costlessly
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costlessly — adverb see cost I … New Collegiate Dictionary
cost — I. noun Date: 13th century 1. a. the amount or equivalent paid or charged for something ; price b. the outlay or expenditure (as of effort or sacrifice) made to achieve an object 2. loss or penalty incurred especially in gaining something 3.… … New Collegiate Dictionary
Oliver E. Williamson — New Institutional Economics Born September 27, 1932 (1932 09 27 … Wikipedia
Edgeworth's limit theorem — is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement… … Wikipedia
Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background … Wikipedia
Heckscher-Ohlin model — The Heckscher Ohlin model (H O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo s theory of comparative… … Wikipedia
Friedman rule — The Friedman rule is a monetary policy rule proposed by Milton Friedman. Essentially, Friedman advocated setting the nominal interest rate at zero. According to the logic of the Friedman rule, the opportunity cost of holding money faced by… … Wikipedia
Tradable — A tradable good or service can be sold in another location distant from where it was produced. A good that is not tradable is called non tradable. Different goods have differing levels of tradability: the higher the cost of transportation and the … Wikipedia
Arnold Harberger — Infobox Scientist image width = 150px name = Arnold Harberger birth date = Birth date and age|1924|7|27 birth place = Newark, New Jersey, U.S. death date = death place = residence = U.S. nationality = American field = Economics work institution … Wikipedia
Dynamic stochastic general equilibrium — modeling (abbreviated DSGE or sometimes SDGE or DGE) is a branch of applied general equilibrium theory that is influential in contemporary macroeconomics. The DSGE methodology attempts to explain aggregate economic phenomena, such as economic… … Wikipedia
