… In this use, money is used until the marginal cost of using it is equal to the marginal value
of time saved through its use. However, money frequently performs other functions such as a …

AMONG ECONOMISTS INTERESTED in industrial organization it is conventional to use
concentration ratios as a measure of monopoly power, both within particular industries and …

… We have, however, discussed this question in I)e Vany and Saving (1977). … The second
condition implies that the firm sets capacity where the aggregate value of the marginal saving inl …

By CT BREHM AND TR SAVING* ... the growth of enlightened views as to the duties of the
State and of private persons toward the poor, is tending to make it every day more true that …

… This is not deadweight loss, however, since to reduce goods in transit in an optimal
situation would result in an increase in shipping resources by more than the saving in inventory …

I. The nature of optimum size, 569. — II. Problems in estimating optimum size, 570. — III.
Previous techniques for the estimation of optimum size, 572. — IV. The survivor technique, 572. …

… RESTRICTIONS AND THE AVAILABILITY OF BRANCHING SERVICES, A Comment by RF
Lanzillotti anzi TR Saving* … TR SAVSG is professor of economics at Texas A&M University. …

This paper models the competitive supply and pricing of highways with random traffic. It
adds the missing theory of the firm to Knight's highway problem and shows that competition …

What causes individual suppliers to allocate goods in such a way that the aggregate allocation
satisfies the law of one price? A satisfactory answer to this question must confront two …

economics and the return to the idea that" money matters" have rekindled concern on the part
of economists over the problems of monetary policy-making. As a result there has been an …