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Technical Change, Pecuniary Externality and the Market Failure
Pant, Hom M. - EconWPA - 1996
First, a small open economy is analyzed to show that even a complete and competitive market may fail to produce Pareto-efficient outcomes under conditions of changing technology. It is mainly because price- taking agents can make the prices they face by changing their technology or technique of...
Persistent link: https://www.econbiz.de/10005124963
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THE TOWER OF BABEL? THE INNOVATION SYSTEM APPROACH VERSUS MAINSTREAM ECONOMICS.
Hers, Johannes; Nahuis, Niek - EconWPA - 2004
The Innovation systems (IS) approach and the system failures it identifies, play an important role in the design and legitimization of innovation policy. This paper analyses the usefulness of this concept. We conclude that the IS-approach can be useful to visualize the complexity of the...
Persistent link: https://www.econbiz.de/10005126082
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Productivity Measures in the Presence of 'Poorly Priced' Goods
Perrin, Richard K.; Fulginiti, Lilyan E. - EconWPA - 2005
The objective of this paper is to present Hickssian general equilibrium approaches to productivity measurement in the presence of market failure.
Persistent link: https://www.econbiz.de/10005560961
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005076623
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005125975
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005125976
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005062466
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Business Profitability and Social Profitability: Evaluating Industries with Externalities, The Case Casinos.
Grinols, Earl L.; Mustard, David B. - EconWPA - 2005
Casino gambling is a social issue, because in addition to the direct benefits to those who own and use casinos … externalities generated by casinos. Lastly, it corrects many prevalent errors in the debate over the economics of casino gambling. …
Persistent link: https://www.econbiz.de/10005561010