We investigate long-run earnings responses to taxes in the presence of dynamic returns to effort. First, we develop a theoretical model of earnings determination with dynamic returns to effort. In this model, earnings responses are delayed and mediated by job switches. Second, using...

This paper looks back on the 25-year history of the ECB Survey of Professional Forecasters (SPF). Since its launch in the first quarter of 1999, it has served as an important input for policymaking and analysis, especially over the past five years, where the euro area has, following a period of...

Previous research has investigated some of the relationships among brand parity (BP), brand image (BI), brand satisfaction (BS), and brand loyalty (BL). However, there is not a model investigating all of them in a single conceptual model. Based on information processing theory, the first aim of...

Previous research has investigated some of the relationships among brand parity (BP), brand image (BI), brand satisfaction (BS), and brand loyalty (BL). However, there is not a model investigating all of them in a single conceptual model. Based on information processing theory, the first aim of...

The objective of the article is to construct a mathematical model of partial equilibrium in competitive markets with heterogeneous economic agents. On one hand, consumers with Cobb - Douglas preferences, perfect substitute goods, quasilinear and Stone - Geary preferences are considered, in...

Introduction Health economics is a thriving sub‑discipline of economics. Applied health economics research is con‑ sidered essential in the health care sector and is used extensively by public policy makers. For scholars, it is important to understand the history and status of health...

The objective of the article is to construct a mathematical model of partial equilibrium in competitive markets with heterogeneous economic agents. On one hand, consumers with Cobb - Douglas preferences, perfect substitute goods, quasilinear and Stone - Geary preferences are considered, in...

Pricing is one of the components of ensuring competitive conditions in the market: it has its own specificity in the healthcare market, which is characterized by various forms of operation of enterprises, access to goods and services. The purpose of the study was to investigate the methods and...

Taxation plays a crucial role in microeconomics, as it directly impacts individuals, businesses, and the overall functioning of markets. We will explore the principles, objectives, and effects of taxation in the context of microeconomics

Purpose - Since the core issue of Chinese economics is to elucidate the logical relationship between socialism and the market economy, it necessitates a robust foundation for microeconomic analysis to uncover the behavioral patterns and characteristics of microeconomic agents in a socialist...

Managerial and Business Economics (ME/BE) aims at using quantitative and computational methods to make an efficient (ideally optimal) assignment of the scarce resources owned by firms and organizations. In the current global market, characterized by a fierce competition, an optimal use of the...

"Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and...

"Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and...

Economics and Sustainability of Italian performing arts When Orpheus and Eurydice streamed out of the hell and Charon was not in the need -- Marketing fundraising branding and social media in Italian Museums the impact on earned income before during and after the turbulence -- The training of...

"Advanced Microeconomics presents microeconomic problems in an intuitive way. Using lucid narratives to build upon students' initial understanding of economics and economic reality, equations and diagrams are incorporated to provide accessibility to students with a basic level of calculus to...

Introduction to microeconomics -- Part I: markets and government -- Supply and demand -- Economic efficiency, market failure, and the role of government -- Elasticity -- Consumer choice -- Part II: theory of the firm -- Production, cost, and profit -- Perfect competition -- Monopoly -- Oligopoly...

Chapter 1. Introduction. Scarcity, opportunity cost, and comparative advantage -- Chapter 2. Supply, demand, and equilibrium -- Chapter 3. Consumer surplus and producer surplus -- Chapter 4. Elasticity -- Chapter 5. Government intervention: price ceilings, price floors, and taxes -- Chapter 6....

Die Volkswirtschaftslehre hat sich in den vergangenen Jahrzehnten zunehmend einseitig an neoklassischen Modellen ausgerichtet, was sich auch in den volkswirtschaftlichen Lehrbüchern widerspiegelt. Der Anspruch der vorliegenden Einführung ist es, diese Einseitigkeit zu überwinden, indem sie...

Two systems in the brain that are involved in emotional and economic decision-making are described. The first is an evolutionarily old emotion-based system that operates on rewards defined by the genes such as food, warmth, social reputation, and having children. Such decisions are often based...

Two systems in the brain that are involved in emotional and economic decision-making are described. The first is an evolutionarily old emotion-based system that operates on rewards defined by the genes such as food, warmth, social reputation, and having children. Such decisions are often based...

Empirically, financialisation analysis can be addressed from either a macroeconomic or micr oeconomic perspective. In aggregate terms, the former implies observing the growing influence exerted by financial transactions, overly dominant financial markets and alterations to industrial economy...

A growing literature uses now widely available data on beliefs and expectations in the estimation of structural models. In this chapter, we review this literature, with an emphasis on models of individual and household behavior. We first show how expectations data have been used to relax strong...

»The Formation of Business Cycle Research in the Early 20th Century«: The formation of research on macroeconomic fluctuations in the early 20th century was characterised by a debate on key questions: is the business cycle a problem of applied economic theory, or does it require a fundamentally...

Empirically, financialisation analysis can be addressed from either a macroeconomic or micr oeconomic perspective. In aggregate terms, the former implies observing the growing influence exerted by financial transactions, overly dominant financial markets and alterations to industrial economy...

Using a large dataset of US investors and their portfolio startups, we analyze the phenomenon of micro VC investors, that is, VC firms managing funds smaller than $50 million. We show that investments by micro VCs have increased at a much steeper rate than those by traditional VCs during...

Here are fifteen computer-based exercises in microeconomics. The first seven exercises correspond to basic concepts from an introductory course on the subject: production possibilities, supply and demand, product-market structures, public goods. The other eight exercises apply some of these...

Economics instructors are often looking for new content to improve student engagement and motivation in the classroom. The Netflix Original series Cowboy Bebop provides an additional option to instructors. The TV show offers excellent examples of microeconomics concepts (e.g., opportunity cost,...

This paper takes up the matter of quality choice in undergraduate microeconomics and is divided into two sections. The first develops a conceptual framework underlying a linear demand structure for quality-differentiated goods. The second section incorporates a quality-differentiated demand...