Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download On The Representation And Aggregation Of Homothetic Preferences full books in PDF, epub, and Kindle. Read online On The Representation And Aggregation Of Homothetic Preferences ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : John Somerset Chipman
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (86 download)
Download or read book On the Representation and Aggregation of Homothetic Preferences written by John Somerset Chipman and published by . This book was released on 1979 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : H. M. Polemarchakis
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (633 download)
Download or read book Approximate aggregation of diverse homothetic preferences under uncertainty written by H. M. Polemarchakis and published by . This book was released on 1980 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thorsten Hens
Publisher : Springer Science & Business Media
ISBN 13 : 1475753179
Total Pages : 313 pages
Book Rating : 4.4/5 (757 download)
Download or read book General Equilibrium Foundations of Finance written by Thorsten Hens and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model.
Author : Dale Weldeau Jorgenson
Publisher : MIT Press
ISBN 13 : 9780262100625
Total Pages : 588 pages
Book Rating : 4.1/5 (6 download)
Download or read book Welfare: Aggregate consumer behavior written by Dale Weldeau Jorgenson and published by MIT Press. This book was released on 1997 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first of two volumes of Dale Jorgenson's empirical studies of consumer behaviour. It focuses on an econometric model of demand obtained by aggregating over a population of consumers with heterogeneous preferences.
Author : Nancy K. Keith
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (1 download)
Download or read book Estimating Aggregation Errors in Transportation Problems written by Nancy K. Keith and published by . This book was released on 1986 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William Moore Gorman
Publisher : Oxford University Press
ISBN 13 : 9780198285212
Total Pages : 512 pages
Book Rating : 4.2/5 (852 download)
Download or read book Collected Works of W.M. Gorman: Separability and aggregation written by William Moore Gorman and published by Oxford University Press. This book was released on 1995 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together for the first time the important work of W.M. (Terence) Gorman, a major figure in the development of economics during the past 40 years. His publications on separability, aggregation, duality and demand are recongized as fundamental contributions to economic theory.
Author : Sayan Chatterjee
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.3/5 ( download)
Download or read book The Link Between Excess Resource, Transfer Costs and Mode of Entry Into New Markets written by Sayan Chatterjee and published by . This book was released on 1987 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Salvador Barbera
Publisher : Springer Science & Business Media
ISBN 13 : 9780792381747
Total Pages : 714 pages
Book Rating : 4.3/5 (817 download)
Download or read book Handbook of Utility Theory written by Salvador Barbera and published by Springer Science & Business Media. This book was released on 1998 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard rationality hypothesis implies that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at the heart of a large body of recent work in economics, of course, but also in political science, ethics, and other major branches of social sciences. Though the utility maximization hypothesis is venerable, it remains an area of active research. Moreover, some fundamental conceptual problems remain unresolved, or at best have resolutions that are too recent to have achieved widespread understanding among social scientists. The main purpose of the Handbook of Utility Theory is to make recent developments in the area more accessible. The editors selected a number of specific topics, and invited contributions from researchers whose work had come to their attention. Therefore, the list of topics and contributions is largely the editors' responsibility. Each contributor's chapter has been refereed, and revised according to the referees' remarks. This is the first volume of a two volume set, with the second volume focusing on extensions of utility theory.
Author : Pierre-André Chiappori
Publisher : Now Publishers Inc
ISBN 13 : 1601982887
Total Pages : 165 pages
Book Rating : 4.6/5 (19 download)
Download or read book The Economics and Mathematics of Aggregation written by Pierre-André Chiappori and published by Now Publishers Inc. This book was released on 2009 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics and Mathematics of Aggregation provides a general characterization of group behavior in a market environment. A crucial feature of the authors' approach is that they do not restrict the form of individual preferences or the nature of individual consumptions. The authors allow for public as well as private consumption, for intragroup production, and for any type of consumption externalities across group members. The main questions addressed are: what restrictions (if any) on the aggregate demand function characterize the efficient behavior of the group and when is it possible to recover the underlying structure - namely, individual preferences, the decision process and the resulting intragroup transfers - from the group's aggregate behavior? The Economics and Mathematics of Aggregation takes an alternative, axiomatic perspective -- the 'collective' approach -- and assumes that the group always reaches Pareto efficient decisions. The authors view efficiency as a natural assumption in many contexts and as a natural benchmark in all cases. Finally, even in the presence of asymmetric information, first best efficiency is a natural benchmark. However, it is important to note that no restriction is placed on the form of the decision process beyond efficiency.
Author : Rabikar Chatterjee
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.3/5 ( download)
Download or read book New Product Introduction Under Uncertainty in Competitive Industries written by Rabikar Chatterjee and published by . This book was released on 1987 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David M. Kreps
Publisher : Princeton University Press
ISBN 13 : 069121574X
Total Pages : 869 pages
Book Rating : 4.6/5 (912 download)
Download or read book A Course in Microeconomic Theory written by David M. Kreps and published by Princeton University Press. This book was released on 2020-06-23 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
Author : Carolyn Y. Woo
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book The Impact of Strategic Management on Systematic Risk written by Carolyn Y. Woo and published by . This book was released on 1983 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Murugappa Krishnan
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book Entry Game with Resalable Capacity written by Murugappa Krishnan and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Herbert Moskowitz
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book Conditional Versus Joint Probability Assessments written by Herbert Moskowitz and published by . This book was released on 1984 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Manohar U. Kalwani
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book Consumer Price and Promotion Expectations written by Manohar U. Kalwani and published by . This book was released on 1990 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tito Boeri
Publisher : Routledge
ISBN 13 : 0429713959
Total Pages : 213 pages
Book Rating : 4.4/5 (297 download)
Download or read book Beyond The Rule Of Thumb written by Tito Boeri and published by Routledge. This book was released on 2019-04-23 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the rationale for correcting market prices in the evaluation of public investments. It also aims at covering techniques of project appraisals, such as the effects method, cost efficiency techniques, multicriteria analysis, and related logical frameworks.
Author : Dale Weldeau Jorgenson
Publisher : MIT Press
ISBN 13 : 9780262100632
Total Pages : 476 pages
Book Rating : 4.1/5 (6 download)
Download or read book Welfare: Measuring social welfare written by Dale Weldeau Jorgenson and published by MIT Press. This book was released on 1997 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an approach to the evaluation of economic policies through the econometric modeling of aggregate consumer behavior. While the preferences of individual consumers are revealed by their market choices, these preferences can be recovered only by econometric methods, not through the index numbers used in the official statistics. The richer and more robust methodology presented in this volume provides a fruitful point of departure for future policy evaluations. The econometric approach replaces ordinal measures of individual welfare that cannot be compared among individuals with cardinal measures that can. These are combined into an indicator of social welfare that reflects principles of horizontal and vertical equity. This approach unifies the measurement of poverty, inequality, and cost and standard of living. It extends the scope of normative economics to a broader range of issues in the evaluation of economic and social policies.
