• Non ci sono risultati.

output at which price = marginal cost D = (Total net Surplus if one firm is producing y such that price = marginal cost

N/A
N/A
Info
Scarica
Protected

Academic year: 2021

Condividi "output at which price = marginal cost D = (Total net Surplus if one firm is producing y such that price = marginal cost"

Copied!
7
0
0

Caricamento.... (Visualizza il testo completo ora)

Scarica adesso ( 7 pagine )

Testo completo

(1)
(2)

if XXXXXXXXX XXXXXXXXXXXXXXXXX

price = marginal cost OUTPUT y is such that D =

under monopoly

(3)

D = MONOPOLY DEAD-WEIGHT LOSS = LOSS OF TOTAL NET SURPLUS CAUSED BY THE FACT THAT THE MONOPOLIST IS FIXING PRICE p* AND OUTPUT y* such that p* IS HIGHER THEN THE MARGINAL COST OF PRODUCING y*.

MONOPOLY OUTPUT y* < output at which price = marginal cost

D = (Total net Surplus if one firm is producing y such that price = marginal cost) - (Total net Surplus under monopoly)

(4)

for producing y*

AREA S = CONSUMERS' NET SURPLUS

BLUE AREA = MONOPOLY PROFIT = PRODUCER'S NET SURPLUS

(5)

S

monopoly profit

monopoly cost

(6)
(7)

Riferimenti

Scarica adesso ( PDF - 7 pagine - 1.89 MB )

Documenti correlati

0 such that ϕn(P)= P

2.2. it is well defined. This last fact will be used in the proof of the following statement... In this case Theorem 4 is just [32, Theorem 1] adapted to our situation. The existence

. Show that f is coercive, that is

[r]

). The existence of a probability P on A such that

Arbitrage, Convex cone, Equivalent martingale measure, Equivalent probability measure with given marginals, Finitely additive probability, Fundamental theorem of asset

). There is a finitely additive probability P on A, such that P ∼ P

Arbitrage, de Finetti’s coherence principle, equivalent martingale measure, finitely additive probability, fundamental theorem of asset

We first note that if a = b then the locus of points P such that |∠AP B

Solution proposed by Roberto Tauraso, Dipartimento di Matematica, Universit`a di Roma “Tor Vergata”, via della Ricerca Scientifica, 00133 Roma,

such that whenever x, y ≥ 0

[r]

Prove that there is somec ∈ (0, 1) such that f(4)(c

[r]

Prove that if f is a continuous map from D into D such that f (D) is open, then there exists a pointx0∈ D such that d(x0, ∂D

Thus c stays inside D and since it reaches the maximal distance from the boundary, it belongs to