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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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Preference Shifts During Health Shocks: Foreign Tourists’ Expenditure–Price Elasticity Throughout the Pandemic
David Boto-García,J F Baños Pino +1 more
TL;DR: In this article , the authors evaluate the changes in the expenditure-price elasticities of foreign tourists in the summer periods of 2019, 2020, and 2021 by exploiting microdata for more than 34,000 foreign tourists visiting Spain, and empirically examine the expenditure elasticities with respect to the prices of transport services, leisure activities and bars and restaurants.
Journal ArticleDOI
The Available Scope of the Assumption of Representative Agent
TL;DR: In this article, the authors show that the competitive economy, over a long time scale, would produce a large number of general equilibria each of which can be regarded as a possible microstate of this economy.
Journal ArticleDOI
Diffusion of information and phase transition in the Fisher market
TL;DR: The experimental results demonstrate that the long time states are sensitive to initial conditions and exhibit the following patterns: Homogeneous: the market prices of the two goods are equal and the buyers split equally their budget amongst the goods.