Author:
Publisher:
ISBN:
Category : Industrial organization
Languages : en
Pages : 762
Book Description
International Journal of Industrial Organization
Author:
Publisher:
ISBN:
Category : Industrial organization
Languages : en
Pages : 762
Book Description
Publisher:
ISBN:
Category : Industrial organization
Languages : en
Pages : 762
Book Description
Bell Journal of Economics
Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 614
Book Description
Covers research in the behavior of regulated industries, the economic analysis of organizations, and more generally, applied microeconomics.
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 614
Book Description
Covers research in the behavior of regulated industries, the economic analysis of organizations, and more generally, applied microeconomics.
The Economics of Location
Author: Melvin L. Greenhut
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 626
Book Description
This text traces developments in location theory, the economics of space and value and spatial microeconomics from its early beginnings in the work of von Thuenen to the most recent applications in modern industrial organization and international trade. The articles cover 1924 to 1992.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 626
Book Description
This text traces developments in location theory, the economics of space and value and spatial microeconomics from its early beginnings in the work of von Thuenen to the most recent applications in modern industrial organization and international trade. The articles cover 1924 to 1992.
Social Security, Bequests, and the Life Cycle Theory of Saving
Author: Alan S. Blinder
Publisher:
ISBN:
Category : Legacies
Languages : en
Pages : 634
Book Description
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension benefits (both public and private) and expected future earnings ("human wealth") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of the number of children--which casts doubt on the strength of the bequest motive. Finally, financial assets and social security wealth fail to exhibit the inverse relationship suggested by Feldstein's displacement hypothesis. To investigate these issues econometrically, an equation for assets is developed from the strict life-cycle theory. The specification is generalized to allow for (a) a bequest motive, proxied by the number of children; (b) displacement of private wealth by social security wealth that is not exactly dollar-for-dollar; (c) a level of consumption late in life that differs systematically from what the strict life-cycle theory implies. The equation is estimated by nonlinear least squares on a rich cross- sectional data set containing over 4300 observations. The results show that the life-cycle model has little ability to explain cross-sectional variability in asset holdings. The model's key parameters are poorly identified, despite the large sample size and considerable cross-sectional variation in most variables. According to the estimates, consumption late in Life is on average only about half of what the strict life-cycle theory predicts; each dollar of social security wealth displaces about 3% (with a large standard error) of private wealth; and the bequest motive, while present, is quite weak.
Publisher:
ISBN:
Category : Legacies
Languages : en
Pages : 634
Book Description
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension benefits (both public and private) and expected future earnings ("human wealth") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of the number of children--which casts doubt on the strength of the bequest motive. Finally, financial assets and social security wealth fail to exhibit the inverse relationship suggested by Feldstein's displacement hypothesis. To investigate these issues econometrically, an equation for assets is developed from the strict life-cycle theory. The specification is generalized to allow for (a) a bequest motive, proxied by the number of children; (b) displacement of private wealth by social security wealth that is not exactly dollar-for-dollar; (c) a level of consumption late in life that differs systematically from what the strict life-cycle theory implies. The equation is estimated by nonlinear least squares on a rich cross- sectional data set containing over 4300 observations. The results show that the life-cycle model has little ability to explain cross-sectional variability in asset holdings. The model's key parameters are poorly identified, despite the large sample size and considerable cross-sectional variation in most variables. According to the estimates, consumption late in Life is on average only about half of what the strict life-cycle theory predicts; each dollar of social security wealth displaces about 3% (with a large standard error) of private wealth; and the bequest motive, while present, is quite weak.
A Survey of Dynamic Games in Economics
Author: Ngo Van Long
Publisher: World Scientific
ISBN: 9814293032
Category : Mathematics
Languages : en
Pages : 290
Book Description
This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Publisher: World Scientific
ISBN: 9814293032
Category : Mathematics
Languages : en
Pages : 290
Book Description
This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Oligopoly Pricing
Author: Xavier Vives
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446
Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446
Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Turkey's Comparative Advantage, Production and Trade Patterns in Manufactures
Author: Refik Erzan
Publisher:
ISBN:
Category : Comparative advantage (International trade)
Languages : en
Pages : 304
Book Description
Publisher:
ISBN:
Category : Comparative advantage (International trade)
Languages : en
Pages : 304
Book Description
Market Structure and Equilibrium
Author: Heinrich von Stackelberg
Publisher: Springer Science & Business Media
ISBN: 3642125867
Category : Business & Economics
Languages : en
Pages : 147
Book Description
In his book „Marktform und Gleichgewicht“, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg’s book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.
Publisher: Springer Science & Business Media
ISBN: 3642125867
Category : Business & Economics
Languages : en
Pages : 147
Book Description
In his book „Marktform und Gleichgewicht“, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg’s book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.
The Mathematical Groundwork of Economics
Author: Sir Arthur Lyon Bowley
Publisher: Oxford : Clarendon Press
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 114
Book Description
Publisher: Oxford : Clarendon Press
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 114
Book Description
Researches Into the Mathematical Principles of the Theory of Wealth
Author: Antoine Augustin Cournot
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 242
Book Description
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 242
Book Description