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Huw Dixon
Huw David Dixon (/hju: devəd dɪksən/; born 1958) is a British economist. He has been a professor at Cardiff Business School since 2006, having previously been Head of Economics at the University of York (2003–2006) after being a professor of economics there (1992–2003), and the University of Swansea (1991–1992), a Reader at Essex University (1987–1991) and a lecturer at Birkbeck College (University of London) 1983–1987. Education Dixon graduated from his first degree in Philosophy and Economics from Balliol College, University of Oxford in 1980, and he went on to do his PhD at Nuffield College, University of Oxford under the supervision of Nobel Laureate Sir James Mirrlees graduating in 1984. Career Dixon was a fellow of the CEPR from 1991 to 2001, a member of the Royal Economic Society council (1996–2001), and a fellow of the Ces-ifo institute since 2000. He has been on the editorial board of the '' Review of Economic Studies'' (1986–1993), the ''Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Keynesian Economics
New Keynesian economics is a school of macroeconomics that strives to provide microfoundations, microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesian macroeconomics by adherents of new classical macroeconomics. Two main assumptions define the New Keynesian approach to macroeconomics. Like the New Classical approach, New Keynesian macroeconomic analysis usually assumes that households and firms have rational expectations. However, the two schools differ in that New Keynesian analysis usually assumes a variety of market failures. In particular, New Keynesians assume that there is imperfect competition in price and wage setting to help explain why prices and wages can become "Sticky (economics), sticky", which means they do not adjust instantaneously to changes in economic conditions. Wage and price stickiness, and the other present descriptions of market failures in New Keynesian Model (macroeconomics), models, imply that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, regulatory impact analysis and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nash Equilibrium
In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy an action plan based on what has happened so far in the game and no one can increase one's own expected payoff by changing one's strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium. If two players Alice and Bob choose strategies A and B, (A, B) is a Nash equilibrium if Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B, and Bob has no other strategy available that does better than B at maximizing his payoff in response to Alice c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Cost
In economics, the marginal cost is the change in the total cost that arises when the quantity produced is increased, i.e. the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount. As Figure 1 shows, the marginal cost is measured in dollars per unit, whereas total cost is in dollars, and the marginal cost is the slope of the total cost, the rate at which it increases with output. Marginal cost is different from average cost, which is the total cost divided by the number of units produced. At each level of production and time period being considered, marginal cost includes all costs that vary with the level of production, whereas costs that do not vary with production are fixed. For example, the marginal cost of producing an automobile will include the costs of labor and parts needed for the additional automobile but not t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bertrand Competition
Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900). It describes interactions among firms (sellers) that set prices and their customers (buyers) that choose quantities at the prices set. The model was formulated in 1883 by Bertrand in a review of Antoine Augustin Cournot's book ''Recherches sur les Principes Mathématiques de la Théorie des Richesses'' (1838) in which Cournot had put forward the Cournot model. Cournot's model argued that each firm should maximise its profit by selecting a quantity level and then adjusting price level to sell that quantity. The outcome of the model equilibrium involved firms pricing above marginal cost; hence, the competitive price. In his review, Bertrand argued that each firm should instead maximise its profits by selecting a price level that undercuts its competitors' prices, when their prices exceed marginal cost. The model was not formalized by Bertrand; however, the id ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Edgeworth
Francis Ysidro Edgeworth (8 February 1845 – 13 February 1926) was an Anglo-Irish philosopher and political economist who made significant contributions to the methods of statistics during the 1880s. From 1891 onward, he was appointed the founding editor of ''The Economic Journal''. Life Ysidro Francis Edgeworth – the order of his forenames later reversed – was born in Edgeworthstown, County Longford, Ireland, the son of Francis Beaufort Edgeworth and his wife, Rosa Florentina, daughter of exiled Catalan general Antonio Eroles. Francis Beaufort Edgeworth, when "a restless philosophy student at Cambridge on his way to Germany", had met Rosa, a teenage Spanish refugee, on the steps of the British Museum, and they subsequently eloped. Francis Beaufort Edgeworth was the son of politician, writer, and inventor Richard Lovell Edgeworth (father also of the writer Maria Edgeworth), by his fourth wife, the botanical artist and memoirist Frances Anne, daughter of the Anglican ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Journal
''The Economic Journal'' is a peer-reviewed academic journal of economics published on behalf of the Royal Economic Society by Oxford University Press. The journal was established in 1891 and publishes papers from all areas of economics.The editor-in-chief is Francesco Lippi (Libera Università Internazionale degli Studi Sociali Guido Carli & Einaudi Institute of Economics and Finance). According to the Journal Citation Reports, the journal has a 2020 impact factor of 3.178. History Introduction The journal was conceived in November 1890, at the inauguration of the British Economic Association (which became the Royal Economic Society in 1902). One of the central aims of the new society was to create a forum through which British economic research could be published. In a circular sent out before the inaugural meeting, Alfred Marshall, one of the founding members of the society, indicated the significant impact a new journal would have on British economic science: ''...the ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Review Of Economic Studies
''The Review of Economic Studies'' (also known as ''REStud'') is a quarterly peer-reviewed academic journal covering economics. The journal is widely considered one of the top 5 journals in economics. It is managed by the editorial board currently chaired by Ruben Enikolopov. The current joint managing editors are Thomas Chaney at University of Southern California, Xavier D’Haultfoeuille at Center for Research in Economics and Statistics, Andrea Galeotti at London Business School, Bard Harstad at Stanford Graduate School of Business, Nir Jaimovich at University of California, San Diego, Katrine Loken at Norwegian School of Economics, Elias Papaioannou at London Business School, Vincent Sterk at University College London, and Noam Yuchtman at University of Oxford. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 6.345. History The journal was founded in 1933 by a group of economists based in Britain and the United States. The original editori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CESifo Economic Studies
''CESifo Economic Studies'' is a journal on economics published by the CESifo Group. It was established as ''IFO Studien'' in 1955 and obtained its current title in 2002. The journal is abstracted and indexed by the Social Sciences Citation Index, Current Contents/Social and Behavioral Sciences, EconLit, International Bibliography of the Social Sciences, Journal Citation Reports/Social Sciences Edition, ProQuest, RePEc, Scopus, Social Science Research Network, and Social SciSearch Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives fro .... References {{reflist Academic journals established in 1955 Economics journals English-language journals Quarterly journals Oxford University Press academic journals 1955 establishments in the United Kingdom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Economic Society
The Royal Economic Society (RES) is a professional association and learned society that promotes the study of economics. Originally established in 1890 as the British Economic Association, it was incorporated by royal charter on 2 December 1902. The Society is a charity registered with the U.K. Charity Commission under charity number 231508. Its patron is Charles III. History British Economic Association was founded in response to changing attitudes towards economics in the 1880s. Up until that point, the study of economics was typically taught as part of a broad curriculum, alongside subjects such as history and philosophy,Alon Kadish and Richard D. Freeman, 'Foundation and Early Years', in ''A Century of Economics: 100 Years of the Royal Economic Society and the Economic Journal'', John D. Hey and Donald Winch (eds), (Oxford: Blackwell, 1990), pp. 22–24 and those engaging in the study of economics came from a number of professions and academic disciplines. Towards the end o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centre For Economic Policy Research
The Centre for Economic Policy Research (CEPR) is an independent, non-partisan, pan-European non-profit organisation. It aims to enhance the quality of policy decisions through providing policy-relevant research, based soundly in economic scholarship, to policymakers, the private sector, and civil society. History CEPR was founded in 1983 by Richard Portes. Economics professor Richard Baldwin (economist), Richard Baldwin served as president from 2014 to 2018, and was Editor-in-Chief as of early 2021. Economics professor and businesswoman Beatrice Weder di Mauro became president in 2018. In October 2021, CEPR opened its new Paris office, intended to become its head office. Weder di Mauro commented that CEPR "is an organisation with a strong European identity and, with Brexit, we felt the need to set ourselves up on the continent." The office is hosted by Sciences Po, which is one of CEPR’s Paris Founding Partners together with AXA, the Bank of France, the Minister of Higher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Huw Dixon 1992
Huw is a Welsh given name, a variant of Hugo or Hugh. Notable people with the name include: * Huw Bennett (born 1983), Welsh rugby player * Huw Bunford (born 1967), guitarist in the Welsh rock band Super Furry Animals * Huw Cadwaladr, Welsh poet * Huw Cae Llwyd (1431–c.1504), Welsh poet * Huw Ceredig (1942–2011), Welsh actor * Huw Davies (chemist), British chemist * Huw Davies (rugby union) (born 1959), English rugby union player *Huw Dixon (born 1958), Professor of Economics at Cardiff University * Huw Edwards (conductor), Welsh conductor * Huw Edwards (born 1961), Welsh journalist, presenter and newsreader * Huw Edwards (politician) (born 1953), Welsh Labour Party politician, and Member of Parliament * Huw T. Edwards (1892–1970), Welsh trade union leader and politician * Huw Edwards-Jones (born 1956), British cabinetmaker *Huw Evans (born 1985), also known as H. Hawkline, Welsh singer-songwriter and radio and television presenter * Huw Garmon (born 1966), Welsh actor * Hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
