• Produktbild: Managerial Economics
  • Produktbild: Managerial Economics

Managerial Economics Tools for Analyzing Business Strategy

Fr. 93.90

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Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

24.03.2017

Abbildungen

131 b/w illustrations 27 tables

Verlag

Ingram Publishers Services

Seitenzahl

442

Maße (L/B/H)

22.9/15.2/2.6 cm

Gewicht

649 g

Sprache

Englisch

ISBN

978-1-4985-0795-0

Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

24.03.2017

Abbildungen

131 b/w illustrations 27 tables

Verlag

Ingram Publishers Services

Seitenzahl

442

Maße (L/B/H)

22.9/15.2/2.6 cm

Gewicht

649 g

Sprache

Englisch

ISBN

978-1-4985-0795-0

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: GPSR Kontakt

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  • Produktbild: Managerial Economics
  • Produktbild: Managerial Economics
  • Contents
    Chapter 1 Managerial Economics and Strategy
    The role of economics in business management
    What is economics?
    What is managerial economics?
    Strategic behavior
    Quantitative methods
    The role of a manager
    The role of profit
    The objective of the firm
    What's a company worth?
    Types of profit
    Constraints on the operations of the firm
    Conflicts of interest
    Other players
    Thinking at the margin
    Deriving marginal from total values
    Chapter exercises
    Chapter 2 Demand and Supply
    Demand
    Income and substitution effects
    Demand determinants
    Estimating the market demand equation
    Consumer surplus
    Supply
    Supply determinants
    Producer surplus
    Market Equilibrium
    Net Social Welfare
    Changes in Demand and Supply: Price and Output Determination
    Demand shifts
    Demand and supply shifts
    Rationing Function of Prices
    Price ceilings
    Price floors
    Allocating Function of Prices
    Chapter exercises
    Chapter 3 Elasticity
    Price Elasticity of Demand
    Calculating the price elasticity of demand
    Definitions
    Determinants of the price elasticity of demand
    Total and marginal revenue
    Formal relationship between the price elasticity of demand and total revenue
    Income Elasticity of Demand
    Cross-Price Elasticity of Demand
    Advertising Elasticity of Demand
    Chapter exercises
    Chapter 4 Production and Cost
    The Production Function
    Production relationships
    Productivity Measures
    Average and marginal products of a variable input
    Law of Diminishing Returns
    Isoquants
    Cost in the Short Run
    Total cost
    Average and marginal costs
    Functional form of the total cost equation
    Isocost Line
    Learning Curve Effect
    Cost in the Long Run
    Economies and diseconomies of scale
    Sources of economies of scale
    Sources of diseconomies of scale
    Multiproduct Cost Functions
    Economies of scope
    Cost complementarities
    Chapter Exercises
    Chapter 5 Profit Maximization
    Profit Maximization
    Optimal input combinations
    Maximizing profit in practice
    Optimal input substitution
    How to Procure Inputs
    Spot exchange
    Contracts
    Vertical integration
    Specialized Investments
    Types of specialized investment
    Bargaining costs
    Underinvestment
    Opportunism
    Procuring Inputs Involving Specialized Investments
    Promoting Maximum Effort: The Principal-Agent Problem
    Owner-manager principal-agent problem
    Manager-worker principal-agent problem
    Chapter Exercises
    Chapter 6 Corporate Structure and Culture
    The Supply Chain
    Transaction costs
    Vertical Integration
    Horizontal Integration
    Economies of scale
    Economies of scope
    Diversification
    Economies of scale and scope
    Lower transactions costs
    Smoother cash flows
    Internal financing
    Diversifying shareholder investment
    Undervalued firms
    Strategic Alliances
    Firm Architecture
    Evolution of the modern corporation
    Organizational Structure
    Types of Organizational Structure
    Unitary (functional) form (u-form)
    Multidivisional form (m-form)
    U-form/M-form hybrid
    Matrix structure
    Contractual network
    Strategy or Structure: Chicken or Egg?
    Corporate Culture
    Unwritten rules
    Creating a corporate culture
    Chapter Exercises
    Chapter 7 Industry Organization
    Market Structure
    Number, size, and distribution of rival firms
    Number, size, and distribution of buyers
    Product differentiation
    Entry and exit conditions
    The Five Forces
    Threat of entry
    Threat of substitutes
    Competitive rivalry
    Bargaining power of buyers
    Bargaining power of suppliers
    Industry Types
    Perfect competition
    Imperfect competition
    Monopoly
    Industrial Concentration
    Concentration ratios
    Herfindahl-Hirschman index
    Market Power and Pricing
    Lerner index
    Rothschild index
    Profitability
    Variations in profits across firms and industries
    Other Criteria for Classifying Industries
    Production technology
    Nature of market demand
    Degree of industrial integration
    Research and development
    Chapter Exercises
    Chapter 8 Perfect Competition and Monopoly
    Perfect Competition
    Short-run perfectly competitive equilibrium
    Economic losses and shutdown
    Long-run perfectly competitive equilibrium
    Monopoly
    Sources of monopoly power
    Barriers to entry
    Welfare implications of monopoly
    Landmark U.S. Antitrust Legislation
    Sherman Act (1890)
    Clayton Act (1914)
    Federal Trade Commission Act (1914)
    Willis-Graham Act (1921)
    Robinson-Patman Act (1936)
    Wheeler-Lea Act (1938)
    Celler-Kefauver Act (1950)
    Hart-Scott-Rodino Act (1980)
    Contestable Markets
    Chapter Exercises
    Chapter 9 Imperfect Competition
    Oligopoly
    Oligopoly Models
    Cournot model
    Stackelberg model
    Bertrand model
    Bertrand paradox
    Collusion
    Comparing oligopoly models
    Monopolistic Competition
    Short-run profit-maximizing price and output
    Long-run profit-maximizing price and output
    Advertising and product differentiation
    Product Differentiation and Strategic Behavior
    Chapter Exercises
    Chapter 10 Thinking Strategically
    What is Game Theory?
    Lexicon of game theory
    Rational versus actual behavior
    Static Games
    Nash equilibrium
    Secure strategy
    Mixed Strategies
    Cooperation
    Finitely-repeated static games
    Tit-for-tat
    Infinitely-repeated static games
    Evaluating payoffs in infinitely-repeated games
    Dynamic Games
    Subgame perfection
    Backward induction
    First-mover advantage
    Chapter Exercises
    Chapter 11 Pricing Strategies
    Standard Pricing Rule
    Extracting consumer surplus
    First-degree price discrimination
    Second-degree price discrimination
    Third-degree price discrimination
    Special Pricing Practices
    Capacity peak-load pricing
    Multiproduct pricing
    Non-Marginal Pricing
    Cost-plus pricing
    Price fixing
    Price matching
    Most-favored customer
    Price leadership
    Penetration pricing
    Transfer Pricing
    No external market
    Perfectly competitive external market
    Entry Deterrence
    Limit pricing
    Chapter Exercises
    Chapter 12 Bargaining
    The Bargaining Problem
    Nash Bargaining
    Rubenstein Bargaining
    Last-mover advantage
    Symmetric impatience
    Asymmetric impatience
    Chapter Exercises
    Chapter 13 Economics of Information
    Risk and Uncertainty
    Mean
    Variance
    Standard deviation
    Static Games with Uncertain Payoffs
    Attitudes toward Risk
    Risk aversion
    Understanding risk-averse behavior
    Managing Risk
    Diversification
    Options contracts
    Uncertainty and Search Costs
    Dynamic Games with Uncertain Payoffs
    Bayesian updating
    Asymmetric Information
    Adverse selection
    Moral hazard
    Separating and pooling strategies
    Screening
    Chapter Exercises
    Chapter 14 Contracts
    Contracting Environment
    Contracting Phase
    Implementation Phase
    Self-enforcement
    External enforcement
    Breach Remedies
    Expectation damages
    Reliance damages
    Restitution damages
    Chapter Exercises
    Chapter 15 Auctions
    Auctions and the Internet
    Types of Auctions
    Information Structures
    Incomplete-Information Auctions with Independent Private Values
    Sealed-bid, first-price auction
    Sealed-bid, second-price auction
    English auction
    Dutch auction
    Expected revenues from incomplete-information auctions with independent private values
    Incomplete-Information Auctions with Correlated Value Estimates
    Common-value auctions and the winner's curse
    Incomplete-Information Auctions and Risk Aversion
    Chapter Exercises
    Chapter 16 Networks
    Evolutionary Game Theory
    Reproductive success
    Evolutionary equilibrium
    Networks
    Positive feedback effects
    Network game
    Implications
    Restraint of Trade in Network Industries
    Bottlenecks
    Technical standards
    B2B exchanges
    Chapter Exercises
    AppendixRegression Analysis
    Estimation
    Diagnostics
    Confidence intervals
    t-statistic
    p-value
    Coefficient of determination
    Adjusted coefficient of determination
    Respecifying the regression equation
    Glossary
    References