Robert LAFFONT 1980 288 pages in4. 1980. Cartonné jaquette. 288 pages.
Très Bon Etat
Mitchell Beazley 2002 288 pages 20x9x2cm. 2002. Relié jaquette. 288 pages.
Très Bon Etat intérieur très frais trace étiquette haut 1e plat jaquette
[No place], The American Economic Association, 1955. Lex8vo. In the original printed wrappers. In ""The American Economic Review"", Vol. VII, December, No. 5. Entire issue offered. Light wear to extremities, otherwise fine and clean. Pp. 1052-69. [Entire issue: (5), 996-1258 pp. + advertisement].
First printing of Averch and Johnson's seminal paper in which they introduced in what was to become known as the ""Averch-Johnson effect"". The paper was one of the most cited and influential papers in microeconmocs during the 60ies. ""The Averch-Johnson effect is produced when fair rate of return regulation encourages a firm to invest more than is consistent with the minimization of its costs. This can happen when the allowed rate of return exceeds the cost of capital, since the difference between the two represents pure profit. Detailed descriptions of actual regulatory processes may be useful in suggesting guides for action, since actual outcomes depend as much on political and bureaucratic necessity as they do on economic analysis and 'rational' benefit-cost estimates."" (The New Palgrave).""Averch and Johnson's famous paper from the early 1960s asks the simple question: If we assume that regulation acts to instantaneously adjust prices so as to maintain a constant target return on a firm's capital stock, what incentives does the firm have to choose an efficient combination of inputs? Averch and Johnson show, using fairly straightforward maths, that if the regulator sets the regulatory rate of return above the firm's true cost of capital, the regulated firm has an incentive to choose too much capital relative to labour - that is, there will be an inefficient capital-labour ratio. This observation sparked off a large empirical and theoretical literature exploring what came to be known as the 'Averch-Johnson' or 'A-J' effect.The Averch-Johnson model assumed an extreme form of what is known as 'rate of return' or 'cost of service' regulation in which prices are continuously and rapidly adjusted so as to yield the desired return on capital stock. In reality, rate of return regulation as it was historically practiced in the US always involved an element of 'regulatory lag' - that is, a period of time before prices were adjusted to reflect changes in costs. This regulatory lag gives rise to some desirable incentives, as discussed furtherbelow. Even in 1962 it was recognised that allowing higher ex post rates of return was necessary to induce desirable incentives. Averch and Johnson note: ""We have been told by representatives in both the industry and in regulatory agencies that justification exists for allowing a return in excess of cost to give firms an incentive to develop and adopt cost-saving techniques. If the firm is left only indifferent as among a wide range of activities it has no positive incentive to minimize costs for any given activity.""Averch and Johnson's paper was, for a while at least, very widely cited, often incorrectly. The A-J effect later came to be synonymous with 'gold-plating' and with general inefficiency of the regulated firm. But these ideas cannot be strictly attributed to Averch and Johnson. Averch and Johnson only highlighted a potential tendency towards an inefficient mix of capital and labour - but they made no mention of the tendency to simply spend too much on all inputs - so-called 'x-inefficiency' as discussed further below."" (biggar, The Fifty Most Important Papers in the Economics of Regulation).
Bibliothèque des Arts (14ème volume de la deuxième série "Rythmes et couleurs") 1983 66 pages Lausanne. in-8. 1983. Cartonné/Jaquette et étui. 66 pages. In-8 (205x167 mm) 66 pages. Cartonnage toilé sous jaquette illustrée et étui cartonné semi-rigide. 30 illustrations en couleurs contre-collées et hors-texte
Très bon état
Scheltens & Giltay in8. Sans date. Cartonné jaquette.
jaquette abîmée tampon tranche ternie + légères rousseurs circa 1950
Christian Bourgois Editeur 2008 679 pages in8. 2008. Broché. 679 pages.
Très bon état
In-4 (296x234 mm) 288 pages. Cartonnage toilé sous jaquette. A complete guide to the wines and spirits of the world. Belle icon 1670 288 pages in-4. 1670. cartonné. 288 pages. gr
International african institute 1977 in8. 1977. Cartonné jaquette.
Bon Etat de conservation livre en bon état intérieur propre jaquette défraîchie frottée
Pélican 1931 185 pages in12. 1931. Broché. 185 pages. préface de Pierre Bellenguez
Etat Correct ancien livre de bibliothèque (étiquettes collées sur le dos) cependant livre non coupée tranche tachée de rousseurs intérieur propre texte frais
Marabout 1957 in12. 1957. Broché.
jauni bords frottés
Dunod 1969 in8. 1969. Broché.
Bon état cependant couverture défraîchie bords frottés tranche ternie intérieur propre
Spencer Johnson Avenel D. Brunel Henri Charles Et Evelyne Byrau Astrid Schilling
Reference : 100097611
Godefroy / Michel Lafon / France loisirs / Dauphin in8. Sans date. Broché. 5 volume(s).
Bon état tranches un peu ternies intérieurs propres bonne tenue
ROBERT LAFFONT 1985 330 pages 15x24x3cm. 1985. Broché. 330 pages.
Bon état bonne tenue tranche un peu ternie
The Johns Hopkins Press 1931 in8. 1931. Cartonné.
couverture défraîchie intérieur globalement propre page 123 tachée
Joan Aldous Wilfried Dumon Katrina Johnson
Reference : 100087655
(1980)
ISBN : 9780268015398
University 1980 in8. 1980. Broché.
Bon état bords un peu frottés intérieur frais bonne tenue
Heywood & compangy ltd 1961 Bon étatin8. 1961. Cartonné.
livre en bon état intérieur propre - jaquette abîmée (manque en haut du dos)
La boétie 1946 in12. 1946. Broché.
dos recollé couverture défraîchie intérieur propre
Catholic university of Louvain 1975 in4. 1975. Broché.
Bon état (BE) intérieur propre trace de scotch sur le premier plat
Wilis D. Weatherford Charles S. Johnson
Reference : 100072621
(1969)
ISBN : 9780837126913
Negro universities press 1969 in8. 1969. Cartonné.
Bon état (BE) intérieur frais couverture légèrement frottée
Internat.African.Inst 1977 169 pages in8. 1977. Relié. 169 pages.
Etat correct car tranche de tête tâchée intérieur propre avec jaquette
Deux coqs d'or 1965 in12. 1965. Cartonné. illustré en noir et blanc et en couleurs
Bon Etat de conservation
Peppercorn David Johnson Hugh (préface)
Reference : 89495
(1987)
ISBN : 9782082025027
Flammarion 1987 255 pages in12. 1987. relié. 255 pages.
Bon Etat-couv un peu salie-quelques rousseurs sur les tranches-texte propre