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8.1. Independent Firms The downstream firm's problem is max(a-bxc-wT The upstream firm's problem is max(a-2b)3-cr The output is 8.2. Integrated Firm Suppose now that the two firms merge into one firm. This firms problem is max(a-by)y
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5. Oligopoly Oligopoly: Small number of firms: Firms depend on each other. Identical products: Firms jointly face a downward sloping industry demand No entry: Long-run positive profits are possible
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Testing for a Fractional Unit Root in Time Series Regression Chingnun Lee, Tzu-Hsiang Liao2 and Fu-Shuen Shie Inst. of Economics, National Sun Yat-sen Univ Kaohsiung, Taiwan Dept. of Finance, National Central Univ, Chung-Li, Taiwan
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Chapter 7 Translation Translation is the conversion of the information in the nucleic acid sequence to polypeptides of a specific amino acid sequence
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一、 hnRNA 二、pre- mRNAS 三、 hnRNP 四、 snRNPs 五、pre- mRNA processing
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Ch. 9 Heteroscedasticity Regression disturbances whose variance are not constant across observations are heteroscedastic. In the heteroscedastic model we assume that
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Ch. 21 Univariate Unit Root process 1 Introduction Consider OLS estimation of a AR(1)process, Yt= pYt-1+ut where ut w ii d (0, 0), and Yo=0. The OLS estimator of p is given by and we also have
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Countries engage in international trade for two basic reasons Countries trade because they differ either in their resources or in technology Countries trade in order to achieve scale economies or increasing returns in production
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Chapter Organization Introduction Money Defined: A Brief Review The Demand for Money by Individuals Aggregate Money Demand The Equilibrium Interest Rate The Interaction of Money Supply and Demand
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Chapter Organization How the European Single Currency Evolved The Euro and Economic Policy in the Euro Zone The Theory of Optimum Currency Areas The Future of EMU Summary
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