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Intermediate microeconomics : A modern approach
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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.read more
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Experiment-inspired comments on John Roemer’s theory of cooperation
TL;DR: In this paper, the authors report on a nonsocial experiment where they find that all participants choose the dominant strategy in the experimental payoff, and compare it with the payoff-isomorphic, but social, Prisoner's Dilemma treatment presented in a recent paper by Bosch-Domenech and Silvestre where 28% choose cooperation instead of the dominant strategies.
Journal ArticleDOI
Entropy-Norm space for geometric selection of strict Nash equilibria in n-person games
A. B. Leoneti,G. A. Prataviera +1 more
TL;DR: In this paper, the authors proposed a criterion based on the entropy-norm pair for geometric selection of strict Nash equilibria in n-person games and compared the results of a group decision-making experiment.
Journal ArticleDOI
Inter-Basin Water Transfer Supply Chain Coordination with Ramsey Pricing
TL;DR: An optimal Ramsey pricing scheme based on the two-part tariff structure cannot only improve social welfare, but also ensure a target profit for participating firms and has strong policy implications for the government with profit regulation and the control of water resources.
Proceedings Article
Incorporating Business Impact into Service Offers - A Procedure to Select Cost-Optimal Service Contracts
TL;DR: This work describes which information a customer typically bases service level agreement decisions upon and analyze which additional information is needed to take a well-founded decision and develops a procedure enabling customers to solve their optimization problem – given different service offers by risk-neutral providers – using a procurement auction.
Journal ArticleDOI
An Integrated Approach to Teaching Price Discrimination
Ann Marsden,Hugh Sibly +1 more
TL;DR: In this paper, a taxonomy of the various mechanisms of price discrimination, which can be used to teach monopolistic price discrimination in an integrated way, is presented and a method for ranking profit and efficiency levels under different price discrimination strategies is proposed.