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Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly....
Persistent link: https://www.econbiz.de/10014179260
On the occasion of the one hundred years' anniversary an unsettled dispute between John Hobson and Alfred Marshall is revived. The paper argues that Marshall misunderstood Hobson, who by claiming that the choice of technique is endogenous arrives at the conclusion that marginal labor is an...
Persistent link: https://www.econbiz.de/10014066170
Labour market dynamics according the individual working hour tension (preferred working hours minus actual working hours) of active people with focus on the self-employed, as professions and entrepreneurs, and employees are investigated in our study. The individual longitudinal analysis based on...
Persistent link: https://www.econbiz.de/10014207261
misquotes, but disparages. Other key sources were ignored. He provides no economic analysis whatsoever of the market for food …
Persistent link: https://www.econbiz.de/10013009870
Anti-poverty policies often aim to reach poor individuals by targeting poor households. However, intra … undernourished individuals are spread across the household per-capita expenditure distribution. We then quantify the extent of food … individual-level poverty rates that account for intra-household inequality. We show that women, children, and the elderly face …
Persistent link: https://www.econbiz.de/10012916460
Using a nested multiple-case study of participating ventures, directors, and mentors of eight of the original U.S. accelerators we explore how accelerators' program designs influence new ventures' ability to access, interpret, and process the external information needed to survive and grow....
Persistent link: https://www.econbiz.de/10012911235
We analyze how the top firms and managers from one market (industry or country) would compete with those from another, to develop an integrated market for talent. In our competitive matching model, in two distinct markets talent has general and market-specific human capital (GHC and M-SHC)...
Persistent link: https://www.econbiz.de/10012935972
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012548209
This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution-more precisely, with regards to their ability to combine an...
Persistent link: https://www.econbiz.de/10012208160
In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...
Persistent link: https://www.econbiz.de/10012131698