LEADER 03899nam 22005774a 450 001 9910778438903321 005 20221107232041.0 010 $a0-674-04289-1 024 7 $a10.4159/9780674042896 035 $a(CKB)1000000000805477 035 $a(StDuBDS)AH23050864 035 $a(SSID)ssj0000198194 035 $a(PQKBManifestationID)11172226 035 $a(PQKBTitleCode)TC0000198194 035 $a(PQKBWorkID)10169121 035 $a(PQKB)10692322 035 $a(Au-PeEL)EBL3300670 035 $a(CaPaEBR)ebr10328848 035 $a(OCoLC)923116925 035 $a(DE-B1597)574334 035 $a(DE-B1597)9780674042896 035 $a(MiAaPQ)EBC3300670 035 $a(EXLCZ)991000000000805477 100 $a20031219d2004 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMarkets and diversity$b[electronic resource] /$fSherwin Rosen 210 $aCambridge, Mass. $cHarvard University Press$d2004 215 $a1 online resource (vii, 359 p. )$cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-674-01075-2 320 $aIncludes bibliographical references and indexes. 327 $aPublisher'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 Index 330 $aThe 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. 330 $bA 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. 606 $aLabor market 606 $aDiversity in the workplace 615 0$aLabor market. 615 0$aDiversity in the workplace. 676 $a331.1 700 $aRosen$b Sherwin$f1938-2001.$088836 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910778438903321 996 $aMarkets and diversity$93745131 997 $aUNINA