Latest Articles
Marginal Revenue of Perfect Price Discriminators (11/17/2007)
The marginal revenue of perfect price discriminators is equal to price.
The marginal revenue of perfect price discriminators is equal to price.
Marginal Revenue under Single-pricing - Price Searchers vs Price Takers (11/17/2007)
Single pricing leads to P = MR under price taking or P > MR under price searching.
Single pricing leads to P = MR under price taking or P > MR under price searching.
Profit Maximization - Total vs Marginal (11/17/2007)
Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves
Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves
Efficient adverse impact (10/12/2007)
Adverse impact is efficient when marginal benefit to the impactor equals to marginal cost to the impactee.
Adverse impact is efficient when marginal benefit to the impactor equals to marginal cost to the impactee.
Impactor has right (10/12/2007)
The right to generate adverse impact means that the impactor does not have to compensate the impactee for harm done.
The right to generate adverse impact means that the impactor does not have to compensate the impactee for harm done.
Impactee has right (10/12/2007)
When the impactee has the right to zero adverse impact, zero adverse impact is usually not the end result.
When the impactee has the right to zero adverse impact, zero adverse impact is usually not the end result.
