Science topics: EconMicroeconomics
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Microeconomics - Science topic

Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources.
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Publications related to Microeconomics (10,000)
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Article
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Known in the literature as underutilized, neglected or orphan crops, these crops have been cited as having the potential to improve food and nutritional security. The literature also highlights however that consumers in developing countries are increasingly abandoning their traditional diets that these crops are part of, and are replacing them by w...
Article
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This study presents the steps taken to produce a mobile learning application framework to learn Microeconomics for which is named "MobiEko Apps". Mobile learning application is utilized because the framework enables seamless access between all the involved actors. The design and development of an application prototype in this study are based on the...
Article
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This research paper is an attempt to understand the relationship between factors that influences the investors decisions in the stock market. For this purpose, the data is gathered from young and active stock market investors using convenient sampling technique. Hypotheses are tested using t-test, Factor Analysis is used for analysis of results. It...
Article
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Purpose A systematic, PRISMA-guided literature review was conducted using four databases (ProQuest, PubMed, EconLit and Scopus) to analyze research published between February 2020 and August 2021. This review included 31 studies out of 1,248 that were identified. Design/methodology/approach In addition to the serious health issues it causes, sever...
Conference Paper
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In this study, the microeconomics in Nigeria were modelled using restricted multivariate Generalized Autoregressive conditional heteroscedasticity (M-GARCH). This strategy was chosen because the restricted technique is smoother than the unconstrained approach. The original series' time plot revealed a trend, and the return series' logarithm transfo...
Book
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Fundamentos de CT&S y Economía. Contenido: PARTE I: Ciencia, Tecnología y Sociedad, CT&S. PARTE II: Economía General. PARTE III: Macroeconomía. PARTE IV: Microeconomía. Bibliografía y EL AUTOR. Por: Gonzalo Duque-Escobar. Universidad Nacional de Colombia Sede Manizales, 2006. Act. 2022.
Article
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This paper demonstrates the utility of neoclassical microeconomics for enhancing the analytical rigor of security-risk management. The cost-benefit analysis it presents determines optimum levels of three basic independent security variables: the investment in asset mitigation, the investment in the protective security system, and the physical perfo...
Chapter
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International economics is a blend of microeconomics and macroeconomics. It deals with economic and financial interdependence among nations. This chapter talks about the subject matter of international economics. In this chapter we study about why and how international trade takes place. This chapter answers to why there is a need for a separate th...
Preprint
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Production theory, defined as the study of the economic process of transforming inputs into outputs, consists of two simultaneous economic forces: cost minimization and profit maximization. The cost minimization problem involves deriving conditional factor demand functions and the cost function. The profit maximization problem involves deriving the...
Preprint
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Duality is the heart of advanced microeconomics. It exists everywhere throughout advanced microeconomics, from the beginning of consumer theory to the end of production theory. The complex, circular relationships among various theoretical microeconomic concepts involved in the setting of duality theory have led it to be called the "wheel of pain" b...
Preprint
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The present paper introduces a theoretical framework through which the degree of risk aversion with respect to uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUF...
Article
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Organic food consumption has become a significant trend in consumer behaviour, determined by various motives, among which the price does not play a major role, thus reflecting the Lancaster approach to the microeconomic consumer theory. Additionally, artificial neural networks (ANNs) have proven to have significant potential in providing accurate a...
Presentation
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Kindly request that I have sent some articles along with my request some time ago, I am sure you guys must have seen it. At this time I am working in terms of research on both micro and macro economics‫۔‬Many theories regarding microeconomics are two hundred and two hundred and fifty years old and are not compatible with the current economic system...
Experiment Findings
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Se busca promover mayor interés y participación de la academia, el gobierno y los ciudadanos en las problemáticas municipales en las que se utilizará una perspectiva interdisciplinaria necesaria para identificar el tránsito hacia la sostenibilidad en el largo plazo. Disciplinalmente se enmarca en tres dimensiones: 1) estrategias de negocios suste...
Article
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The present paper proposes a quantile regression model based on a new parameterization of the Burr XII distribution. We establish a systematic structure on the quantiles of the response variable as a function of explanatory variables, making the model suitable for the modeling of asymmetric data with heavy tails. The estimation of the model paramet...
Article
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This study aims to develop a mathematical modeling approach to maximize the welfare of the price-responsive customers (CUs) in a wholesale electricity market in Tokyo, Japan. The contributions made by this paper in the quest to determine the role of CUs in a demand response market are twofold. First, the aversion of the CUs to the risk of choosing...
Article
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The tragedy of the commons refers to the overuse of resources which are rival in consumption but lack excludability and it also refers to rent dissipation. While the tragedy of the anticommons is a tragedy closely connected with underuse of resources that are rival in consumption and with too strong excludability. The prior studies proved that the...
Article
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Inordinate consumption of natural resources by humans over the past century and unsustainable growth practices have necessitated a need for enforcing global policies to sustain the ecosystem and prevent irreversible changes. This study utilizes the Generalized Global Sustainability model (GGSM), which focuses on sustainability for the Food-Energy-W...
Article
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All economic models have certain features in common: there must be optimizing decisions at the level of decision-makers and the resulting equilibrium due to the interaction of all these decisions at the aggregate level. In addition, decisions should be subject to some resource constraint. Conflict theory is not just one of the branches of economic...
Article
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The Internet of Things economy is necessary for the reform of China’s economic industrial structure and international development, and it brings new opportunities and new challenges to the Chinese economy. The comprehensive informatization of the society is the prerequisite for the economic development of the Internet of Things. The Chinese governm...
Article
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This study focuses on how the Caribbean diaspora is reflected in the novel Levente no. Yolayorkdominicanyork by the New York-based Dominican artist Josefina Báez. Through dialogues and anecdotes the author depicts the everyday life of a community of women living in an apartment building located in a Hispanic neighbourhood in New York. In a close re...
Article
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Literature commonly finds student evaluations of economics instruction do not assess true teaching effectiveness. Many techniques improving learning outcomes result in lower student evaluations because students must work harder. Still, we often rely on a single overall rating for assessing teacher quality. We construct a model of student responses...
Article
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The aim of the article is to study the significance of the time factor in microeconomics. The methodological basis of the research is the concept of general organizational science by A.A. Bogdanov, according to which the interpretation of economic time as a prerequisite for the interaction of organized complexes is proposed. The object of the resea...
Article
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In the theory of microeconomics, in discussions related to consumer behavior, it is usually assumed that the household acts as a decision-making unit like an individual, and for a household, a budget constraint and a utility function are considered. As a result, only the general behavior of the household will be observable and analyzed. Since the 1...
Preprint
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This paper presents a novel non-stationary dynamic pricing algorithm design, where pricing agents face incomplete demand information and market environment shifts. The agents run price experiments to learn about each product's demand curve and the profit-maximizing price, while being aware of market environment shifts to avoid high opportunity cost...
Preprint
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This paper examines the determinants of children's schooling under imperfect credit market conditions in Cameroon, with a particular focus on the role of monetary and non-monetary shocks. Households that are more vulnerable to shocks have a greater incentive to build up a buffer stock to protect themselves against unforeseen negative shocks, and ke...
Preprint
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We develop a behavioral New Keynesian model to analyze optimal monetary policy with heterogeneously myopic households and firms. Five key results are derived. First, our model reflects coherent microeconomic and aggregate myopia due to the consistent transition from subjective to objective expectations. Second, the optimal monetary policy entails i...
Article
Full-text available
The present paper introduces a theoretical framework through which the degree of risk aversion with respect to uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUF...
Book
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This book follows my lectures on Advanced Placement Calculus given in the International School of Economics of Kazakh-British Technical University in Almaty, Kazakhstan. In 2011-2017 first-year students of the ISE together with AP Calculus studied AP Statistics, AP Microeconomics, AP Macroeconomics. At the end of the first year after the internal,...
Book
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This book presents readers with a technical tool-kit to understand the economics of airlines. It starts by covering the key language and glossary of the air travel business, which is necessary for graduates or first-time employees in aviation to understand the content of conversations, meetings, presentations and internal aviation communications. I...
Article
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Concerns related to the future of work has precipitated various studies aimed at ensuring that the labour market is a place where people can earn a living, work in dignity, and flourish as human beings. Studies on labour market inequalities and how macroeconomic policies can be used to address such inequalities are also plentiful. What macroeconomi...
Article
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In recent years, studies have been conducted to quantify the relationship between microeconomic and macroeconomic development. Macroeconomics is the orientation of microeconomic development. Existing research hopes to quantify the relationship between macroeconomics and micro-firms, rather than just focusing on economic indicators. And some empiric...
Article
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The highly unequal access to COVID-19 vaccines observed at a critical moment of the pandemic coupled with the considerable profits cashed by the main vaccine producers have brought the debates on patent protection back into sharp focus. The trade-off between the need to encourage innovation through patent protection and the right of populations acr...
Article
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We study the effects of firm-level microeconomic fluctuations on aggregate productivity in the United Kingdom. We show that a standard measure of residual productivity growth of the largest UK firms (the ‘granular residual’) produces results that are partly counter-intuitive and statistically insignificant. To combat this, we propose a refinement t...
Article
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Many scientific fields need to know how human systems develop. From an economic point of view, the main factors of system output change are changes in the quantity of inputs (extensive factors) and changes in efficiency (input quality and productivity, intensive factors). The growth accounting (GA) method is used for the calculation of the impact o...
Article
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Historically, the minimality of surfaces is extremely important in mathematics, and the study of minimal surfaces is a central problem, which has been widely concerned by mathematicians. Meanwhile, the study of the shape and the properties of the production models is a great interest subject in economic analysis. The aim of this paper is to study t...
Article
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This paper examines the role of macro and microeconomic determinants in bank profitability in the EU-27. To identify how defined variables can affect profitability, a regression model was constructed with a multicollinearity condition, with multicollinearity below the defined value. Data were collected based on 3,257 bank balance sheets and the Wor...
Article
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International trade can increase product market competition and hence be pro‐competitive. Is this feature captured in new trade models? I study this question in a setting with firm heterogeneity à la Melitz, under any productivity distribution and standard demands (e.g., demands from an additively separable utility, linear, translog, logit). My res...
Article
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The European Green Deal sets out a detailed vision for Europe to become a climate-neutral continent by 2050 by providing clean, secure, and affordable energy. Thus, with the aim of providing a market-oriented perspective on the economic potential of biomass-related activities, several data were analyzed in this research paper. The positive impact o...
Article
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With the growing environmental pollution and adverse climatic conditions, it is now a globally vibrant topic whether housing prices should be associated with the quality of the environment in a particular region. From the microeconomic approach to environmental economics, it is proposed that property prices in any region should be associated with t...
Article
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Business has always been conducted between races and nations through the history, whereas lack of communication has hindered products accessibility. In other words, trading was limited to special regions, products, and routes. Recent improvements in technology have facilitated communication and solved such problem, but a new problem has been posed....
Book
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This book dwells on a specialized subject matter in corporate and macro finance which is the theoretical and empirical association between inflation, inflation variability, and stock returns. The analysis, while being mainly applied to the experience of the United States of America, covers also the international evidence. The major intent is to gat...
Article
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The paper presents a theoretical, conceptual and empirical discussion on the relationship of foreign direct investment (FDI) and transfer of knowledge and technology at the company level and destination territory. For this purpose the paper is structured in three sections. In the first part, the different transmission channels that enable the poten...
Article
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Purpose Do financial services needs depend on the firm size? To highlight the impact of different categories of financial services on firm performance, we establish a correspondence between financial services and firms' performance classified according to their size, controlling with the determinants of firm performance and the obstacles that hinde...
Article
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Background Cardiovascular diseases (CVDs) present a huge threat to population health and in addition impose severe economic burden on individuals and their households. Despite this, there is no research evidence on the microeconomic impact of CVDs in Nigeria. Therefore, this study estimated the incidence and intensity of catastrophic health expendi...
Article
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This paper brings, as an element of novelty and originality, a strategic feasibility study, in the form of a logical analysis related to the proposed objective, with particularization to the area of the EFTA plus the UK and Ireland. We tried to achieve an overall picture of a sustainable and prudent transition at the macroeconomic level, but also a...
Article
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We design an induced value laboratory consumption choice experiment where complex tariff schemes trigger nonlinear simplification heuristics that lead individuals to over- or underconsume public goods such as electricity, gas, or drinking water. By studying this “schmeduling” bias, we investigate how an informational nudge could reduce it. Particip...
Preprint
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High Fertility Traps (HFTs) have well explored delterious and mutually reinforcing effects on inequality and economic growth/development. The extant literature explains them point-wise as the result of an incorrect (socially suboptimal) allocation of incentives or demand for fertility for some representative agent — i.e. as a kind of market failure...
Article
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Non-pharmaceutical interventions (NPIs) constitute the front-line responses against epidemics. Yet, the interdependence of control measures and individual microeconomics, beliefs, perceptions and health incentives, is not well understood. Epidemics constitute complex adaptive systems where individual behavioral decisions drive and are driven by, am...
Article
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Promoting high-quality economic development with high-level ecological protection is one of the most important tasks in China’s new stage of development. The improvement of enterprise performance is the micro-foundation of high-quality economic development, while environmental regulations aim to reduce the negative effect of economic development on...
Article
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The emergence and global spread of ICT have brought about a new socioeconomic challenge of digital exclusion. Over time, this challenge has become a complex societal issue with direct economic repercussions in many areas. Specifically, this phenomenon is crucial from the labour market perspective, at both the macroeconomic and microeconomic levels....
Article
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To ensure the realization of carbon neutrality and emission peak, the Chinese government promulgated the pilot policy for an emissions trading scheme (ETS) in 2011 and gradually expanded the range of the pilot program. However, it has not been systematically studied whether this policy can achieve double dividend and its transmission mechanism. Bas...
Article
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In this study, we propose a microeconomics model to verify effects of the non-cash collateralization on the liquidity of the over-the-counter (OTC) derivatives markets accepting both cash and non-cash assets. Liquidity is measured as an equilibrium volume of the derivatives contract. The equilibrium volume is obtained by solving the utility maximiz...
Article
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Мақолада соғлиқни сақлаш соҳасида иқтисодий хавфсизликнинг макроиқтисодиёт, мезоиқтисодиёт ва микроиқтисодиёт даражаларидаги мазмуни очиб берилган. Иқтисодий хавфсизликка таҳдидлар ўрганилган. Ўзбекистонда соғлиқни сақлаш соҳаси ҳолати ва муаммолари таҳлил қилинган ҳамда соҳада иқтисодий хавфсизликни таъминлаш бўйича таклифлар асослаб берилган. Кал...
Chapter
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Sustainable management through recycling of the food waste into animal feedstock is one of the promising approaches to overcome the food wastage-related issues. However, this action has been limited in some developed countries due to the lack of safety and security issues. Food waste contains high moisture content and it causes the spread-out of ba...
Article
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The aim of the study is to investigate the impact of sentiment of individual investors on the stock volatility and return at Asian countries stock markets. To further examine the effect of individual investor sentiment; stock return and volatility in among Asian countries. The study uses monthly consumer confidence index as a proxy of investor s...
Article
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The global growth of urban slums has been attracting interrogations in economic research as well as problems for policymakers. This study investigates the urban slum lifestyle of the people living in slums in selected areas of the three (3) senatorial districts of Lagos State, Nigeria. The research employs participant observation where the research...
Conference Paper
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The entrepreneur is one of the most important and essential input used in the production and services process and have effect in growth of economy of the country or nation. So and in microeconomic aspect, entrepreneurs have an important role in building and creating a new companies. They also are contributors in most of the time promoting the creat...
Article
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The objective of this article is to examine the effect of decentralization on the quality of the provision of social services in Cameroon. Decentralization is measured using a synthetic microeconomic index. The appreciation that the populations make of the offer of social services in the 2016 Afrobarometer survey on Cameroon makes it possible to me...
Article
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The investigators always have difficulty selecting a sample for the practical use of the stratified random sampling, such that the precision of the finite population under cost constraints is optimized significantly. Identifying stratum boundaries in stratified sample design also includes an essential recurrent challenge in the sampling process. Th...
Article
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This study applied a logistic regression model to determine the odds ratio of selecting clean versus unclean energy as the main household fuel choice. This study also undertook to establish the coefficients of the factors determining household fuel energy choice. A large microeconomic dataset from KIPPRA's comprehensive study and analysis on fuel u...
Article
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In this paper, we study overconfidence and goal-setting in academic performance, with and without monetary incentives. Students enrolled in a microeconomics course were offered the possibility of setting their own target grade before taking part in the final exam. They were also asked to guess their grade immediately after they had taken the exam (...
Article
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This study examines the impact of remittance on household welfare measured by consumption expenditures in the western region of Nepal. We used regional-level microeconomic data obtained from the Nepal Living Standards Survey (2010/2011) and employed Propensity Score Matching (PSM). Our results show that remittance-receiving households spend 34% and...
Article
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The aim of the paper is to investigate the impact of SEO on the business performance of a private university in Sarajevo. Thus, the main research question provides the finding on how does the implementation of SEO influence the performance of the business. Moreover, the tested hypothesis presents whether SEO positively influences the business perfo...
Book
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PRINCIPLES OF PERSONALIST ECONOMICS is a textbook for teaching introductory economics to university students enrolled in a four-year degree program. It focuses on a critical examination of human persons as economic agents such as buyers and sellers, workers and employers, bankers and borrowers. It contains a total of 37 topics that are organized ar...
Article
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We document trends in food security up to one full year after the onset of the COVID-19 pandemic in four African countries. Using household-level data collected by the World Bank, we highlight differences over time amid the pandemic, between rural and urban areas, and between female-headed and male-headed households within Burkina Faso, Ethiopia, M...
Article
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The impact of artificial intelligence (AI) on the economy and industry has gradually extended from the macroeconomic to the microeconomic level. Artificial intelligence technology has brought great innovation and impact to the company’s operation and management and has a strong role in promoting the level of corporate governance. Based on an in-dep...
Article
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Actors across all economic sectors of society will need to adapt to cope with the accelerating impacts of climate change. However, little information is currently available about how microeconomic actors are adapting to climate change and how best to support these adaptations. We reviewed the empirical literature to provide an overview of (1) the c...
Book
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This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early...