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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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01 Jan 2002
TL;DR: In this paper, the authors examined the use of precision agriculture data, specifically yield maps, for making site-specific economic decisions for improved farm management, and two primary decision examples were developed: defining areas of production and nonproduction and managing temporal risk spatially across a field.
Abstract: OF THESIS IMPROVING FARM MANAGEMENT DECISIONS BY ANALYZING SITE-SPECIFIC ECONOMIC DATA DEVELOPED FROM YIELD MAPS This thesis examines the use of precision agriculture data, specifically yield maps, for making site-specific economic decisions for improved farm management. The adoption of precision agriculture on farms has allowed producers to collect a greater quantity and more specific information about production than ever before. With such information, site-specific decisions can be made. Incorporating economic data with yield map data, two primary decision examples are developed: defining areas of production and nonproduction and managing temporal risk spatially across a field. Included with the production/ nonproduction decision are the effects that land tenure arrangements and risk aversion levels have on the decision. The risk maps are developed using break-even analysis, the coefficient of variation, and a mean-variance framework, all based on a twenty year average of temporal net returns, measured spatially. The risk maps are repeated incorporating a crop insurance option, a commonly used risk management tool. Results show that developing these maps can be used by agricultural producers to help with their decision making. By incorporating these maps into the decision-making process, decisions can be made to increase farm profitability.
4 citations
01 Jan 2012
TL;DR: In this article, the authors argue that there are documented differences between the success and failure factors in the developed and developing countries with regard to the adoption and embracement of Openness in e-Government practice models.
Abstract: There are documented differences between the success and failure factors in the developed and developing countries with regard to the adoption and embracement of Openness in e-Government practice models. This paper posits that e-Government constitutes a critical context for social and economic development in both developed and developing countries. The paper also suggests that e-Government encompasses more than just technology, that is, attempts to highlight the social and economic implications of changes that have occurred in recent years as a result of the transparency and accountability of government and how software usage can influence digital inclusion, trust and privacy and possible strategies to eliminate the digital divide by encouraging greater public and commercial use and re-use of government information through putting government data on the Web. In addition to leveraging economic development, e-Government also helps to stream line government services to more social based values of inclusion and citizens' participation, accessibility and power relationship ratios. Although e-Government is not a new phenomenon in most developed countries such as the US, UK, Japan, most of the European countries and some developing countries in Asia and Africa which have already announced their Open Government Initiatives and data portals it also leads to greater information asymmetry among citizens and government and also, institutionalization and diffusion asymmetry of the practice of the current Openness in e-Government models within developed and developing countries. Drawing on organizational decision-making research and following the explorative and grounded based research approach the findings of this research are that the information asymmetry between citizens and government and asymmetry in institutionalization and diffusion within developed and developing countries are widely attributed to socio-economic and political variations in developed and developing countries. Unless these differences are skill fully identified and accommodated as such into the development and use models, Openness in e-Government efforts would not help achieve the social and economic development goals by both developed and developing countries.
4 citations
TL;DR: In this paper, the authors conducted a study in the pastoral areas of southern Ethiopia with the objective of assessing determinants of cattle commercial off-take along with the cultural values, and identified factors determining the pastoralists' behaviour towards participation in cattle markets and the net commercial position of households.
Abstract: This research was undertaken in the pastoral areas of southern Ethiopia with the objective of assessing determinants of cattle commercial off-take along with the cultural values. The required data was generated from both primary and secondary sources. The primary data was generated through a formal survey using pretested questionnaire from 160 randomly selected pastoralists and through group and key informant discussion with cattle traders. In order to identify factors determining the pastoralists' behaviour towards participation in cattle markets and the net commercial position (selling, autarky, and buying) of households, multinomial logit model was used. Age of the household head, education level, income from livestock products, off-take for social purposes, the number of regular clients and having access to market information have a significant effect on the likelihood of choosing the selling position. Cattle market price, and mode of payment/credit have significant effect on the probability of choosing the buying position while off-take for social purposes and number of regular clients have significant effect on probability of choosing the autarky position. Therefore policies that would improve the net commercial off-take by establishing markets and production and/or marketing facilities, and creating awareness regarding some traditional practices such as raiding and sacrificing would alleviate the problem.
4 citations
TL;DR: Penelitian in this article mengkaji dampak orientasi kewirausahaan and modal insani terhadapstrategi penetapan harga perushaan-perusahaans kecil di Jawa Timur.
Abstract: Penelitian ini mengkaji dampak orientasi kewirausahaan dan modal insani terhadap strategi penetapan harga perusahaan-perusahaan kecil di Jawa Timur. Metoda penelitian ini merupakan campuran antara analisis kuantitatif dan analisis kualitatif yang dipergunaan untuk menganalisis 168 perusahaan kecil. Temuan utama dari analisis kualitatif adalah perusahaan kecil cenderung menetapkan harga rendah untuk produk-produk mereka, diskon diberikan kepada pelanggan yang loyal, sistem penetapan harga transfer berdasarkan biaya produksi, adanya hubungan yang dekat antara pekerja dan pemilik dan antar pekerja, serta keagresifan bukanlah merupakan ciri perusahaan kecil. Temuan utama dari analisis kuantitatif ada tiga, yaitu (1) keagresifan dalam inovasi produk dan otonomi dalam pengambilan risiko merupakan dua ukuran orientasi kewirausahaan yang memengaruhi kemampuan perusahaan kecil di Jawa Timur dalam menetapkan harga produk baru; (2) baik agresifitas dalam inovasi dan otonomi dalam pengambilan risiko menentukan program pemasaran (salah satu ukuran penetapan harga) di perusahaanperusahaan kecil; (3) berbagi ide tentang tujuan merupakan faktor kunci dalam modal insani yang sangat memengaruhi komunikasi yang baik dengan pelanggan.
4 citations
Cites background from "Intermediate microeconomics : A mod..."
...This idea refers to hawk-dove game theory, as showed in Varian (2010). The game of chicken, also known as the hawk-dove game or snow-drift game, is an influential model of conflict for two players in game theory....
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...Jurnal Ekonomi dan Bisnis elements: view of networks, which closely related to entrepreneurial social networks; view of resource, which is about resource-based management, and view of integration, which refers to shared resourced with common goal (Wang and Shi 2012). Warner (2012) draws distinction between internal and external focus in social capital....
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TL;DR: In this article, the impact of Internet use on leisure activities is investigated theoretically and empirically beyond the extent to which the related literature has reached, and the authors illustrate theoretically a...
Abstract: The impact of Internet use on leisure activities is investigated theoretically and empirically beyond the extent to which the related literature has reached. This study illustrates theoretically a ...
4 citations
Cites background from "Intermediate microeconomics : A mod..."
...Second, the more of one leisure activity he has, the more he has to give up in exchange for another activity (Nicholson & Snyder, 2011; Varian, 2014)....
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