Stock Image
Essays on economic decisions under uncertainty. (Presentation copy, signed and inscribed by Dr&...

Essays on economic decisions under uncertainty. (Presentation copy, signed and inscribed by Drèze.)

DRZE, Jacques H. (1929-):

ISBN 10: 0521264847 / ISBN 13: 9780521264846
Published by Cambridge, etc.: Cambridge University Press, 1987., 1987
Used Condition: Near Fine Hardcover
From Ted Kottler, Bookseller (Redondo Beach, CA, U.S.A.)

AbeBooks Seller Since January 5, 2002

Quantity Available: 1

Buy Used
Price: US$ 575.00 Convert Currency
Shipping: US$ 6.50 Within U.S.A. Destination, Rates & Speeds
Add to basket

30 Day Return Policy

About this Item

Presentation copy of the First Edition, inscribed: 'For Jack/in recognition of his profound/influence on my early/thinking, as a token of/gratitude and friendship/Jacques/9-7-87'. xxvii, 424 pp. Original cloth. Near Fine, in near fine dust jacket. 'While working on the thesis, I started working with Franco Modigliani on savings decisions under uncertainty. I soon realised that many other chapters of microeconomic theory similarly called for extension to uncertainty. My volume of collected papers, Essays on Economic Decisions under Uncertainty, consists of several parts: individual as well as public decisions, market equilibrium, consumer as well as producer decisions, human capital and labour contracts a breadth singled out for praise by John Hey in his kind review of the book. My alertness to the need of spelling out the extensions to uncertainty of many economic models is no doubt rooted in my early exposure to practical business situations: coping with uncertainty was part of the daily life of my father and of his customers' (Omar Licandro and Pierre Dehez, 'From uncertainty to macroeconomics and back: An interview with Jacques Drèze', on Licandro's European University Institute, Florence, Web site). 'Jacques Drèze was among the handful of economists responsible for resurrecting economic theory on continental Europe which had been left moribund for much of the century after the dissipation of the Lausanne School. The new European economics also came with a distinct flavor of its own: 'Non-Walrasian' theory. Also important in developing the theory of the firm and finance in the context of multiple ownership and the theory of equilibrium under uncertainty' (History of Economic Thought Web site; this book is included in the site's 'Major Works of Drèze). The 'Jack' who would have been closest to Drèze was Jack Hirshleifer, one of his visitors at the Center for Operations Research and Econometrics (CORE) in Louvain whose work is referred to many times in the text. But Hirshleifer's influence on Drèze could not be described as early, so I think a more likely possibility is Jack Muth, referred to twice in the text (pp. 402, 418). In Licando and Dehez, Drèze recalls, 'So, thanks to a 3-months deferment granted by the Belgian army, I spent the fall of 1954 at Carnegie, associating with Modigliani and Miller, but also Herbert Simon, Charnes and Cooper, Cyert and March or Jack Muth and the team developing Linear Decision Rules. I took there a course in multivariate statistics, to make up for the absence of any econometric teaching at Columbia, and discovered Operations Research, which proved valuable when I did my military service as an OR specialist (sic) working for the Quarter Master General.' A statement by Oliver E. Williamson, in 'Transaction Cost Economics: An Introduction' (Economics Discussion Paper 2007-3, March 1, 2007) lends credence to the thought Drèze would remember Muth fondly: 'Jacques Drèze, who was a visitor at Carnegie, speaks for me and many others in recalling his time at Carnegie as follows: 'Never since have I experienced such intellectual excitement' (1995, p. 123)' (Dreze 1995 = '40 Years of Public Economics A Personal Perspective,' Journal of Economic Perspectives 9 (2): 111-130 (Spring). Bookseller Inventory # 17586

Bibliographic Details

Title: Essays on economic decisions under ...

Publisher: Cambridge, etc.: Cambridge University Press, 1987.

Publication Date: 1987

Binding: Hardcover

Book Condition:Near Fine

Dust Jacket Condition: Near Fine

Signed: Signed by Author(s)

Edition: 1st Edition

About this title

Synopsis:

Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.

Book Description:

Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays.

"About this title" may belong to another edition of this title.

Store Description

Visit Seller's Storefront

Terms of Sale:

CREDIT CARD ORDERS MAY ONLY BE ACCEPTED ON BEHALF OF ABE. Personal/bank/traveler's checks (made payable to Ted Kottler), money orders, international money orders are fine. All books are First Editions, in original cloth bindings, and in Very Good or better condition, unless otherwise noted. Returns: with prior notice and within 10 days. I am always interested in purchasing First Editions of scholarly, hardcover books in the history of science and the history of medicine, as well as First Edition...

More Information
Shipping Terms:

Shipping costs are based on books weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact you to let you know extra shipping is required.

List this Seller's Books

Payment Methods
accepted by seller

Visa Mastercard American Express

Check Money Order Cash Bank Draft