'Inverse demand function' presentation slideshows

Price Elasticity of Demand

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Chapter Twenty-Five

Chapter Twenty-Five. Monopoly Behavior. How Should a Monopoly Price?. So far a monopoly has been thought of as a firm which has to sell its product at the same price to every customer. This is uniform pricing . Can price-discrimination earn a monopoly higher profits?.

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Topic 1

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Why study natural resource economics?

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Capacity competition (Stackelberg-Spence-Dixit-Model)

Capacity competition (Stackelberg-Spence-Dixit-Model). How does a firm become a first mover?. Innovation takes time. Official licensing procedures. Strategic effects of sunk costs. Costs are rearranged from the stage of production to the investment period.

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Game Theory Lecture Jan 18

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Simultaneous-move Games

Simultaneous-move Games. With Continuous Pure Strategies. Pure strategies that are continuous. Price Competition Pi is any number from 0 to ? Quantity Competition (Cournot Model) Qi is any quantity from 0 to ? Political Campaign Advertising

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Consumer Surplus

Consumer Surplus. Demand function:. Demand Curve:. Demand Function and Demand Curve. Consider a demand function The inverse demand function is. Cobb-Douglas example:. Inverse Demand Function. Inverse Demand Curve. Optimal choice: Suppose: (composite good) Rearrange:.

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ECON 100 Tutorial: Week 13

ECON 100 Tutorial: Week 13. www.lancaster.ac.uk/postgrad/alia10/ a.ali11@lancaster.ac.uk office hours: 3:45PM to 4:45PM tuesday LUMS C85. Question 1.

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Upcoming in Class

Upcoming in Class. Homework #1 Due Thursday Group Quiz Next Thursday Writing Assignment Due Oct. 28th. Max. Net Benefit. Price of Good. Marginal Cost. Equilibrium Price. Marginal Benefit. Quantity of Good. Equilibrium Quantity. Static Model Time does not matter

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Price Caps, Rate of Return Constraints and Universal Service Obligations

Price Caps, Rate of Return Constraints and Universal Service Obligations. Author: Pio Baake Presented by: Jared Hayden. Price Cap Regulation (PCR). Created in Britain and has been heavily analyzed since. Price Cap Regulation adjusts the:

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VALUATION OF BENEFITS AND COSTS 1

VALUATION OF BENEFITS AND COSTS 1. WHEN MARKETS CLEAR. First Questions First. Is there a market failure that could justify government action? Does it matter? What would happen without government intervention? What should government do? Different answers? Which is better?.

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Spreadsheet-based 0ptimization

Spreadsheet-based 0ptimization. With modern spreadsheets, optimization is a snap. Objective: Execute the optimization of profit functions using the Excel spreadsheet. Problem : Maximizing profits from the sale of microchips. Recall our inverse demand function for microchips [2.2] :.

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The Cost Channel of Monetary Transmission

The Cost Channel of Monetary Transmission. Barth and Ramey. Introduction. Notice the stylized facts about the effects of a contractionary monetary policy action: Output falls after a lag of about four months. Short-term interest rates have largely transitory effects.

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EKONOMI PERINDUSTRIAN II

EKONOMI PERINDUSTRIAN II. MARKET POWER AND WELFARE - Pricing. Introduction. Firm with market power is often called the price maker. Price maker is aware that its output decisions will affect their prices. To sell more they have to reduce price and vise versa.

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Ramsey Pricing

Ramsey Pricing. Assumptions. Natural monopoly Cost minimization requires one firm in the market Strong natural monopoly MC pricing crease deficit MC with subsidies is not an option Barriers to entry Product demands are unrelated (we relax this assumption later in more complex models) .

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Simple Market Problem

Simple Market Problem.

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Price-Output Determination in Oligopolistic Market Structures

Price-Output Determination in Oligopolistic Market Structures. We have good models of price-output determination for the structural cases of pure competition and pure monopoly. Oligopoly is more problematic, and a wide range of outcomes is possible. Cournot Model 1.

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DRQ #4 AGEC 317 4pts September 12, 2013

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DRQ #4 AGEC 317 4pts September 12, 2013

86 views • 2 slides