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Overview of the neoclassical production function and the market structure: An application to the Mexican cement industry from 1963 to 1983
This study provides an overview of the Neoclassical theory of production as well as topics on market structure. It analyzes transportation costs, pricing, and economies of scale that determine production concentration and ...
Equilibrium, efficient-markets, and liquidity in the cash-in-advance model
The existence of equilibrium is a test of the internal consistency of an economic model. In any model with domestic moneys and dividend-yielding assets, the first question is: will money be dominated by assets in equilibrium? ...