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 280
... sunk costs are zero . Long - run fixed costs are those costs that are not reduced , even in the long run , by decreases in output so long as production is not discontinued alto- gether . But they can be eliminated in the long run by ...
... sunk costs are zero . Long - run fixed costs are those costs that are not reduced , even in the long run , by decreases in output so long as production is not discontinued alto- gether . But they can be eliminated in the long run by ...
Página 281
... costs are sunk , lim K ( w , s ) = 0 . 8 → x It should be emphasized that here fixed costs mean costs that are fixed in the long run as well as the short run . Thus , investments in large - scale plant and equipment do not generally ...
... costs are sunk , lim K ( w , s ) = 0 . 8 → x It should be emphasized that here fixed costs mean costs that are fixed in the long run as well as the short run . Thus , investments in large - scale plant and equipment do not generally ...
Página 483
... sunk costs borne by a government or municipality , as they are in U.S. highway systems or airports , or by mandating that sunk costs be shared by a con- sortium , as is to some extent true of international broadcasting satellites ...
... sunk costs borne by a government or municipality , as they are in U.S. highway systems or airports , or by mandating that sunk costs be shared by a con- sortium , as is to some extent true of international broadcasting satellites ...
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