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LSE EC417 2023: Markup as Elasticity Tends to Unity

A monopolist will always produce on the elastic part of the demand curve. The idea is the following: if the output level is on the inelastic pat of the demand curve, then increasing prices, by 1% will ...
tdm's user avatar
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Different elasticities of substitution

This note only answers the last of your question. All these elasticities tend to disappear from the empirical literature since the publication of the influencial paper by Blackorby, C. and R. R. ...
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1 vote

Different elasticities of substitution

To everyone interested in the same problem, I have found a perfect article that goes into great length and detail explaining what are the interconnections and attributes/characteristics of each of ...
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