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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 2016
TL;DR: In this paper, a Principle-agent model helps to analyze the remunerated labor as an ambivalent strategy to structural uncertainties in the Senegalese Sahel, and highlights the conditions of production of trust and reputation in employee-employer relationships developed by pastoralists to better face up to these uncertainties.
Abstract: Sahelian pastoralists are usually portrayed as people living under uncertainty: they lack contingent markets and use mobility and diversification/ multiple activity as adaptation strategies. Their complex relationships vis-a-vis this uncertain environment hide the transition from a traditional inward looking to an outward looking economy characterized by increasing recourse to remunerated labor. However, this growing monetization of their economy is not neutral and could generate new forms of uncertainty. A Principle-agent model helps to analyze the remunerated labor as an ambivalent strategy to structural uncertainties in the Senegalese Sahel. Then, the paper highlights the conditions of production of trust and reputation in employee-employer relationships developed by pastoralists to better face up to these uncertainties. (Resume d'auteur)

3 citations


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

  • ...≥ 𝑢 𝑎 (2) (2) An incentive compatibility constraint (or self-selection as stipulated by Varian 2014; Laffont and Martimort 2002; Bolton and Dewatripont 2004) which says that the Agent must receive a higher utility from exerting effort than for not....

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  • ...However, before hiring, the Principle must manage two constraints: (1) a participation constraint (or individual rationality as notified by Varian 2014): the Agent must work before payment....

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17 Apr 2009
TL;DR: This article investigated the effects of the McKinley Tariff of 1890 on American sugar refining and white lead production in the late nineteenth century United States and found that the tariff had a significant impact on sugar refining.
Abstract: This paper explores the connection between protective tariffs and market concentration in the late nineteenth century United States. In particular, the paper investigates the effects of the McKinley Tariff of 1890 on American sugar refining and white lead production. My investigation includes a review of contemporary economic thought and political platforms, short histories of both industries, and event studies on the American Sugar Refining Company and the National Lead Company for the passage of the McKinley Tariff.

3 citations

Dissertation
26 Feb 2014
TL;DR: In this article, the authors argue that additional work may be required to supplement an abstract ideal, if guidance is required about specific elements of social life in non-ideal circumstances.
Abstract: Markets have come to form one of the most important of all social institutions. In attempting to evaluate the functioning of markets, a significant issue is of the extent to which their justification as an ideal is also capable of providing support for their actual ongoing functioning. In this way, the assessment of market interaction seems to face one of the prominent themes of contemporary political philosophy: what value can be derived from theoretical endeavours that function at a high level of generality and abstraction when it comes to providing guidance within the messy reality of social life? Or, more briefly, how useful is ideal theory within nonideal circumstances?This thesis proceeds, via a specific focus upon labour markets informed by the Rawlsian ideal of justice as fairness, to give a response to the above question. It rejects strong critiques of ideal theory, arguing that theoretical ideals remain able to provide direction to social reform, as they help to define the goals that such reform ought to aim for. However, the thesis argues that additional work may be required to supplement an abstract ideal, if guidance is required about specific elements of social life in nonideal circumstances. Via a focus upon moral psychology, it argues that theorists must attempt to understand why people subscribe to particular practices and what may be of value within them that efforts at reform may want to preserve.In specific relation to labour markets, the thesis develops an understanding of both the gains and threats that accompany their operation. It draws particular attention to recent developments within productive processes that have seen a move towards greater flexibility in working practices. The thesis argues that, from a Rawlsian perspective, there are good reasons to endorse some measure of market activity. However, as this endorsement remains conditional upon the fairness of background conditions, the thesis also demonstrates how efforts and reform may best proceed where these background requirements are absent. By demonstrating what is of value within labour market processes, it offers an outline of a range potential reforms ? some of a more ideal nature, some of a more practical nature ? that are consistent with the aims of justice as fairness.

3 citations

Dissertation
01 Aug 2005
TL;DR: A Tobit model was used to analyze the survey data to determine the mean willingness to pay for a pecan snack product as discussed by the authors, which was estimated to be $0.89 for a snack size bag of pecans.
Abstract: by KATY SWICKARD (Under the Direction of John McKissick) ABSTRACT Demand for pecans has been stagnant over that last seven years, leading pecan producers to look for new ways of increasing demand. With new storage techniques it may be possible to produce snack products of pecans similar to that of peanuts. A national survey of 913 people was performed in order to obtain data on the demographics and buying habits of pecans consumers. A Tobit model was used to analyze the survey data to determine the mean Willingness to Pay for a pecan snack product. The mean willingness to pay was estimated to be $0.89 for a snack size bag of pecans. In addition, the average pecan consumer does not purchase pecans very often, fewer than three times a year, with most purchasing one pound bags of halves. Almost eight percent of pecan consumers surveyed indicated that they had had a problem with rancidity in pecans.

3 citations

Dissertation
01 Jan 2014
TL;DR: The main topic of as mentioned in this paper is the development of online, open projects or communities of creation, such as Free, Libre, Open Source Software (FLOSS), from an economics point of view.
Abstract: This document presents the research I have undertaken over the last decade. It is both retrospective and prospective in the sense that, although it is obviously focused on my past activities, it also indicates ways for future research. The main topic of my overall research can be summarized as follows: I explore the development of online, open projects, or communities of creation, such as Free, Libre, Open Source Software (FLOSS), from an economics point of view. This means that in addition to renewing the answers to Olson's question about the individual participation to collective action (1965), it questions also the why and how companies participate in this process, renewing Arrow's dilemma (1962) on the incentives to produce innovation and the incentive to disseminate this innovation, and the way people organize themselves to transform participation into concrete pieces of knowledge, being software or encyclopedia articles.

3 citations