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basic game theory helps characterize the strategic interdependencies among terrorists and governments. …
Persistent link: https://www.econbiz.de/10005526874
In each period of a dynamic tax-rebate program, a (fixed) quantity tax is imposed on each unit of a given good, and the tax revenue is rebated back to the consumer in the next period. The program lasts for infinite number of periods. The author considers a representative consumer’s...
Persistent link: https://www.econbiz.de/10005405158
Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables,...
Persistent link: https://www.econbiz.de/10005464547
Introducing nonlinear pricing into the teaching of consumer choice theory would provide an extension that introduces …
Persistent link: https://www.econbiz.de/10005464561
emphasis on the mechanics of neoclassical economic theory and relatively more emphasis on how economic tools and concepts form … microeconomics when the majority of students in the course are business majors and/or minors. We use consumer theory as an example … and demand theory to this cohort of students, but also to demonstrate how course content can be altered such that learning …
Persistent link: https://www.econbiz.de/10011109984
textbooks do not apply a parallel analysis in production theory, creating an analytical vacuum at the undergraduate level. This …
Persistent link: https://www.econbiz.de/10011205940
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...
Persistent link: https://www.econbiz.de/10011205999
The graphical analysis of the income and substitution effects is an important part of consumer theory that is commonly …
Persistent link: https://www.econbiz.de/10010886081
chapter 2, which rationalizes the existence of the demand function from the Consumer Theory that assumes that consumers …
Persistent link: https://www.econbiz.de/10005836644
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234