Capital gains and net national product in open economies

Article Abstract:

The capital gains and net national product in world economies are analyzed. It is argued that if the world economy follows an egalitarian path, then the aggregate capital gains are positive and equivalent to interest rates that tend to decrease. Thus, countries must accumulate national wealth to ensure that consumption remains constant. It is also shown that a country's share of worldwide sustainable consumption equals its share of worldwide wealth.

International aspects, International economic relations, National income

---

Economies of scale and self-financing rules with non-competitive factor markets

Article Abstract:

Pricing output at marginal cost results in earnings with cost functions that are related to the degree of local scale economies. This result occurs despite an increasing factor supply curve in the scale economies, an indication that marginal-cost pricing can be profitable despite a constant return to scale. The applicability of the derived conclusions is demonstrated by a number of court rulings on land acquisitions for highways.

Highways & Streets Constructn, Highway and Street Construction, Finance, Road construction, Economies of scale

---

Price Ceilings in Competitive Markets with Variable Quality

Article Abstract:

Price ceilings are examined for a competitive market in which product quality is variable. Market clearing is accomplished by an equilibrium price. The equilibrium price rises because of the demand gap resulting from the ceiling.

Price control, Price regulations

Similar abstracts:

• Abstracts: Generational accounting in open economies. Borrowing constraints and asset market dynamics: evidence from the Pacific Basin
• Abstracts: Optimal fiscal policy in open economies with labour market distortions. Price and income distortions under separate spending and taxing decisions
• Abstracts: Capital gains taxation and residential mobility in Sweden. The optimal taxation of unskilled labor with job search and social assistance
• Abstracts: Social evaluation functions, economic isolation and the Suit index of progressivity. Performance rating and yardstick competition in social service provision
• Abstracts: The Kaldor compensation test and rational choice. Do economic incentives affect work absence? Empirical evidence using Swedish micro data

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.