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 653
... positive profit . If all stores were charging p * , each would get an equal share of the market and thus be making negative profits . Proposition 2 is simply a variant of the well - known argument that declining average cost curves and ...
... positive profit . If all stores were charging p * , each would get an equal share of the market and thus be making negative profits . Proposition 2 is simply a variant of the well - known argument that declining average cost curves and ...
Página 712
... positive under CARA or , if W ' > C ' , under CRRA.12 The second term of VH , is equal to ( 33 ) Lwh ( H ) ( * xV2 Bf ( x ) dx a which is positive if L > 0,13 i.e. , if leisure is normal . Thus , introducing uncertainty tends to amplify ...
... positive under CARA or , if W ' > C ' , under CRRA.12 The second term of VH , is equal to ( 33 ) Lwh ( H ) ( * xV2 Bf ( x ) dx a which is positive if L > 0,13 i.e. , if leisure is normal . Thus , introducing uncertainty tends to amplify ...
Página 747
... positive . Being the private ( i.e. , not accounting for externality ) marginal utility of purchasing power , λ can be taken as positive . The term UE is positive / negative if the externality is an economy / diseconomy . Thus , if x is ...
... positive . Being the private ( i.e. , not accounting for externality ) marginal utility of purchasing power , λ can be taken as positive . The term UE is positive / negative if the externality is an economy / diseconomy . Thus , if x is ...
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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