The New Palgrave Dictionary of Economics

Founding Editorial Board KENNETH ARROW Stanford, Emeritus Professor of Economics, USA; SIR TONY ATKINSON Warden, Nuffield College, Oxford, UK; RICHARD BLUNDELL Professor of Economics, University College London, USA;WILLIAM BROCK Professor of Economics University of Wisconsin, USA;PARTHA DASGUPTA Professor of Economics, Cambridge, UK; PETER DIAMOND Institute Professor, Massachusetts Institute of Technology, USA; ROGER GUESNERIE Delta, PARIS Jourdan;JAMES HECKMAN Professor in Economics, University of Chicago, USA; ELHANAN HELPMAN Professor of International Trade, Harvard, USA; TAKATOSHI ITO Professor of Economics, University of Tokyo, Japan; ANDREU MAS-COLLEL Societat de la Informació, Spain;PETER PHILLIPS Sterling Professor of Economics & Professor of Statistics, Yale University, USA; THOMAS SARGENT WR Berkley Professor, New York University, USA; PETER TEMIN Economics Professor, Massachusetts Institute of Technology, USA;
Associate Editors ROGER BACKHOUSE, University of Birmingham, UK;IAIN BEGG, London School of Economics, UK; ROGER FOUQUET, London School of Economics, UK; IANNIS IOANNIDES, Tufts University, USA; GARETT JONES, George Mason University, USA; ADEEL MALIK, University of Oxford, UK, ROBERT PICARD; University of Oxford, UK and Yale Law School, USA;GORDON RAUSSER, University of California, Berkeley, USA; JONATHAN TEMPLE, University of Bristol, UK; CATHERINE TUCKER, Massachusetts Institute of Technology, USA; BRUCE WEINBERG, Ohio State University, USA; BARBARA WOLFE, University of Wisconsin, USA