Microeconomics (Record no. 8856)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 19836nam a2200217 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9780137133352 |
| Terms of availability | TZS 64240.5 |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | MUL |
| Language of cataloging | eng. |
| Description conventions | AACR |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 338.5 PIN |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Pindyck, Robert S. |
| 245 ## - TITLE STATEMENT | |
| Title | Microeconomics |
| Statement of responsibility, etc | / Robert S. Pindyck and Daniel L. Rubinfeld |
| 250 ## - Edition Statement | |
| Edition statement | 7th ed. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Upper Saddle River, N.J.: |
| Name of publisher | Pearson Prentice Hall, |
| Year of publication | ©2009 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | xxix, 720 p. : |
| Other physical details | some col. ill. ; |
| Dimensions | 27 cm |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE | |
| Title | Prentice-Hall series in economics |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE | |
| Bibliography, etc | Includes index |
| 505 ## - Formatted Contents | |
| Formatted contents note | Preface xxv <br/> Part One Introduction: Markets and Prices<br/> 1 (64)<br/> Preliminaries<br/> 3 (18)<br/> The Themes of Microeconomics<br/> 4 (3)<br/> Trade-Offs<br/> 4 (1)<br/> Prices and Markets<br/> 5 (1)<br/> Theories and Models<br/> 5 (1)<br/> Positive versus Normative Analysis<br/> 6 (1)<br/> What is a Market?<br/> 7 (5)<br/> Competitive versus Noncompetitive Markets<br/> 8 (1)<br/> Market Price<br/> 8 (1)<br/> Market Definition---The Extent of a Market<br/> 9 (3)<br/> Real versus Nominal Prices<br/> 12 (3)<br/> Why Study Microeconomics?<br/> 15 (3)<br/> Corporate Decision Making: Ford's Sport Utility Vehicles<br/> 15 (2)<br/> Public Policy Design: Automobile Emission Standards for the Twenty-First Century<br/> 17 (1)<br/> Summary<br/> 18 (1)<br/> Questions for Review<br/> 18 (1)<br/> Exercises<br/> 18 (3)<br/> The Basics of Supply and Demand<br/> 21 (44)<br/> Supply and Demand<br/> 22 (3)<br/> The Supply Curve<br/> 22 (1)<br/> The Demand Curve<br/> 23 (2)<br/> The Market Mechanism<br/> 25 (1)<br/> Changes in Market Equilibrium<br/> 26 (8)<br/> Elasticities of Supply and Demand<br/> 34 (6)<br/> Point versus Arc Elasticities<br/> 37 (3)<br/> Short-Run versus Long-Run Elasticities<br/> 40 (9)<br/> Demand<br/> 40 (5)<br/> Supply<br/> 45 (4)<br/> Understanding and Predicting the Effects of Changing Market Conditions<br/> 49 (9)<br/> Effects of Government Intervention-Price Controls<br/> 58 (3)<br/> Summary<br/> 61 (1)<br/> Questions for Review<br/> 61 (1)<br/> Exercises<br/> 62 (3)<br/> Part Two Producers, Consumers, and Competitive Markets<br/> 65 (282)<br/> Consumer Behavior<br/> 67 (44)<br/> Consumer Behavior<br/> 67 (2)<br/> Consumer Preferences<br/> 69 (14)<br/> Market Baskets<br/> 69 (1)<br/> Some Basic Assumptions about Preferences<br/> 70 (1)<br/> Indifference Curves<br/> 70 (2)<br/> Indifference Maps<br/> 72 (2)<br/> The Shape of Indifference Curves<br/> 74 (1)<br/> The Marginal Rate of Substitution<br/> 75 (1)<br/> Perfect Substitutes and Perfect Complements<br/> 76 (7)<br/> Budget Constraints<br/> 83 (3)<br/> The Budget Line<br/> 83 (1)<br/> The Effects of Changes in Income and Prices<br/> 84 (2)<br/> Consumer choice<br/> 86 (6)<br/> Corner Solutions<br/> 90 (2)<br/> Revealed Preferences<br/> 92 (3)<br/> Marginal Utility and Consumer Choice<br/> 95 (5)<br/> Cost-of-Living Indexes<br/> 100 (6)<br/> Ideal Cost-of-Living Index<br/> 101 (1)<br/> Laspeyres Index<br/> 102 (1)<br/> Paasche Index<br/> 103 (1)<br/> Price Indexes in the United Statics: Chain Weighting<br/> 104 (2)<br/> Summary<br/> 106 (1)<br/> Questions for Review<br/> 106 (1)<br/> Exercises<br/> 107 (4)<br/> Individual and Market Demand<br/> 111 (48)<br/> Individual Demand<br/> 112 (8)<br/> Price Changes<br/> 112 (1)<br/> The Individual Demand Curve<br/> 113 (1)<br/> Income Changes<br/> 114 (1)<br/> Normal versus Inferior Goods<br/> 115 (1)<br/> Engel Curves<br/> 116 (3)<br/> Substitutes and Complements<br/> 119 (1)<br/> Income and Substitution Effects<br/> 120 (5)<br/> Substitution Effect<br/> 121 (1)<br/> Income Effect<br/> 121 (1)<br/> A Special Case: The Giffen Good<br/> 122 (3)<br/> Market Demand<br/> 125 (7)<br/> From Individual to Market Demand<br/> 125 (2)<br/> Elasticity of Demand<br/> 127 (5)<br/> Consumer Surplus<br/> 132 (4)<br/> Consumer Surplus and Demand<br/> 132 (4)<br/> Network Externalities<br/> 136 (4)<br/> The Bandwagon Effect<br/> 136 (1)<br/> The Snob Effect<br/> 137 (3)<br/> Empirical Estimation of Demand<br/> 140 (4)<br/> The Statistical Approach to Demand Estimation<br/> 140 (2)<br/> The Form of the Demand Relationship<br/> 142 (2)<br/> Interview and Experimental Approaches to Demand Determination<br/> 144 (1)<br/> Summary<br/> 144 (1)<br/> Questions for Review<br/> 145 (1)<br/> Exercises<br/> 146 (3)<br/> Demand Theory---A Mathematical Treatment<br/> 149 (8)<br/> Utility Maximization<br/> 149 (1)<br/> The Method of Lagrange Multipliers<br/> 150 (1)<br/> The Equal Marginal Principle<br/> 151 (1)<br/> Marginal Rate of Substitution<br/> 151 (1)<br/> Marginal Utility of Income<br/> 152 (1)<br/> An Example<br/> 152 (2)<br/> Duality in Consumer Theory<br/> 154 (1)<br/> Income and Substitution Effect<br/> 155 (2)<br/> Exercises<br/> 157 (2)<br/> Uncertainty and Consumer Behavior<br/> 159 (36)<br/> Describing Risk<br/> 160 (5)<br/> Probability<br/> 160 (1)<br/> Expected Value<br/> 161 (1)<br/> Variability<br/> 161 (2)<br/> Decision Making<br/> 163 (2)<br/> Preferences Toward Risk<br/> 165 (5)<br/> Different Preferences Toward Risk<br/> 167 (3)<br/> Reducing Risk<br/> 170 (6)<br/> Diversification<br/> 170 (2)<br/> Insurance<br/> 172 (2)<br/> The Value of Information<br/> 174 (2)<br/> The Demand for Risky Assets<br/> 176 (9)<br/> Assets<br/> 177 (1)<br/> Risky and Riskless Assets<br/> 177 (1)<br/> Asset Returns<br/> 178 (1)<br/> The Trade-Off Between Risk and Return<br/> 179 (1)<br/> The Investor's Choice Problem<br/> 180 (5)<br/> Behavioral Economics<br/> 185 (6)<br/> More Complex Preferences<br/> 186 (2)<br/> Rules of Thumb and Biases in Decision Making<br/> 188 (1)<br/> Probabilities and Uncertainty<br/> 189 (1)<br/> Summing Up<br/> 189 (2)<br/> Summary<br/> 191 (1)<br/> Questions for Review<br/> 191 (1)<br/> Exercises<br/> 191 (4)<br/> Production<br/> 195 (26)<br/> The Production Decisions of a Firm<br/> 195 (1)<br/> The Technology of Production<br/> 196 (2)<br/> The Production Function<br/> 197 (1)<br/> The Short Run versus the Long Run<br/> 197 (1)<br/> Production with One Variable Input (Labor)<br/> 198 (9)<br/> Average and Marginal Products<br/> 199 (1)<br/> The Slopes of the Product Curve<br/> 200 (1)<br/> The Average Product of Labor Curve<br/> 201 (1)<br/> The Marginal Product of Labor Curve<br/> 202 (1)<br/> The Law of Diminishing Marginal Returns<br/> 202 (3)<br/> labor Productivity<br/> 205 (2)<br/> Production with Two Variable Inputs<br/> 207 (8)<br/> Isoquants<br/> 207 (2)<br/> Input Flexibility<br/> 209 (1)<br/> Diminishing Marginal Returns<br/> 209 (1)<br/> Substitution Among Inputs<br/> 209 (2)<br/> Production Functions---Two Special Cases<br/> 211 (4)<br/> Returns to Scale<br/> 215 (3)<br/> Describing Returns to Scale<br/> 215 (3)<br/> Summary<br/> 218 (1)<br/> Questions for Review<br/> 218 (1)<br/> Exercises<br/> 219 (2)<br/> The Cost of Production<br/> 221 (50)<br/> Measuring Cost: Which Costs Matter?<br/> 221 (7)<br/> Economic cost versus Accounting Cost<br/> 222 (1)<br/> Opportunity Cost<br/> 222 (1)<br/> Sunk Costs<br/> 222 (2)<br/> Fixed Cost and Variable Costs<br/> 224 (1)<br/> Fixed versus Sunk Costs<br/> 225 (2)<br/> Marginal and Average Cost<br/> 227 (1)<br/> Cost in the Short Run<br/> 228 (6)<br/> The Determinants of Short-Run Cost<br/> 228 (2)<br/> The Shapes of the Cost curves<br/> 230 (4)<br/> Cost in the Long Run<br/> 234 (9)<br/> The User Cost of Capital<br/> 234 (1)<br/> The Cost-Minimizing Input Choice<br/> 235 (1)<br/> The Isocost Line<br/> 236 (1)<br/> Choosing Inputs<br/> 237 (4)<br/> Cost Minimization with Varying Output Levels<br/> 241 (1)<br/> The Expansion Path and Long-Run Costs<br/> 241 (2)<br/> Long-Run verus Short-Run Cost Curves<br/> 243 (5)<br/> The Inflexibility of Short-Run Production<br/> 243 (1)<br/> Long-Run Average Cost<br/> 243 (2)<br/> Economies and Diseconomies of Scale<br/> 245 (2)<br/> The Relationship between Short-Run and Long-Run Cost<br/> 247 (1)<br/> Production with Two Outputs---Economies of Scope<br/> 248 (3)<br/> Product Transformation Curves<br/> 249 (1)<br/> Economies and Diseconomies of Scope<br/> 250 (1)<br/> The Degree of Economies of Scope<br/> 250 (1)<br/> Dynamic Changes in Costs---The Learning Curve<br/> 251 (5)<br/> Graphing the Learning Curve<br/> 252 (1)<br/> Learning versus Economies of Scale<br/> 253 (3)<br/> Estimating and Predicting Cost<br/> 256 (4)<br/> Cost Functions and the Measurement of Scale Economies<br/> 258 (2)<br/> Summary<br/> 260 (1)<br/> Questions for Review<br/> 261 (1)<br/> Exercises<br/> 261 (3)<br/> Production and Cost theory---A Mathematical Treatment<br/> 264 (5)<br/> Cost Minimization<br/> 264 (1)<br/> Marginal Rate of Technical Substitution<br/> 265 (1)<br/> Duality in Production and Cost Theory<br/> 266 (1)<br/> The Cobb-Douglas Cost and Production Functions<br/> 267 (2)<br/> Exercises<br/> 269 (2)<br/> Profit Maximization and Competitive Supply<br/> 271 (38)<br/> Perfectly Competitive Markets<br/> 271 (3)<br/> When Is a Market Highly Competitive?<br/> 273 (1)<br/> Profit Maximization<br/> 274 (2)<br/> Do Firms Maximize Profit?<br/> 274 (1)<br/> Alternative Forms of Organization<br/> 275 (1)<br/> Marginal Revenue, Marginal Cost, and Profit Maximization<br/> 276 (3)<br/> Demand and Marginal Revenue for a competitive Firm<br/> 277 (2)<br/> Profit Maximization by a Competitive Firm<br/> 279 (1)<br/> Choosing Output in the Short Run<br/> 279 (5)<br/> Short-Run Profit Maximization by a Competitive Firm<br/> 279 (1)<br/> The Short-Run Profit of a Competitive Firm<br/> 280 (4)<br/> The Competitive Firm's Short-Run Supply Curve<br/> 284 (3)<br/> the Firm's Response to an Input Price Change<br/> 284 (3)<br/> The Short-Run Market Supply Curve<br/> 287 (5)<br/> Elasticity of Market Supply<br/> 288 (3)<br/> Producer Surplus in the Short Run<br/> 291 (1)<br/> Choosing Output in the Long Run<br/> 292 (7)<br/> Long-Run Profit Maximization<br/> 293 (1)<br/> Long-Run Competitive Equilibrium<br/> 294 (3)<br/> Economic Rent<br/> 297 (1)<br/> Producer Surplus in the Long Run<br/> 297 (2)<br/> The Industry's Long-Run Supply curve<br/> 299 (6)<br/> Constant-Cost Industry<br/> 299 (1)<br/> Increasing-Cost Industry<br/> 300 (2)<br/> Decreasing-Cost Industry<br/> 302 (1)<br/> The Effects of a Tax<br/> 302 (1)<br/> Long-Run Elasticity of Supply<br/> 303 (2)<br/> Summary<br/> 305 (1)<br/> Questions for Review<br/> 306 (1)<br/> Exercises<br/> 306 (3)<br/> The Analysis of Competitive Markets<br/> 309 (38)<br/> Evaluating the Gains and Losses from Government Policies--Consumer and Producer Surplus<br/> 309 (6)<br/> Review of Consumer and Producer Surplus<br/> 310 (1)<br/> Application of Consumer and Producer Surplus<br/> 311 (4)<br/> The Efficiency of a Competitive Market<br/> 315 (4)<br/> Minimum Prices<br/> 319 (5)<br/> Price Supports and Production Quotas<br/> 324 (7)<br/> Price Supports<br/> 324 (1)<br/> Production Quotas<br/> 325 (6)<br/> Import Quotas and Tariffs<br/> 331 (4)<br/> The Impact of a Tax or Subsidy<br/> 335 (7)<br/> The Effects of a Subsidy<br/> 339 (3)<br/> Summary<br/> 342 (1)<br/> Questions for Review<br/> 342 (1)<br/> Exercises<br/> 343 (4)<br/> Part Three Market Structure and Competitive Strategy<br/> 347 (236)<br/> Market Power: Monopoly and Monopsony<br/> 349 (42)<br/> Monopoly<br/> 350 (11)<br/> Average Revenue and Marginal Revenue<br/> 350 (2)<br/> The Monopolist's Output Decision<br/> 352 (1)<br/> An Example<br/> 353 (1)<br/> A Rule of Thumb for Pricing<br/> 354 (3)<br/> Shifts in Demand<br/> 357 (1)<br/> The Effect of a Tax<br/> 357 (2)<br/> The Multiplant Firm<br/> 359 (2)<br/> Monopoly Power<br/> 361 (5)<br/> Measuring Monopoly Power<br/> 362 (1)<br/> The Rule of Thumb for Pricing<br/> 363 (3)<br/> Sources of Monopoly Power<br/> 366 (2)<br/> The Elasticity of Market Demand<br/> 367 (1)<br/> The Number of Firms<br/> 367 (1)<br/> The Interaction Among Firms<br/> 368 (1)<br/> The Social Costs of Monopoly Power<br/> 368 (5)<br/> Rent Seeking<br/> 370 (1)<br/> Price Regulation<br/> 370 (2)<br/> Natural Monopoly<br/> 372 (1)<br/> Regulation in Practice<br/> 373 (1)<br/> Monopsony<br/> 373 (3)<br/> Monopsony and Monopoly Compared<br/> 376 (1)<br/> Monopsony Power<br/> 376 (5)<br/> Sources of Monopsony Power<br/> 377 (2)<br/> The Social Costs of Monopsony Power<br/> 379 (1)<br/> Bilateral Monopoly<br/> 380 (1)<br/> Limiting Market Power: The Antitrust Laws<br/> 381 (6)<br/> Enforcement of the Antitrust Laws<br/> 383 (1)<br/> Antitrust in Europe<br/> 384 (3)<br/> Summary<br/> 387 (1)<br/> Questions for Review<br/> 387 (1)<br/> Exercises<br/> 388 (3)<br/> Pricing with Market Power<br/> 391 (52)<br/> Capturing Consumer Surplus<br/> 392 (1)<br/> Price Discrimination<br/> 393 (10)<br/> First-Degree Price Discrimination<br/> 393 (3)<br/> Second-Degree Price Discrimination<br/> 396 (1)<br/> Third-Degree Price Discrimination<br/> 397 (6)<br/> Intertemporal Price Discrimination and Peak-Load Pricing<br/> 403 (3)<br/> Intertemporal Price Discrimination<br/> 403 (1)<br/> Peak-Load Pricing<br/> 404 (2)<br/> The Two-Part Tariff<br/> 406 (7)<br/> Bundling<br/> 413 (11)<br/> Relative Valuations<br/> 414 (4)<br/> Mixed Bundling<br/> 418 (3)<br/> Bundling in Practice<br/> 421 (2)<br/> Tying<br/> 423 (1)<br/> Advertising<br/> 424 (4)<br/> A Rule of Thumb for Advertising<br/> 426 (2)<br/> Summary<br/> 428 (1)<br/> Questions for Review<br/> 429 (1)<br/> Exercises<br/> 429 (4)<br/> Transfer Pricing in the Integrated Firm<br/> 433 (8)<br/> Transfer Pricing When There Is No Outside Market<br/> 433 (3)<br/> Transfer Pricing with a Competitive Outside Market<br/> 436 (2)<br/> Transfer Pricing with a Noncompetitive Outside Market<br/> 438 (1)<br/> A Numerical Example<br/> 439 (2)<br/> Exercises<br/> 441 (2)<br/> Monopolistic Competition and Oligopoly<br/> 443 (36)<br/> Monopolistic Competition<br/> 444 (5)<br/> The Makings of Monopolistic Competition<br/> 444 (1)<br/> Equilibrium in the Short Run and the Long Run<br/> 445 (1)<br/> Monopolistic Competition and Economic Efficiency<br/> 446 (3)<br/> Oligopoly<br/> 449 (7)<br/> Equilibrium in an Oligopolistic Market<br/> 449 (1)<br/> The Cournot Model<br/> 450 (3)<br/> The Linear Demand Curve---An Example<br/> 453 (2)<br/> First Mover Advantage---The Stackelberg Model<br/> 455 (1)<br/> Price Competition<br/> 456 (5)<br/> Price Competition with Homogeneous Products--The Bertrand Model<br/> 456 (2)<br/> Price Competition with Differential Products<br/> 458 (3)<br/> Competition versus Collusion: The Prisoners' Dilemma<br/> 461 (3)<br/> Implications of the Prisoners' Dilemma for Oligopolistic Pricing<br/> 464 (5)<br/> Price Rigidity<br/> 465 (1)<br/> Price Signaling and Price Leadership<br/> 465 (3)<br/> The Dominant Firm Model<br/> 468 (1)<br/> Cartels<br/> 469 (6)<br/> Analysis of Cartel Pricing<br/> 470 (5)<br/> Summary<br/> 475 (1)<br/> Questions for Review<br/> 475 (1)<br/> Exercises<br/> 476 (3)<br/> Game Theory and Competitive Strategy<br/> 479 (42)<br/> Gaming and Strategic Decisions<br/> 479 (3)<br/> Noncooperative versus Cooperative Games<br/> 480 (2)<br/> Dominant Strategies<br/> 482 (2)<br/> The Nash Equilibrium Revisited<br/> 484 (6)<br/> Maximin Strategies<br/> 486 (2)<br/> Mixed Strategies<br/> 488 (2)<br/> Repeated Games<br/> 490 (4)<br/> Sequential Games<br/> 494 (3)<br/> The Extensive Form of a Game<br/> 495 (1)<br/> The Advantage of Moving First<br/> 496 (1)<br/> Threats, Commitments, and Credibility<br/> 497 (6)<br/> Empty Threats<br/> 498 (1)<br/> Commitment and Credibility<br/> 498 (2)<br/> Bargaining Strategy<br/> 500 (3)<br/> Entry Deterrence<br/> 503 (6)<br/> Strategic Trade Policy and International Competition<br/> 505 (4)<br/> Auctions<br/> 509 (8)<br/> Auction Formats<br/> 510 (1)<br/> Valuation and Information<br/> 510 (1)<br/> Private-Value Auctions<br/> 511 (1)<br/> Common-Value Auctions<br/> 512 (1)<br/> Maximizing Auction Revenue<br/> 513 (1)<br/> Bidding and Colusion<br/> 514 (3)<br/> Summary<br/> 517 (1)<br/> Questions for Review<br/> 517 (1)<br/> Exercises<br/> 518 (3)<br/> Markets for Factor Inputs<br/> 521 (30)<br/> Competitive Factor Markets<br/> 521 (13)<br/> Demand for a Factor Input When Only One Input Is Variable<br/> 522 (2)<br/> Demand for a Factor Input When Several Inputs Are Variable<br/> 524 (2)<br/> The Market Demand Curve<br/> 526 (3)<br/> The Supply of Inputs to a Firm<br/> 529 (2)<br/> The Market Supply of Inputs<br/> 531 (3)<br/> Equilibrium in a Competitive Factor Market<br/> 534 (5)<br/> Economic Rent<br/> 535 (4)<br/> Factor Markets with Monopsony Power<br/> 539 (4)<br/> Monopsony Power: Marginal and Average Expenditure<br/> 539 (1)<br/> Purchasing Decisions with Monopsony Power<br/> 540 (1)<br/> Bargaining Power<br/> 541 (2)<br/> Factor Markets with Monopoly Power<br/> 543 (6)<br/> Monopoly Power over the Wage Rate<br/> 544 (1)<br/> Unionized and Nonunionized Workers<br/> 545 (4)<br/> Summary<br/> 549 (1)<br/> Questions for Review<br/> 549 (1)<br/> Exercises<br/> 550 (1)<br/> Investment, Time, and Capital Markets<br/> 551 (32)<br/> Stocks versus Flows<br/> 552 (1)<br/> Present Discounted Value<br/> 553 (3)<br/> Valuing Payment Streams<br/> 553 (3)<br/> The Value of a Bond<br/> 556 (4)<br/> Perpetuities<br/> 556 (1)<br/> The Effective Yield on a Bond<br/> 557 (3)<br/> The Net Present Value Criterion for Capital Investment Decisions<br/> 560 (4)<br/> The Electric Motor Factory<br/> 561 (1)<br/> Real versus Nominal Discount Rates<br/> 562 (1)<br/> Negative Future Cash Flows<br/> 563 (1)<br/> Adjustments for Risk<br/> 564 (4)<br/> Diversifiable versus Nondiversifiable Risk<br/> 564 (1)<br/> The Capital Asset Pricing Model<br/> 565 (3)<br/> Investment Decisions by Consumers<br/> 568 (2)<br/> Investments in Human Capital<br/> 570 (3)<br/> Intertemporal Production Decisions---Depletable Resources<br/> 573 (4)<br/> The Production Decision of an Individual Resource Producer<br/> 574 (1)<br/> The Behavior of Market Price<br/> 574 (1)<br/> User Cost<br/> 575 (1)<br/> Resource Production by a Monopolist<br/> 576 (1)<br/> How Are Interest Rates Determined?<br/> 577 (3)<br/> A Variety of Interest Rates<br/> 579 (1)<br/> Summary<br/> 580 (1)<br/> Questions for Review<br/> 580 (1)<br/> Exercises<br/> 581 (2)<br/> Part Four Information, Market Failure, and the Role of Government<br/> 583 (112)<br/> General Equilibrium and Economic Efficiency<br/> 585 (32)<br/> General Equilibrium analysis<br/> 585 (5)<br/> Two Interdependent Markets---Moving to General Equilibrium<br/> 586 (1)<br/> Reaching General Equilibrium<br/> 587 (3)<br/> Efficiency in Exchange<br/> 590 (7)<br/> The Advantages of Trade<br/> 590 (1)<br/> The Edgeworth Box Diagram<br/> 591 (1)<br/> Efficient Allocations<br/> 592 (1)<br/> The Contract Curve<br/> 593 (1)<br/> Consumer Equilibrium in a Competitive Market<br/> 594 (2)<br/> The Economic Efficiency of Competitive Markets<br/> 596 (1)<br/> Equity and Efficiency<br/> 597 (3)<br/> The Utility Possibilities Frontier<br/> 597 (2)<br/> Equity and Perfect Competition<br/> 599 (1)<br/> Efficiency in Production<br/> 600 (6)<br/> The Production Possibilities Frontier<br/> 601 (2)<br/> Output Efficiency<br/> 603 (1)<br/> Efficiency in Output Markets<br/> 604 (1)<br/> The Gains from Free Trade<br/> 605 (1)<br/> Comparative Advantage<br/> 606 (4)<br/> An Expanded Production Possibilities Frontier<br/> 607 (3)<br/> An Overview---The Efficiency of Competitive Markets<br/> 610 (2)<br/> Why Market Fail<br/> 612 (2)<br/> Market Power<br/> 612 (1)<br/> Incomplete Information<br/> 613 (1)<br/> Externalities<br/> 613 (1)<br/> Public Goods<br/> 613 (1)<br/> Summary<br/> 614 (1)<br/> Questions for Review<br/> 614 (1)<br/> Exercises<br/> 615 (2)<br/> Markets with Asymmetric Information<br/> 617 (28)<br/> Quality Uncertainty and the Market for Lemons<br/> 617 (6)<br/> The Market for Used Cars<br/> 618 (2)<br/> Implications of Asymmetric Information<br/> 620 (1)<br/> The Importance of Reputation and Standardization<br/> 621 (2)<br/> Market Signaling<br/> 623 (5)<br/> A Simple Model of Job Market Signaling<br/> 624 (3)<br/> Guarantees and Warranties<br/> 627 (1)<br/> Moral Hazard<br/> 628 (2)<br/> The Principal---Agent Problem<br/> 630 (6)<br/> The Principal---Agent Problem in Private Enterprises<br/> 631 (2)<br/> The Principal--Agent Problem in Public Enterprises<br/> 633 (2)<br/> Incentives in the Principal---Agent Framework<br/> 635 (1)<br/> Managerial Incentives in an Integrated Firm<br/> 636 (3)<br/> Asymmetric Information and Incentive Design in the Integrated Firm<br/> 637 (2)<br/> Applications<br/> 639 (1)<br/> Asymmetric Information in Labor Markets: Efficiency Wage Theory<br/> 639 (3)<br/> Summary<br/> 642 (1)<br/> Questions for Review<br/> 642 (1)<br/> Exercises<br/> 643 (2)<br/> Externalities and Public Goods<br/> 645 (50)<br/> Externalities<br/> 645 (6)<br/> Negative Externalities and Inefficiency<br/> 646 (2)<br/> Positive Externalities and Inefficiency<br/> 648 (3)<br/> Ways of Correcting Market Failure<br/> 651 (12)<br/> An Emissions Standard<br/> 652 (1)<br/> An Emissions Fee<br/> 653 (1)<br/> Standards versus Fees<br/> 654 (2)<br/> Tradeable Emissions Permits<br/> 656 (4)<br/> Recycling<br/> 660 (3)<br/> Stock Externalities<br/> 663 (6)<br/> Stock Buildup and its Impact<br/> 664 (5)<br/> Externalities and Property Rights<br/> 669 (4)<br/> Property Rights<br/> 669 (1)<br/> Bargaining and Economic Efficiency<br/> 670 (1)<br/> Costly Bargaining--The Role of Strategic Behavior<br/> 671 (1)<br/> A Legal Solution---Suing for Damages<br/> 671 (2)<br/> Common Property Resources<br/> 673 (3)<br/> Public Goods<br/> 676 (4)<br/> Efficiency and Public Goods<br/> 677 (1)<br/> Public Goods and Market Failure<br/> 678 (2)<br/> Private Preferences for Public Goods<br/> 680 (2)<br/> Summary<br/> 682 (1)<br/> Questions for Review<br/> 683 (1)<br/> Exercises<br/> 683 (4)<br/> Appendix: The Basics of Regression<br/> 687 (8)<br/> An Example<br/> 687 (1)<br/> Estimation<br/> 688 (1)<br/> Statistical Tests<br/> 689 (2)<br/> Goodness of Fit<br/> 691 (1)<br/> Economic Forecasting<br/> 691 (3)<br/> Summary<br/> 694 (1)<br/>Glossary 695 (16)<br/>Answers to Selected Exercises 711 (12)<br/>Photo Credits 723 (2)<br/>Index 725 |
| 546 ## - LANGUAGE NOTE | |
| Language note | eng. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Microeconomics |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rubinfeld, Daniel L. |
| 942 ## - ADDED ENTRY ELEMENTS | |
| Item type | Book |
| Withdrawn status | Lost status | Damaged status | Not for loan | Permanent Location | Current Location | Date acquired | Source of acquisition | Full call number | Accession Number | Copy number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mzumbe University Main Campus Library | Mzumbe University Main Campus Library | 01/02/2012 | Textbook centre | 338.5 PIN | 0069936 | 1 | 23/12/2022 | Book |