Results 151 to 160 of about 17,726 (280)

Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
wiley   +1 more source

Teaching Marginal Analysis: On the importance of emphasising the second-order condition [PDF]

open access: yes
Students employ marginal analysis in investigating various problems regarding resource allocation. The majority of first-year students, however, seem to struggle in applying it to a firm's profit maximisation problem. Their confusion appears to stem from
Akihito Asano
core  

When indemnity insurance fails: Parametric coverage under binding budget and risk constraints

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract In high‐risk environments, traditional indemnity insurance is often unaffordable or ineffective, despite its well‐known optimality under expected utility. We compare excess‐of‐loss indemnity insurance with parametric insurance within a common mean‐variance framework, allowing for fixed costs, heterogeneous premium loadings, and binding budget ...
Benjamin Avanzi   +2 more
wiley   +1 more source

Principles of microeconomics

open access: yes, 2011
xxxii, 318 p.; 28 ...
Bernanke, Ben S., Frank, Robert H.
core  

Estimating National and Foreign Trade Elasticities Using Generalized Transport Costs

open access: yesJournal of Regional Science, Volume 65, Issue 2, Page 471-496, March 2025.
ABSTRACT We introduce the definition of two distinct trade elasticities corresponding to imports from regions located in the same country (national elasticities) and foreign regions located in other countries (foreign elasticities). We resort to a three‐tier nested CES utility structure to derive the corresponding demand gravity equations.
José L. Zofío   +3 more
wiley   +1 more source

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