Equilibrium and Other Core Assumptions

Chris Harris

Chapter Chapter 2 in Fixed and Variable Costs, 2014, pp 5-19 from Palgrave Macmillan

Abstract: Abstract In taking a formal analytical approach to practical problems we must lay out the framework in which our plant operates. We begin with the simplest possible model, with assumptions made explicit, and gradually relax those assumptions that have a critical impact on the modeling.

Keywords: Risk Aversion; Variable Cost; Risk Premium; Rational Expectation; Marginal Probability (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37089-1_2

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DOI: 10.1057/9781137370891_2

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