Are Judges Smarter Than Economists? Sunk Costs, the Threat of Entry and the Competitive Process
Are Judges Smarter Than Economists? Sunk Costs, the Threat of Entry and the Competitive Process

Author: Federal Trade Federal Trade Commission

Publisher: CreateSpace

Published: 2015-06-07

Total Pages: 24

ISBN-13: 9781514249536

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Several recent antitrust cases indicate that courts believe the threat of entry can serve as an effective deterrent to an anticompetitive price increase. Yet there does not exist in the economic literature a general model that explains how entry can be such a threat, given the presence of small but positive sunk costs. This book presents such a model, using concepts of buyer strategies and uncertainty. The applicability of such a model is then discussed using recent court decisions.

Are Judges Smarter Than Economists? Sunk Costs, the Threat of Entry and the Competitive Process
Are Judges Smarter Than Economists? Sunk Costs, the Threat of Entry and the Competitive Process

Author: Federal Trade Federal Trade Commission

Publisher: Createspace Independent Publishing Platform

Published: 2015-12-11

Total Pages: 24

ISBN-13: 9781519790217

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Several recent antitrust cases indicate that courts believe the threat of entry can serve as an effective deterrent to an anticompetitive price increase. Yet there does not exist in the economic literature a general model that explains how entry can be such a threat, given the presence of small but positive sunk costs. This book presents such a model, using concepts of buyer strategies and uncertainty. The applicability of such a model is then discussed using recent court decisions.

"Are Economists Basically Immoral?"

Author: Paul T. Heyne

Publisher:

Published: 2008

Total Pages: 516

ISBN-13:

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""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.

The Intelligent Radicals Guide to Economic Policy
The Intelligent Radicals Guide to Economic Policy

Author: James E. Meade

Publisher: Routledge

Published: 2012-04-26

Total Pages: 162

ISBN-13: 0415526280

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First published in 1975, this guide to economic policy outlines an economic philosophy for reform for the e~intelligent radicale(tm) who seeks to address the issues of liberty and equality within society. Among other issues, the book looks at policies to control inflation, to maintain full employment, to set prices and wages, to distribute income and property, and to manage the environment and international trade. Professor Meade expounds in simple language a set of closely interrelated policies designed to enable us to achieve what he describes as e~ the decent, free, prosperous society which modern science has undoubtedly brought within our grasp.

Political, Economic and Legal Effects of Artificial Intelligence
Political, Economic and Legal Effects of Artificial Intelligence

Author: Georgios I. Zekos

Publisher: Springer Nature

Published: 2022-03-07

Total Pages: 528

ISBN-13: 303094736X

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This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of politics. It further examines the impact of artificial intelligence (AI) on the nexus between politics, economics, and law. The book raises and answers several important questions: What is the role of AI in politics? Are people prepared for the challenges presented by technical developments? How will Al affect future politics and human society? How can politics and law deal with Al's disruptive technologies? What impact will AI and technology have on law? How can efficient cooperation between human beings and AI be shaped? Can artificial intelligence automate public decision-making? Topics discussed in the book include, but are not limited to digital governance, public administration, digital economy, corruption, democracy and voting, legal singularity, separation of power, constitutional rights, GDPR in politics, AI personhood, digital politics, cyberspace sovereignty, cyberspace transactions, and human rights. This book is a must-read for scholars and students of political science, law, and economics, as well as policy-makers and practitioners, interested in a better understanding of political, legal, and economic aspects and issues of AI.

Advances in Intelligent Systems, Computer Science and Digital Economics III
Advances in Intelligent Systems, Computer Science and Digital Economics III

Author: Zhengbing Hu

Publisher: Springer Nature

Published: 2022-03-10

Total Pages: 265

ISBN-13: 3030970574

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The book comprises high-quality refereed research papers presented at the Third International Symposium on Computer Science, Digital Economy, and Intelligent Systems (CSDEIS2021), held in Moscow, Russia, on December 25-26, 2021, organized jointly by the Mechanical Engineering Research Institute of the Russian Academy of Sciences,Moscow State Technical University, and the International Research Association of Modern Education and Computer Science. The topics discussed in the book includes state-of-the-art papers in computer science and their technological applications; intelligent systems and intellectual approaches; digital economics and methodological approaches. It is an excellent source of references for researchers, graduate students, engineers, management practitioners, and undergraduate students interested in computer science and its applications in engineering and management.