This paper examines the reliability of supply functions derived from empirically estimated production functions. Firm-level supply equations are derived from production functions for selected ...

Discover how the equation of exchange links money supply, velocity of money, and price levels, influencing inflation and economic activity. Learn key formulas and impacts.

Estimate demand function to understand initial product pricing vs. quantity. Use derivative for the revenue equation to find marginal revenue changes. Marginal revenue derivative is a tool to guide ...

School choice programs will succeed in improving options for children only insofar as they are able to create a functioning marketplace. Policymakers and educators must overcome supply-side hurdles to ...

In my last article I pointed out possible downsides to consolidating control of original equipment manufacturer (OEM) purchasing into a corporate group. The message there wasn’t meant to be that ...