners and in financing industrial firms vital to the Third Reich’s war effort.

Publications of the German Historical Institute

2015 253 x 177 mm 600pp 978-1-107-00165-7 Hardback £90.00 / US$140.00 Publication June 2015 For all formats available, see

www.cambridge.org/9781107001657

Index A Accounting for Carbon...........................11 Africa’s Development in Historical Perspective..........................................13 Akyeampong, Emmanuel........................13 Allen, Thomas J.........................................5 Allocation of Regulatory Competence in the EU Emissions Trading Scheme, The.. 12 Almost All About Unit Roots.....................3 Analysis of Panel Data..............................2 Analytics of Uncertainty and Information, The....................................4 Anarchy Unbound..................................16 Anderson, Terry L....................................12 Applied Choice Analysis............................1 Applied Nonparametric Econometrics........3 Austrian Banks in the Period of National Socialism.............................................24

B Backhouse, Roger E................................18 Banking in Crisis......................................7 Baranzini, Mauro L.................................18 Barron, Jennie........................................12 Bates, Robert H......................................13 Bavetta, Sebastiano................................15 Behavioral Economics.............................20 Bellassen, Valentin.................................11 Belleflamme, Paul.....................................4 Best-Worst Scaling...................................1 Beyond Smoke and Mirrors.....................23 Bikhchandani, Sushil................................4 Boland, Lawrence A................................19 Bottomley, Sean.....................................22 Bouma, Jetske A.....................................12 Bølviken, Erik...........................................7 Bray, Francesca.......................................20 Breakwell, Glynis M..................................4 Brewer, Thomas L...................................17 British Patent System during the Industrial Revolution 1700–1852, The.. 22 Brooks, Chris............................................7 Brousseau, Eric.........................................5 Browning, Martin.....................................4 Building Technology Transfer within Research Universities.............................5 Bulmer-Thomas, Victor............................23 Bunn, Matthew......................................11 Business Environment of Europe, The........8

C Cambridge Economic History of Australia, The......................................13 Cambridge Economic History of Modern Britain, The..........................................21 Cambridge History of Capitalism, The......

17, 18 Capabilities, Gender, Equality..................15 Capiński, Maciej J.....................................7 Causal Inference in Statistics, Social, and Biomedical Sciences...............................1 Chakravarty, Satya R.................................3 Checker, Melissa.....................................24 Chiappori, Pierre-André............................4 Choi, In....................................................3 Climate Change 2013 – The Physical Science Basis.......................................22 Climate Change 2014: Impacts, Adaptation and Vulnerability.......... 21, 22

Climate Change 2014: Mitigation of Climate Change...................................22 Coclanis, Peter A.....................................20 Coercion and Social Welfare in Public Finance...............................................16 Comim, Flavio........................................15 Commodity Price Dynamics.......................7 Computation and Modelling in Insurance and Finance...........................7 Coppens, Dominic....................................8 Course on Cooperative Game Theory, A.....3 Creating Global Opportunities................22 Cultivating Success in the South.............23 Current Federal Reserve Policy Under the Lens of Economic History.....................10

D De Moor, Tine.........................................18 Decade of the Multilatinas, The.................8 Decker, Christopher..................................5 Diasporas and Foreign Direct Investment in China and India...............................17 Diaz Anadon, Laura................................11 Dictators and Democracy in African Development.......................................15 Dijk, Dick van...........................................2 Dilemma of the Commoners, The............18 Donington, Kate.....................................21 Draper, Nick...........................................21 Dür, Andreas............................................8 Dynamic Economic Analysis......................2

E Economic and Social History of Brazil since 1889, The...................................14 Economic Development in Early Modern France.................................................23 Economic History of Latin America since Independence, The...............................23 Economic Politics in the United States.....18 Economics and Uncertainties of Nuclear Power, The...........................................10 Economics of Economists, The.................19 Economics of Public-Private Partnerships, The.................................16 Economics of the Family...........................4 Ecosystem Services.................................12 Electricity Restructuring in the United States..................................................12 Ellman, Michael......................................14 Elsig, Manfred..........................................8 Eminent Economists II............................19 Enfors, Elin.............................................12 Engel, Eduardo.......................................16 Entertainment Industry Economics............6 Environmental Markets...........................12 Erasing the Invisible Hand......................19 Ercanbrack, Jonathan...............................6 Expansionary Fiscal Contraction..............10 Expert Adjustments of Model Forecasts.....2

F Falkenmark, Malin..................................12 Feldman, Gerald D..................................24 Ferleger, Louis A.....................................23 Fields-Black, Edda..................................20 Fischer, Ronald D....................................16 Floud, Roderick......................................21 Flynn, Terry N............................................1 Folke, Carl..............................................12 Fontaine, Laurence.................................20

25

Fontaine, Philippe...................................18 Franses, Philip Hans..................................2 Freedom and the Pursuit of Happiness....15

G G20 Macroeconomic Agenda, The...........10 Gagliardini, Patrick...................................1 Galetovic, Alexander...............................16 Galiani, Sebastian..................................15 Ginsburg, Tom........................................14 Gjerstad, Steven D....................................6 Glachant, Jean-Michel..............................5 Globalization and Mass Politics...............16 Gouriéroux, Christian................................1 Granularity Theory with Applications to Finance and Insurance...........................1 Greene, William H....................................1 Grier, Robin............................................13 Grifell-Tatjé, Emili.....................................6 Guay, Terrence R.......................................8 Guellec, Dominique..................................6

H Hagen, Jürgen von.................................20 Hall, Catherine.......................................21 Hanson, Peter.........................................16 Hayes, Peter...........................................24 Hellwig, Timothy.....................................16 Henderson, Daniel J..................................3 Hensher, David A......................................1 Heukelom, Floris.....................................20 Hilbe, Joseph M........................................2 Hilliard, Kathleen M................................23 Hirshleifer, Jack........................................4 Historiography of the Modern Social Sciences, A..........................................18 Holland, Mike.........................................11 Horn, Jeff...............................................23 Horn, Martin..........................................22 Horncastle, Alan.......................................1 Hotson, Anthony....................................10 Hough, Jerry F.........................................13 How Much Is Clean Air Worth?...............11 Hsiao, Cheng............................................2 Hufbauer, Gary C....................................11 Hults, David R.........................................17 Humpage, Owen....................................10 Humphries, Jane.....................................21

I Imbens, Guido W......................................1 Imlay, Talbot...........................................22 Inama, Stefano.........................................9 Industrial Organization.............................4 Innovation in India.................................14 Innovative Entrepreneur, The.....................5 Inside China’s Automobile Factories..........9 Institutions, Property Rights, and Economic Growth................................15 Intergovernmental Panel on Climate Change......................................... 21, 22 International Distribution of News, The...23 International Relations Theory...................4 Interpreting WTO Agreements...................9 Introductory Econometrics for Finance......7 Isenhour, Cindy.......................................24 Isser, Steve.............................................12

J James, Kathryn.........................................7

eBooks available at www.cambridge.org/ebookstore

26

Index Japan’s Economic Planning and Mobilization in Wartime, 1930s–1940s.. 8 Jephson, Chris........................................22 Johnson, Marianne F...............................19 Johnson, Paul.........................................21

K Keech, William R....................................18 Klein, Herbert S......................................14 Kopp, Ekkehard........................................7 Kumbhakar, Subal C..................................1 Kydd, Andrew H........................................4

L Lang, Rachel..........................................21 Lannerstad, Mats...................................12 Lanteri, Alessandro.................................19 Law and Development of MiddleIncome Countries................................14 Law and Economics of a Sustainable Energy Trade Agreement, The...............11 Leeson, Peter T........................................16 Legacies of British Slave-Ownership........21 Leon Walras: Elements of Theoretical Economics...........................................19 LeRoy, Stephen F.....................................10 LeVan, A. Carl.........................................15 Lévêque, François...................................10 Libecap, Gary D......................................12 Lindemann, Mary...................................20 Long Process of Development, The..........13 Louviere, Jordan J.....................................1 Lovell, C. A. Knox......................................6 Luna, Francisco Vidal..............................14

M Machado, Pedro.....................................21 Madiès, Thierry.........................................6 Maimone, Dario.....................................15 Manufacturing of Markets, The.................5 Marley, A. A. J...........................................1 Martinez-Vazquez, Jorge.........................16 Masters, Slaves, and Exchange................23 McClelland, Keith...................................21 McDonogh, Gary....................................24 Medema, Steven G.................................20 Meléndez-Ortiz, Ricardo.........................11 Merchant Republics, The.........................20 Mertens, Jean-Francois.............................3 Metz, John D..........................................23 Mitra, Manipushpak.................................3 Miwa, Yoshiro..........................................8 Model Building in Economics..................19 Modeling Count Data...............................2 Modern Economic Regulation...................5 Money as God?......................................20 Moral Economy, The...............................20 Morgen, Henning...................................22

N Nanotechnology and Development.........14 Narayanamurti, Venkatesh......................11 Navarra, Pietro.......................................15 Neal, Larry....................................... 17, 18 Needham, Duncan..................................10 New Entrants Problem in International Fisheries Law, The..................................9 Nunn, Nathan........................................13 Nussbaum, Martha C..............................15

O O’Shea, Rory P..........................................5 Ocean of Trade.......................................21 Oil and Governance................................17 Opschoor, Anne........................................2 Our Uncommon Heritage........................11 Out of Poverty..........................................9

P Pagnoni, Gian Andrea.............................11 Pandya, Sonal S......................................18 Parmeter, Christopher F.............................3 Patent Markets in the Global Knowledge Economy...............................................6 Paul Samuelson on the History of Economic Analysis...............................20 Peerenboom, Randall.............................14 Peitz, Martin.............................................4 Perrings, Charles.....................................11 Perry, William H......................................19 Peterson, Tarla Rai..................................20 Pirrong, Craig...........................................7 Politics of Industrial Collaboration during World War II, The......................22 Portfolio Theory and Risk Management.....7 Powell, Benjamin......................................9 Practitioner’s Guide to Stochastic Frontier Analysis Using Stata, A..............1 Prager, Jean-Claude..................................6 Principles of Financial Economics............10 Productivity Accounting............................6 Productivity Convergence.......................15 Psychology of Risk, The.............................4 Public Services in EU Law.......................16

Q Qureshi, Asif H.........................................9

R Rabl, Ari.................................................11 Ramani, Shyama V..................................14 Ramrattan, Lall.......................................19 Renaissance of Renewable Energy, The...11 Repeated Games......................................3 Resources, Production and Structural Dynamics............................................18 Rethinking Housing Bubbles.....................6 Rice.......................................................20 Richter, Burton.......................................23 Riley, John G.............................................4 Rise of the Value-Added Tax, The..............7 Robinson, James....................................13 Roche, Stephen......................................11 Rockström, Johan...................................12 Rose, John M............................................1 Rotondi, Claudia....................................18 Rubin, Donald B.......................................1 Rules of Origin in ASEAN..........................9

S Samans, Richard.....................................11 Samuels, Warren J..................................19 Santiso, Javier..........................................8 Sarkar, Palash...........................................3 Sauter, Wolf...........................................16 Scazzieri, Roberto...................................18 Schaefer, Dagmar...................................20 Sened, Itai..............................................15 Serdy, Andrew..........................................9 Shome, Parthasarathi..............................10

Silberstein-Loeb, Jonathan......................23 Sim, Edmund W........................................9 SinghaRoy, Debal K................................14 Smart Grid (R)Evolution..........................20 Smith, Vernon L........................................6 Socialist Planning...................................14 Socio-Economic Development.................13 Sorger, Gerhard........................................2 Sorin, Sylvain............................................3 Spadaro, Joseph V...................................11 Spulber, Daniel F.......................................5 Stephan, Nicolas....................................11 Stephens, Jennie.....................................20 Sustainability in the Global City..............24 Swindle, Glen...........................................7 Szenberg, Michael..................................19 Szirmai, Adam........................................13

T Thelen, Kathleen....................................18 Thurber, Mark C......................................17 Time Series Models for Business and Economic Forecasting............................2 Too Weak to Govern...............................16 Towards a Knowledge Society.................14 Trade Cooperation....................................8 Trading Spaces.......................................18 Transformation of Islamic Law in Global Financial Markets, The...........................6 Transforming U.S. Energy Innovation.......11 Turner, John D...........................................7

U United States in a Warming World, The...17

V Valuation and Risk Management in Energy Markets.....................................7 van Beukering, Pieter J. H........................12 van Daal, Jan.........................................19 Varieties of Liberalization and the New Politics of Social Solidarity....................18 Victor, David G........................................17 Ville, Simon............................................13 Vogel, Harold L.........................................6 Vromen, Jack.........................................19

W Walker, Donald A....................................19 Walras, Léon..........................................19 Wang, Hung-Jen.......................................1 Water Resilience for Human Prosperity....12 Waterman, Anthony M. C........................20 Weiss, Yoram............................................4 Welker, Michael......................................20 Werner, Jan............................................10 Williamson, Jeffrey G........................ 17, 18 Wilson, Elizabeth J..................................20 Winer, Stanley L......................................16 Withers, Glenn.......................................13 Wolff, Edward N.....................................15 WTO Disciplines on Subsidies and Countervailing Measures.......................8

Y Ye, Min..................................................17

Z Zamir, Shmuel..........................................3 Zeben, Josephine van.............................12 Zhang, Lu.................................................9

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