Accounting
Study results from M. Hayashi and colleagues in the area of accounting published
Published in Healthcare Finance, Tax and Law Weekly, December 19th, 2007
"However, we find that only a slight modification in the conventional assumptions gives rise to a profound difference in outcome. In particular, we show that there is a case where the Nash equilibrium provision and the efficient provision will converge as the size of an economy grows," wrote M. Hayashi and colleagues.
The researchers concluded: "To show this, we assume individuals face increasing marginal cost of...
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