Latest Articles
Marginal Revenue of Perfect Price Discriminators (11/17/2007)
The marginal revenue of perfect price discriminators is equal to price.
The marginal revenue of perfect price discriminators is equal to price.
Marginal Revenue under Single-pricing - Price Searchers vs Price Takers (11/17/2007)
Single pricing leads to P = MR under price taking or P > MR under price searching.
Single pricing leads to P = MR under price taking or P > MR under price searching.
Profit Maximization - Total vs Marginal (11/17/2007)
Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves
Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves
Efficient emission (10/12/2007)
Emission is efficient when the marginal benefit to the emitter equals to marginal cost to receptors.
Emission is efficient when the marginal benefit to the emitter equals to marginal cost to receptors.
Emitter has right (10/12/2007)
The right to emit means that the emitter does not have to compensate receptors for harm done to them.
The right to emit means that the emitter does not have to compensate receptors for harm done to them.
Receptors have right (10/12/2007)
When receptors have the right to zero emission, zero emission is usually not the end result.
When receptors have the right to zero emission, zero emission is usually not the end result.
