9 pages matching market failure in this book
Results 1-3 of 9
What people are saying - Write a review
We haven't found any reviews in the usual places.
3GVM 3SIH Arthur Okun Baumol behave believe best for Americans best for workers CATHERWOOD LIBRARY cent of respondents collective ruin confess control inflation cooperation cost of mutual disutility economic economists effect exploited external costs favor gain Gallup Poll game theory higher real wage individually rational inflation-induced inflationary J.M. Keynes Katona Keynes Labor and Business large wage increases large wage rise leads to collective less Let Us Reason lower inflation Mandatory controls mandatory wage-price controls marginal utility market failure maximize moderate move mutual non-cooperation non-zero-sum OUTCOME JUDGED BEST payoff matrix perceptions period Phase play player price controls price equation price hikes price increases price rise best price stability Prisoner's Dilemma purchases Radlow rate of inflation Rational Expectations real income result Section small price rise small wage increase SNV3IH3WV spending support for controls survey tacit collusion uncertain inflation union utility function wage and price wage-profit conflict