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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... integer solutions . To find them , between rays OF and OG draw in all the horizontal line segments corresponding to integer values of m . Then any point on such a line segment above y ' represents an integer number of firms capable of ...
... integer solutions . To find them , between rays OF and OG draw in all the horizontal line segments corresponding to integer values of m . Then any point on such a line segment above y ' represents an integer number of firms capable of ...
Página 39
... integer number of firms which can produce it at minimum average cost AC ( ym ) . For example , at any output between y = 1.4 ( point R ) and y ' = 2 ( point S ) the vertical line does not intersect any integer line segment between OF ...
... integer number of firms which can produce it at minimum average cost AC ( ym ) . For example , at any output between y = 1.4 ( point R ) and y ' = 2 ( point S ) the vertical line does not intersect any integer line segment between OF ...
Página 109
... integer , then my1 ) is either the integer just smaller or the integer just larger than y / y . Formally , ( 5D1 ) [ y1 / yM ] ≤m ( y1 ) ≤ [ y1 / yM ] . 6 This result has also been proved by Ginsberg ( 1974 ) using more restrictive ...
... integer , then my1 ) is either the integer just smaller or the integer just larger than y / y . Formally , ( 5D1 ) [ y1 / yM ] ≤m ( y1 ) ≤ [ y1 / yM ] . 6 This result has also been proved by Ginsberg ( 1974 ) using more restrictive ...
Contenido
3A Ray Average Cost | 48 |
3D Ray Average Cost Returns to Scale and Market Structure | 57 |
Cost Concepts Applicable | 65 |
Derechos de autor | |
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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