Specialization and economic organization:
Gespeichert in:
Hauptverfasser: | , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Amsterdam u.a.
North-Holland
1993
|
Schriftenreihe: | Contributions to economic analysis
215 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XVI, 507 S. graph. Darst. |
ISBN: | 0444886982 |
Internformat
MARC
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Datensatz im Suchindex
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adam_text |
xi
Contents
Preface vii
Contents xi
Introduction l
0.1. Intrinsic Relationship Between the Evolution of the
Division of Labor and Other Economic Phenomena 1
0.2. The Implications of the Dichotomy Between Pure Consumers
and Pure Producers for Economic Analysis 3
0.3. Why Economists Shifted Their Attention From the Economic
Organization Problem to the Resource Allocation Problem 4
0.4. Diversifying the Frameworks of Economic Analysis 12
Part I: Economies and Diseconomies of Specialization
Chapter 1: Analytical Frameworks of Economics 18
1.1. What is a Framework of Economic Analysis 18
1.2. Assessment of Quality of a Framework 21
1.3. The Framework in This Book 29
Chapter 2: Economies of Specialization and Transaction Costs 39
2.1. A System of Production for a Consumer producer 39
2.2. Preferences for Diverse Consumption and Transaction Costs 50
2.3. Individual Decision Problems 52
2.4. Equilibrium and Its Comparative Statics 59
2.5. Welfare Implications of Equilibrium 67
2.6. The Distinctive Features of Equilibrium in our Framework 69
Chapter 3: The Pricing Mechanism and ex post Transaction Costs 71
3.1. A Bilateral Bargaining Model 71
3.2. The Endogenization of the Choice of the First Mover 80
3.3. Why the Market Emerges from the Division of Labor 86
3.4. The Bargaining Equilibrium with Unemployment 90
3.5. The Endogenization of the Principal agent Relationship 92
Chapter 4: Economies and Diseconomies of Information
Asymmetry 94
xii Contents
4.1. Specialization and Economies of Information Asymmetry 94
4.2. Economies of Information Asymmetry 96
4.3. Dual Functions of the Price System: Coordinating the
Division of Labor and Promoting Information Asymmetry 99
4.4. The Function of the Market in Exploiting Economies of
Information Asymmetry 115
Part II: Rethinking Trade Theory and Development Economics
Chapter 5: Why and How International Trade Emerges from
Domestic Trade 117
5.1. Rethinking Trade Theory 117
5.2. Conflict Between Preferences for Diverse Consumption
and Economies of Specialization 118
5.3. The Equilibrium Level of Division of Labor 120
5.4. Comparative Statics 127
5.5. Evolution of the Division of Labor Generated by Exogenous
Evolution of Transaction Efficiency 134
5.6. Organizational Efficiency and the Function of the Market
in Discovering the Efficient Pattern of Organization 136
5.7. Emergence of International Trade from Domestic Trade 138
5.8. Why do we need the market? 142
5.9. Unequal Income Distribution and Dual Economy 144
Appendix 5.1: Proof of Lemma 2.1 for the Model in This Chapter 145
Chapter 6: Emergence of Professional Middlemen and
Urbanization 147
6.1. A Model with Trading Activities and Heterogeneous
Parameters 147
6.2. Decisions on Being a Professional Middleman 149
6.3. Market Structures and Corner Equilibria 151
6.4. The Pareto Optimal Pattern of Trade and Economic
Organization 156
6.5. How Does the Market Sort out the Efficient Pattern of
Economic Organization? 161
6.6. Equilibrium Trade Pattern, Level of Division of Labor,
and Urbanization 165
6.7. Emergence of Professional Middlemen and a Hierarchical
Structure of Economic Organization and a Dual Structure
Between the Urban and Rural Sectors 168
Appendix 6.1: Proof of Lemma 6.2 172
Appendix 6.2: Proof of Proposition 6.7 173
Chapter 7: Endogenous Evolution of the Division of Labor 176
7.1. Evolution of the Division of Labor, the Accumulation of
Contents xiii
Human Capital, and Development of Endogenous
Comparative Advantages 176
7.2. A Dynamic Model with Learning by Doing 178
7.3. Optimum Speed of Learning by Doing and Evolution of
Endogenous Comparative Advantage 181
7.4. The Evolution of the Extent of the Market, Trade
Dependence, Endogenous Comparative Advantages, and
Economic Structure 194
7.5. Rethinking Development Economics and Growth Theory 196
Appendix 7.1: Proof of Lemma 2.1 for the Dynamic Model 201
Chapter 8 Concurrent Increases in Specialization and
Consumption Variety 202
8.1. Why the Variety of Available Goods and Specialization
Increase Concurrently 202
8.2. Tradeoffs among Economies of Specialization, Economies
of Complementarity, and Transaction Costs 204
8.3. The Function of the Market in Determining the Efficient
Variety of Available Consumer Goods 206
8.4. Implications of the Endogenization of Aggregate
Demand 208
Part HI: Rethinking Theory of the Firm and Economics of
Property Rights
Chapter 9: Why and How Firms Emerge from the Division of
Labor 214
9.1. Why is the Institution of the Firm Needed? 214
9.2. Economies of Specialization in Roundabout Production 215
9.3. The Efficient Pattern of Economic Organization 216
9.4. The Institution of the Firm and the Structure of
Residual Rights 218
9.5. Economies of Specialization, Economies of Division of
Labor, and Economies of the Firm 223
9.6. Does the Structure of Residual Rights Make a
Difference? 228
Chapter 10: Function of the Market in Searching for Efficient
Contractual Arrangements 234
10.1. Formalizing the Economics of Property Rights 234
10.2. A Tradeoff Between Economies of Specialization and
Coordination Reliability 236
10.3. Concurrent Increases in Productivity, the Level of
Division of Labor, and a Risk of Coordination Failure 247
10.4. The Invisible Hand and "Market Failure" 252
xiv Contents
Chapter 11: The Extent of the Market and Rights Specified
in a Contract vs. Rights to Contracting 257
11.1. Two Functions of the Market: Executing Exchanges
and Keeping Pressure on the Incumbent Trader Partners 257
11.2. A Tradeoff Between Economies of Specialization and
Coordination Reliability 259
11.3. Efficient Vagueness of Property Rights and Market
Size 264
11.4. Possible Extensions and Applications 274
Part IV: Specialization and Hierarchical Structures of the
Division of Labor
Chapter 12: Emergence of New Producer Goods and Related New
Technology 277
12.1. A Tradeoff Between Economies of Specialization and
Economies of Complementarity 278
12.2. The Efficient Number of Producer Goods and Level of
Specialization 279
12.3. Concurrent Changes in the Level of Division of
Labor, Productivity, and Input Diversity 285
12.4. Changes in Economic Structure 288
Appendix 12.1: Proof of Lemma 12.1 291
Chapter 13: Economies of Roundaboutness and Industrialization 293
13.1. The Division of Labor and Roundabout Production 293
13.2. A Model with a Variable Hierarchical Structure of
Goods 295
13.3. Corner Equilibria in Ten Market Structures 298
13.4. Concurrent Evolution of Specialization and
Roundaboutness 305
13.5. Concurrent Evolution of Specialization, Roundaboutness,
and Firms and Disappearance of Traditional Goods 309
Appendix 13.1: The Structure with Goods z, y, v, x, and w 315
Appendix 13.2: The Structures without Good v 315
Chapter 14: Efficient Hierarchy and the Division of Labor 317
14.1. Why Can a Hierarchy Improve Efficiency? 317
14.2. A Centralized Hierarchy and the Division of Labor 319
14.3. A Decentralized Hierarchy and the Division of Labor 323
14.4. Evolution of the Hierarchical Structure of the Market 336
Contents XV
Part V: Complicated Dynamic Mechanisms Generating
Endogenous Evolution of the Division of Labor
Chapter 15: Entrepreneurship, Investment, and Experiments with
Economic Organizations 340
15.1. The Efficient Pattern of the Division of Labor in a
Walrasian Regime 341
15.2. Costs in Acquiring Information about the Efficient
Pattern of the Division of Labor 342
15.3. Information Costs and Endogenous Evolution of the
Division of Labor 346
15.4. Information Asymmetry, Entrepreneurship, and
Investment 356
15.5. Investment and the Function of the Price System in
Coordinating Experiments with Patterns of the
Division of Labor 361
Appendix 15.1: Solution of the Dynamic Programming Problem 363
Chapter 16: Concurrently Endogenous Evolution of Specialization,
Firms, and Product Diversity 366
16.1. A Dynamic Equilibrium Model with Learning by Doing
and an Endogenous Number of Producer Goods 367
16.2. Dynamic Equilibrium Level of Specialization and
Input Variety 370
16.3. Concurrent Evolution of Specialization, Variety of
Producer Goods, and the Institution of the Firm 380
Appendix 16.1: Proof of Lemma 16.1 385
Appendix 16.2: Proof of Proposition 16.1 386
Appendix 16.3: Proof of Proposition 16.2 389
Part VI: Empirical Evidence and Rethinking Macroeconomics
Chapter 17: Why and How Money Emerges from the Division of
Labor 391
17.1. Why Is Money Needed? 391
17.2. A Model Endogenizing the Monetary Regime 394
17.3. Efficient Level of Division of Labor and Monetary
Regime 3%
17.4. Implications of the Institution of the Firm for
Monetary Regime 405
Appendix 17.1: Proof of Lemma 17.1 408
Chapter 18: The Division of Labor, Business Cycles, and
Unemployment 411
xvi Contents
18.1. Market Failure or Market Miracle? 411
18.2. The Relationship Between the Business Cycle and
the Division of Labor 414
18.3. Cyclical vs. non cyclical Corner Equilibria 416
18.4. General Price Level, Business Cycles, and Unemployment
Rate 428
18.5. Emergence of Firms and Fiat Money from the Division of
Labor 432
Chapter 19: Testing the Theories in this Volume against
Empirical Observations 434
19.1. Difficulties in Testing the Theories in this Volume 434
19.2. The Model and Underlying Theory 438
19.3. Measuring the Level of Division of Labor 441
19.4. Quantifying Efficiency in Specifying and Enforcing Property
Rights 443
19.5. The Main Results 467
19.6 More Empirical Studies 468
Epilogue 471
References 482
Index 493 |
any_adam_object | 1 |
author | Yang, Xiaokai 1948-2004 Ng, Yew-Kwang 1942- |
author_GND | (DE-588)12055416X (DE-588)11293255X |
author_facet | Yang, Xiaokai 1948-2004 Ng, Yew-Kwang 1942- |
author_role | aut aut |
author_sort | Yang, Xiaokai 1948-2004 |
author_variant | x y xy y k n ykn |
building | Verbundindex |
bvnumber | BV006618968 |
callnumber-first | H - Social Science |
callnumber-label | HB172 |
callnumber-raw | HB172.Y36 1993 |
callnumber-search | HB172.Y36 1993 |
callnumber-sort | HB 3172 Y36 41993 |
callnumber-subject | HB - Economic Theory and Demography |
classification_rvk | QC 100 |
ctrlnum | (OCoLC)243736882 (DE-599)BVBBV006618968 |
dewey-full | 338.520 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 338 - Production |
dewey-raw | 338.5 20 |
dewey-search | 338.5 20 |
dewey-sort | 3338.5 220 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Book |
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illustrated | Illustrated |
indexdate | 2024-12-10T13:01:53Z |
institution | BVB |
isbn | 0444886982 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-004229688 |
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physical | XVI, 507 S. graph. Darst. |
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spelling | Yang, Xiaokai 1948-2004 Verfasser (DE-588)12055416X aut Specialization and economic organization Xiaokai Yang ; Yew-Kwang Ng Amsterdam u.a. North-Holland 1993 XVI, 507 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Contributions to economic analysis 215 Microeconomics Wirtschaft (DE-588)4066399-1 gnd rswk-swf Neue Mikroökonomie (DE-588)4120794-4 gnd rswk-swf Mikroökonomie (DE-588)4039225-9 gnd rswk-swf Arbeitsteilung (DE-588)4002787-9 gnd rswk-swf Spezialisierung (DE-588)4056183-5 gnd rswk-swf Spezialisierung (DE-588)4056183-5 s Wirtschaft (DE-588)4066399-1 s DE-604 Neue Mikroökonomie (DE-588)4120794-4 s Arbeitsteilung (DE-588)4002787-9 s Mikroökonomie (DE-588)4039225-9 s DE-188 Ng, Yew-Kwang 1942- Verfasser (DE-588)11293255X aut Contributions to economic analysis 215 (DE-604)BV000001445 215 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004229688&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Yang, Xiaokai 1948-2004 Ng, Yew-Kwang 1942- Specialization and economic organization Contributions to economic analysis Microeconomics Wirtschaft (DE-588)4066399-1 gnd Neue Mikroökonomie (DE-588)4120794-4 gnd Mikroökonomie (DE-588)4039225-9 gnd Arbeitsteilung (DE-588)4002787-9 gnd Spezialisierung (DE-588)4056183-5 gnd |
subject_GND | (DE-588)4066399-1 (DE-588)4120794-4 (DE-588)4039225-9 (DE-588)4002787-9 (DE-588)4056183-5 |
title | Specialization and economic organization |
title_auth | Specialization and economic organization |
title_exact_search | Specialization and economic organization |
title_full | Specialization and economic organization Xiaokai Yang ; Yew-Kwang Ng |
title_fullStr | Specialization and economic organization Xiaokai Yang ; Yew-Kwang Ng |
title_full_unstemmed | Specialization and economic organization Xiaokai Yang ; Yew-Kwang Ng |
title_short | Specialization and economic organization |
title_sort | specialization and economic organization |
topic | Microeconomics Wirtschaft (DE-588)4066399-1 gnd Neue Mikroökonomie (DE-588)4120794-4 gnd Mikroökonomie (DE-588)4039225-9 gnd Arbeitsteilung (DE-588)4002787-9 gnd Spezialisierung (DE-588)4056183-5 gnd |
topic_facet | Microeconomics Wirtschaft Neue Mikroökonomie Mikroökonomie Arbeitsteilung Spezialisierung |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004229688&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV000001445 |
work_keys_str_mv | AT yangxiaokai specializationandeconomicorganization AT ngyewkwang specializationandeconomicorganization |