Contestable Markets and the Theory of Industry StructureHarcourt Brace Jovanovich, 1982 - 510 páginas This text presents an integrative theory of what determines prices and industrial structure in contestable markets. The exposition extends theory and technique and suggests some unique perspectives from which to view regulatory and deregulatory policy. |
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Página 21
... increase any output y * by the factor k ' , the cheapest way to do so need not be a proportionate increase in all inputs . Thus , even if average cost does not fall when output is increased by expanding all inputs proportionately , it ...
... increase any output y * by the factor k ' , the cheapest way to do so need not be a proportionate increase in all inputs . Thus , even if average cost does not fall when output is increased by expanding all inputs proportionately , it ...
Página 153
... increase in the price of input i will increase the absolute degree of sub- additivity of the cost function if it increases the cost of multifirm production of y ( for any m - firm division , with m ≥ 2 ) more rapidly than it increases ...
... increase in the price of input i will increase the absolute degree of sub- additivity of the cost function if it increases the cost of multifirm production of y ( for any m - firm division , with m ≥ 2 ) more rapidly than it increases ...
Página 164
... increase in the price of factor i if the utilization of that input increases less than ( more than ) proportionately with an expansion of output along that ray . If input i exhibits the same ( local ) property along all rays , then , by ...
... increase in the price of factor i if the utilization of that input increases less than ( more than ) proportionately with an expansion of output along that ray . If input i exhibits the same ( local ) property along all rays , then , by ...
Contenido
3A Ray Average Cost | 48 |
3D Ray Average Cost Returns to Scale and Market Structure | 57 |
Cost Concepts Applicable | 65 |
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Otras ediciones - Ver todas
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1982 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1988 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1982 |
Términos y frases comunes
AC curve analysis assumption average cost curve average incremental cost Baumol behavior capital Chapter competitive equilibrium concept construction cost complementarities cost function cost surface cost-minimizing cross subsidy definition demand functions discussion economies of scope efficient entry barriers entry costs equal example exist feasible Figure firm's firms producing fixed costs hyperplane implies increase incumbent firms industry configuration industry cost industry output industry structure industry's input prices integer intertemporal investment locus marginal cost market demand minimization minimum monopolist multiproduct firm natural monopoly number of firms oligopoly optimal output vector perfect competition perfectly contestable markets period potential entrants price vector product set product-specific profitable entry quantities Ramsey optimum Ramsey prices Ramsey-optimal ray average cost relevant requires result returns to scale revenues satisfy scale economies single-product subadditivity sufficient sunk costs sustainable configuration sustainable prices tion total cost trans-ray convexity translog unsustainability Willig y₁ yields zero