The Short Run Approach To Long Run Equilibrium In Competitive Markets
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The Short Run Approach To Long Run Equilibrium In Competitive Markets
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Author : Anthony Horsley
language : en
Publisher: Springer
Release Date : 2016-10-19
The Short Run Approach To Long Run Equilibrium In Competitive Markets written by Anthony Horsley and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-19 with Business & Economics categories.
The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of valuing the fixed assets—in this case, the river flows and the geological sites suitable for reservoirs. Its main mathematical basis is the producer’s short-run profit maximization programme and its dual; their solutions have relatively simple forms that can greatly ease the fixed-point problem of solving for the general equilibrium. Since the optimal values (profit and cost functions) are usually nondifferentiable—this is so when there are joint costs of production such as capacity constraints—nonsmooth calculus is employed to resolve long-standing discrepancies between textbook theory and industrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem.
Modern Economics An Analytical Study 20th Edition
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Author : Ahuja H.L.
language : en
Publisher: S. Chand Publishing
Release Date : 2016
Modern Economics An Analytical Study 20th Edition written by Ahuja H.L. and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field.
Problem Solving In Economics A Quantitative Approach
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Author : Monojit Chatterji
language : en
Publisher: World Scientific
Release Date : 2023-08-29
Problem Solving In Economics A Quantitative Approach written by Monojit Chatterji and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-29 with Business & Economics categories.
This book reinforces an understanding of Economics by showing how basic mathematics is used to construct models of the economy. By taking wide-ranging examples drawn for virtually all areas of economics, it shows how model-building is an indispensable aid to understanding economics.The mathematical techniques used in the book are fairly rudimentary — optimisation methods and equation-solving are the primary tools used. A brief explanation of constrained optimisation using Lagrange multipliers is provided. Throughout, the emphasis is on how these techniques are fruitfully deployed in constructing economic models and solving economic problems. It bridges the gap between mathematical analysis and economic logic. For readers, it builds confidence in constructing their own models for purposes of analysis. The book is well-suited for self-study.
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Author :
language : en
Publisher: Arihant Publications India limited
Release Date :
written by and has been published by Arihant Publications India limited this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Advanced Economic Theory Lpspe
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Author : HL Ahuja
language : en
Publisher: S. Chand Publishing
Release Date : 2019
Advanced Economic Theory Lpspe written by HL Ahuja and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
This authoritative and comprehensive text is an advanced treatise on microeconomics. Featuring simplified mathematical treatment, the book covers a wide spectrum of theories and concepts aimed at effective understanding of advanced economic theory. This revised edition explores further the concept of economic efficiency and the concept of utility and its critique by Prof. Amartya Sen. It further includes an incisive analysis of Hicksian and Slutsky substitution effect. The revision also includes important distinctions and critical analysis of several functions expositing the latest developments in the field.
Modern Microeconomics Theory And Applications 19th Edition
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Author : Ahuja H.L.
language : en
Publisher: S. Chand Publishing
Release Date : 2022-01-03
Modern Microeconomics Theory And Applications 19th Edition written by Ahuja H.L. and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-03 with Business & Economics categories.
The nineteenth edition of Modern Microeconomics continues to provide a detailed understanding of the foundations of microeconomics. While it provides a solid foundation for economic analysis, it also lucidly explains the mathematical derivations of various microeconomic concepts. This textbook would be extremely useful for the students of economics.
Business Economics
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Author : HL Ahuja
language : en
Publisher: S. Chand Publishing
Release Date :
Business Economics written by HL Ahuja and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
The book provides conceptual understanding of essential concepts in business life. It details the foundations of business economics with special emphasis on demand analysis and consumer behaviour. It also discusses analysis of production and cost of the firm, market structures and pricing of products, factor pricing and income distribution and concludes with the discussion of capital budgeting. Based on the authors extensive teaching experience, the book champions a collaborative approach to delivering an appropriate textbook that is curriculum relevant.
Economic Growth And Sustainable Development
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Author : Peter N. Hess
language : en
Publisher: Routledge
Release Date : 2016-05-26
Economic Growth And Sustainable Development written by Peter N. Hess and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-26 with Business & Economics categories.
Economic growth, reflected in increases in national output per capita, makes possible an improved material standard of living and the alleviation of poverty. Sustainable development, popularly and concisely defined as ‘meeting the needs of the present generations without compromising the ability of future generations to meet their needs,' directly addresses the utilization of natural resources, the state of the environment, and intergenerational equity. Now in its second edition, Economic Growth and Sustainable Development features expanded discussion of income distribution, social capital and the insights of behavioural economics for climate change mitigation. Boxed case studies have been added which explore the impact of economic growth on people and countries in both the developed and developing world. This text addresses the following fundamental questions: What causes economic growth? Why do some countries grow faster than others? What accounts for the extraordinary growth in the world’s population over the past two centuries? What are the current trends in population and will these trends continue? How do we measure sustainable development and is sustainable development compatible with economic growth? Why is climate change the greatest market failure of all time? What can be done to mitigate climate change and global warming? With a blend of formal models, empirical evidence, history and policy, this text provides a coherent and comprehensive treatment of economic growth and sustainable development. It is suitable for those who study development economics, sustainable development and ecological economics.
Intermediate Microeconomics
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Author : Steve Erfle
language : en
Publisher: SAGE Publications
Release Date : 2017-09-14
Intermediate Microeconomics written by Steve Erfle and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-14 with Business & Economics categories.
The overarching premise of this text is that microeconomics is most effectively learned in an active learning, interactive environment. Students have access to more than 200 Interactive Excel Figures in the online text that allow them to move the graphs using sliders and click boxes. This interactivity helps students understand how graphic elements relate to one another. These files do not require knowledge of Excel. More figures than are typical and many of the figures involve multiple scenarios of the same basic graph. Often the text employs interactive questions that require interpreting these scenarios; questions posed are answered at the bottom of the page. Despite the geometric orientation this text is not light on algebraic analysis. The geometry is backed up by the relevant algebra. More than 500 equations are numbered for easy reference both within and across chapters. And, just like the geometry, the algebra is essentially error-free because it was used to create the graphs. The geometric orientation is perfect for the non-calculus enhanced classroom but the text can be readily used in a calculus-based class because a calculus treatment of the material is provided in appendices and endnotes, and calculus-based problems are included in the Intermediate Microeconomics: An Interactive Approach Workbook.
The Blackwell Dictionary Of Modern Social Thought
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Author : William Outhwaite
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
The Blackwell Dictionary Of Modern Social Thought written by William Outhwaite and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Social Science categories.
Modern social thought ranges widely from the social sciences to philosophy, political theories and doctrines, cultural ideas and movements, and the influence of the natural sciences. Provides an authoritative overview of the main themes of social thought. Long essays and entries give full coverage to each topic. Covers major currents of thought, philosophical and cultural trends, and the individual social sciences from anthropology to welfare economics. New edition updates about 200 entries and includes new entries, suggestions for further reading, and a bibliography of all sources cited within the text.