Adjustment of price for equilibrium

Many intermediaries and concentration of vegetable trade in the hands of middlemen have resulted in exploitation of growers and consumers. This experiment examines various aspects of integration in selected regulated wholesale markets for vegetables at South 24 Parganas, West Bengal, India. These regulated markets were established to improve the marketing efficiency. Johansen test was used to find out the integration of markets.

28p caygaocaolon7 18-09-2020 9 1   Download

The paper examines the relationship of South African broad money (M3) and a set of variables such as income, opportunity cost of holding money (domestic and foreign interest rates), inflation, and stock market prices using a shopping-time technology model from [1] and [49]. The empirical evidence employs an ARDL model to test for a stable long-run relationship between M3 and its determinants. With cointegration established, we estimate an error-correction model that reveals how short-run dynamics adjust towards a long-run equilibrium.

23p 035522894 13-04-2020 37 1   Download

Chapter 13 - Perfect competition. After reading this chapter, you should be able to: Explain how perfect competition serves as a reference point, explain why producing an output at which marginal cost equals price maximizes total profit for a perfect competitor, determine the output and profit of a perfect competitor graphically and numerically, explain the adjustment process from short-run equilibrium to long-run equilibrium.

13p whocare_b 06-09-2016 33 1   Download