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Intermediate microeconomics : A modern approach
TLDR
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.read more
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Adjustment Processes in Cournot Duopoly
TL;DR: In this paper, the authors investigate a game that determines whether to adjust or not in a Cournot duopoly game and compare the results with that of the Nash game under maximin principle.
Posted Content
Impact of social interactions on demand curves for innovative products
TL;DR: In this paper, an agent-based model of innovation diffusion, which links consumer opinions with reservation prices, is used to show that a relatively strong WOM effect can lead to the creation of two separated price-quantity regimes, with a nonlinear transition between them.
Journal ArticleDOI
Basic Economic Principles: A Methodical Approach to Deriving Production Cost Estimating Relationships (CERs)
TL;DR: In this article, the authors examine a simple equation where cost is a function of one or more cost drivers and show that specifications of the process by which the independent variables (cost drivers) are generated, and the relationship connecting these to the observed dependent variables (e.g., cost) are necessary to rely on the rules and criteria of statistical inference to develop a rational method of measuring the economic theory relationship from a given sample of observations, and explore specific tests of hypotheses to check whether or not the classical statistical assumptions of normality, homoscedasticity, and independence of
Proceedings ArticleDOI
An Electronic Economic Mechanism Based on Interpersonal Relationship
TL;DR: This paper analyzes items' values which is defined by items' prices and the relationships and proposes a trading protocol including the relationship between sellers and buyers based on the analysis.