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
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Journal Article•
TL;DR: In this paper, the authors examined the competition and regulation prevailing in the Indian telecommunications market and described a model of price caps in an attempt to minimize the market distortion and improve societal welfare.
Abstract: The existence of large fixed costs in several parts of the telecommunications network makes the industry exist under natural monopoly or oligopoly. The incentive of gain in long-run however motivates new firms entry into the market. The new firms lower price by sacrificing short-run gains in their effort to enter into the market and the incumbent firms, on the other hand, respond to the new price to sustain in the market. Nevertheless, the incentives of gain in long-run under the large fixed costs distort the existing market in short-run unless the market is properly regulated. This paper examines the competition and regulation prevailing in the Indian telecommunications market and describes a model of price caps in an attempt to minimize the market distortion and improve societal welfare.
Dissertation•
01 Jan 2018
Cites background from "Intermediate microeconomics : A mod..."
...The degree of competition affects the consumer, the performance and behaviour of the company involved (Yadav, 1995; Varian, 2002)....
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