Download or read book Mark up Pricing Equilibria Under Uncertainty written by Simon Grant and published by . This book was released on 1994 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uncertainty and the Theory of Mark up Pricing written by Robert Weston Fraser and published by . This book was released on 1984 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mark Up Pricing Under Demand Uncertainty written by Michael A. Salinger and published by . This book was released on 2015 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the mark-up rule relating a firm's profit-maximizing price to its marginal cost and its elasticity of residual demand to the news vendor problem with endogenous pricing. Two adjustments are necessary. First, the relevant elasticity of demand is the elasticity of the average quantity sold with respect to price. Second, marginal cost is the marginal cost per unit of an expected unit sold, computed as the marginal cost of an additional unit produced divided by the expected fraction of the marginal unit produced that the firm sells. Applying this rule clarifies why increased uncertainty about demand can cause an increase in output with additive uncertainty and a reduction in output with multiplicative uncertainty.
Download or read book Equilibrium of Spot and Futures Markets Under Uncertainty written by Roy Radner and published by . This book was released on 1967 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relation between equilibrium and optimum under uncertainty is explored in a model of an economy with spot markets at each date and with an incomplete system of futures markets for delivery contingent on future events. An equilibrium is a consistent set of plans, spot prices, and conditional forecasts of future prices. For the economy to achieve an optimum relative to a given structure of information, economic agents must be able to buy insurance against changes in spot prices. The role of spot prices as information signals is emphasized. (Author).
Download or read book Generic Existence of Equilibria for Economies with Uncertainty when Prices Convey Information written by Beth Elaine Allen and published by . This book was released on 1978 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Underemployment Equilibria written by Jacques H. Drèze and published by Cambridge University Press. This book was released on 1991 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1991 book is a selection of Jacques Drèze's work over the last decade on the topics of lasting unemployment, stagflation and unused capacity. At the theoretical level, the author has contributed to the formulation and analysis of general equilibrium models which allow for price rigidities and excess supply and lend themselves to econometric implementation, thus represents an attempt to integrate micro- and macroeconomics, and to use theory for empirical and policy purposes.
Download or read book Equilibrium Price Dispersion Under Demand Uncertainty written by James D. Dana and published by . This book was released on 1992 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomics After the General Theory written by Angel Asensio and published by Taylor & Francis. This book was released on 2024-07-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both Keynes’s General Theory and orthodox economics seek to understand how competitive markets work, but they diverge sharply with respect to the nature and properties of the competitive equilibrium. The reason, as Keynes himself pointed out, is that the General Theory recognises that the future consequences of current decisions are fundamentally uncertain which, contra the orthodox view, radically affects decision-making and the functioning of markets. This book approaches macroeconomics on the basis of the General Theory, of which a new exposition is offered in the first part, purged of the grey areas that resulted from the context in which it was written, and of the considerable confusion generated for almost a century by the vain attempts of orthodox thinking to integrate such novel ideas in its deficient conceptual framework. The second part aims at extending the conceptual framework to the open economy and considering how uncertainty affects international linkages. The third part proposes an integrated conceptual and formal framework for analysing how changes in the national and international context, including macroeconomic policies, affect an economy. This new examination of General Theory is a major addition to the literature on Keynes, macroeconomics, economic theory and the history of economic thought.
Download or read book Microeconomic Theory And Applications Part Ii written by Agarwala S K and published by Excel Books India. This book was released on 2010 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics focuses on individual units like a consumer, a producer, a firm/industry, a commodity, etc. It analyses the behaviour of one market variable at a time. In microeconomics, the commodity markets are divided into perfect competitive markets and imperfect markets. 'Microeconomic Theory and Application (Part II)' deals with imperfect markets that are broadly classified into monopoly, monopolistic competition and oligopoly. Apart from this, the book also deals with the concept of factor pricing and its various aspects, in detail. This book supplements the classroom teaching and has been developed as per the syllabus of Bcom (Hons) II year course of the University of Delhi. The book would prove to be equally useful for all microeconomics courses at the graduation level across all the universities in India.
Download or read book Pricing and Equilibrium written by Erich Schneider and published by . This book was released on 1952 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Alfred Marshall and Modern Economics written by N. Hart and published by Springer. This book was released on 2013-03-25 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alfred Marshall and Modern Economics re-examines Marshall's legacy and relevance to modern economic analysis with the more settled conventional wisdom concerning evolutionary processes allowing advances in economic theorising which were not possible in Marshall's life time.
Download or read book Keynes Uncertainty and the Global Economy written by Sheila C. Dow and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
Download or read book Uncertainty in Economics written by Peter Diamond and published by Academic Press. This book was released on 2014-05-10 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for positive and normative theories of individual choice. This text then examines the biases in judgments, which reveal some heuristics of thinking under uncertainty. Other chapters consider the effect of restricting trade in contingent commodities to those trades that can be affected through the stock and bond markets. This book discusses as well the individual problem of sequential choice and equilibria, which are built around the notion of sequential choice. The final chapter deals with an entirely different aspect of the economics of information and reverts to the assumption that markets are perfect and costless. This book is a valuable resource for economists and students.
Download or read book Equilibrium Price Dispersion Under Demand Uncertainty written by James D. Dana and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When capacity is costly and prices are set in advance, firms facing uncertain demand will sell output at multiple prices and limit the quantity available at each price. I show that the optimal price strategy of a monopolist and the unique pure-strategy Nash equilibria of oligopolists both exhibit intrafirm price dispersion. Moreover, as the market becomes more competitive, prices become more dispersed, a pattern documented in the airline industry. While generating similar predictions, the model differs from the revenue management literature because it disregards market segmentation and fare restrictions that screen customers.
Download or read book Theoretical and Practical Frameworks for Agent Based Systems written by Zhang, Yu and published by IGI Global. This book was released on 2012-05-31 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many everyday dilemmas existing in the real world are complex and difficult to solve or fix, ranging from tax evasion to dispatching taxis to scheduling patient visits in hospitals, and much more. Within these complicated problems, however, lies the potential to be simplified or solved by intelligent agents and multi-agent systems. Theoretical and Practical Frameworks for Agent-Based Systems tackles these real problems and many more, bringing the theoretical research of intelligent agents to researchers and practitioners in academia, government, and innumerable industries. Professionals and experts in every field ranging from education to healthcare and beyond will find this reference to be essential in the understanding of agents, and researchers currently working in the field of intelligent agents will benefit from this exciting examination of practical applications.
Download or read book Strategic Trade Policy Under Uncertainty written by Simon Grant and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Imperfect Competition written by Melvin L. Greenhut and published by Cambridge University Press. This book was released on 1987-01-30 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.
