Download or read book Essays on Microeconomic Theory with Applications in Political and Resource Economics written by Yang Xie and published by . This book was released on 2016 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is an exhibition of applied microeconomic theory in political and resource economics. As three examples, I investigate three different questions, respectively: Does polarization of beliefs always intensify political gridlock in collective decision making? Will input-efficiency improvement in water use, e.g., adoption of more-efficient irrigation technologies and investment in water-conveyance systems, definitely decrease the demand for water-storage capacities, e.g., dams and reservoirs? Is collectivism, rather than individualism, generally helping society overcome the collective action problem? Using the game-theory or stochastic-control approach, I theoretically challenge conventional wisdoms about these questions, and illustrate the empirical relevance of my challenges, qualitatively or quantitatively, in different contexts, e.g., the Chinese transition from the planned economy, World War II and Operation Market--Garden, the irrigation water-inventory management of the California State Water Project, and the histories of collective action in China and Europe.
Download or read book Essays on Microeconomic Theory written by Konstantinos Tokis and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Microeconomic Theory and Behavioural Economics written by Zhuoqiong Chen and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microeconomics Macroeconomics and Economic Policy written by P. Arestis and published by Springer. This book was released on 2011-07-26 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics, Macroeconomics and Economic Policy are at the core of research and study in economics. The essays in this volume have been specifically commissioned and brought together to celebrate the work of Malcolm Sawyer, who has made substantial contributions in these areas.
Download or read book Essays on Microeconomic Applications in Political Economy and Business Strategy written by Lei Cheng and published by . This book was released on 2016 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the sudden deaths of retired government officials who were acting as independent directors of private firms to study the effects of losing political connections on the firm's economic performance. Employing an event study, we find that, if a private firm loses political connections because of the sudden death of an independent director who was previously a government official, its stock price drops 1.47% on average within ten trading days. Moreover, after the sudden loss of political connections, there is a reduction in the economic benefits (e.g., bank loans, tax preference, and government subsidies) that a private firm can get from the government or banks, which provides a reasonable explanation for the negative stock price reaction. This paper also finds that, when a politically connected private firm unexpectedly loses its political connection, it increases investments in physical capital in order to regain its competitive advantage, which suggests that physical capital serves as a substitute for political capital.
Download or read book Microeconomics Theory And Applications written by D. N. Dwivedi and published by Pearson Education India. This book was released on 2002-09 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to be a comprehensive and standard textbook for undergraduate students of Microeconomics. Apart from providing students with sufficient study material for examination purpose, it aims at making them understand economics. An effort has been made to explain abstract and complex microeconomic theories in a simple and lucid language without sacrificing analytical sophistication. The subject matter has been structured in a systematic manner without leaving gaps for the readers to fill in. Though the approach is non-mathematical, simple algebra has been used to give a concrete view of economic concepts and theories and to show the applicability of economic theories in decision making.
Download or read book Microeconomics Theory and Applications 4rd Edition 599 written by Dwivedi D.N. and published by Vikas Publishing House. This book was released on with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this book is to provide a comprehensive and authentic analysis of microeconomic theories and their applications to business decisions and to the determination of the general equilibrium of microeconomic variables. Some significant changes have been made in this edition of the book by taking in view the modern syllabi of microeconomics recommended by the UGC and the universities in India.
Download or read book Essays on Applied Microeconomic Theory written by David Andrés-Cerezo and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is a collection of three independent essays in applied microeconomic theory. The first chapter, co-authored with Milena Almagro, explores the conditions under which a state promotes a shared national identity on its territory. A forward-looking government that internalizes identity dynamics shapes them by implementing nation-building policies. Assimilation attempts are constrained by political unrest, electoral competition, and the intergenerational transmission of identities. We find the long-run evolution of identities to be highly sensitive to initial conditions and to temporary shocks that affect the relative political power of the ethnic groups. Interestingly, when the conditions to promote the national identity are not present, the central government avoids long-run con ict by allowing regional identities to thrive. The results point to different nation-building behavior between autocracies and democracies, with the latter being more likely to preserve regional identities. The second chapter, co-authored with Natalia Fabra, analyzes how firms' incentives to operate and invest in energy storage depend on the market structure. For this purpose, we characterize equilibrium market outcomes allowing for market power in storage and/or production, as well as for vertical integration between storage and production. Market power reduces efficiency through two channels: it induces an inefficient use of the storage facilities, and it distorts investment incentives. We illustrate our theoretical results by simulating the Spanish wholesale electricity market. The results are key to understanding how to regulate energy storage, an issue which is critical for the deployment of renewables. The third chapter explores the difficulties that endogenous preferences pose for normative work, using environmental policy design as a motivating example. I first assess how the major positions in welfare economics can be adapted to contexts in which policies shape preference formation. The implications for policy design of using different welfare criteria are then illustrated with a simple model of carbon pricing. An empirically implementable method is proposed to micro-found the relative weights that a standard welfarist approach could give to pre-policy and post-policy preferences.
Download or read book Microeconomics Theory And Applications written by Ghai & Gupta and published by Sarup & Sons. This book was released on 2002 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productivity Change Public Goods and Transaction Costs written by Yoram Barzel and published by Edward Elgar Publishing. This book was released on 1995 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This selection of Barzel's papers focuses upon issues in microeconomics. They cover production functions and productivity, optimal timing, labour, public choice, industrial organization, demand analysis, and property rights and transaction costs. Key contributions featured in this collection include Some Observations on the Index Number Problem, An Alternative Approach to the Analysis of Taxation, An Economic Analysis of Slavery and Measurement Cost and the Organization of Markets.
Download or read book Four Essays in Resource and Political Economics written by Markus Ludwig and published by . This book was released on 2013 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Political Economy and Resource Economics written by Mauricio Andrés Rodriguez Acosta and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Microeconomic Theory written by Damien Sean Eldridge and published by . This book was released on 2007 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation uses game theoretic techniques to explain the existence of two economic institutions which are ignored by the Arrow-Debreu-McKenzie general equilibrium model of an economy. The first institution that I consider is the gated structure of some professional service industries. Two very similar explanations for the existence of such a structure are provided in Chapter 2 and Chapter 3 of this dissertation. The second institution that I consider is the presence of self-enforcing social conventions that can allow a small, isolated village to successfully manage common property resources in the absence of private property rights or some other form of explicit regulation. An explanation for the existence of this institution is provided in Chapter 4 of this dissertation. Many service industries, including the medical and legal professions in some countries, display a gated structure. Rather than approaching a final producer directly, a consumer will first seek a referral from an intermediary. Chapter 2 provides one possible explanation for such an industry structure. If the outcome of a transaction depends on producer effort, which is unobservable and unverifiable, then the market may fail to generate a Pareto optimal outcome. This is the standard moral hazard problem. If consumers had a long-run relationship with producers, this type of market failure might be avoided. However, in some industries, consumers will only have a short-run relationship with producers. A gatekeeping intermediary may provide an opportunity for reputation effects to apply in such a setting. By aggregating many potential consumers, gatekeeping intermediaries can create an artificial long-run relationship between a consumer and a producer. This long-run relationship reduces the incidence of shirking on the part of the producer. Chapter 3 provides another possible explanation for the gated structure of some professional service industries. Such an industry structure might help to alleviate adverse selection problems between parties that interact infrequently. Intermediaries aggregate many short-run transactions between various consumers and a particular producer. As such, they might be able to learn a producer's level of proficiency more rapidly than an individual consumer. However, the presence of a positive information externality means that too few consumers will seek a referral. As such, some form of regulation to encourage consumers to seek a referral might be warranted. Chapter 4 provides a model in which small and relatively isolated communities can successfully manage local commons informally in circumstances where larger or less isolated communities could not do so. The reason for this is the non-anonymous nature of many interactions between the members of a small and isolated community. Such communities may be able to use these multiple interactions to enforce informal restrictions on the usage of local commons. To the extent that the process of economic development reduces the number of non-anonymous interactions among community members, it will reduce the ability of the community to successfully manage the local commons informally. The resulting need for either explicit regulation or the introduction of private property rights represents a hidden cost of development.
Download or read book Essays in Microeconomics written by Luca Braghieri and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores various topics at the intersection of behavioral economics and political economy. It develops a theory of preference formation, investigates the effects of social media use, and studies the relationship between social image concerns and effective communication in the context of the political correctness debate. The first chapter, coauthored with B. Douglas Bernheim, Alejandro Martínez-Marquina, and David Zuckerman, develops a theory of preference formation. Specifically, we propose and develop a dynamic theory of endogenous preference formation in which people adopt worldviews that shape their judgments about their experiences. The framework highlights the role of mindset flexibility, a trait that determines the relative weights the decision maker places on her current and anticipated worldviews when evaluating future outcomes. The theory generates rich behavioral dynamics, thereby illuminating a wide range of applications and providing potential explanations for a variety of observed phenomena. The second chapter, coauthored Hunt Allcott, Sarah Eichmeyer, and Matthew Gentzkow, studies the effects of social media use. The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. In a randomized experiment, we find that deactivating Facebook for the four weeks before the 2018 US midterm election (i) reduced online activity, while increasing offline activities such as watching TV alone and socializing with family and friends; (ii) reduced both factual news knowledge and political polarization; (iii) increased subjective well-being; and (iv) caused a large persistent reduction in post-experiment Facebook use. Deactivation reduced post-experiment valuations of Facebook, suggesting that traditional metrics may overstate consumer surplus. The third chapter studies the relationship between social image concerns and effective communication in the context of the political correctness debate. Specifically, I study theoretically and experimentally whether social image concerns around topics related to political correctness on college campuses lead students to publicly state opinions that they do not privately hold, and whether such distortions diminish the informativeness of statements made in public. The theoretical framework underlying the experiment - a signaling model with lying costs - suggests that social image concerns may distort the sensitive socio-political attitudes that students report in public compared to the ones they hold in private, but that such distortions need not necessarily imply a loss of information. The results of the experiment show that: i) social image concerns drive a wedge between the sensitive socio-political attitudes that college students report in private and in public; ii) public utterances are less informative than private utterances according to a host of measures of informativeness suggested by the theoretical model; iii) information loss is exacerbated by the fact that the natural audience in the environment, namely other college students, are partially naive about the ways in which social image concerns distort their peers' public statements.
Download or read book Essays in Microeconomic Theory written by Justin Pappas Johnson and published by . This book was released on 1999 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Trade and Conflicting National Interests written by Ralph E. Gomory and published by MIT Press. This book was released on 2022-06-07 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.
Download or read book The State the Enterprise and the Individual written by Margaret Sharp and published by London : London School of Economics and Political Science : Weidenfeld and Nicolson. This book was released on 1973 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
