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 848
... regulation of prices , as most theories describe it , results in winners and losers . ' Because someone is worse off as a result of regulation , the usual theories of regulation admit an arbitrary form of transitional inequity . In ...
... regulation of prices , as most theories describe it , results in winners and losers . ' Because someone is worse off as a result of regulation , the usual theories of regulation admit an arbitrary form of transitional inequity . In ...
Página 854
... regulation . Suppose further that if the continuum of industry were regulated , they all would be Pareto optimal ... regulation , ( G * – G ° ) and ( * ° ) , with the consumer's incentive and the producer's incentive for regulation ...
... regulation . Suppose further that if the continuum of industry were regulated , they all would be Pareto optimal ... regulation , ( G * – G ° ) and ( * ° ) , with the consumer's incentive and the producer's incentive for regulation ...
Página 856
... regulation depend on the details of regulation itself , it does imply that the most unattractive one , from both the consumer's and the producer's viewpoints , is an atomistic market that poses no threat to any established , regulated ...
... regulation depend on the details of regulation itself , it does imply that the most unattractive one , from both the consumer's and the producer's viewpoints , is an atomistic market that poses no threat to any established , regulated ...
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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