(c) Copyright 2000 Research Applications International. All Rights Reserved. ALLEGHENY, PA., JANUARY 1, 1908 No. 1 VIEWS FROM THE WATCH TOWER The opening of a New Year is…
Slide 1XII. Monopoly pricing and limited needs Slide 2 The basic idea: Take a Dixit-Stiglitz type model If utility is non homothetic, the markup depends on how much of each…
Slide 1X. The economics of superstars Slide 2 Motivation Some workers seem to earn very large wages: sports, movies, top managers, etc These rents seem associated with their…