Verfügbarkeit: Microeconomics | Technische Universität München

Microeconomics:

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Bibliographische Detailangaben
Beteiligte Personen:	Pindyck, Robert S. 1945- (VerfasserIn), Rubinfeld, Daniel L. (VerfasserIn)
Format:	Buch
Sprache:	Englisch
Veröffentlicht:	Upper Saddle River Pearson Prentice Hall 2009
Ausgabe:	7. ed., internat. ed.
Schriftenreihe:	Pearson international edition
Schlagwörter:	Mikroökonomie - Lehrbuch Mikroökonomik Theorie USA Microeconomics Mikroökonomie Makroökonomie Lehrbuch
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016722173&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Beschreibung:	Erg. bildet: Hamilton, Jonathan: Study guide Microeconomics, Robert S. Pindyck Daniel L. Rubinfeld
Umfang:	XXXII, 736 S. zahlr. Ill., graph. Darst.
ISBN:	9780137133352 0137133359

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adam_text	JTHORS SURE 0.1 Authors of Microeconomics so йАЗХ^г takes considerable work s ts loved it. OSt be si L last ^™ was clearly written and stu- lisher said-thold e¡i if d Rubinfield· Remember what our јаггу examples «z^thľ8 T * ** ™d We need some new think it has anything tľdo tľhÍh5 Tf K ^ ?Шуск> ** d° d. Could be, but rLember th^ 7Є ^ b°°k market? Rubinfield Robert S. Pinává i! th r ΐ 1S OUr 1искУ number. conomics and Finance Tnfboi ^okyo-Mitsubishi Ltd. Professor iel L. Rubinfeld is SïïrtLRriïn p ľ1 Of Mana8em-t at M.I.T. «mies at the Universi Ы ^аШогіГ r ^T °f Uw and Professor of at NYU. Both received ľheir Ph ΐ? Ѓ^7 and VisitinS Profes^r of nfeld in 1972. Profesľor РШУ(Ь? S ™М™; Rndyck in 1971 and У of topics in microeľonľmžs in TT fd ^^ have covered a behavior and market ZZe Й Γ§ ** ^* °f u^rtainty on vior of natural resource c« ^munants of market power, the »vestment decisions. ProfeľsTÄ^ ^^1 markets a d criteria Department of Jusfee in 1997 Sd t^ ^° ^60 3S сШ economist bating to antitrust, competítíon n í, М Є aUthor of a variet7 of li- vand pubhc economie? Р°Ьсу W and «momke, law and sta- i co^rf^ Mofefe and Economie ^ ^80 Ы ft ^ p her lit-seffin Ys looking for ways to ђ^ enrolled as human edication. Rubinfeld ѕпх ^^ Probably more flj y information, see their Economie Ы° a feature ^ 8 ЄУ Ше ^° authore test of a new hair restora- Í 1Т^еп the placebo. ^ about Шеѕе autho^ but BRIEF PART · С 1 Prelimina 2 The Basic PART ·Τ 3 4 5 6 7 8 9 Consume: Individua Uncertain Productio The Cost < Profit Ma: The Anal) PART ·Τ 10 Market Pc 11 Pricing wi 12 Monopoli 13 Game The 14 Markets f( 15 Investmer PA RT· F( 16 General E< 17 Markets w 18 Externaliti Appendix: The В Glossary 695 Answers to Selec Photo Credits 7 Index 725 BRIEF CONTENTS PART «ONE Introduction: Markets and Prices I I Preliminaries 3 ¿ The Basics of Supply and Demand 21 PART· TWO Producers, Consumers, and Competitive Markets 65 л Consumer Behavior 67 4 Individual and Market Demand 111 :» Uncertainty and Consumer Behavior 159 h Production 195 - The Cost of Production 221 8 Profit Maximization and Competitive Supply 271 * The Analysis of Competitive Markets 309 PART· THREE Market Structure and Competitive Strategy 347 i * i Market Power: Monopoly and Monopsony 349 i í Pricing with Market Power 391 і 2 Monopolistic Competition and Oligopoly 443 ? і Game Theory and Competitive Strategy 479 1 4 Markets for Factor Inputs 521 1 5 Investment, Time, and Capital Markets 551 PART FOUR Information, Market Failure, and the Role of Government 583 ; General Equilibrium and Economic Efficiency 585 ? Markets with Asymmetric Information 617 1 8 Externalities and Public Goods 645 Appendix: The Basics of Regression 687 Glossary 695 Answers to Selected Exercises 711 Photo Credits 723 Index 725 CONTENTS Preface xxv PART ONE Introduction: Markets and Prices 1 1 Preliminaries 3 1.1 The Themes of Microeconomics 4 Trade-Offs 4 Prices and Markets 5 Theories and Models 5 Positive versus Normative Analysis 6 1.2 What Is a Market? 7 Competitive versus Noncompetitive Markets 8 Market Price 8 Market Definition — The Extent of a Market 9 1.3 Real versus Nominal Prices 12 1.4 Why Study Microeconomics? 15 Corporate Decision Making: Ford s Sport Utility Vehicles 15 Public Policy Design: Automobile Emission Standards for the Twenty-First Century 17 Summary 18 Questions for Review 18 Exercises 18 2 The Basics of Supply and Demand 21 2.1 Supply and Demand 22 The Supply Curve 22 The Demand Curve 23 2.2 The Market Mechanism 25 2.3 Changes in Market Equilibrium 26 2.4 Elasticities of Supply and Demand 34 Point versus Arc Elasticities 37 2.5 Short-Run versus Long-Run Elasticities 40 Demand 40 Supply 45 2.6 Understanding and Predicting the Effects of Changing Market Conditions 49 2.7 Effects of Government Intervention — Price Controls 58 Summary 61 Questions for Review 61 Exercises 62 χ CONTENTS · Ρ Α R T · TWO Producers, Consumers, and Competitive Markets 65 3 Consumer Behavior 67 Consumer Behavior 67 3.1 Consumer Preferences 69 Markt Baskets 69 Some Basic Assumptions about Preferences 70 Indifference Curves 70 Indifference Maps 72 The Shape of indifference Curves 74 The Marginal Rate of Substitution 75 Perfect Substitutes and Perfect Complements 76 3.2 Budget Constraints 83 The Budget Line S3 The Effects of Changes in Income and Prices 84 3.3 Consumer Choice 86 Corner Solutions 90 3.4 Revealed Preference 92 3.5 Marginal Utility and Consumer Choice 95 3.6 Cost-of-Living Indexes 100 Ideal Cost-of-Uving Index 101 Laspeyres Index 101 Paasche Index 103 Price Indexes in the United Statics: Chain Weighting 104 Summary 106 Questions for Review 106 Exercises 107 4 Individual and Market Demand 111 4.1 Individual Demand 112 Price Changes 111 The Individual Demand Curve 113 Income Changes Ш Normal versus Inferior Goods 115 Engel Curves 116 Substitutes and Complements 119 4.2 Income and Substitution Effects 120 Substitution Effect 121 Income Effect 121 A Special Case: The Giffen Good 122 4.3 Market Demand 125 From Individual to Market Demand 125 Elasticity of Demand 127 4.4 Consumer Surplus 132 Consumer Surplus and Demand 132 CONTENTS· xi 4.5 Network Externalities 136 The Bandwagon Effect 136 The Snob Effect 137 4.6 Empirical Estimation of Demand 140 The Statistical Approach to Demand Estimation 140 The Form of the Demand Relationship 142 Interview and Experimental Approaches to Demand Determination 144 Summary 144 Questions for Review 145 Exercises 146 Demand Theory — A Mathematical Treatment 149 Utility Maximization 149 The Method of Lagrange Multipliers 150 The Equal Marginal Principle 151 Marginal Rate of Substitution 151 Marginal Utility of Income 152 An Example 152 Duality in Consumer Theory 154 Income and Substitution Effects 155 Exercises 157 Uncertainty and Consumer Behavior 159 5.1 Describing Risk 160 Probability 160 Expected Value 161 Variability 161 Decision Making 163 5.2 Preferences Toward Risk 165 Different Preferences Toward Risk 167 5.3 Reducing Risk 170 Diversification 170 Insurance 172 The Value of Information 174 5.4 The Demand for Risky Assets 176 Assers 177 Risky and Riskless Assets 177 Asset Returns 178 The Trade-Off Between Risk and Return 179 The Investor s Choice Problem 180 5.5 Behavioral Economics 185 More Complex Preferences 186 Rules of Thumb and Biases in Decision Making 188 Probabilities and Uncertainty 189 Summing Up 189 Summary 191 Questions for Review 191 Exercises 191 xii CONTENTS (-> Production 195 The Production Decisions of a Firm 195 6.1 The Technology of Production 196 The Production Function 197 The Short Run versus the Long Run 197 6.2 Production with One Variable Input (Labor) 198 Average and Marginal Products 199 The Slopes of the Product Curve 200 The Average Product of Labor Curve 201 The Marginal Product of Labor Curve 202 The Law of Diminishing Marginal Returns 202 Labor Productivity 205 6.3 Production with Two Variable Inputs 207 Isoquants 207 Input Flexibility 209 Diminishing Marginal Returns 209 Substitution Among Inputs 209 Production Functions—Two Special Cases 211 6.4 Returns to Scale 215 Describing Returns to Scale 215 Summary 218 Questions for Review 218 Exercises 219 The Cost of Production 221 7.1 Measuring Cost: Which Costs Matter? 221 Economic Cost versus Accounting Cost 222 Opportunity Cost 222 Sunk Costs 222 Fixed Costs and Variable Costs 224 Fixed versus Sunk Costs 225 Marginal and Average Cost 227 7.2 Cost in the Short Run 228 The Determinants of Short-Run Cost 228 The Shapes of the Cost Curves 230 7.3 Cost in the Long Run 234 The User Cost of Capital 234 The Cost-Minimizing Input Choice 235 The Isocost Line 236 Choosing Inputs 237 Cost Minimization with Varying Output Levels 241 The Expansion Path and Long-Run Costs 241 7.4 Long-Run versus Short-Run Cost Curves 243 The Inflexibility of Short-Run Production 243 Long-Run Average Cost 243 Economies and Diseconomies of Scale 245 The Relationship between Short-Run and Img-Kun Cost 247 CONTENTS· xiii І 7.5 Production with Two Outputs — Economies of Scope 248 Product Transformation Curves 249 Economies and Diseconomies of Scope 250 The Degree of Economies of Scope 250 7.6 Dynamic Changes in Costs — The Learning Curve 251 Graphing the Learning Curve 252 Learning versus Economies of Scale 253 7.7 Estimating and Predicting Cost 256 Cost Functions and the Measurement of Scale Economies 258 Summary 260 Questions for Review 261 Exercises 261 Appendix ίο „ ілрі Production and Cost Theory — A Mathematical Treatment 264 Cost Minimization 264 Marginal Rate of Technical Substitution 265 Duality in Production and Cost Theory 266 The Cobb-Douglas Cost and Production Functions 267 Exercises 269 8 Profit Maximization and Competitive Supply 271 8.1 Perfectly Competitive Markets 271 When Is a Market Highly Competitive? 273 8.2 Profit Maximization 274 Do Firms Maximize Profit? 274 Alternative Forms of Organization 275 8.3 Marginal Revenue, Marginal Cost, and Profit Maximization 276 Demand and Marginal Reven uefora Competitive Firm 2 77 Profit Maximization by a Competitive Firm 279 8.4 Choosing Output in the Short Run 279 Short-Run Profit Maximization by a Competitive Firm 279 The Short-Run Profit of a Competitive Firm 280 8.5 The Competitive Firm s Short-Run Supply Curve 284 The Firm s Response to an Input Price Change 284 8.6 The Short-Run Market Supply Curve 287 Elasticity of Market Supply 288 Producer Surplus in the Short Run 291 8.7 Choosing Output in the Long Run 292 Long-Run Profit Maximization 293 Long-Run Competitive Equilibrium 294 Economic Rent 297 Producer Surplus in the Long Run 297 8.8 The Industry s Long-Run Supply Curve 299 Constant-Cost Industry 299 Increasing-Cost Industry 300 Decreasing-Cost Industry 302 xiv CONTENTS ■ The Effects of a Tax 302 Long-Run Elasticity of Supply 303 Summary 305 Questions for Review 306 Exercises 306 () The Analysis of Competitive Markets 309 9.1 Evaluating the Gains and Losses from Government Policies—Consumer and Producer Surplus 309 Review of Consumer and Producer Surplus 310 Application of Consumer and Producer Surplus 311 9.2 The Efficiency of a Competitive Market 315 9.3 Minimum Prices 319 9.4 Price Supports and Production Quotas 324 Price Supports 324 Production Quotas 325 9.5 Import Quotas and Tariffs 331 9.6 The Impact of a Tax or Subsidy 335 The Effects of a Subsidy 339 Summary 342 Questions for Review 342 Exercises 343 PART THREE Market Structure and Competitive Strategy 347 í ι ) Market Power: Monopoly and Monopsony 349 10.1 Monopoly 350 Average Revenue and Marginal Revenue 350 The Monopolist s Output Decision 352 An Example 353 A Rule of Thumb for Pricing 354 Shifts in Demand 357 The Effect of a Tax 357 The Multiplant Firm 359 10.2 Monopoly Power 361 Measuring Monopoly Power 362 The Rule of Thumb for Pricing 363 10.3 Sources of Monopoly Power 366 The Elasticity of Market Demand 367 The Nu mber of Firms 367 The Interaction Among Firms 368 10.4 The Social Costs of Monopoly Power 368 Rent Seeking 370 Price Regulation 370 Natural Monopoly 372 Regulation in Practice 373 CONTENTS · xv 10.5 Monopsony 373 Monopsony and Monopoly Compared 376 10.6 Monopsony Power 376 Sources of Monopsony Power 3 77 The Social Costs of Monopsony Power 379 Bilateral Monopoly 380 10.7 Limiting Market Power: The Antitrust Laws 381 Enforcement of the Antitrust Laws 383 Antitrust in Europe 384 Summary 387 Questions for Review 387 Exercises 388 11 Pricing with Market Power 391 11.1 Capturing Consumer Surplus 392 11.2 Price Discrimination 393 First-Degree Price Discrimination 393 Second-Degree Price Discrimination 396 Third-Degree Price Discrimination 397 11.3 Intertemporal Price Discrimination and Peak-Load Pricing 403 Intertemporal Price Discrimination 403 Peak-Load Pricing 404 11.4 The Two-Part Tariff 406 »11.5 Bundling 413 Relative Valuations 414 Mixed Bundling 418 Bundling in Practice 421 Tying 423 11.6 Advertising 424 A Rule of Thumb for Advertising 426 Summary 428 Questions for Review 429 Exercises 429 Λ > ρ í u i 11 ( ,a p I И . Transfer Pricing in the Integrated Firm 433 Transfer Pricing When There Is No Outside Market 433 Transfer Pricing with a Competitive Outside Market 436 Transfer Pricing with a Noncompetitive Outside Market 438 A Numerical Example 439 Exercises 441 12 Monopolistic Competition and Oligopoly 443 12.1 Monopolistic Competition 444 The Makings of Monopolistic Competition 444 Equilibrium in the Short Run and the Long Run 445 Monopolistic Competition and Economic Efficiency 446 12.2 Oligopoly 449 Equilibrium in an Oligopolistic Market 449 The Cournot Model 450 xvi CONTENTS· The Linear Demand Curve—An Example 453 First Mover Advantage—The Stackelberg Model 455 12.3 Price Competition 456 Price Competition with Homogeneous Products—The Bertrand Model 456 Price Competition with Differentiated Products 458 12.4 Competition versus Collusion: The Prisoners Dilemma 461 12.5 Implications of the Prisoners Dilemma for Oligopolistic Pricing 464 Price Rigidity 465 Price Signaling and Price Leadership 465 The Dominant Firm Model 468 12.6 Cartels 469 Analysis of Cartel Pricing 470 Summary 475 Questions for Review 475 Exercises 476 ! 3 Game Theory and Competitive Strategy 479 13.1 Gaming and Strategic Decisions 479 Noncooperative versus Cooperative Games 480 13.2 Dominant Strategies 482 13.3 The Nash Equilibrium Revisited 484 Maximin Strategies 486 Mixed Strategies 488 13.4 Repeated Games 490 13.5 Sequential Games 494 The Extensive Form of a Game 495 The Advantage of Moving First 4% 13.6 Threats, Commitments, and Credibility 497 Empty Threats 498 Commitment and Credibility 498 Bargaining Strategy 500 13.7 Entry Deterrence 503 Strategic Trade Policy and International Competition 505 13.8 Auctions 509 Auction Formats 510 Valuation and Information 510 Private-Value Auctions 511 Common-Value Auctions 512 Maximizing Auction Revenue 513 Bidding and Collusion 514 Summary 517 Questions for Review 517 Exercises 518 1 1 Markets for Factor Inputs 521 14.1 Competitive Factor Markets 521 Demand for a Factor Input When Only One Input Is Variable 522 Demand for a Factor Input When Several Inputs Are Variable 524 The Market Demand Curve 526 CONTENTS · xvü The Supply of Inputs to a Firm 529 The Market Supply of Inputs 531 14.2 Equilibrium in a Competitive Factor Market 534 Economic Rent 535 14.3 Factor Markets with Monopsony Power 539 Monopsony Power: Marginal and Average Expenditure 539 Purchasing Decisions with Monopsony Power 540 Bargaining Power 541 14.4 Factor Markets with Monopoly Power 543 Monopoly Power over the Wage Rate 544 Unionized and Nonunionized Workers 545 Summary 549 Questions for Review 549 Exercises 550 15 Investment, Time, and Capital Markets 551 15.1 Stocks versus Flows 552 15.2 Present Discounted Value 553 Valuing Payment Streams 553 15.3 The Value of a Bond 556 Perpetuities 556 The Effective Yield on a Bond 557 15.4 The Net Present Value Criterion for Capital Investment Decisions 560 The Electric Motor Factory 561 Real versus Nominal Discount Rates 562 Negative Future Cash Floivs 563 15.5 Adjustments for Risk 564 Diversißable versus Nondiversifiable Risk 564 The Capital Asset Pricing Model 565 15.6 Investment Decisions by Consumers 568 15.7 Investments in Human Capital 570 15.8 Intertemporal Production Decisions — Depletable Resources 573 The Production Decision of an Individual Resource Producer 574 The Behavior of Market Price 574 User Cost 575 Resource Production by a Monopolist 576 15.9 How Are Interest Rates Determined? 577 A Variety of Interest Rates 579 Summary 580 Questions for Review 580 Exercises 581 PART * FOUR Information, Market Failure, and the Role of Government 583 16 General Equilibrium and Economic Efficiency 585 16.1 General Equilibrium Analysis 585 Two Interdependent Markets — Mooing to General Equilibrium 586 Reaching General Equilibrium 587 xviii CONTENTS 16.2 Efficiency in Exchange 590 The Advantages of Trade 590 The Edgeworth Box Diagram 591 Efficient Allocations 592 The Contract Curve 593 Consumer Equilibrium in a Competitive Market 594 The Economic Efficiency of Competitive Markets 596 16.3 Equity and Efficiency 597 The Utility Possibilities Frontier 597 Equity and Perfect Competition 599 16.4 Efficiency in Production 600 Input Efficiency 600 The Production Possibilities Frontier 601 Output Efficiency 603 Efficiency in Output Markets 604 16.5 The Gains from Free Trade 605 Comparative Advantage 606 An Expanded Production Possibilities Frontier 607 16.6 An Overview—The Efficiency of Competitive Markets 610 16.7 Why Markets Fail 612 Market Power 612 Incomplete Information 613 Externalities 613 Public Goods 613 Summary 614 Questions for Review 614 Exercises 615 1 7 Markets with Asymmetric Information 617 17.1 Quality Uncertainty and the Market for Lemons 617 The Market for Used Cars 618 implications of Asymmetric Information 620 The Importance of Reputation and Standardization 621 17.2 Market Signaling 623 A Simple Model of Job Market Signaling 624 Guarantees and Warranties 627 17.3 Moral Hazard 628 17.4 The Principal-Agent Problem 630 The Principal-Agent Problem in Private Enterprises 631 The Principal-Agent Problem in Public Enterprises 633 Incentives in the Principal-Agent Framework 635 *17.5 Managerial Incentives in an Integrated Firm 636 Asymmetric Information and Incentive Design in the Integrated Firm 637 Applications 639 17.6 Asymmetric Information in Labor Markets: Efficiency Wage Theory 639 Summary 642 Questions for Review 642 Exercises 643 CONTENTS· xix і 8 Externalities and Public Goods 645 18.1 Externalities 645 Negative Externalities and Inefficiency 646 Positive Externalities and Inefficiency 648 18.2 Ways of Correcting Market Failure 651 An Emissions Standard 652 An Emissions Fee 653 Standards versus Fees 654 Tradeable Emissions Permits 656 Recycling 660 18.3 Stock Externalities 663 Stock Buildup and Its Impact 664 18.4 Externalities and Property Rights 669 Property Rights 669 Bargaining and Economic Efficiency 670 Costly Bargaining — The Role of Strategic Behavior 671 A Legal Solution — Suing for Damages 671 18.5 Common Property Resources 673 18.6 Public Goods 676 Efficiency and Public Goods 677 Public Goods and Market Failure 678 18.7 Private Preferences for Public Goods 680 Summary 682 Questions for Review 683 Exercises 683 The Basics of Regression 687 An Example 687 Estimation 688 Statistical Tests 689 Goodness of Fit 691 Economic Forecasting 691 Summary 694 Glossary 695 Answers to Selected Exercises 711 Photo Credits 723 Index 725 EXAMPLE 1.1 Markets for Prescription Drugs 10 EXAMPLE 1.2 The Market for Sweeteners 11 EXAMPLE 1.3 The Price of Eggs and the Price of a College Education 13 EXAMPLE 1.4 The Minimum Wage 14 xx CONTENTS · EXAMPLE 2.1 The Price of Eggs and the Price of a College Education Revisited 28 EXAMPLE 2.2 Wage Inequality in the United States 29 EXAMPLE 2.3 The Long-Run Behavior of Natural Resource Prices 30 EXAMPLE 2.4 The Effects of 9/11 on the Supply and Demand for New York City Office Space 32 EXAMPLE 2.5 The Market for Wheat 38 EXAM PLE 2.6 The Demand for Gasoline and Automobiles 44 EXAMPLE 2.7 The Weather in Brazil and the Price of Coffee in New York 46 EXAMPLE 2.8 The Behavior of Copper Prices 52 EXAM PLE 2.9 Upheaval in the World Oil Market 54 EXAM PLE 2.10 Price Controls and Natural Gas Shortages 59 EXAMPLE 3.1 Designing New Automobiles (I) 77 EXAMPLE 3.2 Can Money Buy Happiness? 81 EXAMPLE 3.3 Designing New Automobiles (II) 89 EXAMPLE 3.4 A College Trust Fund 91 EXAMPLE 3.5 Revealed Preference for Recreation 94 EXAMPLE 3.6 Marginal Utility and Happiness 97 EXAMPLE 3.7 Gasoline Rationing 98 EXAMPLE 3.8 The Bias in the CPI 105 EXAMPLE 4.1 Consumer Expenditures in the United States 117 EXAMPLE 4.2 The Effects of a Gasoline Tax 123 EXAM PLE 4.3 The Aggregate Demand for Wheat 129 EXAMPLE 4.4 The Demand for Housing 130 EXAMPLE 4.5 The Value of Clean Air 134 EXAMPLE 4.6 Network Externalities and the Demands for Computers and E-Mail 139 EXAMPLE 4.7 The Demand for Ready-to-Eat Cereal 143 EXAMPLE 5.1 Deterring Crime 164 EXAMPLE 5.2 Business Executives and the Choice of Risk 169 EXAMPLE 5.3 The Value of Title Insurance When Buying a House 173 EXAM PLE 5.4 The Value of Information in the Dairy Industry 175 EXAM PLE 5.5 Doctors, Patients, and the Value of Information 175 EXAMPLE 5.6 Investing in the Stock Market 183 EXAMPLE 5.7 New York City Taxicab Drivers 190 EXAMPLE 6.1 Malthus and the Food Crisis 204 EXAMPLE 6.2 Labor Productivity and the Standard of Living 206 EXAMPLE 6.3 A Production Function for Wheat 213 EXAMPLE 6.4 Returns to Scale in the Carpet Industry 217 CONTENTS· xxi EXAMPLE 7.1 Choosing the Location for a New Law School Building 223 EXAMPLE 7.2 Sunk, Fixed, and Variable Costs: Computers, Software, and Pizzas 226 EXAM PLE 7.3 The Short-Run Cost of Aluminum Smelting 232 EXAM PLE 7.4 The Effect of Effluent Fees on Input Choices 239 EXAMPLE 7.5 Economies of Scope in the Trucking Industry 251 EXAMPLE 7.6 The Learning Curve in Practice 255 EXAMPLE 7.7 Cost Functions for Electric Power 258 EXAMPLE 8.1 Condominiums versus Cooperatives in New York City 275 EXAMPLE 8.2 The Short-Run Output Decision of an Aluminum Smelting Plant 282 EXAMPLE 8.3 Some Cost Considerations for Managers 283 EXAMPLE 8.4 The Short-Run Production of Petroleum Products 286 EXAMPLE 8.5 The Short-Run World Supply of Copper 289 EXAMPLE 8.6 Constant-, Increasing-, and Decreasing-Cost Industries: Coffee, Oil, and Automobiles 302 EXAMPLE 8.7 The Long-Run Supply of Housing 304 EXAMPLE 9.1 Price Controls and Natural Gas Shortages 314 EXAMPLE 9.2 The Market for Human Kidneys 317 EXAMPLE 9.3 Airline Regulation 321 EXAMPLE 9.4 Supporting the Price of Wheat 327 EXAMPLE 9.5 The Sugar Quota 333 EXAMPLE 9.6 A Tax on Gasoline 340 EXAMPLE 10.1 Astra-Merck Prices Prilosec 356 EXAMPLE 10.2 Markup Pricing: Supermarkets to Designer Jeans 364 EXAMPLE 10.3 The Pricing of Videos 365 EXAMPLE 10.4 Monopsony Power in U.S. Manufacturing 380 EXAMPLE 10.5 A Phone Call About Prices 384 EXAMPLE 10.6 The United States versus Microsoft 385 EXAMPLE 11.1 The Economics of Coupons and Rebates 400 EXAMPLE 11.2 Airline Fares 402 EXAMPLE 11.3 How to Price a Best-Selling Novel 406 EXAMPLE 11.4 Polaroid Cameras 410 EXAMPLE 11.5 Pricing Cellular Phone Service 411 EXAMPLE 11.6 The Complete Dinner versus á la Carte: A Restaurant s Pricing Problem 422 EXAMPLE 11.7 Advertising in Practice 427 EXAMPLE 12.1 Monopolistic Competition in the Markets for Colas and Coffee 447 EXAMPLE 12.2 A Pricing Problem for Procter & Gamble 460 EXAMPLE 12.3 Procter & Gamble in a Prisoners Dilemma 463 xxii CONTENTS· EXAMPLE 12.4 Price Leadership and Price Rigidity in Commercial Banking 467 EXAMPLE 12.5 The Cartelization of Intercollegiate Athletics 473 EXAMPLE 12.6 The Milk Cartel 474 EXAMPLE 13.1 Acquiring a Company 481 EXAMPLE 13.2 Oligopolistic Cooperation in the Water Meter Industry 492 EXAMPLE 13.3 Competition and Collusion in the Airline Industry 493 EXAMPLE 13.4 Wal-Mart Stores Preemptive Investment Strategy 501 EXAMPLE 13.5 DuPont Deters Entry in the Titanium Dioxide Industry 507 EXAMPLE 13.6 Diaper Wars 508 EXAMPLE 13.7 Auctioning Legal Services 514 EXAMPLE 13.8 Internet Auctions 515 EXAM PLE 14.1 The Demand for Jet Fuel 528 EXAMPLE 14.2 Labor Supply for One- and Two-Earner Households 533 EXAMPLE 14.3 Pay in the Military 537 EXAMPLE 14.4 Monopsony Power in the Market for Baseball Players 541 EXAMPLE 14.5 Teenage Labor Markets and the Minimum Wage 542 EXAMPLE 14.6 The Decline of Private-Sector Unionism 546 EXAMPLE 14.7 Wage Inequality—Have Computers Changed the Labor Market? 547 EXAMPLE 15.1 The Value of Lost Earnings 555 EXAMPLE 15.2 The Yields on Corporate Bonds 559 EXAMPLE 15.3 Capital Investment in the Disposable Diaper Industry 566 EXAMPLE 15.4 Choosing an Air Conditioner and a New Car 569 EXAM PLE 15.5 Should You Go to Business School? 572 EXAMPLE 15.6 How Depletable Are Depletable Resources? 576 EXAMPLE 16.1 The Global Market for Ethanol 588 EXAMPLE 16.2 Trading Tasks and iPod Production 608 EXAMPLE 16.3 The Costs and Benefits of Special Protection 609 EXAMPLE 17.1 Lemons in Major League Baseball 622 EXAMPLE 17.2 Working into the Night 627 EXAMPLE 17.3 Reducing Moral Hazard: Warranties of Animal Health 630 EXAMPLE 17.4 CEO Salaries 632 EXAMPLE 17.5 Managers of Nonprofit Hospitals as Agents 634 EXAMPLE 17.6 Efficiency Wages at Ford Motor Company 641 EXAM PLE 18.1 The Costs and Benefits of Sulfur Dioxide Emissions 649 EXAMPLE 18.2 Reducing Sulfur Dioxide Emissions in Beijing 657 EXAMPLE 18.3 Emissions Trading and Clean Air 658 EXAMPLE 18.4 Regulating Municipal Solid Wastes 662 CONTENTS · xxiii EXAMPLE 18.5 Global Warming 667 EXAMPLE 18.6 The Coase Theorem at Work 672 EXAMPLE 18.7 Crawfish Fishing in Louisiana 674 EXAMPLE 18.8 The Demand for Clean Air 679 EXAM PLE A. 1 The Demand for Coal 693
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genre_facet	Lehrbuch
id	DE-604.BV035053543
illustrated	Illustrated
indexdate	2024-12-20T13:19:00Z
institution	BVB
isbn	9780137133352 0137133359
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-016722173
oclc_num	212893674
open_access_boolean
owner	DE-703 DE-92 DE-91 DE-BY-TUM DE-1050 DE-19 DE-BY-UBM DE-1047 DE-384 DE-20 DE-634 DE-M382 DE-11 DE-573 DE-29
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physical	XXXII, 736 S. zahlr. Ill., graph. Darst.
publishDate	2009
publishDateSearch	2009
publishDateSort	2009
publisher	Pearson Prentice Hall
record_format	marc
series2	Pearson international edition
spellingShingle	Pindyck, Robert S. 1945- Rubinfeld, Daniel L. Microeconomics Mikroökonomie - Lehrbuch Mikroökonomik stw Theorie stw USA stw Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Makroökonomie (DE-588)4037174-8 gnd
subject_GND	(DE-588)4039225-9 (DE-588)4037174-8 (DE-588)4123623-3
title	Microeconomics
title_auth	Microeconomics
title_exact_search	Microeconomics
title_full	Microeconomics Robert S. Pindyck ; Daniel L. Rubinfeld
title_fullStr	Microeconomics Robert S. Pindyck ; Daniel L. Rubinfeld
title_full_unstemmed	Microeconomics Robert S. Pindyck ; Daniel L. Rubinfeld
title_short	Microeconomics
title_sort	microeconomics
topic	Mikroökonomie - Lehrbuch Mikroökonomik stw Theorie stw USA stw Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Makroökonomie (DE-588)4037174-8 gnd
topic_facet	Mikroökonomie - Lehrbuch Mikroökonomik Theorie USA Microeconomics Mikroökonomie Makroökonomie Lehrbuch
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016722173&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT pindyckroberts microeconomics AT rubinfelddaniell microeconomics

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