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 distri- bution 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 distri- bution 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 com ...
... 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 com ...
Página 1038
... maximize ( 1 ) = [ ' f ( q ) dq = c ( q , w ) — E ( 3 ) u = where q , w , and hence s can be written as functions of ... maximizing behavior : ( 8 ) 0 = df ( q ) dq as dq as dw 9+ 1+ dq dt əq dt aw dt dE ( s ) as dq as dw + ds əq dt aw ...
... maximize ( 1 ) = [ ' f ( q ) dq = c ( q , w ) — E ( 3 ) u = where q , w , and hence s can be written as functions of ... maximizing behavior : ( 8 ) 0 = df ( q ) dq as dq as dw 9+ 1+ dq dt əq dt aw dt dE ( s ) as dq as dw + ds əq dt aw ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand function differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero