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"Now there's much more weight placed on forensic evidence".
Finally, when the firms collude, more weight placed on revenues will increase prices when γ > 2c.
When they produce substitutes it is, however, ambiguous how more weight placed on consumer surplus will influence Ψ.
If firms are not concerned about consumer surplus (γ = 0), more weight placed on revenues (β increases) will always increase the difference between all equilibrium prices.
In intermediate cases (γ > 0) it is ambiguous whether more weight placed on revenues will increase prices with the present restrictions imposed on the parameters.
When the firms do not care about consumer surplus (γ = 0), it follows from (11) that more weight placed on revenues (β increases) will reduce prices.
Similar(53)
You want to avoid this because carrying more weight places extra strain on his healing leg.
(phi in left[ {0,1} right) ) is a weight parameter that depreciates prior beliefs. With (phi =0), all weight would be placed on the most recent information and as (phi ) approaches 1, more weight is placed on prior beliefs (i.e., fictitious play). Player i would then use these beliefs in a utility function to choose an alternative.
· This resulted in more weight being placed on the intelligence than it could bear, the report found.
The inquiry found that that "more weight was placed on the intelligence than it could bear," and that the government's judgments had stretched available intelligence "to the outer limits".
Udder firmness was increased (2.9 vs. 4.5 kg) during this period and more weight was placed on the hind limbs (46.4 vs. 47.0%).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com