The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 360
... maximize profits subject to reservation utilities ( U ) of the workers . In each case efficiency requires ( 12 ) - ( 15 ) , but the distribution of the profits between workers and capital owners is not determined by these efficiency ...
... maximize profits subject to reservation utilities ( U ) of the workers . In each case efficiency requires ( 12 ) - ( 15 ) , but the distribution of the profits between workers and capital owners is not determined by these efficiency ...
Página 483
... maximizing overall conglomerate profits is to maximize each subsidiary's profits by setting its output to the level at which marginal cost equals price -exactly what each subsidiary would have done if it were an independent purely ...
... maximizing overall conglomerate profits is to maximize each subsidiary's profits by setting its output to the level at which marginal cost equals price -exactly what each subsidiary would have done if it were an independent purely ...
Página 487
... maximize their respective certainty equivalents of profit , both firms adjust their output of q until the marginal cost of reduced expected profit equals the marginal benefit of reduced profit variance . Our assumptions that the firms ...
... maximize their respective certainty equivalents of profit , both firms adjust their output of q until the marginal cost of reduced expected profit equals the marginal benefit of reduced profit variance . Our assumptions that the firms ...
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Palavras e frases frequentes
adjustment analysis assets assumed assumption average behavior capital coefficient consider constant consumer consumption cost countries curve defined demand depends derived determined developed discussion distribution earnings Econ Economic effect efficient equal equation equilibrium estimates example exchange exist expected Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment labor less marginal maximize mean measure ment monetary Note observed obtained optimal output percent period positive possible preferences present problem production profits quantity ratio reduced regulation relative respect risk saving share social substitution supply Table Theory tion trade unemployment United University utility utility function variables wage welfare workers yields zero