Download or read book The Relationship of Competitive Public Goods Models and Monopolistic Competition written by Stephen Shmanske and published by . This book was released on 1985 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Goods Mixed Goods and Monopolistic Competition written by Stephen Shmanske and published by Texas A&M University Press. This book was released on 1991 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public goods and monopolistic competition have traditionally been separate fields of study in microeconomics, each field having its own array of models. In this book, Stephen Shmanske builds a theoretical bridge between these two areas, suggesting that public goods and monopolistic competition are different dimensional simplifications of the same general model. The author argues first that the generic model for public goods has two dimensions of consumption but that public goods models have usually ignored or simplified the utilization dimension. Furthermore, private goods models in the monopolistic competition vein also have two implicit dimensions of consumption, but again, one of the dimensions is treated in a very constrained fashion. As it turns out, between public goods and monopolistic competition, each model emphasizes the dimension that is ignored or simplified in the other. Thus, the general, mixed goods model draws from both traditions, using the results of one model to generalize and extend the other. An immediate implication of the analysis is that the traditional models of public goods and monopolistic competition have focused on special cases and thus have provided misleading conclusions. Specifically, monopolistic competition and other models of differentiated oligopoly have reached conclusions in settings that emphasize uniform pricing despite the facts that (1) discriminatory pricing has been studied in competitive situations in public goods models, (2) discriminatory pricing is the more usual pricing method, and (3) the results obtained using uniform pricing do not generalize to more sophisticated pricing regimes. Meanwhile, public goods models have focused on special cases like national defense, where the results obtained do not generally apply in other public or mixed goods settings. Shmanske's conclusions have great relevance to policy formation on public goods provision. Public goods and mixed goods are not curious anomalies; they are all around us, and in most cases competitive private sector agents can and have been providing public goods with no market failure. Professionals and scholars in the areas of public finance and industrial organization will appreciate Shmanske's careful critique of existing models and his rigorous conceptualizing and modeling of public goods in private markets characterized by monopolistic competition.
Download or read book Monopolistic Competition Growth and Public Good Provision written by Paul Pecorino and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the standard model, provision of a pure public good is increasing in group size if it is a normal good. I develop a model of public good provision in which private goods are supplied in a monopolistically competitive market. In this context, increases in the size of the group are increases in the population of a society. I find that increases in population lead to reduced public good provision. The reason is quite simple: As population increases, the number of private goods available for consumption also increases. This raises the marginal utility of income and increases the opportunity cost of contributing to the public good.
Download or read book Monopolistic Competition and Public Good Provision with By Product Firms written by Paul Pecorino and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I develop a model in which the voluntary contributions mechanism for the provision of public goods totally breaks down in a large society. A by-product firm sells a private good and uses its profits to provide a public good. By-product firms compete with for-profit firms in a monopolistically competitive industry. If the number of by-product firms is proportional to the size of the society, then public good provision rises without bound as the society grows large. This stands in strong contrast to the results under the voluntary contributions mechanism.
Download or read book Modern Fiscal Issues written by Richard M. Bird and published by University of Toronto Press. This book was released on 1972-12-15 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this work, all leading economists in their own right, are a few of the many colleagues, former students, and friends of Carl Shoup who have benefitted from his many years as a leading teacher and scholar of public finance. They dedicate this book to their mentor on the occasion of his seventieth birthday, in recognition of his intellectual probity and wide influence on thinking about public finance throughout the last forty years. Matching the breadth of interest of Professor Shoup’s life-long work in the field, this collection of essays covers the range of modern thinking on public finance from theoretical concepts such as public goods to eminently practical fiscal issues like value added tax. The traditional but still relevant fiscal issues—government accounting, international taxation, taxation in developing countries, metropolitan fiscal problems, income taxation, and tax structure—are discussed along with new concerns such as modern public expenditure theory and environmental theory. The book will be a useful addition to university and college libraries and will prove invaluable to public finance scholars and others interested in modern thinking on vital fiscal issues.
Download or read book Public Goods and Public Allocation Policy written by Rüdiger Pethig and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 1985 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public goods with price exclusion / Michael E. Burns and Cliff Walsh -- Free rider and bad wagons / Bengt-Arne Wickström -- Competitive lobbying for group-specific public goods / Rüdiger Pethig -- The MDP-procedure in a regional economy / Oskar von dem Hagen -- Distributive and allocative effects of individual voting behaviour / Horst Hanusch and Peter Biene -- Majority decisions on regional environmental quality and interregional pollution / Ferdi Dudenhöffer -- Environmental policy with pollution interaction / Alfred Endres -- Alternative allocation procedures for public goods / Wolfgang Blümel.
Download or read book Public Goods for Economic Development written by Olga Memedović and published by UN. This book was released on 2008 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication addresses factors that promote or inhibit successful provision of the four key international public goods: financial stability, international trade regime, international diffusion of technological knowledge and global environment. Without these goods, developing countries are unable to compete, prosper or attract capital from abroad. The need for public goods provision is also recognized by the Millennium Development Goals, internationally agreed goals and targets for knowledge, health, governance and environmental public goods. The Report addresses the nature of required policies and institutions using the modern principles of collective action.
Download or read book Principles of Macroeconomics for AP Courses 2e written by Steven A. Greenlaw and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Download or read book The Economics of Imperfect Competition written by Joan Robinson and published by Springer. This book was released on 1969-07-01 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Alternatives For Delivering Public Services written by Emanuel S. Savas and published by Routledge. This book was released on 2019-08-26 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the result of a program undertaken nine years ago by the Diebold Institute for Public Policy Studies, Inc., to identify and analyze potentials for private sector involvement in the delivery of public services. Since its founding in 1968, the Diebold Institute has focused on this question in the belief that private enterprise is capable of infusing public service delivery with the efficiency in resource allocation and management that is its hallmark, whether through direct involvement as a service provider or as a source of market dynamics and management techniques.
Download or read book The Monopolistic Competition Revolution in Retrospect written by Steven Brakman and published by Cambridge University Press. This book was released on 2011-07-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched "the second monopolistic competition revolution". Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers. They reveal what appears to be "missing" and look forward to the next step in the modelling of imperfectly competitive markets. The text includes a comprehensive survey of the two monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.
Download or read book A Guide to What s Wrong with Economics written by Edward Fullbrook and published by Anthem Press. This book was released on 2004 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations.
Download or read book Economy Society and Public Policy written by The Core Team and published by Oxford University Press, USA. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course.
Download or read book Average Is Over written by Tyler Cowen and published by Penguin. This book was released on 2013-09-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned economist and author of Big Business Tyler Cowen brings a groundbreaking analysis of capitalism, the job market, and the growing gap between the one percent and minimum wage workers in this follow-up to the New York Times bestseller The Great Stagnation. The United States continues to mint more millionaires and billionaires than any country ever. Yet, since the great recession, three quarters of the jobs created here pay only marginally more than minimum wage. Why is there growth only at the top and the bottom? Economist and bestselling author Tyler Cowen explains that high earners are taking ever more advantage of machine intelligence and achieving ever-better results. Meanwhile, nearly every business sector relies less and less on manual labor, and that means a steady, secure life somewhere in the middle—average—is over. In Average is Over, Cowen lays out how the new economy works and identifies what workers and entrepreneurs young and old must do to thrive in this radically new economic landscape.
Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2018 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond.
Download or read book Examining the Relationship Between Economics and Philosophy written by Akansel, Ilkben and published by IGI Global. This book was released on 2019-10-25 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s data-driven world, certain infrastructures of society have begun to lose their anthropological traits. Economics, specifically, has started placing importance on quantity over quality, excluding its philosophical perspective. Scientists and associates of economics need to be reacquainted with the psychological aspect of commerce and its significance to humanity. Examining the Relationship Between Economics and Philosophy is an essential reference source that discusses the psychological view of economics as well as its philosophical background. Featuring research on topics such as cognitive science, neoliberalism, and neuroeconomics, this book is ideally designed for scientists, economists, managers, executives, academicians, researchers, and students seeking coverage on the philosophy of the financial system and its impact on competitive markets.
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
