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...

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...

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...

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...

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...

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....

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...

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...

Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...

Development of transport infrastructure is of paramount importance for the economy of the EDB countries in light of their territory and the location of the main facilities. Development of the domestic railway and port infrastructure, the creation of transcontinental Eurasian transport corridors,...

This research tries to go deeply in the application of multidimensional graph(s) in microeconomics. We are divided into three large sections this research followed by: (i) the visualization of demand and supply curves from a multidimensional perspective; (ii) the visualization of indifference...

We discuss properties and pitfalls of panel-data event study designs. We derive three main results. First, assuming constant treatment effects before and/or after some event time, also known as binning, is a natural restriction imposed on theoretically infinite effect windows. Binning identifies...

"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...

"Presents study tools for the advanced placement exams in microeconomics in a five-step plan, providing diagnostic exams, subject reviews and exercises, tips and strategies, and sample tests with explained answers."

"Essentials of Microeconomics is an excellent introduction to microeconomics. It presents the basic tools of microeconomics clearly and concisely. It presents a vigorous treatment of all relevant introductory microeconomic concepts, and emphasizes on modern economics - game theory and imperfect...

"Price Theory and Applications challenges students to master the economic way of understanding the world, with equal emphasis on intuition and precise logic, and special emphasis on the interplay between them. The writing is inviting, humorous, and sometimes folksy, without sacrificing the...

This book uses economic theory to explain how consumers and producers have responded to major changes in the music industry. Byun examines the important role of technology in changing its structure, particularly as new methods of creating and accessing music prove to be a double-edged sword for...

This Element offers a review and synthesis of the theoretical analysis of mixed oligopoly, that is a hybrid market structure in which public (state-owned) and private firms interact, using a variety of strategic variables. A distinguishing feature of a mixed oligopoly is that firms have...

"Gary Becker once wrote a periodic column for Business Week, and, in the December 29, 1997 issue, his column was entitled "Why Every Married Couple Should Sign a Contract." Becker argues, roughly, that marriage, a complex contractual arrangement (subject to dissolution), should be fine-tuned to...