Price Theory and Applications: Decisions, Markets, and InformationCambridge University Press, 2005 M09 12 - 630 páginas This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17). |
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... example in Chapter 4), and humans are surely cleverer than ants. Yet people, individually or collectively, do sometimes make irrational choices. During the high-tech stock market boom in the late 1990s, investors seem to have displayed ...
... example in Chapter 4), and humans are surely cleverer than ants. Yet people, individually or collectively, do sometimes make irrational choices. During the high-tech stock market boom in the late 1990s, investors seem to have displayed ...
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... example, something similar occurs when rent-control legislation freezes apartment rents during a period of general price inflation. Such a price freeze makes landlords less willing to supply and to maintain rental housing.) Economics ...
... example, something similar occurs when rent-control legislation freezes apartment rents during a period of general price inflation. Such a price freeze makes landlords less willing to supply and to maintain rental housing.) Economics ...
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... example , how taxes affect incentives to work , whether trade unions raise workers ' wages , whether stronger copyright laws promote creativity – are under continuous re - evaluation in the light of the evidence . Economists may ...
... example , how taxes affect incentives to work , whether trade unions raise workers ' wages , whether stronger copyright laws promote creativity – are under continuous re - evaluation in the light of the evidence . Economists may ...
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... Example showed, correct economic analysis need not have greater market appeal than incorrect but psychologically ... Example shows, apparently to some extent it does. EXAMPLE 1.2 EARNINGS OF MALE COLLEGE GRADUATES , BY FIELD.
... Example showed, correct economic analysis need not have greater market appeal than incorrect but psychologically ... Example shows, apparently to some extent it does. EXAMPLE 1.2 EARNINGS OF MALE COLLEGE GRADUATES , BY FIELD.
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... example , why some animals choose to defend territories while others do not . ( This book will be illustrating economic principles with instances drawn from these and other related social sciences . ) 23 Although the boundaries may be ...
... example , why some animals choose to defend territories while others do not . ( This book will be illustrating economic principles with instances drawn from these and other related social sciences . ) 23 Although the boundaries may be ...
Contenido
QUESTIONS | |
Equilibrium in the Product Market Competitive Industry | |
QUESTIONS | |
Consumption and Demand | |
SUMMARY | |
Términos y frases comunes
aggregate amount budget line buyers cartel Chapter choice choose commodity competitive condition Consumer Surplus consumption corresponding Cost curve Cost function demand curve diagram economic profit economic rent economists efficiency loss elasticity endowment Engel Curve equal equation equilibrium price example exchange EXERCISE Expansion Path expected Figure firm firm’s fixed higher hire-price horizontal income increase indifference curve individual industry input intersection investment labor less long-run lower Marginal Cost Marginal Cost curve Marginal Product Marginal Revenue Marginal Utility Mathematical Footnote maximize monopolist monopolistic competition monopoly Nash equilibrium oligopoly optimal optimum output q Panel payoffs player positive possible preferences price-taking Producer Surplus production function profit-maximizing rational Reaction Curves reduce represents rises sellers shift short-run shows slope solution strategy suppliers supply curve Suppose Surplus and Producer Table tangency Total Cost Total Revenue trade unit Variable Cost versus vertical axis wage workers zero