Academic literature on the topic 'Perfect and incomplete competition'

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Journal articles on the topic "Perfect and incomplete competition"

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Guthmann, Rafael R. "Vanishing Market Power." Estudos Econômicos (São Paulo) 54, no. 1 (2024): 135–66. http://dx.doi.org/10.1590/1980-53575415rrg.

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Abstract Perfect competition can be approximated in an environment with differentiated goods, heterogeneous firms, and frictions of trading. This paper considers an environment where sellers sell differentiated goods to buyers, and frictions of trading are represented by the buyers having incomplete consideration sets of the sellers in the market. Besides selling differentiated products, some sellers are more “prominent” and so are present in a larger number of buyers’ consideration sets. However, despite these imperfections, as the average number of sellers in the buyers’ consideration sets e
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Satterthwaite, Mark, and Artyom Shneyerov. "Dynamic Matching, Two-Sided Incomplete Information, and Participation Costs: Existence and Convergence to Perfect Competition." Econometrica 75, no. 1 (2007): 155–200. http://dx.doi.org/10.1111/j.1468-0262.2007.00735.x.

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Ganapati, Sharat, Joseph S. Shapiro, and Reed Walker. "Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes." American Economic Journal: Applied Economics 12, no. 2 (2020): 303–42. http://dx.doi.org/10.1257/app.20180474.

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We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than model
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Ristic, Bojan, and Dejan Trifunovic. "Horizontal mergers and weak and strong competition commissions." Ekonomski anali 59, no. 202 (2014): 69–106. http://dx.doi.org/10.2298/eka1402069r.

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In this paper we analyse the horizontal merger of companies in an already concentrated industry. The participants in mergers are obliged to submit notification to the Competition Commission but they also have the option of rejecting the merger. At the time of the notification submission the participants do not know whether the Commission is strong or weak, and they can complain to the Court if the Commission prohibits the merger. We model the strategic interaction between Participants and Commission in a dynamic game of incomplete information and determine weak perfect Bayesian equilibria. The
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Marin, Jorge Barrientos, and Hector Gomez Marin. "Oligopoly and Collusion in the Colombian Electricity Market." International Journal of Energy Economics and Policy 12, no. 3 (2022): 125–34. http://dx.doi.org/10.32479/ijeep.12883.

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The Wholesale Electricity Market –WEM– in Colombia was created with Laws 142 and 143 of 1994 with the aim of promoting and preserving competition among agents and guaranteeing an efficient energy spot price. However, in practice the market works as an oligopoly in competition; evidence indicates there is market concentration, without reaching abuse of dominant position or price collusion, at least not explicitly. This paper develops a game model with incomplete information, in which there is at least a Perfect Bayesian Equilibrium with implicit collusion among agents. That is, it is highly lik
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Kim, Weon-Seek. "Platform Competition and Mandatory Exclusive Homing under Differentiated Cross Network Effects and Incomplete Information on Buyer Type." Korea International Trade Research Institute 18, no. 4 (2022): 263–78. http://dx.doi.org/10.16980/jitc.18.4.202208.263.

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Purpose - This paper aims to analyze competition between two platforms with asymmetric cross indirect network effects under hidden buyer sensitivity. Platforms are differentiated by indirect network effects toward buyers that are also differentiated privately with sensitivity to the effects.
 Design/Methodology/Approach - We set up a platform competition model based on a signaling game and thus characterized a perfect Bayesian Nash equilibrium. A nature selects two types of buyer with a certain probability. Each type of buyer chooses one platform (single-homing). Sellers can choose either
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Satterthwaite, Mark, and Artyom Shneyerov. "Convergence to perfect competition of a dynamic matching and bargaining market with two-sided incomplete information and exogenous exit rate." Games and Economic Behavior 63, no. 2 (2008): 435–67. http://dx.doi.org/10.1016/j.geb.2008.04.014.

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Castro, Luis E., and Nazrul I. Shaikh. "Optimal Advertisement Spending in a Duopoly with Incomplete Information." International Journal of Business Analytics 5, no. 3 (2018): 1–21. http://dx.doi.org/10.4018/ijban.2018070101.

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This article presents the relationship between a firm's advertisement spending and sales in a duopoly when information about the competitors' advertisement spending is unavailable. The competitive interaction between the firms has been modeled as imperfect information Cournot and Stackelberg games and the conditions for subgame perfect Bayesian Nash equilibrium are presented. The results suggest that when the firms are similar in size and advertisement effectiveness, both firms are better off sharing their advertising plans with each other. On the other hand, when one of the firms is a market
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Zhou, Yijia. "Market Efficiency in the UK Emerging Financial Markets." Advances in Economics, Management and Political Sciences 19, no. 1 (2023): 366–71. http://dx.doi.org/10.54254/2754-1169/19/20230161.

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The UK financial market system is huge, more clearly divided and more functional. Under the impact of the world financial innovation trend and the increasing competition in the international financial market, the UK financial market has made quite bold financial innovations. The internationalization trend of the UK's emerging financial market, capital market and London foreign exchange market are all strengthening. The efficiency of financial markets has a significant impact on the effective functioning of financial markets and thus on the efficiency of real economic operations. Market efficie
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Monderer, D., and M. Tennenholtz. "Dynamic Non-Bayesian Decision Making." Journal of Artificial Intelligence Research 7 (November 1, 1997): 231–48. http://dx.doi.org/10.1613/jair.447.

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The model of a non-Bayesian agent who faces a repeated game with incomplete information against Nature is an appropriate tool for modeling general agent-environment interactions. In such a model the environment state (controlled by Nature) may change arbitrarily, and the feedback/reward function is initially unknown. The agent is not Bayesian, that is he does not form a prior probability neither on the state selection strategy of Nature, nor on his reward function. A policy for the agent is a function which assigns an action to every history of observations and actions. Two basic feedback stru
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Dissertations / Theses on the topic "Perfect and incomplete competition"

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Shchepetova, Anastasiia. "Incomplete Information : the Role of Competition." Thesis, Toulouse 1, 2014. http://www.theses.fr/2014TOU10036/document.

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Le résumé en français n'a pas été communiqué par l'auteur<br>This thesis analyzes the outcomes of competition in settings with incomplete and costly information. The first two chapters explore in depth the incentives of firms to influence the amount of information available for consumers prior to their purchasing decision. In many markets firms have a potential to make comparison of their offers intentionally costly for consumers, for example, by adopting confusing presentation frames. We analyze the strategic choices of firms and relevant policy implications in three different settings: in th
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Kawai, Shin. "Coodination Failure under Perfect Competition -A Micro Foundation of Keynes-type Consumption Function-." 名古屋大学大学院経済学研究科附属国際経済政策研究センター, 2005. http://hdl.handle.net/2237/11919.

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Kawai, Shin. "Coordination Failure under Perfect Competition : A Micro Foundation of Keynes-type Consumption Function." 名古屋大学大学院経済学研究科, 2010. http://hdl.handle.net/2237/13173.

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Ralytė, Ingrida. "Ekonomikos subjektų konkurencinės aplinkos vertinimas." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2006. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2006~D_20061227_134617-99024.

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Darbo tikslas - išanalizavus metodinę - teorinę literatūrą ekonomikos subjekto konkurencinės aplinkos vertinimo klausimais įvertinti UAB „Vilniaus duona“ konkurencingumą pagal apibendrintą konkurencinės aplinkos vertinimo schemą. Ją pritaikius nustatyta, jog įmonė yra konkurencinga, jos konkurencinė aplinka yra palanki įmonės veiklai, plėtrai, tačiau ji neturėtų apleisti savo pozicijų rinkoje, o išlikti jos lydere, todėl privalo nuolat stebėti konkurencinę aplinką. Darbe iškelta hipotezė - suformuluotos ir apibendrintos konkurencinės aplinkos vertinimo schemos etapų, kuriuos ekonomikos subjekt
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Duc, Nguyen Minh. "The catfish antidumping in perfect and imperfect competition and the role of aquaculture in farmers' happiness." Auburn, Ala., 2007. http://repo.lib.auburn.edu/07M%20Dissertations/NGUYEN_DUC_34.pdf.

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Vázquez, Sedano Alexis. "Essays in contest theory: fostering competition in contests." Doctoral thesis, Universitat Autònoma de Barcelona, 2017. http://hdl.handle.net/10803/403803.

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Esta tesis consiste en tres capítulos sobre la Teoría de concursos. Esta teoría estudia situaciones en las cuáles individuos compiten entre sí para ganar un premio. El bajo rendimiento en concursos aparece naturalmente por distintas razones, como la falta de información o el conflicto entre grupos. El objetivo de esta tesis es encontrar soluciones a este problema. El primer capítulo investiga conflictos entre dos grupos que intentan ganar un premio público y analiza como estos conflictos se ven afectados cuando los grupos son dirigidos por un organizador con la capacidad de imponer transfere
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Schmidt, Robert Christian. "Competition in markets with demand rigidity." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2008. http://dx.doi.org/10.18452/15796.

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Diese Dissertation setzt sich aus fünf Forschungspapieren zusammen. Jedes Kapitel enthält ein Papier. Das erste Kapitel untersucht den Zusammenhang zwischen der Größe des Kundenstamms einer Firma und ihrem Gewinn in einem Markt mit Wechselkosten. Entgegen unserer Intuition wird gezeigt, dass Firmen nicht immer von einer Vergrößerung ihres Kundenstamms profitieren, weil diese die Intensität des Wettbewerbs beeinflusst. Kapitel 2 führt eine ähnliche Untersuchung durch, aber für einen Markt, in dem die Konsumenten unvollständig über die Standorte der Anbieter informiert sind. Es zeigt sich auch h
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Hutchings, Jack A. "No Honor Among Snails: Conspecific Competition Leads to Incomplete Drill Holes in the Naticid Gastropod Neverita delessertiana (R cluz)." Scholar Commons, 2012. http://scholarcommons.usf.edu/etd/4336.

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The fossil record of drilling predation has been widely used to study predator-prey interactions and their relative importance on long-term evolutionary processes. Incomplete drill holes have been interpreted as indicators of failed attacks due to well-defended prey. However, this interpretation is based on pair-wise interactions between one predator and one prey, a condition commonly compromised in nature. The hypothesis that interference among drilling predators leads to an increase in the relative frequency of incomplete drill holes was tested in the laboratory using the naticid Neverita de
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Li, Suxi. "Demand Uncertainty and Price Dispersion." Scholarly Repository, 2007. http://scholarlyrepository.miami.edu/oa_dissertations/59.

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Demand uncertainty has been recognized as one factor that may cause price dispersion in perfectly competitive markets with costly and perishable capacity. With the persistence of the degree of price dispersion in increasingly competitive markets, demand uncertainty has become more important for us to understand the phenomenon of fare inequality. This dissertation consists of three related studies on this topic. In the first study, Prescott (1975) model is extends by incorporating the heterogeneity of customers' reservation values. The model shows that the equilibrium price dispersion also depe
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Ge, Jinfeng. "Essays on Macroeconomics and Political Economy." Doctoral thesis, Stockholms universitet, Nationalekonomiska institutionen, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-78857.

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This thesis consists of three self-contained essays dealing with different aspects of macroeconomics and political Economy. The Relative Price of Investment Goods and Sectoral Contract Dependence I develop a quantitative model to explain the relationship between TFPs at the aggregate and sector levels and contracting institutions across countries. The incomplete contract enforcement induces distortions in the production process which come from the “hold up” problem between a final goods firm and its suppliers. Because investment goods sector is more contract dependent, its productivity suffers
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Books on the topic "Perfect and incomplete competition"

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Pakistan Institute of Development Economics., ed. Perfect competition. Pakistan Institute of Development Economics, 2007.

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Stenbacka, Rune. Dynamic conjectural variations under Cournot competition with incomplete information. Abo Akademi, 1987.

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Rustichini, Aldo. What is perfect competition? College of Commerce and Business Administration, University of Illinois at Urbana-Champaign, 1990.

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Stollery, K. R. Environmental taxes and subsidies with incomplete information and imperfect competition. University of Portsmouth, Dept. of Economics, 1994.

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Arieli, Itai. Infinite sequential games with perfect but incomplete information. The Hebrew University of Jerusalem, Center for the Study of Rationality, 2009.

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Mester, Loretta Jean. Multiple-market contact in an incomplete-information model with imperfectly correlated costs. Federal Reserve Bank of Philadelphia, 1989.

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Mester, Loretta Jean. Multiple-market contact in an incomplete-information model with imperfectly correlated costs. Federal Reserve Bank of Philadelphia, 1989.

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Auerbach, Alan J. Perfect taxation with imperfect competition. National Bureau of Economic Research, 2001.

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César Costa Alves de Mattos. The recent evolution of competition policy in Brazil: An incomplete transition. CERES, 1997.

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Martinez, Xavier. Perfect equilibrium, spatial competition and multiple outlets. London School of Economics and Political Science, 1985.

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Book chapters on the topic "Perfect and incomplete competition"

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Demir, Nurullah, and Ebubekir Izol. "Significant Parameters in Honey Safety." In Food Safety. Nobel Tip Kitabevleri, 2024. http://dx.doi.org/10.69860/nobel.9786053358787.32.

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Food safety is the responsibility of the FAO/WHO Codex Alimentarius Expert Commission to ensure the production of healthy and perfect food. It is expressed as complying with the necessary rules and taking precautions during production, processing, storage, and distribution. The food safety concern associated with honey is of particular significance due to its production and marketing processes being subject to comparatively less regulation and control, unlike other agricultural goods. The issue of honey residue and the potential adulteration of honey with sugar additions has led customers to s
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Harrison, Barry, Charles Smith, and Brinley Davies. "Perfect Competition." In Introductory Economics. Macmillan Education UK, 1992. http://dx.doi.org/10.1007/978-1-349-22006-9_10.

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Pleatsikas, Christopher. "Perfect Competition." In The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-137-00772-8_558.

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Nguyen, Bonnie, and Andrew Wait. "Perfect competition." In Essentials of Microeconomics, 2nd ed. Routledge, 2023. http://dx.doi.org/10.4324/9781003376644-16.

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Sadler, Thomas R. "Perfect Competition." In Microeconomics. Routledge, 2024. http://dx.doi.org/10.4324/9781003533115-9.

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Saha, Bibhas. "Perfect competition." In Advanced Microeconomics. Routledge, 2024. http://dx.doi.org/10.4324/9781003226994-9.

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Khan, M. Ali. "Perfect Competition." In The New Palgrave Dictionary of Economics. Palgrave Macmillan UK, 1987. http://dx.doi.org/10.1057/978-1-349-95121-5_1633-1.

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Ali Khan, M. "Perfect Competition." In The New Palgrave Dictionary of Economics. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_1633-2.

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Khan, M. Ali. "Perfect Competition." In General Equilibrium. Palgrave Macmillan UK, 1989. http://dx.doi.org/10.1007/978-1-349-19802-3_27.

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Harrison, Barry. "Perfect Competition." In Introductory Economics Course Companion. Macmillan Education UK, 1993. http://dx.doi.org/10.1007/978-1-349-13004-7_10.

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Conference papers on the topic "Perfect and incomplete competition"

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Rozas, Luis Alberto Herrero, and José Villar. "A Comparative Analysis of Cournot Equilibrium and Perfect Competition Models for Electricity and Hydrogen Markets Integration." In 2024 20th International Conference on the European Energy Market (EEM). IEEE, 2024. http://dx.doi.org/10.1109/eem60825.2024.10608872.

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Wei, Yihua, and Xiaomin Zhao. "Revenue management with incomplete information dynamic competition." In 2010 International Conference on Logistics Systems and Intelligent Management (ICLSIM). IEEE, 2010. http://dx.doi.org/10.1109/iclsim.2010.5461131.

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Arrufat, Adria, Anne-Flore Perrin, and Pierrick Philippe. "Image coding with incomplete transform competition for HEVC." In 2015 IEEE International Conference on Image Processing (ICIP). IEEE, 2015. http://dx.doi.org/10.1109/icip.2015.7351222.

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Lehmann, Daniel. "Classes of service under perfect competition and technological change." In the 3rd ACM conference. ACM Press, 2001. http://dx.doi.org/10.1145/501158.501179.

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Göktepe, Hülya. "Globalization, Competition and Competition Law." In International Conference on Eurasian Economies. Eurasian Economists Association, 2012. http://dx.doi.org/10.36880/c03.00479.

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The growth of competition law in recent years has been enormous throughout the world. This development of competition law is certainly influenced by globalization. Also, with the impact of privatization and liberalization in the last decade competition law has turned out to be a major concept in developing economies. Competition law provides the formation and protection of free competition. Modern market economy is the basis of the principle of free competition. Free competition provides an effective utilization of resources, price goes down, saving to reduce costs, find new technologies and t
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Jing Dai, Yannick Phulpin, Vincent Rious, and Damien Ernst. "How compatible is perfect competition with transmission loss allocation methods?" In 2008 5th International Conference on the European Electricity Market (EEM 2008). IEEE, 2008. http://dx.doi.org/10.1109/eem.2008.4579022.

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Wenzhuo Shang and O. Volij. "Market-based transmission investment under perfect competition: is it efficient?" In 2006 IEEE Power Engineering Society General Meeting. IEEE, 2006. http://dx.doi.org/10.1109/pes.2006.1709141.

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de Carvalho, Sónia. "From the perfect competition to the Coasian Nature of the Firm." In The 3rd Virtual Multidisciplinary Conference. Publishing Society, 2015. http://dx.doi.org/10.18638/quaesti.2015.3.1.250.

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Frehner, Brian. "“seismic competition: the race to perfect the seismograph in north America”." In International Conference and Exhibition, Barcelona, Spain, 3-6 April 2016. Society of Exploration Geophysicists and American Association of Petroleum Geologists, 2016. http://dx.doi.org/10.1190/ice2016-6566712.1.

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Shi, Wei, Shaobin Liu, Busheng Zheng, Xiangkun Kong, Haifeng Zhang, and Siyuan Liu. "Broadband perfect metamaterial absorption, based on flexible material." In 2016 IEEE International Workshop on Electromagnetics: Applications and Student Innovation Competition (iWEM). IEEE, 2016. http://dx.doi.org/10.1109/iwem.2016.7505057.

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Reports on the topic "Perfect and incomplete competition"

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Auerbach, Alan, and James Hines. Perfect Taxation with Imperfect Competition. National Bureau of Economic Research, 2001. http://dx.doi.org/10.3386/w8138.

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Hausman, Jerry. Valuation of New Goods under Perfect and Imperfect Competition. National Bureau of Economic Research, 1994. http://dx.doi.org/10.3386/w4970.

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Bai, Xue, Arpita Chatterjee, Kala Krishna, and Hong Ma. Trade and Selection with Heterogeneous Firms and Perfect Competition. National Bureau of Economic Research, 2022. http://dx.doi.org/10.3386/w30650.

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Fowlie, Meredith. Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage. National Bureau of Economic Research, 2008. http://dx.doi.org/10.3386/w14421.

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Mendoza, Enrique, and Linda Tesar. A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility. National Bureau of Economic Research, 2003. http://dx.doi.org/10.3386/w9746.

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กุลสมบูรณ์, วิทยา, та วรรณา ศรีวิริยานุภาพ. การศึกษาวิจัยเพื่อพัฒนาระบบฐานข้อมูลราคาอ้างอิงของยา. จุฬาลงกรณ์มหาวิทยาลัย, 2003. https://doi.org/10.58837/chula.res.2003.26.

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การศึกษาวิจัยเพื่อพัฒนาระบบฐานข้อมูลราคาอ้างอิงของยา มีวัตถุประสงค์เพื่อวิเคราะห์ราคาอ้างอิงของยาและจัดทำหลักเกณฑ์และรูปแบบในการนำเสนอข้อมูล ทำการศึกษาโดยการคัดเลือกรายการยาที่ใช้ในมูลค่ามากรวม 62 รายการจากฐานข้อมูลของศูนย์ข้อมูลข่าวสารด้านยาและเวชภัณฑ์ กระทรวงสาธารณสุข พ.ศ. 2544 วิเคราะห์ข้อมูลสถิติราคาอ้างอิงของยาโดยใช้ค่าเฉลี่ยราคาปรับน้ำหนักปริมาณจัดซื้อ (WAP) และดัชนีความแตกต่างของราคายา (DPDI) รวมทั้งการประชุมผู้เชี่ยวชาญและผู้ปฏิบัติงานเพื่อสังเคราะห์หลักเกณฑ์และรูปแบบที่เหมาะสมในการนำเสนอข้อมูล ผลการศึกษาแบ่งเป็น 2 ส่วน (1) ในการวิเคราะห์ความเบี่ยนเบนราคาอ้างอิงของยาจากการจัดซื้อพบรายก
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Frew, Bethany A., Kara Clark, Aaron P. Bloom, and Michael Milligan. Marginal Cost Pricing in a World without Perfect Competition: Implications for Electricity Markets with High Shares of Low Marginal Cost Resources. Office of Scientific and Technical Information (OSTI), 2017. http://dx.doi.org/10.2172/1414901.

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Galiani, Sebastián, Laura Jaitman, and Federico Weinschelbaum. Crime and Durable Goods. Inter-American Development Bank, 2017. http://dx.doi.org/10.18235/0007035.

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Crime and the durability of goods are strongly connected issues. However, surprisingly, they have been studied separately. This paper explores the relationship between the production of durable goods and crime from a theoretical perspective and draws important conclusions for both topics. Crime affects the consumer and producer surplus and thus the behavior of consumers, firms, the market equilibrium, and, in turn, the social optimum. Lower durability of goods reduces the incentive to steal those goods, thus reducing crime. When crime is included in the standard framework of durable goods, the
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Streb, Jorge M., and Gustavo Torrens. Meaningful Talk. Inter-American Development Bank, 2015. http://dx.doi.org/10.18235/0011676.

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This paper develops a semiotic-inferential model of verbal communication for incomplete information games: a language is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic context. Formally, there is an encoding-decoding step where the receiver can understand the sender's message if and only if a common language is used, and an inferential step where the receiver may either trust the message's literal meaning or disregard it when updating priors. The epistemic requirement that information be transmitted through the literal meaning
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Albrecht, Brian C., Thomas M. Phelan, and Nick Pretnar. Time Use and the Efficiency of Heterogeneous Markups. Federal Reserve Bank of Cleveland, 2023. http://dx.doi.org/10.26509/frbc-wp-202328.

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What are the welfare implications of markup heterogeneity across firms? In standard monopolistic competition models, such heterogeneity implies inefficiency even in the presence of free entry. We enrich the standard model with heterogeneous firms so that preferences are non-separable in off market time and market consumption and show that this changes the welfare implications of markup heterogeneity. In this context, homogeneity of markups is neither necessary nor sufficient for efficiency. The marginal cost of the marginal firm is weakly inefficiently high when off-market time and market cons
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