The American Economic Review, Volume 86American Economic Association., 1996 Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research. |
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Página 183
... marginal revenues instead of prices . Marginal revenue equals zero at a quantity of .5 . By selling .5 units , the seller earns the same positive marginal revenues on the first .4 units as a seller of only .4 , plus some extra positive ...
... marginal revenues instead of prices . Marginal revenue equals zero at a quantity of .5 . By selling .5 units , the seller earns the same positive marginal revenues on the first .4 units as a seller of only .4 , plus some extra positive ...
Página 244
... marginal benefit from low- ering the price ( and increasing its market share ) equals the marginal cost of expanding production . The Cournot price cannot be sus- tained as an equilibrium , because at this price a firm's marginal ...
... marginal benefit from low- ering the price ( and increasing its market share ) equals the marginal cost of expanding production . The Cournot price cannot be sus- tained as an equilibrium , because at this price a firm's marginal ...
Página 465
... marginal costs . Figure 3 shows the distribution of units and marginal unit costs among the sellers in the MC4 structure . For example , seller A , has eight units : four units with a marginal cost of 120 each , two units with a ...
... marginal costs . Figure 3 shows the distribution of units and marginal unit costs among the sellers in the MC4 structure . For example , seller A , has eight units : four units with a marginal cost of 120 each , two units with a ...
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aggregate American Economic Review analysis assets assume assumption at-will auction average bargaining behavior bidders buyer buyout capital changes coefficient Common Value Auctions competition composite commodity consumption contract correlation debt default demand denote drilling effect efficient employees English auctions equation equilibrium estimated expected firm firm's function given growth health insurance households implies income increase industry innovation investment Journal of Economics labor lease Lemma loan marginal cost ment monetary mortgage Nash equilibrium neoclassical nomic offer optimal outcome output paper parameter percent period predicted preferences profits Proposition ratio regression relative revenue risk risk aversion Section seller senators share signal social standard standard errors statistics strategy structure symmetric equilibrium Table Theorem theory tion tracts trade units University utility variables Veblen effects voters voting wage winner's curse workers zero