Sentences with phrase «marginal economic cost»

Not exact matches

The key economic change introduced by the Internet is the effective elimination of marginal distribution and transaction costs.

Such gaps tend to narrow for a number of reasons, including higher marginal productivity on cheaper labor and land costs in lower - tier cities, better economic integration with government - led redistribution of infrastructure and public resources from regional hubs to small neighbor cities, and broader penetration of technology, including smartphones and the internet, according to the Morgan Stanley research.

This would explain the increasing mathematical sophistication of the economic models from the «political economy» of Adam Smith to the marginal analysis of Marshall in the nineteenth century, and the complexmathematics of modern economics, but at a cost of decreasing relevance to the real world.

However it is not a hard economic fact that reducing a customer base automatically raises the marginal cost of the operation.

interactive diagrams and graphs explaining monopolistic competition - marginal cost, average cost, marginal revenue and demand, market price and monopolistic price, economic loss and economic profit.

Berlin Billboards Inspired by economic theorist Jeremy Rifkin's book, The Zero Marginal Cost Society: the Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism, Open Source: Art at the Eclipse of Capitalism is a series of connected events occurring at the Max Hetzler galleries in Berlin and Paris, plus a theatre performance at the New Theater in Berlin, as well as a lecture by Jeremy Rifkin at Palais de Tokyo in Paris, which will be followed by an interview with Rifkin by Hans Ulrich Obrist, to appear both online and in a forthcoming book based on the exhibition.

The trouble is, given the increased marginal cost of mitigation, the economic headwinds, and beliefs by many that scientists don't have the climate thing right (per the great post of yesterday regarding Mooney's «Unscientific America») or that the Divine will simply «take care of good people» no matter, I don't see pursuit of mitigation as being something people or politicians are going to back either.

-- almost 40 % of abatement could be accheived at negative marginal cost and generate positive economic returns over their lifecycle.

Called the social cost of carbon (SCC), it is an estimate of the economic value of the extra (or marginal) impact caused by the emission of one more tonne of carbon (in the form of carbon dioxide) at any point in time; it can, as well, be interpreted as the marginal benefit of reducing carbon emissions by one tonne.

Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the existence of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit.

Zhang, ZhongXiang (2001): An economic assessment of the Kyoto Protocol using a global model based on the marginal abatement costs of 12 regions.

Stern (2007) explicitly adopted a risk - based framework appropriate for guiding policy from analysing the marginal costs and benefits at the project level to determination of public policy that affects future economic paths.

Accordingly, anti-age discrimination in employment law aims at promoting various purposes to remedy these wrongs, including preventing opportunistic behaviour by employers, who are tempted to dismiss older workers when their labour costs are higher than their marginal productivity; promoting displaced older workers who experience major challenges to reemployment; protecting against ageist stereotypes and ageism; and alleviating social isolation, oppression and economic deprivation among older workers.

In economic terms, given that your communication / physical costs are already «sunk» or spent (your computer, internet connection and any costs associated with the heating and lighting of the space you are occupying at the moment), then the marginal cost to you to yield to curiosity and follow a thought seeking greater knowledge is essentially just your time.