Advanced macroeconomics: Solutions manual by Romer D.

By Romer D.

Show description

Read or Download Advanced macroeconomics: Solutions manual PDF

Similar microeconomics books

Microeconomics: A Modern Approach

Economics is a residing science--and you may make a contribution. Dr. Schotter's new MICROECONOMICS: a latest technique exhibits you ways to head past learning concept and successfully follow what you discover ways to your destiny stories, occupation, and existence. Professor Schotter believes the way forward for educating microeconomics could be seriously attached with using experimental instruments.

The Measurement of Labor Cost (National Bureau of Economic Research Studies in Income and Wealth)

Measuring expenses of work as a element of overall construction bills hasn't ever prior to been taken care of so completely or so thoughtfully. in addition, opposite to newest exertions learn, this publication makes a speciality of the call for side—the employer's aspect of view—and the habit studied is organization habit. An introductory essay by means of the editor offers an invaluable consultant to present idea within the research of work fee.

The Great Financial Crisis in Finland and Sweden: The Nordic Experience of Financial Liberalization

Following global battle II, Nordic nations have been in general considered as profitable and strong economies. This notion was once, even though, shattered within the early Nineties whilst Finland and Sweden encountered serious monetary crises. right here, the authors discover the indicators of monetary obstacle - reducing actual source of revenue, hovering unemployment and exploding public deficits - and their devastating results.

Additional resources for Advanced macroeconomics: Solutions manual

Sample text

The DVD player has been a huge and somewhat unlikely success. It managed to compete effectively with a well-entrenched incumbent technology, the VCR, even though the DVD player was a read-only device, unlike the VCR, and hence had no standalone value. Starting the (indirect) network effects was thus particularly difficult. The DVD Forum did an excellent job in pushing for low prices and by defending the DVD standard against the Divx threat (Dranove and Gandal, 2000). Hollywood also helped negotiate intellectual property licensing deals between Sony and Philips, in part by standing firm on the point that they would not produce content unless there was a common format.

In the software industry, standards tend to be proprietary. This difference has led to a profound difference in industry structure. pa r t t w o Intellectual property, competition, and information technology ............................................................................................ Joseph Farrell and Carl Shapiro 13 Introduction Professor Varian’s overview, “Competition and market power,” analyzes a variety of competitive strategies used by high-tech companies. These strategies – such as personalized pricing, lockin, and the adoption of uniform compatibility standards to fuel bandwagon effects – often rely on intellectual property, typically copyrights or patents.

These capabilities help with dispatch coordination, operation efficiency, insurance liability, and fraud detection, making the trucking industry much more cost effective. As more and more transactions become computer mediated, the costs of monitoring become lower and lower, potentially allowing for more efficient contractual forms. 12 Summary Better information for incumbents, lock-in, and demand- and supply-side economies of scale suggest that industry structure in high-technology industries will tend to be rather concentrated.

Download PDF sample

Rated 4.19 of 5 – based on 24 votes