[...]... (EPPS) at University of Texas–Dallas He has published more than 40 articles and chapters in behavioral economics since 2001 in journals such as Journal of Economic Behavior and Organization, Social Choice and Welfare, and Contemporary Economic Policy Berg was a Fulbright Scholar in 2003, and his research has been cited in BusinessWeek, Canada’s National Post, The Village Voice, The Advocate, and Atlantic... an economist While completing a PhD in economics at the University of Chicago, he spent 2 years working as an analyst for the Federal Reserve Bank of Atlanta and taught for another year at Comenius University in Bratislava, Slovakia After finishing his degree, he spent 4 years working on a USAID project in Moscow on taxation and intergovernmental relations He has taught at the MA, MBA, and undergraduate... decisions (e.g., make-or-buy decisions, strategic alliances) on firm performance Her most recent work has investigated the trade-offs of managing efficient sourcing arrangements under conditions of rapid technological innovation Her work has appeared in the Strategic Management Journal, Management Science, and the Journal of Economic and Organizational Behavior, and she has won Best Paper awards from both... active educationist and the chairman of a trust called Vidyapith that supports education in India Marta Reynal-Querol is an ICREA Research Professor at the department of economics and business at Pompeu Fabra University She is also an affiliated professor at the Barcelona Graduate School of Economics She is a member of the editorial board of the Journal of Conflict Resolution and the European Journal of... (which he labeled tâtonnement, a term still used in the literature) starts again, until equilibrium is reached In short, transactions take place simultaneously, at equilibrium only, so that the same prices apply to all traders Instead, Marshall (1920) had in mind a sequence of bilateral transactions on a single market, in which each pair of traders negotiates a price and each transaction withdraws some... supporting an egalitarian perspective that had great impact on political debates If the same scheme holds for all individuals, they are all equal and have the same capacity for decision making; observed differences, if any, depend only on incentives, chance, and history This egalitarian view was shared by most economists of the time and strongly contrasted the (then also widespread) hierarchical stance that... to a situation in which supply equals demand on each market, so that all clear simultaneously A closely related, though distinct, question is whether and how actual trade practices will drive prices and quantities toward equilibrium Again, Marshall and Walras provided different answers Walras (1874/1977) proposed a model of auctions in which at given prices, all traders declare the quantity of each... Illinois, Urbana-Champaign He was a research economist with the American Medical Association and is currently the director of the Humboldt Economic Index, which collects and analyzes data on the regional economy Viktar Fedaseyeu is currently a doctoral candidate in finance at Boston College His primary research interests include bounded rationality, behavioral finance, corporate social responsibility, and the... period Its extraordinary development after World War II was largely due to the introduction into economics of highly advanced mathematical tools and of a new way of thinking about mathematics (Weintraub, 200 2a) The new tools allowed for a sophisticated refinement of Walras’s approach, named the Arrow-Debreu-McKenzie model after its main contributors A major achievement in the 1950s was a formal proof of... conflict between labor and capital, and the historical tendencies that brought about the modern economic system but also generated tensions that eventually led to its collapse Marx’s Capital (1867) attracted many followers in economics and also inspired political action directed at radical social, economic, and political change The Late Nineteenth Century and the “Neoclassical” (Marginalist) School From . 044 India SAGE Publications Asia-Pacific Pte. Ltd. 33 Pekin Street #0 2-0 1 Far East Square Singapore 048763 Printed in the United States of America Library of Congress Cataloging-in-Publication Data 21st. innovative approaches to analyzing issues and behavior and the expansion of economic analysis to nontraditional topics and arenas of activity have attracted new interest and atten- tion from citizens and. his work as a movie actor can be found at www.nathanberg.net. Mahadev Ganapati Bhat is an associate professor of nat- ural resource economics in the departments of earth and environment and economics