SPATIAL MONOPSONY AND MONOPOLY PRICING IN A STOCHASTIC ENVIRONMENT*

ABSTRACT. In this paper some of the important properties of the behavior of a spatial monopsonist (monopolist) facing a stochastic supply (demand) curve are derived. Under uncertainty, price setting and quantity setting behavior are no longer equivalent. Hence, spatial price discrimination has to be compared with spatial quantity discrimination with respect to expected profits. I prove three general theorems on how the ranking of the behavioral modes, in terms of expected profit, depends on how the stochastic component enters the supply (demand) and supply (demand) price functions. In particular, I prove that under monopsony one would expect a high probability of excess demand, in the sense that the firm would accept all deliveries at the preset price.     

A DOUBLE-ENTRY METHOD FOR THE CONSTRUCTION OF BI-REGIONAL INPUT-OUTPUT TABLES*

ABSTRACT. In The Netherlands, a strong tradition in the construction and updating of (inter)regional input-output tables has been built up. The paper gives a brief overview of this Dutch experience and discusses the features of the by now more or less standardized double-entry bi-regional construction method (DEBRIOT). This method systematically adds sales and export coefficients to the usual construction procedures. Thus, it introduces consistency checks at the cell level of the input-output table. Moreover, it offers a non-survey technique to estimate a regional domestic sales table that is crucial to the double-entry character of the method.     

Heterodoxe lehren und ihre widerlegung im Kālacakra-tantra

Summary At the end of the second chapter of the Buddhist Klacakra-Tantra (dated c. 10th century) we find a group of verses in which several doctrines are characterized and criticized: Brahmanism, Vaisnavism, aivism, materialism, Islam and Jainism. Moreover the text refers to Buddhism itself as well as the so-called heterodox Buddhist schools. It is the only old Sanskrit text known until now in which the Islam is mentioned and recognized as a doctrine.     

LITERATURE REVIEWS

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