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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Journal Article•
TL;DR: In this paper, the authors used the Contingent Valuation Method (CVM) to determine households' willingness to pay (WTP) for improved water services in Swaziland.
Abstract: Management of water resources in an equitable manner by water managers has proved to be a demanding task. Therefore, evaluating domestic water demand behaviours produces an underlying basis for water managers to sustainably and efficiently meet the ever increasing demand for water. Using survey data collected from 314 households in the Lowveld and Lubombo regions of Swaziland, this paper uses the Contingent Valuation Method (CVM) to determine households’ willingness to pay (WTP) for improved water services. In estimating the parametric mean WTP and its determinants, the paper uses both the bivariate probit model and univariate probit model, respectively. The results show that 67% of the households were willing to pay the initial bid for improved water services. The mean WTP for a 20 litre of water was estimated at E0.47 [1] . Probit model results show that household income, education, gender, distance and owning a backyard garden positively influence household WTP. However, age, water quality and the initial bid offered deter households WTP for improved water services. This suggests that socioeconomic factors should be considered when setting domestic water tariffs and designing strategies for improved water supply services. Keywords : Willingness to Pay (WTP), Contingent Valuation Method (CVM), Swaziland [1] 1 USD = E13.5 Emalangeni
1 citations
Posted Content•
TL;DR: In this paper, the impact of the agricultural Market Information Service (MIS) on the performance of maize markets in Uganda has been analyzed and the overall conclusion from the research is that the MIS positively influenced market performance in all three market pairs.
Abstract: Agricultural market information such as commodity prices, trade volumes and weather conditions, plays an important facilitating role in improving the performance of markets This research assesses the impact of the agricultural Market Information Service (MIS) on the performance of maize markets in Uganda Specifically, the research analyzes two performance criteria - pricing efficiency and price transmission for three pairs of markets that trade in maize – three supply markets and one consumer market – over a period of 11 years from 1995 to 2006 The overall conclusion from the research is that the MIS positively influenced market performance in all three market pairs on two broad fronts First, after the MIS was implemented, a larger portion of the price changes in the consumer market was transmitted to the supply markets, and at a greater speed Second, with improved access to information, traders responded to opportunities to arbitrage, and as a result generated an additional US$ 18 million in 2004
1 citations
01 Jan 2004
TL;DR: In this article, the authors examined whether the training activity of the intellectual capital is able to enhance business value for Taiwan's information and electronic firms and found that firms with higher intellectual capital creating activities (training activities) are associated with higher business value.
Abstract: Training activities has been one of the firms’ critical management mechanisms for long time. Under the intellectual capital or balanced scorecard framework, how to utilizing the training activities to enhance a firm’s business value is an important research issue. The goal of this paper is to examine whether the training activity of the intellectual capital is able to enhance business value for Taiwan’s information and electronic firms. We collect empirical data from Taiwan information and electronic firms and use regression model to conduct empirical analysis. The empirical results show that firms with higher intellectual capital creating activities (training activities) are associated with higher business value. That is, firms with higher training activities are related to both higher labor revenue generating abilities (labor productivities) and higher labor profit generating abilities (labor profitability). The empirical evidence also shows that firms with higher employee wages and larger firm size are also related to both higher employee productivity and employee profitability.
1 citations
01 Jan 2020
TL;DR: The Einfuhrung informiert uber die Intention des Buches: einen Aspekt des wirtschaftenden Menschen in den Vordergrund zu stellen, der in der zeitgemasen Okonomik wenig untersucht wird as discussed by the authors.
Abstract: Die Einfuhrung informiert uber die Intention des Buches: einen Aspekt des wirtschaftenden Menschen in den Vordergrund zu stellen, der in der zeitgemasen Okonomik wenig untersucht wird – namlich seine Fahigkeit Bilder wahrzunehmen, zu deuten, zu produzieren und zu teilen und darauf seine sozialen Wahrnehmungen und sein soziales Handeln zu begrunden. Genau dieser Aspekt ist bei Adam Smith in der Theory of Moral Sentiments zu finden, wurde in der Geschichte der okonomischen Theorie bald vergessen, in der Neoklassik geleugnet und bleibt im Wissenskonzept von Hayek nur einer selbst ernannten Elite von original thinkers vorbehalten.
1 citations
01 Jan 2016
TL;DR: In this paper, the homo economicus is explored in detail and the author argues that this agent constitutes the kernel of modern neoclassical economics, and it is also shown how this agent is inserted into modern macroeconomics to render it ideological.
Abstract: In this chapter, the utility-maximising agent—or the homo economicus—is explored in detail. The author argues that this agent constitutes the kernel of modern neoclassical economics. This agent is showed to be an impossible construction that cannot exist outside of a timeless vacuum. It is also shown to be a completely vacuous intellectual construction from the point-of-view of empirical validation. It is then shown how this agent is inserted into modern macroeconomics to render it ideological.
1 citations