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respond in such a way that the price approaches, in a very short time, the marginal cost. For the remaining stages, but the …, based on higher Cournot's profits than Stackelberg's profits. Keywords: Duopoly, Durable, Price, Profit. …
Persistent link: https://www.econbiz.de/10005135030
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this … indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …
Persistent link: https://www.econbiz.de/10005413280
present length of time squeezes down the durable price. The willingness to replace the durable in the future, on the one hand …
Persistent link: https://www.econbiz.de/10005561804
On 16 July 2001 the Assistant Treasurer referred a range of legislation and associated regulations relating to spectrum management processes which are provided for under radiocommunications and other legislation, for inquiry and report.The Commission made a series of recommendations designed to...
Persistent link: https://www.econbiz.de/10005135050
In January 2003, the Government asked the Commission to undertake a study into the Mutual Recognition Agreement (MRA) and Trans-Tasm an Mutual Recognition Arrangement (TTMRA).
Persistent link: https://www.econbiz.de/10005135060
The Commission was asked to evaluate current assistance arrangements to the TCF industries and provide policy options for post 2005 assistance and to report on a range of related matters that will affect the sector's long-term viability. The inquiry will also look at relevant workplace issues...
Persistent link: https://www.econbiz.de/10005135095
institutions and the management of those resources. The objective of the study was to collect information for Australia and other … as a proportion of GDP was higher in Australia in 1999 than in the United Kingdom and some other European countries — but …
Persistent link: https://www.econbiz.de/10005135111
This paper provides an economic framework within which to consider the effectiveness and limitations of auction markets. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the efficient allocation of resources, and industry...
Persistent link: https://www.econbiz.de/10005561841