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Full-Text Articles in Economic Theory
Core Size, Pricing, And Cost Structure, William K. Edwards
Core Size, Pricing, And Cost Structure, William K. Edwards
Economics Theses & Dissertations
This thesis presents a proof of an inverse limit theorem of the core of an economy. The implication of the theorem is that a larger core can be obtained by the formation of coalitions. A large core contains multiple Pareto optimal allocations from which society may select in order to maximize its welfare. Furthermore, this paper places an emphasis on pricing schemes that guarantee a core allocation under increasing returns to scale. Two pricing models are introduced that guarantee a non-empty core under increasing returns to scale.
The Neo-Classical Contributions To The Theory Of International Trade, Mohammed Arifeen
The Neo-Classical Contributions To The Theory Of International Trade, Mohammed Arifeen
Economics Theses & Dissertations
In a dynamic economy some of the most challenging policy problems tend to originate in the realm of international economic relations. In the post World War II period, these problems have been intensified and become more complex. Students of international economics often feel perplexed by numerous divergent and diametric views that well-trained and prudent men frequently offer for the solutions of what appear to be rather simple problems. Lack of understanding of the theoretical framework of international trade is largely responsible for students' puzzlement.
It is the purpose of this thesis to assemble a minimum framework of the theoretical issues …