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Kolstad's (1994) model of intertemporal, competitive supply to a linear market from two distinct exhaustible resource deposits admits two different interior solutions - one with the low cost deposit "earning" the higher resource rent and the other with the low cost deposit "earning" the lower...
Persistent link: https://www.econbiz.de/10009382073
We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hypothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.
Persistent link: https://www.econbiz.de/10009382078
We set out a simple four sector macro model of the economy of the Roman Empire during a period of considerable economic prosperity. Our focus is on gold coins as currency and the seignorage which the government used to fund its activities. We solve numerically for a balanced growth...
Persistent link: https://www.econbiz.de/10009778576
Kolstad's (1994) model of intertemporal, competitive supply to a linear market from two distinct exhaustible resource deposits admits two different interior solutions - one with the low cost deposit "earning" the higher resource rent and the other with the low cost deposit "earning" the lower...
Persistent link: https://www.econbiz.de/10009739643
We present an aggregate four good model (consumption, in- vestment and two government goods) in which the current .ows of one government good are in part pure public intermediate goods. The other public goods has "final" services for households. We are interested in a benefit approach to...
Persistent link: https://www.econbiz.de/10009739652
We set out a city as a price-taking exporter and importer with its own local structure (housing (land per household) and a local pure public good are produced endogenously). We impove labor efficiency in the export sector, observe a jump in the local wage, and trace the impact, particularly on...
Persistent link: https://www.econbiz.de/10009739667
We find that a discount rate of 3.8% allows us to derive the schedule of "value of life years" in Murphy and Topel [2006] from their schedule of "value of remaining years of life", this latter presumably being based on a "value of statistical life" of $6.3 million. We draw on the Makeham...
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