Akerlof, George A., and Robert J. Shiller. Phishing for Phools: The Economics of Manipulation and Deception, Princeton, New Jersey: Princeton University Press, 2015.
Akerlof, George A., and Rachel E. Kranton. Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, Princeton, New Jersey: Princeton University Press, 2010.
Akerlof, George A. and Robert J. Shiller. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Princeton, New Jersey: Princeton University Press, 2009.
Akerlof, George A. Explorations in Pragmatic Economics, Oxford University Press, 2005.
Akerlof, George A., and Janet Yellen（妻）. Efficiency Wage Models of the Labor Market. Orlando, Fla.: Academic Press, 1986.
Akerlof, George A. An Economic Theorist's Book of Tales: Essays that Entertain the Consequences of New Assumptions in Economic Theory, Cambridge University Press, 1984.
Akerlof, George A., Romer, Paul M.,Hall, Robert E., Mankiw N. Gregory Brookings Papers on Economic Activity, "Looting: The Economic Underworld of Bankruptcy for Profit" Vol. 1993, No. 2 , 1993.
"The Market for Lemons" and asymmetric information Akerlof is perhaps best known for his article,
"The Market for Lemons: Quality Uncertainty and the Market Mechanism",
published in Quarterly Journal of Economics in 1970, in which he identified certain severe problems that afflict markets characterized by asymmetric information, the paper for which he was awarded the Nobel Memorial Prize. In Efficiency Wage Models of the Labor Market, Akerlof and coauthor/former Fed Chair Janet Yellen propose rationales for the efficiency wage hypothesis in which employers pay above the market-clearing wage, in contradiction to the conclusions of neoclassical economics.
We have been discussing economic models in which "trust" is important. Informal unwritten guarantees are preconditions for trade and production. Where these guarantees are indefinite, busi- ness will suffer -as indicated by our generalized Gresham's law. This aspect of uncertainty has been explored by game theorists, as in the Prisoner's Dilemma, but usually it has not been incorpo- rated in the more traditional Arrow-Debreu approach to uncertainty. But the difficulty of distinguishing good quality from bad is inherent in the business world; this may indeed explain many economic institutions and may in fact be one of the more important aspects of uncertainty.
1986 - スニペット表示 - 他の版 "The Market for Lemons: Quality, Uncertainty and the Market Mechanism," Quarterly Journal of Economics 85 (August). ... "Insurance, Risk, and Resource- Allocation," in Aspects of the Theory of Risk-Bearing. ... "Labour Turnover, Wage Structures, and Moral Hazard: The Inefficiency of Competitive Markets," Journal of Labour ... Health insurance demand and health risk management in rural ...
3 Comments:
V. CONCLUSION
We have been discussing economic models in which "trust" is important. Informal unwritten guarantees are preconditions for trade and production. Where these guarantees are indefinite, busi- ness will suffer -as indicated by our generalized Gresham's law. This aspect of uncertainty has been explored by game theorists, as in the Prisoner's Dilemma, but usually it has not been incorpo- rated in the more traditional Arrow-Debreu approach to uncertainty. But the difficulty of distinguishing good quality from bad is inherent in the business world; this may indeed explain many economic institutions and may in fact be one of the more important aspects of uncertainty.
V.結論
私たちは「信頼」が重要である経済モデルについて議論してきました。 非公式の書面ではない保証は、貿易と生産の前提条件です。 これらの保証が不明確である場合、ビジネスは私達の一般化されたグレシャムの法則によって示されるように苦しむでしょう。 不確実性のこの側面は、囚人のジレンマのようにゲーム理論家によって探究されてきましたが、通常、不確実性に対するより伝統的なArrow-Debreuアプローチには取り入れられていません。 しかし、良い品質を悪いものと区別することの難しさは、ビジネスの世界に固有のものです。 これは確かに多くの経済制度を説明するかもしれず、実際には不確実性のより重要な側面の1つかもしれません。
The Philippine Economic Journal - 第 25～26 巻 - 201 ページ
https://books.google.co.jp/books?id...
1986 - スニペット表示 - 他の版
"The Market for Lemons: Quality, Uncertainty and the Market Mechanism," Quarterly Journal of Economics 85 (August). ... "Insurance, Risk, and Resource- Allocation," in Aspects of the Theory of Risk-Bearing. ... "Labour Turnover, Wage Structures, and Moral Hazard: The Inefficiency of Competitive Markets," Journal of Labour ...
Health insurance demand and health risk management in rural ...
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