Relating Product Prices to Long-Run Marginal Cost: Evidence from Solar Photovoltaic Modules
A basic tenet of microeconomics is that for a competitive industry in equilibrium the market price of a product will be equal to its marginal cost. This paper develops a model framework and a corresponding empirical inference procedure for estimating long-run marginal cost in industries where produc...
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| Format: | Article |
| Language: | English |
| Published: |
Wiley-Blackwell
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |