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We assume that all firms are regulated by a cartel . ... If the cartel chooses the quota F , then firm i's output ( denoted y ; ) must not exceed Fq . Firm i is assumed to produce at constant marginal cost c , and to incur no fixed cost ...
We assume that all firms are regulated by a cartel . ... If the cartel chooses the quota F , then firm i's output ( denoted y ; ) must not exceed Fq . Firm i is assumed to produce at constant marginal cost c , and to incur no fixed cost ...
Página 222
We assume that labor is the only input to production and that there are constant returns to scale . Total labor input will consist of the product of a number of workers , L ,, the number of hours worked per worker ( assumed for the ...
We assume that labor is the only input to production and that there are constant returns to scale . Total labor input will consist of the product of a number of workers , L ,, the number of hours worked per worker ( assumed for the ...
Página 649
A rise in z ' , as evidenced by ( 2a ) and ( 2c ) , is assumed to be favorable to firm i either through a reduction in total costs ( acijazi ... As in the general demand - uncertainty case , it is natural to assume that aq ' / az ' > 0.
A rise in z ' , as evidenced by ( 2a ) and ( 2c ) , is assumed to be favorable to firm i either through a reduction in total costs ( acijazi ... As in the general demand - uncertainty case , it is natural to assume that aq ' / az ' > 0.
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Índice
Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
Direitos de autor | |
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