Practice Exercises for Intermediate Microeconomic Theory
by Espinola-Arredondo, Muñoz-Garcia, Dunaway, Strandholm
ISBN: 9780262365000 | Copyright 2020
Instructor Requests
| Expand/Collapse All | |
|---|---|
| Contents (pg. 1) | |
| Preface (pg. 11) | |
| Chapter 2 - Consumer Preferences and Utility (pg. 14) | |
| 2.1 Solutions to Self-Assessment Exercises (pg. 14) | |
| Self-assessment exercise #2.1 (pg. 14) | |
| Self-assessment exercise #2.2 (pg. 14) | |
| Self-assessment exercise #2.3 (pg. 15) | |
| Self-assessment exercise #2.4 (pg. 16) | |
| Self-assessment exercise #2.5 (pg. 17) | |
| Self-assessment exercise #2.6 (pg. 18) | |
| Self-assessment exercise #2.7 (pg. 18) | |
| Self-assessment exercise #2.8 (pg. 19) | |
| Self-assessment exercise #2.9 (pg. 21) | |
| Self-assessment exercise #2.10 (pg. 23) | |
| Self-assessment exercise #2.11 (pg. 24) | |
| Self-assessment exercise #2.12 (pg. 25) | |
| Self-assessment exercise #2.13 (pg. 26) | |
| Self-assessment exercise #2.14 (pg. 27) | |
| Self-assessment exercise #2.15 (pg. 28) | |
| 2.2 Solutions to End-of-Chapter Exercises (pg. 29) | |
| Exercise #2.1 - Indifference CurvesB (pg. 29) | |
| Exercise #2.3 - One Way or AnotherB (pg. 35) | |
| Exercise #2.5 - Cobb-DouglasA (pg. 37) | |
| Exercise #2.7 - Perfect SubstitutesA (pg. 37) | |
| Exercise #2.9 - Increasing TransformationsB (pg. 38) | |
| Exercise #2.11 - Finding Properties‒IIC (pg. 40) | |
| Exercise #2.13 - Finding Properties‒IVB (pg. 42) | |
| Exercise #2.15 - Guilty PreferencesB (pg. 43) | |
| Exercise #2.17 - Protein PreferencesA (pg. 45) | |
| Exercise #2.19 - Eating PizzaA (pg. 46) | |
| Chapter 3 - Consumer Choice (pg. 47) | |
| 3.1 Solutions to Self-Assessment Exercises (pg. 47) | |
| Self-assessment exercise #3.1 (pg. 47) | |
| Self-assessment exercise #3.2 (pg. 48) | |
| Self-assessment exercise #3.3 (pg. 49) | |
| Self-assessment exercise #3.4 (pg. 51) | |
| Self-assessment exercise #3.5 (pg. 52) | |
| Self-assessment exercise #3.6 (pg. 53) | |
| Self-assessment exercise #3.7 (pg. 54) | |
| Self-assessment exercise #3.8 (pg. 55) | |
| Self-assessment exercise #3.9 (pg. 58) | |
| Self-assessment exercise #3.10 (pg. 59) | |
| 3.2 Solutions to End-of-Chapter Exercises (pg. 59) | |
| Exercise #3.1 - Budget LineA (pg. 59) | |
| Exercise #3.3 - Composite GoodA (pg. 62) | |
| Exercise #3.5 - Expenditure FunctionA (pg. 65) | |
| Exercise #3.7 - Cobb-Douglas‒IA (pg. 66) | |
| Exercise #3.9 - Cobb-Douglas‒IIIC (pg. 67) | |
| Exercise #3.11 - Different RelationshipsC (pg. 68) | |
| Exercise #3.13 - Perfect Complements‒IA (pg. 69) | |
| Exercise #3.15 - Expenditure Minimization ProblemA (pg. 70) | |
| Exercise #3.17 - Perfect Complements‒IIB (pg. 71) | |
| Exercise #3.19 - Utility MaximizationB (pg. 72) | |
| Chapter 4 - Substitution and Income Effects (pg. 74) | |
| 4.1 Solutions to Self-Assessment Exercises (pg. 74) | |
| Self-assessment exercise #4.1 (pg. 74) | |
| Self-assessment exercise #4.2 (pg. 74) | |
| Self-assessment exercise #4.3 (pg. 74) | |
| Self-assessment exercise #4.4 (pg. 75) | |
| Self-assessment exercise #4.5 (pg. 75) | |
| Self-assessment exercise #4.6 (pg. 76) | |
| Self-assessment exercise #4.7 (pg. 77) | |
| Self-assessment exercise #4.8 (pg. 77) | |
| Self-assessment exercise #4.9 (pg. 81) | |
| 4.2 Solutions to End-of-Chapter Exercises (pg. 83) | |
| Exercise #4.1 - Deriving Functions‒IA (pg. 83) | |
| Exercise #4.3 - Quasilinear Utility‒IB (pg. 86) | |
| Exercise #4.5 - Decomposition BundlesB (pg. 88) | |
| Exercise #4.7 - Income EffectsA (pg. 93) | |
| Exercise #4.9 - Linear DemandA (pg. 93) | |
| Exercise #4.11 - Income Elasticity‒IB (pg. 94) | |
| Exercise #4.13 - Perfect ComplementsB (pg. 95) | |
| Exercise #4.15 - Deriving Functions‒IIA (pg. 99) | |
| Exercise #4.17 - Income Elasticity‒IIA (pg. 101) | |
| Exercise #4.19 - Giffen Good?B (pg. 102) | |
| Chapter 5 - Measuring Welfare Changes (pg. 103) | |
| 5.1 Solutions to Self-Assessment Exercises (pg. 103) | |
| Self-assessment exercise #5.1 (pg. 103) | |
| Self-assessment exercise #5.2 (pg. 103) | |
| Self-assessment exercise #5.3 (pg. 103) | |
| Self-assessment exercise #5.4 (pg. 105) | |
| Self-assessment exercise #5.5 (pg. 106) | |
| Self-assessment exercise #5.6 (pg. 108) | |
| Self-assessment exercise #5.7 (pg. 109) | |
| 5.2 Solutions to End-of-Chapter Exercises (pg. 109) | |
| Exercise #5.1 - Changes in CSA (pg. 109) | |
| Exercise #5.3 - CS and Changing PricesA (pg. 110) | |
| Exercise #5.5 - CS and Nonlinear Demand‒IA (pg. 111) | |
| Exercise #5.7 - Calculating CVB (pg. 111) | |
| Exercise #5.9 - CV with Cobb-Douglas Utility FunctionB (pg. 112) | |
| Exercise #5.11 - CV with General Price ChangeC (pg. 113) | |
| Exercise #5.13 - EV with Cobb-Douglas Demand‒IIB (pg. 115) | |
| Exercise #5.15 - EV with Different IncomeA (pg. 115) | |
| Exercise #5.17 - CS, CV, and EV with No Income Effects‒IB (pg. 116) | |
| Exercise #5.19 - Alternative Representation of CVB (pg. 118) | |
| Exercise #5.21 - Alternative Representation of EVB (pg. 120) | |
| Chapter 6 - Choice under Uncertainty (pg. 124) | |
| 6.1 Solutions to Self-Assessment Exercises (pg. 124) | |
| Self-assessment exercise #6.1 (pg. 124) | |
| Self-assessment exercise #6.2 (pg. 124) | |
| Self-assessment exercise #6.3 (pg. 125) | |
| Self-assessment exercise #6.4 (pg. 125) | |
| Self-assessment exercise #6.5 (pg. 126) | |
| Self-assessment exercise #6.6 (pg. 126) | |
| Self-assessment exercise #6.7 (pg. 126) | |
| Self-assessment exercise #6.8 (pg. 127) | |
| 6.2 Solutions to End-of-Chapter Exercises (pg. 128) | |
| Exercise #6.1 - Expected UtilityA (pg. 128) | |
| Exercise #6.3 - EV and Variance‒IIB (pg. 128) | |
| Exercise #6.5 - Expected Utility‒IIA (pg. 129) | |
| Exercise #6.7 - Risk AversionB (pg. 130) | |
| Exercise #6.9 - Risk LovingB (pg. 131) | |
| Exercise #6.11 - Risk NeutralityB (pg. 132) | |
| Exercise #6.13 - Contracting an IllnessB (pg. 133) | |
| Exercise #6.15 - Not Purchasing Full InsuranceB (pg. 135) | |
| Exercise #6.17 - Arrow-Pratt Coefficient‒IIB (pg. 136) | |
| Exercise #6.19 - Prospect Theory‒IB (pg. 137) | |
| Exercise #6.21 - GamblingA (pg. 138) | |
| Chapter 7 - Production Functions (pg. 139) | |
| 7.1 Solutions to Self-Assessment Exercises (pg. 139) | |
| Self-assessment exercise #7.1 (pg. 139) | |
| Self-assessment exercise #7.2 (pg. 139) | |
| Self-assessment exercise #7.3 (pg. 140) | |
| Self-assessment exercise #7.4 (pg. 140) | |
| Self-assessment exercise #7.5 (pg. 140) | |
| Self-assessment exercise #7.6 (pg. 141) | |
| Self-assessment exercise #7.7 (pg. 141) | |
| Self-assessment exercise #7.8 (pg. 142) | |
| Self-assessment exercise #7.9 (pg. 142) | |
| Self-assessment exercise #7.10 (pg. 142) | |
| Self-assessment exercise #7.11 (pg. 143) | |
| Self-assessment exercise #7.12 (pg. 144) | |
| Self-assessment exercise #7.13 (pg. 144) | |
| 7.2 Solutions to End-of-Chapter Exercises (pg. 144) | |
| Exercise #7.1 - Properties of Production FunctionsB (pg. 144) | |
| Exercise #7.3 - Where the MP and AP Curves CrossA (pg. 146) | |
| Exercise #7.5 - MP and Changing CapitalB (pg. 147) | |
| Exercise #7.7 - Linear Production and MRTSA (pg. 148) | |
| Exercise #7.9 - Returns to Scale‒IA (pg. 148) | |
| Exercise #7.11 - Decreasing Marginal ReturnsA (pg. 149) | |
| Exercise #7.13 - Choosing ProductionA (pg. 149) | |
| Exercise #7.15 - CES Production Function and Marginal ProductsB (pg. 150) | |
| Exercise #7.17 - Choosing Factors of ProductionB (pg. 150) | |
| Exercise #7.19 - Comparing MRTSC (pg. 151) | |
| Chapter 8 - Cost Minimization (pg. 153) | |
| 8.1 Solutions to Self-Assessment Exercises (pg. 153) | |
| Self-assessment exercise #8.1 (pg. 153) | |
| Self-assessment exercise #8.2 (pg. 153) | |
| Self-assessment exercise #8.3 (pg. 154) | |
| Self-assessment exercise #8.4 (pg. 155) | |
| Self-assessment exercise #8.5 (pg. 156) | |
| Self-assessment exercise #8.6 (pg. 157) | |
| Self-assessment exercise #8.7 (pg. 157) | |
| Self-assessment exercise #8.8 (pg. 158) | |
| Self-assessment exercise #8.9 (pg. 159) | |
| Self-assessment exercise #8.10 (pg. 159) | |
| Self-assessment exercise #8.11 (pg. 159) | |
| Self-assessment exercise #8.12 (pg. 160) | |
| Self-assessment exercise #8.13 (pg. 160) | |
| 8.2 Solutions to End-of-Chapter Exercises (pg. 161) | |
| Exercise #8.1 - Cost Minimization for Cobb-DouglasB (pg. 161) | |
| Exercise #8.3 - Properties of a Cost FunctionB (pg. 164) | |
| Exercise #8.5 - CMP for Cobb-Douglas Production‒IC (pg. 165) | |
| Exercise #8.7 - Explicit and Implicit CostsA (pg. 168) | |
| Exercise #8.9 - CMP with Cobb-Douglas Production‒IIB (pg. 168) | |
| Exercise #8.11 - Cobb-Douglas Production and Input DemandB (pg. 169) | |
| Exercise #8.13 - Short-Run Cobb-Douglas CostsB (pg. 170) | |
| Exercise #8.15 - Substitutes in ProductionB (pg. 173) | |
| Exercise #8.17 - Economies of Scale‒IA (pg. 174) | |
| Exercise #8.19 - Economies of ScopeA (pg. 174) | |
| Exercise #8.21 - Experience Elasticity‒IIA (pg. 175) | |
| Chapter 9 - Partial and General Equilibrium (pg. 176) | |
| 9.1 Solutions to Self-Assessment Exercises (pg. 176) | |
| Self-assessment exercise #9.1 (pg. 176) | |
| Self-assessment exercise #9.2 (pg. 176) | |
| Self-assessment exercise #9.3 (pg. 177) | |
| Self-assessment exercise #9.4 (pg. 177) | |
| Self-assessment exercise #9.5 (pg. 178) | |
| Self-assessment exercise #9.6 (pg. 179) | |
| Self-assessment exercise #9.7 (pg. 180) | |
| Self-assessment exercise #9.8 (pg. 180) | |
| Self-assessment exercise #9.9 (pg. 182) | |
| Self-assessment exercise #9.10 (pg. 182) | |
| 9.2 Solutions to End-of-Chapter Exercises (pg. 183) | |
| Exercise #9.1 - Identifying Perfectly Competitive MarketsA (pg. 183) | |
| Exercise #9.3 - Long-Run Equilibrium and SubsidiesB (pg. 183) | |
| Exercise #9.5 - Perfectly Competitive Equilibrium‒IIA (pg. 187) | |
| Exercise #9.7 - Shutdown Price and Short-Run SupplyA (pg. 187) | |
| Exercise #9.9 - Finding Aggregate Supply and EquilibriumA (pg. 189) | |
| Exercise #9.11 - Calculating Producer SurplusA (pg. 190) | |
| Exercise #9.13 - Profit versus Producer SurplusB (pg. 191) | |
| Exercise #9.15 - General Equilibrium.IB (pg. 191) | |
| Exercise #9.17 - Effciency in General EquilibriumB (pg. 192) | |
| Exercise #9.19 - Second Welfare TheoremC (pg. 194) | |
| Exercise #9.21 - First Welfare Theorem with External EffectsC (pg. 196) | |
| Chapter 10 - Monopoly (pg. 201) | |
| 10.1 Solutions to Self-Assessment Exercises (pg. 201) | |
| Self-assessment exercise #10.1 (pg. 201) | |
| Self-assessment exercise #10.2 (pg. 202) | |
| Self-assessment exercise #10.3 (pg. 205) | |
| Self-assessment exercise #10.4 (pg. 206) | |
| Self-assessment exercise #10.5 (pg. 206) | |
| Self-assessment exercise #10.6 (pg. 206) | |
| Self-assessment exercise #10.7 (pg. 207) | |
| Self-assessment exercise #10.8 (pg. 208) | |
| Self-assessment exercise #10.9 (pg. 209) | |
| Self-assessment exercise #10.10 (pg. 209) | |
| 10.2 Solutions to End-of-Chapter Exercises (pg. 211) | |
| Exercise #10.1 - Monopoly Equilibrium-Linear CostsB (pg. 211) | |
| Exercise #10.3 - Maximizing Revenue versus ProfitA (pg. 213) | |
| Exercise #10.5 - Regulating a Natural MonopolyB (pg. 215) | |
| Exercise #10.7 - Two Parts of Marginal RevenueA (pg. 217) | |
| Exercise #10.9 - Factors of a High Monopoly PriceB (pg. 218) | |
| Exercise #10.11 - Monopoly with General Linear DemandC (pg. 218) | |
| Exercise #10.13 - Multiplant Monopoly‒IB (pg. 219) | |
| Exercise #10.15 - Multiproduct MonopolyC (pg. 220) | |
| Exercise #10.17 - Advertising-to-Sales RatioA (pg. 222) | |
| Exercise #10.19 - Identify a MonopsonyA (pg. 222) | |
| Exercise #10.21 - Monopsony‒Two InputsB (pg. 222) | |
| Chapter 11 - Price Discrimination and Bundling (pg. 224) | |
| 11.1 Solutions to Self-Assessment Exercises (pg. 224) | |
| Self-assessment exercise #11.1 (pg. 224) | |
| Self-assessment exercise #11.2 (pg. 224) | |
| Self-assessment exercise #11.3 (pg. 226) | |
| Self-assessment exercise #11.4 (pg. 226) | |
| 11.2 Solutions to End-of-Chapter Exercises (pg. 230) | |
| Exercise #11.1 - Price Discrimination with Different DemandsB (pg. 230) | |
| Exercise #11.3 - Implementing Price DiscriminationA (pg. 231) | |
| Exercise #11.5 - When to Price DiscriminateB (pg. 232) | |
| Exercise #11.7 - Willingness to Price DiscriminateB (pg. 234) | |
| Exercise #11.9 - Deciding When to Withdraw from a MarketB (pg. 235) | |
| Exercise #11.11 - Second-Degree Price DiscriminationA (pg. 237) | |
| Exercise #11.13 - Second-Degree Price Discrimination with Three BlocksC (pg. 239) | |
| Exercise #11.15 - Bundling PricesA (pg. 240) | |
| Exercise #11.17 - Bundling‒IIB (pg. 241) | |
| Exercise #11.19 - Bundling‒IIIB (pg. 244) | |
| Chapter 12 - Simultaneous-Move Games (pg. 247) | |
| 12.1 Solutions to Self-Assessment Exercises (pg. 247) | |
| Self-assessment exercise #12.1 (pg. 247) | |
| Self-assessment exercise #12.2 (pg. 247) | |
| Self-assessment exercise #12.3 (pg. 248) | |
| Self-assessment exercise #12.4 (pg. 249) | |
| Self-assessment exercise #12.5 (pg. 250) | |
| Self-assessment exercise #12.6 (pg. 250) | |
| Self-assessment exercise #12.7 (pg. 251) | |
| Self-assessment exercise #12.8 (pg. 252) | |
| Self-assessment exercise #12.9 (pg. 253) | |
| Self-assessment exercise #12.10 (pg. 254) | |
| 12.2 Solutions to End-of-Chapter Exercises (pg. 256) | |
| Exercise #12.1 - Strict DominanceA (pg. 256) | |
| Exercise #12.3 - Strict Dominance ‒ Some BiteB (pg. 257) | |
| Exercise #12.5 - Prisoner's DilemmaB (pg. 259) | |
| Exercise #12.7 - Weak DominanceA (pg. 259) | |
| Exercise #12.9 - Weak Dominance‒IIIB (pg. 260) | |
| Exercise #12.11 - Nash Equilibrium in a 3x3 MatrixB (pg. 263) | |
| Exercise #12.13 - Nash Equilibrium in the Split‒Steal GameB (pg. 264) | |
| Exercise #12.15 - Rock, Paper, Scissors‒IA (pg. 265) | |
| Exercise #12.17 - Charitable ContributionsB (pg. 267) | |
| Exercise #12.19 - Finding msNE‒Coordination GameB (pg. 268) | |
| Exercise #12.21 - Penalty KicksA (pg. 270) | |
| Chapter 13 - Sequential and Repeated Games (pg. 272) | |
| 13.1 Solutions to Self-Assessment Exercises (pg. 272) | |
| Self-assessment exercise #13.1 (pg. 272) | |
| Self-assessment exercise #13.2 (pg. 273) | |
| Self-assessment exercise #13.3 (pg. 274) | |
| Self-assessment exercise #13.4 (pg. 276) | |
| 13.2 Solutions to End-of-Chapter Exercises (pg. 278) | |
| Exercise #13.1 - Backward Induction‒IA (pg. 278) | |
| Exercise #13.3 - Backward Induction‒IIIB (pg. 281) | |
| Exercise #13.5 - Backward Induction‒VB (pg. 284) | |
| Exercise #13.7 - Battle of the Sexes GameA (pg. 288) | |
| Exercise #13.9 - Anticoordination GameA (pg. 293) | |
| Exercise #13.11 - Complementary PricingB (pg. 298) | |
| Exercise #13.13 - Centipede GameC (pg. 304) | |
| Exercise #13.15 - Repeated DilemmasB (pg. 310) | |
| Exercise #13.17 - Alternative TriggersB (pg. 311) | |
| Exercise #13.19 - Temporary PunishmentsC (pg. 316) | |
| Exercise #13.21 - Punishment SizeB (pg. 318) | |
| Exercise #13.23 - Rock, Paper, Scissors‒IIB (pg. 319) | |
| Chapter 14 - Imperfect Competition (pg. 320) | |
| 14.1 Solutions to Self-Assessment Exercises (pg. 320) | |
| Self-assessment exercise #14.1 (pg. 320) | |
| Self-assessment exercise #14.2 (pg. 321) | |
| Self-assessment exercise #14.3 (pg. 323) | |
| Self-assessment exercise #14.4 (pg. 325) | |
| Self-assessment exercise #14.5 (pg. 326) | |
| Self-assessment exercise #14.6 (pg. 327) | |
| Self-assessment exercise #14.7 (pg. 328) | |
| Self-assessment exercise #14.8 (pg. 329) | |
| Self-assessment exercise #14.9 (pg. 329) | |
| 14.2 Solutions to End-of-Chapter Exercises (pg. 330) | |
| Exercise #14.1 - Her.ndahl-Hirschman IndexA (pg. 330) | |
| Exercise #14.3 - Properties of the Best Response FunctionB (pg. 331) | |
| Exercise #14.5 - Symmetric CournotA (pg. 332) | |
| Exercise #14.7 - Cournot with Asymmetric Fixed CostsB (pg. 334) | |
| Exercise #14.9 - Cournot with Three FirmsC (pg. 336) | |
| Exercise #14.11 - Finitely Repeated Grim-Trigger StrategyB (pg. 338) | |
| Exercise #14.13 - Collusion with Delayed DetectionB (pg. 339) | |
| Exercise #14.15 - Colluding BarbecueB (pg. 340) | |
| Exercise #14.17 - Properties of the Stackelberg EquilibriumA (pg. 343) | |
| Exercise #14.19 - Cournot versus StackelbergB (pg. 344) | |
| Exercise #14.21 - Product DifferentiationA (pg. 346) | |
| Exercise #14.23 - Stackelberg Prices with Homogeneous GoodsA (pg. 347) | |
| Exercise #14.25 - Reconciling Bertrand and Cournot through CapacityC (pg. 348) | |
| Chapter 15 - Games of Incomplete Information and Auctions (pg. 351) | |
| 15.1 Solutions to Self-Assessment Exercises (pg. 351) | |
| Self-assessment exercise #15.1 (pg. 351) | |
| Self-assessment exercise #15.2 (pg. 353) | |
| Self-assessment exercise #15.3 (pg. 353) | |
| Self-assessment exercise #15.4 (pg. 354) | |
| Self-assessment exercise #15.5 (pg. 355) | |
| 15.2 Solutions to End-of-Chapter Exercises (pg. 357) | |
| Exercise #15.1 - Pareto Uncertainty‒IA (pg. 357) | |
| Exercise #15.3 - Stackelberg Leader Facing Uncertain CostsA (pg. 359) | |
| Exercise #15.5 - Uncertain Demand‒One Uninformed FirmB (pg. 361) | |
| Exercise #15.7 - Entry DeterrenceB (pg. 363) | |
| Exercise #15.9 - First-Price Auction‒IIA (pg. 366) | |
| Exercise #15.11 - Risk Aversion‒IB (pg. 367) | |
| Exercise #15.13 - Second-Price Auction‒IA (pg. 369) | |
| Exercise #15.15 - Lottery Allocation‒IB (pg. 369) | |
| Exercise #15.17 - All-Pay AuctionC (pg. 370) | |
| Exercise #15.19 - Effciency with Risk AversionB (pg. 371) | |
| Exercise #15.21 - Comparing AuctionsA (pg. 371) | |
| Chapter 16 - Contract Theory (pg. 372) | |
| 16.1 Solutions to Self-Assessment Exercises (pg. 372) | |
| Self-assessment exercise #16.1 (pg. 372) | |
| Self-assessment exercise #16.2 (pg. 372) | |
| Self-assessment exercise #16.3 (pg. 374) | |
| Self-assessment exercise #16.4 (pg. 375) | |
| Self-assessment exercise #16.5 (pg. 375) | |
| Self-assessment exercise #16.6 (pg. 377) | |
| 16.2 Solutions to End-of-Chapter Exercises (pg. 377) | |
| Exercise #16.1 - Moral HazardA (pg. 377) | |
| Exercise #16.3 - Risk Aversion‒IIA (pg. 378) | |
| Exercise #16.5 - Household Chores‒IB (pg. 381) | |
| Exercise #16.7 - Basketball‒IA (pg. 382) | |
| Exercise #16.9 - Insurance Market‒IB (pg. 384) | |
| Exercise #16.11 - Risk-Averse Lemons‒IB (pg. 385) | |
| Exercise #16.13 - Risk-Averse Lemons‒IIB (pg. 386) | |
| Exercise #16.15 - Risk Neutrality‒IIB (pg. 387) | |
| Exercise #16.17 - Risk Neutrality‒IIB (pg. 389) | |
| Exercise #16.19 - TrainingA (pg. 391) | |
| Exercise #16.21 - Adverse SelectionA (pg. 391) | |
| Chapter 17 - Externalities and Public Goods (pg. 393) | |
| 17.1 Solutions to Self-Assessment Exercises (pg. 393) | |
| Self-assessment exercise #17.1 (pg. 393) | |
| Self-assessment exercise #17.2 (pg. 393) | |
| Self-assessment exercise #17.3 (pg. 394) | |
| Self-assessment exercise #17.4 (pg. 395) | |
| Self-assessment exercise #17.5 (pg. 396) | |
| Self-assessment exercise #17.6 (pg. 396) | |
| Self-assessment exercise #17.7 (pg. 397) | |
| 17.2 Solutions to End-of-Chapter Exercises (pg. 398) | |
| Exercise #17.1 - Regulated DuopolyB (pg. 398) | |
| Exercise #17.3 - Positive Externalities and Social OptimumA (pg. 400) | |
| Exercise #17.5 - Optimal Emission FeeB (pg. 401) | |
| Exercise #17.7 - Public Goods and Free-RidingB (pg. 402) | |
| Exercise #17.9 - Common-Pool Resource‒IB (pg. 404) | |
| Exercise #17.11 - Common-Pool Resource‒IIIB (pg. 407) | |
| Exercise #17.13 - When Does the Coase Theorem Apply?A (pg. 409) | |
| Exercise #17.15 - Coase Theorem in ActionA (pg. 409) | |
| Exercise #17.17 - Multiple PollutersB (pg. 410) | |
| Exercise #17.19 - Common-Pool RefrigeratorA (pg. 413) | |
Ana Espinola-Arredondo
Ana Espinola-Arredondo is Associate Director and Professor in the School of Economic Sciences at Washington State University.
Felix Muñoz-Garcia
Felix Muñoz-Garcia is Associate Professor on the School of Economic Sciences at Washington State University.
|
eTextbook
Go paperless today! Available online anytime, nothing to download or install.
|
