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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 Jan 1998
TL;DR: An investigation of best-effort and integrated services Internet characteristics in terms of suitable, applicable, or existent solutions and approaches for charging and accounting methods is provided.
Abstract: Today's information society bears a stringent need for advanced communication services and content. Although solutions for methods of charging and accounting of single service class networks exist and are applied successfully, Integrated Services Networks require a completely different approach. Charging and accounting for the future Internet remain unsolved problems at the time being. This is due to a variety of service characterizations by Qualityof-Service (QoS) and the fact that the shape of the Integrated Services Internet is still not fully defined. In addition, a highly competitive telecommunication service provider market requires dynamic pricing schemes for integrated multiservice networks in order to deal with basic bandwidth allocation and advanced QoS services. Based on basic terminology and general economic models an investigation of best-effort and integrated services Internet characteristics in terms of suitable, applicable, or existent solutions and approaches for charging and accounting methods is provided. Using these ideas being developed in research trends are sketched for the upcoming third and fourth phase of Internet development which will be strongly influenced by economic elements.

43 citations


Cites background from "Intermediate microeconomics : A mod..."

  • ...The above mentioned efficiency gain which is achieved in competitive markets has a theoretical foundation, the Pareto efficiency, where no player can be better off without hurting any other [ Vari96 ]....

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Journal ArticleDOI
TL;DR: This article surveys relevant service models and motivates the need for appropriate charging mechanisms for network communications, giving an overview on requirements for a charging system, its technical components, and issues for future business models that might by employed by service providers.

42 citations

Journal ArticleDOI
TL;DR: In this paper, critical genealogy is used to demonstrate that the norms that discourage lateral hiring are constructions used by powerful employers to control the turnover of their employees, making them subjects of their employer's power rather than free and autonomous people in their own right.
Abstract: Lateral hiring is the intentional action of one employer to identify, solicit, and hire an individual or group of employees currently employed by another firm, a practice often pejoratively labeled “poaching.” We use the method of critical genealogy to demonstrate that the norms that discourage lateral hiring are constructions used by powerful employers to control the turnover of their employees, making them subjects of their employer’s power rather than free and autonomous people in their own right. We suggest instead that ethical responsibility for entertaining or rejecting lateral hiring offers rests with the focal employee(s). We conclude that the form and symmetry of loyalty between employees and their current employers are the determinants of the appropriateness of an employee’s decision to entertain and accept outside offers. These conclusions imply responsibilities for employers to forge (and employees to honor) symmetrical relational loyalty in the workplace, but not for alternate employers to refrain from making lateral hiring offers.

42 citations


Cites background from "Intermediate microeconomics : A mod..."

  • ...Collusion among buyers or among sellers in any market shifts power to them and away from their counterparties, typically in the form of pricing (Varian, 1993)....

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  • ...…freedom of choice, yet choice is constrained with the existence of norms against lateral hiring (Knight, 1997; Hayek, 1978; Kirzner 1994). collusion among buyers or among sellers in any market shifts power to them and away from their counterparties, typically in the form of pricing (Varian, 1993)....

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Book
01 May 2011
TL;DR: An extended and revised edition (2018) can be downloaded for free at https://bookboon.com/en/fisheries-and-aquaculture-economics-ebook as discussed by the authors.
Abstract: An extended and revised edition (2018) can be downloaded for free at https://bookboon.com/en/fisheries-and-aquaculture-economics-ebook

42 citations


Cites background from "Intermediate microeconomics : A mod..."

  • ...It may have one, two or n number of inputs and it may have constant returns to scale or variable returns to scale (see Varian, 2003)....

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Journal ArticleDOI
TL;DR: It has been found that animals compensate for increased cost of access with longer visit time, and measures based on time with the resource may underestimate resource consumption at higher access costs, and demand curves derived from these measures may not be a true reflection of the value of different resources.
Abstract: Addressing the behavioral priorities of captive animals and the development of practical, objective measures of the value of environmental resources is a principal objective of animal welfare science. In theory, consumer demand approaches derived from human microeconomics should provide valid measures of the value of environmental resources. In practice, however, a number of empirical and theoretical problems have rendered these measures difficult to interpret in studies with animals. A common approach has been to impose a cost on access to resources and to use time with each resource as a measure of consumption to construct demand curves. This can be recorded easily by automatic means, but in a number of studies, it has been found that animals compensate for increased cost of access with longer visit time. Furthermore, direct observation of the test animals' behavior has shown that resource interaction is more intense once the animals have overcome higher costs. As a consequence, measures based on time with the resource may underestimate resource consumption at higher access costs, and demand curves derived from these measures may not be a true reflection of the value of different resources. An alternative approach to demand curves is reservation price, which is the maximum price individual animals are prepared to pay to gain access to resources. In studies using this approach, farmed mink (Mustela vison) paid higher prices for food and swimming water than for resources such as tunnels, water bowls, pet toys, and empty compartments. This indicates that the mink placed a higher value on food and swimming water than on other resources.

42 citations


Cites background from "Intermediate microeconomics : A mod..."

  • ..., houses) is thought to be a more appropriate measure of the value of such goods (Varian, 1996)....

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  • ...An alternative measure of value that can also be derived from demand functions is the consumer surplus or total quantity demanded over a range of cost (Varian, 1996), which is calculated as the area under the demand curve (Houston, 1997; Kirkden, 1999; Ng, 1990)....

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  • ...…curves are not suitable for assessing the value of discrete, nondivisible resources, such as nest boxes or social contact, and in human economics, the price paid by each consumer for such resources (e.g., houses) is thought to be a more appropriate measure of the value of such goods (Varian, 1996)....

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