منابع مشابه
Statistical microeconomics
A statistical generalization is made of microeconomics in the spirit of going from classical to statistical mechanics. The price and quantity of every commodity1 traded in the market, at each instant of time, is considered to be an independent random variable: all prices and quantities are considered to be stochastic processes, with the observed market prices being a random sample of the stocha...
متن کاملThe Microeconomics of Insurance
In this relatively short survey, we present the core elements of the microeconomic analysis of insurance markets at a level suitable for senior undergraduate and graduate economics students. The aim of this analysis is to understand how insurance markets work, what their fundamental economic functions are, and how efficiently they may be expected to carry these out. Full text available at: http...
متن کاملG021 Microeconomics Lecture notes
The consumption set X is the set of all conceivable consumption bundles q, usually identified with R+ The budget set B ⊂ X is the set of affordable bundles In standard model individuals can purchase unlimited quantities at constant prices p subject to total budget y. The budget set is the Walrasian, competitive or linear budget set: B = {q ∈ R+|pq ≤ y} Notice this is a convex, closed and bounde...
متن کاملMicroeconomics of Technology Adoption.
There is an emerging consensus among macro-economists that differences in technology across countries account for the major differences in per-capita GDP and the wages of workers with similar skills across countries. Accounting for differences in technology levels across countries thus can go a long way towards understanding global inequality. One mechanism by which poorer countries can catch u...
متن کاملEcon 121b: Intermediate Microeconomics
While the idea of a matching pennies game may seem contrived, it is merely the simplest example of a general class of zero-sum games, where the total payoff of the players is constant regardless of the outcome. Consequently gains for one player can only come from losses of the other. For this reason, zero-sum games will rarely have a pure strategy Nash equilibrium. Examples would be chess, or m...
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ژورنال
عنوان ژورنال: OALib
سال: 2016
ISSN: 2333-9721,2333-9705
DOI: 10.4236/oalib.1102566