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The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making

The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making

Hardcover

Series: Contributions to Economics

EconomicsGeneral Political Science

ISBN10: 3790821306
ISBN13: 9783790821307
Publisher: Springer Nature
Published: Nov 26 2009
Pages: 234
Weight: 1.14
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English
This book is one of the ?nal products of a research project on the effects of market imperfectionson economic behavior and decisions. The project was put together by four Italian universities (Universita di Roma Tor Vergata and La Sapienza U- versita Cattolica del Sacro Cuore - Piacenza and the Universita di Urbino Carlo Bo) in 2005 and funded by the Italian Ministry of Higher Education and Research for the period 2006-2007. The research title of the project Corporate governance, ?nancial systems and ?rms' performances was indicative of its agenda: to inv- tigate the role of market imperfections and their interactions on ?rms' decisions. In 2006 (May 12) the research group held the ?rst conference at the Universita di Urbino where intermediate results were ?rst presented and discussed with o- standing scholars from US, UK, and Italian universities, and the European Central Bank. The book reproduces the papers presented at the Universitad iRomaLa Sapienza conference (May 16-17 2008) and is organized in two parts. The ?rst one discusses imperfectionsthat are mainly related to the working of ?nancial m- kets. The second part includes contributions which focus on different topics of real market imperfections. We wish to thank Steve Nickell, Philip Vermeulen and all the participants at the Urbino and Rome conferences who made both events extremely productive with their scienti?c contributions. We are especially grateful to Bob Chirinko who p- ticipatedinbothconferencesandconstantlyencouragedustocarryoutourscienti?c project on the economics of imperfect markets.

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