[PDF] Producers Consumers And Partial Equilibrium eBook

Author : David Mandy
Publisher : Academic Press
Page : 424 pages
File Size : 45,96 MB
Release : 2016-11-26
Category : Business & Economics
ISBN : 0128110244

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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

Author : Mary E. Burfisher
Publisher : Cambridge University Press
Page : 443 pages
File Size : 16,67 MB
Release : 2016
Category : Business & Economics
ISBN : 1107132207

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The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Author : Dwayne J. Haynes
Publisher :
Page : 79 pages
File Size : 41,31 MB
Release : 2013
Category :
ISBN :

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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.

Author : Mr.Stephen Tokarick
Publisher : International Monetary Fund
Page : 47 pages
File Size : 32,84 MB
Release : 2003-05-01
Category : Business & Economics
ISBN : 145185336X

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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.

Author : Y. Leung
Publisher : Elsevier
Page : 392 pages
File Size : 13,74 MB
Release : 2013-10-22
Category : Mathematics
ISBN : 1483290093

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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.

Author : Charlie Karlsson
Publisher : Edward Elgar Publishing
Page : 661 pages
File Size : 21,21 MB
Release : 2015-02-27
Category : Social Science
ISBN : 0857932675

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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

Author : Larry Karp
Publisher : MIT Press
Page : 433 pages
File Size : 49,32 MB
Release : 2017-10-27
Category : Business & Economics
ISBN : 0262534053

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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.

Author : Christina Devorshak
Publisher : CABI
Page : 322 pages
File Size : 38,84 MB
Release : 2012
Category : Agricultural pests
ISBN : 9781780641997

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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.

Author : Larry S Karp
Publisher : World Scientific
Page : 303 pages
File Size : 39,98 MB
Release : 2021-12-08
Category : Business & Economics
ISBN : 9811249881

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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.

Author : D. Paul Schafer
Publisher : University of Ottawa Press
Page : 320 pages
File Size : 31,48 MB
Release : 2008-04-29
Category : Business & Economics
ISBN : 0776617737

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In Revolution or Renaissance, D. Paul Schafer subjects two of the most powerful forces in the world – economics and culture – to a detailed and historically sensitive analysis. He argues that the economic age has produced a great deal of wealth and unleashed tremendous productive power; however, it is not capable of coming to grips with the problems threatening human and non-human life on this planet. After tracing the evolution of the economic age from the publication of Adam Smith's The Wealth of Nations in 1776 to the present, he turns his attention to culture, examining it both as a concept and as a reality. What emerges is a portrait of the world system of the future where culture is the central focus of development. According to Schafer, making the transition from an economic age to a cultural age is imperative if global harmony, environmental sustainability, economic viability, and human well-being are to be achieved.