Applications of Price Gap and Adjustment Weights in Analyzing a Natural Monopoly with a Linear Decreasing Marginal Cost Function PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Applications of Price Gap and Adjustment Weights in Analyzing a Natural Monopoly with a Linear Decreasing Marginal Cost Function PDF full book. Access full book title Applications of Price Gap and Adjustment Weights in Analyzing a Natural Monopoly with a Linear Decreasing Marginal Cost Function by Naresh C. Mallick. Download full books in PDF and EPUB format.
Author: Naresh C. Mallick
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
Get Book Here
Book Description
A natural monopoly can meet the market demand alone cheaply than several firms together can. A natural monopoly enjoys the economies of scale of production, marginal cost decreases at least in the range of market demand for its product. Assuming a decreasing linear marginal cost function, this paper derives all the competitive, regulatory, and monopoly equilibrium formulae of a natural monopoly model using the price gap and adjustment weights. If also offers welfare analysis and all possible comparisons. It also derives a formula for the minimum compensation that should be made to the natural monopoly to offer the competitive output. Any results of this paper can be applied independently.
Author: Naresh C. Mallick
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
Get Book Here
Book Description
A natural monopoly can meet the market demand alone cheaply than several firms together can. A natural monopoly enjoys the economies of scale of production, marginal cost decreases at least in the range of market demand for its product. Assuming a decreasing linear marginal cost function, this paper derives all the competitive, regulatory, and monopoly equilibrium formulae of a natural monopoly model using the price gap and adjustment weights. If also offers welfare analysis and all possible comparisons. It also derives a formula for the minimum compensation that should be made to the natural monopoly to offer the competitive output. Any results of this paper can be applied independently.
Author: Naresh C. Mallick
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
Get Book Here
Book Description
For a regular upward sloping marginal cost function, this paper derives all recursive formulae of interest in terms of adjustment weights for monopoly second degree price discrimination. The formulae ensure hundred percent recovery of the monopoly deadweight loss as monopoly increased operating profit and consumers' surplus gain. At each sequential monopoly equilibrium block, the results of this paper enable it to see how far it is from target recovery of deadweight loss.
Author: David A. Trumble
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 274
Get Book Here
Book Description
Author: Richard Schmalensee
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 640
Get Book Here
Book Description
Handbook of industrial organization/Schmalensee.-V.2.
Author: Campel R. McConnell
Publisher:
ISBN: 9780073368412
Category : Economics
Languages : en
Pages : 726
Get Book Here
Book Description
Author: A. Mitchell Polinsky
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 992
Get Book Here
Book Description
Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions - for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists. *The two volumes form a comprehensive and accessible survey of the current state of the field. *Chapters prepared by leading specialists of the area. *Summarizes received results as well as new developments.
Author: Campbell R. McConnell
Publisher:
ISBN: 9780071265942
Category : Economics
Languages : en
Pages : 812
Get Book Here
Book Description
Based on three main goals: help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason; and promote a lasting student interest in economics and the economy.
Author: Davide Debortoli
Publisher: International Monetary Fund
ISBN: 1484311752
Category : Business & Economics
Languages : en
Pages : 56
Get Book Here
Book Description
Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple loss functions should feature a high weight on measures of economic activity, sometimes even larger than the weight on inflation. Two main factors drive our result. First, stabilizing economic activity also stabilizes other welfare relevant variables. Second, the estimated model features mitigated inflation distortions due to a low elasticity of substitution between monopolistic goods and a low interest rate sensitivity of demand. The result holds up in the presence of measurement errors, with large shocks that generate a trade-off between stabilizing inflation and resource utilization, and also when ensuring a low probability of hitting the zero lower bound on interest rates.
Author: Gregory Werden
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 66
Get Book Here
Book Description
Author: Pedro Belli
Publisher: World Bank Publications
ISBN: 9780821348505
Category : Business & Economics
Languages : en
Pages : 294
Get Book Here
Book Description
This books presents general principles and methodologies of quantitative risk analysis; provides theory and practice of how to evaluate health, transport and education projects and describes how to assess the environmental impact of projects. It looks at how the tools of cost benefit analysis can be applied from the point of view of the private sector, public sector, bankers, and the country as a whole. It encourages analysts to answer a number of key questions that are likely to increase success rather than simply describing techniques. This book as aimed at all concerned with resource allocation and is presented in an accessible fashion. It is required reading at World bank Institute courses.
