In partial equilibrium competitive models, tax incidence depends on the elasticities of supply and demand.

在局部均衡竞争模型中，税收归宿取决于供求弹性。

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First question that must be faced is if there is a competitive equilibrium when increasing returns to specialization exist.

首先必须面对的重要问题是在有专业化递增报酬情况下，是否存在竞争性均衡。

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Solving a dynamic programming problem of a central planner can prove that the competitive equilibrium and the social optimum is identical.

随后又从中央计划者角度求解一个动态最优化问题，发现社会最优和竞争性均衡是一致的。

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In fact, the outcome here, this equilibrium here is for all intents and purposes, the same equilibrium we would have had had there been thousands of firms in the market And had this been a perfectly competitive market.

实际上,这个结果,这个均衡适用于所有的目的和意图,我们将得到同样的均衡,即使市场上有数千的公司,即使这是个完全竞争市场

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