Shift or Pivot? Market Entry and Exit With Linear Supply and Demand Curves.
Textbooks commonly misrepresent the effects of market entry and exit by consumers and producers as parallel shifts of linear market demand and supply curves. Such portrayals are inconsistent with the underlying premise that a market-level curve is the horizontal summation of individual-level curves....
| Publicado en: | American Economist Vol. 69; no. 1; pp. 168 - 187 |
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| Formato: | Artículo |
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Sage Publications Inc.
Mar2024
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| Acceso en línea: | Ver este registro en EBSCOhost |