Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This textbook explains comprehensively and in rigorous detail not only mainstream microeconomics, but also why many economists are dissatisfied with major aspects of it, and the alternative that they are exploring in response: the Classical-Keynesian-Kaleckian approach. This advanced yet user-friendly book allows readers to grasp the standard theory of consumers, firms, imperfect competition, general equilibrium, uncertainty, games and asymmetric information. Furthermore, it examines the classical approaches to value and income distribution advocated by Adam Smith, David Ricardo and Karl Marx, as well as Post-Keynesian pricing theory, and the microeconomics of variable capacity utilization. Using simple models, it highlights the analytical roots of the important differences between the marginal/neoclassical approach and the classical-Keynesian, critically examining the plausibility and reciprocal consistency of their assumptions. The book also addresses various microeconomic issues not generally included in advanced microeconomics textbooks, including differential land rent, joint-production long-period pricing, capital theory from Walras to the Cambridge debates, the foundations of aggregate production functions, the microeconomics of labor markets, and the long-period theory of wages. Lastly, it presents a unique re-evaluation of welfare economics. Intended for advanced undergraduate and graduate microeconomics courses, this textbook offers a comprehensive introduction to the various approaches and different schools of thought currently competing in the context of economic theory. It can also be used in courses on value and distribution, heterodox economics, and the history of economic analysis. In the present situation, characterized by scientific uncertainty and the co-existence of competing approaches, it will stimulate students to form their own opinion as to which approach appears more promising from a scientific standpoint.

Microeconomics. --- Price theory --- Economics --- Schools of economics. --- History of Economic Thought and Methodology. --- Heterodox Economics. --- History. --- Economics schools of thought --- Schools of economic thought

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This textbook presents exercises on industrial organization with detailed answer keys. While most textbooks on industrial organization focus on theory and empirical findings, this textbook offers practical examples that predict firm behavior in different industries. This book emphasizes the game-theoretic tools used in each type of exercise, so students can systematically apply them to other markets, forms of competition, or information environments where firms, consumers, and regulating agencies interact. The book begins with examples that analyze different models of firm behavior and interaction; starting with monopoly and moving through the Cournot model of simultaneous quantity competition, the Bertrand model simultaneous price competition, and sequential competition. The following chapters apply game-theoretic tools to situations of increasing complexity: regulation; R&D incentives; mergers and collusion; bundling incentives; incomplete information, signaling, and competition; networks and switching costs. In addition to providing algebraic simplifications, some chapters also offer the unique feature of worked exercises based on published journal articles by leading scholars in the field. Finally, exercises are ranked according to their difficulty, with a letter (A-C) next to the exercise number, which allows students to pace their studies and instructors to structure their classes accordingly. Providing a rigorous, yet practical introduction to the field of industrial organization, this textbook is appropriate for advanced undergraduate and graduate students in economics and finance. .

Industrial organization. --- Microeconomics. --- Behavioral economics. --- Industrial Organization. --- Behavioral/Experimental Economics. --- Behavioral economics --- Behavioural economics --- Price theory --- Economics --- Industries --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology --- Industrial organization (Economic theory) --- Industrial economics --- Market structure --- Microeconomics --- Behavioral Economics. --- Psychological aspects.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The book considers the challenge of poverty and deterioration of the ecological environment in China, particularly in rural areas. Examining key factors such as the overuse of natural resources and the loss of biodiversity in the face of an expanding population and rapidly developing economy. It focuses on examining the frameworks of rural households in poor mountainous areas in rural China, considering their livelihood choices and decision-making processes. It analyses the relationship between these households’ livelihoods and their environment, notably farmers’ attitudes and perceptions towards ecological conservation policies, and their use of forest resources. Cutting across the fields of population studies, sociology, economy and environment, this is an important read for scholars and students interested in how China is dealing with the challenges of natural resources exploitation, sustainable development and social welfare. .

Environmental policy. --- Sociology. --- Microeconomics. --- Environmental Policy. --- Sociology, general. --- Price theory --- Economics --- Social theory --- Social sciences --- Environment and state --- Environmental control --- Environmental management --- Environmental protection --- Environmental quality --- State and environment --- Environmental auditing --- Government policy --- Rural development

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book paints a portrait of social life in America by providing an accessible discussion of empirical economics research on issues such as illegal immigration, health care and climate change. All the studies in this book use the same data source: individual responses to the American Community Survey (ACS), the nation's largest household survey. The author identifies studies that clearly illustrate core econometric methods (such as regression control and difference-in-differences), replicates key statistics from the studies, and helps the reader to carefully interpret the statistics. This book has a companion website with replication files in R and Stata format. The Appendix to this book contains a guide to using the free R software, downloading the ACS and other public-use microdata, and running the replication files, which assumes no background knowledge on the part of the reader beyond introductory statistics. By opening up the hood on how top scholars use core econometric methods to analyze large data sets, a motivated reader with a decent computer and Internet connection can use this book to learn not only how to replicate published research, but also to extend the analysis to create new knowledge about important social phenomena. A more casual reader can skip the online supplements and still gain data-driven insights into social and economic behavior. The book concludes by describing how careful empirical estimates can guide decision making, through cost-benefit analysis, to find public policies that lead to greater happiness while accounting for environmental, public health and other impacts. With its accessible discussion, glossary, detailed learning goals, end of chapter review questions and companion resources, this book is ideal for use as a supplementary volume in introductory econometrics or research methods courses. Matthew J. Holian is Professor of Economics at San Jose State University in California where he teaches classes in Econometrics and Research Methods. His scholarly writing has been published in journals like Public Choice, Ecological Economics and the Journal of the Association of Environmental and Resource Economics. He lives in San Francisco with his wife and daughter.

Economics --- Econometrics --- Research --- Methodology. --- United States --- Economic conditions. --- Economics, Mathematical --- Statistics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Econometrics. --- Microeconomics. --- North America --- Quantitative Economics. --- North American Economics. --- Price theory

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve how these markets function. Adopting a micro-economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare. These shortcomings include the natural monopoly and the public-good character of energy infrastructures; market power resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty. In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulation for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets.

Environmental economics. --- Energy policy. --- Energy and state. --- Microeconomics. --- Power electronics. --- Environmental Economics. --- Energy Policy, Economics and Management. --- Power Electronics, Electrical Machines and Networks. --- Electronics, Power --- Electric power --- Electronics --- Price theory --- Economics --- Energy and state --- Power resources --- State and energy --- Industrial policy --- Energy conservation --- Environmental quality --- Government policy --- Environmental aspects --- Economic aspects --- Energy industries --- Government policy. --- Industries