Intermediate microeconomics: a modern approach
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
New York ; London
W.W. Norton & Company
[2014]
|
| Ausgabe: | Ninth edition, [international student edition] |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027270611&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | XXV, 758, A40 Seiten Diagramme |
| ISBN: | 9780393123968 9780393919677 9780393920772 |
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| adam_text | Titel: Intermediate microeconomics
Autor: Varian, Hal R
Jahr: 2014
CONTENTS Preface xix 1 The Market Constructing a Model 1 Optimization and Equilibrium 3 The Demand Curve 3 The Supply Curve 5 Market Equilibrium 7 Comparative Statics 9 Other Ways to Allocate Apartments 11 The Discriminating Monopolist • The Ordinary Monopolist • Rent Control • Which Way Is Best? 14 Pareto Efficiency 15 Comparing Ways to Allocate Apartments 16 Equilibrium in the Long Run 17 Summary 18 Review Questions 19 2 Budget Constraint The Budget Constraint 20 Two Goods Are Often Enough 21 Properties of the Budget Set 22 How the Budget Line Changes 24 The Numeraire 26 Taxes, Subsidies, and Rationing 26 Example: The Food Stamp Program Budget Line Changes 31 Summary 31 Review Questions 32
VIII CONTENTS 3 Preferences Consumer Preferences 34 Assumptions about Preferences 35 Indifference Curves 36 Examples of Preferences 37 Perfect Substitutes • Perfect Complements • Bads • Neutrals • Satiation • Discrete Goods • Well-Behaved Preferences 44 The Marginal Rate of Substitution 48 Other Interpretations of the MRS 50 Behavior of the MRS 51 Summary 52 Review Questions 52 4 Utility Cardinal Utility 57 Constructing a Utility Function 58 Some Examples of Utility Functions 59 Example: Indifference Curves from Utility Perfect Substitutes • Perfect Complements • Quasilinear Preferences • Cobb-Douglas Preferences • Marginal Utility 65 Marginal Utility and MRS 66 Utility for Commuting 67 Summary 69 Review Questions 70 Appendix 70 Example: Cobb-Douglas Preferences 5 Choice Optimal Choice 73 Consumer Demand 78 Some Examples 78 Perfect Substitutes • Perfect Complements • Neutrals and Bads • Discrete Goods • Concave Preferences • Cobb-Douglas Preferences • Estimating Utility Functions 83 Implications of the MRS Condition 85 Choosing Taxes 87 Summary 89 Review Questions 89 Appendix 90 Example: Cobb-Douglas Demand Functions 6 Demand Normal and Inferior Goods 96 Income Offer Curves and Engel Curves 97 Some Examples 99 Perfect Substitutes • Perfect Complements • Cobb-Douglas Preferences • Homothetic Preferences • Quasilinear Preferences • Ordinary Goods and Giffen Goods 104 The Price Offer Curve and the Demand Curve 106 Some Examples 107 Perfect Substitutes * Perfect Complements • A Discrete Good • Substitutes and Complements 111 The Inverse Demand Function 112 Summary 114 Review Questions 115 Appendix 115
CONTENTS IX 7 Revealed Preference The Idea of Revealed Preference 119 Prom Revealed Preference to Preference 120 Recovering Preferences 122 The Weak Axiom of Revealed Preference 124 Checking WARP 125 The Strong Axiom of Revealed Preference 128 How to Check SARP 129 Index Numbers 130 Price Indices 132 Example: Indexing Social Security Payments Summary 135 Review Questions 135 8 Slutsky Equation The Substitution Effect 137 Example: Calculating the Substitution Effect The Income Effect 141 Example: Calculating the Income Effect Sign of the Substitution Effect 142 The Total Change in Demand 143 Rates of Change 144 The Law of Demand 147 Examples of Income and Substitution Effects 147 Example: Rebating a Tax Example: Voluntary Real Time Pricing Another Substitution Effect 153 Compensated Demand Curves 155 Summary 156 Review Questions 157 Appendix 157 Example: Rebating a Small Tax 9 Buying and Selling Net and Gross Demands 160 The Budget Constraint 161 Changing the Endowment 163 Price Changes 164 Offer Curves and Demand Curves 167 The Slutsky Equation Revisited 168 Use of the Slutsky Equation 172 Example: Calculating the Endowment Income Effect Labor Supply 173 The Budget Constraint • Comparative Statics of Labor Supply 174 Example: Overtime and the Supply of Labor Summary 178 Review Questions 179 Appendix 179
X CONTENTS 10 Intertemporal Choice The Budget Constraint 182 Preferences for Consumption 185 Comparative Statics 186 The Slutsky Equation and Intertemporal Choice 187 Inflation 189 Present Value: A Closer Look 191 Analyzing Present Value for Several Periods 193 Use of Present Value 194 Example: Valuing a Stream of Payments Example: The True Cost of a Credit Card Example: Extending Copyright Bonds 198 Example: Installment Loans Taxes 200 Example: Scholarships and Savings Choice of the Interest Rate 201 Summary 202 Review Questions 202 11 Asset Markets Rates of Return 203 Arbitrage and Present Value 205 Adjustments for Differences among Assets 205 Assets with Consumption Returns 206 Taxation of Asset Returns 207 Market Bubbles 208 Applications 209 Depletable Resources • When to Cut a Forest • Example: Gasoline Prices during the Gulf War Financial Institutions 213 Summary 214 Review Questions 215 Appendix 215 I 12 Uncertainty Contingent Consumption 217 Example: Catastrophe Bonds Utility Functions and Probabilities 222 Example: Some Examples of Utility Functions Expected Utility 223 Why Expected Utility Is Reasonable 224 Risk Aversion 226 Example: The Demand for Insurance Diversification 230 Risk Spreading 230 Role of the Stock Market 231 Summary 232 Review Questions 232 Appendix 233 Example: The Effect of Taxation on Investment in Risky Assets 13 Risky Assets Mean-Variance Utility 236 Measuring Risk 241 Counterparty Risk 243 Equilibrium in a Market for Risky Assets 243 How Returns Adjust 245 Example: Value at Risk Example: Ranking Mutual Funds Summary 249 Review Questions 250
CONTENTS XI 14 Consumer s Surplus Demand for a Discrete Good 252 Constructing Utility from Demand 253 Other Interpretations of Consumer’s Surplus 254 From Consumer’s Surplus to Consumers’ Surplus 255 Approximating a Continuous Demand 255 Quasilinear Utility 255 Interpreting the Change in Consumer’s Surplus 256 Example: The Change in Consumer’s Surplus Compensating and Equivalent Variation 258 Example: Compensating and Equivalent Variations Example: Compensating and Equivalent Variation for Quasilinear Preferences Producer’s Surplus 262 Benefit-Cost Analysis 264 Rationing • Calculating Gains and Losses 266 Summary 267 Review Questions 267 Appendix 268 Example: A Few Demand Functions Example: CV, EV, and Consumer’s Surplus 15 Market Demand From Individual to Market Demand 270 The Inverse Demand Function 272 Example: Adding Up “Linearâ€
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | Ninth edition, [international student edition] |
| format | Book |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-20T16:55:53Z |
| institution | BVB |
| isbn | 9780393123968 9780393919677 9780393920772 |
| language | English |
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| physical | XXV, 758, A40 Seiten Diagramme |
| publishDate | 2014 |
| publishDateSearch | 2014 |
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| publisher | W.W. Norton & Company |
| record_format | marc |
| spellingShingle | Varian, Hal R. 1947- Intermediate microeconomics a modern approach Microeconomics Microeconomics / Problems, exercises, etc. Mikroökonomie (DE-588)4039225-9 gnd |
| subject_GND | (DE-588)4039225-9 (DE-588)4123623-3 |
| title | Intermediate microeconomics a modern approach |
| title_auth | Intermediate microeconomics a modern approach |
| title_exact_search | Intermediate microeconomics a modern approach |
| title_full | Intermediate microeconomics a modern approach Hal R. Varian, University of California at Berkeley |
| title_fullStr | Intermediate microeconomics a modern approach Hal R. Varian, University of California at Berkeley |
| title_full_unstemmed | Intermediate microeconomics a modern approach Hal R. Varian, University of California at Berkeley |
| title_short | Intermediate microeconomics |
| title_sort | intermediate microeconomics a modern approach |
| title_sub | a modern approach |
| topic | Microeconomics Microeconomics / Problems, exercises, etc. Mikroökonomie (DE-588)4039225-9 gnd |
| topic_facet | Microeconomics Microeconomics / Problems, exercises, etc. Mikroökonomie Lehrbuch |
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Inhaltsverzeichnis
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Teilbibliothek Stammgelände, Lehrbuchsammlung
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0003 WIR 020f 2006 L 217(9)
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1002 WIR 020f 2006 A 1382(9)
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