Given the observed frequency of price changes in the microeconomic
data, our theoretical model predicts a real exchange rate volatility curve.
We see The Economics of the Digital Markets as essential reading for scholars in microeconomics
and industrial organisations interested in developing and applying innovative digital market models.
According to the 'New Economy' story the program of microeconomic
reform that began with the floating of the Australian dollar in 1983 has, after some initial disruption, produced a new, more flexible and more productive Australian economy.
Economics at Canterbury had a strong focus on microeconomics
with the arrival of Bert Brownlie in the Chair and it's very gratifying that the bulk of John's work is in this area.
It is interesting to note that if a similar methodology were adopted in developing the theory of microeconomic
demand, the resulting curve would also have an ambiguous slope.
and macroeconomic performance is out of balance.
He is writing a book entitled Microeconomic
Theory of the Family, and one of his recent papers is entitled "Youth Employment in the United States: Trends and Implications.
Stiglitz, 1977); microeconomic
studies on libraries as decision-making institutions, such as studies on economies of scale and management of libraries using production functions (e.
In his new book, The Perfect Store: Inside eBay, Cohen reports that the online auction service began as an exercise in economic theory, a real-world attempt at forming that most basic of microeconomic
precepts, the perfect market.
This author defines corporate organizational infrastructure, with required modifications, as the microeconomic
analogue of TFP.
They note that microeconomic
studies often suggest that income differentials across countries are explained mostly by differences in TFP.
On a microeconomic
standpoint, agents' workloads have increased--not necessarily from the sales process being much longer but in terms of the type of service and relationships you need to make a sale and maintain long-term relationships with relatively sophisticated clients," said Mark Murphy, a financial representative for Guardian Life Insurance Co.