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Generalized Microeconomics Hlavacek Jirihlavacek Michalpelikan

  • SKU: BELL-59496884
Generalized Microeconomics Hlavacek Jirihlavacek Michalpelikan
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Generalized Microeconomics Hlavacek Jirihlavacek Michalpelikan instant download after payment.

Publisher: Charles University in Prague, Karolinum Press
File Extension: EPUB
File size: 4.84 MB
Author: Hlavacek, Jiri;Hlavacek, Michal;Pelikan, Jan;Zak, Milan;Havlicek, Jan; & Michal Hlaváček
Language: English
Year: 2018

Product desciption

Generalized Microeconomics Hlavacek Jirihlavacek Michalpelikan by Hlavacek, Jiri;hlavacek, Michal;pelikan, Jan;zak, Milan;havlicek, Jan; & Michal Hlaváček instant download after payment.

The generalization of microeconomics (maximization of the probability of agent's survival) enabled a model description of economic rationality even in the fields, where profit maximization is not suitable, like redistribution, the non-profit sector, both positive and negative externalities, centrally planned economy etc. When the profit criterion is adequate, the general criterion is identical with profit maximization.

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