Incentives, Organization, and Public Economics Papers in Honour of Sir James Mirrlees

by Hammond, Peter J.; Myles, Gareth

• ISBN13: 9780199242290
• ISBN10: 0199242291
• Format: Hardcover
• Copyright: 2001-03-01
• Publisher: Oxford University Press

Summary

This volume celebrates the career of Nobel Laureate Sir James Mirrlees. The contributions are all by leading authorities and range over Mirrlees' fields of interest: the economics of information, welfare, taxation, project appraisal, and industrial organization. The book will appeal to a wide audience of economists working in microeconomic theory.

Table of Contents

PART I. PERSPECTIVE
Introduction	3	(14)
Peter J. Hammond
Gareth D. Myles
PART II. INFORMATION
Corporate Diversification and Agency	17	(24)
Benjamin E. Hermalin
Michael L. Katz
Adverse Selection and Insurance with uberrima fides	41	(12)
Avinash Dixit
Strategic Experimentation: the Undiscounted Case	53	(16)
Patrick Bolton
Christopher Harris
Approximate Common Knowledge in a Search Model	69	(20)
Hyun Song Shin
PART III. WELFARE ECONOMICS
Wealth and Welfare	89	(18)
Partha Dasgupta
Adjusting One's Standard of Living: Two-Period Models	107	(16)
Peter Diamond
James Mirrlees
Who Should Provide Public Goods?	123	(28)
Jun-ichi Itaya
David de Meza
Gareth D. Myles
PART IV. TAX THEORY
An Optimal Earnings Schedule	151	(6)
Sudhir Anand
Non-linear Utility Pricing and Targeting the Poor	157	(14)
Ravi Kanbur
Ritva Tarkiainen
Matti Tuomala
A Reconsideration of the Optimal Income Tax	171	(22)
Kevin Roberts
PART V. PROJECT APPRAISAL
Reassessing the Diamond-Mirrlees Efficiency Theorem	193	(24)
Peter J. Hammond
Valuing Our Future: Cost-Benefit Analysis and Sustainability	217	(26)
Geoffrey Heal
Chinese Reforms from a Comparative Perspective	243	(38)
Athar Hussain
Nicholas Stern
Joseph Stiglitz
PART VI. INDUSTRIAL ORGANIZATION
Capital Structure and Imperfact Competition in Product Markets	281	(22)
Franklin Allen
Renegotiation In Repeated Oligopoly Interaction	303	(20)
Joseph Farrell
Competing against Bundles	323	(14)
Barry Nalebuff
On the Optimal Location of Capital	337	(16)
Anthony J. Venables
Name Index	353	(4)
Subject Index	357