03933nam 22005894a 450 991045486200332120200520144314.00-674-04289-110.4159/9780674042896(CKB)1000000000805477(StDuBDS)AH23050864(SSID)ssj0000198194(PQKBManifestationID)11172226(PQKBTitleCode)TC0000198194(PQKBWorkID)10169121(PQKB)10692322(MiAaPQ)EBC3300670(Au-PeEL)EBL3300670(CaPaEBR)ebr10328848(OCoLC)923116925(DE-B1597)574334(DE-B1597)9780674042896(EXLCZ)99100000000080547720031219d2004 uy 0engur|||||||||||txtccrMarkets and diversity[electronic resource] /Sherwin RosenCambridge, Mass. Harvard University Press20041 online resource (vii, 359 p. )illBibliographic Level Mode of Issuance: Monograph0-674-01075-2 Includes bibliographical references and indexes.Publisher's Note Introduction: Markets and Diversity Part I 1. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 2. Discrimination in the Market for Public School Teachers 3. The Value of Saving a Life: Evidence from the Labor Market 4. Learning and Experience in the Labor Market Part II 5. Substitution and Division of Labour 6. Education and Self-Selection 7. Specialization and Human Capital Part III 8. The Economics of Superstars 9. Authority, Control, and the Distribution of Earnings 10. Prizes and Incentives in Elimination Tournaments 11. Rank-Order Tournaments as Optimum Labor Contracts 12. Contracts and the Market for Executives IndexThe main theme of Sherwin Rosen's collection is how markets handle diversity, including the determination of value in the presence of diversity, the allocation of idiosyncratic buyers to specialized sellers, and the effects of heterogeneity and sorting on inequality.A staunch neoclassical economist, Sherwin Rosen drew inspiration from Adam Smith's Wealth of Nations , particularly his theory of compensating wage differentials, which Rosen felt was central to all economic problems involving product differentiation and spatial considerations. The main theme of his collection is how markets handle diversity, including the determination of value in the presence of diversity, the allocation of idiosyncratic buyers to specialized sellers, and the effects of heterogeneity and sorting on inequality. Rosen felt that good economics required combining simple but powerful concepts such as optimizing and equilibrium with careful empirical analysis. It was important for the relatively simple rules of behavior implied by rationality to have useful, empirically descriptive content and predictive power. If they did, it was often possible to infer underlying structure (tastes and technology, for example) from actual behavior. Using this approach, Rosen was able to develop powerful insights into such phenomena as the enormous salaries paid to sports and entertainment stars and top business executives. He also explored with fruitful results the premium paid to workers in risky jobs, learning and experience in the labor market, and other labor market phenomena.Labor marketDiversity in the workplaceElectronic books.Labor market.Diversity in the workplace.331.1Rosen Sherwin1938-2001.88836MiAaPQMiAaPQMiAaPQBOOK9910454862003321Markets and diversity2035920UNINA