Organizations are betting on the social responsibility of organizations as a source for future sustainability. There is concern about how business resources are managed and how they will be managed in the future, especially in times of crisis. Giving strategic value to social responsibility is...

The authors study the lack of necessity of the transitivity property when representing preference relations. Avoiding transitivity hypothesis, this work offers a vision about the modeling of consumer preference relations which are different from the classic one used in economics pedagogy. The...

Intermediate microeconomics textbooks employ indifference curve analysis to explain the income and substitution effects of a change in the price of a good x on the demand for it, holding other variables constant. Further, they demonstrate how the shape and slope of the demand curve changes...

Italian abstract: Derivazione del surplus del consumatore e del produttore in contesto di variabili continue e discrete.English abstract: Derivation of consumer and producer surplus in the continuous and discrete case

This brief paper describes an intuitive way to derive a utility function that produces a demand function with Giffen properties. The solution is surprisingly simple and the necessary algebra is suitable for introductory and intermediate microeconomics

The purpose of the paper is to demonstrate how a basic microeconomic framework can be enhanced and adapted to the analysis of market disruption, a la Christensen. It illustrates how the comparative static analysis of undergraduate microeconomics offers a credible and accessible path for...

This paper presents an in-class experiment used as a teaching tool in an introductory microeconomics class at the undergraduate college level. It is directed at a critical but challenging concept for principles students — constrained utility maximization and a methodology to intuit...

We extend upon Reeves (2020), who attempts to demonstrate that classical violations of the Law of Demand are in actuality the result of a violation of the ‘ceteris paribus’ assumption. For example, price changes in Giffen goods create a chain reaction from the Giffen good through a...

In a recent article, Thaver (2013) makes the case for including in intermediate microeconomics textbooks analysis of the substitution and output effects of a firm's response to a change in the price of an input. In her analysis, Thaver assumes that the firm is constrained by a fixed budget for...

In the study of Giffen behavior or "Giffenity", there remains a paradox. On the one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no...