Book•
Intermediate microeconomics : A modern approach
01 Jan 2006-
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Abstract: This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
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TL;DR: In this article, the authors review the forest sector outlook approaches in face of these changes, and analyze how well they have been able to capture and project the changes in the global paper markets.
117 citations
Proceedings Article•
08 Dec 2014TL;DR: This work assumes a buyer's valuation of a good is a function of a context vector that describes the good being sold and gives the first algorithm attaining sublinear (O(T2/3)) regret in the contextual setting against a surplus-maximizing buyer.
Abstract: Motivated by real-time advertising exchanges, we analyze the problem of pricing inventory in a repeated posted-price auction. We consider both the cases of a truthful and surplus-maximizing buyer, where the former makes decisions myopically on every round, and the latter may strategically react to our algorithm, forgoing short-term surplus in order to trick the algorithm into setting better prices in the future. We further assume a buyer's valuation of a good is a function of a context vector that describes the good being sold. We give the first algorithm attaining sublinear (O(T2/3)) regret in the contextual setting against a surplus-maximizing buyer. We also extend this result to repeated second-price auctions with multiple buyers.
116 citations
TL;DR: In this article, a case study of oil field unitization is analyzed to illustrate the following points: a full resource-based analysis of value creation must incorporate the role of property rights to internalize externalities and to solve prisoners' dilemma problems of common pool resources.
Abstract: Resource-based theory implicitly assumes that property rights to resources are secure. Extant property rights theory enables us to relax this assumption to take into account processes where there are struggles in establishing property rights that enhance the realized economic value of resources. A case study of oil field unitization (where a single firm is designated as unit operator to develop the oil reservoir as a whole) is analyzed to illustrate the following points: a full resource-based analysis of value creation must incorporate the role of property rights to internalize externalities and to solve prisoners' dilemma problems of common-pool resources. Copyright © 2002 John Wiley & Sons, Ltd.
114 citations
Cites methods from "Intermediate microeconomics : A mod..."
...This proposition is more easily understood using Edgeworth boxes, where Pareto efficient states are represented by the contract curve (see Varian, 1996)....
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TL;DR: In this article, the authors test the measurement properties of the psychological capital questionnaire (PCQ) and the authentic leadership questionnaire (ALQ) in a diverse sample of working adults, compared across genders, and assessed for their performance in a new national culture.
Abstract: Purpose – The purpose of this paper is to test the measurement properties of the psychological capital questionnaire (PCQ) and the authentic leadership questionnaire (ALQ). Both scales' properties are tested in a diverse sample of working adults, compared across genders, and assessed for their performance in a new national culture.Design/methodology/approach – This paper uses survey data from a random, nationally representative sample of working New Zealand adults. Structural equation modeling is used to conduct confirmatory factor analysis and to test for measurement invariance in both scales.Findings – The results confirm the hypothesized second‐order factor structure of both scales, with psychometric properties comparable to those in samples from other cultures. The results further suggest that the PCQ and ALQ exhibit measure equivalence for men and women.Originality/value – This paper provides the first test of both scales in a diverse representative sample. It demonstrates that the PCQ and ALQ are us...
113 citations
Cites background from "Intermediate microeconomics : A mod..."
...In some formulations, these goods are presumed to also include non-tangible factors such as management and organization ( Varian, 1990...
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TL;DR: In this paper, a game theory-based analysis model was used to examine the effectiveness of the new regulation, new energy vehicles' development under different scenarios have been quantitatively simulated by using a developed game-theoretic analysis model.
112 citations