Managerial Economics and Strategy, 2/e

I

• Imperfect substitutes, indifference curves and, 95

• Implicit (tacit) collusion

  • antitrust policy and, 555

  • in repeated game, 440

• Incentives

  • as hostages for good behavior, 534–535

  • limiting managerial incentives, 509–510, 537–538

• Income

  • budget constraints and, 99–101

  • effect of income change on opportunity set, 103–104

  • relationship to consumer demand, 10

• Income elasticity of demand

  • estimating, 55–56

  • overview of, 54–55

• Income threshold models, China example, 4

• Incomplete information

  • game theory, 416–417

  • solving coordination problems, 417

• Increasing returns to scale (IRS)

  • learning curve and, 183

  • overview of, 144–146

• Indifference curves

  • curvature of, 94–96

  • deriving demand curve from, 112–114

  • preferences and, 90–93

• Indifference maps, 91

• Indirect effects, ...