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 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