Intermediate Microeconomics, Games and Behaviour (ECB2VMIE)
Todos documentos para esta materia (9)
13
reseñas
Por: wesselvandervelden • 2 año hace
Por: jorisfarwerck • 3 año hace
Por: mbouw2 • 3 año hace
Por: barbarapoulou • 1 año hace
Por: christiankorka • 3 año hace
Por: lisannelouwerse • 3 año hace
Hi Christian, can you please explain why you gave my summary only 1 star? It's not in line with the reviews I have received so far so I'm curious to hear your opinion. Thanks in advance and good luck with your exam!
Por: sarpbart • 3 año hace
Por: stanvanderwees • 3 año hace
Mostrar mas comentarios
Vendedor
Seguir
lisannelouwerse
Comentarios recibidos
Vista previa del contenido
Intermediate Microeconomics, Games and
Behaviour
Universiteit Utrecht – ECB2VMIE
Written by Lisanne Louwerse
Summary
,Table of content
Week 1 – Uncertainty and time .............................................................................................. 4
1 Economics in times of a climate change .......................................................................... 4
1.2 Uncertain outcomes ................................................................................................... 4
1.2.1 Risk attitudes .......................................................................................................... 4
1.2.2 Measures of risk aversion ....................................................................................... 7
1.3 Decisions over time ................................................................................................... 9
1.3.1 Consistent time preferences - discounted utility .................................................. 10
1.3.2 Inconsistent time preferences - hyperbolic discounting ....................................... 13
1.3.3 Self-control and self-awareness ........................................................................... 14
Week 2 – Strategic interaction: single encounters ................................................................ 16
1.4 The role of firms ................................................................................................. 16
1.4.1 Environmental policy when firms choose quantities simultaneously ............ 16
1.4.2.1 Emission taxes when firms compete in prices for homogeneous goods ......... 19
1.4.2.2 Emission taxes when firms compete in prices for heterogeneous products ...... 20
Week 3 – Strategic interaction: sequential encounters ......................................................... 22
1.4.3 First and second mover advantages ................................................................ 22
1.5 The role of technology and strategic investments .............................................. 23
1.6 Conflict of interests and bargaining over pollution ............................................ 28
Other notes .................................................................................................................... 29
Week 4 – Information imperfections in single encounters ................................................... 31
1.7 Incomplete information and beliefs about the world.......................................... 31
1.8 Climate auctions ................................................................................................. 32
1.8.1 The English auction with independent private values .................................... 35
1.8.2 Second Price (Vickrey) auction with independent private values .................. 37
1.8.3 The First Price auction with independent private values ................................ 39
1.8.4 The Dutch auction with independent private values ...................................... 42
1.8.5 Which auction format should the seller choose when bidders have independent
private values? ............................................................................................................... 42
1.8.6 Relaxing assumptions regarding the bidders. ................................................. 44
Week 6 – Information imperfections in sequential encounters ............................................ 47
1.9 Incomplete information and beliefs about the world.......................................... 47
1.10 Solutions to market failure due to information asymmetries ............................. 50
1.10.1 Bio certificates and signaling ............................................................................. 51
1.10.2 Abatement standards and screening .............................................................. 56
2
, Week 7 – Social context ....................................................................................................... 58
2. Economics of a regenerative (and degenerative) society .......................................... 58
2.1 Fair wages .......................................................................................................... 64
2.2.1 Contracts and implicit incentives ................................................................... 68
2.2.2 Intrinsic motivation......................................................................................... 70
Week 8 – Non-standard preferences and beliefs .................................................................. 73
2.3 Identity theory discrimination ............................................................................ 73
2.4 The role of consumers ........................................................................................ 77
2.4.1 Predictable irrationalities – non-stable preferences ........................................ 78
2.4.2 How much we care (for others) ...................................................................... 82
2.4.3 Empirical evidence ......................................................................................... 89
Other notes ............................................................................................................................ 92
Some models step-by-step ................................................................................................. 92
Auction types ..................................................................................................................... 93
Calculating expected revenue and expected price in auctions ......................................... 93
Relevant articles ................................................................................................................... 95
Week 1 .............................................................................................................................. 95
Week 4 .............................................................................................................................. 96
Week 6 .............................................................................................................................. 97
Week 7 .............................................................................................................................. 97
Week 8 .............................................................................................................................. 98
3
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lisannelouwerse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $9.75. You're not tied to anything after your purchase.
