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.
Citations
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08 Dec 2008
TL;DR: Simulation results show that the P2P overlay can closely reflect the underlying top, and that compared to Random Address Probing, there is less overhead and significantly less delay.
Abstract: Peer-to-peer networks are very popular but the problem of bootstrapping them has largely been ignored. In a fully decentralized environment such as a mobile ad hoc network (MANET) the usual bootstrapping solutions, which typically require a centralized service, are not possible. We present a method of bootstrapping P2P overlay networks running on MANETs which involves multicasting P2P overlay join queries and responses, and caching results at all nodes. Node choose which overlay members to join to based on a utility function that considers both the distance in hops and the overlay neighbors' available energy. Simulation results show that the P2P overlay can closely reflect the underlying top.ology, which reduces energy consumption, that caching the join requests reduces the number of messages required to join the overlay, and that compared to Random Address Probing, there is less overhead and significantly less delay.
7 citations
TL;DR: In this article, it has been claimed that references to Giffen behaviour constituted a single research project, driven by attempts to establish whether an initial "conjecture" by Alfred Marshall had empirical validity.
Abstract: It has been claimed that references to ‘Giffen behaviour’ constituted a single research project, driven by attempts to establish whether an initial ‘conjecture’ by Alfred Marshall had empirical validity. There is no stable basis for that claim because Marshall's discussion was contradictory and Robert Giffen rejected a key assumption made by Marshall. By the mid-1920s, discussion of an upward-sloping demand curve attached no particular significance to a Marshallian story. The formulation of the Irish famine Giffen exemplar by P.A. Samuelson illustrates how Giffen behaviour was stabilised as the single possible exception to the law of demand in the 1960s.
7 citations
TL;DR: In this article, the authors examined the transmission channels in the electricity-economic growth nexus and concluded that electricity positively affected economic growth in Nigeria however through its positive effects on industrial output.
Abstract: Purpose
Most studies on electricity-economic growth nexus in the literature are preoccupied with causality, with little attention paid to the transmission mechanisms. The orientation of most of these studies is obviously predicated on their assumption that electricity enters the production function in a Hicks-neutral fashion. Based on the assumption that productivity of capital is affected by electricity supply, this study estimates a production function in which electricity enters the model in capital-augmenting style. The study aims to examine the transmission channels in the electricity-economic growth nexus.
Design/methodology/approach
Using monthly data on Nigeria from 1980 to 2013, the study uses the three-stage least square regression technique, which not only controls for possible endogeneity in the model but also allows for tracing the transmission linkages to estimate the relationship between electricity and economic growth in Nigeria.
Findings
This study establishes that electricity positively affected economic growth in Nigeria however through its positive effects on industrial output. The direct effect of electricity on economic growth was insignificant. This study thus concluded that the transmission mechanism in electricity-economic growth nexus is the electricity-induced industrial growth.
Practical implications
Nigeria should increase her electricity supply (for increased electricity consumption) because this would significantly stimulate her industrialization and economic growth.
Originality/value
This study differs from earlier studies in that it did not primarily focus on causality; it examined the transmission channels in the electricity-economic growth nexus. Moreover, it differs from them on the implicit assumptions made by earlier studies that electricity enters the production function in a Hicks-neutral fashion. It rather estimated a model in which electricity enters the production function in capital-augmenting fashion because the study assumed that productivity of capital is affected by electricity supply.
7 citations
Dissertation•
11 Jun 2012
7 citations
TL;DR: In this paper, the authors use a relatively simple diagram accompanied by mathematical analysis to compare two pricing strategies: price-quantity packages and a two-part tariff, and show that in the case of two consumer types, the pricequantity package strategy dominates twopart tariff pricing from the monopolist's point of view.
Abstract: The authors use a relatively simple diagram accompanied by mathematical analysis to compare two pricing strategies: price-quantity packages and a two-part tariff. This is done both from the monopolist's point of view and from the welfare point of view. The authors show that in the case of two consumer types, the price-quantity packages strategy dominates two-part tariff pricing from the monopolist's point of view. However, social welfare may be higher under two-part tariff pricing.
7 citations
Cites methods from "Intermediate microeconomics : A mod..."
...However, in the fifth edition of his intermediate microeconomics book, Varian (1999) used a simple diagram to illustrate the workings of second-degree price discrimination....
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