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 May 2018
TL;DR: The optimal allocation problem is addressed and the problem of BSR siting is dealt with by applying the conception of electrical betweenness and the utility theory is utilized to determine the optimal capacity of different kinds of B SRs.
Abstract: The categories of black start resources (BSR) have been extended in the modern smart grid with the penetration of renewable energies. On one hand, the distributed renewable energy resources (RES) and storage facilities give birth to an new kinds of black-start resource (BSR): RES hybrid unit. On the other hand, the flexible HVDC link in modern smart grid can be a valuable BSR provider. Considering the novel kinds of BSR, the optimal allocation problem is addressed in this paper. Firstly, the optimal black-start capability of a grid is determined through pursuing the highest society utility. Secondly, the utility theory is utilized to determine the optimal capacity of different kinds of BSRs. Furthermore, the problem of BSR siting is dealt with by applying the conception of electrical betweenness. Case studies present the effectiveness of the proposed method by the modified IEEE-9 and IEEE-30 bus testing system.
1 citations
Cites background from "Intermediate microeconomics : A mod..."
...Subfigure (c) is the Cobb-Douglas utility function [11] with c=d=1/2 in equation (12)....
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TL;DR: In this article, a new framework for effective economic education is proposed, which starts with identifying the assumptions in economics as the building blocks and illustrates how theories for efficient markets, as the base-case constructs, can be built with so-defined blocks.
Abstract: One reason many college students shun economics is ineffective education. A more systematic way of explanation, with standardization and consistency, would promote learning of economic theories. This paper suggests a new framework for effective economic education. It begins with clear identification of the assumptions in economics as the building blocks. After that, it illustrates how theories for efficient markets, as the base-case constructs, can be built with so-defined blocks. By following this process, students will understand fundamental economic theories more easily. After being familiar with basics, they can advance to non-standard constructs with modified blocks or sophisticated theories for irregular conditions. By comparing the base case models with market irregularities, students can clearly differentiate the roles of the government from those of the market.
1 citations
Cites background from "Intermediate microeconomics : A mod..."
...Or, the market price is defined before the supply and demand (Varian 2010, 679)....
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...More specifically, beneficial services are undersupplied while deleterious ones are oversupplied because of free riding (Varian 2010; Perloff 2011)....
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...Cost terms need to be more clearly defined in order to avoid confusion: lump-sum vs. incremental, and; sunk (unavoidable) vs. discretional (avoidable), for example (Varian 2010; Perloff 2011)....
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Posted Content•
TL;DR: In this article, the effects on the consumers' surplus of a sequence of reforms in network industry are investigated using a simple comparative statics framework, and the results are determined by the relative size of the x-inefficiencies of the public monopolist, allocative inefficiencies of private monopoly, the cost of unbundling and costs related to establishing a competitive market.
Abstract: Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively public monopoly, unregulated private monopoly, regulated private monopoly, vertically disintegrated monopoly, duopoly and liberalized market. The results are determined by the relative size of the x-inefficiencies of the public monopolist, allocative inefficiencies of private monopoly, the cost of unbundling and costs related to establishing a competitive market.
1 citations
01 Jan 2010
TL;DR: Forsakringsbedragerier as discussed by the authors en studie av sambandet mellan sjalvrisk och oberattigade ersattningskrav.
Abstract: Forsakringsbedragerier : En studie av sambandet mellan sjalvrisk och oberattigade ersattningskrav
1 citations
01 Jan 2011
TL;DR: Generally, this paper finds that, relative to increases in cigarette taxes, bans are less successful in changing smokers’ behavior, but results indicate that of the three types of bans, those in restaurants are correlated with the largest likelihood of behavioral change.
Abstract: Since 2001, the pervasiveness of 100% smoke-free bans has increased dramatically, while the smoking rate among American adults has decreased modestly This study examines the effect of these bans in workplaces, bars, and restaurants on changes in smoking behavior (initiation, prevalence, continuation, consumption, and cessation) using individual-level smoking data from the Behavioral Risk Factor Surveillance Survey Generally, this paper finds that, relative to increases in cigarette taxes, bans are less successful in changing smokers’ behavior Nonetheless, results indicate that of the three types of bans, those in restaurants are correlated with the largest likelihood of behavioral change Date: 5/3/2011 Acknowledgements: I am grateful to a number of individuals who have provided guidance, assistance, and support throughout my time writing this thesis First and foremost, I would like to thank my thesis advisor, Professor Sarah West: without her time, insightful comments, revisions, and deadlines, this thesis would not be where it is today Second, I thank Professors Karine Moe and Paru Shah, my readers, for their contributions and feedback Third, I would like to thank Professor Raymond Robertson both for his guidance during the honors seminar and throughout my time at Macalester Fourth, I am grateful for the help of Brad Belbas, Xiaobo Ke, Hershel Nachlis, Alex Pazcek, Max Fram-Schwartz, and Raisa Behal in procuring the ACCRA cost of living data Fifth, I thank my peers in the honors seminar, as well as Paul Burns, Adam Freedman, Molly Frean, Lowell Ricketts, and David Lopez for insightful comments during the editing process Finally, I want to thank my academic advisor, Professor Patrick Schmidt; economics department coordinator, Jane Kollasch; and my friends – especially, Patrick Kemp, Kiersten Yeazel, and Deirdre Ratigan – for their emotional support during this process
1 citations
Cites background from "Intermediate microeconomics : A mod..."
...This utility function exhibits constant elasticity of substitution (Varian, 1993)....
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