true long run marginal cost of production. The result has applications both to the theory of calculating efficient prices … under cost-based regulation and to the theory of how for-profit firms use accounting data to organize and guide their …

How does an increase in unionization costs, i.e. costs which arise when workers are organized by a union, affect the … unionization, heterogeneous firms as well as free market entry/exit. If unionization costs are relatively low (high), we find that … an increase in these costs decreases (increases) average productivity and welfare decreases (increases). Additionally, we …

decision theory to more fully explain both why the conventional law focuses on minimizing the risk of false-positive outcomes … and why the modern law should be crafted to minimize total probate-error risk. Decision theory suggests that, to identify … the proper goal of a decision-making process, one must compare the error costs of false-positive outcomes and false …