We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity … the level of capacity that maximizes social welfare, and compare it to a decentralized outcome. We show that in the … absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …

of development of production, processing and trade of rape and products of its processing. Poland has become a part of … the global market and, therefore, fluctuations of domestic rapeseed prices are significantly affected by changes in … oilseed prices on the European and American commodity markets. / Synopsis. Celem artykułu było przedstawienie zmian jakie …

global milk trade. The volume of trade in milk and dairy products, as well as production, demand and prices paid by consumers … part of the market to the suppliers from the countries with lower costs of production. Such countries as New Zealand, the …

European Union is a lower prices especially resulting from lower remuneration of labour as well as from lower costs of other … production factors. However, along with the increase of salaries, the advantages of Polish producers will be diminished …

a model in which facilities can produce output at a privately known cost up to a previously-determined capacity level …. In such a model, the amount of slack in the firm is shown to be pro-cyclical. Indeed, as capacity constraints become … capacity. …

This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for … normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash …

This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …