Producers Consumers and Partial Equilibrium

Producers  Consumers  and Partial Equilibrium
Author: David Mandy
Publsiher: Academic Press
Total Pages: 422
Release: 2016-11-26
Genre: Business & Economics
ISBN: 9780128110249

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Producers, Consumers, and Partial Equilibrium provides a systematic and accessible presentation of the full formal details in the core theories of producer and consumer choice under conditions of price taking; and covers the standard theories of competitive, monopoly, and oligopoly partial equilibrium among these economic actors. The book pulls together foundational content from many classic sources and organizes it in a self-contained format that rigidly adheres to optimization as the central behavioral postulate and analytical tool for economic theory. The book maintains a sharp focus on the properties of outcomes from optimizing behavior in varying environments. These properties are the refutable hypotheses from each optimization behavioral postulate, and they form the core content of this positive economic theory. In so doing, the book presents and documents the underlying formal structure of the theory with a higher degree of integration and completeness than is typical of Ph.D. textbooks in microeconomics. Includes comprehensive, focused and unified coverage of the mathematics required for the core theories of producer and consumer choice, and partial equilibrium Presents a generalized envelope theorem as a key source of refutable hypotheses Delineates the role of active versus inactive constraints in generating refutable hypotheses Discusses convex functions in economic optimization environments Presents the full formal details of core producer and consumer and producer theory in a unified and systematic manner Emphasizes the refutable hypotheses resulting from behavioral postulates and the completeness (duality) of those hypotheses for the postulated behavior within microeconomics Includes end-of-chapter exercises, full index, and an instructor’s solutions manual Includes a concordance that matches its chapters with those of major textbooks

Production Quota Buyouts

Production Quota Buyouts
Author: Dwayne J. Haynes
Publsiher: Unknown
Total Pages: 79
Release: 2013
Genre: Electronic Book
ISBN: OCLC:884960792

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Under a treasury buyout (TB), producers gain, consumers are not taxed to fund the buyout, and society does not face efficiency losses due to the buyout. For these reasons, producers, consumers, and society favor a TB over a CTB. The third paper analyzes and compares the impact of the US Tobacco Quota Buyout within both a partial and a general-equilibrium framework. In a partial-equilibrium framework (as presented in the first paper) a tobacco quota buyout results in producer gains, consumer losses, and net losses because of higher prices and deadweight losses. Within a general-equilibrium framework, the tobacco quota buyout results in a decrease of society\U+2019\s smoking-related healthcare costs due to the decrease in demand for tobacco. It also leads to an increase in worker productivity as employees reduce the amount of smoking-related sick days taken.

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models
Author: Mary E. Burfisher
Publsiher: Cambridge University Press
Total Pages: 135
Release: 2011-02-21
Genre: Business & Economics
ISBN: 9781139496599

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Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods and for professionals interested in learning how to use CGE models.

Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium

Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium
Author: Stephen Tokarick
Publsiher: International Monetary Fund
Total Pages: 45
Release: 2003-05
Genre: Business & Economics
ISBN: UCSD:31822033610601

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This paper provides quantitative estimates of the impact of removing agricultural support (both tariffs and subsidies) in partial- and general-equilibrium frameworks. The results show that agricultural support in industrial countries is highly distortionary and tariffs have a larger distortionary impact than subsidies. Removal of agricultural support would likely raise the international prices of food, resulting in an increase in the cost of food for many net-food- importing countries, although the increase is generally small. The results also show that most of the benefits from removing agricultural support accrue to the countries that liberalize.

Domestic Distorions and International Trade

Domestic Distorions and International Trade
Author: Anonim
Publsiher: World Bank Publications
Total Pages: 135
Release: 2022
Genre: Electronic Book
ISBN: 9182736450XXX

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Spatial Analysis and Planning under Imprecision

Spatial Analysis and Planning under Imprecision
Author: Y. Leung
Publsiher: Elsevier
Total Pages: 392
Release: 2013-10-22
Genre: Business & Economics
ISBN: 9781483290096

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The book deals with complexity, imprecision, human valuation, and uncertainty in spatial analysis and planning, providing a systematic exposure of a new philosophical and theoretical foundation for spatial analysis and planning under imprecision. Regional concepts and regionalization, spatial preference-utility-choice structures, spatial optimization with single and multiple objectives, dynamic spatial systems and their controls are analyzed in sequence. The analytical framework is based on fuzzy set theory. Basic concepts of fuzzy set theory are first discussed. Many numerical examples and empirical studies are provided to substantiate the theoretical arguments and empirical relevance of this approach. The book provides a more comprehensive perspective on uncertainty and a flexible framework for analysis in the real world, for problems such as commonly encountered spatial problems, urban and regional economic problems, and planning problems. Though the treatment is unconventional, it generally includes conventional analyses as special cases.

User s Guide to RMM Software

User s Guide to RMM Software
Author: J. Ross Arnold
Publsiher: Unknown
Total Pages: 57
Release: 1991
Genre: RMM (Computer program)
ISBN: MINN:31951D030010519

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Handbook of Research Methods and Applications in Economic Geography

Handbook of Research Methods and Applications in Economic Geography
Author: Charlie Karlsson,Martin Andersson,Therese Norman
Publsiher: Edward Elgar Publishing
Total Pages: 672
Release: 2015-02-27
Genre: Social Science
ISBN: 9780857932679

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The main purpose of this Handbook is to provide overviews and assessments of the state-of-the-art regarding research methods, approaches and applications central to economic geography. The chapters are written by distinguished researchers from a variet

Intermediate Microeconomics

Intermediate Microeconomics
Author: Patrick M. Emerson
Publsiher: Unknown
Total Pages: 135
Release: 2019
Genre: Economics
ISBN: OCLC:1235769692

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Natural Resources as Capital

Natural Resources as Capital
Author: Larry Karp
Publsiher: MIT Press
Total Pages: 432
Release: 2017-10-27
Genre: Business & Economics
ISBN: 9780262534055

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An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies. This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated by policy failures. The book covers standard resource economics topics, including both the Hotelling model for nonrenewable resources and models for renewable resources. The book also includes some topics in environmental economics that overlap with natural resource economics, including climate change. The text emphasizes skills and intuition needed to think about dynamic models and institutional remedies in the presence of both market and policy failures. It presents the nuts and bolts of resource economics as applied to nonrenewable resources, including the two-period model, stock-dependent costs, and resource scarcity. The chapters on renewable resources cover such topics as property rights as an alternative to regulation, the growth function, steady states, and maximum sustainable yield, using fisheries as a concrete setting. Other, less standard, topics covered include microeconomic issues such as arbitrage and the use of discounting; policy problems including the “Green Paradox”; foundations for policy analysis when market failures are important; and taxation. Appendixes offer reviews of the relevant mathematics. The book is suitable for use by upper-level undergraduates or, with the appendixes, masters-level courses.

International Economics

International Economics
Author: Hendrik Van den Berg
Publsiher: Routledge
Total Pages: 650
Release: 2016-11-17
Genre: Business & Economics
ISBN: 9781317370659

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Now in its third edition, Hendrik Van den Berg’s International Economics: A Heterodox Approach covers all of the standard topics taught in undergraduate international economics courses. Written in a friendly and approachable style, this new edition is unique in that it presents the key orthodox neoclassical models of international trade and investment, while supplementing them with a variety of heterodox approaches. This pluralist approach is intended to give economics students a more realistic understanding of the international economy than standard textbooks can provide. Changes to the new edition include: updates throughout to reflect recent world events, including coverage of trade negotiations and the Greek crisis; expanded discussion of pluralist approaches with more coverage of alternative schools of thought; discussions of the growing financialization of global economic activity; additional real-world examples; increased coverage of environmental issues; transnational corporations and their behavior in the international economy; the difference between international investment and international finance; and monetary history; a consolidated and updated chapter on international banking. This book also maintains a broad perspective that links economic activity to the social and natural spheres of human activity, with emphasis on the distributional and environmental effects of international trade, investment, finance, and migration. Chapter summaries, key terms and concepts, problems and questions, and a glossary are included in the book. A Student Study Guide and an Instructor’s Manual are available online.

Plant Pest Risk Analysis

Plant Pest Risk Analysis
Author: Christina Devorshak
Publsiher: CABI
Total Pages: 322
Release: 2012
Genre: Agricultural pests
ISBN: 1780641990

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This text provides instruction on the concepts and application of risk analysis in the field of regulatory plant protection, covering topics such as the background on why and how risk analysis is conducted and specific methods for implementing risk analysis. This book also provides useful exercises and case studies to aid students of plant pathology and crop protection in their absorption of the subject. Equally useful for practitioners, this book is written by experts with a wealth of national and international experience. Students of plant pathology and crop protection as well as practitione.

Microeconomics

Microeconomics
Author: M.C. Blad,H. Keiding
Publsiher: Elsevier
Total Pages: 433
Release: 2014-07-15
Genre: Business & Economics
ISBN: 9781483297644

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The first part of this book contains the material for a course in standard microeconomics and general equilibrium. These chapters contain the necessary background on commodities, consumers, producers, as well as the classical results about the existence of general (Walras) equilibria and the fundamentals of welfare theory. The second part of the book may be seen as a continuation dealing with more advanced topics. This textbook shows how the general equilibrium theory can be put into use to provide new insights into various fields of economic science. The reader does not need previous particular mathematical training; the formal approach is introduced in a piecemeal fashion, so that no difficult mathematics occurs in the beginning.

Current Issues in Microeconomics

Current Issues in Microeconomics
Author: John Denis Hey
Publsiher: Unknown
Total Pages: 320
Release: 1989
Genre: Microeconomics
ISBN: UCSC:32106009920221

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Part of a series designed to provide undergraduate students with information on developments in economics, this volume contains nine essays which cover subjects of current relevance in microeconomics, such as choice under uncertainty, microeconometrics and game theory.

Lecture Notes In International Trade Theory Classical Trade And Applications

Lecture Notes In International Trade Theory  Classical Trade And Applications
Author: Larry S Karp
Publsiher: World Scientific
Total Pages: 304
Release: 2021-12-08
Genre: Business & Economics
ISBN: 9789811249884

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Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes 'second-best' settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution 'leakage' (where pollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the 'transfer problem'), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models.