The American Economic Review, Volume 70American 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 221
... P be- havior , the firm adjusts its production , ex post , according to the observed demand , and hence production is viewed as random before price is set . Contrast this with Q behavior where production is fixed . But we know that ...
... P be- havior , the firm adjusts its production , ex post , according to the observed demand , and hence production is viewed as random before price is set . Contrast this with Q behavior where production is fixed . But we know that ...
Página 222
... p ( q ** , p ** ) ] The superiority of Q over Q / P behavior , as shown in the proof , mainly arises from the disadvantage of Q / P behavior in having to suffer losses in either unsold inventory or foregone potential sales . This ...
... p ( q ** , p ** ) ] The superiority of Q over Q / P behavior , as shown in the proof , mainly arises from the disadvantage of Q / P behavior in having to suffer losses in either unsold inventory or foregone potential sales . This ...
Página 223
post flexibility criterion , which may lead one to infer that P behavior is always preferred to Q / P behavior , is misleading . In observ- ing ( 35 ) , it is clear why there is ambiguity in preference between P and Q / P behavior in ...
post flexibility criterion , which may lead one to infer that P behavior is always preferred to Q / P behavior , is misleading . In observ- ing ( 35 ) , it is clear why there is ambiguity in preference between P and Q / P behavior in ...
Índice
Discussion by P Kenyon G C Harcourt | 26 |
Equality Incentives and Eco | 41 |
Hansen H B Newburger F J Schroeder | 49 |
Direitos de autor | |
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adjustment aggregate Amer analysis assumed assumption average bias capital coefficients commodity consumption cost cost-of-living index curve deflator demand equations distributed lag distribution Econ economics economists effect efficient elasticities empirical equal equilibrium error estimates exchange rate expected expenditure factor firm forecasts h-statistic household hypothesis implies income increase indifference curve indirect utility function interest rate labor input labor market Laspeyres Laspeyres index lenders loan Lorenz curves marginal marginal utility measure ment Metzler's monetary money growth money supply Nash equilibrium nomic nominal numeraire optimal output paper parameters percent period Phillips curve portfolio poverty poverty line problem production Proposition Q/P behavior rate of interest ratio Rational Expectations regression relative sector Statistics Table theory tion tive trade translog unemployment University utility function variables wage rate workers yield zero