A Commentary on Distribution-Channels Modeling -- The Bilateral-Monopoly Model and Channel Myths -- Multiple (Exclusive) Retailers -- Multiple (Exclusive) States-of-Nature -- Toward a Manufacturer-Optimal Per-Unit Fee: A Channel-Coordinating Quantity-Discount Schedule -- The Manufacturer-Optimal Two-Part Tariff -- The Channel-Coordinating Menu -- Coordination versus Maximization: Theoretical An…
The Domain of New Institutional Economics -- Institutions and the Performance of Economies Over Time -- The Institutional Structure of Production -- Transaction Cost Economics -- Political Institutions and the State -- Electoral Institutions and Political Competition -- Presidential versus Parliamentary Government -- Legislative Process and the Mirroring Principle -- The Performance and Stabili…
This volume contains papers that provide an analysis of topics in the following areas: Agent Based Models, Non-linear Time Series Analysis, Financial Market Dynamics, Econo-physics, Deterministic Chaos, Macroeconomic Dynamics. Economics: Complex Windows, does not present contributions to the sterile debate as to the merits of the different grand, or potentially grand paradigms of economics. Rat…
to Performance Evaluation -- Performance Evaluation in Single-Period/Single-Agent Settings -- Optimal Contracts -- Ex Post Performance Measures -- Linear Contracts -- Multiple Tasks and Multiple Performance Measures -- Stock Prices and Accounting Numbers as Performance Measures -- Private Agent Information and Renegotiation in Single-Period/Single-Agent Settings -- Post-Contract, Pre-Decision I…
Introduction: Needs, Stakeholders, and Government Initiatives -- An Introduction to Catastrophe Models and Insurance -- The Risk Assessment Process: The Role of Catastrophe Modeling in Dealing with Natural Hazards -- Sources, Nature, and Impact of Uncertainties on Catastrophe Modeling -- Use of Catastrophe Models in Insurance Rate Making au]Dennis^Kuzak -- Insurance Portfolio Management -- Risk…
Competition, Welfare, and Competition Policy -- In What Sense is the Nash Solution Fair? -- Utility Invariance in Non-Cooperative Games -- Compensated Demand and Inverse Demand Functions: A Duality Approach -- Shadow Prices for a Nonconvex Public Technology in the Presence of Private Constant Returns -- A Glance at Some Fundamental Public Economics Issues Through a Parametric Lens -- Rent Seeki…
Introduction -- Firms and Production -- Households and Consumption -- Market Equilibrium (1) -- Market Equilibrium (2) -- Perfect and Imperfect Competition -- Optimal Allocation of Resources -- Market Failures -- Optimal Income Distribution -- Microeconomic Foundations of Macroeconomics. This book aims to explain to the readers the basic idea of the general equilibrium theory, which forms th…
Competition, Universal Service and the Graveyard Spiral -- Will Entrants into a Liberalized Delivery Market Attract Investors -- Liberalization and Regulation of the Swiss Letter Market -- The Financial Equilibrium of Universal Service Providers in a Liberalized Postal Market -- Barriers to Entry in Post and Regulatory Responses -- Competition and the Coverage of Price Controls in the Postal Se…