Functional equivalence between intertemporal and multisectoral investment adjustment costs

Article Abstract:

Two types of adjustment cost specifications, one, which specifies intertemporal adjustment costs, and other, which specifies multisectoral adjustment costs are described. A functional equivalence between these two specifications is demonstrated.

Investments, Cost benefit analysis, Investment management

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What determines aggregate returns to scale?

Article Abstract:

The technology of constant returns to scale in a monopolistically competitive market produce positive profits. When fixed costs are not allowed to vary, the degree of returns to variety determines the degree of aggregate returns to scale.

Monopolistic competition

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Market efficiency and learning in an endogenously instable environment

Article Abstract:

The factors affecting market efficiency in an unstable environment are analyzed.

Science & research, Market Targeting & Approach, Research, Market strategy

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