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.
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01 Jan 2002
TL;DR: In this article, the authors concluded that the free content business model is not the one to choose due to its weak economic logic, and the intelligent facilitator business model was the paid for content model with complementary advertising services.
Abstract: Executive Summary Title Business Models for Mobile Internet Authors Andersson Tobias, Talborn Henric, Weikert Magnus Directors Professor Allan T Malm Ph D Candidate Magnus Wide Purpose
How should mobile operators design their business models for mobile Internet in order to be successful? Method
The method used in order to reach the purpose is structured in, theory, empirical and analysis around the concepts business landscape, business model and revenue model Theories have been collected within these areas in order to create analytical tools The empirical data was collected trough semi structured interviews with actors involved in the mobile Internet industry The analytical process was structured around these concepts followed by a correlated analysis and conclusions Conclusions
Regardless of the mobile operators choice of business models four key resources impacts the potential to succeed with mobile Internet The brand will be important in order to attract customers The level of skills in managing relationships with third party providers will be important in order to create incentives that facilitate the business models value creating potential The customer base will be important for operators impacting the revenue potential, bargain power and the potential to generate valuable information Information will be required for the operators in order to facilitate service development and to price services accurately To sum up, the authors conclude that the free content business model is not the one to choose due to its weak economic logic A good choice for global players, on markets with characteristics such as in Sweden, is the paid for content model with complementary advertising services The intelligent facilitator business model is suitable for local network operators The future success of the enabling platform business model depends on the degree of integration between the network operators and the platform providers The WLAN model will be a complement to the operators’ business models and make their offers more complete And finally, the MVOs’ business model will in general terms experience the same conditions as the global network operators’ business models The important issue is nonetheless the strength of their brands and the size of their customer bases Key Words
Business Model, Business Landscape, Revenue Model, Mobile Internet, Mobile operator
2 citations
01 Jan 2007
TL;DR: In this article, the authors investigate whether the risk attitudes of experts in risk management comply with the preferences of the general public, i.e. the group of experts participating in the study made by Abrahamsson and Johansson (2006).
Abstract: The purpose of this thesis is to investigate whether the risk attitudes of experts in risk management, i.e. the group of experts participating in the study made by Abrahamsson and Johansson (2006), comply with the preferences of the general public. A major focus of the thesis is the development of the experimental setup, which is based on the trade off method developed by Wakker and Deneffe (1996). This includes investigation of biases associated with the method and of decision strategies used by the public while conducting the experiment. The results show that the public has a risk prone risk attitude, similar to the risk attitude of experts in risk management.
2 citations
Cites background from "Intermediate microeconomics : A mod..."
...If a bundle x is preferred to a bundle y this means bundle x is associated with a higher utility than y (Varian, 2006)....
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Posted Content•
TL;DR: This work proposes a new market-based framework for pricing computational tasks in the cloud and introduces an agent between consumers and cloud providers, which simplifies cloud use for consumers by allowing them to compare contracts, rather than choose resources directly.
Abstract: The availability of public computing resources in the cloud has revolutionized data analysis, but requesting cloud resources often involves complex decisions for consumers. Under the current pricing mechanisms, cloud service providers offer several service options and charge consumers based on the resources they use. Before they can decide which cloud resources to request, consumers have to estimate the completion time and cost of their computational tasks for different service options and possibly for different service providers. This estimation is challenging even for expert cloud users. We propose a new market-based framework for pricing computational tasks in the cloud. Our framework introduces an agent between consumers and cloud providers. The agent takes data and computational tasks from users, estimates time and cost for evaluating the tasks, and returns to consumers contracts that specify the price and completion time. Our framework can be applied directly to existing cloud markets without altering the way cloud providers offer and price services. In addition, it simplifies cloud use for consumers by allowing them to compare contracts, rather than choose resources directly. We present design, analytical, and algorithmic contributions focusing on pricing computation contracts, analyzing their properties, and optimizing them in complex workflows. We conduct an experimental evaluation of our market framework over a real-world cloud service and demonstrate empirically that our market ensures three key properties: competitiveness, fairness, and resilience. Finally, we present a fine-grained pricing mechanism for complex workflows and show that it can increase agent profits by more than an order of magnitude in some cases.
2 citations
Cites background or methods from "Intermediate microeconomics : A mod..."
...In economics, a market demand function describes how these forces impact the pricing of goods [40]....
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...3In fact, the agents and the existing cloud service providers naturally form a monopolistic competition [40]....
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...A linear demand curve is common in practice [40], so we focus on demand functions of the form M(U) = a+bU ....
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...We adopt the standard economic notion of consumer utility [40] and model it explicitly in our framework....
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Posted Content•
TL;DR: The first presentation of consumer's surplus as a definite integral is in Launhardt's 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre as mentioned in this paper.
Abstract: This paper shows the first presentation of consumer’s surplus as a definite integral is in Launhardt’s 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre. In chapter 32, Launhardt applied integral calculus to derive the consumer’s surplus of a decrease in the freight rate for each consumer at a market point and for all consumers in the whole market area. Launhardt’s analysis is typically reproduced in the modern literature on non-spatial and spatial economics without any acknowledgement of Launhardt. Launhardt’s name deserves to be mentioned alongside with Dupuit and Marhall as an early anticipator of many key elements in the theory of consumer’s surplus.
2 citations
Posted Content•
TL;DR: In this article, the potential opportunities between Bangladesh and Myanmar stemming from sub-regional cooperation are analyzed and discussed in the areas of trade, investment, agricultural cooperation, energy collaboration, transport connectivity and the role of political and non-state actors.
Abstract: The paper analyses the potential opportunities between Bangladesh and Myanmar stemming from sub-regional cooperation. The paper examines Myanmar’s integration into the regional and global economy together with modalities and trends of Bangladesh-Myanmar relations. Opportunities and challenges have been discussed in the areas of trade, investment (together with business set up at special economic zones), agricultural cooperation (with contract farming prospects), energy collaboration, transport connectivity and the role of political and non-state actors.
2 citations
Cites background from "Intermediate microeconomics : A mod..."
...Ceteris paribus, i.e., assuming all other things remain the same, the theory makes the following three assumptions (see Varian 2003 for a detailed discussion): (a) The indifference (preference) curves are non-identical, i.e., China and India want to expand their transport connectivity outreach,…...
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