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
More filters
01 Jun 2010
TL;DR: In this article, a field experiment was conducted to capture the opportunity evaluation decisions of 127 entrepreneurial decision makers in high potential technology ventures, and introduce a series of experimental manipulations hypothesized to increase the decision-policy consciousness of these individuals.
Abstract: Ironically in the development of expertise, as expertise increases, an individual's ability to communicate the knowledge associated with that expertise decreases. This lack of transferability can be beneficial (the knowledge is inimitable by competitors), but it can also be detrimental (the knowledge is not usable by colleagues and other stakeholders). These differences likely arise from different types of causal ambiguity. Ambiguity about the attributes of a specific entrepreneurial opportunity represents a barrier to the transferability of knowledge to competitors (beneficial), while ambiguity about the relationship between a specific opportunity and value creation represents a barrier to the transferability of knowledge to stakeholders (detrimental). To reduce specific opportunity/value creation relationship ambiguity, I focus in this research on mechanisms thought to enhance entrepreneurial decision makers' decision-policy consciousness in opportunity evaluation decisions. In a field experiment, I capture the opportunity evaluation decisions of 127 entrepreneurial decision makers in high potential technology ventures, and introduce a series of experimental manipulations hypothesized to increase the decision-policy consciousness of these individuals. The findings suggest that firm founders have lower decision-policy consciousness than non-firm founders; that codification increases decision-policy consciousness; that in increasing decision-policy consciousness, codification is more efficacious for founders than non-founders; that opportunity desirability, feasibility and environment play a significant role in opportunity evaluation; and that as a result of specific individual cognitive factors, systematic differences exist across opportunity evaluation decision policies. In addition to the practical implications of these results for new venture founding, they also contribute to both the entrepreneurial cognition literature and the strategic capabilities literature.
6 citations
Cites background from "Intermediate microeconomics : A mod..."
...And in each case, entrepreneurial action can 43 also lead to the creation of additional value through a Pareto improvement or a transaction that can make both parties to the transaction better off without making anyone else worse off (Varian, 2003: 17)....
[...]
Journal Article•
TL;DR: The paper attempts to challenge aspects of multifunctionality in it’s ‘conventional’ and furthermore in it's broader and deeper sense, based on existing literature review with some recent research project statements.
Abstract: The paper attempts to challenge aspects of multifunctionality in it’s ‘conventional’ and furthermore in it’s broader and deeper sense A work is based on existing literature review with some recent research project statements, additionally The paper introduce us with some basic theoretical foundation of multifunctional agriculture, frequently used methodological approaches and fi nally, a new wider concept of multifunctionality is presented The paper also discuss about the merits and potential problems of empirical work dealing with less tangible aspects of multifunctionality
6 citations
Cites background from "Intermediate microeconomics : A mod..."
...As long as we have well-defi ned property rights in the good involving the externality (no matter who holds the property rights), a Pareto effi cient allocation of rare resources is achievable If these rights are not well defi ned, the practical problems arise [14]....
[...]
DOI•
01 Jan 2011
TL;DR: This dissertation contributes to the research on Computational Mechanism Design by providing novel theoretical and software models - a novel bidding strategy called Q-Strategy, which automates bidding processes in imperfect information markets, a software framework for realizing agents and bidding strategies called BidGenerator and a communication protocol called MX/CS.
Abstract: This dissertation contributes to the research on Computational Mechanism Design by providing novel theoretical and software models - a novel bidding strategy called Q-Strategy, which automates bidding processes in imperfect information markets, a software framework for realizing agents and bidding strategies called BidGenerator and a communication protocol called MX/CS, for expressing and exchanging economic and technical information in a market-based scheduling system.
6 citations
Cites background from "Intermediate microeconomics : A mod..."
...The upward curve reflects the fact that higher prices of a service will stimulate providers to increase the number of provided services in order to increase their revenue (Varian, 2009; Foley, 2010)....
[...]
TL;DR: In this paper, the authors investigated the feasibility of increasing income and generating employment in the context of a traditional labour intensive rural industry with strong linkages to an agriculturally backward economy, using primary data from four villages of Peruvian North Sierra.
Abstract: Is it feasible to increase income and generate employment in the context of a traditional labour intensive rural industry with strong linkages to an agriculturally backward economy? In order to address this issue, primary data from four villages of Peruvian North Sierra was used. The case of the hat making activity, employing exclusively family labour, purchasing the main input (straw, paja de palma) from Ecuador, and with consumers concentrated on villages and small towns, was investigated. The analysis was made at the market level. Considering the context of a self-employment activity, a theoretical framework was developed to explain the determinants of labour demand, input demand, hat output and labour return. Demand and supply constraints to the expansion of hat making activity were found. Important differences in the value of labour marginal product across the sample were identified. These were mainly associated with the use of varied input quality. Growth based on local demand would not be viable given falls in consumer incomes mainly farmers - and expected changes in consumer preferences; therefore the growth motor would rest more in market expansion and product diversification to urban consumers.
6 citations
TL;DR: In this paper, the authors considered the merits of two classes of profit maximization problems: those involving perfectly competitive firms with quadratic and cubic cost functions, and provided a procedure to generate profit maximisation problems that are theoretically interesting, economically plausible, and computationally simple.
Abstract: In this article, the author considers the merits of two classes of profit maximization problems: those involving perfectly competitive firms with quadratic and cubic cost functions. While relatively easy to develop and solve, problems based on quadratic cost functions are too simple to address a number of important issues, such as the use of second-order conditions and the short-run shutdown condition. Problems based on cubic cost functions are mathematically richer but often involve messy arithmetic; furthermore, many are not plausible representations of a firm's costs. Finding cubic functions that do not suffer from these drawbacks can be a time-consuming process. The author addresses this issue by providing a procedure to generate profit maximization problems that are theoretically interesting, economically plausible, and computationally simple.
6 citations