Microeconomics: Essays in Theory and Applications

by Franklin M. Fisher

• ISBN13: 9780521624237
• ISBN10: 0521624231
• Format: Hardcover
• Copyright: 1999-03-28
• Publisher: Cambridge University Press

Summary

This book, the fourth volume of Franklin M. Fisher’s collected articles, contains work in microeconomics stretching over four decades. Principal sections include essays on stability and disequilibrium, welfare economics and consumer theory, and applications of microeconomics. Topics include the decision whether or not to use statistical methods to adjust the census, and the economics of water in the Middle East as well as the effect of computer reservations systems on airlines and the theory of united fund drives by charities. An autobiographical essay serves as an epilogue.

Table of Contents

Introduction	1	(24)
Part I: Disequilibrium and Stability	25	(158)
A. MODELS OF DISEQUILIBRIUM BEHAVIOR
1 The Formation of Economic Magnitudes: Disequilibrium and Stability (1990)	25	(26)
2 Quasi-Competitive Price Adjustment by Individual Firms: A Preliminary Paper (1970)	51	(12)
3 Stability and Competitive Equilibrium in Two Models of Search and Individual Price Adjustment (1973)	63	(24)
4 On Price Adjustment without an Auctioneer (1972)	87	(23)
5 Quantity Constraints, Spillovers, and the Hahn Process (1978)	110	(20)
6 On Stability Analysis with Disequilibrium Awareness (1988)	130	(13)
Dale O. Stahl II
7 It Takes t(*) to Tango: Trading Coalitions with Fixed Prices (1989)	143	(18)
B. ASSOCIATED MODELS OF STABILITY ANALYSIS
8 An Alternate Proof and Extension of Solow's Theorem on Nonnegative Square Matrices (1962)	161	(2)
9 Choice of Units, Column Sums, and Stability in Linear Dynamic Systems with Nonnegative Square Matrices (1965)	163	(7)
10 A Simple Proof of the Fisher-Fuller Theorem (1972)	170	(4)
11 Gross Substitutes and the Utility Function (1972)	174	(9)
Part II: Welfare Economics and Consumer Theory	183	(92)
12 Income Distribution, Value Judgments, and Welfare (1956)	183	(44)
13 Income Distribution, Value Judgments, and Welfare: A Correction (1957)	227	(3)
Peter B. Kenen
14 How Income Ought to Be Distributed: Paradox Lost (1961)	230	(27)
Jerome Rothenberg
15 Advertising and Welfare: Comment (1979)	257	(2)
John J. McGowan
16 Household Equivalence Scales and Interpersonal Comparisons (1987)	259	(8)
17 Household Equivalence Scales: Reply (1990)	267	(3)
18 Normal Goods and the Expenditure Function (1990)	270	(5)
Part III: Applications of Microeconomic Theory	275	(86)
19 On Donor Sovereignty and United Charities (1977)	275	(11)
20 A Proposal for the Distribution Abroad of the United States' Food Surplus (1962)	286	(10)
21 A Theoretical Analysis of the Impact of Food Surplus Disposal on Agricultural Production in Recipient Countries (1963)	296	(14)
22 US Experience: The Recent INS Study (1970)	310	(15)
23 Aspects of Cost-Benefit Analysis in Defence Manpower Planning (1969)	325	(36)
Part IV: Industrial Organization, Economics, and the Law	361	(126)
A. INDUSTRIAL ORGANIZATION AND ANTITRUST: ADDITIONAL REFLECTIONS
24 Organizing Industrial Organization: Reflections on the Handbook of Industrial Organization (1991)	361	(23)
25 Reflections on Competition Policy (1993)	384	(20)
26 The Social Costs of Monopoly and Regulation: Posner Reconsidered (1985)	404	(7)
B. QUANTITATIVE METHODS AND THE LAW: RECENT WORK
27 Due Diligence and the Demand for Electricity: A Cautionary Tale (1992)	411	(39)
Peter S. Fox-Penner
Joen E. Greenwood
William G. Moss
Almarin Phillips
28 Estimating the Effects of Display Bias in Computer Reservation Systems (1990)	450	(37)
Kevin Neels
Part V: Public Policy Applications	487	(52)
29 Standing Up to Be Counted: The Decision not to Adjust the 1990 Census (1994)	487	(32)
Brian Palmer
30 The Economics of Water Dispute Resolution, Project Evaluation and Management: An Application to the Middle East (1995)	519	(20)
Epilogue My Career in Economics: A Hindcast (1997)	539	(26)
Indexes	565
Author Index	565	(3)
Subject Index	568