Collection Clarendon lectures in economics
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Jean-Jacques Laffont, Auteur | Oxford : Oxford University Press | Clarendon lectures in economics | 2000Mainstream economics has recognized only recently the necessity of incorporating political constraints into economic analysis intended for policy advisors. "Incentives and political economy" uses recent advances in contract theory to build a nor[...]
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The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbit[...]
