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Karp, Larry - Department of Agricultural and Resource Economics, … - 1985

good is a nonrenewable resource. The plausibility of the consistent equilibrium, in the absence of binding commitments, is …

Persistent link: https://www.econbiz.de/10010537461

Tariffs and quotas that lower prices and raise welfare

Perloff, Jeffrey M - Department of Agricultural and Resource Economics, … - 1993

Persistent link: https://www.econbiz.de/10010537495

Firm-specific information, product differentiation, and industry equilibrium

Perloff, Jeffrey M; Salop, Steven - Department of Agricultural and Resource Economics, … - 1985

Where consumers have imperfect information about specific firms' prices and lack information about the market, firms have informational market power. In general, improving the consumer's information about each firm's price will not necessarily lower average market price. We show, however, that...

Persistent link: https://www.econbiz.de/10010537499

Imperfection as the Norm

Schaeffer, Peter V. - In: The Review of Regional Studies 39 (2009) 1, pp. 1-7

Although we generally teach economics as if markets formed a perfect system, in reality, there are many instances of …, equilibrium and partial equilibrium models derived from the ideal-typical system have yielded good insights and results. However …

Persistent link: https://www.econbiz.de/10010547721

Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 4 Production and Entropy Processes

Bryant, John - Economic Consultancy, Vocat International - 2012

Chapter from a book entitled Thermoeconomics, A Thermodynamic Approach to Economics (Third Edition), which deals with … the relationships between the disciplines of thermodynamics and economics. Chapter 1 covers historical research on the …

Persistent link: https://www.econbiz.de/10010554299