Intermediate microeconomics : A modern approach

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.

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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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Consumer Preferences for Water Supply? : an Application of Choice Models to Urban India

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Prathivadi B. Anand

01 Jan 2001-Research Papers in Economics

TL;DR: In this article, the authors examined consumer preferences for the attributes of alternative sources of water supply in Chennai, based on a household survey where respondents were given the description of a set of options.

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Abstract: This paper examines consumer preferences for the attributes of alternative sources of water supply in Chennai, based on a household survey where respondents were given the description of a set of options. Their decision to choose one of the options is exa

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7 citations

Cites background from "Intermediate microeconomics : A mod..."

...The starting point is that ofa consumer choosing the best things that she can afford (Varian 1996: 33; emphasis added)....
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Dissertation•

A partial equilibrium model for the South African broiler industry

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Jeanette De Beer

01 Mar 2010

TL;DR: In this article, the authors present an overview of the South African oil refining industry and propose a research method to find the root cause of the problems in the South American oil industry.

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Abstract: iii CHAPTER 1: INTRODUCTION 1 1.1 BACKGROUND 1 1.2 PROBLEM STATEMENT 5 1.3 STUDY OBJECTIVES 6 1.4 RESEARCH METHODOLOGY 7 1.5 STUDY OUTLINE 8 CHAPTER 2 AN OVERVIEW OF THE SOUTH AFRICAN BROILER INDUSTRY 9 2.

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7 citations

Cites background from "Intermediate microeconomics : A mod..."

...The price elasticity of demand, e, is defined as the percentage change in quantity divided by a percentage change in price (Varian, 1987) of that good, ceteris paribus...
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...Given the derivation of the demand function for a particular good, both for the individual consumer and for a particular market, it is often of interest to measure how “responsive” demand is to a change in price or income (Varian, 1987)....
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An analysis of meat demand in akungba-akoko, nigeria

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R. Santos Alimi

01 Jan 2013

TL;DR: In this paper, the authors examined households' preference for and meat consumption patterns and found that the most important factor considered by households while purchasing meat was the taste and habits, followed by nutritional value and prices.

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Abstract: This study examined households’ preference for and meat consumption patterns. Participants were 300 heads of household (141 males; 159 females) whose ages ranged between 18 to 65 years (M = 43.20; SD = 10.11). Results indicated that beef (60.14%) was the most preferred meat, followed by chicken (29.72%) and turkey (26.92%). The proportion of household’s total expenditure on meat was high for low income households (18%), compared with middle or high income households. The percentage of household food expenditure expended on meat was high for both low income households and high income households, compared middle income households. The most important factor considered by households while purchasing meat was the taste and habits, followed by nutritional value and prices. Other factors observed were freshness, tenderness and religious sentiments. Hence, in livestock farming, the various determinants such as preferences, choices, sentiments that may influence the choices of meat consumed should be considered.

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7 citations

Cites background from "Intermediate microeconomics : A mod..."

...The consumer behavior theory postulates that consumers look at completeness, monotonicity, reflexivity and transitivity, continuity and convexity, which may influence their behavior (Varian, 2009)....
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...different alternatives and (b) how consumer is influenced by his environment (Varian, 2009)....
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Journal Article•DOI•

Economic impacts of adoption and fundraising strategies in animal shelters.

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Emily Lord¹, Nicole Olynk Widmar¹, Annette Litster²•Institutions (2)

Agricultural & Applied Economics Association¹, Purdue University²

01 Mar 2014-Preventive Veterinary Medicine

TL;DR: A stochastic model was developed to simulate the expected costs, revenues, and net income of a hypothetical animal shelter for various alternative management strategies, based on US conditions and found that scenarios which decreased or waived adoption fees caused total costs to increase due to the escalating costs associated with increasing the total number and density of animals housed.

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7 citations

Cites background from "Intermediate microeconomics : A mod..."

...The ign of the elasticity of demand is generally negative, as emand curves slope downward (Varian, 2003)....
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...The price lasticity of demand is the percent change in quantity ivided by the percent change in price (Varian, 2003)....
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Proceedings Article•DOI•

Consortiums of ISP-Content Providers Formed by Nash Bargaining for Internet Content Delivery

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Debasis Mitra¹, Abhinav Sridhar¹•Institutions (1)

Columbia University¹

01 Apr 2019

TL;DR: The formation of consortiums of a broadband access Internet Service Provider (ISP) and multiple Content Providers (CP) is considered for large-scale content caching and the Grand Coalition’s profit matches upper bounds.

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Abstract: The formation of consortiums of a broadband access Internet Service Provider (ISP) and multiple Content Providers (CP) is considered for large-scale content caching. The consortium members share costs from operations and investments in the supporting infrastructure. Correspondingly, the model’s cost function includes marginal and fixed costs; the latter has been important in determining industry structure. Also, if Net Neutrality regulations permit, additional network capacity on the ISP’s last mile may be contracted by the CPs. The number of subscribers is determined by a combination of users’ price elasticity of demand and Quality of Experience. The profit generated by a coalition after pricing and design optimization determines the game’s characteristic function. Coalition formation is by a bargaining procedure due to Okada (1996) based on random proposers in a non-cooperative, multi-player game-theoretic framework. A necessary and sufficient condition is obtained for the Grand Coalition to form, which bounds subsidies from large to small contributors. Hence, for the Grand Coalition to form it is necessary to administer Coalition Admission Control. Caching is generally supported even under Net Neutrality regulations. The Grand Coalition’s profit matches upper bounds. Numerical results illustrate the analytic results.

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7 citations

Cites background from "Intermediate microeconomics : A mod..."

...The Stackelberg model is well established [8]....
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...Also, importantly, in the NNN case cache S and incremental network capacity β behave as substitute resources [8]....
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...Specifically, user response to price is based on constant price elasticity of demand [8,20,21]:...
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Intermediate microeconomics : A modern approach

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Cites background from "Intermediate microeconomics : A mod..."

Cites background from "Intermediate microeconomics : A mod..."

Cites background from "Intermediate microeconomics : A mod..."

Cites background from "Intermediate microeconomics : A mod..."

Cites background from "Intermediate microeconomics : A mod..."

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