The beginnings of behavioral economics

• Verfasst von: Frantz, Roger S. [VerfasserIn]
• Titel: The beginnings of behavioral economics
• Titelzusatz: Katona, Simon, and Leibenstein's X-efficiency theory
• Verf.angabe: Roger Frantz
• Verlagsort: Amsterdam
• Verlag: Academic Press
• Jahr: 2019
• Umfang: 1 online resource.
• Gesamttitel/Reihe: Perspectives in behavioral economics and the economics of behavior
• Fussnoten: Description based on CIP data; resource not viewed
• ISBN: 0-12-815705-4
• ISBN: 978-0-12-815705-3
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe
• Sach-SW: Hayek, Friedrich A. von ; (Friedrich August) ; 1899-1992
• Sach-SW: Katona, George ; 1901-1981
• Sach-SW: Leibenstein, Harvey
• Sach-SW: Simon, Herbert A ; (Herbert Alexander) ; 1916-2001
• Sach-SW: Économie politique ; Aspect psychologique
• Sach-SW: Développement économique
• Sach-SW: Revenu ; Répartition
• Sach-SW: economic development
• Sach-SW: Economic development
• Sach-SW: Economics ; Psychological aspects
• Sach-SW: Income distribution
• K10plus-PPN: 1892764849
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext
• Lokale URL UB: Bibliothek der Medizinischen Fakultät Mannheim der Universität Heidelberg
• Bibliothek/Idn: UW / m4544481678
• Lokale URL Inst.: Zum Volltext

Abstract

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior - XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages.