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.
Citations
More filters
05 Jan 2016
TL;DR: This research aims to develop a framework to understand and evaluate the quantitative and qualitative implications of various crowdfunding platforms for the entrepreneur and his investment decisions in wearable technologies.
Abstract: We explore electronic crowdfunding platforms as a means of receiving money and other resources by an entrepreneur from many parties for financing wearable technology project. The electronic platform determines the cost of funding for the entrepreneur and the return investors will receive per period. This research aims to develop a framework to understand and evaluate the quantitative and qualitative implications of various crowdfunding platforms for the entrepreneur and his investment decisions in wearable technologies. We consider a debt financing based platform and examine its operational implications on the entrepreneur's decisions. In addition, we identify the incentive problems that occur in these models.
1 citations
Cites background from "Intermediate microeconomics : A mod..."
...in which represents the market size [17]....
[...]
...Assumption 5: The price of the product is assumed to be defined by a linear inverse demand function of the entrepreneur’s product [17]....
[...]
TL;DR: In this article, a special case of the square-root functional form is proposed, which is used as the foundation for a much-needed overview or roadmap to a large expanse of producer and consumer theory.
1 citations
TL;DR: In this paper, the authors argue that the decision of human intermediaries to provide matching services depends critically on compensations for intermediation, and that the matching services of primary dealers are necessary in forestalling under subscribed auctions.
Abstract: Does the decision of human intermediaries to provide matching services depend critically on compensations for intermediation. This paper argues that the answer is yes for the widely prevalent primary dealer system to issue government securities in which the issuer imposes participation obligations on human intermediaries and compensates them with rents conditional on compliance. A unique data set from the Government of Canada securities auctions is utilized to show that the matching services of primary dealers are necessary in forestalling under subscribed auctions, and that the primary dealers respond strongly to the compensations offered by the issuer.
1 citations
01 Dec 2016
TL;DR: Wang et al. as mentioned in this paper argued that network externality is the endogenous variables in the process of the sharing bikes and made the conclusion that the network externalality is not exogenous.
Abstract: In China, The sharing bikes have become the trend of the short-distance travel tools, especially in megacities. However, the study of shared bicycle literature is very scarce. This paper is going to use network externality theory and methods, so as to reveal the network externality of the new things. Though in many papers the network externality is a exogenous variable, we argued that network externality is the endogenous variables in the process of the sharing bikes. Finally, we made the conclusion that the network externality is not exogenous. It can be an endogenous and the network externality is quite important for the sharing bikes industry. Introduction and Summary Mobei bicycle, developed by a Chinese start-up companies are rapidly sweeping the country. Using the mobike App, users can use their mobile phone to view the bicycle location, and then make an appointment and find the bike. By scanning the two-dimensional code, users can unlock the car and start riding. When they arrive at the destination, users manually lock the bike in the street which arbitrarily painted white line to complete the return formalities. Mobike is just one of the most brands of shared bicycle brands. In fact, sharing bikes is in the early stages of competition, industry scale is not big enough. Although the prospects for sharing bicycles are difficult to predict,some characteristics of the industry are still very obvious, such as network externalities. Roland Berger has released "2018 China car sharing travel market analysis and forecast report”. In this report, Roland Berger pointed out that China has formed a $ 62.5 billion shared economy market, and maintained rapid growth of 54%.Roland Berger predicted that by 2018 the Chinese share market is expected to reach 230 billion US dollars, accounted by the 33% to 44% in the global economy, and Cnina will become the leading market around world. The report points out that car sharing travel in China has broad prospects, its direct demand reach to 816 million times / day in 2015, rapid growth in 2018 to 37 million times / day, the corresponding market capacity is expected to grow from 66 billion yuan / year to 380 billion yuan / year, while the potential demand for potential market capacity is expected to reach 1.8 trillion yuan. Car sharing travel will become unlimited blue ocean [1] .Sharing bikes’ market size growth is similar to the car sharing market. The Origin of the Network Externalities It is generally believed that the first analysis of network externalities is an economist Roll Graves (J. Rohlfs). However, according to Roll Cliffs, the economists Atr and Affleck Las (R. Artle and C. Averours) are the first to propose the communication service to the individual's incremental utility as a function of the number of users, and a dynamic model to demonstrate the interdependence of the communication needs to maintain communication services continued to increase. However, from the studies of systemic, Roll Hargreaves is still the devaluation. In the study of the telephone network, Roll Graves found that a user’s utility from the communication service increases by the number of joining in the system, and this is a typical example of external economic consumption, an important role to the communications industry basic economic analysis. Consumer preferences given, the cumulative service demand function by Consumer external economic generating the communication service inverted U-shaped demand curve. The presence of U-shaped demand curve, made the communication services market balanced at any given price, mostly depending on a balanced process of adjustment. The U-shaped demand 6th International Conference on Mechatronics, Computer and Education Informationization (MCEI 2016) Copyright © 2016, the Authors. Published by Atlantis Press. This is an open access article under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/). Advances in Intelligent Systems Research, volume 130
1 citations
Cites background from "Intermediate microeconomics : A mod..."
...From this relationship, it can be a demand curve; If there are n consumers to buy goods, it is obvious that the height of the demand curve represents the marginal consumer’s willingness to pay [3]....
[...]
03 Apr 2014
TL;DR: This work proposes a utility-based approach for decision making, as well as an architecture that allows for the support of this approach, and focuses on providing the means for entities in large-scale systems to model, monitor and evaluate their perceived utility by participating in the system.
Abstract: Large-scale systems comprising of multiple heterogeneous entities are directly influenced by the interactions of their participating entities. Such entities, both physical and virtual, attempt to satisfy their objectives by dynamically collaborating with each other, and thus forming collective adaptive systems. These systems are subject to the dynamicity of the entities' objectives, and to changes to the environment. In this work we focus on the latter, i.e.\ on providing the means for entities in such systems to model, monitor and evaluate their perceived utility by participating in the system. This allows for them to make informed decisions about their interactions with other entities in the system. For this purpose we propose a utility-based approach for decision making, as well as an architecture that allows for the support of this approach.
1 citations
Cites background or methods from "Intermediate microeconomics : A mod..."
...ferred choices get assigned larger numbers than less preferred ones (Varian, 2010)....
[...]
...A utility function is a way to quantify utility, assigning a number to every possible choice of the entity such that more preferred choices get assigned larger numbers than less preferred ones (Varian, 2010)....
[...]
...Game theory can be used to model the selection from a set of candidate ensembles based on the criterion of utility maximization (Varian, 2010): each entity chooses the ensemble that maximizes its utility taking into account the actions taken by the other entities too....
[...]