Price theory and applications:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Englewood Cliffs, NJ
Prentice Hall
1988
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| Edition: | 4. ed. |
| Series: | Prentice-Hall international editions
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 563 S. graph. Darst. |
| ISBN: | 013699752X 0136983340 |
Staff View
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| 245 | 1 | 0 | |a Price theory and applications |c Jack Hirshleifer |
| 250 | |a 4. ed. | ||
| 264 | 1 | |a Englewood Cliffs, NJ |b Prentice Hall |c 1988 | |
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Record in the Search Index
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| adam_text | Titel: Price theory and applications
Autor: Hirshleifer, Jack
Jahr: 1988
CONTEN
m^m
,
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Preface ix
PART ONE: INTRODUCTION_______________________________________________________
CORE CHAPTER
1 The Nature and Scope of Economics 1
l.A Economics as a Social Science 4
l.B The Invisible Hand 14
1 .C Elements of the Economic System, and the Circular Flow of Economic
Activity 15
l.D Microeconomics and Macroeconomics 18
PART TWO: PREFERENCE, CONSUMPTION, AND DEMAND___________________________
CORE CHAPTER
2 Working Tools 23
2.A Equilibrium: Supply-Demand Analysis 25
2.B The Optimization Procedure: Total, Average, and Marginal Magnitudes 41
CORE CHAPTER
3 Utility and Preference 55
3.A The Decision Problem of The Individual 56
3.B Laws of Preference 56
3.C Utility, Preference, and Rational Choice 59
3.D Utility: Cardinal or Ordinal Magnitude? 60
3.E Characteristics of Indifference Curves for Goods 66
3.F Goods, Bads, and Neuters 69
3.G The Sources and Content of Preferences 73
CORE CHAPTER
4 Consumption and Demand 77
4.A The Optimum of the Consumer 78
4.B Complements and Substitutes 89
4.C How the Consumer s Optimum Varies in Response to Changing
Opportunities 92
4.D Income and Substitution Effects of a Price Change 105
4.E From Individual Demand to Market Demand 107
4.F An Application: Subsidy versus Voucher 108
CORE CHAPTER
5 Applications and Extensions of Demand Theory 115
5.A The Engel Curve and the Income Elasticity of Demand 117
5.B The Demand Curve and the Price Elasticity of Demand 122
5.C The Cross-Elasticity of Demand 125
5.D An Application: Fitting a Demand Curve 126
5.E Determinants of Responsiveness of Demand to Price 133
5.F An Application: Giffen Good 135
5.G Multiple Constraints 136
5.H The New Theory of Consumption 145
*5.l An Application: Index Numbers 145
*5J The Income-Compensated Demand Curve 152
PART THREE: THE FIRM AND THE INDUSTRY________________________________________
CORE CHAPTER
6 The Business Firm 159
6.A Firms and the Circular Flow of Economic Activity 160
iv CONTENTS
6.B Why Firms? Entrepreneur, Owner, Manager 161
6.C The Goal of the Firm 163
6.D The Optimum of the Competitive Firm 167
6.E Short Run versus Long Run 177
6.F Rising Costs and Diminishing Returns 181
*6.G An Application: Peak versus Off-Peak Operations 184
CORE CHAPTER
7 Equilibrium in the Product Market-Competitive Industry 191
7.A From Firm Supply to Market Supply: The Short Run 192
7.B Long-Run and Short-Run Supply 195
7.C Determinants of the Industry s Supply Function 199
7.D Firm Survival and the Zero-Profit Theorem 202
7.E The Benefits of Exchange: Consumer Surplus and Producer
Surplus 204
7.F An Application of Supply and Demand: Managing a Shortage 212
CORE CHAPTER
8 Monopoly 221
8.A Monopoly and Nonprofit Goals 222
8.B Monopoly Profit-Maximizing Optimum 223
8.C Monopoly and Economic Efficiency 233
8.D Regulation of Monopoly 237
8.E Monopolistic Price Discrimination 240
*8.F An Application: Intra-Company Pricing 246
8.G Cartels 251
SUPPLEMENTARY CHAPTER
9 Product as a Variable 261
9.A Optimal Product Assortment: Monopoly 262
9.B Monopolistic Competition 266
9.C Equilibrium Quality Level: Competition and Monopoly 270
9.D An Application: Suppression of Inventions 274
SUPPLEMENTARY CHAPTER
10 Oligopoly and Strategic Behavior 281
10.A Strategic Behavior: The Theory of Games 282
Contents
10.B Homogeneous Products 286
10.C Heterogeneous Products 291
10.D Oligopoly and Collusion 297
PART FOUR: FACTOR MARKETS AND INCOME DISTRIBUTION
CORE CHAPTER
11 Demand for Factors of Production 303
11.A Single Variable Factor 304
*11 .B Several Variable Factors 315
ll.C Industry Demand for Factors 331
11 .D Monopsony in the Factor Market 333
ll.E An Application: Minimum-Wage Laws 336
CORE CHAPTER
12 Resource Supply and Factor-Market Equilibrium 345
12.A The Optimum of the Resource-Owner 347
12.B An Application: The Negative Income Tax Proposal 353
12.C Resource Supply to the Market, and Factor-Market Equilibrium 356
12.D Monopolies and Cartels in Factor Supply 360
12.E The Functional Distribution of Income 366
12.F Capital versus Income: The Rate of Interest 373
12.G Economic Rent and Producer Surplus 376
12.H Capital, Intertemporal Choice, and the Circular Flow 378
PART FIVE: EXCHANGE___________________________________________________________
CORE CHAPTER
13 Exchange, Transaction Costs, and Money 385
13.A Pure-Exchange Equilibrium: The Edgeworth Box 387
13.B Supply and Demand in Pure Exchange 392
13.C Exchange and Production 396
13.D Imperfect Markets: Costs of Exchange 403
13.E The Role of Money 416
vi CONTENTS
PART SIX: ECONOMICS AND TIME
SUPPLEMENTARY CHAPTER
14 The Economics of Time: Saving, Investment, and Interest 425
14.A Consumption and Production Over Time 426
14.B Investment Decisions and the Present-Value Rule 435
*14.C An Application: The Economics of Exhaustible
Resources 442
14.D Sources of Variation in Interest Rates 446
14.E Real Interest and Money Interest: Allowing for Inflation 450
14.F Determinants of Interest Rates 454
PART SEVEN: POLITICAL ECONOMY________________________________________________
SUPPLEMENTARY CHAPTER
15 Welfare Economics: The Theory of Economic Policy 459
15.A Goals of Economic Policy 460
15.B The Theorem of the Invisible Hand 467
15.C What Can Go Wrong? Almost Everything! 470
15.D Public Goods 478
15.E Appropriative Activity or Rent-Seeking 482
15.F Welfare Economics: Conclusion 486
SUPPLEMENTARY CHAPTER
16 Political Economy 491
16.A The Public-Choice State and Its Imperfections 493
16.B Voluntary Provision of Public Goods 505
16.C Bureaucracy 511
16.D Political Conflict 513
16.E Growth of Government 522
Answers 527
Index of Names 555
Index of Topics 558
Contents VII
|
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| discipline | Wirtschaftswissenschaften |
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| indexdate | 2024-07-09T15:38:32Z |
| institution | BVB |
| isbn | 013699752X 0136983340 |
| language | English |
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| physical | XII, 563 S. graph. Darst. |
| publishDate | 1988 |
| publishDateSearch | 1988 |
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| publisher | Prentice Hall |
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| series2 | Prentice-Hall international editions |
| spelling | Hirshleifer, Jack 1925-2005 Verfasser (DE-588)108011127 aut Price theory and applications Jack Hirshleifer 4. ed. Englewood Cliffs, NJ Prentice Hall 1988 XII, 563 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Prentice-Hall international editions Microéconomie Microéconomie ram Microeconomics Mikroökonomie (DE-588)4039225-9 gnd rswk-swf Preistheorie (DE-588)4115623-7 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Preistheorie (DE-588)4115623-7 s DE-604 Mikroökonomie (DE-588)4039225-9 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=001300137&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hirshleifer, Jack 1925-2005 Price theory and applications Microéconomie Microéconomie ram Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Preistheorie (DE-588)4115623-7 gnd |
| subject_GND | (DE-588)4039225-9 (DE-588)4115623-7 (DE-588)4143413-4 |
| title | Price theory and applications |
| title_auth | Price theory and applications |
| title_exact_search | Price theory and applications |
| title_full | Price theory and applications Jack Hirshleifer |
| title_fullStr | Price theory and applications Jack Hirshleifer |
| title_full_unstemmed | Price theory and applications Jack Hirshleifer |
| title_short | Price theory and applications |
| title_sort | price theory and applications |
| topic | Microéconomie Microéconomie ram Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Preistheorie (DE-588)4115623-7 gnd |
| topic_facet | Microéconomie Microeconomics Mikroökonomie Preistheorie Aufsatzsammlung |
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