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same flavor as their counterparts in the standard theory, showing new connections to the standard theory. The results are … highlighted by several applications in consumer theory, producer theory and game theory. These applications were previously … outside the scope of the standard theory of monotone comparative statics …
Persistent link: https://www.econbiz.de/10012894110
This paper points out that the treatment of utility maximization in current textbooks on microeconomic theory is … the standard literature on microeconomic theory, but also, more constructively, to call attention to the fact that this …
Persistent link: https://www.econbiz.de/10012723706
results, such as neoclassical growth model, infinite-dimensional consumer theory, and infinite-dimensional, directional Le …
Persistent link: https://www.econbiz.de/10014261796
Persistent link: https://www.econbiz.de/10000970510
The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...
Persistent link: https://www.econbiz.de/10001750260
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. Part (I) of the structural axiomatic analysis submits three...
Persistent link: https://www.econbiz.de/10014177742
method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost …
Persistent link: https://www.econbiz.de/10014179260
Our research – building on experimental results of Cason and Mui (2007) – examines why a subordinate in a leader-subordinate relationship is willing to pay a cost to help prevent exploitation of another subordinate by the leader. Using a stylized game capturing essential features of the...
Persistent link: https://www.econbiz.de/10014182060
market actors over time. The implications of the framework to marketing theory and practice are also discussed …
Persistent link: https://www.econbiz.de/10014041755
In this paper, we examine the impact of three variables on cognitive responses and persuasion--whether the information is consistent or inconsistent with one's prior preferences, whether arguments featured in the message are strong or weak, and whether pre-exposure preferences are strong or...
Persistent link: https://www.econbiz.de/10014046783