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We develop a monopolistic-competition model of closed two-sector one-factor economy, where agents are (continuously) heterogeneous in their entrepreneurship abilities and choose between being employees or entrepreneurs. The sufficient conditions in terms of variable elasticity of substitution...
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An integrated management system is introduced when a company wants to achieve conformity of multiple norms with the aim of reducing the amount of paperwork, the time needed for assessment and the costs in construction and system maintenance. As the number of individual management systems has...
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We provide a novel explanation for why manufacturers want to enforce a minimum resale price (min RPM) on retailers. A manufacturer sells her good via a multi-product retailer to final consumers by charging a linear wholesale price. The manufacturer then maximizes her profit through min RPM...
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in most cases, they organized as natural monopoly markets. This article examines the three variants for the formation of … prices for household consumers on monopoly district heating market: market equilibrium of supply and demand for heat energy … classical model of monopoly market. The model was applied to conduct the studies on a heat supply system with three heat sources. …
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