Intermediate microeconomics : A modern approach

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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.

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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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Proceedings Article•DOI•

An integral explanation to the S-shape growth figure in network effect product market

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Zhou Geng¹, Chen Yu¹•Institutions (1)

Renmin University of China¹

17 Nov 2008

TL;DR: In this article, the authors studied the blog service market in China and showed that the growth figure of network effect product user number always has an S-shape, and analyzed the growth model and interactions between different groups.

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Abstract: The growth figure of network effect product user number always has an S-shape. We divide the consumers into five categories (active rational, passive rational, sheep herd, active non-rational, passive non-rational) and simulate the market with the multi-agent modeling method. Through analyzing the growth figure and interactions between each group, we give an integral explanation to how the S-shape figure forms. In support of our research, we also studied the case of the blog service market in China.

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1 citations

Proceedings Article•DOI•

NXG02-5: Optimal Utility-based Scheduling Scheme for High Speed Downlink Packet Access

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B. Al-Manthari¹, Nidal Nasser, Hossam S. Hassanein•Institutions (1)

Queen's University¹

01 Nov 2006

TL;DR: Simulation results reveal the superiority of the MAC-PS in terms of fairness, user satisfaction and flexibility, and a novel Medium Access Control Packet Scheduler scheme for HSDPA is proposed.

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Abstract: Channel dependant scheduling schemes for high speed downlink packet access (HSDPA) system such as Max CIR and proportional fairness (PF) have been proven to provide a significant throughput gain by exploiting the channel fluctuations of the users. However, their inability to ensure a fair distribution of the radio resources among the mobile users has been a major concern. In this paper, we propose a novel Medium Access Control Packet Scheduler (MAC-PS) scheme for HSDPA that is motivated by realistic economic models to satisfy the mobile users as well as the service providers through the use of utility and opportunity cost functions. Simulation results reveal the superiority of the MAC-PS in terms of fairness, user satisfaction and flexibility.

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1 citations

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

...1 The opportunity cost for a good is defined as the value of any other goods or services that a person must give up in order to produce or get that good [7]....
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...We adopt the Cobb-Douglas utility function [7] from economics in our scheduling algorithm....
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Journal Article•DOI•

Two-Part Tariff and Aftermarket Duopoly: An Illustration.

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Joseph Felder¹, Robert C. Scott¹•Institutions (1)

Bradley University¹

08 Aug 2010-Journal of Economic Education

TL;DR: In this paper, the authors shed light on the original equipment manufacturer's strategic behavior in the duopoly aftermarket, and they found the conditions under which firm 1's aftermarket price is above or below its marginal cost.

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Abstract: The authors shed light on the original equipment manufacturer's strategic behavior in the duopoly aftermarket. The original equipment manufacturer, firm 1, captures via its foremarket price some fraction of the aftermarket consumer surplus, where that surplus is generated by consumption of its own and its competitor's aftermarket products. The other firm, firm 2, only operates in the aftermarket and does not capture any of the aftermarket consumer surplus. Assuming a Cournot or Stackelberg duopoly aftermarket with firm 1 as the quantity leader, we find the conditions under which firm 1's aftermarket price is above or below its marginal cost; the conditions under which firm 1's profit falls or increases when firm 2 adds value to its aftermarket product or lowers its marginal cost; and the conditions under which firm 1 is less profitable or more profitable in sharing the aftermarket than it would be alone.

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1 citations

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

...Assuming homogeneous demanders, a quadratic utility function, constant marginal costs, and an exogenously determined capture parameter, the model yields a rich set of clear results that fills a void in the literature: As the capture parameter approaches zero, the model converges on the standard duopoly model, found in many articles and textbooks, with the added feature that the foremarket price approaches zero (Dixit 1979; Waldman 2004, 376–87; Varian 2006, 481–87); and as the capture parameter approaches one, our results converge on those found by Whinston (1990) and Farrell and Katz (2000). The most interesting cases are the intermediate ones, in which the capture parameter is between zero and one....
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...Assuming homogeneous demanders, a quadratic utility function, constant marginal costs, and an exogenously determined capture parameter, the model yields a rich set of clear results that fills a void in the literature: As the capture parameter approaches zero, the model converges on the standard duopoly model, found in many articles and textbooks, with the added feature that the foremarket price approaches zero (Dixit 1979; Waldman 2004, 376–87; Varian 2006, 481–87); and as the capture parameter approaches one, our results converge on those found by Whinston (1990) and Farrell and Katz (2000)....
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...…model, found in many articles and textbooks, with the added feature that the foremarket price approaches zero (Dixit 1979; Waldman 2004, 376–87; Varian 2006, 481–87); and as the capture parameter approaches one, our results converge on those found by Whinston (1990) and Farrell and Katz…...
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Book Chapter•DOI•

Study on Production Possibility Frontier Under Different Production Function Assumptions

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Weimin Jiang¹, Jin Fan¹•Institutions (1)

Nanjing Forestry University¹

15 May 2019

TL;DR: This paper analyzes the linear output possibility frontier under the Leontief production function in detail and tries to fix this problem by considering the non-unique primary inputs in a simplified two-sector economy.

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Abstract: Increasing marginal rate of transformation (MRT) in production is a generally accepted economic presumption. So how to reflect the increasing MRT in linear and non-linear production functions? However, in Leontief’s input-output model, it is assumed that production is performed on a fixed proportion of inputs and usually leads to the constant MRT. This paper analyzes the linear output possibility frontier under the Leontief production function in detail, the author tried to fix this problem by considering the non-unique primary inputs in a simplified two-sector economy. Then we discuss the production possibility frontier under the assumption of nonlinear production function: First, when there are many primary inputs (heterogeneity) constraints, it is possible to curve the net output possibility frontier of Leontief production function and make it meet the assumption of increasing MRT. Second, in the intertemporal production process, a total output possibility frontier with increasing MRT can be obtained under a general production function without the assumption of non-unique primary inputs.

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1 citations

Journal Article•DOI•

Analysis of food consumption preferences and food demand in central java, indonesia

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Faiqoh Amalina¹, Ratya Anindita¹, Abdul Wahib Muhaimin¹•Institutions (1)

University of Brawijaya¹

30 Jun 2020-International Journal of Research

TL;DR: In this paper, the authors analyzed the influence of price changes and expenditure against the demand for food as the evaluation of food diversification successfully implemented using the Linear Approximation/Almost Ideal Demand System (LA/AIDS) model.

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Abstract: The efforts of the Government in food diversification of rice to local food thus generating household conditions that tend to switch to wheat consumption compared to local commodities. So the necessary analyse to look at preferences in consuming the food commodities. Besides seeing the influence of price changes and the expenditure against the demand for food as the evaluation of food diversification successfully implemented. This analysis were using Susenas data (2016) analyzed by the Linear Approximation/Almost Ideal Demand System (LA/AIDS) model. The results of the analysis note that the highest preference is present on rice and flour, seen from the amount of consumption as well as the proportion of its expenditure. The results of the demand elasticity indicates that diversifies effort still hadn't done very well because there were still a dependency of the rice. So that the effort to maintain the affordability of the rice should still be enacted.

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1 citations

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Intermediate microeconomics : A modern approach

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