The vast majority of existing multidimensional scaling (MDS) procedures devised for the analysis of paired comparison preference/choice judgments are typically based on either scalar product (i.e., vector) or unfolding (i.e., ideal-point) models. Such methods tend to ignore many of the essential components of microeconomic theory including convex indifference curves, constrained utility maximiz...

EOS (Economics via Object-oriented Simulation) is a computational framework for agent-based simulation, which was developed to simplify the process of constructing and running economic agent-based simulations. In this paper, we begin with an analysis of the previous versions of EOS, considering both their stability and microeconomic correctness. Having discovered problems with the stability and...

This research aims to examine the impact of macro and micro economic factors on company value. Macroeconomic are proxied by interest rates inflation, while microeconomic sales growth, size capital structure. The sample selection technique was comducted using purposive sampling method, data is secondary data, obtained from website Indonesia Stock Exchange (IDX) for period 2017 - 2021. Multiple L...

‎Many optimization problems can be reduced to a problem with an increasing and co-radiant objective function by a suitable transformation of variables. Functions, which are increasing and co-radiant, have found many applications in microeconomic analysis. In this paper, the abstract convexity of positive valued affine increasing and co-radiant (ICR) functions are discussed. Moreover, the ...

Economic governance in Australia has undergone radical changes since the 1970s. Many of these changes are associated with the market-oriented policies collectively referred to as ‘microeconomic reform’. Broadly speaking, microeconomic reform can be defined as government policies or initiatives aimed at improving the performance and/or the efficiency of industries or sectors in the economy (Fors...

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.