'Competitive equilibria' presentation slideshows

Computational complexity of competitive equilibria in exchange markets

377 views • 23 slides

Chapter 15

Chapter 15. Competitive Markets in the Long Run. Objective. Long Run Equilibrium Identical firms Heterogeneous firms Constant / Increasing/ Decreasing cost industries Welfare properties of competitive markets. Price. Price. LR or SR equilibrium?. ATC. S. MC. ? 1. p e. p e. D.

368 views • 21 slides

The Welfare Economics of Market Power

The Welfare Economics of Market Power. Roger Ware ECON 445. Consumer Surplus, Producer Surplus, Total Surplus. Consumer Surplus is the difference between the consumer's willingness to pay for another unit of output and the price actually paid.

465 views • 12 slides

The Welfare Economics of Market Power

The Welfare Economics of Market Power. Roger Ware ECON 445. Consumer Surplus, Producer Surplus, Total Surplus. Consumer Surplus is the difference between the consumer's willingness to pay for another unit of output and the price actually paid.

173 views • 12 slides