The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory

Author:   Roger Frantz (San Diego State University, USA)
Publisher:   Elsevier Science Publishing Co Inc
ISBN:  

9780128152898


Pages:   258
Publication Date:   24 September 2019
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory


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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.

Full Product Details

Author:   Roger Frantz (San Diego State University, USA)
Publisher:   Elsevier Science Publishing Co Inc
Imprint:   Academic Press Inc
Weight:   0.390kg
ISBN:  

9780128152898


ISBN 10:   0128152893
Pages:   258
Publication Date:   24 September 2019
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction 2. Two beginnings 3. The “Big 3.” Simon, Katona, Leibenstein 4. It didn’t just happen overnight 5. Leibenstein before X-efficiency theory 6. X-efficiency. An intervening variable 7. Empirical research on XE: c.1967–1990 8. XE among US financial institutions 9. XE among financial firms in Asia 10. XE among Asian non-financial institutions 11. XE in Europe 12. XE in Australia and New Zealand, Latin America, the Middle East, Africa, and the world 13. Conclusions

Reviews

Explores the history of the field of behavioral economics, focusing on the relationship between the first and subsequent generations of behavioral economists. Explores studies on X-efficiency among financial institutions in the United States and Asia from circa 1990 to 2017. --Journal of Economic Literature


Author Information

Roger Frantz is Professor of Economics, San Diego State University. Roger Frantz has been a faculty member in the department of Economics at SDSU since 1978, attaining the rank of Full Professor in 1985. His fields of research are the history of economic thought, and behavioral economics. He has published in many Journals including Journal of Economic Psychology, Journal of Behavioral Economics, Journal of Socio-Economics, and many others. He is the Founding editor of the Journal of Behavioral Economics for Policy. He has authored and edited many books.

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