how economists see the world, article here
HT: MarginalRevolution.com
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Managerial Economics: A Problem Solving Approach, 5th ed.
We wrote a managerial economics textbook (Amazon, Barnes & Noble, Cengage) to teach students how to solve business problems (7 min. video). We started this blog to support those who use the book, and to keep up with developments in the field.
MBA professors
Entries Related to Book Chapters
- 01. Introduction: What this book is about (97)
- 02: The One Lesson of Business (354)
- 03. Benefits; costs and decisions (101)
- 04: Extent (how much) Decisions (70)
- 05. Investment decisions: Look ahead and reason back (120)
- 06. Simple pricing (67)
- 07: Economies of Scale and Scope (33)
- 08: Understanding Market and Industry Changes (202)
- 09. Long-run equilibrium (152)
- 10. Strategy-the quest to slow profit erosion (157)
- 11. Supply and demand: Trade bubbles market making (130)
- 12. More realistic and complex pricing (68)
- 13. Direct price discrimination (38)
- 14. Indirect price discrimination (59)
- 15. Strategic games (116)
- 16. Bargaining (74)
- 17. Making decisions with uncertainty (129)
- 18. Auctions (39)
- 19: The Problem of Adverse Selection (118)
- 20 : The Problem of Moral Hazard (170)
- 21: Getting employees to work in the firm’s best interests (134)
- 22: Getting divisions to work in the firm’s best interests (26)
- 23. Managing vertical relationships (94)
- Book review (7)
- Humor (17)
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This was a very thought provoking article. I find it very interesting that Street News failed in New York as early as 2007, but street papers in other cities have successfully formed since. The article fails to mention that another reason for efficiency gains, in addition to differentiation, for selling street papers is the fact that it is a gift exchange transaction.
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