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Exact(14)
The reimbursement amount is not a direct measure of the cost of the intermediate service.
We explicitly test whether the reduced cost at concentrated locations arises from the ability to share intermediate service providers.
The Commission seems to be especially concerned about Google shutting out intermediate service providers that could offer services around Google's AdWords platform.
The model is completed by solving for the equilibrium market price of the intermediate service and the equilibrium number of service producers.
To achieve this goal, we first analyze how intermediate service producers set the price and the quantity of the service provided by maximizing their profits.
The model for cost reduction through specialization departs from the model for the competition mechanism by assuming that there is only one intermediate service supplier.
Similar(46)
One mitigating factor is that half of the income of the financial sector is from intermediate services provided to non-financial businesses.
So long as you can count final goods, unmeasured improvements in the supply of intermediate services will succeed in raising measured productivity.
As discussed in § 'Observation of cloud brokers', a cloud broker provides various intermediate services.
Firstly, product markets can be separated by care level of the hospital, i.e. a differentiation between hospitals offering basic services, intermediate services and highly complex specialized services.
It affects the equilibrium price of intermediate services only through its impact on the size of the local intermediate input industry.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com