Betekenis van:
economic theory

Voorbeeldzinnen

1. Unlike for spot markets, for which the economic theory suggests that in perfectly competitive conditions the price is at each point in time the highest short run marginal cost of all the generation units necessary to meet demand [121], there is no explicit price benchmark for forward markets that can be estimated using economic theory.
2. Unlike for spot markets, for which the economic theory suggests that in perfectly competitive conditions the price is at each point in time the highest short run marginal cost of all the generation units necessary to meet demand [121], there is no explicit price benchmark for forward markets that can be estimated using economic theory. Furthermore, it is not possible to simulate the impact of the strategies developed by both sellers and buyers with regard to arbitrage between spot and forward contracts.
3. However, economic theory dictates that a market-economy investor naturally requires a premium for perpetuity as compared with an otherwise similar silent partnership contribution of limited duration, so as to offset in particular the additional risk of non-payment resulting from the stronger and longer tie.
4. (David M. Kreps and Robert Wilson, Reputation and Imperfect Information, 27 Journal of EConomic theory 253-279 (1982)).‘Economists have studied the phenomenon of reputation acquisition rigorously over the past 25 years, and the list of publications in leading journals is sizeable.
5. In theory it follows both from the general scheme of the Treaty, which concerns aid granted by the State or through State resources, and from the fundamental role the central authorities of the Member States play in defining the political and economic environment in which firms operate, thanks to the measures they adopt, the services they provide and possibly the financial transfers they make, that the framework in which such a comparison should be made is the economy of the Member State.