This paper examines the consumption of water by households that are individually metered (single-metered households) and those sharing a water meter (group-metered households).

We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study, we...

In this paper, a spatial (circular) model is used to endogenously determine product locations and prices when consumers have an elastic (linear) demand with a finite reservation price. I show that a symmetric two-stage Bertrand-Nash equilibrium requires maximal product differentiation....

Исследованы теоретические аспекты понятия «рынок земли». Дано авторское определение рынка земли. Выделены специфические особенности земельного рынка,...

This article offers a comprehensive recapitulation of the relevant economics and case law on demand elasticities and makes some efforts toward rapprochement. The primary purpose is to make the relevant economicanalysis readily available to non-economists concerned with antitrust law, but some of...

Should health care provision be public, private, or both? We look at this question in a setting where people differ in their earnings capacity and express an inelastic demand for health care. We assume that illness reduces a person's health status when not receiving immediate treatment.