This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades. Principal sections include essays on stability and disequilibrium, welfare economics and consumer theory, and applications of microeconomics. Topics include the decision whether or not to use statistical methods to adjust the census, and the economics of water in the Middle East, as well as the effect of computer reservations systems on airlines and the theory of united fund drives by charities. An autobiographical essay serves as an epilogue.
This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades. Principal secti...
This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input. The authors treat separately the different production units: the firm, the industry, and the economy, as well as the different forms of industrial organization: monopoly, monopsony, and competition. Only in the simplest cases is the appropriate theory isomorphic to that of the cost-of-living index because of the interlinkages among the various production units. A firm cannot always assume that the behaviour of its competitors,...
This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real outp...
The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The first step in such a foundation is a theory of stability, and this book is primarily concerned with that subject. The author first reviews the older literature on the stability of general equilibrium and goes on to consider a more satisfactory general model in which agents realize that they are in disequilibrium and act on arbitrage opportunities. Topics explored along the way include optimal...
The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, ...
Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation s known oil resources would be reduced to...
Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petr...
Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation s known oil resources would be reduced to...
Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petr...
