Skip to main content Accessibility help
×
  1. Home
  2. Browse subjects
  3. Economics
  4. Microeconomics
  5. Content listing

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

4562 results in Microeconomics

Page 47 of 229

  • 2 - Margin vs. Volume

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 14-54

  • Summary

    The focus of this chapter is the trade-off between margin and volume. The analysis is couched within the context of monopoly price-setting. It is shown how to relate the profit-maximzing price to the elasticity demand. It also defines consumer surplus and shows how it may be calculated.The usefulness of these concepts is illustrated via application to the question of regulating a monopolist and double marginalization. The chapter ends by connecting cost functions to production functions.

  • 4 - Competition

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 75-108

  • Summary

    This chapter introduces the basic models used to study imperfect competition: Bertrand, Cournot, Stackleberg, and Hotelling. Applications of these models are also described. Integrated into the exposition is an introduction to game theory and the concept of Nash equilibrium.

  • 1 - Introduction

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 1-13

  • Summary

    This chapter begins with a discussion of the rationality assumption in economics and introduces the model of quasi-linear preferences. Subsequently, it is shown how demand can be summarized using demand curves and elasticity of demand. It closes with a discussion of cost curves and returns to scale.

  • 5 - Preferences and Utility

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 109-144

  • Summary

    This chapter introduces preference orderings and their representation by utility functions. Also, the consumer choice problem as a utility-maximization problem and its applications. Income and the substitution effect are discussed.

  • 6 - Perfect Competition

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 145-175

  • Summary

    This chapter introduces the model of a Walrasian exchange economy and the concept of Walrasian equilibrium. Its existence and welfare properties are illustrated using an Edgeworth box. Applications of the model to free trade, the effect of automation, and Baumol’s cost disease are described.

  • 7 - Externalities and Public Goods

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 176-195

  • Summary

    The concept of externality is introduced, as well as the various ways of “internalizing” them. Particular emphasis is given to the Coasean approach of contracts and its limitations.The limitations of the Coasean approach are connected to the problem of public good provision. Applications to media and vaccines are given.

  • 3 - Price Discrimination

  • Rakesh V. Vohra, University of Pennsylvania
  • Book:
    Prices and Quantities
    Published online:
    02 March 2020
    Print publication:
    17 February 2020, pp 55-74

  • Summary

    This chapter introduces the three degrees of price discrimination as well as a discussion of the attendant arbitrage possibilities. The focus of the chapter is on second-degree price discrimination, which is illustrated withversioning and bundling. There is also an extensive discussion of two-part tariffs with application to the pricing of a system consisting of a consumable and a durable.

Natural Resource Economics
  • Analysis, Theory, and Applications
  • Jon M. Conrad, Daniel Rondeau
  • Published online:
    06 February 2020
    Print publication:
    30 January 2020
  • Mathematical analysis is key to the modeling and management of natural resources. By presenting required mathematical methods, classic dynamic models for non-renewable and renewable resources, and by exploring several contemporary problems, this text provides a foundation for advanced research. Topics include seminal models in fishery, forestry and non-renewable resource management, as well as an extensive collection of contemporary applications that include the optimal transition from fossil fuels to clean energy, the optimal timing of interventions to save endangered species, pest control and the optimal management of antibiotic resistance. Deterministic and stochastic models in both discrete and continuous time are covered. The book encourages students to pursue a deeper understanding of the analytics of resource problems and to deploy numerical methods when analytical results prove intractable. The combination of analysis, theory and applications will launch the next generation of resource economists, while serving as a useful reference for established researchers.

Page 47 of 229