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Iceberg Transport Cost Model
The iceberg transport cost model is a commonly used, simple economic model of transportation costs. It relates transport costs linearly with distance, and pays these costs by extracting from the arriving volume. The model is attributed to Paul Samuelson's 1954 article in Deardorffs' Glossary of International Economics. Paul Krugman's 1991 paper on Economic GeographyKrugman, Paul(1991) "Increasing returns and economic geography". Journal of Political Economy Vol. 99, No.3 (June 1991) is one of the more widely cited papers employing the model. The metaphor is that an iceberg melts when transported, so only a fraction of the starting amount arrives at the destination. And a smaller amount arrives if the distance traveled is longer. A more realistic idea might be an oil tanker that uses up its oil based on the distance it travels. References External links * Krugman, Paul(1991)Increasing returns and economic geography. Journal of Political Economy The ''Journal of Polit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corridor Capacity And Infrastructure Costs
Corridor or The Corridor may refer to: Arts, entertainment, and media Films * ''The Corridor'' (1968 film), a 1968 Swedish drama film * ''The Corridor'' (1995 film), a 1995 Lithuanian drama film * ''The Corridor'' (2010 film), a 2010 Canadian horror film * ''The Corridor'' (2013 film), a 2013 Iranian drama film * ''Corridor'' (film), a 2013 horror short film Other uses in arts, entertainment, and media * ''Corridor'' (album), a 2009 album by Japanese pop singer Miki Imai * ''Corridor'' (comics), the first Indian graphic novel, written by Sarnath Banerjee * ''Corridor'' (short story collection), a short story collection by Alfian Sa'at, published in 1999 * ''The Corridor'' (opera), a 2009 chamber opera composed by Harrison Birtwistle * Corridor Digital, an American production studio based in Los Angeles Passageways * A narrow hallway, or corridor, a passageway to provide access between rooms inside a building *A passageway along a corridor coach *Wildlife corridor Tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. A model may have various exogenous variables, and those variables may change to create various responses by economic variables. Methodological uses of models include investigation, theorizing, and fitting theories to the world. Overview In general terms, economic models have two functions: first as a simplification of and abstraction from observed data, and second as a means of selection of data based on a paradigm of econometric study. ''Simplification'' is particularly important for economics given the enormous complexity of economic processes. This complexity can be attributed to the diversity of factors that determine economic activity; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". "In a career that spanned seven decades, he transformed his field, influenced millions of students and turned MIT into an economics powerhouse" Economic historian Randall E. Parker has called him the "Father of Modern Economics", and ''The New York Times'' considers him to be the "foremost academic economist of the 20th century". Samuelson was likely the most influential economist of the latter half of the 20th century."Paul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Political Economy
The ''Journal of Political Economy'' is a monthly peer-reviewed academic journal published by the University of Chicago Press. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. In the past, the journal published quarterly from its introduction through 1905, ten issues per volume from 1906 through 1921, and bimonthly from 1922 through 2019. The editor-in-chief is Magne Mogstad (University of Chicago). It is considered one of the top five journals in economics. Abstracting and indexing The journal is abstracted and indexed in EBSCO, ProQuest, EconLit , Research Papers in Economics, Current Contents/Social & Behavioral Sciences, and the Social Sciences Citation Index. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 9.103, ranking it 4/376 journals in the category "Economics". The journal is department-owned University of Chicago journal. Notable papers Among the most influential papers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Economic Geography
The ''Journal of Economic Geography'' is a bimonthly peer-reviewed academic journal published by Oxford University Press covering all aspects of economic geography, including the intersection between economics and geography. The editors-in-chief are Harald Bathelt (University of Toronto), Kristian Behrens (Université du Québec à Montréal), Neil Coe ( National University of Singapore), Simona Iammarino (London School of Economics and University of Cagliari) and William R. Kerr ( Harvard Business School). Abstracting and indexing The journal is abstracted and indexed in: According to the ''Journal Citation Reports'', the journal has a 2016 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as ... of 3.648. References External links * Oxford University Press aca ... [...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] |
