Download or read book Theory of Quantity setting Firm and Risk Aversion written by Shih-Meng Sherman Chen and published by . This book was released on 1979 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Theory of the Quantity Setting Firm Facing Uncertain Sales written by Stanford University. Program in Information Policy. Program in Information Policy and published by . This book was released on 1978 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of the Managerial Firm Under Demand Uncertainty written by Gregory John Werden and published by . This book was released on 1977 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assets Beliefs and Equilibria in Economic Dynamics written by Charalambos D. Aliprantis and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 733 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the Stanford University Department of Economics and by the Stanford Institute of Economic Policy Research in August 2002.
Download or read book Prudence Demand Uncertainty Background Risk and the Law of Supply written by Fanny Demers and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We identify two motives, prudence and risk aversion, which give rise to precautionary behaviour for a quantity or price setting monopolist facing demand uncertainty who has dual theoretic (DT) preferences. We also analyze a piecewise linear profit function due to a tax on profits which varies with the profit level. We show that the comparative statics of greater risk (mean-preserving spread (MPS) and mean- utility preserving spread (MUPS)) can be totally or partially determined by the Diamond-Stiglitz [1974] and Kihlstrom-Mirman [1974](DSKM) single-crossing property. For example, for a prudent risk averse quantity-setting DT monopolist, a MPS will have the same impact on output under uncertainty as a fall in the state of demand under certainty. Finally, we find that, in contrast to expected utility, a stochastically larger state of demand (first order stochastic dominance) will raise output even if background risk is present.
Download or read book A Course in Microeconomic Theory written by David M. Kreps and published by Princeton University Press. This book was released on 2020-06-23 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
Download or read book Recent Developments in the Foundations of Utility and Risk Theory written by L. Daboni and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second International Conference on Foundations of Utility and Risk Theory was held in Venice, June 1984. This volume presents some of the papers delivered at FUR-84. (The First International Conference, FUR-82, was held in Oslo and some of the papers presented on that occasion were published by Reidel in the volume Foundations of Utility and Risk Theory with Applications, edited by Bernt P. Stigum and Fred Wenst~p). The theory of choice under uncertainty involves a vast range of controversial issues in many fields like economics, philosophy, psychology, mathematics and statistics. The idea of discussing these problems in international conferences has been successful: two conferences have been held and others will follow. The climate of the debate has changed in the meantime, partly as a result of these conferences. It is no more only a question of attacking or defending the neo-Bernoullian assumptions, but also of proposing wider generalizations and including new elements in the analysis of the decision process. For instance Amartya Sen - comparing the two current notions of rationality, internal consistency and self-interest pursuit introduces the concept of reasoning and considers the irrationality which may result from the failure of a positive correspondence between reasoning and choice or from a limited capacity of reasoning. Rationality is also considered with respect to the controversial axiom of strong independence. John C. Harsanyi introduces the concept of practical certainty, i. e.
Download or read book Recent Developments in the Theory of Industrial Organization written by Alfredo Del Monte and published by Springer. This book was released on 2016-07-27 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: New forms of organisation and market behaviour are emerging to replace and reshape older forms. This has produced great uncertainty in industrial organization theory. The purpose of this volume is to review and present some of the new approaches developed in industrial organization. The material is organised into four sections: recent approaches to Industrial Organisation, the behaviour of individual firms and the characteristics of industrial systems as a whole, new theories of the firm and market structure and technical progress and market structure - some special issues.
Download or read book Current Trends in Economics written by Society for the Advancement of Economic Theory. International Meeting and published by Springer Science & Business Media. This book was released on 1999-02-18 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-nine papers selected for this volume cover topics in cooperative and noncooperative games, social choice and welfare, bargaining, matchings, auctions, mechanism design, general equilibrium, general equilibrium with finance, industrial organization, macroeconomics, and experimental economics. They reflect the diversity and depth of thought and method in economic theory and applications, as shown in the meetings of the Society for the Advancement of Economic Theory (SAET).
Download or read book Quantity Setting Firm Uncertain Demand and Disequilibria written by Aristides C. Fronistas and published by . This book was released on 1978 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Theory written by Keizo Nagatani and published by North-Holland. This book was released on 1978 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contemporary Economic Analysis Routledge Revivals written by David Currie and published by Routledge. This book was released on 2016-05-12 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1980, this book collects 17 lectures presented at the annual conference of the Association of University Teachers of Economics covering a wide range issues and debates. They include new theoretical points, criticisms of existing theory, the reporting of empirical studies and their implications, and refinements of methodological techniques. Among the topics covered are government deficits and capital accumulation; macroeconomic issues of management policy and foreign trade; empirical studies of foreign exchange markets, and supply and demand of hours of work; public sector and welfare economics; risk and uncertainty; and monopoly, competition and markets.
Download or read book written by and published by . This book was released on 1984 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Journal of Industrial Economics written by and published by . This book was released on 1982 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
Download or read book An Economic Theory of Managerial Firms written by Luca Lambertini and published by Routledge. This book was released on 2017-04-21 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary views on managerial firms. This book offers a comprehensive exposition of this debate. In its survey of strategic delegation in oligopoly games, An Economic Theory of Managerial Firms is able to offer a reinterpretation of a range of standard results in the light of the fact that the control of firms is generally not in the hand of its owners. The theoretical models are supported by a wealth of real-world examples, in order to provide a study of strategic delegation that is far more in-depth than has previously been found in the literature on industrial organization. In this volume, analysis is extended in several directions to cover applications concerning the role of: managerial firms in mixed market; collusion and mergers; divisionalization and vertical relations; technical progress; product differentiation; international trade; environmental issues; and the intertemporal growth of firms. This book is of great interest to those who study industrial economics, organizational studies and industrial studies.
Download or read book Handbook of Game Theory and Industrial Organization Volume I written by Luis C. Corchón and published by Edward Elgar Publishing. This book was released on 2018-02-23 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.
