Microeconomics: Optimization, Experiments, and BehaviorOxford University Press, 20/04/2006 - 352 páginas In this book, John P. Burkett presents microeconomics as an evolving science, interacting with mathematics, psychology, and other disciplines and offering solutions to a growing range of practical problems. The book shows how early contributors such as Xenophon, Ibn Khaldun, and David Hume posed the normative and positive questions central to microeconomics. It expounds constrained optimization techniques, as developed by economists and mathematicians from Daniel Bernoulli to Leonid Kantorovich, emphasizing their value in deriving norms of rational behavior and testable hypotheses about typical behavior. Applying these techniques, the book introduces partial equilibrium analysis of particular markets and general equilibrium analysis of market economies. The book both explains how laboratory and field experiments are used in testing economic hypotheses and provides materials for classroom experiments. It gives extensive and innovative coverage of recent findings in cognitive psychology and behavioral economics, which not only document behavior inconsistent with some traditional theories, but also advance positive theories with superior predictive power. |
Índice
Cost Minimization Using Linear Programming | |
Production andCosts 4 1 Inputs andOutputs | 4-3 |
The Production Decisions of Competitive Firms | 4-19 |
Technological Change | 4-23 |
Marginal Products and Factor Proportions | 4-37 |
Comparative Advantage | 4-52 |
Allocation of Factors in Competitive Markets | 4-65 |
Exchange and Product Assortment | 8-55 |
Referencedependent Preferences | 10-12 |
Labor Supply 13 1 Consumption vs Leisure | 10-52 |
Behavior in the Face of Risk | 10-187 |
21 | 10-219 |
Glossary | 10-314 |
References | 10-337 |
Index | 10-363 |
Outras edições - Ver tudo
Microeconomics: Optimization, Experiments, and Behavior John P. Burkett Pré-visualização limitada - 2006 |
Microeconomics: Optimization, Experiments, and Behavior John P. Burkett Pré-visualização indisponível - 2006 |
Microeconomics: Optimization, Experiments, and Behavior John P. Burkett Pré-visualização indisponível - 2006 |
Palavras e frases frequentes
allocation andthe assumption average cost behavior budget constraint buyers calculate capital choice choose clothing comparative advantage Consider consumer surplus consumer’s consumption bundle corner solution Cournot decision demand curve denote discount drug Economics economists Edgeworth box elasticity of demand endowment effect equal equation equilibrium example EXERCISE expected utility expected value experiments factor Figure firm firm’s Forexample horizontal axis income increase indifference curves individual industry inputs interest rate interior solution inthe isocost isoquant Kahneman kinked linear programming loss aversion marginal cost marginal product maximize monopolistically competitive monopoly mugs ofthe opportunity cost optimal output own-price elasticity Pareto set percentage change perfect competition positive preferences present value price discrimination probability problem production function production possibilities frontier profit profit-maximizing quantity ratio relative price rice risk sell sellers slope Stackelberg subjects substitution supply curve Suppose thatthe theory tothe trade Tversky utility function wage rate wheat wine workers zero