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 504
... quantity of the public good be provided than in the undistorted optimum . If this second best quantity is denoted z ' , this says that z ' < z * . If , now , the proposed test using ( 5 ) is applied , there are five possible outcomes ...
... quantity of the public good be provided than in the undistorted optimum . If this second best quantity is denoted z ' , this says that z ' < z * . If , now , the proposed test using ( 5 ) is applied , there are five possible outcomes ...
Página 593
... QUANTITY OUTCOMES , PLATO AUCTION MECHANISM EXPERIMENTS , = 8 3.83 2.73 ments reaching agreement produced quantities of the public good in excess of the relevant free rider quantity . Table 7 records the a ( Type I error ) and 1 - B ...
... QUANTITY OUTCOMES , PLATO AUCTION MECHANISM EXPERIMENTS , = 8 3.83 2.73 ments reaching agreement produced quantities of the public good in excess of the relevant free rider quantity . Table 7 records the a ( Type I error ) and 1 - B ...
Página 595
... Quantities • LE Quantity ( ) Experimental Collective Size Agreeing on Outcome O Production Possibility Frontier ( 9 ) ( 9 ) ( 3,3,3,6 ) 1 5 ( 9 ) 3 4 Quantity of Public Good FIGURE 1 ( 9 ) ( 6 ) ( 3,3,3,3,6,9,9 ) 6 ( 3 ) ( 3,3,9,9 ) ...
... Quantities • LE Quantity ( ) Experimental Collective Size Agreeing on Outcome O Production Possibility Frontier ( 9 ) ( 9 ) ( 3,3,3,6 ) 1 5 ( 9 ) 3 4 Quantity of Public Good FIGURE 1 ( 9 ) ( 6 ) ( 3,3,3,3,6,9,9 ) 6 ( 3 ) ( 3,3,9,9 ) ...
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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 functions 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 preferences 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