Titlebook: Microeconomic Theory; Yoshihiko Otani,Mohamed El-Hodiri Textbook 1987 Springer-Verlag Berlin · Heidelberg 1987 economic theory.economics.e

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Yoshihiko Otani,Mohamed El-Hodirihis general setting, specialists try to compute the statistics of phylogenetic measures using methods which are both inexact and very slow..We present for the first time exact and efficient algorithms for computing the mean and the variance of phylogenetic measures when leaf subsets of fixed size ar

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Industry Supply and Industry Equilibrium in a Competitive MarketIn this chapter, we will show how short-run and long-run supply maps for an industry can be derived in a more rigorous fashion than a standard approach in intermediate level textbooks so that short-run and long-run supply maps can be used in analyzing various cases of market equilibrium.

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Duopoly and OligopolyIn this chapter, we will study simple interactions of firms that are few in number and that recognize the influence of each other’s actions on the outcome of their own actions.

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Demandtment of sensitivity of quantities demanded to changes in prices. We further present an introduction to the partial converse of the above question, i.e. given that demand functions are derived from utility functions, can we recover these utility functions?

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Price Taking Firmsrt run profit maximization. We will obtain the basic properties of the short run profit functions, short run output supply functions and short run derived demand functions for variable inputs. Finally we ill note the duality between production functions and profit functions.

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Monopolyhave a close substitute to that seller’s product. The sources of monopoly power could be institutional, historical, technological or they could be based on the nature of the demand for the product. We will simply take that power to be a given in our analysis.

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978-3-540-17994-8Springer-Verlag Berlin · Heidelberg 1987