ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00216.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTOsborne noted five problems a cartel has in restricting output to the mutual benefit of its members. Here, we examine one of these: the problem of location of the contract surface. We first model the situation where one firm is able to mislead cartel members about the level of its cost function. We show there is often, in theory, an incentive to do this and thereby increase profit if marginal costs are rising, though not if they are falling. We go on to examine the case where both firms cheat, and to consider possible solutions the cartel might adopt.

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00217.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTThis paper seeks to determine whether, under bilateral monopoly, profit rate regulation induces an input price bias in addition to the well known Averch‐Johnson capital intensity bias. Using a Nash‐type employer‐union, fixed bargaining power model, it is found that regulation may induce lower as well as higher wage rates. Similarly, when the two parties are respectively capital equipment supplier and user, regulation of the user's profit rate has an ambiguous effect on the equipment rental rate. In both cases the input price effect is shown to depend on the elasticity of factor substitution and on how demand elasticity varies with o

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00218.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00219.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTThe Carr‐Darby ‘shock‐absorber’ hypothesis, that unanticipated changes in the moneysupplyinfluence thedemandfor real money balances but anticipated changes do not, is tested on UK data for narrow money, M1. For comparison with earlier studies on US data we take the (real first order) partial adjustment model as one example of a ‘conventional’ demand for money function. However the Carr‐Darby hypothesis is also tested taking a more general autoregressive distributed lag model as the ‘conventional’ demand function. For both ‘conventional’ demand for money functions we find that the shock‐absorber hypothesis is not support

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00220.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00221.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

ISSN:0307-3378    

DOI:10.1111/j.1467-8586.1986.tb00222.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY