Rent is measured as the discounted present value of future marginal cost increases resulting from today's extraction. A simple model with exhaustion rents and smoothly increasing costs shows that there is no systematic relationship between rents and exhaustion. Empirical analysis, in a simulation mode...
said DBS economist Chua Han Teng. “One significant theme to watch this year is the evolution of Singapore's labour market. As demand cools and shortfalls ease, we anticipate a softer labour market. This may result in a marginal increase in the overall unemployment ...
Calculate the clinic?s marginal cost, marginal revenue, and profits at each level of output. Which price maximizes profits? Wisconsin Snowmobile Corp. is considering a switch to level production. Cost efficiencies would occur under level production, and aftertax costs would...
Where this is the case, we might expect that the higher marginal productivity of such small, productive plots would be incorporated into market values. In our regression work, we have tried to address this by controlling for plot slope and subjective assessments of soil quality, but cannot ...
The new rules will change the structure of money market funds by moving from a fixed $1 net asset value (NAV) to a floating NAV for institutional “prime” money funds, and imposing potential redemption fees and suspensions in the case of some other MMFs.” As result of the new rule, ...
we present the results in the form of average marginal effects (AME), which express the average effect of the corresponding variable on the probability of obtaining a positive fertility intention. This measurement enables us to compare the estimated effects across different groups and models, which ...
Under the status quo, Canada would be a marginal participant in this significant development. Although Canada has dragged its feet, its participation in regional Asian institutions was not always so reticent. In the 1980s and 1990s, its develop- ment contributions in southeast Asia were of the...
With the prices of dry-cleaning solvent rise, the costs of dry cleaning processes increase in the market. As the cost of dry-cleaning processes... Learn more about this topic: Causes of Supply and Demand Changes in Microeconomics from
taxing Blankfein and Co. more and handing that money out to the poor. And the argument is that that would make the poor better off. Does anyone want to argue that the welfare cost of redistributing a dollar from rich to poor is higher...
There are lots of factors that affect income growth and its distribution, such as the degree of socialism and social engineering (and, no, the marginal tax rate isn’t a particularly good measure of the degree of socialism/fascism, although it may correlate with its rate of change), the ...