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  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Mapa de las preferencias de Alexei.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-08-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Un aumento de la demanda de libros.
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      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Un aumento en la oferta de pan: una disminución del CMg.
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      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>Miten Alexein opiskeluun käyttämä aika vaikuttaa hänen arvosanaansa?
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/50-01-looking-forward.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/word-cloud.jpg</image:loc>
        <image:title>La nuvola di parole riportata nella Prefazione, costruita sulla base delle risposte degli studenti della Università Humboldt di Berlino, è tipica. Oltre al tema della diseguaglianza, simili indagini effettuate in molte università del mondo hanno indicato un interesse per l’innovazione, i problemi ambientali, la disoccupazione e l’instabilità.
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      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/21.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-21-header.jpg</image:loc>
        <image:title>World Wide Web: LyonLabs, LLC and Barrett Lyon, licensed under CC BY-NC 4.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-kYIcwNVk5y8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-02.jpg</image:loc>
        <image:title>Costos y rentas asociados a la innovación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-03.jpg</image:loc>
        <image:title>Innovación en potencia de cálculo: índice de velocidad de computación. Los ejemplos concretos se muestran en color y etiquetados.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-04.jpg</image:loc>
        <image:title>Tasa de crecimiento de la productividad a largo plazo (1400–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-f.jpg</image:loc>
        <image:title>La decisión de innovar cuando los productos son complementarios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-a.jpg</image:loc>
        <image:title>Comience con el jugador de fila
: Comience con el jugador de fila y pregunte: «¿Cuál sería la mejor respuesta a la decisión del jugador de columna de innovar?»
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-b.jpg</image:loc>
        <image:title>La mejor respuesta
: La mejor respuesta sería Innovar, ya que la recompensa es 1 en lugar de 0. Coloque un punto en la celda superior izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-c.jpg</image:loc>
        <image:title>La respuesta del jugador de fila
: Luego, pregunte cuál sería la mejor respuesta del jugador de fila ante la elección del jugador de columna de No innovar: la respuesta es No innovar. Coloque un punto en la celda inferior derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-d.jpg</image:loc>
        <image:title>El razonamiento del jugador de columna
: Ahora pase al jugador de columna. ¿Cuál sería la mejor respuesta a la estrategia de Innovar del jugador de fila? La respuesta es Innovar. Coloque un círculo abierto en la celda superior izquierda; ahora habrá un punto dentro de un círculo en esa celda.
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      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-06-e.jpg</image:loc>
        <image:title>La respuesta del jugador de columna
: Haga lo mismo para la respuesta del jugador de columna a la estrategia del jugador de fila de No innovar. Ahora hay un punto dentro de un círculo en la celda inferior derecha también.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-f.jpg</image:loc>
        <image:title>La decisión de innovar cuando los productos son sustitutivos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-a.jpg</image:loc>
        <image:title>Comience con el jugador de fila
: Comience con el jugador de fila y pregunte: «¿Cuál sería la mejor respuesta a la decisión del jugador de columna de innovar?»
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-b.jpg</image:loc>
        <image:title>La mejor respuesta
: La mejor respuesta sería No innovar, ya que la recompensa es –0,5 en lugar de –1,0. Coloque un punto en la celda inferior izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-c.jpg</image:loc>
        <image:title>La respuesta del jugador de fila
: Luego, pregunte cuál sería la mejor respuesta del jugador de fila a la elección del jugador de columna de No innovar: la respuesta es Innovar. Coloque un punto en la celda superior derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-d.jpg</image:loc>
        <image:title>El razonamiento del jugador de columna
: Ahora consideremos al jugador de columna. ¿Cuál sería la mejor respuesta a la estrategia de Innovar del jugador de fila? La respuesta es No innovar. Coloque un círculo abierto en la celda inferior izquierda; ahora habrá un punto dentro de un círculo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-07-e.jpg</image:loc>
        <image:title>La respuesta del jugador de columna
: Haga lo mismo para la respuesta del jugador de columna a la estrategia del jugador de fila de No innovar. Ahora hay un punto dentro de un círculo también en la celda inferior izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-08.jpg</image:loc>
        <image:title>Un bien intensivo en conocimiento: costos marginal, medio y de primera copia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-10-e.jpg</image:loc>
        <image:title>El valor neto de formar parte de una red.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-10-a.jpg</image:loc>
        <image:title>El beneficio neto de Betamax
: El beneficio neto para un consumidor de Betamax viene dado por la línea azul, que se lee de izquierda a derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-10-b.jpg</image:loc>
        <image:title>Si todos compran Betamax
: El beneficio neto para cada comprador se muestra en la figura con ΠBmax, que es igual a qBntotal − p. Este es el caso donde Betamax es el formato ganador y acapara todo el mercado, como se muestra en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-10-c.jpg</image:loc>
        <image:title>Si nadie compra Betamax
: El beneficio neto para un comprador sería negativo e igual al precio pagado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-10-d.jpg</image:loc>
        <image:title>El beneficio neto de VHS
: La línea roja proporciona el beneficio neto para un consumidor del formato VHS. El formato VHS es el ganador y acapara todo el mercado en el punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-r7vzgexzXOk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-a-e.jpg</image:loc>
        <image:title>Un mercado de emparejamiento o bilateral: el caso de Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-a-a.jpg</image:loc>
        <image:title>Número de buscadores de apartamentos que visitan el sitio web de Airbnb
: Depende del número de personas que publican un anuncio de alquiler de un apartamento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-a-b.jpg</image:loc>
        <image:title>Número de ofertas de alquiler de apartamentos publicadas por los propietarios
: Depende de la cantidad de buscadores de apartamentos que consulten el sitio web de Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-a-c.jpg</image:loc>
        <image:title>Punto Z
: En Z, las dos curvas se cruzan. Este punto es un equilibrio de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-a-d.jpg</image:loc>
        <image:title>Si los buscadores de apartamentos no consultan el sitio web
: Ningún propietario publicará el anuncio de alquiler de su apartamento. Por lo tanto, nadie hace nada, que es otro equilibrio de Nash que se muestra en O.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-b-e.jpg</image:loc>
        <image:title>Un mercado de emparejamiento o bilateral: el caso de Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-b-a.jpg</image:loc>
        <image:title>Mucha gente busca apartamentos
: Considere el caso donde hay 876 buscadores pero solo 300 oferentes, en el punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-b-b.jpg</image:loc>
        <image:title>Se unen al mercado nuevos oferentes
: Esto anima a los nuevos oferentes a publicar el anuncio de alquiler de su apartamento en su sitio (punto C) …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-b-c.jpg</image:loc>
        <image:title>Nuevos buscadores que responden
: Esto a su vez atrae a nuevos buscadores de apartamentos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-11-b-d.jpg</image:loc>
        <image:title>Un equilibrio estable
: La espiral ascendente conduce al punto Z, que es un equilibrio estable de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/21-creative-commons-logo.jpg</image:loc>
        <image:title>Creative commons logo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-12-c.jpg</image:loc>
        <image:title>Patentes y producción de nuevos conocimientos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-12-a.jpg</image:loc>
        <image:title>El conocimiento antiguo ayuda a crear conocimiento nuevo
: Las patentes ralentizan este proceso. Como descubrieron Watt y Boulton, las patentes pueden impedir el uso de algunos aspectos del conocimiento antiguo que están patentados.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-12-b.jpg</image:loc>
        <image:title>Las patentes fomentan la innovación
: La creación de nuevos conocimientos otorga a los inventores exitosos reconocimiento y rentas de innovación. Watt no inventó la máquina de vapor para beneficiarse de la patente que recibiría, pero otros innovadores están muy motivados por la posibilidad de comercializar sus inventos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-F_W1V673YJg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-13-e.jpg</image:loc>
        <image:title>Costos y rentas asociados con la innovación, para el inventor y para otros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-13-a.jpg</image:loc>
        <image:title>El innovador incurre en unos costos
: Los costos de la innovación se representan con el rectángulo rojo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-13-b.jpg</image:loc>
        <image:title>La innovación tiene éxito
: La empresa obtiene rentas de innovación más allá de las ganancias económicas. Estas se representan con el rectángulo sobre la línea punteada de ganancias económicas cero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-13-c.jpg</image:loc>
        <image:title>Una patente
: La empresa se beneficia de las rentas de innovación durante el periodo de vigencia de la patente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-13-d.jpg</image:loc>
        <image:title>Los beneficios para otros en la economía
: El panel inferior muestra los beneficios que surgen de la innovación. Si la innovación no existiera, no habría beneficios para otros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-14-c.jpg</image:loc>
        <image:title>Curvas isobeneficios totales: trade-off entre los beneficios de la invención y su difusión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-14-a.jpg</image:loc>
        <image:title>La curva isobeneficios totales
: La curva de pendiente descendente es una curva de indiferencia, llamada curva isobeneficios totales. A lo largo de la curva, los beneficios totales derivados de una innovación son iguales a pIB y permanecen constantes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-14-b.jpg</image:loc>
        <image:title>Rectángulos que tocan la curva
: Todos los rectángulos que tocan la curva tienen la misma área, como ilustran los puntos C y D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-15.jpg</image:loc>
        <image:title>Duración de la patente y probabilidad de innovación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-16.jpg</image:loc>
        <image:title>Conjunto factible: probabilidad de innovación y beneficios para otros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-17-d.jpg</image:loc>
        <image:title>Probabilidad óptima de innovación para la sociedad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-17-a.jpg</image:loc>
        <image:title>Maximización de los beneficios esperados para la sociedad
: Combinando el conjunto factible con las curvas de isobeneficios totales, podemos determinar la duración de la patente que maximiza los beneficios esperados para la sociedad en su conjunto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-17-b.jpg</image:loc>
        <image:title>El nivel más alto posible de beneficios totales
: Se muestra en el punto A de tangencia de la curva isobeneficios totales con el conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-17-c.jpg</image:loc>
        <image:title>La probabilidad óptima de innovación.
: Desde la perspectiva de la sociedad en su conjunto, la probabilidad óptima de innovación es p*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-18-c.jpg</image:loc>
        <image:title>La duración óptima de la patente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-18-a.jpg</image:loc>
        <image:title>La probabilidad óptima de innovación
: Dados los beneficios de la innovación para otros, establecimos en la figura 21.17 que p* es la probabilidad óptima de innovación. Esto puede indicarnos cuál debería ser la duración de las patentes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-18-b.jpg</image:loc>
        <image:title>La duración óptima de las patentes
: Si conocemos p*, podemos usar la figura 21.15 (la figura de la derecha aquí) para determinar la duración óptima de las patentes, d*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-21-mcq-09.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-3r1IPsldbBg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/50-01-looking-forward.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-12.jpg</image:loc>
        <image:title>Esipuheessa kuvattu Humboldt-yliopiston opiskelijoiden vastauksista muodostettu sanapilvi on tyypillinen. Muuallakin maailmassa opiskelijat ovat kertoneet olevansa kiinnostuneita innovaatioista, ympäristöhaitoista, työttömyydestä ja epävakaudesta.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-05-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-e.svg</image:loc>
        <image:title>Pareto-efficient allocations and the distribution of the surplus.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/14.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-14-header.jpg</image:loc>
        <image:title>Heatpipe tunnel Copenhagen: Bill Ebbesen, https://goo.gl/dYuIr7, licensed under CC BY 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-01.jpg</image:loc>
        <image:title>Tuotannon vaihtelut ja julkisen sektorin koko Yhdysvalloissa (1870–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-02-c.jpg</image:loc>
        <image:title>Kokonaiskulutusfunktio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-02-a.jpg</image:loc>
        <image:title>Autonominen kulutus
: Kiinteä summa, jonka kotitaloudet kuluttavat nykyisestä tulotasostaan riippumatta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-02-b.jpg</image:loc>
        <image:title>Tuloista riippuva kulutus.
: Nouseva suora kuvaa sitä kulutuksen osaa, joka riippuu nykyisistä tuloista (ja nykyisestä tuotannosta).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-03.jpg</image:loc>
        <image:title>Pelon vaikutus kotitalouksien kulutukseen Yhdysvalloissa globaalin finanssikriisin aikana (vuosineljänneksittäin 2008–2009).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-04-d.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino: kerroinkaavio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-04-a.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino
: Piste A on hyödykemarkkinoiden tasapaino: tuotannon taso säilyy ennallaan, ellei jokin muuta kulutuskäyttäytymistä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-04-b.jpg</image:loc>
        <image:title>45 asteen suora
: Kaavion origosta lähtevä 45 asteen suora sisältää kaikki yhdistelmät, joissa tuotanto on yhtä suuri kuin kokonaiskysyntä. Silloin taloudessa vallitsee hyödykemarkkinoiden tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-04-c.jpg</image:loc>
        <image:title>Kulutus
: Kokonaiskysynnän ensimmäinen osa on kulutus, jota edustaa kuviosta 14.2 tuttu kulutussuora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-i.jpg</image:loc>
        <image:title>Kerroinvaikutus: investointilähtöinen taantuma.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-a.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino
: Talous on aluksi pisteessä A, hyödykemarkkinoiden tasapainossa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-b.jpg</image:loc>
        <image:title>Investoinnit vähenevät
: Investointien väheneminen supistaa kokonaiskysyntää 1,5 miljardia dollaria, ja talous siirtyy pystysuunnassa alaspäin pisteestä A pisteeseen B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-c.jpg</image:loc>
        <image:title>Yritykset supistavat tuotantoa
: Kysynnän lasku saa yritykset vähentämään tuotantoa ja työvoimaa. Kun kokonaistuotanto ja työllisyys vähenevät, tulot laskevat 1,5 miljardia euroa. Tätä vastaa siirtymä pisteestä B pisteeseen C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-d.jpg</image:loc>
        <image:title>Kulutus laskee
: Kun kotitalouksien tulot laskevat, ne vähentävät kulutusta esimerkiksi luottorajoitteiden takia. Kulutusyhtälön mukaan se johtaa aluksi kokonaiskysynnän laskuun, joka on 0,6 kertaa tulojen lasku. Tämä on pisteiden C ja D välinen etäisyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-e.jpg</image:loc>
        <image:title>Yritykset supistavat tuotantoa edelleen
: Yritykset vastaavat supistamalla tuotantoa. Tuotannon laskiessa talous siirtyy pisteestä D pisteeseen E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-f.jpg</image:loc>
        <image:title>… ja niin edelleen
: Prosessi jatkuu, kunnes talous päätyy pisteeseen Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-g.jpg</image:loc>
        <image:title>Uusi kokonaiskysyntäsuora
: Suora kulkee pisteen Z kautta. Z on hyödykemarkkinoiden uusi tasapaino investointisokin jälkeen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-05-h.jpg</image:loc>
        <image:title>Tuotannon lasku sokin seurauksena
: Tuotannon kokonaisvähennys on suurempi kuin investointien alkuperäinen vähennys: tuotanto on laskenut 3,75 miljardia euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-mcq-02.jpg</image:loc>
        <image:title>Hyödykemarkkinat, kun investoinnit kasvavat kaksi miljardia euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-06-d.jpg</image:loc>
        <image:title>Kokonaiskysyntä suuren laman aikana
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-06-a.jpg</image:loc>
        <image:title>Vuoden 1929 huippu
: Piste A vastaa talouden lähtötilannetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-06-b.jpg</image:loc>
        <image:title>Investointien lasku
: Kokonaiskysyntäkäyrä siirtyi alaspäin kriisitasolle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-06-c.jpg</image:loc>
        <image:title>Normaali taantuma
: Talous olisi tavallisesti pisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-h.jpg</image:loc>
        <image:title>Kotitalouden varallisuus: avainkäsitteet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-a.jpg</image:loc>
        <image:title>Odotetut työtulot
: Oranssi palkki kuvaa odotettuja työtuloja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-b.jpg</image:loc>
        <image:title>Rahoitusvarallisuus
: Vihreä palkki kuvaa rahoitusvarallisuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-c.jpg</image:loc>
        <image:title>Kotitalouden omistusosuus asunnosta
: Sininen palkki kuvaa kotitalouden omistusosuutta asunnosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-d.jpg</image:loc>
        <image:title>Kotitalouden laajennettu varallisuus yhteensä
: Kotitalouden laajennettu varallisuus on vihreän, sinisen ja oranssin palkin summa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-e.jpg</image:loc>
        <image:title>Kotitalouksilla on myös velkaa
: Punainen palkki kuvaa kotitalouksien velkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-f.jpg</image:loc>
        <image:title>Kotitalouden nettovarallisuus
: Nettovarallisuutta sanotaan myös aineelliseksi varallisuudeksi. Saamme sen selville laskemalla yhteen omaisuuserät eli asunto- ja rahoitusvarallisuuden (odotettuja työtuloja ei lasketa) ja vähentämällä summasta kotitalouden velat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-07-g.jpg</image:loc>
        <image:title>Asunnon arvo
: Asunnon arvo on yhtä suuri kuin kotitalouden asuntoon sijoittama oma pääoma lisättynä pankilta saadulla lainalla (asuntolainalla).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-08-c.jpg</image:loc>
        <image:title>Suuri lama: kotitaloudet supistivat kulutusta palauttaakseen tavoitevarallisuustasonsa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-08-a.jpg</image:loc>
        <image:title>Ennen lamaa
: Kotitalouksien kulutuspäätökset perustuivat niiden odotuksiin nettovarallisuudestaan ja tulevista työtuloistaan. Kokonaisvarallisuus on yhtä suuri kuin tavoitevarallisuustaso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-08-b.jpg</image:loc>
        <image:title>Lama
: Loppuvuodesta 1929 (sarake B) laskukausi oli alkanut ja odotukset olivat muuttuneet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-09-e.jpg</image:loc>
        <image:title>Investoinnit, odotettu voittoaste ja korko kahden yrityksen taloudessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-09-a.jpg</image:loc>
        <image:title>Yritys A
: Yrityksellä A on suunnitteilla kolme laajuudeltaan ja voittoasteeltaan erilaista hanketta. Ne on merkitty kuvioon odotetun voittoasteen mukaan laskevassa järjestyksessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-09-b.jpg</image:loc>
        <image:title>Yritys B
: Myös yrityksellä B on kolme investointihanketta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-09-c.jpg</image:loc>
        <image:title>Investointipäätös
: Jos korko pysyy viidessä prosentissa, yritys A toteuttaa hankkeen 1 ja yritys B jättää kokonaan investoimatta. Jos korko olisi sen sijaan kaksi prosenttia, A käynnistäisi hankkeet 1 ja 2 ja B kaikki hankkeensa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-09-d.jpg</image:loc>
        <image:title>Investointipäätös
: Kuvion alaosaan on yhdistetty molempien yritysten mahdolliset investoinnit odotetun voittoasteen mukaisessa järjestyksessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-a-c.jpg</image:loc>
        <image:title>Hankkeiden odotetun voittoasteen nousun vaikutus talouteen (tarjontavaikutus).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-a-a.jpg</image:loc>
        <image:title>Korko viisi prosenttia
: Kun korko on viisi prosenttia, vain yksi hanke toteutuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-a-b.jpg</image:loc>
        <image:title>Tarjontaolosuhteet paranevat
: Tarjontaolosuhteiden parannus nostaa jokaisen hankkeen odotettua voittoastetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-b-b.jpg</image:loc>
        <image:title>Investointihankkeiden tavoitekapasiteetin kasvun vaikutus talouteen (kysyntävaikutus).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-b-a.jpg</image:loc>
        <image:title>Korko kaksi prosenttia
: Kun korko on kaksi prosenttia ja tavoitekapasiteetti on ennallaan, investointeja kuvaavat tummat palkit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-c-c.jpg</image:loc>
        <image:title>Kokonaistalouden investointifunktio: koron ja voitto-odotusten vaikutukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-c-a.jpg</image:loc>
        <image:title>Mahdolliset investointihankkeet
: Tuhansien yritysten taloudessa mahdollisia investointihankkeita kuvaa laskeva investointifunktio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-10-c-b.jpg</image:loc>
        <image:title>Investoinnit lisääntyvät
: Koron laskiessa investoinnit lisääntyvät pisteestä C pisteeseen E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-a-c.jpg</image:loc>
        <image:title>Julkisten menojen kasvu voi korvata yksityisen kulutuksen laskun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-a-a.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino
: Talous on aluksi hyödykemarkkinoiden tasapainopisteessä A, jossa kokonaiskysyntä on yhtä suuri kuin tuotanto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-a-b.jpg</image:loc>
        <image:title>Talous siirtyy taantumaan
: Taantuma alkaa, kun kuluttajien luottamus heikkenee, jolloin c0 laskee. Kokonaiskysyntäsuora siirtyy alaspäin ja talous siirtyy pisteestä A pisteeseen B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/14-john-maynard-keynes.jpg</image:loc>
        <image:title>John Maynard Keynes' Portrait</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-b-c.jpg</image:loc>
        <image:title>Valtiovallan säästökuuri voi pahentaa taantumaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-b-a.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino
: Talous on aluksi hyödykemarkkinoiden tasapainopisteessä A, jossa kokonaiskysyntä on yhtä suuri kuin tuotanto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-11-b-b.jpg</image:loc>
        <image:title>Talous siirtyy taantumaan
: Taantuma alkaa, kun kuluttajien luottamus heikkenee ja c0 laskee. Kokonaiskysyntäsuora siirtyy alaspäin ja talous siirtyy pisteestä A pisteeseen B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-13.jpg</image:loc>
        <image:title>Mafiakytkösten käyttö kertoimen arvioinnissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-14.jpg</image:loc>
        <image:title>Kertoimen arviointi elvytyspaketin tienrakennusrahojen avulla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-15.jpg</image:loc>
        <image:title>Ison-Britannian julkisyhteisöjen velka prosentteina bruttokansantuotteesta 1700–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-16.jpg</image:loc>
        <image:title>Ranskan 1980-luvun elvytyspolitiikan seuraukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-17.jpg</image:loc>
        <image:title>Kansantalouden tarjontapuoli: työmarkkinat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-18.jpg</image:loc>
        <image:title>Kansantalouden kysyntä- ja tarjontapuolet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-19-c.jpg</image:loc>
        <image:title>Työttömyyden vaihtelu tasapainotyöttömyyden ympärillä suhdannesyklin mittaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-19-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino
: Talous on aluksi työmarkkinatasapainossa pisteessä A, jossa työttömyys on viisi prosenttia. Kokonaiskysynnän tason on oltava normaaliksi nimetyn kokonaiskysyntäkäyrän mukainen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-19-b.jpg</image:loc>
        <image:title>Nousukausi
: Kuvittele investointien lisäys, joka siirtää kokonaiskysyntäkäyrän tasolle AD (korkea), jolloin tuotanto ja työllisyys kasvavat. Talous on pisteessä B: nousukauden aikana työttömyys laskee alle viiden prosentin. Lisätyöllisyyttä sanotaan suhdannetyöllisyydeksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-14-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-02-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>Viljelijöiden tuotantofunktio: työn laskeva keskituotos
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/15.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-15-header.jpg</image:loc>
        <image:title>25th Annual Sonoma County Hot Air Balloon Classic: Sean Freese, https://goo.gl/ET1nEi, licenza CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-01.jpg</image:loc>
        <image:title>Inflazione e elezioni presidenziali negli Stati Uniti (1912–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-02-c.jpg</image:loc>
        <image:title>Tre cause dell’inflazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-02-a.jpg</image:loc>
        <image:title>Aumenta il potere dei proprietari delle imprese rispetto ai consumatori
: Può essere determinato da una minore intensità della concorrenza (effetto di medio-lungo periodo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-02-b.jpg</image:loc>
        <image:title>Aumenta il potere dei dipendenti rispetto ai proprietari delle imprese
: Può essere determinato da un aumento del potere dei sindacati (effetto di medio-lungo periodo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-03.jpg</image:loc>
        <image:title>La curva di Phillips: inflazione dei salari e disoccupazione nel Regno Unito (1861–1913).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/15-bill-phillips.jpg</image:loc>
        <image:title>Bill Phillips</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-mcq-03.jpg</image:loc>
        <image:title>Il mercato del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-a.jpg</image:loc>
        <image:title>Inflazione e spartizione della torta: prezzi stabili con mercato del lavoro in equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-b-c.jpg</image:loc>
        <image:title>Inflazione e distribuzione della torta al variare della disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-b-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: In A il mercato del lavoro è in equilibrio. I salari reali sulla curva della fissazione del salario sono uguali a quelli sulla curva della fissazione del prezzo: le richieste relative ai salari reali e ai profitti reali per lavoratore sono compatibili con la produttività del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-b-b.jpg</image:loc>
        <image:title>Bassa disoccupazione
: Se la disoccupazione è bassa, il salario reale richiesto dai lavoratori per garantire un impegno adeguato aumenta: la somma di salari reali e profitti reali per lavoratore richiesti è maggiore della produttività del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-box-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-c-c.jpg</image:loc>
        <image:title>Gap, inflazione e curva di Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-c-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: Il gap di contrattazione è zero e l’inflazione è zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-c-b.jpg</image:loc>
        <image:title>Bassa disoccupazione
: Il gap di contrattazione è positivo e l’inflazione è positiva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-d-c.jpg</image:loc>
        <image:title>Modelli di breve e medio termine: domanda aggregata, occupazione e inflazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-d-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: Quando il livello della domanda aggregata porta l’occupazione al livello di equilibrio (livello normale di attività), i prezzi sono stabili (inflazione zero).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-04-d-b.jpg</image:loc>
        <image:title>Effetti di un boom economico
: Se la domanda aggregata aumenta (boom economico), il gap di contrattazione e l’inflazione sono positivi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-h.jpg</image:loc>
        <image:title>La curva di Phillips e le preferenze del governo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-a.jpg</image:loc>
        <image:title>Le preferenze del governo
: La figura rappresenta le curve di indifferenza del governo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-b.jpg</image:loc>
        <image:title>Occupazione e inflazione entrambe elevate
: Quando occupazione e inflazione sono elevate la curva di indifferenza è piatta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-c.jpg</image:loc>
        <image:title>Un più basso livello di occupazione e inflazione
: Quando il livello di occupazione e inflazione è più basso, la curva di indifferenza è più ripida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-d.jpg</image:loc>
        <image:title>Inflazione al 2%
: La curva di indifferenza diventa verticale se l’inflazione è al 2%, cioè al livello preferito dal governo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-e.jpg</image:loc>
        <image:title>Piena occupazione
: La curva di indifferenza è orizzontale quando l’occupazione è pari all’offerta di lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-f.jpg</image:loc>
        <image:title>La migliore combinazione
: Il punto F rappresenta quella che il governo considera la migliore possibile combinazione di inflazione e disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-05-g.jpg</image:loc>
        <image:title>L’insieme possibile
: Il governo sceglie tra le combinazioni possibili sulla curva di Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-g.jpg</image:loc>
        <image:title>Curve di Phillips negli Stati Uniti (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-a.jpg</image:loc>
        <image:title>Dov’è la curva di Phillips?
: La figura mostra le combinazioni di inflazione e disoccupazione negli Stati Uniti per il periodo 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-b.jpg</image:loc>
        <image:title>Una curva che si sposta
: Possiamo utilizzare la figura per vedere come è cambiata la curva di Phillips nel tempo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-c.jpg</image:loc>
        <image:title>Gli anni Sessanta
: La curva di Phillips (CP) negli anni Sessanta mostra che l’economia era in buona salute: gli Stati Uniti beneficiavano di combinazioni di bassa inflazione e disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-d.jpg</image:loc>
        <image:title>Gli anni Settanta
: Nei primi anni Settanta la curva sembra essersi spostata più in alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-e.jpg</image:loc>
        <image:title>Gli anni Settanta
: La curva si sposta ancora più in alto alla fine degli anni Settanta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-06-f.jpg</image:loc>
        <image:title>Gli anni Ottanta
: E si sposta ancora più in alto all’inizio degli anni ottanta, peggiorando ulteriormente il trade-off tra disoccupazione e inflazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-07-c.jpg</image:loc>
        <image:title>Gap di contrattazione, inflazione attesa e curva di Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-07-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: In equilibrio l’inflazione è al 3%, in linea con le aspettative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-07-b.jpg</image:loc>
        <image:title>Se c’è un boom
: Per livelli bassi di disoccupazione, il gap di contrattazione è del 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-box-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-box-c.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-09-c.jpg</image:loc>
        <image:title>Aspettative di inflazione e curva di Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-09-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: Nel punto di equilibrio A l’inflazione è al 3%, in linea con le aspettative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-09-b.jpg</image:loc>
        <image:title>Effetti di un boom: il primo periodo
: Per livelli bassi di disoccupazione, il gap di contrattazione è del 2%. L’inflazione è uguale alla somma del gap e dell’inflazione attesa. Si raggiunge il punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-10-d.jpg</image:loc>
        <image:title>Inflazione, inflazione attesa e gap di contrattazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-10-a.jpg</image:loc>
        <image:title>Gap di contrattazione pari a zero
: L’inflazione è pari a quella attesa: 3%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-10-b.jpg</image:loc>
        <image:title>Primo anno
: All’inizio del primo anno successivo al determinarsi del gap di contrattazione, l’inflazione è pari al gap (2%) più l’inflazione attesa (3%).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-10-c.jpg</image:loc>
        <image:title>Secondo anno
: All’inizio del secondo anno, senza cambiamenti nel gap di contrattazione, l’inflazione arriva al 7%, pari al gap di contrattazione più l’inflazione attesa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-11-d.jpg</image:loc>
        <image:title>Uno shock petrolifero e la curva della fissazione del prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-11-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro
: Lo stato iniziale è rappresentato dal punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-11-b.jpg</image:loc>
        <image:title>Lo shock petrolifero
: Il prezzo del greggio aumenta, abbassando la curva della fissazione del prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-11-c.jpg</image:loc>
        <image:title>Il gap di contrattazione
: Se il livello della domanda aggregata mantiene l’economia nel punto A, si determina un gap di contrattazione positivo e l’inflazione cresce nel tempo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-12.jpg</image:loc>
        <image:title>Prezzo reale del greggio e crescita del PIL nel Regno Unito (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-13.jpg</image:loc>
        <image:title>Inflazione e disoccupazione nel Regno Unito (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-14.jpg</image:loc>
        <image:title>I canali di trasmissione della politica monetaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-15-c.jpg</image:loc>
        <image:title>Stabilizzare l’economia attraverso la politica monetaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-15-a.jpg</image:loc>
        <image:title>Equilibrio nel mercato dei beni
: Il mercato dei beni è inizialmente nel suo punto equilibrio A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-15-b.jpg</image:loc>
        <image:title>L’effetto di una recessione
: La diminuzione dei consumi abbassa la curva della domanda aggregata, portando l’economia in recessione (ci si sposta da A a B).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-16.jpg</image:loc>
        <image:title>Riduzione del tasso di interesse in Australia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-18-d.jpg</image:loc>
        <image:title>Politiche di stabilizzazione per aumentare l’occupazione dopo una caduta degli investimenti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-18-a.jpg</image:loc>
        <image:title>Prima della recessione
: L’economia è nel punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-18-b.jpg</image:loc>
        <image:title>Una riduzione degli investimenti
: La domanda aggregata si abbassa e l’economia si muove nel punto D, nel quale l’inflazione è minore ma la disoccupazione è più elevata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-18-c.jpg</image:loc>
        <image:title>La banca centrale e il governo reagiscono
: Una riduzione del tasso di interesse e uno stimolo fiscale (riduzione delle imposte e aumento della spesa pubblica) riportano la curva della domanda aggregata alla posizione iniziale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-20.jpg</image:loc>
        <image:title>Inflazione e indipendenza della banca centrale nei paesi dell’OCSE.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-21.jpg</image:loc>
        <image:title>Il tasso di disoccupazione che rende stabile l’inflazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-15-22.jpg</image:loc>
        <image:title>Reazione dei prezzi ad un aumento dell’occupazione e del grado di utilizzo della capacità produttiva.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/18.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-18-header.jpg</image:loc>
        <image:title>Container ship CSCL Venus of the China Shipping Line: Buonasera, https://goo.gl/mCTZNb, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-01.svg</image:loc>
        <image:title>Ford employees across the world in 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-02.svg</image:loc>
        <image:title>World merchandise exports as a share of world GDP (1820–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-f.svg</image:loc>
        <image:title>The market for cars: Price gaps reflect trade costs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-a.svg</image:loc>
        <image:title>The exporter’s supply curve
: The blue line represents the supply curve in the producing (exporting) country, which is Japan. It is an upward-sloping function of the price in that country.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-b.svg</image:loc>
        <image:title>The consumer’s demand curve
: The red line represents the demand curve in the consuming (importing) country, which is the US. It is a downward-sloping function of the price in that country.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-c.svg</image:loc>
        <image:title>A competitive market
: If the market is competitive, then the price of the car in the US will be the cost of buying it in Japan, plus the trade cost t. Let us assume that the cost of shipping a unit of the good is 4.5. We will show that 4,000 cars will be produced.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-d.svg</image:loc>
        <image:title>Why 4,000?
: Because at that quantity, the difference between the supply curve and the demand curve is equal to the trade cost, 4.5. The marginal cost in Japan will be 2.75, while the customers in the US are willing to pay 7.25 per unit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-03-e.svg</image:loc>
        <image:title>The effect of globalization
: If we think of globalization as a process, then a world that is becoming more globalized is one in which trade costs are falling. In the figure, this is represented by a decline in trade costs from t to t′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-04.svg</image:loc>
        <image:title>The Anglo-American wheat trade (1800–1914).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-05.svg</image:loc>
        <image:title>Commodity price gaps between the US and UK (1870–1913).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-06.svg</image:loc>
        <image:title>Impediments to trade (1870–2000).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-07.svg</image:loc>
        <image:title>Average tariff rates, per cent (1981–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-08.svg</image:loc>
        <image:title>International capital flows (1870–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-09.svg</image:loc>
        <image:title>International asset holdings (1900–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-10.svg</image:loc>
        <image:title>Foreign direct investment: Investment by US firms in other countries according to whether wages are lower or higher than in the US (2001–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-11.svg</image:loc>
        <image:title>Immigration into the US as a percentage of the change in US population (1820–1998).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-12.svg</image:loc>
        <image:title>Manufacturing wages relative to the US (1975–79 and 2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-14.svg</image:loc>
        <image:title>Between-country cost differences, specialization, and trade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-g.svg</image:loc>
        <image:title>Carlos’ (Apple Island’s) and Greta’s (Wheat Island’s) feasible production frontiers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-a.svg</image:loc>
        <image:title>Carlos’ production
: The left-hand panel of the figure shows the combinations of wheat and apples that Carlos can produce in a year. If he produces only apples, he can produce 10,000 of them in a year. This is shown by point A on the horizontal axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-b.svg</image:loc>
        <image:title>Specialization in wheat
: Similarly, if Carlos produces only wheat then he can produce 4,000 tonnes, as shown by point B on the vertical axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-c.svg</image:loc>
        <image:title>The feasible production frontier
: The red line that joins points A and B is the feasible production frontier for Carlos. It shows all the combinations of wheat and apples that can be produced by Carlos in a year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-d.svg</image:loc>
        <image:title>Carlos’s choice
: He can choose to produce any combination on (or inside) the frontier. For example, he could produce 2,000 tonnes of wheat and 5,000 apples, as shown by point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-e.svg</image:loc>
        <image:title>Carlos’ feasible set
: He can produce anywhere between the origin and the feasible production frontier. The red shaded area shows his feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-a-f.svg</image:loc>
        <image:title>The feasible production frontier for Greta
: This is shown in the right hand panel. Greta can produce more of both goods than Carlos can. If she only produces a single good, she can produce either 12,500 apples or 10,000 tonnes of wheat in a year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-b-d.svg</image:loc>
        <image:title>Carlos’ (Apple Island’s) and Greta’s (Wheat Island’s) utility-maximizing choices of consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-b-a.svg</image:loc>
        <image:title>Carlos’ feasible consumption frontier
: This is in the left-hand panel, coinciding with his feasible production frontier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-b-b.svg</image:loc>
        <image:title>Carlos’ indifference curves
: The shape of the indifference curves represents Carlos’ preferences over wheat and apples.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-16-b-c.svg</image:loc>
        <image:title>The highest indifference curve Carlos can attain
: It will be the one that is tangent to his feasible consumption frontier. He will choose to consume 2,500 tonnes of wheat a year and 3,750 apples, as shown by point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-18-c.svg</image:loc>
        <image:title>The effect of trade and specialization on Carlos’ and Greta’s feasible consumption frontiers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-18-a.svg</image:loc>
        <image:title>Before specialization and trade
: The figure shows the feasible production frontiers for Carlos and Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-18-b.svg</image:loc>
        <image:title>The effect of specialization and trade
: The dotted red lines show the outward shift of the feasible consumption frontiers due to specialization and trade. We assume that the relative price of wheat after specialization and trade is 2 (an arbitrary price in between 1.25 and 2.5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-19-c.svg</image:loc>
        <image:title>The effect of trade and specialization on the feasible consumption frontiers for Carlos and Greta, when Greta is able to dictate the price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-19-a.svg</image:loc>
        <image:title>Feasible production frontiers
: The figure starts with the same feasible production frontiers as Figure 18.18.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-19-b.svg</image:loc>
        <image:title>After trade
: Greta now dictates the relative price of wheat to be 2.25. Trade still shifts out both feasible sets, but it shifts Greta’s by more. This means trade and specialization will increase the utility of both Carlos and Greta, but will increase Greta’s utility by more.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/18-david_ricardo.jpg</image:loc>
        <image:title>David Ricardo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-mcq-05.svg</image:loc>
        <image:title>Carlos’ and Greta’s feasible production frontiers and their utility-maximizing choices of consumption between wheat and apples under autarky (no trade).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-mcq-07.svg</image:loc>
        <image:title>Alex’s and Jose’s feasible production frontiers for oranges and melons.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-20.svg</image:loc>
        <image:title>The winners and losers from trade between the US and China.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-g.svg</image:loc>
        <image:title>The long-run effect of specialization on unemployment in the US.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-a.svg</image:loc>
        <image:title>Unemployment at the long-run rate
: The economy starts at point A (U = 6%).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-b.svg</image:loc>
        <image:title>The US specializes in the production of aircraft
: It has a comparative advantage. By specializing in the good it is relatively best at, this increases the average productivity of US labour, shifting up output per worker and therefore, the price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-c.svg</image:loc>
        <image:title>Workers producing consumer electronics are laid off
: US consumers are now buying their DVD players from China. Some are hired in producing aircraft, but not all, because productive capacity in that sector is limited. The economy moves from point A to point B and unemployment rises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-d.svg</image:loc>
        <image:title>US aircraft manufacturing firms are making large profits
: They expect this will continue in the future. They build new production capacity, expanding the demand for labour and re-employing the former electronics workers. The economy moves from point B to point C, and unemployment falls to 4% below its original level.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-e.svg</image:loc>
        <image:title>Increased demand for labour
: The demand increases workers’ bargaining power. Wages increase. This process stops when the economy has come to the new intersection of the price- and wage-setting curves at point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-21-f.svg</image:loc>
        <image:title>The wage-setting curve
: It may also shift if workers demand more generous unemployment benefits because of the increased job turnover due to the effects of trade. If it shifts a lot, specialization might imply a reduction in total employment. For example, at point E in the figure, unemployment is higher than the original long-run rate of 6%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-qqZxJGW9B7M.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-22.svg</image:loc>
        <image:title>Rodrik’s political trilemma.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-LRDIejhdtYk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-18-23.svg</image:loc>
        <image:title>Catching up and stagnating: Manufacturing wages relative to the US (1950–2015).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/14.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-14-header.jpg</image:loc>
        <image:title>Heatpipe tunnel Copenhagen: Bill Ebbesen, https://goo.gl/dYuIr7, licensed under CC BY 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-01.jpg</image:loc>
        <image:title>Fluctuaciones en la producción y el tamaño del sector público en Estados Unidos (1870–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-02-c.jpg</image:loc>
        <image:title>La función de consumo agregado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-02-a.jpg</image:loc>
        <image:title>Consumo autónomo
: Esta es la cantidad fija que gastarán los hogares, que no depende de su nivel actual de ingresos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-02-b.jpg</image:loc>
        <image:title>Consumo que depende de los ingresos
: La línea ascendente denota la parte del consumo que depende de los ingresos actuales (y, por lo tanto, del producto actual).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-03.jpg</image:loc>
        <image:title>Miedo y consumo de los hogares de Estados Unidos durante la crisis financiera mundial (T1 2008–T4 2009).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-04-d.jpg</image:loc>
        <image:title>Equilibrio del mercado de bienes: diagrama del multiplicador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-04-a.jpg</image:loc>
        <image:title>Equilibrio del mercado de bienes
: El punto A se denomina equilibrio del mercado de bienes: la economía continuará produciendo a ese nivel a menos que algo cambie el comportamiento de gasto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-04-b.jpg</image:loc>
        <image:title>La línea con inclinación de 45 grados
: La línea con inclinación de 45 grados que parte del origen del diagrama muestra todas las combinaciones en las que la producción es igual a la demanda agregada, lo que significa que la economía está en equilibrio del mercado de bienes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-04-c.jpg</image:loc>
        <image:title>Consumo
: El primer componente de la demanda agregada es el consumo, que está representado por la línea de consumo que se muestra en la figura 14.2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-i.jpg</image:loc>
        <image:title>El multiplicador en acción: una recesión impulsada por la inversión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-a.jpg</image:loc>
        <image:title>Equilibrio del mercado de bienes
: La economía comienza en el punto A, en el equilibrio del mercado de bienes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-b.jpg</image:loc>
        <image:title>Una caída en la inversión
: La caída en la inversión reduce la demanda agregada en 1500 millones de euros, y la economía se desplaza verticalmente hacia abajo, del punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-c.jpg</image:loc>
        <image:title>Las empresas introducen recortes
: Con una demanda más baja, las empresas reducen la producción y el empleo. Con una producción y empleo más bajos, los ingresos caen en 1500 millones de euros. Este es el movimiento de B a C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-d.jpg</image:loc>
        <image:title>Una caída en el consumo
: Una vez que los ingresos de los hogares caen, estos reducen su consumo, ya que podrían enfrentarse a restricciones crediticias. La ecuación de consumo nos indica que este tipo de comportamiento inicialmente conduce a una caída en el consumo agregado de 0,6 veces la caída del ingreso. Esta es la distancia desde el punto C al punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-e.jpg</image:loc>
        <image:title>Las empresas introducen recortes nuevamente
: Las empresas responden reduciendo la producción, el producto cae y la economía se mueve del punto D al punto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-f.jpg</image:loc>
        <image:title>… y así sucesivamente
: El proceso continuará hasta que la economía alcance el punto Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-g.jpg</image:loc>
        <image:title>La nueva línea de demanda agregada
: Pasa por el punto Z y muestra el nuevo equilibrio de la economía en el mercado de bienes después del shock de inversión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-05-h.jpg</image:loc>
        <image:title>La caída de la producción como resultado del shock
: La caída total de la producción excede el tamaño inicial de la disminución de la inversión; El producto ha caído en 3750 millones de euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-06-d.jpg</image:loc>
        <image:title>Demanda agregada en la Gran Depresión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-06-a.jpg</image:loc>
        <image:title>El pico máximo de 1929
: El punto A muestra la situación inicial de la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-06-b.jpg</image:loc>
        <image:title>Una caída en la inversión
: Esto desplaza la curva de demanda agregada el nivel de pre-crisis al nivel de crisis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-06-c.jpg</image:loc>
        <image:title>Una recesión normal
: La economía normalmente hubiera pasado al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-h.jpg</image:loc>
        <image:title>Riqueza del hogar: conceptos clave.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-a.jpg</image:loc>
        <image:title>Ingresos futuros esperados del empleo
: Están representados por el rectángulo naranja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-b.jpg</image:loc>
        <image:title>Riqueza financiera
: El rectángulo verde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-c.jpg</image:loc>
        <image:title>La participación de la familia en la propiedad de la casa
: Representada por el rectángulo azul.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-d.jpg</image:loc>
        <image:title>La riqueza total del hogar en sentido amplio
: Es la suma de los rectángulos verde, azul y naranja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-e.jpg</image:loc>
        <image:title>Los hogares también tienen deudas
: Estas se muestran en el rectángulo rojo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-f.jpg</image:loc>
        <image:title>El patrimonio neto del hogar
: También se conoce como riqueza material. Lo calculamos tomando los activos totales (excluyendo las ganancias futuras esperadas), que es el valor de la casa más la riqueza financiera, y restando la deuda que se debe.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-07-g.jpg</image:loc>
        <image:title>El valor de la casa
: Es igual al valor neto o equity de la vivienda, más lo que le debe al banco (la hipoteca).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-08-c.jpg</image:loc>
        <image:title>La Gran Depresión: los hogares redujeron el consumo para restablecer su riqueza objetivo en sentido amplio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-08-a.jpg</image:loc>
        <image:title>Antes de la depresión
: Los hogares están tomando decisiones de consumo en línea con sus expectativas sobre su patrimonio neto y los ingresos futuros del empleo. Esto se demuestra por el hecho de que la riqueza total es igual a la riqueza objetivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-08-b.jpg</image:loc>
        <image:title>La depresión
: A finales de 1929, columna B, la recesión estaba en marcha y las creencias habían cambiado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-09-e.jpg</image:loc>
        <image:title>Inversión, tasa de beneficio esperada y tasa de interés en una economía con dos empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-09-a.jpg</image:loc>
        <image:title>Empresa A
: La empresa A tiene tres proyectos de inversión de diferente escala y tasa de beneficio cada uno, que se muestran aquí en orden decreciente de la tasa de beneficio esperada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-09-b.jpg</image:loc>
        <image:title>Empresa B
: La empresa B también tiene tres proyectos de inversión diferentes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-09-c.jpg</image:loc>
        <image:title>La decisión de invertir
: Si la tasa de interés se mantiene en 5%, la empresa A continúa con el proyecto 1 y la empresa B no invierte en absoluto. Pero si la tasa de interés fuera del 2%, A emprendería los proyectos 1 y 2, y B emprendería los tres proyectos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-09-d.jpg</image:loc>
        <image:title>La decisión de invertir
: El panel inferior agrega las posibles inversiones de las dos empresas, organizadas en base a la tasa de beneficio esperada como antes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-a-c.jpg</image:loc>
        <image:title>La economía agregada cuando la tasa de beneficios esperada aumenta para un conjunto dado de proyectos (efecto de oferta).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-a-a.jpg</image:loc>
        <image:title>Tasa de interés al 5%
: Con una tasa de interés del 5%, solo un proyecto seguirá adelante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-a-b.jpg</image:loc>
        <image:title>Mejora en las condiciones de oferta
: La mejora en las condiciones de oferta aumenta la tasa de beneficios esperada para cada proyecto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-b-b.jpg</image:loc>
        <image:title>La economía agregada cuando la capacidad deseada aumenta para cada proyecto (efecto de demanda).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-b-a.jpg</image:loc>
        <image:title>Tasa de interés al 2%
: Con una tasa de interés del 2% y la capacidad deseada inicial, la inversión se muestra en los bloques de color más oscuro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-c-c.jpg</image:loc>
        <image:title>Función de inversión agregada: efectos de la tasa de interés y las expectativas de beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-c-a.jpg</image:loc>
        <image:title>Proyectos potenciales de inversión
: En una economía con muchos miles de empresas, todos sus potenciales proyectos de inversión están representados por una función de inversión agregada con pendiente negativa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-10-c-b.jpg</image:loc>
        <image:title>Aumento de la inversión
: En respuesta a una caída en la tasa de interés, la inversión aumenta de C a E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-a-c.jpg</image:loc>
        <image:title>Una expansión fiscal puede compensar una disminución del consumo privado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-a-a.jpg</image:loc>
        <image:title>Equilibrio del mercado de bienes
: La economía comienza en el punto A, en el equilibrio del mercado de bienes, en el que la demanda agregada es igual a la producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-a-b.jpg</image:loc>
        <image:title>La economía entra en recesión
: Esto ocurre después de una caída en la confianza del consumidor, que provoca una reducción de c0. La línea de demanda agregada se desplaza hacia abajo y la economía se mueve del punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/14-john-maynard-keynes.jpg</image:loc>
        <image:title>John Maynard Keynes' Portrait</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-b-c.jpg</image:loc>
        <image:title>La austeridad del gobierno puede empeorar una recesión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-b-a.jpg</image:loc>
        <image:title>Equilibrio del mercado de bienes
: La economía comienza en el punto A de equilibrio del mercado de bienes, en el que la demanda agregada es igual a la producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-11-b-b.jpg</image:loc>
        <image:title>La economía entra en recesión
: Esto ocurre después de una caída en la confianza del consumidor que provoca una reducción de c0. La línea de demanda agregada se desplaza hacia abajo y la economía se mueve del punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-13.jpg</image:loc>
        <image:title>Uso de la proximidad a la mafia para estimar el multiplicador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-14.jpg</image:loc>
        <image:title>Uso del gasto en carreteras como parte del plan de estímulo estadounidense para estimar el multiplicador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-15.jpg</image:loc>
        <image:title>Deuda pública del Reino Unido como porcentaje del PIB (1700–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-16.jpg</image:loc>
        <image:title>Éxitos y fracasos del estímulo fiscal francés (1980–1983).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-17.jpg</image:loc>
        <image:title>El lado de la oferta de la economía agregada: el mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-18.jpg</image:loc>
        <image:title>El lado de la oferta y el lado de la demanda de la economía agregada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-19-c.jpg</image:loc>
        <image:title>Fluctuaciones del ciclo económico en torno al desempleo de equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-19-a.jpg</image:loc>
        <image:title>Equilibrio del mercado laboral
: La economía está inicialmente en el equilibrio del mercado laboral en el punto A con un desempleo del 5%. El nivel de demanda agregada debe ser el que se muestra en la curva de demanda agregada etiquetada como «normal».
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-19-b.jpg</image:loc>
        <image:title>Un auge
: Considere un aumento en la inversión que desplaza la curva de demanda agregada hasta DA (alta), de modo que aumenten la producción y el empleo. La economía pasa a B: con el auge, el desempleo cae por debajo del 5%. El empleo adicional se llama empleo cíclico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-14-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/17.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-17-header.jpg</image:loc>
        <image:title>Financial Crisis Headline Montage: pingnews.com, https://goo.gl/yAQq7m, licensed under CC BY-SA 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-01-a.jpg</image:loc>
        <image:title>La Gran Depresión y la crisis financiera global: producción industrial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-01-b.jpg</image:loc>
        <image:title>La Gran Depresión y la crisis financiera global: política monetaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-01-c.jpg</image:loc>
        <image:title>La Gran Depresión y la crisis financiera global: política fiscal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-02.jpg</image:loc>
        <image:title>Desempleo, crecimiento de la productividad y desigualdad en Estados Unidos (1914–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-03.jpg</image:loc>
        <image:title>Panel superior: crecimiento del capital social y de las tasas de beneficio para las empresas no financieras estadounidenses (1927–2015). Panel inferior: Tasa impositiva efectiva sobre beneficios para empresas no financieras estadounidenses (1929–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-04.jpg</image:loc>
        <image:title>Deuda como porcentaje del PIB en EE.UU.: hogares, sector empresarial no financiero, sector empresarial financiero y sector público (1945–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-mcq-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-06.jpg</image:loc>
        <image:title>El efecto de la Gran Depresión en la economía estadounidense (1928–1941).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-07.jpg</image:loc>
        <image:title>Cambios en los componentes de la demanda agregada durante expansiones y recesiones (T3 1924–T4 1941).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-08.jpg</image:loc>
        <image:title>Decisiones políticas durante la Gran Depresión: EE.UU. (1921–1941).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-09.jpg</image:loc>
        <image:title>La Gran Depresión y la recuperación: los hogares redujeron su consumo para mantener su riqueza objetivo durante la depresión e incrementaron el consumo desde 1933.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-HOv1H4ht0XI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-10.jpg</image:loc>
        <image:title>La edad de oro del capitalismo en perspectiva histórica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-11.jpg</image:loc>
        <image:title>Crecimiento convergente respecto a EE.UU. durante la edad de oro y después (1950–2016).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-12-d.jpg</image:loc>
        <image:title>La edad de oro a través de las curvas de fijación de precios y salarios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-12-a.jpg</image:loc>
        <image:title>El comienzo de la edad de oro
: Suponga que la economía estadounidense estaba en el punto A a principios de la edad de oro, y que el desempleo era de un 5%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-12-b.jpg</image:loc>
        <image:title>Progreso tecnológico
: Como resultado, se eleva la curva de fijación de precios (hasta la que viene indicada como «finales de 1950/60»), lo que estimula la inversión. Este proceso es consistente con los datos de crecimiento del capital social en EE.UU. que hemos mostrado en la figura 17.3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-12-c.jpg</image:loc>
        <image:title>La curva de fijación de salarios se desplaza hacia arriba, pero menos que la curva de fijación de precios
: El poder de los sindicatos y las políticas públicas favorables dieron más poder negociador a los trabajadores. Sin embargo, y gracias a los acuerdos con los empleadores, el desplazamiento hacia arriba de la curva de fijación de salarios fue modesto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-13.jpg</image:loc>
        <image:title>Afiliación sindical y tamaño del sector público en EE.UU. (1913–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-14.jpg</image:loc>
        <image:title>El final de la edad de oro. Huelgas y salarios respecto a la cotización de las acciones en economías avanzadas (1950–2002).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-15-d.jpg</image:loc>
        <image:title>El final de la edad de oro a través de las curvas de fijación de precios y salarios (tenga en cuenta que los salarios reales en el eje vertical se miden después de impuestos y en términos de precios al consumo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-15-a.jpg</image:loc>
        <image:title>El acuerdo de posguerra se derrumba
: El desplazamiento ascendente de la curva de fijación de salarios representa el derrumbe de los acuerdos de posguerra a fines de la década de 1960 y principios de la de 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-15-b.jpg</image:loc>
        <image:title>La primera crisis del petróleo (1973)
: En 1973, se produjo el primer shock del precio del petróleo, lo que empujó la curva de fijación de precios hacia abajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-15-c.jpg</image:loc>
        <image:title>El desempleo estabilizador de la inflación aumenta
: La combinación de un desplazamiento hacia abajo de la curva de fijación de precios y un desplazamiento ascendente de la curva de fijación de salarios significó que la tasa de desempleo sostenible a largo plazo aumentara hasta el 7%, como se muestra en el punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-16.jpg</image:loc>
        <image:title>Tras la edad de oro: desempleo e inflación en economías avanzadas (1960–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>La figura 15.6 representa las combinaciones de inflación y desempleo de la economía estadounidense para todos los años entre 1960 y 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-17.jpg</image:loc>
        <image:title>La edad de oro y sus consecuencias: salarios reales y producto por trabajador de producción en el sector manufacturero en EE.UU. (1949–2016).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-18.jpg</image:loc>
        <image:title>El mercado inmobiliario al alza y a la baja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-19.jpg</image:loc>
        <image:title>El ratio deuda-ingresos de los hogares y precios de la vivienda en EE.UU. (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-20.jpg</image:loc>
        <image:title>Riqueza y deuda de los hogares estadounidenses: Quintil más rico y más pobre (2007).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-21.jpg</image:loc>
        <image:title>Ratio de apalancamiento de los bancos de EE.UU. y el Reino Unido (1960–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/17-hyman-minsky.jpg</image:loc>
        <image:title>Hyman Minsky</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-22.jpg</image:loc>
        <image:title>Equilibrios estables e inestables en el mercado inmobiliario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-23.jpg</image:loc>
        <image:title>Equilibrios estables e inestables en el mercado inmobiliario: La CDP con forma de S.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-24-d.jpg</image:loc>
        <image:title>Un punto de inflexión en el mercado inmobiliario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-24-a.jpg</image:loc>
        <image:title>Un equilibrio en B
: En el punto B, los precios de la vivienda son altos, pero estables.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-24-b.jpg</image:loc>
        <image:title>A algunos propietarios ‘les entra miedo’
: Supongamos que algunas personas comienzan a creer que los precios son demasiado altos y venden sus casas. Esto se muestra mediante un desplazamiento hacia abajo de la curva de dinámica de precios en forma de S hacia la azul más oscura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-24-c.jpg</image:loc>
        <image:title>Un cambio de actitud
: A medida que más personas adoptan la opinión de que los precios caerán y también venden, la curva en forma de S se desplaza hacia abajo y los precios caen en la dirección que indica la flecha punteada, de B a Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-25-c.jpg</image:loc>
        <image:title>La crisis financiera: Los precios de la vivienda en EE.UU. se desploman.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-25-a.jpg</image:loc>
        <image:title>La economía estadounidense (2006)
: El mercado de la vivienda en la economía estadounidense en 2006 se muestra en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-25-b.jpg</image:loc>
        <image:title>Los precios de la vivienda caen (2007)
: Los precios de la vivienda comenzaron a bajar en 2007, a medida que la demanda se desplazaba hacia abajo de A a B, empujando el índice de precios de la vivienda a 92 desde su máximo de 100.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-26.jpg</image:loc>
        <image:title>Demanda agregada y crisis financiera en EE.UU. (T2 2006–T4 2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-27-d.jpg</image:loc>
        <image:title>La crisis financiera: Burbuja inmobiliaria, deuda de los hogares y desplome del precio de la vivienda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-27-a.jpg</image:loc>
        <image:title>La gran moderación (década de 1980)
: La columna A muestra la situación en la década de 1980.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-27-b.jpg</image:loc>
        <image:title>Aumento de los precios de la vivienda (década de 1990–2006)
: Durante la década de 1990 y especialmente a principios de la década de 2000, la subida de los precios de la vivienda aumentó la riqueza total, por lo que los hogares aumentaron el consumo al aumentar la deuda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-27-c.jpg</image:loc>
        <image:title>Caída de los precios de la vivienda (2006–2009)
: El aumento del desempleo llevó a una reevaluación a la baja de los ingresos futuros esperados del empleo. El patrimonio neto de los hogares se redujo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-g_W9SsstO9Y.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-w4gcdQA33aI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-17-28.jpg</image:loc>
        <image:title>Elecciones de política económica durante el final de la edad de oro: EE.UU. (1960–79).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-HYxJeuGzXAo.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-11-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>El inicio de una burbuja para las acciones de Flying Car Corporation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-18.jpg</image:loc>
        <image:title>Un equilibrio inestable.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-12-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-02.svg</image:loc>
        <image:title>The plantations’ choice of banana output.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/22.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-22-header.jpg</image:loc>
        <image:title>Elections in South Africa: FARRELL/AP/REX/Shutterstock</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-01.svg</image:loc>
        <image:title>Apartheid and its demise: The value of South Africa’s old age pension.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-02.svg</image:loc>
        <image:title>The growth of government in the UK (1500–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-04-b.svg</image:loc>
        <image:title>The forward-looking dictator contemplates the total political rent he will get with two different levels of annual taxation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-04-a.svg</image:loc>
        <image:title>Higher tax
: If the dictator collects T2 in taxes, he anticipates that he will remain in office for D2 years. His total political rent is (T2 − C)D2, where C is the cost of supplying the public good.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-05.svg</image:loc>
        <image:title>The duration curve: The dictator sets the tax given the cost of the public service.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-06.svg</image:loc>
        <image:title>The dictator chooses a tax level to maximize his political rents.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-08-c.svg</image:loc>
        <image:title>The feasible set for taxes and government duration in a relatively uncompetitive and competitive political system.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-08-a.svg</image:loc>
        <image:title>A dictatorship
: In a dictatorship, the duration curve is steep.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-08-b.svg</image:loc>
        <image:title>A flatter curve
: The more competitive duration curve (darker) is flatter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-09.svg</image:loc>
        <image:title>Choice of taxes under less and more competitive conditions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-10.svg</image:loc>
        <image:title>Effect of greater stability and competition: A case where the elite gains.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/22-kenneth-arrow.jpg</image:loc>
        <image:title>Kenneth Arrow</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-h.svg</image:loc>
        <image:title>Ice cream sellers at the beach: The median voter model of electoral competition and party platforms.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-a.svg</image:loc>
        <image:title>A single vendor
: A single vendor, April, arrives at the beach and locates her ice cream stand at A0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-b.svg</image:loc>
        <image:title>A second seller
: A second seller, Bob, arrives and sets up at B0, midway between April and the right-hand end of the beach.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-c.svg</image:loc>
        <image:title>Bob shifts to the left
: Bob realizes he could expand his sales by shifting to the left towards April, to point B1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-d.svg</image:loc>
        <image:title>April responds …
: Because her customer base has shrunk, she shifts immediately to the right-hand side of Bob, to point A1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-e.svg</image:loc>
        <image:title>… and Bob responds again …
: But then Bob will do the same.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-f.svg</image:loc>
        <image:title>The two sellers keep leap-frogging
: They will keep leap-frogging over each other until they are ‘back-to-back’ in the middle of the beach.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-11-g.svg</image:loc>
        <image:title>The middle of the beach
: At this point, neither has an incentive to move as they have divided the customers exactly in half. This is a Nash equilibrium under the rules of the game we have set out.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/22-albert-otto-hirschman.jpg</image:loc>
        <image:title>Albert O. Hirschman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-13.svg</image:loc>
        <image:title>The advance of democracy in the world.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-14.svg</image:loc>
        <image:title>Patterns of public expenditure in Finland, the US, and South Korea (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-15.svg</image:loc>
        <image:title>Democratic accountability and transfers of power.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-10-flowchart.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-16.svg</image:loc>
        <image:title>The duration of democracy and working hours (2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-17.svg</image:loc>
        <image:title>The duration of democracy and inequality in disposable income (2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-18-a-c.svg</image:loc>
        <image:title>Introducing an unemployment benefit: Short- and long-run effects.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-18-a-a.svg</image:loc>
        <image:title>The status quo
: The Nash equilibrium is at point N. The new government introduces an unemployment benefit that workers will receive when out of work, financed by a tax on profits.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-18-a-b.svg</image:loc>
        <image:title>The unintended consequence
: This raises the reservation option of employed workers, so that employers now have to pay more to induce workers to work hard and well. This is shown by point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-18-b.svg</image:loc>
        <image:title>Combining the introduction of an unemployment benefit with a solidarity wage policy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-19.svg</image:loc>
        <image:title>Stock market prices in Chile: The election of a socialist president, 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-_rqi4dd7_B4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-20-a.svg</image:loc>
        <image:title>Stock market prices in Chile: The military overthrow of the socialist government, 1973.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-20-b.svg</image:loc>
        <image:title>Stock market prices in Chile: The 1988 referendum, ending military rule.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-25-a.svg</image:loc>
        <image:title>As we saw in Figure 20.25a, countries with similar per capita income do not necessarily have similar levels of CO2 emissions per capita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-30-a.svg</image:loc>
        <image:title>As we saw in Figure 19.30a, high income countries with a similar growth in GDP per capita do not necessarily have similar levels of inequality.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/07.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-07-header.jpg</image:loc>
        <image:title>Ford 1955 advertisement: courtesy Ford Motor Company; photograph by Don O’Brien, https://goo.gl/0qfEU7</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-01.jpg</image:loc>
        <image:title>Yrityksen koko Yhdysvalloissa: työntekijämäärä 1900–2006.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-02.jpg</image:loc>
        <image:title>Yrityksen päätöksiä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-03.jpg</image:loc>
        <image:title>Cheerios-merkkisten omena-kanelimurojen kysyntäarvio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-f.jpg</image:loc>
        <image:title>Omena-kanelimurojen tuotannon samavoittokäyrät. Käyrät ovat vain esimerkkejä eivätkä kuvaa tuotteen todellista kannattavuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-e.jpg</image:loc>
        <image:title>60 000 dollarin samavoittokäyrä
: Voit saada 60 000 dollarin voiton, jos myyt 60 000 paunaa kolmen dollarin hintaan, 20 000 paunaa viiden dollarin hintaan tai 10 000 paunaa kahdeksan dollarin hintaan. Käyrältä näkee kaikki mahdolliset tavat saada 60 000 dollarin voitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-d.jpg</image:loc>
        <image:title>34 000 dollarin samavoittokäyrä
: Samavoittokäyrä yhdistää kaikki hinnan P ja tuotantomäärän Q yhdistelmät, jotka tuottavat 34 000 dollarin voiton.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-c.jpg</image:loc>
        <image:title>23 000 dollarin samavoittokäyrä
: Lähempänä origoa sijaitsevilla samavoittokäyrillä voitto on pienempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-b.jpg</image:loc>
        <image:title>10 000 dollarin samavoittokäyrä
: Jokaisen aamiaismuroerän tuotantokustannukset ovat kaksi dollaria, joten voitto = (P − 2) × Q. Tämä tarkoittaa, että samavoittokäyrät ovat laskevia. Jos haluat 10 000 dollarin voiton, hinnan tulee olla erittäin korkea, jos tuotantomäärä jää pienemmäksi kuin 8 000. Mutta jos tuotantomäärä Q = 80 000, saat saman voiton alhaisellakin hinnalla (P).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-a.jpg</image:loc>
        <image:title>Nollavoitto
: Vaakasuora viiva edustaa hinta- ja määräyhdistelmiä, jotka tuottavat voittoa nolla dollaria: jos valitset hinnaksi kaksi dollaria, myyt jokaisen muroerän juuri siihen hintaan kuin kustannukset ovat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-a-d.jpg</image:loc>
        <image:title>Voiton maksimoiva hinnan ja määrän yhdistelmä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-a-a.jpg</image:loc>
        <image:title>Voiton maksimoiva valinta
: Tuotepäällikkö valitsee sellaisen hinnan ja määrän yhdistelmän, joka on ylimmällä mahdollisella mahdollisuuksien joukkoon kuuluvalla samavoittokäyrällä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-a-b.jpg</image:loc>
        <image:title>Nollavoitto
: Vaakasuora viiva kertoo, millä hinnan ja määrän yhdistelmillä voitoksi tulee nolla: jos valitset hinnaksi kaksi dollaria, myyt jokaisen muroerän juuri kustannukset kattavaan hintaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-a-c.jpg</image:loc>
        <image:title>Voiton maksimoivat vaihtoehdot
: Tuotepäällikkö valitsee kysyntäkäyrälle osuvan hinnan ja määrän yhdistelmän. Jokainen kysyntäkäyrän alapuolella oleva piste olisi mahdollinen – kuten 8 000 paunan muroerän myynti kolmen dollarin hintaan – mutta hintaa nostamalla voittoa saa enemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-h.jpg</image:loc>
        <image:title>Voiton maksimoiva hinnan ja määrän yhdistelmä omena-kanelimuroille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-a.jpg</image:loc>
        <image:title>Voittofunktio
: Yritys voi laskea voittonsa jokaisessa kysyntäkäyrän pisteessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-b.jpg</image:loc>
        <image:title>Voitto pienillä tuotantomäärillä
: Kun määrä on pieni, niin on voittokin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-c.jpg</image:loc>
        <image:title>Kasvavat voitot
: Määrän kasvaessa voitto kasvaa, kunnes …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-d.jpg</image:loc>
        <image:title>Maksimivoitot
: … voitto saavuttaa maksimin pisteessä E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-e.jpg</image:loc>
        <image:title>Laskevat voitot
: Pisteen E jälkeen voitto pienenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-f.jpg</image:loc>
        <image:title>Nollavoitto
: Voitto pienenee nollaan, kun hinta on yhtä suuri kuin yksikkökustannus, kaksi dollaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-05-b-g.jpg</image:loc>
        <image:title>Negatiiviset voitot
: Jos myyntimäärä halutaan erittäin suureksi, hinta pitää laskea yksikkökustannusta alhaisemmaksi, jolloin voitto on negatiivinen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-g.jpg</image:loc>
        <image:title>Ajattomat Autot: kustannusfunktio ja keskikustannus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-a.jpg</image:loc>
        <image:title>Kustannusfunktio
: Ylemmässä kaaviossa on kustannusfunktio C(Q). Se osoittaa kokonaiskustannukset jokaisella tuotantomäärän Q arvolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-b.jpg</image:loc>
        <image:title>Kiinteät kustannukset
: Kaikki kustannukset eivät vaihtele autojen tuotantomäärän mukaan. Kun yritys on päättänyt tehtaan koon ja investoinut koneisiin ja laitteisiin, niiden kustannukset ovat samat tuotannosta riippumatta. Niitä sanotaan kiinteiksi kustannuksiksi. Kun Q = 0, ainoita kustannuksia ovat kiinteät kustannukset F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-c.jpg</image:loc>
        <image:title>Kasvavat kokonaiskustannukset
: Kun Q kasvaa, kokonaiskustannukset nousevat ja yritys tarvitsee lisää tuotantotyöntekijöitä. Pisteessä A tuotanto on 20 autoa (Q0) ja kustannukset 80 000 euroa (C0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-d.jpg</image:loc>
        <image:title>Keskikustannus
: Jos yritys tuottaa 20 autoa päivässä, auton keskikustannus on C0 jaettuna tuotantomäärällä Q0. Tätä osoittaa origosta pisteeseen A kulkevan suoran kulmakerroin. Keskikustannus on nyt 80 000/20 = 4 000 euroa. Keskikustannus pisteessä A on merkitty alempaan kaavioon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-e.jpg</image:loc>
        <image:title>Laskeva keskikustannus
: Kun tuotantomäärä on suurempi kuin pisteessä A, kiinteät kustannukset jakautuvat suuremmalle automäärälle. Keskikustannus laskee. Pisteessä B kokonaiskustannukset ovat 136 000 euroa ja keskikustannus on 3 400 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-f.jpg</image:loc>
        <image:title>Kasvava keskikustannus
: Keskikustannus on alimmillaan pisteessä B. Kun tuotantomäärä kasvaa suuremmaksi kuin pisteessä B, origon kautta kulkeva suora jyrkkenee vähitellen. Pisteessä D keskikustannus on noussut 3 600 euroon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>Auton rajakustannus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-a.jpg</image:loc>
        <image:title>Kokonaiskustannus, keskikustannus ja rajakustannus
: Ylemmässä kaaviossa on kustannusfunktio (jota sanotaan myös kokonaiskustannuskäyräksi). Alemmassa kaaviossa on keskikustannuskäyrä. Merkitsemme alempaan kaavioon myös rajakustannukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-b.jpg</image:loc>
        <image:title>Kokonaiskustannus
: Kuvitellaan, että yritys tuottaa pisteessä A 20 autoa. Kokonaiskustannukset ovat 80 000 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-c.jpg</image:loc>
        <image:title>Rajakustannus
: Rajakustannus on kustannus, joka syntyy, kun tuotantoa lisätään 20 yksiköstä 21 yksikköön. Tällöin kokonaiskustannukset nousevat ∆C eli 2 200 euroa. Pisteestä A piirretty kolmio osoittaa, että rajakustannus on kustannusfunktion kulmakerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-d.jpg</image:loc>
        <image:title>Rajakustannus pisteessä A
: Merkitään rajakustannus pisteessä A alempaan kaavioon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-e.jpg</image:loc>
        <image:title>Rajakustannus pisteessä D
: Pisteessä D, jossa Q = 60, kustannusfunktio on paljon jyrkempi. Lisäauton tuottamisen rajakustannus on korkeampi: ∆C = 4 600 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-f.jpg</image:loc>
        <image:title>Rajakustannus pisteessä B
: Pisteessä B käyrä on jyrkempi kuin pisteessä A mutta loivempi kuin pisteessä D: MC = 3 400 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-g.jpg</image:loc>
        <image:title>Kustannusfunktio
: Katso koko kustannusfunktion muotoa. Kun Q = 0, funktio on varsin loiva, joten rajakustannus on alhainen. Kun Q kasvaa, kustannusfunktio jyrkkenee ja rajakustannus nousee vähitellen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-08-e.jpg</image:loc>
        <image:title>Keskikustannusten ja rajakustannusten kuvaajat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-08-a.jpg</image:loc>
        <image:title>Keskikustannukset ja rajakustannukset
: Kaavioon on piirretty keskikustannusten ja rajakustannusten kuvaajat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-08-b.jpg</image:loc>
        <image:title>MC &lt; AC, kun Q = 20
: Katso käyrän AC pistettä A. Kun Q = 20, keskikustannus on 4 000 euroa mutta rajakustannus vain 2 000 euroa. Jos tuotantomäärä kasvaa 20 autosta 21 autoon, keskikustannus laskee. Keskikustannus on pienempi, kun Q = 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-08-c.jpg</image:loc>
        <image:title>Keskikustannuskäyrä on laskeva, kun AC &gt; MC
: Pisteessä A ja muissakin pisteissä, joissa AC &gt; MC, lisäyksikön tuottaminen laskee keskikustannusta, joten käyrä AC on laskeva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-08-d.jpg</image:loc>
        <image:title>Keskikustannuskäyrä nousee, kun AC &lt; MC
: Pisteessä D, jossa Q = 60, keskikustannus on 3 600 euroa, mutta 61. auton valmistaminen maksaa 4 600 euroa. Jos tuotetaan 61 autoa, keskikustannus kasvaa. Kun AC &lt; MC, keskikustannuskäyrä on nouseva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-09.jpg</image:loc>
        <image:title>Autojen kysyntä (päivässä).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Ajattomien Autojen samavoittokäyrät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-a.jpg</image:loc>
        <image:title>Taloudellisen nollavoiton käyrä
: Vaaleimman sininen käyrä on yrityksen keskikustannuskäyrä AC. Jos hinta P = AC, yrityksen taloudellinen voitto on nolla. Käyrä AC on siis myös nollavoittokäyrä: se näyttää kaikki hinnan ja määrän yhdistelmät, joilla taloudellinen voitto on nolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-b.jpg</image:loc>
        <image:title>Taloudellisen nollavoiton käyrän muoto
: Ajattomien Autojen keskikustannus on laskeva, kun tuotantomäärä Q &lt; 40, ja nouseva, kun Q &gt; 40. Kun Q on pieni, hinnan pitää olla korkea, jotta päästään nollavoittoon. Jos Q = 40, nollavoittoon päästään hinnalla 3 400 euroa. Jos Q &gt; 40, hintaa pitää taas nostaa, jottei tule tappiota.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-c.jpg</image:loc>
        <image:title>Keskikustannus AC ja rajakustannus MC
: Ajattomilla Autoilla on kasvavat rajakustannukset: suora on nouseva. Käyrä AC on laskeva, jos AC &gt; MC, ja nouseva, jos AC &lt; MC. Käyrät leikkaavat pisteessä B, jossa AC on alimmillaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-d.jpg</image:loc>
        <image:title>Samavoittokäyrät
: Tummemman siniset käyrät kuvaavat hinnan P ja tuotantomäärän Q yhdistelmiä, jotka tuottavat enemmän voittoa. Esimerkiksi pisteissä G ja K voitto on yhtä suuri.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-e.jpg</image:loc>
        <image:title>Voitto = Q(P − AC)
: Pisteessä G, jossa yritys valmistaa 23 autoa, hinta on 6 820 euroa ja keskikustannus 3 777 euroa. Yritys saa jokaisesta autosta 3 043 euroa voittoa, ja sen kokonaisvoitto on 70 000 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-11.jpg</image:loc>
        <image:title>Ajattomien Autojen voiton maksimoiva hinnan ja määrän yhdistelmä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-e.jpg</image:loc>
        <image:title>Rajatulon laskeminen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Tulot, kun Q = 20
: Kun Q = 20, hinta on 6 400 euroa ja tulo = 6 400 euroa × 20 eli kaavioon merkityn suorakulmion ala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-b.jpg</image:loc>
        <image:title>Tulot, kun Q = 21
: Jos määrä nousee 21 autoon, hinta laskee 6 320 euroon. Hinnanmuutos on ΔP = −80 euroa. Tulot arvolla Q = 21 vastaavat toisen suorakulmion alaa: 6 320 euroa × 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-c.jpg</image:loc>
        <image:title>Rajatulo, kun Q = 20
: Rajatulo arvolla Q = 20 on kahden suorakulmion alojen erotus. Taulukosta näkee, että nelikulmion ala on suurempi, kun Q = 21. Rajatulo on 4 720 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-d.jpg</image:loc>
        <image:title>Miksi rajatulo &gt; 0?
: Tulojen lisäys johtuu siitä, että yritys saa 21. autosta 6 320 euroa, joka on enemmän kuin 20 × 80 euron menetys 20 muun auton myymisestä halvemmalla hinnalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-i.jpg</image:loc>
        <image:title>Rajatulo, rajakustannus ja voitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-a.jpg</image:loc>
        <image:title>Keskikustannus- ja rajakustannuskäyrät
: Kuvion yläosassa on kysyntäkäyrä ja keskellä rajakustannuskäyrä. Pisteessä A määrä Q = 10, hinta P = 7 200 euroa ja tulot ovat 72 000 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-b.jpg</image:loc>
        <image:title>Rajatulo
: Pisteessä A rajatulo (keskimmäinen kaavio) on kahden nelikulmion alojen erotus: MR = 6 320 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-c.jpg</image:loc>
        <image:title>Rajatulo, kun Q = 20
: Kun Q = 20 ja P = 6 400 euroa, rajatulo MC on 4 880 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-d.jpg</image:loc>
        <image:title>Kysyntäkäyrää alaspäin
: Kun kysyntäkäyrällä siirrytään alaspäin, P laskee ja MR laskee vielä enemmän. Lisäauton tuottama hyöty pienenee ja muista autoista saatavien tulojen menetys suurenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-e.jpg</image:loc>
        <image:title>MR &lt; 0
: Pisteessä D seuraavan auton tuottama hyöty jää muista autoista saatavien tulojen menetystä pienemmäksi, joten rajatulo on negatiivinen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-f.jpg</image:loc>
        <image:title>Rajatulokäyrä
: Keskimmäisen kaavion pisteet yhdistämällä saadaan rajatulokäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-g.jpg</image:loc>
        <image:title>MR &gt; MC
: MR ja MC leikkaavat pisteessä E, jossa Q = 32. MR &gt; MC aina kun Q on pienempi kuin 32: viimeisen auton myymisestä saa enemmän tuloa kuin sen valmistaminen maksoi, joten olisi parempi lisätä tuotantoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-b-h.jpg</image:loc>
        <image:title>MR &lt; MC
: Kun Q &gt; 32: jos yritys tuottaisi enemmän kuin 32 autoa, lisäauton valmistaminen vähentäisi voittoa ja tuotantomäärän pienentäminen lisäisi sitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-g.jpg</image:loc>
        <image:title>Kaupankäynnin hyödyt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-a.jpg</image:loc>
        <image:title>Kaupankäynnin hyödyt
: Kun yritys valitsee voiton maksimoivan hinnan P* = 5 440 euroa ja myy Q* = 32 autoa päivässä, 32. ostajan maksuhalukkuus on 5 440 euroa. Auton ostaminen ja ostamatta jättäminen ovat hänelle samanveroisia vaihtoehtoja, joten hänen ylijäämänsä on nolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-b.jpg</image:loc>
        <image:title>Suurempi maksuhalukkuus
: Muut ostajat olivat halukkaita maksamaan enemmän. Kymmenes kuluttaja, jonka maksuhalukkuus WTP on 7 200 euroa, saa ylijäämää 1 760 euroa, kuten määrän 10 kohdalla oleva pystysuora viiva osoittaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-c.jpg</image:loc>
        <image:title>Mitä 15. asiakas olisi ollut halukas maksamaan?
: Viidennentoista asiakkaan maksuhalukkuus on 6 800 euroa, joten hän saa 1 360 euron ylijäämän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-d.jpg</image:loc>
        <image:title>Kuluttajan ylijäämä
: Kuluttajien kokonaisylijäämä on kaikkien ostajien ylijäämien summa. Tätä edustaa kysyntäkäyrän ja hintaa P* vastaavan viivan välinen oranssi kolmio. Tämä kuluttajien kaupankäynnistä saamien hyötyjen mittari on kuluttajan ylijäämä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-e.jpg</image:loc>
        <image:title>Tuottajan ylijäämä 20. auton valmistuksesta
: Yritys saa myös tuottajan ylijäämän jokaisesta myymästään autosta. 20. auton rajakustannus on 2 000 euroa. Kun yritys myy sen 5 440 eurolla, se saa ylijäämää 3 440 euroa. Sitä osoittaa kaaviossa hinnan P* ja rajakustannuskäyrän välinen pystysuora viiva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-13-b-f.jpg</image:loc>
        <image:title>Tuottajan ylijäämä
: Tuottajan ylijäämä saadaan laskemalla yhteen jokaisen auton ylijäämä. Sitä vastaa kaaviossa violetti ala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-14-e.jpg</image:loc>
        <image:title>Tehokkuustappio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-14-a.jpg</image:loc>
        <image:title>Hyödyntämättömät kaupankäynnin hyödyt
: Yrityksen voitto maksimoituu pisteessä E, mutta kaupankäynnistä voisi saada enemmänkin hyötyjä. Yritys voisi tuottaa vielä yhden auton ja myydä sen 33. asiakkaalle tuotantokustannuksia korkeammalla hinnalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-14-b.jpg</image:loc>
        <image:title>Pareto-tehokkaat allokaatiot
: Kuvitellaan, että yritys valitseekin pisteen F ja myy Q0 autoa hintaan P0, joka vastaa rajakustannusta. Allokaatio on Pareto-tehokas: vielä yhden auton valmistus maksaisi enemmän kuin P0, eikä niin paljon maksavia kuluttajia enää ole.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-14-c.jpg</image:loc>
        <image:title>Kuluttajan ylijäämä kasvaa
: Kuluttajan ylijäämä on pisteessä F suurempi kuin pisteessä E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-14-d.jpg</image:loc>
        <image:title>Kokonaisylijäämä kasvaa
: Tuottajan ylijäämä on pisteessä F pienempi kuin pisteessä E, mutta kokonaisylijäämä on suurempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-15-e.jpg</image:loc>
        <image:title>Autojen kysynnän hintajousto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-15-a.jpg</image:loc>
        <image:title>Suora kysyntäkäyrä
: Kysyntäkäyrän jokaisessa pisteessä pätee, että hinta P muuttuu ΔP = −80 euroa, kun tuotantomäärä Q kasvaa yhdellä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-15-b.jpg</image:loc>
        <image:title>Jousto pisteessä A
: Jos ΔQ = 1, tuotantomäärän Q prosenttimääräinen muutos on 100 × 1/20 = 5 %. Koska ΔP = –80 euroa, hinnan muutos on 100 × (–80)/6 400 = –1,25 %. Jousto on 4,00.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-15-c.jpg</image:loc>
        <image:title>Jousto on pienempi pisteessä B kuin pisteessä A
: Pisteessä B määrä Q on suurempi, joten kun ΔQ = 1, prosenttimääräinen muutos on pienempi. Samaan tapaan hinta P on pienempi ja hinnan prosenttimääräinen muutos on suurempi. Jousto on siis pisteessä B pienempi kuin pisteessä A. Taulukon mukaan jousto on 1,50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-15-d.jpg</image:loc>
        <image:title>Kun tuotantomäärä Q kasvaa, jousto pienenee
: Jousto on pisteessä C alle yksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-16.jpg</image:loc>
        <image:title>Hyvin joustava kysyntä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-17.jpg</image:loc>
        <image:title>Pienempi kysynnän jousto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-mcq-15.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-18.jpg</image:loc>
        <image:title>Kysynnän hintajousto ja rajatulo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/07-augustin-cournot.jpg</image:loc>
        <image:title>Augustin Cournot</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-21.jpg</image:loc>
        <image:title>Murobrändien mainosmenot ja markkinaosuudet Chicagossa (1991–1992).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-08-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Leipämarkkinoiden tasapaino: kaupankäynnin hyödyt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-05-01-02.jpg</image:loc>
        <image:title>Kuluttajan ja tuottajan ylijäämä, kun hinta ja määrä eivät ole tasapainoarvossaan.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/15.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-15-header.jpg</image:loc>
        <image:title>25th Annual Sonoma County Hot Air Balloon Classic: Sean Freese, https://goo.gl/ET1nEi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-01.svg</image:loc>
        <image:title>Inflation and presidential election victory in the US (1912–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-02-c.svg</image:loc>
        <image:title>Three causes of inflation: changes in bargaining power.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-02-a.svg</image:loc>
        <image:title>Owners’ power rises relative to consumers’
: For example, due to lower competition (medium- to long-run effect).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-02-b.svg</image:loc>
        <image:title>Employees’ power rises relative to owners’
: For example, due to stronger unions (medium- to long-run effect).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-03.svg</image:loc>
        <image:title>Phillips’s original curve: Wage inflation and unemployment (1861–1913).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/15-bill-phillips.jpg</image:loc>
        <image:title>Bill Phillips</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-mcq-03.svg</image:loc>
        <image:title>The labour market
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-mcq-04.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-a.svg</image:loc>
        <image:title>Inflation and conflict over the pie: Stable price level at labour market equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-b-c.svg</image:loc>
        <image:title>Inflation and conflict over the pie at low and high unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-b-a.svg</image:loc>
        <image:title>Labour market equilibrium at A
: At A, the economy is at labour market equilibrium. The real wage on the wage-setting curve is equal to that on the price-setting curve, so firms’ claims to real profit per worker plus the workers’ claims to real wages sum to labour productivity.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-b-b.svg</image:loc>
        <image:title>Low unemployment at B
: At low unemployment, the real wage required so that workers will work hard increases so the claims of workers for wages and owners for profits are inconsistent: they sum to more than labour productivity.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-box-a.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-c-c.svg</image:loc>
        <image:title>Bargaining gaps, inflation, and the Phillips curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-c-a.svg</image:loc>
        <image:title>Labour market equilibrium
: The bargaining gap is zero and inflation is zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-c-b.svg</image:loc>
        <image:title>Low unemployment
: The bargaining gap is positive and inflation is positive.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-d-c.svg</image:loc>
        <image:title>The short- and medium-run models: Aggregate demand, employment, and inflation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-d-a.svg</image:loc>
        <image:title>Labour market equilibrium
: When the level of aggregate demand produces employment at labour market equilibrium (a normal level of activity), the price level is stable (inflation is zero).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-04-d-b.svg</image:loc>
        <image:title>A boom
: At a higher level of aggregate demand (a boom), there is a positive bargaining gap and inflation is positive.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-h.svg</image:loc>
        <image:title>The Phillips curve and the policymaker’s preferences.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-a.svg</image:loc>
        <image:title>The policymaker’s preferences
: The figure shows the policymaker’s indifference curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-b.svg</image:loc>
        <image:title>High employment and inflation
: When employment and inflation are very high, the indifference curve is flat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-c.svg</image:loc>
        <image:title>Lower employment and inflation
: When inflation and employment are lower, the indifference curve is steeper.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-d.svg</image:loc>
        <image:title>Inflation at 2%
: The indifference curve is vertical when inflation is at 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-e.svg</image:loc>
        <image:title>Full employment
: The indifference curve is horizontal when employment = labour supply.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-f.svg</image:loc>
        <image:title>The policymaker’s preferred outcome
: F marks the policymaker’s preferred combination of inflation and unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-05-g.svg</image:loc>
        <image:title>The feasible set
: The policymaker chooses from the feasible set on the Phillips curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-g.svg</image:loc>
        <image:title>Phillips curves in the US (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-a.svg</image:loc>
        <image:title>Where is the Phillips curve?
: The figure shows the inflation and unemployment combinations for the US for each year between 1960 and 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-b.svg</image:loc>
        <image:title>A shifting curve
: We can use the figure to show how the Phillips curve shifted over time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-c.svg</image:loc>
        <image:title>The 1960s
: The Phillips curve (PC) for the 1960s shows the economy was in a good state. The US could achieve combinations of relatively low inflation and unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-d.svg</image:loc>
        <image:title>The 1970s
: In the early 1970s, the Phillips curve appears to have shifted up.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-e.svg</image:loc>
        <image:title>The 1970s
: The curve shifts up again in the late 1970s.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-f.svg</image:loc>
        <image:title>The 1980s
: And up again in the early 1980s, further worsening the trade-off between unemployment and inflation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-07-c.svg</image:loc>
        <image:title>Bargaining gaps, expected inflation, and the Phillips curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-07-a.svg</image:loc>
        <image:title>Labour market equilibrium
: At labour market equilibrium, inflation is 3% as expected.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-07-b.svg</image:loc>
        <image:title>A boom
: At lower unemployment, the bargaining gap is 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-box-b.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-box-c.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-09-c.svg</image:loc>
        <image:title>Inflation expectations and Phillips curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-09-a.svg</image:loc>
        <image:title>Labour market equilibrium at A
: Inflation is 3% as expected.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-09-b.svg</image:loc>
        <image:title>A boom: First period at B
: At lower unemployment, the bargaining gap is 2%. Inflation is equal to expected inflation plus the bargaining gap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-10-d.svg</image:loc>
        <image:title>Inflation, expected inflation, and the bargaining gap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-10-a.svg</image:loc>
        <image:title>A zero bargaining gap
: Inflation is as expected: 3%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-10-b.svg</image:loc>
        <image:title>Year 1
: At the start of year 1 following the opening up of the bargaining gap and after wages and prices have been adjusted, inflation is equal to the bargaining gap (2%) plus expected inflation (3%).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-10-c.svg</image:loc>
        <image:title>Year 2
: At the start of year 2, with no change in the bargaining gap, inflation goes up to 7%, equal to the bargaining gap plus expected inflation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-11-d.svg</image:loc>
        <image:title>An oil shock and the price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-11-a.svg</image:loc>
        <image:title>Labour market equilibrium
: The economy is initially at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-11-b.svg</image:loc>
        <image:title>An oil shock
: The oil price increases and shifts the price-setting curve down.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-11-c.svg</image:loc>
        <image:title>The bargaining gap
: If aggregate demand is maintained to keep the economy at A, there is a positive bargaining gap. Inflation will increase year by year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-12.svg</image:loc>
        <image:title>UK GDP growth and real oil prices (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-13.svg</image:loc>
        <image:title>UK inflation and unemployment rate (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-14.svg</image:loc>
        <image:title>Monetary policy transmission mechanisms.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-15-c.svg</image:loc>
        <image:title>The use of monetary policy to stabilize the economy in a recession.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-15-a.svg</image:loc>
        <image:title>Goods market equilibrium
: The economy starts in goods market equilibrium at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-15-b.svg</image:loc>
        <image:title>A recession
: Consumption then falls, which shifts the aggregate demand line down and the economy enters a recession, moving from point A to point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-16.svg</image:loc>
        <image:title>A cut in Australia’s interest rate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-18-d.svg</image:loc>
        <image:title>A policy intervention to restore employment and output after a fall in investment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-18-a.svg</image:loc>
        <image:title>Before the downturn
: The economy is at point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-18-b.svg</image:loc>
        <image:title>The investment slump
: This shifts aggregate demand down. The economy moves to a situation with higher unemployment and lower inflation (from point C to point D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-18-c.svg</image:loc>
        <image:title>Both the central bank and the government respond
: A cut in the interest rate and fiscal stimulus via tax cuts and increased government spending shifts the aggregate demand line back to its starting position.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-20.svg</image:loc>
        <image:title>Inflation and central bank independence: OECD countries.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-21.svg</image:loc>
        <image:title>The economy’s inflation-stabilizing unemployment rate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-22.svg</image:loc>
        <image:title>Price responses to rising employment and capacity utilization.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-01-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-01-02-02.jpg</image:loc>
        <image:title>La función de producción y = 30h0,4 y el producto marginal correspondiente.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/07.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-07-header.jpg</image:loc>
        <image:title>Ford 1955 advertisement: courtesy Ford Motor Company; photograph by Don O’Brien, https://goo.gl/0qfEU7</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-01.jpg</image:loc>
        <image:title>Tamaño de las empresas en Estados Unidos: número de empleados (1900–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-02.jpg</image:loc>
        <image:title>Las decisiones de la empresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-03.jpg</image:loc>
        <image:title>Demanda estimada para los Cheerios de manzana y canela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-f.jpg</image:loc>
        <image:title>Curvas de isobeneficio para la producción de Cheerios de manzana y canela. Nota: Los datos de isobeneficio son únicamente ilustrativos y no reflejan el beneficio del producto en el mundo real.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-a.jpg</image:loc>
        <image:title>Curvas de isobeneficio
: La gráfica muestra toda una serie de curvas de isobeneficio para los Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-b.jpg</image:loc>
        <image:title>Curva de isobeneficio: 60 000 dólares
: Usted puede generar un beneficio de 60 000 dólares vendiendo 60 000 libras a un precio de 3 dólares, o 20 000 libras a 5 dólares, o 10 000 libras a 8 dólares, o de muchas otras formas. La curva muestra todas las posibles formas de obtener 60 000 dólares de ganancias o beneficio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-c.jpg</image:loc>
        <image:title>Curva de isobeneficio: 34 000 dólares
: La curva de isobeneficio de 34 000 dólares muestra todas las combinaciones de P y Q para las cuales el beneficio es igual a 34 000 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-d.jpg</image:loc>
        <image:title>Curva de isobeneficio: 23 000 dólares
: Las curvas de isobeneficio más cercanas al origen corresponden a niveles más bajos de beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-e.jpg</image:loc>
        <image:title>Curva de isobeneficio: 10 000 dólares
: El costo de cada libra de Cheerios es de 2 dólares, así que el beneficio = (P − 2) × Q. Esto significa que las curvas de isobeneficio tienen pendiente negativa. Para generar un beneficio de 10 000 dólares, P tendría que ser muy alto si Q fuese menos de 8000. Pero si Q = 80 000, entonces usted puede generar ese beneficio con un P más bajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-a-d.jpg</image:loc>
        <image:title>La elección de precio y cantidad que maximiza las ganancias de Cheerios de manzana y canela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-a-a.jpg</image:loc>
        <image:title>La opción que maximiza el beneficio
: El gerente desea elegir una combinación de P y Q en la curva de isobeneficio más alta posible en el conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-a-b.jpg</image:loc>
        <image:title>Cero beneficios
: La línea horizontal muestra las combinaciones de precio y cantidad donde el beneficio es cero: si usted fijara un precio de 2 dólares, estaría vendiendo cada libra de cereales exactamente a su costo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-a-c.jpg</image:loc>
        <image:title>Opciones de maximización de beneficio
: El gerente elegiría un precio y una cantidad correspondientes a un punto en la curva de demanda. Cualquier punto por debajo de la curva de demanda sería factible, como vender 8000 libras de cereal a un precio de 3 dólares, pero obtendría más ganancias si elevara el precio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-g.jpg</image:loc>
        <image:title>La elección de precio y cantidad para maximizar los beneficios de los Cheerios de manzana y canela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-a.jpg</image:loc>
        <image:title>La función de beneficio
: La empresa puede calcular su beneficio en cada punto de la curva de demanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-b.jpg</image:loc>
        <image:title>Beneficio con cantidades bajas
: Cuando la cantidad es baja, también lo es el beneficio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-c.jpg</image:loc>
        <image:title>Incremento de beneficios
: A medida que la cantidad aumenta, el beneficio aumenta hasta…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-d.jpg</image:loc>
        <image:title>Máximo beneficio
: … que el beneficio alcanza su máximo en E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-e.jpg</image:loc>
        <image:title>Beneficio decreciente
: Más allá de E, el beneficio cae.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-05-b-f.jpg</image:loc>
        <image:title>Cero beneficios
: Los beneficios caen a cero cuando el precio es igual al costo unitario, 2 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-g.jpg</image:loc>
        <image:title>Autos Hermosos: Función de costos y costo medio
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-a.jpg</image:loc>
        <image:title>La función de costos
: El panel superior muestra la función de costos, C(Q), que refleja el costo total para cada nivel de producción Q.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-b.jpg</image:loc>
        <image:title>Costos fijos
: Algunos costos no varían con el número de autos. Por ejemplo, una vez la empresa ha decidido el tamaño de su fábrica y ha invertido en equipos, esos costos serán los mismos, independientemente de la producción. Estos se denominan costos fijos. Entonces, cuando Q = 0, los únicos costos son los costos fijos, F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-c.jpg</image:loc>
        <image:title>Los costos totales están aumentando
: A medida que aumenta Q, los costos totales aumentan y la empresa necesita emplear más trabajadores en la producción. En el punto A, se producen 20 autos (lo llamamos Q0) con un costo de 80 000 dólares (que llamamos C0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-d.jpg</image:loc>
        <image:title>Costo medio
: Si la empresa produce 20 automóviles por día, el costo promedio de un automóvil es C0 dividido por Q0, que se muestra como la pendiente de la línea que va desde el origen hasta A. El costo promedio ahora es de 80 000/20 = 4000 dólares. Hemos señalado el costo promedio en el punto A en el panel inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-e.jpg</image:loc>
        <image:title>Costo medio decreciente
: A medida que la producción aumenta por encima de A, los costos fijos se comparten entre más automóviles. El costo promedio cae. En el punto B, el costo total es de 136 000 dólares y el costo promedio es de 3400 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-f.jpg</image:loc>
        <image:title>Costo medio creciente
: El costo promedio es más bajo en el punto B. Cuando la producción aumenta más allá de B, la pendiente de la línea que va hasta el origen va aumentando gradualmente. En D, el costo promedio ha aumentado a 3600 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>El costo marginal de un automóvil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-a.jpg</image:loc>
        <image:title>Costo total, costo promedio y costo marginal
: El panel superior muestra la función de costo (también llamada curva de costo total). El panel inferior muestra la curva de costo medio. También mostraremos los costos marginales en el panel inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-b.jpg</image:loc>
        <image:title>Costo total
: Suponga que la empresa está produciendo 20 autos en el punto A. El costo total es de 80 000 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-c.jpg</image:loc>
        <image:title>Costo marginal
: El costo marginal es el costo de aumentar la producción de 20 a 21. Esto incrementaría los costos totales en una cantidad que llamamos ∆C, igual a 2200 dólares. El triángulo dibujado en A muestra que el costo marginal es igual a la pendiente de la función de costo en ese punto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-d.jpg</image:loc>
        <image:title>Costo marginal en A
: Hemos señalado el costo marginal en el punto A en el panel inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-e.jpg</image:loc>
        <image:title>Costo marginal en D
: En el punto D, donde Q = 60, la función de costos tiene mucha más pendiente. El costo marginal de producir un automóvil adicional es mayor: ∆C = 4600 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-f.jpg</image:loc>
        <image:title>Costo marginal en B
: En el punto B, la curva tiene más pendiente que en A, pero es más plana que en D: CMg = 3400 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-g.jpg</image:loc>
        <image:title>La función de costos
: Mire la forma de toda la función de costos. Cuando Q = 0 es bastante plana, luego el costo marginal es bajo. A medida que aumenta Q, la función de costos va teniendo más pendiente y el costo marginal aumenta gradualmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-08-e.jpg</image:loc>
        <image:title>Curvas de costo medio y marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-08-a.jpg</image:loc>
        <image:title>Costo medio y marginal
: El diagrama muestra tanto la curva de costo medio como la de costo marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-08-b.jpg</image:loc>
        <image:title>CMg &lt; CM cuando Q = 20
: Mire el punto A en la curva CM. Cuando Q = 20, el costo medio es de 4000 dólares, pero el costo marginal es de tan solo 2000. Así pues, si se producen 21 autos en lugar de 20, eso reducirá el costo medio. El costo medio es menor en Q = 21
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-08-c.jpg</image:loc>
        <image:title>La curva de costo medio se inclina hacia abajo cuando CM &gt; CMg
: En cualquier punto, como el punto A, donde CM &gt; CMg, el costo medio caerá si se produce un automóvil más, por lo que la curva de CM es decreciente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-08-d.jpg</image:loc>
        <image:title>La curva de costo medio es ascendente cuando CM &lt; CMg
: En el punto D donde Q = 60, el costo medio es de 3600 dólares, pero el costo de producir el auto 61 es de 4600. Por lo tanto, el costo promedio de un automóvil aumentará si se producen 61 automóviles. Cuando CM &lt; CMg, la curva de costo medio es ascendente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-09.jpg</image:loc>
        <image:title>Demanda de automóviles (por día).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Curvas de isobeneficio para Autos Hermosos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-a.jpg</image:loc>
        <image:title>La curva de beneficio económico cero
: La curva azul más clara es la curva de costo medio de la empresa. Si P = CM, el beneficio económico de la empresa es cero. Entonces, la curva CM es también la curva de beneficio cero: muestra todas las combinaciones de P y Q que dan un beneficio económico cero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-b.jpg</image:loc>
        <image:title>La forma de la curva de beneficio económico cero
: Autos Hermosos tiene un CM decreciente cuando Q &lt; 40, y un CM creciente cuando Q &gt; 40. Cuando Q es baja, hace falta un precio alto para alcanzar el punto de equilibrio. Si Q = 40, podría alcanzar el punto de equilibrio con un precio de 3400 dólares. Para Q &gt; 40, se necesitaría elevar el precio nuevamente para evitar una pérdida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-c.jpg</image:loc>
        <image:title>CM y CMg
: Autos Hermosos tiene costos marginales crecientes: la línea de pendiente ascendente. Recuerde que la curva CM desciende si CM &gt; CMg, y asciende si CM &lt; CMg. Las dos curvas se cruzan en B, donde se sitúa el CM mínimo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-d.jpg</image:loc>
        <image:title>Curvas de isobeneficio
: Las curvas azules más oscuras muestran las combinaciones de P y Q que dan mayores niveles de beneficio; los puntos G y K están en la misma curva, luego dan el mismo beneficio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-e.jpg</image:loc>
        <image:title>Beneficio = Q(P - CM)
: En G, donde la empresa fabrica 23 automóviles, el precio es de 6820 dólares y el costo medio es de 3777 dólares. La empresa obtiene un beneficio de 3043 dólares con cada automóvil y su beneficio total es de 70 000 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-11.jpg</image:loc>
        <image:title>La elección de precio y cantidad para maximizar los beneficios de Autos Hermosos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-e.jpg</image:loc>
        <image:title>Cálculo del ingreso marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Ingreso cuando Q = 20
: Cuando Q = 20, el precio es de 6400 dólares y los ingresos = 6400 × 20, el área del rectángulo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-b.jpg</image:loc>
        <image:title>Ingreso cuando Q =21
: Si la cantidad se incrementa a 21, el precio cae a 6320 dólares. El cambio en el precio es ΔP = -80 dólares. El ingreso en Q = 21 se muestra como el área del nuevo rectángulo, que es 6320 × 21 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-c.jpg</image:loc>
        <image:title>Ingreso marginal cuando Q = 20
: El ingreso marginal en Q = 20 es la diferencia entre las dos áreas. La tabla muestra que el área del rectángulo es mayor cuando Q = 21. El ingreso marginal es de 4720 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-d.jpg</image:loc>
        <image:title>¿Por qué es el IM &gt; 0?
: El aumento en los ingresos ocurre porque la empresa gana 6320 dólares en el auto 21, y esta ganancia es mayor que la pérdida de 20 × 80 dólares provocada por la venta de los otros 20 autos a un precio más bajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-i.jpg</image:loc>
        <image:title>Ingreso marginal, costo marginal y beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-a.jpg</image:loc>
        <image:title>Curvas de demanda y costos marginales
: El panel superior muestra la curva de demanda y el panel central muestra la curva de costo marginal. En el punto A, Q = 10, P = 7200 dólares y los ingresos son de 72 000 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-b.jpg</image:loc>
        <image:title>Ingreso marginal
: El ingreso marginal (panel central) en A es la diferencia entre las áreas de los dos rectángulos: IM = 6320 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-c.jpg</image:loc>
        <image:title>Ingreso marginal cuando Q = 20
: Los ingresos marginales cuando Q = 20 y P = 6400 dólares son 4880 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-d.jpg</image:loc>
        <image:title>Bajar por la curva de demanda
: A medida que avanzamos por la curva de demanda, P se reduce y MR se reduce todavía más. La ganancia por la venta del auto adicional se hace más pequeña y la pérdida en los otros autos se hace mayor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-e.jpg</image:loc>
        <image:title>IM &lt; 0
: En el punto D, la ganancia por la venta del auto adicional se ve superada por la pérdida en los otros, por lo que el ingreso marginal es negativo
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-f.jpg</image:loc>
        <image:title>La curva de ingreso marginal
: Uniendo los puntos en el panel de la mitad se puede trazar la curva de ingreso marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-g.jpg</image:loc>
        <image:title>IM &gt; CMg
: IM y CM se cruzan en el punto E, donde Q = 32. IM &gt; CM en cualquier valor de Q por debajo de 32: los ingresos por la venta de un automóvil adicional son mayores que el costo de fabricarlo, por lo que sería mejor aumentar la producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-b-h.jpg</image:loc>
        <image:title>IM &lt; CMg
: Cuando Q &gt; 32, IM &lt; CMg: si la empresa fabricara más de 32 automóviles, perdería beneficios si fabricara un automóvil adicional y aumentaría los beneficios si fabricara menos automóviles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-g.jpg</image:loc>
        <image:title>Ganancias del comercio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-a.jpg</image:loc>
        <image:title>Ganancias del comercio
: Cuando la empresa establece su precio de maximización de beneficios P* = 5440 dólares y vende Q* = 32 automóviles por día, el consumidor número 32, cuya DAP es de 5440 dólares, se muestra indiferente entre comprar y no comprar un automóvil, con lo cual el excedente de ese comprador en particular es igual a cero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-b.jpg</image:loc>
        <image:title>Una DAP más alta
: Otros compradores estaban dispuestos a pagar más. El décimo consumidor, cuya DAP es de 7200 dólares, genera un excedente de 1760 dólares, que se muestra en la línea vertical en la cantidad 10.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-c.jpg</image:loc>
        <image:title>¿Qué habría estado dispuesto a pagar el decimoquinto cliente?
: El decimoquinto consumidor tiene una DAP de 6800 dólares y, por lo tanto, un excedente de 1360 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-d.jpg</image:loc>
        <image:title>El excedente del consumidor
: Para encontrar el excedente total obtenido por los consumidores, sumamos el excedente de cada comprador. Esto se muestra mediante el triángulo sombreado entre la curva de demanda y la línea donde el precio es P*. Esta medida de las ganancias de los consumidores como resultado del comercio es el excedente del consumidor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-e.jpg</image:loc>
        <image:title>El excedente del productor para el vigésimo auto
: Del mismo modo, la empresa obtiene un excedente del productor en cada automóvil vendido. El costo marginal del auto número 20 es de 2000 dólares. Al venderlo por 5440 dólares, la empresa gana 3440 dólares, que se muestran en la línea vertical que une P* y la curva de costo marginal en el diagrama.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-13-b-f.jpg</image:loc>
        <image:title>Excedente total del productor
: Para encontrar el excedente total del productor, sumamos el excedente de cada automóvil producido: esta es el área sombreada de color púrpura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-14-e.jpg</image:loc>
        <image:title>Pérdida de eficiencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-14-a.jpg</image:loc>
        <image:title>Ganancias del comercio no aprovechadas
: El precio y la cantidad que maximizan las ganancias de la empresa se encuentran en el punto E, pero hay ganancias no aprovechadas del comercio. La empresa podría fabricar un automóvil más y venderlo al consumidor 33 por más de lo que costaría producirlo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-14-b.jpg</image:loc>
        <image:title>Una asignación eficiente en términos de Pareto
: Supongamos que la empresa elige F en lugar de E, con lo que vende Q0 autos a un precio P0 igual al costo marginal. Esta asignación es eficiente en términos de Pareto: fabricar otro automóvil costaría más de P0 y ya no hay más consumidores dispuestos a pagar tanto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-14-c.jpg</image:loc>
        <image:title>Un mayor excedente del consumidor
: El excedente del consumidor es mayor en F que en E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-14-d.jpg</image:loc>
        <image:title>Un mayor excedente total
: El excedente del productor es menor en F que en E, pero el excedente total es mayor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-15-e.jpg</image:loc>
        <image:title>Elasticidad de la demanda de automóviles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-15-a.jpg</image:loc>
        <image:title>Esta curva de demanda es una línea recta.
: En cada punto de la curva de demanda, si Q aumenta en 1, P varía en ΔP = −80 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-15-b.jpg</image:loc>
        <image:title>Elasticidad en A
: En el punto A, si ΔQ = 1, el cambio porcentual en Q es 100 × 1/20 = 5%. Dado que ΔP = −80 dólares, el cambio porcentual en el precio es 100 × (−80)/6400 = −1,25%. La elasticidad es 4,0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-15-c.jpg</image:loc>
        <image:title>La elasticidad es menor en B que en A
: En B, Q es mayor, con lo cual el cambio porcentual cuando ΔP = 1 es menor. De manera similar, P es menor y el cambio porcentual en P es mayor. Así, la elasticidad en B es menor que en A. La tabla muestra que se sitúa en 1,50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-15-d.jpg</image:loc>
        <image:title>A medida que Q se incrementa, la elasticidad decrece
: La elasticidad es igual a 1 en C, y menor que 1 en D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-16.jpg</image:loc>
        <image:title>Una empresa que se enfrenta a una demanda altamente elástica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-17.jpg</image:loc>
        <image:title>Una empresa que se enfrenta a una demanda menos elástica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-mcq-15.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-18.jpg</image:loc>
        <image:title>La elasticidad de la demanda y el ingreso marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/07-augustin-cournot.jpg</image:loc>
        <image:title>Augustin Cournot</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-21.jpg</image:loc>
        <image:title>Gasto publicitario y cuota de mercado de cereales de desayuno en Chicago (1991–92).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-07-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-16.jpg</image:loc>
        <image:title>Maximisation du profit avec demande élastique (graphique supérieur) et inélastique (graphique inférieur).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-17.jpg</image:loc>
        <image:title>Maximisation du profit avec demande élastique (graphique supérieur) et inélastique (graphique inférieur).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/08.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-08-header.jpg</image:loc>
        <image:title>Vegetable market, Da Lat, Vietnam: Hoxuanhuong/Dreamstime.com, https://goo.gl/mjvVuc</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-01.svg</image:loc>
        <image:title>The market demand curve for books.
: The market demand curve for books.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-02-d.svg</image:loc>
        <image:title>The supply curve for books.
: The supply curve for books.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-02-a.svg</image:loc>
        <image:title>Reservation price
: The first seller has a reservation price of $2, and will sell at any price above that.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-02-b.svg</image:loc>
        <image:title>The 20th seller
: The 20th seller will accept $7 …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-02-c.svg</image:loc>
        <image:title>The 40th seller
: … and the 40th seller’s reservation price is $12.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/08-alfred-marshall.jpg</image:loc>
        <image:title>Alfred Marshall</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-03-d.svg</image:loc>
        <image:title>Equilibrium in the market for second-hand books.
: Equilibrium in the market for second-hand books.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-03-a.svg</image:loc>
        <image:title>Supply and demand
: We find the equilibrium by drawing the supply and demand curves in the same diagram.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-03-b.svg</image:loc>
        <image:title>The market-clearing price
: At a price P* = $8, the quantity supplied is equal to the quantity demanded: Q* = 24. The market is in equilibrium. We say that the market clears at a price of $8.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-03-c.svg</image:loc>
        <image:title>A price above the equilibrium price
: At a price greater than $8 more students would wish to sell, but not all of them would find buyers. There would be excess supply, so these sellers would want to lower their price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-mcq-02.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-04.svg</image:loc>
        <image:title>The market demand curve for bread.
: The market demand curve for bread.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-05-d.svg</image:loc>
        <image:title>The profit-maximizing price and quantity for a bakery.
: The profit-maximizing price and quantity for a bakery.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-05-a.svg</image:loc>
        <image:title>Marginal cost and isoprofit curves
: The bakery has an increasing MC curve. On the AC curve, profit is zero. When MC &gt; AC, the AC curve slopes upward. The other isoprofit curves represent higher levels of profit, and MC passes through the lowest points of all the isoprofit curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-05-b.svg</image:loc>
        <image:title>Price-taking
: The bakery is a price-taker. The market price is P* = €2.35. If you choose a higher price, customers will go to other bakeries. Your feasible set of prices and quantities is the area below the horizontal line at P*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-05-c.svg</image:loc>
        <image:title>The profit-maximizing price
: The point of highest profit in the feasible set is point A, where the €80 isoprofit curve is tangent to the feasible set. You should make 120 loaves per day, and sell them at the market price, €2.35 each. You will make €80 of profit per day in addition to normal profits.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-06-d.svg</image:loc>
        <image:title>The firm’s supply curve.
: The firm’s supply curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-06-a.svg</image:loc>
        <image:title>A change in price
: When the market price is €2.35, you supply 120 loaves. What would you do if the price changed?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-06-b.svg</image:loc>
        <image:title>If the price rises
: If P* were to rise to €3.20, you could reach a higher isoprofit curve. To maximize profit you should produce 163 loaves per day.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-07-d.svg</image:loc>
        <image:title>The firm and market supply curves.
: The firm and market supply curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-07-a.svg</image:loc>
        <image:title>The firm’s supply curve
: There are 50 bakeries, all with the same cost functions. If the market price is €2.35, each bakery will produce 120 loaves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-07-b.svg</image:loc>
        <image:title>The market supply curve
: When P = €2.35, each bakery supplies 120 loaves, and the market supply is 50 × 120 = 6,000 loaves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-07-c.svg</image:loc>
        <image:title>Firm and market supply curves look similar
: At a price of €1.52 they each supply 66 loaves, and market supply is 3,300. The market supply curve looks like the firm’s supply curve, but the scale on the horizontal axis is different.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-08.svg</image:loc>
        <image:title>Equilibrium in the market for bread.
: Equilibrium in the market for bread.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-mcq-04.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-a-d.svg</image:loc>
        <image:title>Equilibrium in the bread market: Gains from trade.
: Equilibrium in the bread market: Gains from trade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-a-a.svg</image:loc>
        <image:title>The consumer surplus
: At the equilibrium price of €2 in the bread market, a consumer who is willing to pay €3.50 obtains a surplus of €1.50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-a-b.svg</image:loc>
        <image:title>Total consumer surplus
: The shaded area above €2 shows total consumer surplus—the sum of all the buyers’ gains from trade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-a-c.svg</image:loc>
        <image:title>The producer surplus
: Remember from Unit 7 that the producer’s surplus on a unit of output is the difference between the price at which it is sold, and the marginal cost of producing it. The marginal cost of the 2,000th loaf is €1.25; since it is sold for €2, the producer obtains a surplus of €0.75.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-b.svg</image:loc>
        <image:title>Deadweight loss.
: Deadweight loss.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-exercise-03.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-10-a.svg</image:loc>
        <image:title>The production of quinoa.
: The production of quinoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-10-b.svg</image:loc>
        <image:title>Quinoa producer prices.
: Quinoa producer prices.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-10-c.svg</image:loc>
        <image:title>Global import demand for quinoa.
: Global import demand for quinoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-11-d.svg</image:loc>
        <image:title>An increase in the demand for books.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-11-a.svg</image:loc>
        <image:title>The initial equilibrium point
: At the original levels of demand and supply, the equilibrium is at point A. The price is $8, and 24 books are sold.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-11-b.svg</image:loc>
        <image:title>An increase in demand
: If there were more students enrolling in one year, there would be more students wanting to buy the book at each possible price. The demand curve shifts to the right.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-11-c.svg</image:loc>
        <image:title>Excess demand when the price is $8
: If the price remained at $8, there would be excess demand for books, that is, more buyers than sellers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-e.svg</image:loc>
        <image:title>An increase in the supply of bread: A fall in MC.
: An increase in the supply of bread: A fall in MC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-a.svg</image:loc>
        <image:title>The initial equilibrium point
: The city’s bakeries start out at point A, producing 5,000 loaves and selling them for €2 each.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-b.svg</image:loc>
        <image:title>A fall in marginal costs
: The market supply curve then shifts because of the fall in the bakeries’ marginal costs. The supply curve shifts down, because at each level of output, the marginal cost and therefore the price at which they are willing to supply bread is lower.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-c.svg</image:loc>
        <image:title>An increase in supply
: The supply curve has shifted down. But another way to think of this change in supply is to say that the supply curve has shifted to the right. Since costs have fallen, the amount that bakeries will supply at each price is greater—an increase in supply.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-d.svg</image:loc>
        <image:title>Excess supply when the price is €2
: The effect of the fall in marginal cost is an increase in market supply. At the original price, there is more bread than buyers want (excess supply). The bakeries would want to lower their prices.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-13.svg</image:loc>
        <image:title>An increase in the supply of bread: More firms enter.
: An increase in the supply of bread: More firms enter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-14-d.svg</image:loc>
        <image:title>The effect of a 30% salt tax.
: The effect of a 30% salt tax.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-14-a.svg</image:loc>
        <image:title>The initial equilibrium
: Initially the market equilibrium is at point A. The price is P* and the quantity of salt sold is Q*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-14-b.svg</image:loc>
        <image:title>A 30% tax
: A 30% tax is imposed on suppliers. Their marginal costs are effectively 30% higher at each quantity. The supply curve shifts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-14-c.svg</image:loc>
        <image:title>The new equilibrium
: The new equilibrium is at B. The price paid by consumers has risen to P1 and the quantity has fallen to Q1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-15-a.svg</image:loc>
        <image:title>Taxation and deadweight loss.
: Taxation and deadweight loss.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-15-d.svg</image:loc>
        <image:title>Taxation and deadweight loss.
: Taxation and deadweight loss.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-15-b.svg</image:loc>
        <image:title>A tax reduces consumer surplus
: The tax reduces the quantity traded to Q1, and raises the consumer price from P* to P1. The consumer surplus falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-15-c.svg</image:loc>
        <image:title>A tax reduces producer surplus
: The suppliers sell a lower quantity, and the price they receive falls from P* to P0. The producer surplus falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-16-c.svg</image:loc>
        <image:title>The effect of a fat tax on the retail market for butter.
: The effect of a fat tax on the retail market for butter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-16-a.svg</image:loc>
        <image:title>Equilibrium in the market for butter
: Initially the market for butter is in equilibrium. The price of butter is 45 kr per kg, and consumption of butter in Denmark is 2 kg per person per year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-16-b.svg</image:loc>
        <image:title>The effect of a tax
: A tax of 10 kr per kg levied on suppliers raises their marginal costs by 10 kr at every quantity. The supply curve shifts upwards by 10 kr.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-17.svg</image:loc>
        <image:title>The effect of a fat tax on the consumer and producer surplus for butter.
: The effect of a fat tax on the consumer and producer surplus for butter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/08-leon-walras.jpg</image:loc>
        <image:title>Léon Walras</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-f.svg</image:loc>
        <image:title>The market for Choccos and chocolate bars.
: The market for Choccos and chocolate bars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-a.svg</image:loc>
        <image:title>The market for Choccos
: The left hand panel shows the market for Choccos, produced by one firm. There are many close substitutes in the wider market for chocolate bars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-b.svg</image:loc>
        <image:title>The demand curve for Choccos
: Due to competition from similar chocolate bars, the demand curve for Choccos is almost flat. The range of feasible prices is narrow.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-c.svg</image:loc>
        <image:title>The price of Choccos
: The firm chooses a price P* similar to its competitors, and a quantity where MC is close to P*. Whatever the price of its competitors, it would produce close to its marginal cost curve. So the firm’s MC curve is approximately its supply curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-d.svg</image:loc>
        <image:title>The market supply curve for chocolate bars
: We can construct the market supply curve for chocolate bars in the right hand panel by adding the quantities from the marginal cost curves of all the chocolate bar producers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-18-e.svg</image:loc>
        <image:title>The market demand curve for chocolate bars
: If most consumers do not have strong preferences for one firm’s product, we can draw a market demand curve for chocolate bars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-02-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/isaac-newton.jpg</image:loc>
        <image:title>Isaac Newton
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/gottfried-wilhelm-von-leibniz.jpg</image:loc>
        <image:title>Gottfried Wilhelm von Leibniz
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-12-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-02.jpg</image:loc>
        <image:title>Le choix des plantations pour le niveau de production de bananes.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/0-6-contributors.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-yann-algan.jpg</image:loc>
        <image:title>Yann Algan</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-tim-besley.jpg</image:loc>
        <image:title>Timothy Besley</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-sam-bowles.jpg</image:loc>
        <image:title>Samuel Bowles</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-antonio-cabrales.jpg</image:loc>
        <image:title>Antonio Cabrales</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-juan-camilo-cardenas.jpg</image:loc>
        <image:title>Juan Camilo Cárdenas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-wendy-carlin.jpg</image:loc>
        <image:title>Wendy Carlin</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-diane-coyle.jpg</image:loc>
        <image:title>Diane Coyle</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-marion-dumas.jpg</image:loc>
        <image:title>Marion Dumas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-cameron-hepburn.jpg</image:loc>
        <image:title>Cameron Hepburn</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-daniel-hojman.jpg</image:loc>
        <image:title>Daniel Hojman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-david-hope.jpg</image:loc>
        <image:title>David Hope</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-arjun-jayadev.jpg</image:loc>
        <image:title>Arjun Jayadev</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-suresh-naidu.jpg</image:loc>
        <image:title>Suresh Naidu</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-robin-naylor.jpg</image:loc>
        <image:title>Robin Naylor</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-kevin-orourke.jpg</image:loc>
        <image:title>Kevin O'Rourke</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-begum-ozkaynak.jpg</image:loc>
        <image:title>Begüm Özkaynak</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-malcolm-pemberton.jpg</image:loc>
        <image:title>Malcolm Pemberton</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-nicholas-rau.jpg</image:loc>
        <image:title>Nicholas Rau</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-paul-segal.jpg</image:loc>
        <image:title>Paul Segal</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-rajiv-sethi.jpg</image:loc>
        <image:title>Rajiv Sethi</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-margaret-stevens.jpg</image:loc>
        <image:title>Margaret Stevens</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-alex-teytelboym.jpg</image:loc>
        <image:title>Alexander Teytelboym</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-georg-von-gravenitz.jpg</image:loc>
        <image:title>Georg von Graevenitz</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-marja-ollila.jpg</image:loc>
        <image:title>Marja Ollila</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-maarit-tillman-leino.jpg</image:loc>
        <image:title>Maarit Tillman-Leino</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-jari-jarvenpaa.jpg</image:loc>
        <image:title>Jari Järvenpää</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-elisa-luukkonen.jpg</image:loc>
        <image:title>Elisa Luukkonen</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-niku-maattanen.jpg</image:loc>
        <image:title>Professori Niku Määttänen</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-oskari-nokso-koivisto.jpg</image:loc>
        <image:title>Oskari Nokso-Koivisto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-eero-nurmi.jpg</image:loc>
        <image:title>Eero Nurmi</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-jukka-pirttila.jpg</image:loc>
        <image:title>Professori Jukka Pirttilä</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-matti-pohjola.jpg</image:loc>
        <image:title>Professori Matti Pohjola</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-marko-tervio.jpg</image:loc>
        <image:title>Professori Marko Terviö</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/contributor-juuso-valimaki.jpg</image:loc>
        <image:title>Professori Juuso Välimäki</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>Angelan tuotantofunktio siirtyy ylöspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-01-02.jpg</image:loc>
        <image:title>Tuotantofunktion siirtyminen: kaksi mallia.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-07-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Rajatulon laskeminen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-06-01-02.jpg</image:loc>
        <image:title>Rajatulo ja rajakustannus.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-06-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>Minimiser le coût de l’effort.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-07-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-16.svg</image:loc>
        <image:title>Profit maximization with elastic (left-hand diagram) and inelastic (right-hand diagram) demand.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-17.svg</image:loc>
        <image:title>Profit maximization with elastic (left-hand diagram) and inelastic (right-hand diagram) demand.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-05-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-01-01.jpg</image:loc>
        <image:title>Distribución del tiempo con y sin pago de alquiler.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-22-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-09.jpg</image:loc>
        <image:title>Verojen valinta erilaisissa kilpailutilanteissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-03-01-02.jpg</image:loc>
        <image:title>Poliittisen kilpailun lisääntymisen tulo- ja substituutiovaikutus.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-06-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-f.svg</image:loc>
        <image:title>Minimizing the cost of effort.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-01-03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-01-03-03.jpg</image:loc>
        <image:title>La fonction de production y = 1,5h1,6 et la productivité marginale correspondante.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-04-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>L’allocation optimale d’Anil quand il est altruiste.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-i.svg</image:loc>
        <image:title>How does the amount of time spent studying affect Alexei’s grade?
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/12.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-12-header.jpg</image:loc>
        <image:title>Plateforme pétrolière offshore en feu : avec l'aimable autorisation de l'U.S. Coast Guard (Garde côtière des États-Unis)</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-01-d.jpg</image:loc>
        <image:title>Coûts marginaux de la production de bananes avec utilisation du Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-01-a.jpg</image:loc>
        <image:title>Le coût marginal privé
: La droite violette représente le coût marginal pour les producteurs : le coût marginal privé (CmP) de la production de bananes. La droite est croissante car le coût de produire une tonne supplémentaire augmente à mesure que la terre est utilisée de manière plus intensive, nécessitant plus de Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-01-b.jpg</image:loc>
        <image:title>Le coût marginal externe
: La courbe orange représente le coût marginal imposé par les producteurs de bananes aux pêcheurs – le coût marginal externe (CmE). Il s’agit du coût de la réduction de la quantité et qualité de poissons causée par chaque tonne supplémentaire de bananes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-01-c.jpg</image:loc>
        <image:title>Le coût marginal social
: En additionnant le CmP et le CmE, on obtient le coût marginal total de la production de bananes : le coût marginal social (CmS). Il est représenté par la courbe verte sur le graphique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-02.jpg</image:loc>
        <image:title>Choix du niveau de production de bananes par les bananeraies
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/12-ronald-coase.jpg</image:loc>
        <image:title>Ronald Coase</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-04-c.jpg</image:loc>
        <image:title>Les gains de la négociation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-04-a.jpg</image:loc>
        <image:title>Le statu quo
: La situation avant la négociation est matérialisée par le point A, et le volume de bananes Pareto-efficace est de 38 000 tonnes. La zone ombrée représente le gain pour les pêcheurs (la réduction de leurs coûts) si la production est réduite de 80 000 à 38 000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-04-b.jpg</image:loc>
        <image:title>Profit perdu
: Réduire la production de 80 000 à 38 000 tonnes réduit les profits des bananeraies. La perte de profit est égale à la perte de surplus du producteur, désignée par l’aire bleue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-mcq-02.jpg</image:loc>
        <image:title>CmP et CmS de la production de robots de l’usine.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Taxer pour atteindre une situation Pareto-efficace.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-05-a.jpg</image:loc>
        <image:title>Le coût marginal externe
: Pour la quantité Pareto-efficace (38 000 tonnes) le CmP est 295 $. Le CmS est 400 $. Aussi, le coût marginal externe est donné par CmS – CmP = 105 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-05-b.jpg</image:loc>
        <image:title>Taxe = CmS - CmP
: Si le décideur public met en place une taxe sur chaque tonne de bananes produite à hauteur de 105 $ (le coût marginal externe), alors le prix après taxe reçu par les bananeraies sera 295 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-06.jpg</image:loc>
        <image:title>Les plantations compensent les pêcheurs
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/12-arthur-pigou.jpg</image:loc>
        <image:title>Arthur Pigou</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-mcq-04.jpg</image:loc>
        <image:title>Le CmP et le CmS de la production de robots à proximité d’un dortoir pour infirmières travaillant de nuit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-3nsoN-LS8RQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/05.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-05-header.jpg</image:loc>
        <image:title>La stretta di mano tra i fondatori di Nashville: iStock.com/anthonysp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-01-e.jpg</image:loc>
        <image:title>Tutte le allocazioni tranne l’uso congiunto del pesticida (T, T), sono Pareto-efficienti.
: Tutte le allocazioni, tranne l’uso congiunto del pesticida (T, T), sono Pareto-efficienti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-01-a.jpg</image:loc>
        <image:title>Il dilemma del prigioniero di Anil e Bala
: Il grafico mostra le allocazioni risultanti dal dilemma del prigioniero giocato da Anil e Bala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-01-b.jpg</image:loc>
        <image:title>Dominanza paretiana
: (I, I) si trova nel rettangolo a nord-est di (T, T), quindi un risultato in cui sia Anil che Bala usano IPC domina paretianamente un risultato in cui entrambi usano Terminator.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-01-c.jpg</image:loc>
        <image:title>Confrontare (T, T) e (T, I)
: Quando Anil usa Terminator e Bala IPC, il primo sta meglio ed il secondo peggio rispetto al caso in cui entrambi usano Terminator. Il criterio di Pareto non indica quale di queste allocazioni sia migliore dell’altra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-01-d.jpg</image:loc>
        <image:title>Nessuna allocazione domina (I, I)
: Nessun’altra allocazione si trova a nord-est di (I, I), che quindi risulta non dominata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/05-vilfredo-pareto.jpg</image:loc>
        <image:title>Vilfredo Pareto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-02-c.jpg</image:loc>
        <image:title>La frontiera delle possibilità produttive e la scelta di Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-02-a.jpg</image:loc>
        <image:title>La frontiera delle possibilità produttive
: Il grafico mostra la frontiera delle possibilità produttive di Angela, determinata dalla sua funzione di produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-02-b.jpg</image:loc>
        <image:title>La soluzione ottimale per Angela
: Il meglio che Angela può fare, dati i limiti imposti dalla frontiera delle possibilità produttive, è lavorare 8 ore, prendersi 16 ore di tempo libero e produrre 9 staia di grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-03-e.jpg</image:loc>
        <image:title>I possibili risultati dell’interazione tra Angela e Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-03-a.jpg</image:loc>
        <image:title>La frontiera delle possibilità produttive aggregata
: La frontiera delle possibilità produttive mostra la quantità massima di grano disponibile per Angela e Bruno, dato il numero di ore di tempo libero di Angela. Se Angela riducesse il suo tempo libero a 12 ore e nelle restanti 12 ore lavorasse, produrrebbe 10,5 staia di grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-03-b.jpg</image:loc>
        <image:title>Un’allocazione possibile
: Il punto E è un possibile risultato dell’interazione tra Angela e Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-03-c.jpg</image:loc>
        <image:title>La distribuzione nel punto E
: Nel punto E Angela lavora 12 ore e produce 10,5 staia di grano. Il grano prodotto è così distribuito: 5,25 staia vanno a Bruno e le restanti 5,5 staia ad Angela per il suo consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-03-d.jpg</image:loc>
        <image:title>Altre allocazioni possibili
: Il punto F corrisponde a un’allocazione in cui Angela lavora più che nel punto E ma riceve meno grano, mentre G rappresenta il caso in cui lavora di più e riceve più grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-04-d.jpg</image:loc>
        <image:title>
: Allocazioni tecnicamente possibili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-04-a.jpg</image:loc>
        <image:title>Il vincolo biologico di sopravvivenza
: Se Angela non lavora, ha bisogno di 2,5 staia di grano per sopravvivere (punto Z). Se rinuncia a un po’ di tempo libero e dedica più energia al lavoro avrà anche bisogno di più cibo, perciò la curva è più alta quando ha meno tempo libero. Questo è il vincolo biologico di sopravvivenza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-04-b.jpg</image:loc>
        <image:title>Punti biologicamente impossibili e punti tecnicamente impossibili
: I punti al di sotto del vincolo biologico di sopravvivenza sono biologicamente impossibili, mentre i punti al di sopra della frontiera delle possibilità produttive sono tecnicamente impossibili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-04-c.jpg</image:loc>
        <image:title>Il numero massimo di ore che Angela può dedicare al lavoro
: Data la frontiera delle possibilità produttive, c’è una quantità massima di lavoro superata la quale Angela non potrebbe sopravvivere, anche se consumasse tutto il suo raccolto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-g.jpg</image:loc>
        <image:title>Sfruttamento: Il massimo trasferimento tecnicamente possibile da Angela a Bruno
: Sfruttamento: Il massimo trasferimento tecnicamente possibile da Angela a Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-a.jpg</image:loc>
        <image:title>Bruno può ordinare ad Angela di lavorare
: Bruno può scegliere un’allocazione tra quelle tecnicamente possibili. Prende in considerazione l’idea di lasciare che Angela lavori 8 ore al giorno, producendo 9 staia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-b.jpg</image:loc>
        <image:title>Quando Angela lavora 8 ore
: Bruno può prendere per sé 5,5 staia senza compromettere la possibilità che Angela continui a lavorare per lui in futuro. Questa quantità è rappresentata dalla distanza verticale tra la frontiera delle possibilità produttive e il vincolo di sopravvivenza biologica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-c.jpg</image:loc>
        <image:title>La distanza massima
: La distanza verticale tra la frontiera delle possibilità produttive e il vincolo di sopravvivenza biologica è massima quando Angela lavora 11 ore (le rimangono 13 ore di tempo libero).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-d.jpg</image:loc>
        <image:title>Allocazione e distribuzione nel punto di distanza massima
: Dunque, Bruno ordina ad Angela di lavorare per 11 ore: Angela produce 10 staia e gliene bastano 4 per sopravvivere. Bruno può tenere per sé 6 staia (la distanza AB).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-e.jpg</image:loc>
        <image:title>Un aumento delle ore lavorate
: Se Bruno costringe Angela a lavorare più di 11 ore, il prodotto di cui può appropriarsi diminuisce man mano che aumentano le ore lavorate (la curva di sopravvivenza diventa più ripida).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-05-f.jpg</image:loc>
        <image:title>La soluzione ottimale per Bruno
: Bruno ottiene la quantità massima di grano scegliendo l’allocazione B, in corrispondenza della quale le pendenze della frontiera delle possibilità produttive e del vincolo biologico di sopravvivenza sono uguali: SMT = SMS.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-06-c.jpg</image:loc>
        <image:title>Allocazioni economicamente fattibili quando lo scambio è volontario
: Allocazioni economicamente fattibili quando lo scambio è volontario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-06-a.jpg</image:loc>
        <image:title>L’opzione di riserva di Angela
: Il punto Z, l’allocazione in cui Angela non lavora e ottiene solo la sussistenza dal governo, si chiama opzione di riserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-06-b.jpg</image:loc>
        <image:title>La curva di indifferenza di riserva di Angela
: La curva che mostra tutte le allocazioni cui Angela dà le stesso valore dell’opzione di riserva si chiama curva di indifferenza di riserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-a-c.jpg</image:loc>
        <image:title>
: L’offerta prendere-o-lasciare di Bruno quando Angela può rifiutare.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-a-a.jpg</image:loc>
        <image:title>Il risultato migliore per Bruno quando può usare la forza
: Usando la forza, Bruno sceglie l’allocazione B. Costringe Angela a lavorare 11 ore e riceve una quantità di grano pari ad AB. Il SMT nel punto A è uguale al SMS nel punto B sul vincolo biologico di sopravvivenza di Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-a-b.jpg</image:loc>
        <image:title>Se Angela può dire di no
: Se lo scambio è volontario, l’allocazione B non è più disponibile. Il meglio che Bruno può ottenere è l’allocazione D, in cui Angela lavora 8 ore e gli paga una quantità di grano pari a CD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-b-e.jpg</image:loc>
        <image:title>L’offerta prendere-o-lasciare di Bruno quando Angela può rifiutare.
: L’offerta prendere-o-lasciare di Bruno quando Angela può rifiutare.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-b-a.jpg</image:loc>
        <image:title>Quando Bruno usava la forza
: Angela era costretta a lavorare 11 ore. Il SMT era uguale al SMS sulla vincolo di sopravvivenza biologica di Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-b-b.jpg</image:loc>
        <image:title>L’offerta prendere-o-lasciare di Bruno
: Bruno non può più costringere Angela a lavorare.  Le offre un contratto in cui Angela gli paga 4,5 staia di rendita sulla terra. Angela lavora 8 ore, il SMT è uguale al SMS sulla sua curva di indifferenza di riserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-b-c.jpg</image:loc>
        <image:title>Il surplus massimo
: Se Angela lavorasse un numero di ore maggiore o minore di 8, il surplus totale sarebbe minore di 4,5 staia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-07-b-d.jpg</image:loc>
        <image:title>Quanto spetta a Bruno
: Anche senza usare la forza, Bruno può ottenere tutto il surplus. La sua rendità è ancora a forma di U rovesciata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-08-e.jpg</image:loc>
        <image:title>Allocazioni Pareto-efficienti e distribuzione del surplus.
: Allocazioni Pareto-efficienti e distribuzione del surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-08-a.jpg</image:loc>
        <image:title>L’allocazione C
: Come agricoltrice indipendente, Angela ha scelto il punto C, dove SMS = SMT e dove consuma 9 staia di grano. In D, 4,5 staia sarebbero state sufficienti per collocarsi sulla sua curva di indifferenza di riserva, ma ella otteneva in più tutto il surplus CD, cioè altre 4,5 staia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-08-b.jpg</image:loc>
        <image:title>L’allocazione D
: Da proprietario della terra, Bruno ha fatto un’offerta prendere-o-lasciare, proponendo un contratto che gli garantiva la rendita CD (4,5 staia) facendo lavorare Angela per 8 ore. L’allocazione era D, e anche in quel caso SMT = SMS. Il surplus, pari a CD, andava interamente a Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-08-c.jpg</image:loc>
        <image:title>Le preferenze di Angela
: Abbiamo assunto (ipotesi di preferenze quasi-lineari) che il SMS di Angela non cambiasse all’aumentare del suo consumo di grano. Dunque, in ogni punto lungo CD, come G, c’è una curva di indifferenza con la stessa pendenza, e in tutti questi punti SMS = SMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-08-d.jpg</image:loc>
        <image:title>L’allocazione G
: Il punto G è un’allocazione in cui SMS = SMT. Angela lavora 8 ore e produce 9 staia di grano, a Bruno va la quantità CG e ad Angela il resto. L’allocazione G è Pareto-efficiente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-09-d.jpg</image:loc>
        <image:title>L’effetto di una legge che aumenta il potere negoziale di Angela
: L’effetto di una legge che aumenta il potere negoziale di Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-09-a.jpg</image:loc>
        <image:title>Prima dell’introduzione della legge
: Bruno poteva ottenere CD proponendo l’allocazione D con un’offerta prendere-o-lasciare. In corrispondenza di tale allocazione SMS = SMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-09-b.jpg</image:loc>
        <image:title>Quanto spettava ad Angela prima della nuova legge
: Nel punto D, Angela lavorava 8 ore e riceveva 4,5 staia di grano ed era indifferente tra questa situazione e la sua opzione di riserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-09-c.jpg</image:loc>
        <image:title>L’effetto della legge
: Con la legge che riduce la giornata lavorativa a 4 ore e fissa la retribuzione minima a 4,5, Angela si trova su una curva di indifferenza più alta, in corrispondenza di F. La quota di Bruno si riduce da CD a EF (2 staia).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-10-e.jpg</image:loc>
        <image:title>Contrattare per ripristinare l’efficienza paretiana.
: Contrattare per ripristinare l’efficienza paretiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-10-a.jpg</image:loc>
        <image:title>Il surplus massimo
: Il surplus da dividere tra Angela e Bruno è massimo quando SMT = SMS, cioè quando Angela lavora per 8 ore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-10-b.jpg</image:loc>
        <image:title>Angela preferisce F a D
: Rispetto a D, in F Angela ha la stessa quantità di grano ma più tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-10-c.jpg</image:loc>
        <image:title>Ci sono punti che Angela preferisce a F
: Per Angela tutte le allocazioni sulla curva dei punti Pareto-efficienti tra C e G sono preferibili a F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-10-d.jpg</image:loc>
        <image:title>Angela potrebbe proporre H
: Spostandosi da F ad H, Bruno otterrebbe la stessa quantità di grano (CH = EF), mentre Angela sarebbe in una situazione migliore: lavorerebbe di più, ma riceverebbe grano a sufficienza per compensare la perdita di tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-11.jpg</image:loc>
        <image:title>
: Le determinanti fondamentali dei risultati economici.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-12.jpg</image:loc>
        <image:title>Una curva di Lorenz per descrivere la distribuzione della ricchezza.
: Una curva di Lorenz per descrivere la distribuzione della ricchezza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-13.jpg</image:loc>
        <image:title>La distribuzione dei bottini: i pirati e la Marina Reale Britannica.
: La distribuzione dei bottini: i pirati e la Marina Reale Britannica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-14-a.jpg</image:loc>
        <image:title>La curva di Lorenz e il coefficiente di Gini descrivono la distribuzione della ricchezza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-15-d.jpg</image:loc>
        <image:title>Distribuzione del reddito nei Paesi Bassi (2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-15-a.jpg</image:loc>
        <image:title>La distribuzione del reddito di mercato
: La curva indica che il 10% più povero della popolazione (che corrisponde al valore 10 sull’asse orizzontale) riceve solo lo 0,1% del reddito totale (0,1 sull’asse verticale), mentre la metà più povera della popolazione riceve solo il 20% del reddito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-15-b.jpg</image:loc>
        <image:title>Il coefficiente di Gini per il reddito di mercato
: Il coefficiente di Gini è il rapporto tra l’area A e l’area A+B; in questo caso è pari a 0,47.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-15-c.jpg</image:loc>
        <image:title>La distribuzione del reddito disponibile
: La diseguaglianza nel reddito disponibile (l’area azzurra) è molto minore della diseguaglianza nel reddito di mercato. Le politiche redistributive hanno un effetto rilevante per la parte più povera della popolazione: il 10% più povero ha il 4% del reddito disponibile totale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-16.jpg</image:loc>
        <image:title>Disuguaglianza nel reddito di mercato e disponibile in vari paesi del mondo.
: Disuguaglianza nel reddito di mercato e disponibile in vari paesi del mondo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-17.jpg</image:loc>
        <image:title>Efficienza ed equità.
: Efficienza ed equità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-18.jpg</image:loc>
        <image:title>Il potere negoziale nella pratica: come le riforme nel Bengala Occidentale ridussero il coefficiente di Gini.
: Il potere negoziale nella pratica: come le riforme nel Bengala Occidentale ridussero il coefficiente di Gini.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-05-19.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-02-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/isaac-newton.jpg</image:loc>
        <image:title>Isaac Newton
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/gottfried-wilhelm-von-leibniz.jpg</image:loc>
        <image:title>Gottfried Wilhelm von Leibniz
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-07-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-11.jpg</image:loc>
        <image:title>La elección de precio y cantidad que maximiza el beneficio para Autos Hermosos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-08-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Las curvas de oferta de la empresa y del mercado.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/04.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-04-header.jpg</image:loc>
        <image:title>Les Joueurs de Carte (Card Players): Paul Cézanne, Courtauld Institute of Art</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-01.jpg</image:loc>
        <image:title>Näkymättömän käden pelin strateginen päätöstilanne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02.jpg</image:loc>
        <image:title>Näkymättömän käden pelin tulokset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-g.jpg</image:loc>
        <image:title>Näkymättömän käden pelin tulosmatriisi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-a.jpg</image:loc>
        <image:title>Parhaat vasteet
: Lähdetään liikkeelle rivipelaaja Anilista. Mikä olisi hänen paras vasteensa, jos sarakepelaaja Bala valitsee riisin?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-b.jpg</image:loc>
        <image:title>Anilin paras vaste riisistrategiaan
: Jos Bala valitsee riisin, Anilin paras vaste on kassava, jolloin hänen hyötynsä on 4 (&gt; 1). Merkitään vasemman alakulman ruutuun piste. Se tarkoittaa rivipelaajan parasta vastetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-c.jpg</image:loc>
        <image:title>Anilin paras vaste kassavastrategiaan
: Jos Bala valitsee kassavan, Anilin paras vaste on viljellä myös kassavaa, jolloin hänen hyötynsä on 3 (&gt; 2). Merkitään oikean alakulman ruutuun piste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-d.jpg</image:loc>
        <image:title>Anilille on pelissä dominoiva strategia
: Molemmat pisteet ovat taulukon alarivillä. Se tarkoittaa, että Anilin paras vaste on kassava, mitä tahansa Bala päättääkin. Kassava on Anilin dominoiva strategia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-e.jpg</image:loc>
        <image:title>Sarakepelaajan parhaat vasteet
: Jos Anil valitsee riisin, Balan paras vaste on riisi (3 &gt; 2). Merkitään sarakepelaajan parasta vastetta ympyrällä ja piirretään ympyrä vasemman yläkulman ruutuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-02-b-f.jpg</image:loc>
        <image:title>Myös Balalle on dominoiva strategia
: Jos Anil valitsee kassavan, Balan paras vaste on jälleen riisi (4 &gt; 3). Merkitään ympyrä vasemman alakulman ruutuun. Molemmat ympyrät ovat samassa sarakkeessa, joten riisi on Balan dominoiva strategia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-03-a.jpg</image:loc>
        <image:title>Tuholaistorjuntapelin strateginen päätöstilanne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-03-b.jpg</image:loc>
        <image:title>Tuholaistorjuntapelin tulosmatriisi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-04.jpg</image:loc>
        <image:title>Vangin dilemma (tulos vankilavuosina).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-S0qjK3TWZE8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>Anil jakaa lottovoittonsa sen mukaan, onko hän itsekäs vai altruistinen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-a.jpg</image:loc>
        <image:title>Mahdolliset tulokset
: Jokainen kaavion piste (x, y) edustaa Anilin (x) ja Balan (y) saamien rahasummien yhdistelmää tuhansissa rupioissa laskettuna. Värillinen kolmio kuvaa Anilin mahdollisia vaihtoehtoja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-b.jpg</image:loc>
        <image:title>Itsekkään Anilin samahyötykäyrät
: Jos Anil ei välitä Balasta ollenkaan, samahyötykäyrät ovat pystysuoria. Anilille on se ja sama, saako Bala paljon vai ei mitään. Anil pitää parempana oikeanpuoleista käyrää, koska se merkitsee enemmän rahaa hänelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-c.jpg</image:loc>
        <image:title>Anilin paras vaihtoehto
: Anilin mahdollisuuksien joukossa paras vaihtoehto on A, jossa Anil pitää voiton kokonaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-d.jpg</image:loc>
        <image:title>Anil välittääkin Balasta
: Ehkä Anil välittääkin Balasta, ovathan he naapureita. Silloin Anil on onnellisempi, kun myös Bala rikastuu. Hän saa hyötyä Balan kulutuksesta. Tällöin Anilin samahyötykäyrät ovat konvekseja ja laskevia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-06-c.jpg</image:loc>
        <image:title>Anilin valinta tuholaismyrkyn ja biologisen torjunnan välillä riippuu siitä, onko hän täysin itsekäs vai jossain määrin altruistinen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-06-a.jpg</image:loc>
        <image:title>Anilin ja Balan tulokset
: Koordinaatiston akselit kuvaavat Anilin ja Balan tuloksia. Koordinaatistoon merkityt neljä pistettä vastaavat eri strategioiden mahdollisia tulemia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-06-b.jpg</image:loc>
        <image:title>Itsekkään Anilin samahyötykäyrä
: Jos Anil ei välitä Balan hyvinvoinnista, Anilin samahyötykäyrät ovat pystysuorat. Hänelle paras tulema on (T, B). Se on hänestä parempi kuin (B, B), jolloin hänen kannattaa valita T, mikäli Balan valinta on B. Jos Anil on täysin itsekäs, T on kiistatta paras vaihtoehto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-07.jpg</image:loc>
        <image:title>Kimin tulokset julkishyödykepelissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/04-elinor-ostrom.jpg</image:loc>
        <image:title>Elinor Ostrom</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-09-a.jpg</image:loc>
        <image:title>Julkishyödykepeli eri kaupungeissa: kymmenen kierroksen panokset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-09-b.jpg</image:loc>
        <image:title>Rangaistuksella täydennetty julkishyödykepeli eri maissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-BqEOGDX766Q.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-10.jpg</image:loc>
        <image:title>Myöhästyneiden vanhempien keskimääräinen lukumäärä viikoittain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-11.jpg</image:loc>
        <image:title>Ultimatum-pelin pelipuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-12.jpg</image:loc>
        <image:title>Ultimatum-pelin hyväksyttävät tarjoukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-13-d.jpg</image:loc>
        <image:title>Ultimatum-pelin tehdyt tarjoukset ja ennakoidut hylkäykset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-13-a.jpg</image:loc>
        <image:title>Mitä pylväät kuvaavat?
: Koko pylvään korkeus kuvaa, miten monta prosenttia kenialaisista tai yhdysvaltalaisista tarjoajista teki vaaka-akselin asteikolle merkityn tarjouksen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-13-b.jpg</image:loc>
        <image:title>Kuvion tulkinta
: Kenialaisviljelijöiden pylväässä pystyakselin arvo 50 prosenttia ja vaaka-akselin arvo 40 prosenttia tarkoittavat, että puolet tarjoajista tarjosi neljääkymmentä prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-13-c.jpg</image:loc>
        <image:title>Tummennettu alue kuvaa hylättyjä tarjouksia
: Jos kenialaisviljelijät tarjosivat kolmeakymmentä prosenttia, melkein puolet vastaajista hylkäsi tarjouksen. Pylvään tummennettu osa ja kirkkaanpunainen osa ovat melkein samankokoiset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-14.jpg</image:loc>
        <image:title>Hylättyjen tarjousten osuus tarjouksen ja vastaajien lukumäärän mukaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-15-e.jpg</image:loc>
        <image:title>Työnjako-ongelma, jossa kaksi Nash-tasapainoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-15-a.jpg</image:loc>
        <image:title>Anilin paras vaste riisiin
: Jos Bala valitsee riisin, Anilin paras vaste on kassava. Merkitään vasemman alakulman ruutuun piste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-15-b.jpg</image:loc>
        <image:title>Anilin paras vaste kassavaan
: Jos Bala valitsee kassavan, Anilin paras vaste on riisi. Merkitään oikean yläkulman ruutuun piste. Huomaa, ettei Anilille ole dominoivaa strategiaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-15-c.jpg</image:loc>
        <image:title>Balan parhaat vasteet
: Jos Anil valitsee riisin, Balan paras vaste on kassava. Jos Anil valitsee kassavan, hänen kannattaa valita riisi. Merkitään Balan parhaita vasteita ympyröillä. Hänellekään ei ole dominoivaa strategiaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-15-d.jpg</image:loc>
        <image:title>(Kassava, riisi) on Nash-tasapaino
: Jos Anil valitsee kassavan ja Bala riisin, molemmat valitsevat parhaan vasteensa (piste ja ympyrä ovat samassa ruudussa). Yhdistelmä on Nash-tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/04-john-nash.jpg</image:loc>
        <image:title>John Nash</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-16-a.jpg</image:loc>
        <image:title>Päätöksenteko ohjelmointikielen valinnassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-16-b.jpg</image:loc>
        <image:title>Tulokset (tuhatta euroa projektin valmistumisesta) ohjelmointikielen mukaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-17-a.jpg</image:loc>
        <image:title>Ilmastopolitiikka vangin dilemmana (ylin kaavio). Ilmastopolitiikan tulosmatriisi vangin dilemma ‑pelissä perustilanteessa (alhaalla vasemmalla) sekä eriarvoisuusaversion ja vastavuoroisuuden tapauksessa (alhaalla oikealla).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-17-b.jpg</image:loc>
        <image:title>Ilmastopolitiikka vangin dilemmana (ylin kaavio). Ilmastopolitiikan tulosmatriisi vangin dilemma ‑pelissä perustilanteessa (alhaalla vasemmalla) sekä eriarvoisuusaversion ja vastavuoroisuuden tapauksessa (alhaalla oikealla).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-17-c.jpg</image:loc>
        <image:title>Ilmastopolitiikka vangin dilemmana (ylin kaavio). Ilmastopolitiikan tulosmatriisi vangin dilemma ‑pelissä perustilanteessa (alhaalla vasemmalla) sekä eriarvoisuusaversion ja vastavuoroisuuden tapauksessa (alhaalla oikealla).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-12-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Utiliser une taxe pour atteindre l’efficacité paretienne.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-08-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Équilibre sur le marché du pain : gains à l’échange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-05-01-02.jpg</image:loc>
        <image:title>Surplus du consommateur et du producteur quand le prix et la quantité ne sont pas au niveaux d’équilibre.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-08-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-08.jpg</image:loc>
        <image:title>Leipämarkkinoiden tasapaino.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-12-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-02.jpg</image:loc>
        <image:title>Plantaasinomistajien tuotantopäätös.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>¿Cómo afecta la elección de tiempo libre de Alexei su calificación?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-04-01-02.jpg</image:loc>
        <image:title>La frontera factible  y la correspondiente tasa marginal de transformación.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-02-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-f.svg</image:loc>
        <image:title>The farmer’s production function: Diminishing average product of labour.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/12.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-12-header.jpg</image:loc>
        <image:title>Piattaforma petrolifera in fiamme: per gentile concessione della Guardia Costiera USA</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-01-d.jpg</image:loc>
        <image:title>Costo marginale della produzione di banane utilizzando il pesticida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-01-a.jpg</image:loc>
        <image:title>Il costo marginale privato
: La curva viola rappresenta il costo marginale sostenuto dai produttori di banane, ossia il loro costo marginale privato. Essa è crescente perché il costo di una tonnellata addizionale di banane è tanto più elevato quanto più intensivi sono lo sfruttamento dei terreni coltivabili e l’utilizzo del pesticida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-01-b.jpg</image:loc>
        <image:title>Il costo marginale esterno
: La linea arancione rappresenta il costo marginale imposto dai proprietari delle piantagioni di banane sui pescatori — il costo marginale esterno. Esso rappresenta il costo dovuto alla riduzione della qualità e quantità del pesce venduto per ogni tonnellata addizionale di banane prodotta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-01-c.jpg</image:loc>
        <image:title>Il costo marginale sociale
: Sommando costo marginale privato e costo marginale esterno si ottiene il costo marginale totale relativo alla produzione di banane, detto costo marginale sociale, che nel grafico corrisponde alla curva verde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-02.jpg</image:loc>
        <image:title>La scelta del livello di produzione di banane.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/12-ronald-coase.jpg</image:loc>
        <image:title>Ronald Coase</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-04-c.jpg</image:loc>
        <image:title>I benefici della negoziazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-04-a.jpg</image:loc>
        <image:title>Lo status quo
: La situazione precedente la negoziazione è rappresentata dal punto A. La quantità Pareto-efficiente di banane è pari a 38.000 tonnellate. L’area colorata rappresenta il guadagno (dovuto a una riduzione dei costi) ottenuto dai pescatori nel caso in cui la produzione di banane venga ridotta da 80.000 a 38.000 tonnellate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-04-b.jpg</image:loc>
        <image:title>La diminuzione dei profitti
: Ridurre la produzione da 80.000 a 38.000 tonnellate fa sì che la produzione dei proprietari delle piantagioni si riduca. La diminuzione dei profitti corrisponde all’area in azzurro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-mcq-02.jpg</image:loc>
        <image:title>CMP e CMS dello stabilimento di produzione dei robot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-05-c.jpg</image:loc>
        <image:title>L’utilizzo di un’imposta per raggiungere l’efficienza paretiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-05-a.jpg</image:loc>
        <image:title>Il costo marginale esterno
: In corrispondenza della quantità Pareto-efficiente, pari a 38.000 tonnellate, il costo marginale privato è 295 $. Il costo marginale sociale ammonta invece a 400 $. Il costo marginale esterno è quindi pari alla differenze, 105 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-05-b.jpg</image:loc>
        <image:title>Imposta
: Se si introduce un’imposta su ciascuna tonnellata di banane prodotta, pari al costo marginale esterno (105 $), il prezzo al netto dell’imposta incassato dai proprietari delle piantagioni diviene 295 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/12-arthur-pigou.jpg</image:loc>
        <image:title>Arthur Pigou</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-06.jpg</image:loc>
        <image:title>I proprietari delle piantagioni compensano i pescatori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-12-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-3nsoN-LS8RQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/17.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-17-header.jpg</image:loc>
        <image:title>Financial Crisis Headline Montage: pingnews.com, https://goo.gl/yAQq7m, licensed under CC BY-SA 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-01-a.jpg</image:loc>
        <image:title>Teollisuustuotanto suuren laman ja kansainvälisen finanssikriisin aikana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-01-b.jpg</image:loc>
        <image:title>Rahapolitiikka suuressa lamassa ja globaalissa finanssikriisissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-01-c.jpg</image:loc>
        <image:title>Finanssipolitiikka suuressa lamassa ja globaalissa finanssikriisissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-02.jpg</image:loc>
        <image:title>Työttömyys, tuottavuuden kasvu ja eriarvoisuus Yhdysvalloissa 1914–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-03.jpg</image:loc>
        <image:title>Ylempi kaavio: pääomakannan kasvu ja voittoaste yhdysvaltalaisyrityksissä rahoitussektoria lukuun ottamatta, 1927–2015. Alempi kaavio: voittojen todellinen veroprosentti yhdysvaltalaisyrityksissä rahoitussektoria lukuun ottamatta, 1929–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-04.jpg</image:loc>
        <image:title>Yhdysvaltain velat prosentteina bruttokansantuotteesta: kotitaloudet, yrityssektori ilman rahoitussektoria, rahoitussektori ja valtio vuosina 1945–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-mcq-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-06.jpg</image:loc>
        <image:title>Suuren laman vaikutus Yhdysvaltain talouteen vuosina 1928–1941.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-07.jpg</image:loc>
        <image:title>Kokonaiskysynnän osatekijöiden muutokset nousu- ja laskukausina vuosina 1924–1941.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-08.jpg</image:loc>
        <image:title>Politiikka suuressa lamassa: Yhdysvallat vuosina 1921–1941.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-09.jpg</image:loc>
        <image:title>Suuri lama ja elpyminen: kotitaloudet supistivat kulutusta taantumassa päästäkseen tavoitevarallisuustasolleen ja kasvattivat kulutusta vuodesta 1933 alkaen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-HOv1H4ht0XI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-10.jpg</image:loc>
        <image:title>Kapitalismin kultakausi historian viitekehyksessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-11.jpg</image:loc>
        <image:title>Euroopan ja Japanin kiinniottokasvu vuosina 1950–2016.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-12-d.jpg</image:loc>
        <image:title>Kultakauden palkanasetantakäyrä ja hinnanasetantakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-12-a.jpg</image:loc>
        <image:title>Kultakauden alku
: Kuvitellaan, että Yhdysvaltain talous oli kultakauden alussa pisteessä A, jossa työttömyys on viisi prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-12-b.jpg</image:loc>
        <image:title>Teknologia kehittyy
: Hinnanasetantakäyrä siirtyy ylöspäin. Siirtyminen vilkastuttaa investointeja, mikä näkyy myös kuviossa 17.3 pääomakannan kasvuna.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-12-c.jpg</image:loc>
        <image:title>Palkanasetantakäyrä siirtyy ylöspäin mutta vähemmän kuin hinnanasetantakäyrä
: Vahvat ammattiliitot ja suotuisa politiikka lisäsivät työntekijöiden neuvotteluvoimaa. Laajojen työmarkkinasopimusten ansiosta palkanasetantakäyrän siirtymä ylöspäin jäi kuitenkin maltilliseksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-13.jpg</image:loc>
        <image:title>Ammattiliittojen jäsenyys ja julkisen sektorin koko Yhdysvalloissa 1913–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-14.jpg</image:loc>
        <image:title>Kultakauden loppu: lakkojen määrä ja palkat verrattuina osakekursseihin kehittyneissä talouksissa vuosina 1950–2002.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-15-d.jpg</image:loc>
        <image:title>Kultakauden loppu palkanasetanta- ja hinnanasetantakäyrillä mallinnettuna. (Reaalipalkka tarkoittaa verojen jälkeistä reaalipalkkaa suhteutettuna kuluttajahintoihin.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-15-a.jpg</image:loc>
        <image:title>Sodanjälkeinen konsensus raukeaa
: Palkanasetantakäyrän siirtyminen ylöspäin kuvastaa sodanjälkeisen konsensuksen raukeamista 1960- ja 1970-lukujen taitteessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-15-b.jpg</image:loc>
        <image:title>Ensimmäinen öljysokki 1973
: Vuonna 1973 puhkesi ensimmäinen öljykriisi. Hinnanasetantakäyrä siirtyi sen seurauksena alaspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-15-c.jpg</image:loc>
        <image:title>Vakaan inflaation työttömyysaste kasvaa
: Hinnanasetantakäyrän siirtyminen alaspäin ja palkanasetantakäyrän samanaikainen siirtyminen ylöspäin tarkoittivat, että pitkän aikavälin työttömyysaste nousi seitsemään prosenttiin eli pisteeseen D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-16.jpg</image:loc>
        <image:title>Kultakauden jälkeen: työttömyys ja inflaatio kehittyneissä talouksissa vuosina 1960–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>Kuvio 15.6 esitti Yhdysvaltain inflaatiota ja työttömyyttä vuosina 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-17.jpg</image:loc>
        <image:title>Kultakaudella ja sen jälkeen: reaalipalkat ja tuotos tuotantotyöntekijää kohti Yhdysvaltain teollisuustuotannossa vuosina 1949–2016.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-18.jpg</image:loc>
        <image:title>Asuntomarkkinoiden nousu ja lasku.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-19.jpg</image:loc>
        <image:title>Kotitalouksien velka-tulosuhde ja asuntojen hinnat Yhdysvalloissa 1950–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-20.jpg</image:loc>
        <image:title>Kotitalouksien varallisuus ja velat Yhdysvalloissa: köyhin ja rikkain viidennes nettovarallisuuden mukaan vuonna 2007.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-21.jpg</image:loc>
        <image:title>Ison-Britannian ja Yhdysvaltain pankkien vivutusaste vuosina 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/17-hyman-minsky.jpg</image:loc>
        <image:title>Hyman Minsky</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-22.jpg</image:loc>
        <image:title>Epävakaa ja vakaa tasapaino asuntomarkkinoilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-23.jpg</image:loc>
        <image:title>Asuntomarkkinoiden epävakaa ja vakaa tasapaino: S-kirjaimen muotoinen hintadynamiikkakuvaaja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-24-d.jpg</image:loc>
        <image:title>Asuntomarkkinoiden keikahduspiste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-24-a.jpg</image:loc>
        <image:title>Tasapainopiste B
: Pisteessä B asuntojen hinnat ovat korkeita mutta vakaita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-24-b.jpg</image:loc>
        <image:title>Asunnonomistajia alkaa pelottaa
: Kuvitellaan, että jotkut alkavat pitää hintoja liian korkeina ja myyvät asuntonsa. Hintadynamiikkakuvaajan S-käyrä siirtyy alemmaksi (tummempi käyrä).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-24-c.jpg</image:loc>
        <image:title>Markkinoiden mieliala muuttuu
: Yhä useammat alkavat pitää hintoja liian korkeina ja myyvät asuntonsa, jolloin S-käyrä siirtyy alaspäin ja hinnat laskevat katkonuolta pitkin pisteestä B pisteeseen Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-25-c.jpg</image:loc>
        <image:title>Finanssikriisi: Yhdysvaltain asuntomarkkinoiden romahdus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-25-a.jpg</image:loc>
        <image:title>Yhdysvaltain talous 2006
: Yhdysvaltain asuntomarkkinat olivat vuonna 2006 pisteessä A..
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-25-b.jpg</image:loc>
        <image:title>Asuntojen hintojen lasku vuonna 2007
: Asuntojen hinnat alkoivat laskea vuonna 2007 kysynnän siirtyessä alaspäin pisteestä A pisteeseen B. Asuntojen hintaindeksi laski enimmäisarvosta 100 lukemaan 92.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-26.jpg</image:loc>
        <image:title>Kokonaiskysyntä ja finanssikriisi Yhdysvalloissa vuoden 2006 toisesta neljänneksestä vuoden 2010 loppuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-27-d.jpg</image:loc>
        <image:title>Finanssikriisi: asuntobuumi, kotitalouksien velat ja asuntojen hinnanromahdus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-27-a.jpg</image:loc>
        <image:title>1980-luvun suuri vakaantuminen
: Pylväs A kuvaa 1980-luvun tilannetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-27-b.jpg</image:loc>
        <image:title>Asuntojen hinnannousu 1990-luvulta vuoteen 2006
: Koko 1990-luvun ja etenkin 2000-luvun alkuvuosina asuntojen hintojen nousu kasvatti kokonaisvarallisuutta. Niinpä kotitaloudet lisäsivät kulutusta ottamalla lisää velkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-27-c.jpg</image:loc>
        <image:title>Asuntojen hinnanlasku vuosina 2006–2009
: Työttömyyden nousu laski työtulo-odotuksia. Kotitalouksien nettovarallisuus pieneni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-g_W9SsstO9Y.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-w4gcdQA33aI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-17-28.jpg</image:loc>
        <image:title>Politiikkavaihtoehdot kultakauden päättyessä: Yhdysvallat 1960–1979.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-HYxJeuGzXAo.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/12.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-12-header.jpg</image:loc>
        <image:title>Offshore oil rig on fire: Courtesy of US Coastguard</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-01-d.svg</image:loc>
        <image:title>Marginal costs of banana production using Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-01-a.svg</image:loc>
        <image:title>The marginal private cost
: The purple line is the marginal cost for the growers: the marginal private cost (MPC) of banana production. It slopes upward because the cost of producing an additional tonne increases as the land is more intensively used, requiring more Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-01-b.svg</image:loc>
        <image:title>The marginal external cost
: The orange line shows the marginal cost imposed by the banana growers on fishermen—the marginal external cost (MEC). This is the cost of the reduction in quantity and quality of fish caused by each additional tonne of bananas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-01-c.svg</image:loc>
        <image:title>The marginal social cost
: Adding together the MPC and the MEC, we get the full marginal cost of banana production: the marginal social cost (MSC). This is the green line in the diagram.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-02.svg</image:loc>
        <image:title>The plantations’ choice of banana output.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/12-ronald-coase.jpg</image:loc>
        <image:title>Ronald Coase</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-04-c.svg</image:loc>
        <image:title>The gains from bargaining.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-04-a.svg</image:loc>
        <image:title>The status quo
: The situation before bargaining is represented by point A, and the Pareto-efficient quantity of bananas is 38,000 tonnes. The total shaded area shows the gain for fishermen if output is reduced from 80,000 to 38,000 (that is, the reduction in the fishermen’s costs).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-04-b.svg</image:loc>
        <image:title>Lost profit
: Reducing output from 80,000 to 38,000 tonnes reduces the profits of plantations. The lost profit is equal to the loss of producer surplus, shown by the blue area.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-mcq-02.svg</image:loc>
        <image:title>MPC and MSC of the robot factory production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-05-c.svg</image:loc>
        <image:title>Using a tax to achieve Pareto efficiency.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-05-a.svg</image:loc>
        <image:title>The marginal external cost
: At the Pareto-efficient quantity, 38,000 tonnes, the MPC is $295. The MSC is $400. So the marginal external cost is MSC – MPC = $105.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-05-b.svg</image:loc>
        <image:title>Tax = MSC – MPC
: If the government puts a tax on each tonne of bananas produced equal to $105, the marginal external cost, then the after-tax price received by plantations will be $295.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-06.svg</image:loc>
        <image:title>The plantations compensate the fishermen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/12-arthur-pigou.jpg</image:loc>
        <image:title>Arthur Pigou</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-mcq-04.svg</image:loc>
        <image:title>The MPC and MSC of robot production next to a dormitory for nurses who work nightshifts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-3nsoN-LS8RQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/05.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-05-header.jpg</image:loc>
        <image:title>Founders of Nashville shaking hands: iStock.com/anthonysp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/05-vilfredo-pareto.jpg</image:loc>
        <image:title>Vilfredo Pareto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-01-e.svg</image:loc>
        <image:title>Pareto-efficient allocations. All of the allocations except mutual use of the pesticide (T, T) are Pareto efficient.
: Pareto-efficient allocations. All of the allocations except mutual use of the pesticide (T, T) are Pareto efficient.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-01-a.svg</image:loc>
        <image:title>Anil and Bala’s prisoners’ dilemma
: The diagram shows the allocations of the prisoners’ dilemma game played by Anil and Bala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-01-b.svg</image:loc>
        <image:title>A Pareto comparison
: (I, I) lies in the rectangle to the north-east of (T, T), so an outcome where both Anil and Bala use IPC Pareto dominates one where both use Terminator.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-01-c.svg</image:loc>
        <image:title>Compare (T, T) and (T, I)
: If Anil uses Terminator and Bala IPC, then he is better off but Bala is worse off than when both use Terminator. The Pareto criterion cannot say which of these allocations is better.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-01-d.svg</image:loc>
        <image:title>No allocation Pareto dominates (I, I)
: None of the other allocations lie to the north-east of (I, I), so it is not Pareto dominated.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-02-c.svg</image:loc>
        <image:title>Independent farmer Angela’s feasible frontier, best feasible indifference curve, and choice of hours of work.
: Independent farmer Angela’s feasible frontier, best feasible indifference curve, and choice of hours of work.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-02-a.svg</image:loc>
        <image:title>The feasible frontier
: The diagram shows Angela’s feasible frontier, determined by her production function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-02-b.svg</image:loc>
        <image:title>The best Angela can do
: The best Angela can do, given the limits set by the feasible frontier, is to work for 8 hours, taking 16 hours of free time and producing 9 bushels of grain. At this point C, the marginal rate of substitution (MRS) is equal to the marginal rate of transformation (MRT).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-03-e.svg</image:loc>
        <image:title>Feasible outcomes of the interaction between Angela and Bruno.
: Feasible outcomes of the interaction between Angela and Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-03-a.svg</image:loc>
        <image:title>The combined feasible frontier
: The feasible frontier shows the maximum amount of grain available to Angela and Bruno together, given Angela’s amount of free time. If Angela takes 12 hours of free time and works for 12 hours then she produces 10.5 bushels of grain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-03-b.svg</image:loc>
        <image:title>A feasible allocation
: Point E is a possible outcome of the interaction between Angela and Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-03-c.svg</image:loc>
        <image:title>The distribution at point E
: At point E, Angela works for 12 hours and produces 10.5 bushels of grain. The distribution of grain is such that 5.25 bushels go to Bruno and Angela retains the other 5.25 bushels for her own consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-03-d.svg</image:loc>
        <image:title>Other feasible allocations
: Point F shows an allocation in which Angela works more than at point E and gets less grain, and point G shows the case in which she works more and gets more grain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-d.svg</image:loc>
        <image:title>Technically feasible allocations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-a.svg</image:loc>
        <image:title>The biological survival constraint
: If Angela does not work at all, she needs 2.5 bushels to survive (point Z). If she gives up some free time and expends energy working, she needs more food, so the curve is higher when she has less free time. This is the biological survival constraint.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-b.svg</image:loc>
        <image:title>Biologically infeasible and technically infeasible points
: Points below the biological survival constraint are biologically infeasible, while points above the feasible frontier are technically infeasible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-c.svg</image:loc>
        <image:title>Angela’s maximum working day
: Given the feasible frontier, there is a maximum amount of work above which Angela could not survive, even if she could consume everything she produced.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-f.svg</image:loc>
        <image:title>Coercion: The maximum technically feasible transfer from Angela to Bruno.
: Coercion: The maximum technically feasible transfer from Angela to Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-a.svg</image:loc>
        <image:title>Bruno can command Angela to work
: Bruno can choose any allocation in the technically feasible set. He considers letting Angela continue working 8 hours a day, producing 9 bushels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-b.svg</image:loc>
        <image:title>When Angela works for 8 hours
: Bruno could take 5.5 bushels without jeopardizing his future benefit from Angela’s labour. This is shown by the vertical distance between the feasible frontier and the survival constraint.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-c.svg</image:loc>
        <image:title>The maximum distance between frontiers
: The vertical distance between the feasible frontier and the biological survival constraint is greatest when Angela works for 11 hours (13 hours of free time).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-d.svg</image:loc>
        <image:title>Allocation and distribution at the maximum distance
: If Bruno commands Angela to work for 11 hours, she will produce 10 bushels, and needs 4 to survive. Bruno will get to keep 6 bushels for himself (the distance AB).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-05-e.svg</image:loc>
        <image:title>At high working hours the survival frontier becomes steeper
: If Bruno makes Angela work for more than 11 hours, the amount he can take falls as working hours increase.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-06-c.svg</image:loc>
        <image:title>Economically feasible allocations when exchange is voluntary.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-06-a.svg</image:loc>
        <image:title>Angela’s reservation option
: Point Z, the allocation in which Angela does not work and gets only survival rations from the government, is called her reservation option.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-06-b.svg</image:loc>
        <image:title>Angela’s reservation indifference curve
: The curve showing all of the allocations that are just as highly valued by Angela as the reservation option is called her reservation indifference curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-a-c.svg</image:loc>
        <image:title>Bruno’s take-it-or-leave-it proposal when Angela can refuse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-a-a.svg</image:loc>
        <image:title>Bruno’s best outcome using coercion
: Using coercion, Bruno chose allocation B. He forced Angela to work 11 hours and received grain equal to AB. The MRT at A is equal to the MRS at B on Angela’s biological survival constraint.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-a-b.svg</image:loc>
        <image:title>When Angela can say no
: With voluntary exchange, allocation B is not available. The best that Bruno can do is allocation D, where Angela works for 8 hours, giving him grain equal to CD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-b-e.svg</image:loc>
        <image:title>Bruno’s take-it-or-leave-it proposal when Angela can refuse.
: Bruno’s take-it-or-leave-it proposal when Angela can refuse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-b-a.svg</image:loc>
        <image:title>Angela’s working hours when she was coerced
: Using coercion, Angela was forced to work 11 hours. The MRT was equal to the MRS on Angela’s biological survival constraint.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-b-b.svg</image:loc>
        <image:title>Bruno’s best take-it-or-leave-it offer
: When Bruno cannot force Angela to work, he should offer a contract in which Angela pays him 4.5 bushels to rent the land. She works for 8 hours, where the MRT is equal to the MRS on her reservation indifference curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-b-c.svg</image:loc>
        <image:title>The maximum surplus
: If Angela works more or less than 8 hours, the joint surplus is less than 4.5 bushels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-b-d.svg</image:loc>
        <image:title>Bruno’s grain
: Although Bruno cannot coerce Angela he can get the whole surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-e.svg</image:loc>
        <image:title>Pareto-efficient allocations and the distribution of the surplus.
: Pareto-efficient allocations and the distribution of the surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-a.svg</image:loc>
        <image:title>The allocation at C
: As an independent farmer, Angela chose point C, where MRT = MRS. She consumed 9 bushels of grain: 4.5 bushels would have been enough to put her on her reservation indifference curve at D. But she obtained the whole surplus CD—an additional 4.5 bushels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-b.svg</image:loc>
        <image:title>The allocation at D
: When Bruno owned the land and made a take-it-or-leave-it offer, he chose a contract in which the land rent was CD (4.5 bushels). Angela accepted and worked 8 hours. The allocation was at D, and once again, MRT = MRS. The surplus was still CD, but Bruno got it all.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-c.svg</image:loc>
        <image:title>Angela’s preferences
: Remember that Angela’s MRS doesn’t change as she consumes more grain. At any point along the line CD, such as G, there is an indifference curve with the same slope. So MRS = MRT at all of these points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-08-d.svg</image:loc>
        <image:title>A hypothetical allocation
: Point G is a hypothetical allocation, at which MRS = MRT. Angela works for 8 hours, and 9 bushels of grain are produced. Bruno gets grain CG, and Angela gets all the rest. Allocation G is Pareto efficient.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-09-d.svg</image:loc>
        <image:title>The effect of an increase in Angela’s bargaining power through legislation.
: The effect of an increase in Angela’s bargaining power through legislation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-09-a.svg</image:loc>
        <image:title>Before the short hours law
: Bruno makes a take-it-or-leave-it offer, gets grain equal to CD, and Angela works 8 hours. Angela is on her reservation indifference curve at D and MRS = MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-09-b.svg</image:loc>
        <image:title>What Angela receives before legislation
: Angela gets 4.5 bushels of grain: she is just indifferent between working for 8 hours and her reservation option.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-09-c.svg</image:loc>
        <image:title>The effect of legislation
: With legislation that reduces work to 4 hours and keeps Angela’s amount of grain unchanged, she is on a higher indifference curve at F. Bruno’s grain is reduced from CD to EF (2 bushels).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-10-e.svg</image:loc>
        <image:title>Bargaining to restore Pareto efficiency.
: Bargaining to restore Pareto efficiency.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-10-a.svg</image:loc>
        <image:title>The maximum joint surplus
: The surplus to be divided between Angela and Bruno is maximized where MRT = MRS, at 8 hours of work.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-10-b.svg</image:loc>
        <image:title>Angela prefers F to D
: But Angela prefers point F implemented by the legislation, because it gives her the same amount of grain but more free time than D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-10-c.svg</image:loc>
        <image:title>Angela could also do better than F
: Compared to F, however, she would prefer any allocation on the Pareto efficiency curve between C and G.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-10-d.svg</image:loc>
        <image:title>Angela can propose H
: At allocation H, Bruno gets the same amount of grain: CH = EF. Angela is better off than she was at F. She works longer hours, but has more than enough grain to compensate her for the loss of free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-11.svg</image:loc>
        <image:title>The fundamental determinants of economic outcomes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-12.svg</image:loc>
        <image:title>A Lorenz curve for wealth ownership.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-13.svg</image:loc>
        <image:title>The distribution of spoils: Pirates and the Royal Navy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-14-a.svg</image:loc>
        <image:title>The Lorenz curve and Gini coefficient for wealth ownership.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-disposable-income.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-15-d.svg</image:loc>
        <image:title>Distribution of market and disposable income in the Netherlands (2010).
: Distribution of market and disposable income in the Netherlands (2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-15-a.svg</image:loc>
        <image:title>The Lorenz curve for market income
: The curve indicates that the poorest 10% of the population (10 on the horizontal axis) receive only 0.1% of total income (0.1 on the vertical axis), and the lower-earning half of the population has less than 20% of income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-15-b.svg</image:loc>
        <image:title>The Gini for market income
: The Gini coefficient is the ratio of area A (between the market income curve and the perfect equality line) to area A + B (below the perfect equality line), which is 0.47.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-15-c.svg</image:loc>
        <image:title>Disposable income
: The amount of inequality in disposable income is much smaller than the inequality in market income. Redistributive policies have a bigger effect towards the bottom of the distribution. The poorest 10% have 4% of total disposable income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-16.svg</image:loc>
        <image:title>Income inequality in market and disposable income across the world.
: Income inequality in market and disposable income across the world.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-17.svg</image:loc>
        <image:title>Efficiency and fairness.
: Efficiency and fairness.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-18.svg</image:loc>
        <image:title>Bargaining in practice: How a land tenure reform in West Bengal reduced the Gini coefficient.
: Bargaining in practice: How a land tenure reform in West Bengal reduced the Gini coefficient.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-19.svg</image:loc>
        <image:title>The Lorenz curve and the perfect equality line.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/0-4-preface.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/preface-camila-cea.jpg</image:loc>
        <image:title>Camila Cea
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-12.jpg</image:loc>
        <image:title>Word cloud emphasizing inequality
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>Le choix optimal d’Alexei de temps libre et de note à l’examen.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-08-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-08.svg</image:loc>
        <image:title>Equilibrium in the market for bread.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/11.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-11-header.jpg</image:loc>
        <image:title>Santiago, Chile stock exchange: CORE</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-01.jpg</image:loc>
        <image:title>Hinnat ja neuvotteluvoima kalan tukkumarkkinoilla Keralassa 14.1.1997. (Kahdet markkinoista päätyivät samaan tulemaan eli 6,2 rupian kilohintaan.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/11-friedrich-hayek.jpg</image:loc>
        <image:title>Friedrich Hayek</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-02-e.jpg</image:loc>
        <image:title>Kilpailulliset markkinat ja kysynnän kasvu: ylituottomahdollisuus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-02-a.jpg</image:loc>
        <image:title>Tasapaino
: Pisteessä A markkinat ovat tasapainossa ja hinta on 8 euroa. Tarjontakäyrä on sama kuin rajakustannuskäyrä, joten yhden hatun valmistamisen rajakustannus on 8 dollaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-02-b.jpg</image:loc>
        <image:title>Eksogeeninen kysyntäsokki
: Sokki siirtää kysyntäkäyrää oikealle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-02-c.jpg</image:loc>
        <image:title>Liikakysyntää
: Markkinahinnalla hattujen kysyntä ylittää tarjonnan (piste D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-02-d.jpg</image:loc>
        <image:title>Hinta nousee
: Kysynnän lisäyksen jälkeen eräs hattukauppias havaitsee asiakasmäärien kasvaneen ja tajuaa, että hän voi kasvattaa voittojaan korottamalla hintaa. Hän saa yhtä paljon hattuja kaupaksi mihin tahansa hintaan pisteiden A ja B väliltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-03.jpg</image:loc>
        <image:title>Vernon Smithin koetulokset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-exercise-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-04.jpg</image:loc>
        <image:title>Hinnan ja määrän suhde eräälle Anconan kalamarkkinoiden ostajalle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-05.jpg</image:loc>
        <image:title>Hinnan ja määrän suhde Anconan markkinoilla yleisesti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-06-d.jpg</image:loc>
        <image:title>Leipämarkkinoiden lyhyen ja pitkän aikavälin tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-06-a.jpg</image:loc>
        <image:title>Lyhyen aikavälin tasapaino
: Alussa leipomoita on 50. Markkinoiden lyhyen aikavälin tasapaino on pisteessä A. Leivän hinta on kaksi euroa, ja voitot ylittävät normaalivoiton. Leipomot saavat ylituottoa, mikä houkuttelee markkinoille uusia leipomoita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-06-b.jpg</image:loc>
        <image:title>Lisää yrityksiä markkinoille
: Kun markkinoille tulee uusia yrityksiä, tarjontakäyrä siirtyy oikealle. Uusi tasapaino on pisteessä B. Leivän hinta on laskenut 1,75 euroon. Leipomoita on enemmän ja ne myyvät yhteensä enemmän leipää, mutta jokainen yksittäinen leipomo tuottaa vähemmän ja saa vähemmän voittoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-06-c.jpg</image:loc>
        <image:title>Hinta ylittää yhä keskikustannukset
: Pisteessä B hinta ylittää yhä keskikustannukset: leipomoiden voitot ylittävät normaalivoiton. Myös piste B on lyhyen aikavälin tasapaino, koska markkinoille on yhä tulijoita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-07.jpg</image:loc>
        <image:title>Öljyn maailmanmarkkinahinta kiintein hinnoin 1865–2014 ja maailman öljynkulutus 1965–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-08-e.jpg</image:loc>
        <image:title>Öljyn maailmanmarkkinat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-08-a.jpg</image:loc>
        <image:title>OPEC-maiden tarjonta
: OPEC-maat voivat lisätä tuotantoaan helposti nykyisen kapasiteettinsa rajoissa rajakustannuksen c kasvamatta. Kiintiöt rajaavat niiden kokonaistuotannon määrään QOPEC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-08-b.jpg</image:loc>
        <image:title>Muiden maiden tarjonta
: Muut maat voivat tuottaa öljyä samalla rajakustannuksella c, kunnes ne lähestyvät kapasiteettirajaansa, jolloin rajakustannukset alkavat kasvaa jyrkästi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-08-c.jpg</image:loc>
        <image:title>Maailman tuotantokäyrä
: Maailman kokonaistuotanto on OPEC-maiden ja muiden maiden tuotannon summa kullakin hinnalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-08-d.jpg</image:loc>
        <image:title>Öljyn tasapainohinta
: Kysyntäkäyrä on jyrkkä: lyhyellä aikavälillä maailmanmarkkinoiden kysyntä on joustamatonta. Tasapainossa hinta on P0 ja öljyn kokonaiskulutus Q0 on QOPEC + Qmuut.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-09.jpg</image:loc>
        <image:title>1970-luvun hintasokit: OPEC supistaa tuotantoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-10.jpg</image:loc>
        <image:title>2000-luvun hintasokit: talouskasvu lisää maailmanmarkkinakysyntää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-11.jpg</image:loc>
        <image:title>News Corpin osakekurssi ja kaupankäyntivolyymi 7.5.2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-12-d.jpg</image:loc>
        <image:title>Lupaavia tietoja kannattavuudesta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-12-a.jpg</image:loc>
        <image:title>Alkutilanteen tasapaino
: Alussa markkinat ovat tasapainossa pisteessä A, jossa myydään tunnin aikana 6 000 osaketta 16,50 dollarin hintaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-12-b.jpg</image:loc>
        <image:title>Lupaavia tietoja kannattavuudesta
: News Corpin kannattavuudesta tihkuu lupaavia tietoja, jotka siirtävät kysyntäkäyrää …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-12-c.jpg</image:loc>
        <image:title>Lupaavia tietoja kannattavuudesta
: … ja samanaikaisesti tarjontakäyrää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-do0yzpMrOn4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-14.jpg</image:loc>
        <image:title>Nasdaq Composite ‑indeksi 1995–2004 ja IT-kupla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>Siipikiesi Oy:n osakkeet ja kuplan synty.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-15-a.jpg</image:loc>
        <image:title>Lähtöhinta
: Siipikiesi Oy:n osakekurssi on alkutilanteessa alimman kysyntäkäyrän mukaisesti 50 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-15-b.jpg</image:loc>
        <image:title>Hyvät uutiset heijastuvat markkinoihin
: Kun potentiaaliset sijoittajat ja pörssikaupan kävijät saavat lupaavia uutisia tulevaisuuden kannattavuusnäkymistä, kysyntäkäyrä siirtyy oikealle ja hinta nousee 60 euroon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-15-c.jpg</image:loc>
        <image:title>Kurssinousun seuraukset
: Potentiaaliset ostajat havaitsevat kurssinousun ja tulkitsevat sen ennustavan lisää hyviä uutisia. Kysyntäkäyrä siirtyy ylöspäin silkan kurssinousun vaikutuksesta, ja kurssi nousee edelleen 70 euroon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-16.jpg</image:loc>
        <image:title>Vahvistava ja vaimentava takaisinkytkentä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-17-e.jpg</image:loc>
        <image:title>Vakaa tasapaino Siipikiesi Oy:n osakkeen markkinoilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-17-a.jpg</image:loc>
        <image:title>Tasapainohinta
: Vasen kaavio esittää kysyntä- ja tarjontakäyriä, kun markkinoiden tasapainohinta on P0. Oikeanpuoleisen kaavion 45 asteen kulmassa nouseva suora kertoo, että jos hinta hetkenä t on P0, hinta hetkenä t + 1 on sama. Markkinoilla ei ole hintamuutospainetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-17-b.jpg</image:loc>
        <image:title>Hintasokki
: Kuvitellaan, että tilapäisen kysyntäpiikin seurauksena markkinahinta on P1. Osakkeesta on liikatarjontaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-17-c.jpg</image:loc>
        <image:title>Hinnan korjausliike
: Hintadynamiikkakuvaaja kertoo, että jos hinta on kysyntäpiikin hetkenä P1, seuraavana hetkenä se on P2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-17-d.jpg</image:loc>
        <image:title>Näkemykset hillitsevät hintavaihtelua
: Koska hintadynamiikkakuvaaja on loivempi kuin 45 asteen kulmassa nouseva suora, P2 on lähempänä tasapainohintaa kuin P1. Sijoittajien toimia ohjaa heidän näkemyksensä Siipikiesin substanssiarvosta, joka on P0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-18.jpg</image:loc>
        <image:title>Epävakaa tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-19.jpg</image:loc>
        <image:title>Siipikiesi Oy:n osakekurssi romahtaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-20.jpg</image:loc>
        <image:title>Bitcoinin arvo 2013–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-21.jpg</image:loc>
        <image:title>Kisalippujen liikakysyntä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-h.jpg</image:loc>
        <image:title>Vuokrat ja ylituotto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-a.jpg</image:loc>
        <image:title>Kysyntä ja tarjonta kohtaavat
: Alkutilanteessa kysyntä ja tarjonta kohtaavat: vuokra-asuntoja on 8 000 ja vuokra 500 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-b.jpg</image:loc>
        <image:title>Kysyntä kasvaa
: Kuvitellaan, että vuokra-asuntojen kysyntä kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-c.jpg</image:loc>
        <image:title>Vuokrat nousevat
: Vuokra-asuntojen tarjonta on joustamatonta ainakin lyhyellä aikavälillä. Uusi tasapainovuokra on 830 euroa, paljon aiempaa korkeampi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-d.jpg</image:loc>
        <image:title>Vuokrakatto?
: Oletetaan, että kaupunginhallinto määrää 500 euron vuokrakaton. Vuokranantajat tarjoavat edelleen vuokralle 8 000 asuntoa, ja syntyy liikakysyntää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-e.jpg</image:loc>
        <image:title>Markkinoiden lyhyt puoli
: Kun hinta jää alle tasapainotason, tarjoajat ovat markkinoiden lyhyellä puolella. Vuokra-asuntojen määrä riippuu tarjonnasta, ei kysynnästä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-f.jpg</image:loc>
        <image:title>Jotkut maksaisivat paljon korkeampaa vuokraa
: Markkinoiden pitkällä puolella on 12 000 asunnon etsijää. Vuokra-asuntoja riittää vain 8 000:lle. Toisaalta 8 000 olisi valmis maksamaan vuokraa 1 100 euroa tai enemmän, mutta vuokrasopimuksia ei välttämättä allokoida niille, joilla on eniten maksuhalukkuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-22-g.jpg</image:loc>
        <image:title>Jälkimarkkinat
: Jos laki sallisi, osa vuokralaisista voisi jälleenvuokrata kotinsa 1 100 euron vuokralla ja saada siitä ylituottoa 600 euroa (1 100 euroa vähennettynä 500 euron enimmäisvuokralla).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-22-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-05.svg</image:loc>
        <image:title>The duration curve: The dictator sets the tax given the cost of the public service.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-07-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-a.svg</image:loc>
        <image:title>Calculating marginal revenue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-01-02.svg</image:loc>
        <image:title>Marginal revenue and marginal cost.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/18.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-18-header.jpg</image:loc>
        <image:title>Container ship CSCL Venus of the China Shipping Line: Buonasera, https://goo.gl/mCTZNb, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-01.jpg</image:loc>
        <image:title>Les employés de Ford à travers le monde, en 2014
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-02.jpg</image:loc>
        <image:title>Exportations mondiales de marchandises en pourcentage du PIB mondial (1820–2011)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-f.jpg</image:loc>
        <image:title>Le marché des voitures : les écarts de prix reflètent les coûts d’échange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-a.jpg</image:loc>
        <image:title>La courbe d’offre du pays exportateur
: La droite bleue représente la courbe d’offre dans le pays producteur (exportateur), qui est le Japon. C’est une fonction croissante du prix dans ce pays.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-b.jpg</image:loc>
        <image:title>La courbe de demande du pays importateur
: La droite rouge représente la courbe de demande du pays consommateur (importateur), les États-Unis. C’est une fonction décroissante du prix dans ce pays.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-c.jpg</image:loc>
        <image:title>Marché concurrentiel
: Si le marché est concurrentiel, alors le prix d’une automobile aux États-Unis sera équivalent au coût d’achat au Japon, plus le coût d’échange t. Supposez que le coût de transport d’une unité de bien donné soit 4,5. Nous montrerons que 4 000 voitures seront produites.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-d.jpg</image:loc>
        <image:title>Pourquoi 4 000 ?
: Parce que, pour cette quantité, la différence entre la courbe d’offre et la courbe de demande est égale au coût d’échange, soit 4,5. Le coût marginal au Japon sera 2,75, tandis que les consommateurs aux États-Unis sont prêts à payer 7,25 par unité.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-03-e.jpg</image:loc>
        <image:title>L’effet de la mondialisation
: Si nous envisageons la mondialisation comme un processus, cela signifie qu’un monde plus mondialisé est un monde dans lequel on observe une chute des coûts d’échange. Dans le graphique, cela est représenté par la baisse des coûts d’échange de t à t′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-04.jpg</image:loc>
        <image:title>The Anglo-American wheat trade (1800–1914)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-05.jpg</image:loc>
        <image:title>Écarts de prix de marchandises entre les États-Unis et le Royaume-Uni (1870–1913)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-06.jpg</image:loc>
        <image:title>Les obstacles au commerce (1870–2000)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-07.jpg</image:loc>
        <image:title>Moyenne des tarifs douaniers, en pourcentage (1981–2010)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-08.jpg</image:loc>
        <image:title>Flux des capitaux internationaux (1870–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-09.jpg</image:loc>
        <image:title>Détention d’actifs internationaux (1900–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-10.jpg</image:loc>
        <image:title>Investissement direct à l’étranger : les investissements des entreprises américaines dans d’autres pays en fonction du niveau des salaires par rapport aux États-Unis (2001–2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-11.jpg</image:loc>
        <image:title>Immigration aux États-Unis en pourcentage de la croissance de la population américaine (1820–1998)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-12.jpg</image:loc>
        <image:title>Salaires du secteur manufacturier par rapport aux États-Unis (1975–1979 et 2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-14.jpg</image:loc>
        <image:title>Différences de coûts entre pays, spécialisation et échange
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-g.jpg</image:loc>
        <image:title>Les frontières des possibilités de production de Carlos (Île des Pommes) et de Greta (Île du Blé).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-a.jpg</image:loc>
        <image:title>La production de Carlos
: La partie gauche de la figure montre les combinaisons de blé et de pommes que Carlos peut produire en un an. S’il ne produit que des pommes et qu’il a 100 hectares de terres, il peut en produire 10 000. C’est ce que l’on voit au point A de l’axe des abscisses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-b.jpg</image:loc>
        <image:title>Spécialisation dans le blé
: De la même manière, si Carlos ne produit que du blé, il peut en produire 4 000 tonnes, comme l’on peut le voir au point B de l’axe des ordonnées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-c.jpg</image:loc>
        <image:title>La frontière des possibilités de production
: La droite rouge qui relie les points A et B est la frontière des possibilités de production de Carlos. Elle montre toutes les combinaisons de blé et de pommes que Carlos peut produire en un an.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-d.jpg</image:loc>
        <image:title>Choix de Carlos
: Il peut choisir de produire n’importe quelle combinaison sur (où à l’intérieur de) la frontière. Il peut, par exemple, produire 2 000 tonnes de blé et 5 000 pommes, comme indiqué par le point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-e.jpg</image:loc>
        <image:title>L’ensemble des possibles de Carlos
: Il peut produire n’importe quelle combinaison entre l’origine et la frontière des possibilités de production. La zone rouge représente son ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-a-f.jpg</image:loc>
        <image:title>La frontière des possibilités de production de Greta
: On peut la voir dans le graphique de droite. Greta peut produire plus de chaque bien que Carlos. Si elle ne produit qu’un bien, elle peut produire soit 12 500 pommes, soit 10 000 tonnes de blé avec 100 hectares de terre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-b-d.jpg</image:loc>
        <image:title>Choix de consommation maximisant l’utilité de Carlos (Île des Pommes) et de Greta (Île du Blé).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-b-a.jpg</image:loc>
        <image:title>Frontière des possibilités de consommation de Carlos
: Il s’agit du graphique de gauche, coïncidant avec sa frontière des possibilités de production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-b-b.jpg</image:loc>
        <image:title>Courbes d’indifférence de Carlos
: Les formes des courbes d’indifférence représentent les préférences de Carlos pour le blé et les pommes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-16-b-c.jpg</image:loc>
        <image:title>La plus haute courbe d’indifférence que Carlos peut atteindre
: C’est celle qui est tangente à sa frontière des possibilités de production. Il choisira de consommer 2 500 tonnes de blé par an et 3 750 pommes, comme indiqué par le point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-18-c.jpg</image:loc>
        <image:title>Les effets de l’échange et de la spécialisation sur la frontière des possibilités de consommation de Carlos et Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-18-a.jpg</image:loc>
        <image:title>Avant la spécialisation et l’échange
: Le graphique représente les frontières des possibilités de production de Carlos et Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-18-b.jpg</image:loc>
        <image:title>L’effet de la spécialisation et de l’échange
: Les droites en pointillés rouges représentent le déplacement vers l’extérieur de la frontière des possibilités de consommation en raison de la spécialisation et de l’échange. On suppose que le prix relatif du blé après spécialisation et échange soit 2 (un prix situé arbitrairement entre 1,25 et 2,5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-19-c.jpg</image:loc>
        <image:title>Les effets de l’échange et de la spécialisation sur les frontières des possibilités de consommation de Carlos et Greta lorsque Greta peut fixer unilatéralement le prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-19-a.jpg</image:loc>
        <image:title>Frontières des possibilités de production
: Le graphique représente les mêmes frontières des possibilités de production que celles de la Figure 18.18.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-19-b.jpg</image:loc>
        <image:title>Après l’échange
: Greta dicte maintenant le prix relatif du blé à 2,25. Le commerce continue à étendre les ensembles des possibles, mais il déplace davantage celui de Greta. Cela implique que le commerce et la spécialisation augmentent l’utilité de Carlos et Greta, mais augmentera davantage l’utilité de Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/18-david_ricardo.jpg</image:loc>
        <image:title>David Ricardo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-mcq-05.jpg</image:loc>
        <image:title>Les frontières des possibilités de production de Carlos et de Greta ainsi que leurs choix de consommation entre le blé et les pommes maximisant leur utilité en autarcie (en l’absence d’échange).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-mcq-07.jpg</image:loc>
        <image:title>Les frontières des possibilités de production d’Alex et de Jose pour les oranges et les melons.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-20.jpg</image:loc>
        <image:title>Les gagnants et les perdants du commerce entre les États-Unis et la Chine
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-g.jpg</image:loc>
        <image:title>L’effet à long terme de la spécialisation sur le chômage américain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-a.jpg</image:loc>
        <image:title>Taux de chômage de long terme
: L’économie commence au point A (U = 6 %).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-b.jpg</image:loc>
        <image:title>Les États-Unis se spécialisent dans la production d’avions
: Ils ont un avantage comparatif. La spécialisation dans le bien qu’ils produisent relativement le mieux augmente la productivité moyenne de la main d’œuvre américaine, déplacant vers le haut la production par travailleur et donc aussi la courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-c.jpg</image:loc>
        <image:title>Les travailleurs produisant des biens électroniques sont licenciés
: Les consommateurs américains achètent maintenant des lecteurs de DVD chinois. Certains sont embauchés pour produire des avions, mais pas tous, car la capacité de production du secteur est limitée. L’économie se déplace du point A vers B et le chômage augmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-d.jpg</image:loc>
        <image:title>Les entreprises américaines produisant des avions font des profits élevés
: Elles anticipent que cela continuera dans le futur. Elles augmentent leur capacité de production, ce qui a pour effet d’augmenter la demande de travail et de réembaucher les anciens travailleurs de l’industrie des biens électroniques. L’économie se déplace du point B vers C et le chômage baisse à 4 %, sous son niveau initial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-e.jpg</image:loc>
        <image:title>Hausse de la demande de travail
: La demande augmente le pouvoir de négociation des travailleurs. Les salaires augmentent. Ce processus s’arrête quand l’économie arrive à une nouvelle intersection entre les courbes des prix et des salaires au point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-21-f.jpg</image:loc>
        <image:title>La courbe des salaires
: La courbe des salaires pourrait également se déplacer si les travailleurs demandent une plus assurance chômage plus généreuse à cause d’une hausse de la rotation des emplois due aux effets du commerce. Si elle se déplace beaucoup, la spécialisation pourrait entraîner une réduction de l’emploi total. Par exemple, au point E sur la figure, le chômage est supérieur au taux de long terme initial de 6 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-qqZxJGW9B7M.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-22.jpg</image:loc>
        <image:title>Le trilemme politique de Rodrik
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-LRDIejhdtYk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-18-23.jpg</image:loc>
        <image:title>Rattrapage et stagnation : les salaires manufacturiers par rapport aux États-Unis (1950–2015)
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-19-header.jpg</image:loc>
        <image:title>Brazilian favela: © Tuca Vieira</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-07-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-16.jpg</image:loc>
        <image:title>Voiton maksimointi, kun kysyntä on joustavaa (vasemmalla) ja joustamatonta (oikealla).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-17.jpg</image:loc>
        <image:title>Voiton maksimointi, kun kysyntä on joustavaa (vasemmalla) ja joustamatonta (oikealla).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/05.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-05-header.jpg</image:loc>
        <image:title>Les fondateurs de Nashville se serrent la main : iStock.com/anthonysp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/05-vilfredo-pareto.jpg</image:loc>
        <image:title>Vilfredo Pareto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-01-e.jpg</image:loc>
        <image:title>Allocations Pareto-efficaces. Toutes les allocations sauf l’usage mutuel du pesticide (T,T) sont Pareto-efficaces
: Allocations Pareto-efficaces. Toutes les allocations sauf l’usage mutuel du pesticide (T,T) sont Pareto-efficaces.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-01-a.jpg</image:loc>
        <image:title>Le dilemme du prisonnier d’Anil et Bala
: Le graphique montre les allocations du jeu du dilemme du prisonnier auquel participent Anil et Bala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-01-b.jpg</image:loc>
        <image:title>Une comparaison au sens de Pareto
: (I,I) se trouve dans le rectangle au nord-est de (T,T), de telle sorte qu’une situation où Anil et Bala utilisent tous deux le CIP Pareto-domine une situation où les deux utilisent Terminator.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-01-c.jpg</image:loc>
        <image:title>Comparer (T,T) et (T,I)
: Si Anil utilise Terminator et Bala CIP, alors Anil est dans une position plus avantageuse par rapport à la situation dans laquelle les deux utilisent Terminator, mais Bala est dans une position moins avantageuse. Le critère de Pareto ne permet pas de dire laquelle de ces deux allocations est la meilleure.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-01-d.jpg</image:loc>
        <image:title>Aucune allocation ne Pareto-domine (I,I)
: Aucune des autres allocations ne se trouve au nord-est de (I,I), donc (I,I) n’est pas Pareto-dominée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-02-c.jpg</image:loc>
        <image:title>La frontière des possibles pour la fermière indépendante Angela, sa meilleure courbe d’indifférence possible et son choix d’heures de travail
: La frontière des possibles pour la fermière indépendante Angela, sa meilleure courbe d’indifférence possible et son choix d’heures de travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-02-a.jpg</image:loc>
        <image:title>La frontière des possibles
: Le graphique montre la frontière des possibles d’Angela, déterminée par sa fonction de production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-02-b.jpg</image:loc>
        <image:title>Le mieux qu’Angela puisse faire
: Le mieux qu’Angela puisse faire, étant donné la contrainte posée par sa frontière des possibles, est de travailler 8 heures, ce qui lui laisse 16 heures de temps libre et lui permet de produire 9 boisseaux de céréales. Au point C, le taux marginal de substitution (TMS) est égal au taux marginal de transformation (TMT).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-03-e.jpg</image:loc>
        <image:title>Résultats possibles de l’interaction entre Angela et Bruno
: Résultats possibles de l’interaction entre Angela et Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-03-a.jpg</image:loc>
        <image:title>La frontière combinée des possibles
: La frontière des possibles montre la quantité maximale de céréales disponible pour Angela et Bruno en fonction de la quantité de temps libre d’Angela. Si Angela choisit d’avoir 12 heures de temps libre et de travailler 12 heures, alors elle produit 10,5 boisseaux de céréales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-03-b.jpg</image:loc>
        <image:title>Une allocation possible
: Le point E est un résultat possible de l’interaction entre Angela et Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-03-c.jpg</image:loc>
        <image:title>La répartition au point E
: Au point E, Angela travaille 12 heures et produit 10,5 boisseaux de céréales. La répartition des céréales alloue 5,25 boisseaux à Bruno, tandis qu’Angela garde les 5,25 autres boisseaux pour sa propre consommation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-03-d.jpg</image:loc>
        <image:title>Autres allocations possibles
: Le point F montre une allocation où Angela travaille plus qu’au point E, mais obtient moins de céréales, et le point G montre une situation où Angela travaille davantage et reçoit également plus de céréales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-d.jpg</image:loc>
        <image:title>Allocations techniquement possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-a.jpg</image:loc>
        <image:title>La contrainte biologique de survie
: Si Angela ne travaille pas du tout, elle a besoin de 2,5 boisseaux pour survivre (point Z). Si elle renonce à un peu de temps libre et dépense de l’énergie en travaillant, elle a besoin de plus de nourriture. C’est pourquoi la courbe est plus élevée quand elle a moins de temps libre. Il s’agit de la contrainte biologique de survie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-b.jpg</image:loc>
        <image:title>Points biologiquement et techniquement impossibles
: Les points en dessous de la contrainte biologique de survie sont biologiquement impossibles, tandis que tous les points au-dessus de la frontière des possibles sont techniquement impossibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-c.jpg</image:loc>
        <image:title>Durée quotidienne maximale de travail pour Angela
: Étant donné la frontière des possibles, il y a un nombre maximum d’heures de travail au-dessus duquel Angela ne pourrait pas survivre, même si elle consommait tout ce qu’elle produisait.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-f.jpg</image:loc>
        <image:title>Coercition : le transfert techniquement possible maximal d’Angela à Bruno
: Coercition : le transfert techniquement possible maximal d’Angela à Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-a.jpg</image:loc>
        <image:title>Bruno peut imposer à Angela de travailler
: Bruno peut choisir n’importe quelle allocation située dans l’ensemble techniquement possible. Il pense laisser Angela travailler 8 heures par jour, produisant 9 boisseaux.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-b.jpg</image:loc>
        <image:title>Quand Angela travaille 8 heures
: Bruno pourrait prendre 5,5 boisseaux sans compromettre ses opportunités futures de tirer avantage du travail d’Angela. Cela se reflète dans l’écart vertical entre la frontière des possibles et la contrainte de survie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-c.jpg</image:loc>
        <image:title>La distance maximale entre les frontières
: La distance verticale entre la frontière des possibles et la contrainte biologique de survie est la plus élevée quand Angela travaille 11 heures (et a 13 heures de temps libre).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-d.jpg</image:loc>
        <image:title>Allocation et répartition lorsque la distance est maximale
: Si Bruno ordonne à Angela de travailler 11 heures, elle va produire 10 boisseaux, et en a besoin de 4 pour sa survie. Bruno va donc garder 6 boisseaux pour lui-même (la distance AB).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-05-e.jpg</image:loc>
        <image:title>La frontière de survie devient plus pentue pour un nombre élevé d’heures travaillées
: Si Bruno fait travailler Angela plus de 11 heures, la quantité qu’il peut s’accaparer diminue lorsque le nombre d’heures travaillées augmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-06-c.jpg</image:loc>
        <image:title>Les allocations économiquement possibles lorsque l’échange est volontaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-06-a.jpg</image:loc>
        <image:title>Option de réserve d’Angela
: Le point Z, l’allocation pour laquelle Angela ne travaille pas et obtient seulement des rations de survie de l’État, est appelé son option de réserve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-06-b.jpg</image:loc>
        <image:title>La courbe d’indifférence de réserve d’Angela
: La courbe montrant l’ensemble des allocations qui ont exactement la même valeur pour Angela que son option de réserve est appelée sa courbe d’indifférence de réserve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-a-c.jpg</image:loc>
        <image:title>L’offre à prendre ou à laisser de Bruno quand Angela peut refuser.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-a-a.jpg</image:loc>
        <image:title>Le meilleur résultat pour Bruno quand il fait usage de la force
: Lorsqu’il pouvait contraindre Angela, Bruno choisissait l’allocation B. Il forçait Angela à travailler 11 heures et recevait une quantité de céréales égale à AB. Le TMT au point A est égal au TMS au point B sur la contrainte biologique de survie d’Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-a-b.jpg</image:loc>
        <image:title>Quand Angela peut dire non
: Dans le cadre d’un échange volontaire, l’allocation B n’est plus disponible. Le mieux que Bruno puisse faire est l’allocation D, pour laquelle Angela travaille 8 heures et lui donne une quantité de céréales égale à CD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-b-e.jpg</image:loc>
        <image:title>L’offre à prendre ou à laisser de Bruno quand Angela peut refuser
: L’offre à prendre ou à laisser de Bruno quand Angela peut refuser.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-b-a.jpg</image:loc>
        <image:title>Les heures de travail d’Angela sous contrainte
: Sous la contrainte, Angela travaillait 11 heures. Le TMT était égal au TMS sur la contrainte biologique de survie d’Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-b-b.jpg</image:loc>
        <image:title>La meilleure offre à prendre ou à laisser de Bruno
: Quand Bruno ne peut pas forcer Angela à travailler, il doit lui offrir un contrat dans lequel Angela lui paie 4,5 boisseaux contre la location de la terre. Elle travaille 8 heures, ce qui correspond au point auquel le TMT est égal au TMS associé à sa courbe d’indifférence de réserve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-b-c.jpg</image:loc>
        <image:title>Le surplus maximum
: Si Angela travaille plus ou moins de 8 heures, le surplus total est inférieur à 4,5 boisseaux.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-b-d.jpg</image:loc>
        <image:title>Les céréales de Bruno
: Bien que Bruno ne puisse pas obliger Angela à travailler, il peut obtenir la totalité du surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Allocations Pareto-efficaces et répartition du surplus
: Allocations Pareto-efficaces et répartition du surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-a.jpg</image:loc>
        <image:title>L’allocation au point C
: En tant que fermière indépendante, Angela choisissait le point C, où TMT = TMS. Elle consommait 9 boisseaux de céréales ; 4,5 boisseaux auraient été suffisants pour qu’elle se trouve sur sa courbe d’indifférence de réserve au point D. Mais elle obtenait la totalité du surplus CD – 4,5 boisseaux additionnels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-b.jpg</image:loc>
        <image:title>L’allocation au point D
: Quand Bruno possédait la terre et fasait une offre à prendre ou à laisser, il choisissait le contrat dans lequel le loyer était CD (4,5 boisseaux). Angela acceptait et travaillait 8 heures. L’allocation était au point D et, encore une fois, TMT = TMS. Le surplus était toujours de CD, mais était entièrement capturé par Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-c.jpg</image:loc>
        <image:title>Préférences d’Angela
: Souvenez-vous que le TMS d’Angela ne change pas lorsqu’elle consomme plus de céréales. Pour n’importe quel point le long de la droite CD, par exemple le point G, il y a une courbe d’indifférence avec la même pente. Nous voyons donc que TMS = TMT à chacun de ces points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-d.jpg</image:loc>
        <image:title>Une allocation fictive
: Le point G est une allocation fictive, où TMS = TMT. Angela travaille 8 heures, et 9 boisseaux de céréales sont produits. Bruno obtient la quantité CG, et Angela le reste. L’allocation G est Pareto-efficace.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-09-d.jpg</image:loc>
        <image:title>L’effet d’une augmentation du pouvoir de négociation d’Angela grâce à la loi
: L’effet d’une augmentation du pouvoir de négociation d’Angela grâce à la loi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-09-a.jpg</image:loc>
        <image:title>Avant la loi réduisant le temps de travail
: Bruno fait une offre à prendre ou à laisser, obtient des boisseaux pour un montant égal à CD, et Angela travaille 8 heures. Angela se trouve sur sa courbe d’indifférence de réserve au point D et TMS = TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-09-b.jpg</image:loc>
        <image:title>Ce qu’Angela obtient avant la loi
: Angela obtient 4,5 boisseaux de céréales, soit juste assez pour la rendre indifférente entre la situation où elle travaille 8 heures et son option de réserve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-09-c.jpg</image:loc>
        <image:title>L’effet de la législation
: Suite à la législation réduisant le temps de travail à 4 heures et gardant la quantité de céréales d’Angela inchangée, elle se trouve sur une courbe d’indifférence plus haute, au point F. La quantité de céréales obtenue par Bruno est réduite, de CD à EF (2 boisseaux).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-10-e.jpg</image:loc>
        <image:title>Négociation pour restaurer l’efficacité au sens de Pareto
: Négociation pour restaurer l’efficacité au sens de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-10-a.jpg</image:loc>
        <image:title>Le surplus total maximal
: Le surplus à partager entre Angela et Bruno est maximisé quand TMT = TMS, pour 8 heures de travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-10-b.jpg</image:loc>
        <image:title>Angela préfère F à D
: Angela préfère le point F atteint grâce à la loi, parce qu’il lui permet d’obtenir la même quantité de céréales tout en ayant plus de temps libre qu’avec le point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-10-c.jpg</image:loc>
        <image:title>Angela pourrait être dans une meilleure situation que F
: Par rapport à F, cependant, elle préférerait n’importe quelle allocation sur la courbe de Pareto-efficacité, entre C et G.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-10-d.jpg</image:loc>
        <image:title>Angela peut proposer H
: Avec l’allocation H, Bruno obtient le même montant de céréales : CH = EF. La situation d’Angela s’améliore par rapport à celle qu’elle connaissait au point F. Elle travaille plus longtemps, mais reçoit plus de céréales qu’il n’en faut pour compenser la perte de son temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-11.jpg</image:loc>
        <image:title>Les déterminants fondamentaux des résultats économiques
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-12.jpg</image:loc>
        <image:title>Une courbe de Lorenz pour la propriété de richesses
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-13.jpg</image:loc>
        <image:title>La répartition du butin : les pirates et la Marine royale
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-14-a.jpg</image:loc>
        <image:title>La courbe de Lorenz et le coefficient de Gini pour la propriété de richesses
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-15-d.jpg</image:loc>
        <image:title>Distribution du revenu marchand et du revenu disponible aux Pays-Bas (2010)
: Distribution du revenu marchand et du revenu disponible aux Pays-Bas (2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-15-a.jpg</image:loc>
        <image:title>La courbe de Lorenz pour le revenu marchand
: La courbe indique que les 10 % les plus pauvres de la population (10 sur l’axe des abscisses) reçoivent seulement 0,1 % du revenu total (0,1 sur l’axe des ordonnées), et que la moitié la plus pauvre de la population reçoit moins de 20 % du revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-15-b.jpg</image:loc>
        <image:title>Le coefficient de Gini pour le revenu marchand
: Le coefficient de Gini est le ratio de l’aire A (entre la courbe pour le revenu marchand et la droite d’égalité parfaite) et de l’aire A + B (sous la droite d’égalité parfaite), qui est égal à 0,47.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-15-c.jpg</image:loc>
        <image:title>Revenu disponible
: Les inégalités en termes de revenu disponible sont beaucoup plus faibles que les inégalités en termes de revenu marchand. Les politiques de redistribution ont un effet plus important vers le bas de la distribution. Les 10 % les plus pauvres reçoivent 4 % du revenu disponible total.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-16.jpg</image:loc>
        <image:title>Inégalités de revenu marchand et de revenu disponible dans le monde
: Inégalités de revenu marchand et de revenu disponible dans le monde
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-17.jpg</image:loc>
        <image:title>Efficacité et équité
: Efficacité et équité
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-19.jpg</image:loc>
        <image:title>La courbe de Lorenz et la droite d’égalité parfaite.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/19.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-19-header.jpg</image:loc>
        <image:title>Brazilian favela: © Tuca Vieira</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-01.jpg</image:loc>
        <image:title>Desigualdad en la riqueza, los ingresos laborales y el ingreso disponible: EE.UU., Suecia y Japón (década 2000).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-02.jpg</image:loc>
        <image:title>Porcentaje de la riqueza total en manos del 1% más rico (1740–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-03.jpg</image:loc>
        <image:title>Porcentaje del ingreso total recibido por el 1% que más gana (1913–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-04.jpg</image:loc>
        <image:title>Participación decreciente del 1% que más gana en algunas economías europeas y en Japón (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-ouhJrEcrCzQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-05-c.jpg</image:loc>
        <image:title>Desigualdad de ingresos a nivel global y entre países (1952–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-05-a.jpg</image:loc>
        <image:title>Cae la desigualdad entre individuos a nivel mundial (1986–2013)
: La línea azul muestra la desigualdad de ingresos entre todos los individuos del mundo: muestra, en definitiva, el coeficiente de Gini del mundo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-05-b.jpg</image:loc>
        <image:title>La hipotética desigualdad entre países cae…
: La curva roja muestra la desigualdad de ingresos entre países entre 1952 y 2015. Para calcularla, suponemos que todos en un determinado país obtenían el mismo ingreso. A partir de la década de 1980, esta desigualdad comenzó a disminuir rápidamente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-06-b.jpg</image:loc>
        <image:title>El vacío intermedio en EE.UU. (2014–24): pronóstico de ocupaciones que sufrirán cambios de 10 000 o más puestos de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-06-a.jpg</image:loc>
        <image:title>Crecimiento estimado de empleos en Estados Unidos
: La figura 19.6 organiza los trabajos desde los trabajos mejor pagados (en salario a la hora) en el extremo superior, a los trabajos peor pagados, en el extremo inferior, y estima el crecimiento o la contracción del empleo en el eje horizontal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-07.jpg</image:loc>
        <image:title>El vacío intermedio en EE.UU. (2014–24): el crecimiento en el empleo es más alto en el quintil superior e inferior de las categorías de ocupación en EE.UU., ordenadas en base a los ingresos laborales medios anuales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-08.jpg</image:loc>
        <image:title>Desigualdad con base en categorías: educación e ingresos laborales vitales para hombres y mujeres en EE.UU.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-09.jpg</image:loc>
        <image:title>Desigualdad con base en categorías: número promedio de años de escolarización de las niñas en términos relativos a los niños (1970–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-10.jpg</image:loc>
        <image:title>Desigualdad intergeneracional en los ingresos laborales: EE.UU. y Dinamarca.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-11.jpg</image:loc>
        <image:title>Desigualdad intergeneracional y transversal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-12.jpg</image:loc>
        <image:title>La desigualdad es uno de los principales problemas que los alumnos creen que debería abordar la Economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-13.jpg</image:loc>
        <image:title>Distribución de la riqueza ideal, estimada y real para los estadounidenses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-14.jpg</image:loc>
        <image:title>En Estados Unidos, cómo las creencias acerca de lo que se necesita para salir adelante en la vida sirven para predecir quién apoya o se opone a los programas gubernamentales que redistribuyen el ingreso en beneficio de los pobres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-g.jpg</image:loc>
        <image:title>Escoger entre distribuciones factibles del ingreso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-a.jpg</image:loc>
        <image:title>Igualdad entre ricos y pobres
: El Punto E muestra el caso en el que ricos y pobres reciben el mismo ingreso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-b.jpg</image:loc>
        <image:title>El ideal de Rawls
: El punto preferido de Rawls es R, donde los pobres son tan ricos como sea posible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-c.jpg</image:loc>
        <image:title>El conjunto factible
: La línea roja en curva que pasa por los puntos R y E (y otros puntos por encima de R) es la frontera de las distribuciones factibles de ingreso en la economía. Su pendiente es la TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-d.jpg</image:loc>
        <image:title>Máximo ingreso esperado
: Si a usted le interesara maximizar su ingreso esperado, entonces escogería el punto A, donde las ganancias de ingreso de los ricos se corresponden exactamente con las pérdidas de ingreso de los pobres, de manera que la tasa marginal de transformación es igual a uno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-e.jpg</image:loc>
        <image:title>Si usted supiera que sería rico
: Si usted pudiera manipular el lanzamiento de la moneda al aire de manera que supiera que acabaría en el grupo de los ricos (y no le preocupara la desigualdad) escogería el punto F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-15-f.jpg</image:loc>
        <image:title>La peor solución para los pobres
: El punto D indica el ingreso mínimo de los pobres y, al igual que el punto E, no es eficiente en términos de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-16.jpg</image:loc>
        <image:title>Relaciones causales entre tecnología, instituciones y políticas, dotaciones y desigualdad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-18.jpg</image:loc>
        <image:title>Desigualdad económica a lo largo del tiempo. Las flechas rojas muestran que la desigualdad económica en un periodo tiene efectos sobre tecnologías, instituciones y políticas, y sobre las diferencias en dotaciones en el futuro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-19-e.jpg</image:loc>
        <image:title>Los mercados crediticio y laboral dan forma a las relaciones entre grupos con diferentes dotaciones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-19-a.jpg</image:loc>
        <image:title>Una economía modelo
: Considere una economía con individuos ricos y empleados.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-19-b.jpg</image:loc>
        <image:title>Excluidos del mercado crediticio
: Aquellos sin riqueza (garantías) o con riqueza insuficiente están excluidos del mercado crediticio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-19-c.jpg</image:loc>
        <image:title>Individuos ricos y prestatarios exitosos
: Estas personas pueden comprar bienes de capital para convertirse en empleadores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-19-d.jpg</image:loc>
        <image:title>Aquellos que no son ricos
: Son empleados o desempleados.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-20-d.jpg</image:loc>
        <image:title>El efecto de una fuerza de trabajo más formada sobre la desigualdad entre empleadores, empleados y desempleados: el mercado de trabajo para toda la economía y la curva de Lorenz.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-20-a.jpg</image:loc>
        <image:title>Nuestra economía modelo
: Consideremos cómo la economía descrita en el panel izquierdo de la figura, con su equilibrio inicial en el punto X, cambia cuando los trabajadores (tanto empleados como desempleados) adquieren más educación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-20-b.jpg</image:loc>
        <image:title>La productividad de los trabajadores se eleva, desplazando hacia arriba la curva de fijación de precios
: El salario congruente con el margen que maximiza los beneficios de la empresa fijadora de precios es ahora mayor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-20-c.jpg</image:loc>
        <image:title>Entrada de empresas
: En respuesta a unos beneficios mayores, la producción se expande, lo que reduce la tasa de desempleo. Teniendo en cuenta que esto eleva la posición de reserva de los empleados, induce a las empresas a fijar un salario más alto. El nuevo equilibrio del mercado de trabajo se encuentra en Y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-21-c.jpg</image:loc>
        <image:title>El efecto de la segmentación del mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-21-a.jpg</image:loc>
        <image:title>Una economía modelo con segmentación del mercado laboral
: Los 40 trabajadores del segmento secundario del mercado laboral reciben solo el 10% del producto de la economía y los 40 trabajadores en el mercado laboral primario reciben la mitad del producto (a ellos se les paga cinco veces más que a los trabajadores del mercado secundario). Los 10 propietarios reciben el 40% del producto (16 veces más que los trabajadores secundarios).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-21-b.jpg</image:loc>
        <image:title>Eliminación de la segmentación del mercado laboral
: Los 80 trabajadores reciben ahora el mismo sueldo y, en conjunto, reciben el 60% del producto de la economía. Los salarios de los trabajadores secundarios se han elevado, mientras que los salarios en el mercado laboral primario han caído.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-22-d.jpg</image:loc>
        <image:title>El efecto de los robots en la desigualdad: polarización del mercado de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-22-a.jpg</image:loc>
        <image:title>La curva de Lorenz antes de la introducción de los robots
: La curva de Lorenz, representada por la línea continua de color azul, muestra la distribución del ingreso entre desempleados, empleados y propietarios. Todos los trabajadores, estén realizando trabajo rutinario o no rutinario, ganan el mismo salario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-22-b.jpg</image:loc>
        <image:title>La introducción de los robots remplaza y abarata el trabajo rutinario
: Después de la introducción de los robots, 5 trabajadores más –aquellos que realizaban trabajo rutinario que los robots ahora pueden realizar– pasan a estar desempleados. Los 55 trabajadores rutinarios restantes ahora solo reciben el 10% del producto de la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-22-c.jpg</image:loc>
        <image:title>Los robots hacen más valioso el trabajo de algunos trabajadores
: Treinta de los empleados tienen destrezas complementarias a las máquinas. Estos ganan salarios más altos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-99ZTpN5R3mk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-25-c.jpg</image:loc>
        <image:title>El «mundo» como economía capitalista unificada, con un mercado laboral segmentado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-25-a.jpg</image:loc>
        <image:title>El mundo antes de que China despegara
: Gran parte de la hipotética economía china es en un primer momento rural y no participa directamente en la economía capitalista. La fuerza laboral urbana china –la mitad de la hipotética fuerza laboral total del mundo– recibe solo el 20% de los ingresos mundiales. La fuerza laboral europea y norteamericana –es la mitad de la de China en tamaño– recibe el doble. El coeficiente mundial de Gini es 0,59.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-25-b.jpg</image:loc>
        <image:title>China despega
: El sector rural de China se ha reducido al 10%, aumentando la participación de China en la fuerza laboral dedicada a la economía capitalista global, que ahora tiene la misma participación en el ingreso mundial que los trabajadores europeos y norteamericanos (30% cada uno).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-26.jpg</image:loc>
        <image:title>Diferentes conceptos de ingreso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-27.jpg</image:loc>
        <image:title>Coeficientes de Gini para el ingreso de mercado, el ingreso disponible y el ingreso final.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-28.jpg</image:loc>
        <image:title>Ingreso de mercado e ingreso disponible medios por familia, para hogares con asalariados principales en diferentes grupos de edad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-29-a.jpg</image:loc>
        <image:title>Distribución de impuestos y gasto público (media de pesos por persona). Deciles de hogares ordenados por ingreso neto de mercado per cápita, México, 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-29-b.jpg</image:loc>
        <image:title>Distribución de impuestos y gasto público como porcentaje del ingreso de mercado. Deciles de hogares ordenados por ingreso neto de mercado per cápita, México, 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>El costo de la desigualdad: desigualdad y crecimiento en los niveles de vida en países ricos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-30-b.jpg</image:loc>
        <image:title>El costo de la desigualdad: desigualdad y crecimiento en los niveles de vida en países en desarrollo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-30-c.jpg</image:loc>
        <image:title>El costo de la desigualdad: disparidad económica y fracción de los trabajadores empleada como personal de seguridad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-30-d.jpg</image:loc>
        <image:title>Desigualdad y desempeño económico: países desempeño con alto y bajo.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-05-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Allocations Pareto-efficaces et la répartition du surplus.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/13.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-13-header.jpg</image:loc>
        <image:title>Tempête imminente : 80 trading 24, https://goo.gl/je7HmL, sous licence CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-01.jpg</image:loc>
        <image:title>Évolution du chômage et du bien-être durant la crise financière : données sur les États américains (2007–2010)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-02-b.jpg</image:loc>
        <image:title>PIB par habitant au Royaume-Uni (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-02-a.jpg</image:loc>
        <image:title>Taux de croissance annuel après 1921
: Sur le graphique de droite, la pente de la droite (matérialisée par des pointillés noirs) représente le taux de croissance annuel moyen entre 1921 et 2014. Il était de 2,0 % par an. On voit que la croissance était régulière.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-03-d.jpg</image:loc>
        <image:title>Croissance du PIB et taux de chômage au Royaume-Uni (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-03-a.jpg</image:loc>
        <image:title>Croissance du PIB et chômage au Royaume-Uni
: Les graphiques montrent la croissance du PIB et le taux de chômage au cours de la période 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-03-b.jpg</image:loc>
        <image:title>Pics et creux
: Les flèches mettent en évidence le pic et le creux d’un cycle économique durant la fin des années 1980 et le début des années 1990.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-03-c.jpg</image:loc>
        <image:title>La crise financière mondiale
: Au 21e siècle, la crise financière de 2008 survint après une période au cours de laquelle les fluctuations furent limitées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-mcq-01.jpg</image:loc>
        <image:title>Le logarithme naturel du PIB réel par tête du Royaume-Uni entre 1875 et 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-04-a.jpg</image:loc>
        <image:title>L’échelle de rapport et une fonction exponentielle
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-04-b.jpg</image:loc>
        <image:title>L’échelle linéaire en logarithmes naturels et une fonction linéaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-05.jpg</image:loc>
        <image:title>La loi d’Okun pour quelques économies
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-flowchart-01.jpg</image:loc>
        <image:title>Baisse de la croissance de la production → Hausse du taux de chômage → Baisse du bien-être
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-mcq-02.jpg</image:loc>
        <image:title>Le taux de croissance du PIB réel et l’évolution du chômage aux États-Unis entre 1961 et 2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-06.jpg</image:loc>
        <image:title>Le modèle de flux circulaire : trois façons de mesurer le PIB
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-a-e.jpg</image:loc>
        <image:title>Rôle de l’agriculture dans les fluctuations de l’économie agrégée en Grande-Bretagne(1550–1700).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-a-a.jpg</image:loc>
        <image:title>Croissance du PIB entre 1550 et 1700
: La figure représente le taux de croissance du PIB réel et ses trois secteurs principaux à cette période.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-a-b.jpg</image:loc>
        <image:title>Agriculture
: Il ressort nettement que le secteur agricole est beaucoup plus volatile que les autres secteurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-a-c.jpg</image:loc>
        <image:title>Industrie
: À cette période, la différence moyenne de la production du secteur agricole d’une année sur l’autre était trois fois plus grande que celle du secteur industriel…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-a-d.jpg</image:loc>
        <image:title>Services
: … et plus de dix fois plus grande que celle du secteur des services.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-09-b.jpg</image:loc>
        <image:title>Rôle de l’agriculture dans les fluctuations de l’économie agrégée en Inde (1961–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-10-c.jpg</image:loc>
        <image:title>Lissage de la consommation tout au long de notre vie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-10-a.jpg</image:loc>
        <image:title>Revenu au cours du temps
: La ligne bleue montre la trajectoire du revenu au cours du temps : elle démarre à un niveau bas, s’élève quand l’individu progresse dans sa carrière professionnelle et chute au moment de la retraite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-10-b.jpg</image:loc>
        <image:title>Dépenses de consommation
: Il s’agit de la ligne rouge. Elle est lisse (plate) à partir du point où l’individu commence à travailler.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-11-c.jpg</image:loc>
        <image:title>Consommation en présence de contraintes de crédit : le cas d’une hausse anticipée du revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-11-a.jpg</image:loc>
        <image:title>Revenu au fil du temps
: Les lignes bleues sur le graphique montrent que la trajectoire de revenu au cours du temps est la même pour les deux ménages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-11-b.jpg</image:loc>
        <image:title>Lissage de la consommation
: La ligne rouge sur le graphique supérieur montre que pour un ménage lissant sa consommation, la consommation change dès l’arrivée de la nouvelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-f.jpg</image:loc>
        <image:title>Ménages contraints et non contraints par le crédit : le cas d’une réduction temporaire et imprévue du revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-a.jpg</image:loc>
        <image:title>Revenu identique aux deux périodes
: Considérez un ménage qui reçoit le même revenu, y, à la période actuelle et à la suivante, représenté par le point de dotation A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-b.jpg</image:loc>
        <image:title>Un ménage non contraint
: Le taux d’intérêt est r, de sorte que si le ménage peut emprunter et épargner, alors il peut choisir n’importe quel point situé sur la contrainte budgétaire, qui a pour pente −(1 + r).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-c.jpg</image:loc>
        <image:title>Préférence pour le lissage
: Supposez que le ménage préfère consommer le même montant à chaque période ; il est indiqué par le point A où la courbe d’indifférence est tangente à la contrainte budgétaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-d.jpg</image:loc>
        <image:title>Un choc négatif
: À présent supposez que le ménage subisse cette année un choc de revenu négatif temporaire et inattendu, par exemple une mauvaise récolte, qui abaisse le revenu de cette année au niveau de y′, laissant le revenu attendu l’année suivante inchangé à y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-12-e.jpg</image:loc>
        <image:title>La contrainte budgétaire
: S’il peut emprunter et épargner, alors sa contrainte budgétaire a une pente de −(1 + r) et passera par le point A′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-13-c.jpg</image:loc>
        <image:title>Consommation quand les ménages ont peu de volonté : le cas d’une baisse anticipée du revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-13-a.jpg</image:loc>
        <image:title>La trajectoire du revenu
: Les lignes bleues sur le graphique montrent que le revenu suit la même trajectoire pour les deux types de ménages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-13-b.jpg</image:loc>
        <image:title>Lissage de la consommation
: La ligne rouge dans le graphique supérieur montre la trajectoire de consommation pour un ménage lissant sa consommation. Quand il apprend la baisse imminente de son revenu, il commence immédiatement à épargner pour pouvoir maintenir sa consommation lorsque le revenu diminuera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-mcq-07.jpg</image:loc>
        <image:title>La trajectoire de revenu pour un ménage informé de l’augmentation et de la baisse attendue de son revenu futur aux périodes indiquées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-14.jpg</image:loc>
        <image:title>Investissement dans les nouvelles technologies et la bulle Internet (1991–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-15.jpg</image:loc>
        <image:title>Des anticipations négatives sur la demande future créent un cercle vicieux
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-16.jpg</image:loc>
        <image:title>Des anticipations positives sur la demande future créent un cercle vertueux
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-17.jpg</image:loc>
        <image:title>Les décisions d’investissement vues comme un jeu de coordination
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-18.jpg</image:loc>
        <image:title>Investissement et confiance des entreprises de la zone euro (1996–2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-19-a.jpg</image:loc>
        <image:title>Taux de croissance de la consommation, de l’investissement et du PIB au Royaume-Uni et aux États-Unis, en pourcentage par année (1956–2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-19-b.jpg</image:loc>
        <image:title>Taux de croissance de la consommation, de l’investissement et du PIB au Mexique et en Afrique du Sud (1961–2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-20-a.jpg</image:loc>
        <image:title>Croissance du PIB du Royaume-Uni (1875–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-20-b.jpg</image:loc>
        <image:title>Taux de chômage au Royaume-Uni (1875–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-20-c.jpg</image:loc>
        <image:title>Taux d’inflation du Royaume-Uni (1875–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-13-21.jpg</image:loc>
        <image:title>Niveaux et volatilité de l’inflation dans les économies à haut et bas revenus
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/0-6-contributors.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-yann-algan.jpg</image:loc>
        <image:title>Yann Algan</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-tim-besley.jpg</image:loc>
        <image:title>Timothy Besley</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-sam-bowles.jpg</image:loc>
        <image:title>Samuel Bowles</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-antonio-cabrales.jpg</image:loc>
        <image:title>Antonio Cabrales</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-juan-camilo-cardenas.jpg</image:loc>
        <image:title>Juan Camilo Cárdenas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-wendy-carlin.jpg</image:loc>
        <image:title>Wendy Carlin</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-diane-coyle.jpg</image:loc>
        <image:title>Diane Coyle</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-marion-dumas.jpg</image:loc>
        <image:title>Marion Dumas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-cameron-hepburn.jpg</image:loc>
        <image:title>Cameron Hepburn</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-daniel-hojman.jpg</image:loc>
        <image:title>Daniel Hojman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-david-hope.jpg</image:loc>
        <image:title>David Hope</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-arjun-jayadev.jpg</image:loc>
        <image:title>Arjun Jayadev</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-suresh-naidu.jpg</image:loc>
        <image:title>Suresh Naidu</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-robin-naylor.jpg</image:loc>
        <image:title>Robin Naylor</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-kevin-orourke.jpg</image:loc>
        <image:title>Kevin O'Rourke</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-begum-ozkaynak.jpg</image:loc>
        <image:title>Begüm Özkaynak</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-malcolm-pemberton.jpg</image:loc>
        <image:title>Malcolm Pemberton</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-nicholas-rau.jpg</image:loc>
        <image:title>Nicholas Rau</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-paul-segal.jpg</image:loc>
        <image:title>Paul Segal</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-rajiv-sethi.jpg</image:loc>
        <image:title>Rajiv Sethi</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-margaret-stevens.jpg</image:loc>
        <image:title>Margaret Stevens</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-alex-teytelboym.jpg</image:loc>
        <image:title>Alexander Teytelboym</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/contributor-georg-von-gravenitz.jpg</image:loc>
        <image:title>Georg von Graevenitz</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/13.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-13-header.jpg</image:loc>
        <image:title>An impending storm: 80 trading 24, https://goo.gl/je7HmL, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-01.svg</image:loc>
        <image:title>Changes in unemployment and wellbeing during the financial crisis: Evidence from the US states (2007–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-02-b.svg</image:loc>
        <image:title>UK GDP per capita (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-02-a.svg</image:loc>
        <image:title>Annual growth rate after 1921
: In the right-hand panel, the slope of the line (shown in dashed black) represents the average annual growth rate from 1921 to 2014. It was 2.0% per annum. We can see that growth was steady.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-03-d.svg</image:loc>
        <image:title>UK GDP growth and unemployment rate (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-03-a.svg</image:loc>
        <image:title>UK GDP growth and unemployment
: The panels show UK GDP growth and the unemployment rate for the period 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-03-b.svg</image:loc>
        <image:title>Peaks and troughs
: The arrows highlight the peak and trough of a business cycle during the late 1980s and early 1990s.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-03-c.svg</image:loc>
        <image:title>The global financial crisis
: In the twenty-first century, the 2008 financial crisis followed a period in which fluctuations were limited.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-mcq-01.svg</image:loc>
        <image:title>The natural log of UK real GDP per capita between 1875 and 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-04-a.svg</image:loc>
        <image:title>The ratio scale and an exponential function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-04-b.svg</image:loc>
        <image:title>The linear scale in natural logs and a linear function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-05.svg</image:loc>
        <image:title>Okun’s law for selected economies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-flowchart-01.svg</image:loc>
        <image:title>A fall in output growth → A rise in the unemployment rate → A fall in wellbeing
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-mcq-02.svg</image:loc>
        <image:title>The real GDP growth and change in unemployment for the US between 1961 and 2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-06.svg</image:loc>
        <image:title>The circular flow model: Three ways to measure GDP.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-a-e.svg</image:loc>
        <image:title>The role of agriculture in the fluctuations of the aggregate economy in Britain (1550–1700).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-a-a.svg</image:loc>
        <image:title>GDP growth between 1550 and 1700
: The figure shows the growth rate of real GDP and its three main sectors at this time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-a-b.svg</image:loc>
        <image:title>Agriculture
: Clearly the agricultural sector is much more volatile than other sectors.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-a-c.svg</image:loc>
        <image:title>Industry
: In this period the average difference in the output of the agricultural sector from one year to the next is three times larger than that of the industrial sector …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-a-d.svg</image:loc>
        <image:title>Services
: … and more than 10 times larger than that of the services sector.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-09-b.svg</image:loc>
        <image:title>The role of agriculture in the fluctuations of the aggregate economy in India (1961–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-10-c.svg</image:loc>
        <image:title>Consumption smoothing through our lifetime.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-10-a.svg</image:loc>
        <image:title>Income over time
: The blue line shows the path of income over time: it starts low, rises when the individual is promoted and falls at retirement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-10-b.svg</image:loc>
        <image:title>Consumption expenditure
: This is the red line. It is smooth (flat) from the point at which the individual first gets a job.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-11-c.svg</image:loc>
        <image:title>Consumption when credit constraints bind: An anticipated rise in income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-11-a.svg</image:loc>
        <image:title>Income over time
: The blue lines on the figure show that the path of income over time is the same in both households.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-11-b.svg</image:loc>
        <image:title>Consumption smoothing
: The red line in the top panel shows that, in a consumption-smoothing household, consumption changes immediately once the household receives the news.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-f.svg</image:loc>
        <image:title>Credit-constrained and unconstrained households: An unanticipated temporary fall in income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-a.svg</image:loc>
        <image:title>Same income in both periods
: Consider a household that receives the same income, y, this period and next period, indicated by the endowment point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-b.svg</image:loc>
        <image:title>An unconstrained household
: The interest rate is r so if the household can borrow and save, then it can choose any point on the budget constraint, which has the slope −(1 + r).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-c.svg</image:loc>
        <image:title>Preference for smoothing
: Assume that the household prefers to consume the same amount each period, shown by the point A where the indifference curve is tangent to the budget constraint.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-d.svg</image:loc>
        <image:title>A negative shock
: Now suppose that the household experiences an unexpected negative temporary shock to its income this year, such as a bad harvest, which lowers this year’s income to y′, leaving expected income next year unaffected at y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-12-e.svg</image:loc>
        <image:title>The budget constraint
: If it can borrow and save, then its budget constraint has a slope of −(1 + r) and passes through point A′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-13-c.svg</image:loc>
        <image:title>Consumption when households are weak-willed: An anticipated fall in income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-13-a.svg</image:loc>
        <image:title>The path of income
: The blue lines in the figure show that income follows the same path in both sets of households.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-13-b.svg</image:loc>
        <image:title>Consumption smoothing
: The red line in the top panel shows the consumption path for a consumption-smoothing household. When it receives news of the imminent fall in income, it immediately starts saving to supplement consumption when income falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-mcq-07.svg</image:loc>
        <image:title>The path of income for a household that receives news about an expected rise and fall in future income at the depicted times.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-14.svg</image:loc>
        <image:title>Investment in new technologies and the dotcom bubble (1991–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-15.svg</image:loc>
        <image:title>Negative expectations of future demand create a vicious circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-16.svg</image:loc>
        <image:title>Positive expectations of future demand create a virtuous circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-17.svg</image:loc>
        <image:title>Investment decisions as a coordination game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-18.svg</image:loc>
        <image:title>Investment and business confidence in the Eurozone (1996–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-19-a.svg</image:loc>
        <image:title>Growth rates of consumption, investment, and GDP in the UK and US, per cent per annum (1956–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-19-b.svg</image:loc>
        <image:title>Growth rates of consumption, investment, and GDP in Mexico and South Africa (1961–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-mcq-08.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-20-a.svg</image:loc>
        <image:title>UK GDP growth (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-20-b.svg</image:loc>
        <image:title>UK unemployment rate (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-20-c.svg</image:loc>
        <image:title>UK inflation rate (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-13-21.svg</image:loc>
        <image:title>Inflation levels and volatility in high- and low-income economies.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-08-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Les courbes d’offre de l’entreprise et du marché.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-02-header.jpg</image:loc>
        <image:title>Automated assembly process: Moreno Soppelsa/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-01.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1260 to 2000. The primary vertical axis shows the real wage index ranging from 0 to 800, set so that it equals 100 in 1850. The secondary vertical axis shows the UK population in millions, ranging from 0 to 60. There are two lines, one showing the population in Britain and the other showing the real wage. From 1260 to 1850, both the real wage index and the population fluctuated around fairly low levels of 100 and 5 million respectively, then increased dramatically over the next two centuries, reaching 700 and 60 million respectively by 2001.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-05.svg</image:loc>
        <image:title>Models come in many forms. You have seen three of them already in Figures 1.5, 1.8 and 1.12 in Unit 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-08.svg</image:loc>
        <image:title>Models come in many forms. You have seen three of them already in Figures 1.5, 1.8 and 1.12 in Unit 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-12.svg</image:loc>
        <image:title>Models come in many forms. You have seen three of them already in Figures 1.5, 1.8 and 1.12 in Unit 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-02.svg</image:loc>
        <image:title>Irving Fisher’s sketch of his hydraulic model of economic equilibrium (1891).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-f.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal. Technology E, the point (10, 1), uses 10 workers and 1 tonne of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-a.svg</image:loc>
        <image:title>Five technologies for producing 100 metres of cloth compared
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-b.svg</image:loc>
        <image:title>Technology A: energy-intensive
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal).  Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-c.svg</image:loc>
        <image:title>Technology B
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal).  Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-d.svg</image:loc>
        <image:title>Technology C
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal).  Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-03-e.svg</image:loc>
        <image:title>Technology D
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-04-d.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal. Technology E, the point (10, 1), uses 10 workers and 1 tonne of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-04-a.svg</image:loc>
        <image:title>Which technologies dominate others?
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal. Technology E, the point (10, 1), uses 10 workers and 1 tonne of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-04-b.svg</image:loc>
        <image:title>A dominates C
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal. Technology E, the point (10, 1), uses 10 workers and 1 tonne of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-04-c.svg</image:loc>
        <image:title>B dominates D
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Technology A, the point (1, 6), uses 1 worker and 6 tonnes of coal. Technology B, the point (4, 2), uses 4 workers and 2 tonnes of coal. Technology C, the point (3, 7), uses 3 workers and 7 tonnes of coal. Technology D, the point (5, 5), uses 5 workers and 5 tonnes of coal. Technology E, the point (10, 1), uses 10 workers and 1 tonne of coal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-g.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are four downward-sloping parallel lines, representing the isocosts for £40, £80, £120, and £150. The isocost for £40 connects the points (0, 2) and (4, 0). The isocost for £80 has four labelled points: the vertical intercept J at (0, 4), P1, at (2, 3), P2 at (6, 1), and the horizontal intercept H at (8, 0). The isocost for £120 connects the points (0, 6) and (12, 0). The isocost for £150 has two labelled points: Q1, with coordinates (3, 6), and Q2, with coordinates (5, 5).  The isocost for £150 has two labelled points: Q1, with coordinates (3, 6), and Q2, with coordinates (5, 5). The region above the isocost for £80 represents all points that cost more than £80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-a.svg</image:loc>
        <image:title>The total cost at P1
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Point P1, with coordinates (2, 3), costs £80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-b.svg</image:loc>
        <image:title>P2 also costs £80
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Point P1, with coordinates (2, 3), and point P2, with coordinates (6, 1), both cost £80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-c.svg</image:loc>
        <image:title>The isocost line for £80
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Point P1, with coordinates (2, 3), and point P2, with coordinates (6, 1), both cost £80. A downward-sloping straight line connecting both points is the isocost for £80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-d.svg</image:loc>
        <image:title>A higher isocost line
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two downward-sloping parallel lines, representing the isocosts for £80 and £150. The isocost for £80 has two labelled points: P1, with coordinates (2, 3), and P2, with coordinates (6, 1). The isocost for £150 has two labelled points: Q1, with coordinates (3, 6), and Q2, with coordinates (5, 5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-e.svg</image:loc>
        <image:title>More isocost lines
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are four downward-sloping parallel lines, representing the isocosts for £40, £80, £120, and £150. The isocost for £40 connects the points (0, 2) and (4, 0). The isocost for £80 has four labelled points: the vertical intercept J at (0, 4), P1, at (2, 3), P2 at (6, 1), and the horizontal intercept H at (8, 0). The isocost for £120 connects the points (0, 6) and (12, 0). The isocost for £150 has two labelled points: Q1, with coordinates (3, 6), and Q2, with coordinates (5, 5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-05-f.svg</image:loc>
        <image:title>The slope of every isocost line is: −(w/p)
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 15, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are four downward-sloping parallel lines, representing the isocosts for £40, £80, £120, and £150. The isocost for £40 connects the points (0, 2) and (4, 0). The isocost for £80 has four labelled points: the vertical intercept J at (0, 4), P1, at (2, 3), P2 at (6, 1), and the horizontal intercept H at (8, 0). The isocost for £120 connects the points (0, 6) and (12, 0). The isocost for £150 has two labelled points: Q1, with coordinates (3, 6), and Q2, with coordinates (5, 5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-06-d.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 7. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), B at (4, 2), and E at (10, 1). A downward-sloping line passing through point B and connecting the points J at (0, 4) and H at (8, 0) represents the isocost for £80. The region above the isocost represents all points that cost more than £80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-07-c.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), B at (4, 2), and E at (10, 1). A downward-sloping line, labelled FG, represents the isocost for £40 and connects the points G at (0, 8), A at (1, 6) and F at (4, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-07-a.svg</image:loc>
        <image:title>Technology A costs the least when coal is relatively cheap
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), B at (4, 2), and E at (10, 1).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-07-b.svg</image:loc>
        <image:title>The £40 isocost curve when w = 10 and p = 5
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), B at (4, 2), and E at (10, 1). A downward-sloping line, labelled FG, represents the isocost for £40 and connects the points G at (0, 8), A at (1, 6) and F at (4, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-08-c.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three downward-sloping lines, labelled JH, FG, and MN. Line HJ represents the isocost for £80 when the wage is £10 and coal costs £20 per tonne, and connects the points J at (0, 4), B at (4, 2), and H at (8, 0). Line FG represents the isocost for £40 when the wage is £10 and coal costs £5 per tonne, and connects the points G at (0, 8), A at (1, 6), and F at (4, 0). Line MN represents the isocost for £50 when the wage is £10 and coal costs £5 per tonne, and connects the points N at (10, 1), B at (4, 2), and M at (5, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-08-a.svg</image:loc>
        <image:title>At the original relative price, B is the lower cost technology
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). Line HJ represents the isocost for £80 when the wage is £10 and coal costs £20 per tonne, and connects the points J at (0, 4), B at (4, 2), and H at (8, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-08-b.svg</image:loc>
        <image:title>The price of coal falls to £5
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two downward-sloping lines, labelled HJ and FG. Line HJ represents the isocost for £80 when the wage is £10 and coal costs £20 per tonne, and connects the points J at (0, 4), B at (4, 2), and H at (8, 0). Line FG represents the isocost for £40 when the wage is £10 and coal costs £5 per tonne, and connects the points G at (0, 8), A at (1, 6), and F at (4, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/vimeo-75421736.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/01-joseph-schumpeter.jpg</image:loc>
        <image:title>Joseph Schumpeter</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-10.svg</image:loc>
        <image:title>In this bar chart, the horizontal axis shows 6 cities and the vertical axis shows the labourer’s daily wage in the early 1700s, measured relative to the price of 1 million British Thermal Units, which ranges from 0 to 5. The cities are ordered according to their relative wage: Newcastle has the highest relative wage, followed by London, Amsterdam, Strasbourg, Paris, and Beijing.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-11.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1580 to 1920, and the vertical axis shows the wage relative to the cost of capital. There are two lines, labelled England and France. From 1580 to 1640, the relative wages in England and France were similar and close to 1, but from 1640 onwards, the relative wage in England rose steadily to 1.7 in 1820 while it stayed fairly constant in France.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-12-c.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 13, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two points: A at (1, 6), and B at (4, 2). There are two sets of two downward-sloping lines each, representing isocosts. The first set, representing technology in the 1600s, consists of the line HJ connecting the points J at (0, 4), B at (4, 2), and H at (8, 0), and a higher-cost, parallel line passing through point A. The other set, representing technology in the 1700s, consists of the line FG connecting the points G at (0, 8), A at (1, 6), and F at (4, 0), and a higher-cost, parallel line passing through point B. At the relative price of labour in the 1600s, firms use technology B and there is no incentive to develop technology A because A costs more (it lies outside the line HJ). At the relative price of labour in the 1700s, the relative price of labour to coal is higher so technology A now costs less than technology B (B lies outside the line FG).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-12-a.svg</image:loc>
        <image:title>Technology in the 1600s
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 13, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two points: A at (1, 6), and B at (4, 2). There are two downward-sloping parallel lines, representing isocosts. One line, labelled HJ, connects the points J at (0, 4), B at (4, 2), and H at (8, 0). The other line passes through point A, is parallel to line HJ, and represents technologies that cost more than B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-12-b.svg</image:loc>
        <image:title>Technology in the 1700s
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 13, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two points: A at (1, 6), and B at (4, 2). There are two sets of two downward-sloping parallel lines each, representing isocosts. The first set, representing technology in the 1600s, consists of the line HJ connecting the points J at (0, 4), B at (4, 2), and H at (8, 0), and a higher-cost, parallel line passing through point A. The other set, representing technology in the 1700s, consists of the line FG connecting the points G at (0, 8), A at (1, 6), and F at (4, 0), and a higher-cost, parallel line passing through point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-vyNOWxprt4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-13-c.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), A-prime at (1, 3) and B at (4, 2). There are two downward-sloping lines, labelled HJ and FG. Line HJ represents the isocost for £80 and connects the points J at (0, 4), B at (4, 2), and H at (8, 0). Line FG represents the isocost for £40 and connects the points G at (0, 8), A at (1, 6), and F at (4, 0). The set of technologies that require 1 or more workers and 3 or more tonnes of coal, which includes point A, are dominated by point A-prime.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-13-a.svg</image:loc>
        <image:title>Energy- or labour-intensive?
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are two points: A at (1, 6), and B at (4, 2). There are two downward-sloping lines, labelled HJ and FG. Line HJ represents the isocost for £80 and connects the points J at (0, 4), B at (4, 2), and H at (8, 0). Line FG represents the isocost for £40 and connects the points G at (0, 8), A at (1, 6), and F at (4, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-13-b.svg</image:loc>
        <image:title>An improvement in technology
: In this diagram, the horizontal axis shows the number of workers, ranging from 1 to 10, and the vertical axis shows tonnes of coal, ranging from 1 to 10. Coordinates are (number of workers, tonnes of coal). There are three points: A at (1, 6), A-prime at (1, 3) and B at (4, 2). There are two downward-sloping lines, labelled HJ and FG. Line HJ represents the isocost for £80 and connects the points J at (0, 4), B at (4, 2), and H at (8, 0). Line FG represents the isocost for £40 and connects the points G at (0, 8), A at (1, 6), and F at (4, 0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-f.svg</image:loc>
        <image:title>In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through point A at (800, 500) represents the farmers’ production function, which shows how the number of farmers working the land translates into grain harvested. Another point on the production function is labelled B at (1600, 732). This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer.A line connecting (0, 0) to point B shows the average product of labour at point B, and a steeper line connecting (0, 0) to point A shows the average product of labour at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-a.svg</image:loc>
        <image:title>The farmers’ production function
: In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through the point (800, 500) represents the farmers’ production function. This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-b.svg</image:loc>
        <image:title>Output when there are 800 farmers
: In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through point A at (800, 500) represents the farmers’ production function, which shows how the number of farmers working the land translates into grain harvested. This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-c.svg</image:loc>
        <image:title>Output when there are 1,600 farmers
: In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through point A at (800, 500) represents the farmers’ production function, which shows how the number of farmers working the land translates into grain harvested. Another point on the production function is labelled B at (1600, 732). This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-d.svg</image:loc>
        <image:title>The average product diminishes
: In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through point A at (800, 500) represents the farmers’ production function, which shows how the number of farmers working the land translates into grain harvested. Another point on the production function is labelled B at (1600, 732). This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-14-b-e.svg</image:loc>
        <image:title>The slope of the ray is the average product
: In this diagram, the horizontal axis shows the number of farmers, ranging from 0 to 2,800, and the vertical axis show thousands of kilograms of grain produced, ranging from 0 to 900. Coordinates are (numbers of farmers, thousands of kilograms of grain produced). An upward-sloping curve starting at (0, 0) and passing through point A at (800, 500) represents the farmers’ production function, which shows how the number of farmers working the land translates into grain harvested. Another point on the production function is labelled B at (1600, 732). This curve is concave, meaning that the amount of grain produced increases as the number of farmers increases, but by a smaller amount for every additional farmer. A line connecting (0, 0) to point B shows the average product of labour at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-15.svg</image:loc>
        <image:title>This diagram shows the effect of an improvement in technology. Starting at the initial equilibrium, with subsistence-level incomes and a constant population, an improvement in technology causes average output per farmer to rise, which leads to a rise in farmers’ incomes and then an increase in the population. There is now less land per farmer, so average output per farmer falls, then farmers’ incomes fall, resulting in a new equilibrium with subsistence-level incomes and a higher population.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-16-e.svg</image:loc>
        <image:title>A Malthusian economy.
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Two points on this line are labelled: point A shows a medium population size and low subsistence wages, point B shows a low population size and high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. Point A-prime on this line shows that if the economy is at point A in diagram 1, population growth will be zero. Point B-prime on this line shows that if the economy is at point B in diagram 1, the population will be rising, which causes the real wage to fall until it reaches its initial level.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-16-a.svg</image:loc>
        <image:title>Left-hand diagram: How wages depend on the population level
: In this diagram, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Two points on this line are labelled: point A shows a medium population size and low subsistence wages, point B shows a low population size and high subsistence wages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-16-b.svg</image:loc>
        <image:title>Right-hand diagram: How population growth depends on living standards
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Two points on this line are labelled: point A shows a medium population size and low subsistence wages, point B shows a low population size and high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-16-c.svg</image:loc>
        <image:title>Linking the two diagrams
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Two points on this line are labelled: point A shows a medium population size and low subsistence wages, point B shows a low population size and high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. Point A-prime on this line shows that if the economy is at point A in diagram 1, population growth will be zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-16-d.svg</image:loc>
        <image:title>A lower population
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Two points on this line are labelled: point A shows a medium population size and low subsistence wages, point B shows a low population size and high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. Point A-prime on this line shows that if the economy is at point A in diagram 1, population growth will be zero. Point B-prime on this line shows that if the economy is at point B in diagram 1, the population will be rising.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-17-e.svg</image:loc>
        <image:title>Introduction of a new technology in a Malthusian economy.
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. There are two parallel downward-sloping lines. The first line shows the initial relationship between the real wage and population size, and passes through point A, which shows a medium population size and low subsistence wages. The second line shows the real wage after a new technology is introduced, and passes through two points: point D, which shows the same population size as point A but high subsistence wages, and point C, which shows the same wage as point A but a higher population. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. Points A-prime and C-prime coincide on this line and show that at the real wage in points A and C from diagram 1, the economy is in equilibrium, so population growth is zero. Point D-prime on the line in diagram 2 shows that if the economy is at point D in diagram 1, the population will be rising, so the real wage will be falling.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-17-a.svg</image:loc>
        <image:title>Initially the economy is in equilibrium
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. A downward-sloping line shows that the real wage decreases as the population increases. Point A on this line shows a medium population size and low subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. At the real wage in point A (from diagram 1), the economy is in equilibrium, so population growth is zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-17-b.svg</image:loc>
        <image:title>An advance in technology—wages rise
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. There are two parallel downward-sloping lines. The first line shows the initial relationship between the real wage and population size, and passes through point A, which shows a medium population size and low subsistence wages. The second line shows the real wage after a new technology is introduced, and passes through point D, which shows the same population size as point A but high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. At the real wage in point A (from diagram 1), the economy is in equilibrium, so population growth is zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-17-c.svg</image:loc>
        <image:title>Population begins to rise
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. There are two parallel downward-sloping lines. The first line shows the initial relationship between the real wage and population size, and passes through point A, which shows a medium population size and low subsistence wages. The second line shows the real wage after a new technology is introduced, and passes through point D, which shows the same population size as point A but high subsistence wages. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. At the real wage in point A from diagram 1, the economy is in equilibrium, so population growth is zero. Point D-prime on the line in diagram 2 shows that if the economy is at point D in diagram 1, the population will be rising.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-17-d.svg</image:loc>
        <image:title>Population increases
: There are two diagrams. In diagram 1, the horizontal axis shows population and the vertical axis shows the real wage. There are two parallel downward-sloping lines. The first line shows the initial relationship between the real wage and population size, and passes through point A, which shows a medium population size and low subsistence wages. The second line shows the real wage after a new technology is introduced, and passes through two points: point D, which shows the same population size as point A but high subsistence wages, and point C, which shows the same wage as point A but a higher population. In diagram 2, the horizontal axis shows population growth and the vertical axis shows the real wage. An upward-sloping line shows that when wages are low, population growth is negative, and when the real wage is high, population growth is positive. At the real wage in point A from diagram 1, the economy is in equilibrium, so population growth is zero. Point D-prime on the line in diagram 2 shows that if the economy is at point D in diagram 1, the population will be rising, so the real wage will be falling.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-18.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows population in millions, ranging from 2 to 6, and the vertical axis shows the real wage index ranging from 40 to 100 and normalised to equal 100 in the year 1860. From 1280 to 1600, there is a negative relationship between the population and the real wage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-g.svg</image:loc>
        <image:title>A Malthusian economy in England
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-g.svg</image:loc>
        <image:title>A Malthusian economy in England
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-a.svg</image:loc>
        <image:title>A Malthusian economy in England (1300–1600)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 2000 and the vertical axis shows the real wage index, ranging from 0 to 800 and normalised to equal 100 in the year 1850. The real wage remained fairly constant and close to 100 from 1300 to 1850, but rapidly increased afterwards, reaching 700 by the year 2000. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-a.svg</image:loc>
        <image:title>A Malthusian economy in England (1300–1600)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 2000 and the vertical axis shows the real wage index, ranging from 0 to 800 and normalised to equal 100 in the year 1850. The real wage remained fairly constant and close to 100 from 1300 to 1850, but rapidly increased afterwards, reaching 700 by the year 2000. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-b.svg</image:loc>
        <image:title>The Black Death (1348–50)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 2000 and the vertical axis shows the real wage index, ranging from 0 to 800 and normalised to equal 100 in the year 1850. The real wage remained fairly constant and close to 100 from 1300 to 1850, but rapidly increased afterwards, reaching 700 by the year 2000. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-b.svg</image:loc>
        <image:title>The Black Death (1348–50)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 2000 and the vertical axis shows the real wage index, ranging from 0 to 800 and normalised to equal 100 in the year 1850. The real wage remained fairly constant and close to 100 from 1300 to 1850, but rapidly increased afterwards, reaching 700 by the year 2000. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-c.svg</image:loc>
        <image:title>Wages rose following the plague
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. After the Black Death in 1347, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-c.svg</image:loc>
        <image:title>Wages rose following the plague
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. After the Black Death in 1347, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-d.svg</image:loc>
        <image:title>Farmers and workers used their power
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-d.svg</image:loc>
        <image:title>Farmers and workers used their power
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-e.svg</image:loc>
        <image:title>Population increased in the sixteenth century
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-e.svg</image:loc>
        <image:title>Population increased in the sixteenth century
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-a-f.svg</image:loc>
        <image:title>Malthusian stagnation (1350–1600)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-19-b-f.svg</image:loc>
        <image:title>Malthusian stagnation (1350–1600)
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years from 1300 to 1600 and the vertical axis shows the real wage index, ranging from 0 to 110 and normalised to equal 100 in the year 1850. From 1300-1347, the real wage fluctuated around 60. As a result of the Black Death in 1347, the 1351 Statute of Labourers, and the 1381 Peasant’s Revolt, the real wage increased to 100 by the early 1400s, but decreased to its initial levels by 1600. Diagram 2 is a flowchart that explains the effects of the Black Death. The Black Death in 1347 caused the population and labour supply to fall, which had two effects. First, there was more and better land per farmer, so average output per farmer rose. Second, the bargaining power of farmer and employees rose, which led to the Peasant’s Revolt. After the rise in average output and the Peasant’s Revolt, rural income and wages rose, causing the population and labour supply to rise. There were two results. First, there was less land per farmer, so average output per farmer fell. Second, the bargaining power of farmer and employees fell, so rural income and wages fell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-20.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows the population in millions, ranging from 0 to 20, and the vertical axis shows the real wage index, ranging from 40 to 100 and normalised to equal 100 in the year 1860. The economy was stuck in a Malthusian trap twice, the first time lasting from the 13th to the 16th century and the second time lasting throughout the 18th century. In the 19th century, the economy escaped from the Malthusian trap and experienced a sustained growth in the population and real wages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-f.svg</image:loc>
        <image:title>Escaping the Malthusian trap
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-f.svg</image:loc>
        <image:title>Escaping the Malthusian trap
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-a.svg</image:loc>
        <image:title>Escaping the Malthusian trap
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-a.svg</image:loc>
        <image:title>Escaping the Malthusian trap
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-b.svg</image:loc>
        <image:title>The permanent technological revolution
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-b.svg</image:loc>
        <image:title>The permanent technological revolution
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-c.svg</image:loc>
        <image:title>Urban unemployment
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-c.svg</image:loc>
        <image:title>Urban unemployment
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-d.svg</image:loc>
        <image:title>New opportunities
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-d.svg</image:loc>
        <image:title>New opportunities
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-a-e.svg</image:loc>
        <image:title>Workers’ bargaining power
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-02-21-b-e.svg</image:loc>
        <image:title>Workers’ bargaining power
: There are two diagrams. Diagram 1 is a line chart where the horizontal axis shows years, ranging from 1760 to 1930, and the vertical axis shows the real wage index and labour productivity index, both ranging from 0 to 400 and normalised to equal 100 in the year 1760. There are two lines, showing real wages and labour productivity. Both the real wage and labour productivity remain fairly constant around 100 from 1760 to 1810, and steadily rise afterwards to reach values of 350 and 180 in 1910, respectively. Two points on the real wage line are labelled: the invention of Hargreaves’ spinning jenny in 1764, and the invention of Watt’s steam engine in 1781. Diagram 2 is a flowchart showing the effects of technological improvement. The Industrial Revolution had two effects. First, it led to more and better capital goods per worker, so average output per worker rose. Second, it displaced workers, so the bargaining power of workers fell, which kept wages from rising. The increase in average output per worker and suppressed wages resulted in higher profits, leading to expansions of factory production and an increased demand for labour. Higher demand for labour, combined with the extension of the right to vote, and restrictions on factory hours and employing women and children, increased the bargaining power of workers, causing wages to rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-iEHQR1fG0_g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/06.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-06-header.jpg</image:loc>
        <image:title>L'industria di Detroit, Murales di Diego Rivera: Art Directors and TRIP/Alamy Stock Photo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/06-herbert-simon.jpg</image:loc>
        <image:title>Herbert Simon</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-01-c.jpg</image:loc>
        <image:title>Gli attori dell’impresa e le sue strutture decisionali e informative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-01-a.jpg</image:loc>
        <image:title>I proprietari decidono la strategia di lungo periodo
: I proprietari, attraverso il Consiglio d’Amministrazione, decidono la strategia di lungo periodo dell’impresa che riguarda come, cosa, e dove produrre. Possono poi ordinare ai manager di attuare queste decisioni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-01-b.jpg</image:loc>
        <image:title>I manager distribuiscono i compiti ai lavoratori
: I manager distribuiscono ai lavoratori i compiti che devono svolgere per attuare le decisioni dei proprietari, si assicurano anche che questi compiti vengano portati a termine.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/06-karl-marx.jpg</image:loc>
        <image:title>John Mayall, dominio pubblico, via Wikimedia Commons</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-g.jpg</image:loc>
        <image:title>La rendita da occupazione di Maria quando il salario orario è di 12 $, in un’economia senza sussidio di disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-a.jpg</image:loc>
        <image:title>Il salario di Maria
: Il salario orario di Maria, dopo le imposte e le altre deduzioni, è di 12 $. A partire da ora (il tempo 0), mantenendo il lavoro ella continuerà a ricevere questo salario, come indicato dalla linea orizzontale nella figura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-b.jpg</image:loc>
        <image:title>La disutilità del lavoro
: Il livello di impegno di Maria al momento è 0,5: si distrae in attività non legate al lavoro per metà del tempo che passa in ufficio. Aumentare l’impegno ha per lei un costo orario equivalente di 2 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-c.jpg</image:loc>
        <image:title>Il beneficio netto di lavorare
: La differenza tra il salario e la disutilità dell’impegno è la rendita oraria che Maria riceve mentre è impiegata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-d.jpg</image:loc>
        <image:title>Se Maria perdesse il lavoro
: Se Maria dovesse invece perdere il lavoro al tempo 0, non riceverebbe più alcun salario. Questa situazione proseguirebbe per tutto il tempo in cui resta disoccupata, come indicato dalla linea orizzontale nella parte bassa della figura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-e.jpg</image:loc>
        <image:title>La durata della disoccupazione
: Supponiamo che la durata attesa della disoccupazione sia di 44 settimane, durante le quali Maria avrebbe potuto lavorare 35 ore per settimana. Per tutto questo periodo rimarrà senza stipendio (e senza disutilità del lavoro).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-02-f.jpg</image:loc>
        <image:title>Maria trova un lavoro
: Maria si aspetta di trovare un altro lavoro con lo stesso stipendio dopo 44 settimane (o 44 × 35 = 1540 ore).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-03.jpg</image:loc>
        <image:title>La rendita da occupazione di Maria per un dato livello di impegno e un salario di 12 $ in un’economia con un sussidio di disoccupazione di durata limitata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-g.jpg</image:loc>
        <image:title>La risposta ottima di Maria al salario (il punto J si riferisce ai dati della figura 6.3: salario 12 $, impegno 0,5, durata attesa della disoccupazione di 44 settimane).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-a.jpg</image:loc>
        <image:title>Impegno orario
: L’impegno orario, misurato sull’asse verticale, varia tra zero e uno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-b.jpg</image:loc>
        <image:title>La relazione tra impegno e salario
: Se Maria è pagata 6 $ non le interessa mantenere il posto di lavoro, perché 6 $ è il suo salario di riserva. Perciò a quel salario non mette nessun impegno in quel che fa: se venisse pagata di più, si impegnerebbe di più.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-c.jpg</image:loc>
        <image:title>La risposta ottima del lavoratore
: La curva crescente mostra qual è l’impegno del lavoratore per ciascun valore del salario orario (misurato sull’asse orizzontale).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-d.jpg</image:loc>
        <image:title>L’effetto di un aumento di salario quando il livello di impegno è basso
: Quando il salario è basso, la curva di risposta ottima è ripida: un aumento minimo di salario aumenta di molto il livello di impegno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-e.jpg</image:loc>
        <image:title>Rendimenti marginali decrescenti
: Tuttavia, per livelli più alti di salario, l’effetto di ulteriori aumenti del salario sull’impegno è via via minore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-04-f.jpg</image:loc>
        <image:title>L’insieme possibile per il principale
: La curva di risposta ottima del lavoratore è la frontiera dell’insieme di tutte le combinazioni possibili di salario e impegno; tale frontiera rappresenta il vincolo per la scelta del principale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-05-e.jpg</image:loc>
        <image:title>Le curve di indifferenza del principale: le rette di isocosto per l’impegno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-05-a.jpg</image:loc>
        <image:title>Una curva di isocosto per l’impegno
: Se w = 10 $ e e = 0,45, e/w = 0,045.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-05-b.jpg</image:loc>
        <image:title>La pendenza dell’isocosto
: In ogni punto su questa retta il rapporto tra impegno e salario è costante. Il costo di ogni unità di impegno è w/e = 22,22 $. La retta è crescente perché, per mantenere costante il rapporto e/w, un maggiore livello di impegno deve essere accompagnato da un maggiore salario. La pendenza è uguale a e/w = 0,045, la quantità di impegno per dollaro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-05-c.jpg</image:loc>
        <image:title>Altri isocosti
: Lungo una retta di isocosto con pendenza e/w il costo dell’impegno è w/e. Maggiore è la pendenza della retta di isocosto minore è il costo dell’impegno, e viceversa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-05-d.jpg</image:loc>
        <image:title>Il principale preferisce rette di isocosto più ripide
: Una retta di isocosto più ripido significa un costo minore per unità di impegno e quindi profitti maggiori per il principale. Lungo la retta di isocosto con pendenza massima questi ottiene 0,7 unità di impegno per un salario di 10 $ (punto B) quindi il costo unitario dell’impegno è 10 $/0,7=14,29 $. Lungo la retta di isocosto intermedia il principale riceve solo 0,45 unità di impegno per lo stesso salario, per cui il costo unitario dell’impegno è 22,22 $ e i profitti sono più bassi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-f.jpg</image:loc>
        <image:title>Il salario che minimizza il costo dell’impegno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-a.jpg</image:loc>
        <image:title>Minimizzare il costo dell’impegno
: Per massimizzare i profitti, il proprietario vuole ottenere l’impegno dei lavoratori al costo minimo. Cercherà di collocarsi sull’isocosto più ripido ma, non potendo imporre il livello di impegno, dovrà scegliere un punto sulla curva di risposta ottima del lavoratore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-b.jpg</image:loc>
        <image:title>C non è il punto che minimizza i costi
: C non è un punto ottimale: aumentando il salario egli otterrebbe un rapporto più basso tra salario e impegno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-c.jpg</image:loc>
        <image:title>Il punto migliore per il principale è A
: Il risultato migliore che il principale può ottenere è il punto di tangenza tra la retta di isocosto più ripida e la curva di risposta ottima del lavoratore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-d.jpg</image:loc>
        <image:title>SMS = SMT
: In questo punto, il saggio marginale di sostituzione (la pendenza della retta di isocosto) è uguale al saggio marginale di trasformazione del salario in impegno (la pendenza della funzione di risposta ottima).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-06-e.jpg</image:loc>
        <image:title>Il punto B
: I punti sulle rette di isocosto ancora più ripide, come B, avrebbero un costo minore per il principale, ma non sono raggiungibili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-07-d.jpg</image:loc>
        <image:title>La curva di risposta ottima dipende dal livello del tasso disoccupazione e dal sussidio di disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-07-a.jpg</image:loc>
        <image:title>Lo status quo
: La posizione della curva di risposta ottima dipende dal livello del salario di riserva. Essa incrocia l’asse orizzontale in corrispondenza di tale livello.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-07-b.jpg</image:loc>
        <image:title>L’effetto del sussidio di disoccupazione
: Un aumento del sussidio di disoccupazione fa aumentare il salario di riserva e trasla la curva di risposta ottima del lavoratore verso destra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-06-07-c.jpg</image:loc>
        <image:title>Un aumento del tasso di disoccupazione
: Se aumenta il tasso di disoccupazione, aumenta anche la durata attesa del periodo di disoccupazione. Perciò il salario di riserva del lavoratore diminuisce e la curva di risposta ottima si sposta a sinistra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/06-john-stuart-mill.jpg</image:loc>
        <image:title>John Stuart Mill</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-01-header.jpg</image:loc>
        <image:title>Shinjuku, Tokyo nightlife: Kevin Poh, https://goo.gl/kgS4Zi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-a.jpg</image:loc>
        <image:title>El palo de hockey de la historia: Producto Interno Bruto per cápita en cinco países (1000–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-KMHaT_WUF54.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-c.jpg</image:loc>
        <image:title>World income distribution in 2014
: Los países se clasifican de menor a mayor PIB per cápita de izquierda a derecha. Para cada país, la altura de las barras muestra el promedio de ingresos para los diferentes deciles de la población, desde el 10% más pobre al frente, hasta el 10% más rico al fondo. El ancho de la barra indica la población del país.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-d.jpg</image:loc>
        <image:title>World income distribution in 2014
: Los países se clasifican de menor a mayor PIB per cápita de izquierda a derecha. Para cada país, la altura de las barras muestra el promedio de ingresos para los diferentes deciles de la población, desde el 10% más pobre al frente, hasta el 10% más rico al fondo. El ancho de la barra indica la población del país.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>World income distribution in 2014
: Los países se clasifican de menor a mayor PIB per cápita de izquierda a derecha. Para cada país, la altura de las barras muestra el promedio de ingresos para los diferentes deciles de la población, desde el 10% más pobre al frente, hasta el 10% más rico al fondo. El ancho de la barra indica la población del país.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-a.jpg</image:loc>
        <image:title>Los más ricos y los más pobres
: En Singapur, el país más rico que se encuentra en el extremo derecho del gráfico, el promedio de ingresos del 10% más rico y el 10% más pobre es de 67 436 dólares y 3652 dólares, respectivamente. En Liberia, el país en el extremo izquierdo, los ingresos correspondientes al 10% superior e inferior son 994 dólares y 17 dólares, respectivamente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-b.jpg</image:loc>
        <image:title>Rascacielos
: Las barras de rascacielos en el extremo posterior derecho del gráfico corresponden al 10% más rico de algunos de los países más ricos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-02-f.jpg</image:loc>
        <image:title>Desigualdad creciente dentro de los países
: Las distribuciones de ingresos se han vuelto más desiguales en muchos de los países más ricos; es decir, han aparecido algunos rascacielos muy altos. También en los países de ingresos medios hay un aumento en la parte  posterior de la figura: los ingresos del 10% más rico ahora son altos en relación con el resto de la población.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/hockey-stick.jpg</image:loc>
        <image:title>A *hockey* stick is mostly straight, with a sharp upwards curve towards the end.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-f.jpg</image:loc>
        <image:title>El palo de hockey de la historia: niveles de vida en cinco países (1000–2015) usando la escala semilogarítmica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-a.jpg</image:loc>
        <image:title>Antes de 1800 tenemos menos datos
: Para el periodo previo a 1800 tenemos menos información sobre el PIB per cápita, lo que explica que haya menos puntos de datos en esa parte de la figura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-b.jpg</image:loc>
        <image:title>Se dibuja una línea a través de los puntos de datos
: Se han unido con líneas rectas los puntos de datos de cada país que se mostraban en el paso anterior. Antes de 1800 no podemos ver cómo cambian los niveles de vida de un año a otro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-c.jpg</image:loc>
        <image:title>Reino Unido
: El quiebre del palo de hockey es menos marcado en el caso de Reino Unido en donde el crecimiento se aceleró hacia 1650.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-d.jpg</image:loc>
        <image:title>Japón
: En Japón, el quiebre del palo de hockey es más marcado y ocurre alrededor de 1870.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-01-b-e.jpg</image:loc>
        <image:title>China e India
: El quiebre para China e India ocurrió en la segunda mitad del siglo XX. El PIB per cápita cayó en la India durante la era colonial británica. Puede verse además que esto también es cierto en el caso de China durante el mismo periodo, en el que las naciones europeas lograron dominar la política y la economía chinas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/01-adam-smith.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-03.jpg</image:loc>
        <image:title>La productividad del trabajo en la producción de luz.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-04.jpg</image:loc>
        <image:title>La velocidad con que viajaba la información (1000–1865).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-05.jpg</image:loc>
        <image:title>La economía es parte de la sociedad, que a su vez es parte de la biosfera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-06-a.jpg</image:loc>
        <image:title>Dióxido de carbono en la atmósfera (1010–2010) y emisiones globales de carbono por uso de combustibles fósiles (1750–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-06-b.jpg</image:loc>
        <image:title>Temperaturas en el hemisferio norte a largo plazo (1000–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-07.jpg</image:loc>
        <image:title>Mención de la palabra «capitalismo» en artículos del New York Times (1851–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-08.jpg</image:loc>
        <image:title>Capitalismo: Propiedad privada, mercados y empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-10.jpg</image:loc>
        <image:title>Las dos Alemanias: Planificación central y capitalismo (1950–1989).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-11.jpg</image:loc>
        <image:title>Divergencias en el PIB per cápita entre países que han llegado rezagados a la revolución capitalista (1928–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-12.jpg</image:loc>
        <image:title>Un modelo de la economía: hogares y empresas.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-22-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-09.jpg</image:loc>
        <image:title>Elección del nivel de impuestos en condiciones más o menos competitivas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-03-01-02.jpg</image:loc>
        <image:title>Los efectos sustitución y renta de un aumento de la competencia política.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-07-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-f.svg</image:loc>
        <image:title>Isoprofit curves for Apple Cinnamon Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-f.svg</image:loc>
        <image:title>Isoprofit curves for Beautiful Cars.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/09.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-09-header.jpg</image:loc>
        <image:title>Construction workers: United States of America MCSN Rob Aylward/U.S. Navy</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-01-b.svg</image:loc>
        <image:title>Real weekly earnings for males in Western Australia (left axis), world price of iron-ore and unemployment rate in Australia (right axis), (1989–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-01-a.svg</image:loc>
        <image:title>Weekly earnings
: The chart shows real weekly earnings for males in Western Australia, together with the world price of iron-ore in the top panel and the unemployment rate in Australia in the bottom panel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-02.svg</image:loc>
        <image:title>The labour market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-04-c.svg</image:loc>
        <image:title>The wage-setting curve: Labour discipline and unemployment in the economy as a whole.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-04-a.svg</image:loc>
        <image:title>The wage-setting curve
: The upward-sloping line is called the wage-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-04-b.svg</image:loc>
        <image:title>The profit-maximizing wage when unemployment is high
: At 12% unemployment in the economy, the employee’s reservation wage is low and the worker will put in a high level of effort for a relatively low wage. The firm’s profit-maximizing wage is therefore low.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-05.svg</image:loc>
        <image:title>Deriving the wage-setting curve: Varying the unemployment rate in the economy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-06.svg</image:loc>
        <image:title>A wage-setting curve estimated for the US economy (1979–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-07.svg</image:loc>
        <image:title>The wage-setting curve: The wage level required to make employees work rather than shirk.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-09-b.svg</image:loc>
        <image:title>The firm’s profit-maximizing choice of price, quantity, and employment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-09-a.svg</image:loc>
        <image:title>Maximum profits
: The maximum profits occur at point B where firm’s the demand curve is tangent to an isoprofit curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-10.svg</image:loc>
        <image:title>The price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-11-d.svg</image:loc>
        <image:title>The price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-11-a.svg</image:loc>
        <image:title>Point A
: Point A is above the price-setting curve, which means that the real wage is higher than is consistent with a firm’s profit maximizing markup. If the real wage is too high, it means the markup is too low.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-11-b.svg</image:loc>
        <image:title>Point B
: The firm will raise its price so as to move towards higher profits at point B. The increased price will mean that fewer goods are sold, and as this is true of all firms, total employment falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-11-c.svg</image:loc>
        <image:title>Point C
: Below the price-setting curve, at a point like C, firms lower their prices and hire more people.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-mcq-05.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-12.svg</image:loc>
        <image:title>Equilibrium in the labour market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-13-c.svg</image:loc>
        <image:title>Equilibrium and demand-deficient (cyclical) unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-13-a.svg</image:loc>
        <image:title>Point X
: At X, unemployment is at its labour market equilibrium level. Someone losing a job at X is not indifferent between being employed and unemployed because that person experiences a cost of losing the job.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-13-b.svg</image:loc>
        <image:title>Point B
: At B, there are additional people looking for work who are also involuntarily unemployed. The additional unemployment at B is due to low aggregate demand and is called demand-deficient, or cyclical, unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-14-c.svg</image:loc>
        <image:title>A firm raises output and employment following a cut in wages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-14-a.svg</image:loc>
        <image:title>The new isoprofit curve
: The new (lower wage) isoprofit curve passing through the original point B is now steeper than the demand curve, so the firm can do better by lowering its price and moving down the demand curve, selling more.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-14-b.svg</image:loc>
        <image:title>Maximum profits
: It will continue doing this until it reaches a point on the demand curve where one of the new darker blue isoprofit curves is tangent to the demand curve. The firm maximizes profits at point X.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-15-b.svg</image:loc>
        <image:title>A firm raises output and employment following an increase in demand as a result of monetary or fiscal policy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-15-a.svg</image:loc>
        <image:title>Before the increase in demand
: As before, the firm begins at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-16-a.svg</image:loc>
        <image:title>The firm: Adjustment to equilibrium unemployment at X via fiscal or monetary policy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-16-b.svg</image:loc>
        <image:title>The firm: Adjustment to equilibrium unemployment at X via wage and price cuts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-16-c.svg</image:loc>
        <image:title>Aggregate labour market: cyclical and equilibrium unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-17.svg</image:loc>
        <image:title>The distribution of income at labour market equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-18-c.svg</image:loc>
        <image:title>The effect of an increase in the extent of competition faced by firms: The price-setting curve shifts up and inequality falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-18-a.svg</image:loc>
        <image:title>The initial equilibrium
: We start from the equilibrium at A with a Gini coefficient of 0.36. Suppose that the degree of competition faced by firms is increased.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-18-b.svg</image:loc>
        <image:title>A new equilibrium
: The markup charged by firms in the market will decrease, and so the price-setting curve will be higher. The new equilibrium is at B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-einstein.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-g.svg</image:loc>
        <image:title>The effect of immigration on unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-a.svg</image:loc>
        <image:title>The initial situation
: The economy starts at point A, employing 4 million workers at a wage of $20 per hour and a labour force of 5 million.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-b.svg</image:loc>
        <image:title>One million workers are unemployed
: This is shown by the distance U.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-c.svg</image:loc>
        <image:title>Immigrant workers join the labour force
: This increases the labour force from 5 million to 5.5 million workers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-d.svg</image:loc>
        <image:title>The wage-setting curve shifts downward
: At any level of employment there are now more unemployed workers. The rise in unemployment to 1.5 million is shown by distance U′. The threat of job loss is greater and firms can secure effort from the workforce at a lower wage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-e.svg</image:loc>
        <image:title>Firms lower the wage
: The wage is now set at point B on the wage-setting curve in the figure, with the wage at $13 an hour and employment still at 4 million.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-19-f.svg</image:loc>
        <image:title>Profits rise
: This causes firms to hire more workers, which requires rising wages along the wage-setting curve. The labour market moves from point B to point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-20.svg</image:loc>
        <image:title>Share of employees whose wages are covered by collective bargaining agreements (early 2010s).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-21-c.svg</image:loc>
        <image:title>The union sets the firm’s wage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-21-a.svg</image:loc>
        <image:title>The employer sets the wage
: At point A, the employer sets the wage that maximizes profits at the point of tangency of the isocost line and the best response function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-21-b.svg</image:loc>
        <image:title>The union sets the wage instead
: If the union sets the wage, it will be higher than that preferred by the employer, and effort levels correspondingly higher …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-22.svg</image:loc>
        <image:title>The bargained wage-setting curve when there is no union voice effect.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-23.svg</image:loc>
        <image:title>Collective wage bargaining coverage and unemployment across the OECD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-24-c.svg</image:loc>
        <image:title>Union sets the firm’s wage and employees reciprocate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-24-a.svg</image:loc>
        <image:title>The employer sets the wage
: At point A, the employer sets the wage that maximizes profits at the point of tangency of the isocost line and the best response curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-24-b.svg</image:loc>
        <image:title>The employer recognizes a trade union
: If the employees interpret the employer’s recognition of the trade union, and its willingness to compromise with them over a higher wage, as a sign of goodwill, the best response curve shifts up.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-25.svg</image:loc>
        <image:title>The bargained wage-setting curve and labour market equilibrium when there is a union voice effect.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-26-d.svg</image:loc>
        <image:title>Deriving the wage-setting curve: Varying the unemployment benefit level in the economy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-26-a.svg</image:loc>
        <image:title>The firm sets the wage
: When unemployment is 12%, and the unemployment benefit is low, the firm sets the wage at point A in the upper panel, which corresponds to point A in the lower panel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-09-26-c.svg</image:loc>
        <image:title>Higher unemployment benefit
: There is a new wage-setting curve, which goes through point C.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-12-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Verottamalla Pareto-tehokkuuteen.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-07-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>Las funciones de costo total, medio y marginal de Autos Hermosos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/0-4-preface.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/preface-camila-cea.jpg</image:loc>
        <image:title>Camila Cea
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-12.jpg</image:loc>
        <image:title>Nuage de mots mettant en exergue les inégalités
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-07-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-04-f.jpg</image:loc>
        <image:title>Curvas isobeneficio para los Cheerios de manzana y canela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Curvas de isobeneficio para Autos Hermosos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-02-header.jpg</image:loc>
        <image:title>Automated assembly process: Moreno Soppelsa/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-01.jpg</image:loc>
        <image:title>Reaalipalkat 700 vuoden ajalta. Käsityöläisten (ammattitaitoisten työntekijöiden) palkat Lontoossa 1264–2001 ja Britannian väkiluku.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-05.jpg</image:loc>
        <image:title>Malleja on monenlaisia. Nämä kolme esittelimme luvun 1 kuvioissa 1.5, 1.8 ja 1.12.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-08.jpg</image:loc>
        <image:title>Malleja on monenlaisia. Nämä kolme esittelimme luvun 1 kuvioissa 1.5, 1.8 ja 1.12.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-12.jpg</image:loc>
        <image:title>Malleja on monenlaisia. Nämä kolme esittelimme luvun 1 kuvioissa 1.5, 1.8 ja 1.12.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-02.jpg</image:loc>
        <image:title>Irving Fisherin kaaviokuva talouden tasapainotilan hydraulisesta mallista vuodelta 1891.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-f.jpg</image:loc>
        <image:title>Verkateknologioita tuotantopanoksineen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-a.jpg</image:loc>
        <image:title>Verkateknologioita tuotantopanoksineen.
: Taulukossa esitellään viisi teknologiaa, joita tässä luvussa tarkastellaan. Teknologioiden käyttämät työn ja kivihiilen määrät vaihtelevat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-b.jpg</image:loc>
        <image:title>Teknologia A: energiavaltainen
: Teknologia A on energiavaltaisin: se käyttää yhden työntekijän työpanoksen ja kuusi tonnia kivihiiltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-c.jpg</image:loc>
        <image:title>Teknologia B
: Teknologia B käyttää neljän työntekijän työpanoksen ja kaksi tonnia kivihiiltä. Se on työvoimavaltaisempi kuin teknologia A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-d.jpg</image:loc>
        <image:title>Teknologia C
: Teknologia C käyttää kolmen työntekijän työpanoksen ja seitsemän tonnia kivihiiltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-03-e.jpg</image:loc>
        <image:title>Teknologia D
: Teknologia D käyttää viiden työntekijän työpanoksen ja viisi tonnia kivihiiltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-04-d.jpg</image:loc>
        <image:title>Teknologia A dominoi teknologiaa C ja B dominoi teknologiaa D. Teknologia E ei dominoi muita vaihtoehtoja. Tiedämme tämän, koska yksikään neljästä muusta teknologiasta ei ole pisteen E yläpuolelle ja oikealle jäävällä alueella.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-04-a.jpg</image:loc>
        <image:title>Mitkä teknologiat dominoivat muita?
: Sadan verkametrin tuottamiseen käytettäviä teknologioita kuvaavat pisteet A–E. Kuvion avulla voi osoittaa, mitkä teknologiat dominoivat muita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-04-b.jpg</image:loc>
        <image:title>Teknologia A dominoi teknologiaa C
: Teknologia A dominoi selvästi teknologiaa C: saman määrän verkaa voi valmistaa teknologialla A käyttämällä vähemmän työtä ja energiaa. Tämä tarkoittaa, että aina kun A on valittavissa, C on dominoitu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-04-c.jpg</image:loc>
        <image:title>Teknologia B dominoi teknologiaa D
: Teknologia B dominoi teknologiaa D: saman määrän verkaa voi valmistaa teknologialla B käyttämällä vähemmän työtä ja energiaa. Huomaa, että B dominoi kaikkia niitä teknologioita, jotka ovat varjostetulla alueella pisteen B yläpuolella ja oikealla puolella.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-g.jpg</image:loc>
        <image:title>Jos katsotaan 80 punnan samakustannussuoraa, nähdään, että viivan yläpuolisissa pisteissä kokonaiskustannus on yli 80 puntaa ja alapuolisissa alle sen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-a.jpg</image:loc>
        <image:title>Kokonaiskustannukset pisteessä P1
: Kahden työntekijän ja kolmen hiilitonnin kokonaiskustannus on (2 × 10) + (3 × 20) = 80 puntaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-b.jpg</image:loc>
        <image:title>Myös pisteessä P2 kustannus on 80 puntaa
: Jos yritys lisää työntekijöiden lukumäärää kuuteen (työn kustannus on 60 puntaa) mutta vähentää kivihiilen käyttöä yhteen tonniin, kokonaiskustannus on edelleen 80 puntaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-c.jpg</image:loc>
        <image:title>80 punnan samakustannussuora
: Pisteet P1 ja P2 yhdistävä suora yhdistää kaikki pisteet, joissa kokonaiskustannus on 80 puntaa. Sitä sanotaan samakustannussuoraksi. Suoran piirtämiseksi on oletettava, että työntekijöitä ja kivihiiltä voi ostaa myös vajaina yksikköinä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-d.jpg</image:loc>
        <image:title>Ylempi samakustannussuora
: Pisteessä Q1 (kolme työntekijää, kuusi tonnia kivihiiltä) kokonaiskustannus on 150 puntaa. 150 punnan samakustannussuoran piirtämiseksi tarvitaan toinen piste, jossa kustannus on 150 puntaa: jos työntekijöitä palkataan vielä kaksi, kivihiilipanoksesta tulisi vähentää tonni, jotta kustannus pysyy 150 punnassa. Näin saadaan piste Q2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-e.jpg</image:loc>
        <image:title>Lisää samakustannussuoria
: Samakustannussuoria voi piirtää muidenkin kaavion pisteiden kautta. Jos panosten hinnat ovat kiinteitä, samakustannussuorat ovat yhdensuuntaisia. Suoran voi piirtää helpoiten etsimällä päätepisteet: esimerkiksi 80 punnan suora yhdistää pisteet J ja H. Pisteessä J yrityksellä on neljä tonnia kivihiiltä eikä yhtään työntekijää, pisteessä H on kahdeksan työntekijää eikä yhtään kivihiiltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-05-f.jpg</image:loc>
        <image:title>Samakustannussuoran kulmakerroin on −(w/p)
: Samakustannussuorien kulmakerroin on negatiivinen, koska ne ovat laskevia. Tässä tapauksessa kulmakerroin on –0,5: jos yritys palkkaa yhden lisätyöntekijän kymmenellä punnalla ja vähentää kivihiilen määrää puoli tonnia (jolloin se säästää kymmenen puntaa), kokonaiskustannus säilyy ennallaan. Kulmakerroin on −(w/p), palkka jaettuna kivihiilen hinnalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-06-d.jpg</image:loc>
        <image:title>Sadan verkametrin tuotantokustannukset eri teknologioilla: työn suhteellinen hinta pieni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-07-c.jpg</image:loc>
        <image:title>Samakustannussuoran kulmakerroin saadaan laskemalla työn suhteellinen hinta. Se on –(10/5) = −2. Jos yritys käyttää kymmenen puntaa palkkaamalla ylimääräisen työntekijän, se voi käyttää hiiltä kaksi tonnia aikaisempaa vähemmän ja pitää kokonaiskustannukset 40 punnassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-07-a.jpg</image:loc>
        <image:title>Teknologia A on halvin silloin kun kivihiili on suhteellisen halpaa
: Sadan verkametrin tuotantokustannukset eri teknologioilla: suuri suhteellinen työn hinta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-07-b.jpg</image:loc>
        <image:title>40 punnan samakustannussuora, kun w = 10 ja p = 5
: Sadan verkametrin tuotantokustannukset eri teknologioilla: suuri suhteellinen työn hinta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-08-c.jpg</image:loc>
        <image:title>Uusilla suhteellisilla hinnoilla teknologia B on samakustannussuoralla MN, jolla kustannus on 50 puntaa. Vaihtaminen teknologiaan A on edullisempaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-08-a.jpg</image:loc>
        <image:title>Alkuperäisellä suhteellisella hinnalla B on edullisin teknologia
: Sadan verkametrin tuotantokustannukset eri teknologioilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-08-b.jpg</image:loc>
        <image:title>Kivihiilen hinta laskee viiteen puntaan.
: Sadan verkametrin tuotantokustannukset eri teknologioilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/vimeo-75421736.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/01-joseph-schumpeter.jpg</image:loc>
        <image:title>Joseph Schumpeter</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-10.jpg</image:loc>
        <image:title>Energian hintaan suhteutetut palkat 1700-luvun alussa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-11.jpg</image:loc>
        <image:title>Investointihyödykkeiden kustannuksiin suhteutetut palkat 1500-luvun lopulta 1800-luvun alkuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-12-c.jpg</image:loc>
        <image:title>Sadan verkametrin tuotantokustannukset eri teknologioilla Isossa-Britanniassa 1600- ja 1700-luvuilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-12-a.jpg</image:loc>
        <image:title>1600-luvun teknologia
: 1600-luvun suhteellisia hintoja kuvaa samakustannussuora HJ. Tuotannossa käytettiin teknologiaa B. Suhteelliset hinnat eivät kannustaneet kehittämään teknologiaa A, sillä se jää samakustannussuoran HJ ulkopuolelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-12-b.jpg</image:loc>
        <image:title>1700-luvun teknologia
: 1700-luvulla samakustannussuorat (kuviossa suora FG) muuttuivat jyrkemmiksi, koska työn kustannukset kasvoivat suhteessa kivihiilen hintaan. Työ kallistui suhteellisesti niin paljon, että teknologia A tuli edullisemmaksi kuin B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-vyNOWxprt4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-13-c.jpg</image:loc>
        <image:title>Uusi teknologia A′ on edullisempi kuin A ja B yhtä lailla suhteellisen korkeiden palkkojen maissa (samakustannussuora FG) kuin matalien palkkojen ja kalliin energian maissa (samakustannussuora HJ). Teknologia A′ säästää sekä työtä että energiaa. Se jää suorien FG ja HJ alapuolelle, joten molemmat maat siirtyvät siihen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-13-a.jpg</image:loc>
        <image:title>Energia- vai työvoimavaltainen teknologia?
: Jos työn suhteellinen hinta on korkea, teknologioista parempi on energiavaltainen A. Jos työn suhteellinen hinta on matala, työvoimavaltainen B on parempi vaihtoehto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-13-b.jpg</image:loc>
        <image:title>Teknologia kehittyy
: Tekstiilintuottajat investoivat ja kehittävät uuden teknologian A′. Se kuluttaa sadan verkametrin valmistuksessa puolet vähemmän energiaa työntekijää kohti kuin edeltäjänsä. Uusi teknologia dominoi teknologiaa A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>Viljelijöiden tuotantofunktio: työn laskeva keskituotos
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-a.jpg</image:loc>
        <image:title>Viljelijöiden tuotantofunktio
: Tuotantofunktio kuvaa, miten viljasato kasvukauden lopussa riippuu tiloja hoitavien viljelijöiden määrästä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-b.jpg</image:loc>
        <image:title>800 viljelijän tuotos
: Tuotantofunktion piste A kertoo viljatuotoksen, kun viljelijöitä on 800.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-c.jpg</image:loc>
        <image:title>1 600 viljelijän tuotos
: Tuotantofunktion piste B kertoo viljatuotoksen, kun viljelijöitä on 1 600.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-d.jpg</image:loc>
        <image:title>Keskituotos pienenee
: Pisteessä A työn keskituotos on 500 000 ÷ 800 = 625 kg viljelijää kohti. Pisteessä B työn keskituotos on 732 000 ÷ 1 600 = 458 kg viljelijää kohti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-14-b-e.jpg</image:loc>
        <image:title>Keskituotos on puolisuoran kulmakerroin
: Työn keskituotos pisteessä B on sama kuin origon kautta pisteeseen B kulkevan puolisuoran kulmakerroin, tässä tapauksessa 458. Toisin sanoen jos viljelijöitä on 1 600, heidän keskituotoksensa on 458 kg viljaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-15.jpg</image:loc>
        <image:title>Teknologian parannus malthusilaisessa teoriassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-16-e.jpg</image:loc>
        <image:title>Malthusilainen talous.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-16-a.jpg</image:loc>
        <image:title>Vasen kaavio: Palkkojen ja väestön yhteys
: Keskisuuressa väestössä maataloustyöntekijöiden palkat ovat toimeentulominimissä (piste A). Pisteessä B väestö on pienempi ja palkat korkeammat, koska työn keskituotos on suurempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-16-b.jpg</image:loc>
        <image:title>Oikeanpuoleinen kaavio: Väestönkasvun ja elintason yhteys
: Oikeanpuoleisen kaavion suora on nouseva: kun palkat ovat korkeat (pystyakseli), väestönkasvu on positiivinen (vaaka-akseli). Väestö siis kasvaa. Kun palkat ovat matalat, väestönkasvu on negatiivinen ja väestö supistuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-16-c.jpg</image:loc>
        <image:title>Kaavioiden yhteys
: Vasemman kaavion pisteessä A väestö on keskikokoinen ja palkat toimeentulominimissä. Seuraamalla katkoviivaa oikeanpuoleisen kaavion pisteeseen A′ havaitaan, että väestönkasvu on nolla. Pisteessä A talous on siis tasapainossa: väestö pysyy vakiona ja palkat toimeentulominimissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-16-d.jpg</image:loc>
        <image:title>Pienempi väestö
: Talous on nyt pisteessä B, jossa palkat ovat korkeammat ja väestö pienempi. Oikean kaavion piste B′ kertoo, että väestö kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-17-e.jpg</image:loc>
        <image:title>Malthusilainen talous ja uusi teknologia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-17-a.jpg</image:loc>
        <image:title>Alkutilanteessa talous on tasapainossa
: Alkutilanteessa talous on pisteessä A: väestö on keskikokoinen ja palkat toimeentulominimissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-17-b.jpg</image:loc>
        <image:title>Teknologia kehittyy, palkat nousevat
: Teknologian parannus (esimerkiksi uusi siemenlajike) kasvattaa työn keskituotosta, jolloin palkat nousevat kaikilla väkiluvun arvoilla. Reaalipalkkoja kuvaava suora siirtyy ylöspäin. Alkutilanteen väkiluvun kohdalla palkat nousevat ja talous siirtyy pisteeseen D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-17-c.jpg</image:loc>
        <image:title>Väestö alkaa kasvaa
: Pisteessä D palkat ylittävät toimeentulominimin, jolloin väestö alkaa kasvaa (piste D′).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-17-d.jpg</image:loc>
        <image:title>Väestönkasvu jatkuu
: Väestön kasvaessa palkat laskevat, koska työn keskituotos laskee. Talous siirtyy reaalipalkkoja kuvaavalla suoralla pisteestä D alaspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-18.jpg</image:loc>
        <image:title>Malthusin loukku: palkat ja väkiluku eri vuosikymmeninä 1280-luvulta 1600-luvulle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-g.jpg</image:loc>
        <image:title>Malthusilaisen talouden aika Englannissa
: Malthusilaisen talouden ainekset: musta surma, työn tarjonta, politiikka ja palkat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-a.jpg</image:loc>
        <image:title>Malthusilaisen talouden aika Englannissa 1300–1600
: Kuviossa tarkastellaan ajanjaksoa 1300–1600 (korostettu), jolloin Englanti oli malthusilainen talous.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-b.jpg</image:loc>
        <image:title>Musta surma 1348–1350
: Vuosien 1348–1350 ruttoepidemia tunnetaan ”mustana surmana”. Englannin arviolta nelimiljoonaisesta väestöstä 1,5 miljoonaa kuoli ruttoon. Työn tarjonta romahti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-c.jpg</image:loc>
        <image:title>Ruton seurauksena palkat nousivat
: Rutolta säästyneet viljelijät ja työläiset hyötyivät taloudellisesti väestön pienenemisestä: viljelijät saivat suurempia ja parempia maita, työläiset taas pystyivät vaatimaan parempia palkkoja. Ruton taltuttua tulot kasvoivat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-d.jpg</image:loc>
        <image:title>Viljelijät ja työntekijät näyttivät voimaansa
: Kuningas Edvard III yritti vuonna 1351 hillitä palkkojen nousua lailla. Laki ja muut olosuhteet lietsoivat toistuvia kapinoita, joista laajin oli vuoden 1381 talonpoikaiskapina. Kuninkaan väliintulosta huolimatta tulot kasvoivat yhä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-e.jpg</image:loc>
        <image:title>Väestö kasvoi 1500-luvulla
: Englantilaisten rakennustyöläisten palkat ehtivät kaksinkertaistua 1400-luvun puoliväliin mennessä. Palkkojen nousun myötä väestö alkoi taas kasvaa 1500-luvulla. Malthusin laki teki kuitenkin tehtävänsä. Väestön kasvaessa tulot kääntyivät laskuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-19-f.jpg</image:loc>
        <image:title>Malthusilainen stagnaatio 1350–1600
: Vuonna 1600 englantilaisten palkat olivat jälleen yhtä pienet kuin 300 vuotta aikaisemmin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-20.jpg</image:loc>
        <image:title>Pois Malthusin loukusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-f.jpg</image:loc>
        <image:title>Pois Malthusin loukusta
: Pois Malthusin loukusta. Työn tuottavuudesta ja reaalipalkoista on käytetty viiden vuoden liukuvia keskiarvoja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-a.jpg</image:loc>
        <image:title>Pois Malthusin loukusta
: Malthusilainen teoria päti 1700-luvulla. Sitä vastoin 1800-luvulla talous näyttää siirtyneen uuteen vaiheeseen, jossa reaalipalkat kasvoivat väestön kasvaessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-b.jpg</image:loc>
        <image:title>Teknologian jatkuva vallankumous
: Siirtymä alkoi kehruu-Jennystä, höyrykoneesta ja muista teknologian parannuksista, joiden ansiosta tuotanto työläistä kohti kasvoi. Kun teknologian vallankumous muuttui jatkuvaksi, seurasi aina uusia innovaatioita, jotka korvasivat tuhansia kehrääjiä, kutojia ja viljelijöitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-c.jpg</image:loc>
        <image:title>Kaupungeissa työttömyyttä
: Työttömyys heikensi työläisten neuvotteluvoimaa ja piti palkat matalina. Tämä näkyy käyrän tasaantumisena vuosina 1750–1830. Tuotanto kasvoi, työläisten osuus ei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-d.jpg</image:loc>
        <image:title>Uusia mahdollisuuksia
: Tuottavuuden kasvu ja matalat palkat paisuttivat 1830-luvulla yritysten voittoja. Voitot, kilpailu ja teknologia kannustivat yrityksiä laajenemaan. Työn kysyntä vilkastui. Työväkeä siirtyi maatiloilta tehtaisiin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-02-21-e.jpg</image:loc>
        <image:title>Työläisille neuvotteluvoimaa
: Työn tarjonta väheni, kun lapsityövoiman käyttö kiellettiin. Työn kysynnän kasvu ja tarjonnan väheneminen vahvistivat työläisten neuvotteluvoimaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-iEHQR1fG0_g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/08.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-08-header.jpg</image:loc>
        <image:title>Vegetable market, Da Lat, Vietnam: Hoxuanhuong/Dreamstime.com, https://goo.gl/mjvVuc</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-01.jpg</image:loc>
        <image:title>Curva de demanda de mercado de libros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-02-d.jpg</image:loc>
        <image:title>Curva de oferta de libros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-02-a.jpg</image:loc>
        <image:title>El precio de reserva
: El primer vendedor tiene un precio de reserva de 2 dólares y venderá a cualquier precio por encima de ese.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-02-b.jpg</image:loc>
        <image:title>El vendedor número 20
: El vendedor número 20 solo aceptará 7 dólares…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-02-c.jpg</image:loc>
        <image:title>El vendedor número 40
: … y el precio de reserva del vendedor número 40 es 12 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/08-alfred-marshall.jpg</image:loc>
        <image:title>Alfred Marshall</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-03-d.jpg</image:loc>
        <image:title>Equilibrio en el mercado de libros de segunda mano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-03-a.jpg</image:loc>
        <image:title>Oferta y demanda
: Encontramos el equilibrio al dibujar las curvas de oferta y demanda en el mismo diagrama.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-03-b.jpg</image:loc>
        <image:title>El precio al que se agota el mercado o precio de equilibrio
: Al precio P* = 8 dólares, la cantidad ofrecida es igual a la cantidad demandada: Q* = 24. El mercado está en equilibrio. Decimos que se agota el mercado (en el sentido de que se agotan las existencias porque se vende/compra todo) a un precio de 8 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-03-c.jpg</image:loc>
        <image:title>Un precio por encima del precio de equilibrio
: A un precio de más de 8 dólares habría más estudiantes dispuestos a vender, pero no todos encontrarían compradores. Habría exceso de oferta, por lo que los vendedores tendrían que bajar su precio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-04.jpg</image:loc>
        <image:title>La curva de demanda de pan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-05-d.jpg</image:loc>
        <image:title>El precio y la cantidad que maximizan beneficios para una panadería.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-05-a.jpg</image:loc>
        <image:title>Costo marginal y curvas de isobeneficio
: La panadería tiene una curva de costo marginal (CMg) creciente. En la curva CM, el beneficio es cero. Cuando CMg &gt; CM, la curva CM tiene pendiente positiva. Las otras curvas de isobeneficio representan niveles más altos de ganancias, y el CMg pasa por los puntos más bajos de todas las curvas de isobeneficio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-05-b.jpg</image:loc>
        <image:title>Toma de precios
: La panadería es tomadora de precios. El precio de mercado es P* = 2,35 euros. Si elige un precio más alto, los clientes irán a otras panaderías. Su conjunto factible de precios y cantidades es el área que queda debajo de la línea horizontal en P*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-05-c.jpg</image:loc>
        <image:title>El precio que maximiza beneficios
: El punto de mayor beneficio en el conjunto factible es el punto A, donde la curva de isobeneficio de 80 euros es tangente al conjunto factible. Debe hacer 120 panes por día y venderlos al precio de mercado, 2,35 euros cada uno. Obtendrá 80 euros de ganancia por día, además de las ganancias normales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-06-d.jpg</image:loc>
        <image:title>La curva de oferta de la empresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-06-a.jpg</image:loc>
        <image:title>Un cambio en el precio
: Cuando el precio de mercado es de 2,35 euros, usted suministra 120 panes. ¿Qué haría si el precio cambiara?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-06-b.jpg</image:loc>
        <image:title>Si el precio sube
: Si P* aumentara a 3,20 euros, podría alcanzar una curva de isobeneficio más alta. Para maximizar las ganancias, debe producir 163 panes por día.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Las curvas de oferta de la empresa y oferta de mercado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-07-a.jpg</image:loc>
        <image:title>La curva de oferta de la empresa
: Hay 50 panaderías, todas con las mismas funciones de costo. Si el precio de mercado es de 2,35 euros, cada panadería producirá 120 panes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-07-b.jpg</image:loc>
        <image:title>La curva de oferta de mercado
: Cuando P = 2,35 euros, cada panadería suministra 120 panes y la oferta de mercado es de 50 × 120 = 6000 panes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-07-c.jpg</image:loc>
        <image:title>Las curvas de oferta de la empresa y del mercado son similares
: A un precio de 1,52 euros, cada panadería suministra 66 panes y la oferta de todo el mercado asciende a 3300. La curva de oferta de mercado se parece a la curva de oferta de la empresa, pero la escala en el eje horizontal es diferente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-08.jpg</image:loc>
        <image:title>Equilibrio en el mercado de pan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Equilibrio en el mercado de panes: ganancias del comercio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-a-a.jpg</image:loc>
        <image:title>El excedente del consumidor
: Al precio de equilibrio de 2 euros en el mercado del pan, un consumidor que esté dispuesto a pagar 3,50 euros obtiene un excedente de 1,50 euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-a-b.jpg</image:loc>
        <image:title>Excedente total del consumidor
: El área sombreada por encima de 2 euros muestra el excedente total del consumidor, la suma de las ganancias del comercio obtenidas por todos los compradores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-a-c.jpg</image:loc>
        <image:title>El excedente del productor
: Recuerde que, como vimos en el capítulo 7, el excedente del productor en una unidad de producción es la diferencia entre el precio al que se vende esa unidad y el costo marginal de producirla. El costo marginal del pan número 2000 es de 1,25 euros; como se vende por 2 euros, el productor obtiene un excedente de 0,75 euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-b.jpg</image:loc>
        <image:title>Pérdida de eficiencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-10-a.jpg</image:loc>
        <image:title>Producción de quinua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-10-b.jpg</image:loc>
        <image:title>Precios de los productores de quinua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-10-c.jpg</image:loc>
        <image:title>Demanda de importación global de quinua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Un incremento en la demanda de libros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-11-a.jpg</image:loc>
        <image:title>El punto de equilibrio inicial
: A los niveles originales de demanda y oferta, el equilibrio está en el punto A. El precio es de 8 dólares y se venden 24 libros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-11-b.jpg</image:loc>
        <image:title>Un aumento de la demanda
: Si en un año se matricularan más estudiantes, habría más estudiantes que querrían comprar el libro a cada precio posible. La curva de demanda se desplazaría hacia la derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-11-c.jpg</image:loc>
        <image:title>Exceso de demanda cuando el precio es de 8 dólares
: Si el precio se mantuviera en 8 dólares, habría un exceso de demanda de libros, es decir, más compradores que vendedores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Un aumento en la oferta de pan: una disminución del CMg.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-a.jpg</image:loc>
        <image:title>El punto de equilibrio inicial
: Las panaderías de la ciudad comienzan en el punto A, produciendo 5000 panes y vendiéndolos a 2 euros cada uno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-b.jpg</image:loc>
        <image:title>Una disminución de los costos marginales
: Luego la curva de oferta de mercado cambia debido a una reducción de los costos marginales de las panaderías. La curva de oferta se desplaza hacia abajo porque, para cada nivel de producción, el costo marginal –y, por lo tanto, el precio al que están dispuestos a suministrar pan– es menor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-c.jpg</image:loc>
        <image:title>Un aumento en la oferta
: La curva de oferta se ha desplazado hacia abajo. No obstante, otra forma de entender este cambio en la oferta es decir que la curva de oferta se ha desplazado hacia la derecha. Como los costos han disminuido, la cantidad que las panaderías suministrarán a cada precio es mayor: un aumento en la oferta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-12-d.jpg</image:loc>
        <image:title>Exceso de oferta cuando el precio es de 2 euros
: El efecto de la reducción del costo marginal es un aumento en la oferta de mercado. Al precio original, hay más pan del que los compradores quieren (exceso de oferta). Las panaderías querrían bajar sus precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-13.jpg</image:loc>
        <image:title>Un incremento en la demanda de pan: entran más empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-14-d.jpg</image:loc>
        <image:title>Efecto de un impuesto a la sal del 30%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-14-a.jpg</image:loc>
        <image:title>El equilibrio inicial
: Inicialmente, el equilibrio de mercado está en el punto A. El precio es P* y la cantidad de sal vendida es Q*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-14-b.jpg</image:loc>
        <image:title>Un impuesto del 30%
: Se somete a los proveedores a un impuesto del 30%. Sus costos marginales pasan a ser, por tanto, un 30% más altos para todas las cantidades ofertadas. La curva de oferta se desplaza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-14-c.jpg</image:loc>
        <image:title>El nuevo equilibrio
: El nuevo equilibrio está en B. El precio pagado por los consumidores ha subido a P1 y la cantidad ha caído a Q1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-15-d.jpg</image:loc>
        <image:title>Impuestos y pérdida de eficiencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-15-a.jpg</image:loc>
        <image:title>Ganancias máximas del comercio
: Antes de que se imponga el impuesto, la asignación de equilibrio en A maximiza las ganancias del comercio. En el panel superior, el triángulo rojo es el excedente del consumidor y el triángulo azul es el excedente del productor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-15-b.jpg</image:loc>
        <image:title>Un impuesto reduce el excedente del consumidor
: El impuesto reduce la cantidad que se intercambia a Q1 y eleva el precio que paga el consumidor de P* a P1. El excedente del consumidor disminuye.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-15-c.jpg</image:loc>
        <image:title>Un impuesto reduce el excedente del productor
: Los proveedores venden una cantidad menor y el precio que reciben cae de P* a P0. El excedente del productor disminuye.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-16-c.jpg</image:loc>
        <image:title>Efecto de un impuesto a la grasa en el mercado minorista de mantequilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-16-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado de mantequilla
: Inicialmente, el mercado de mantequilla está en equilibrio. El precio de la mantequilla es de 45 coronas por kg, y el consumo de mantequilla en Dinamarca es de 2 kg por persona por año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-16-b.jpg</image:loc>
        <image:title>El efecto de un impuesto
: Aplicar un impuesto de 10 coronas por kg a los proveedores de mantequilla aumenta sus costos marginales en 10 coronas para todas las cantidades. La curva de oferta se desplaza hacia arriba en 10 coronas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-17.jpg</image:loc>
        <image:title>Efecto de un impuesto a la grasa sobre el excedente del consumidor y el productor de mantequilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/08-leon-walras.jpg</image:loc>
        <image:title>Léon Walras</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-f.jpg</image:loc>
        <image:title>El mercado de Choccos y de las tabletas de chocolate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-a.jpg</image:loc>
        <image:title>El mercado de Choccos
: El panel de la izquierda muestra el mercado de Choccos, que es el producto concreto de una empresa. Hay muchos sustitutos cercanos en el mercado más amplio de las tabletas de chocolate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-b.jpg</image:loc>
        <image:title>La curva de demanda de Choccos
: Debido a la competencia que suponen otras tabletas de chocolate similares, la curva de demanda de Choccos es casi plana. El rango de precios factibles es estrecho.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-c.jpg</image:loc>
        <image:title>El precio de Choccos
: La empresa elige un precio P* similar al de sus competidores, y una cantidad donde el CMg esté cerca de P*. Sea cual sea el precio de sus competidores, producirá cerca de su curva de costo marginal. Por tanto, la curva CMg de la empresa es aproximadamente su curva de oferta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-d.jpg</image:loc>
        <image:title>La curva de oferta de mercado para las tabletas de chocolate
: Podemos construir la curva de oferta de mercado para las tabletas de chocolate en el panel de la derecha agregando las cantidades de las curvas de costo marginal de todos los productores de tabletas de chocolate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-18-e.jpg</image:loc>
        <image:title>La curva de demanda de mercado para las tabletas de chocolate
: Si la mayoría de los consumidores no tienen fuertes preferencias por el producto de una empresa, podemos trazar una curva de demanda de mercado para las tabletas de chocolate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-02-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>La fonction de production du fermier : productivité moyenne décroissante du travail.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-22-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-05.jpg</image:loc>
        <image:title>La curva de duración: el dictador establece el impuesto para un costo dado del servicio público.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/50-01-looking-forward.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-12.jpg</image:loc>
        <image:title>Le nuage de mots de la préface, réalisé à partir des réponses d’étudiants de la Humboldt University et montrant la prévalence des inégalités, est typique. La notion d’inégalités est largement représentée dans ce nuage de mots. Les étudiants à travers le monde sont également intéressés par l’innovation, les problèmes environnementaux, le chômage et l’instabilité.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/05.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-05-header.jpg</image:loc>
        <image:title>Founders of Nashville shaking hands: iStock.com/anthonysp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/05-vilfredo-pareto.jpg</image:loc>
        <image:title>Vilfredo Pareto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-01-e.jpg</image:loc>
        <image:title>Asignaciones eficientes en términos de Pareto. Todas las asignaciones, a excepción del uso de pesticida por parte de ambos (T, T), son eficientes en términos de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-01-a.jpg</image:loc>
        <image:title>El dilema del prisionero de Anil y Bala
: El diagrama muestra las asignaciones del dilema del prisionero jugado por Anil y Bala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-01-b.jpg</image:loc>
        <image:title>Una comparación de Pareto
: (I, I) se encuentra en el rectángulo por encima y a la derecha de (T, T), por lo que un resultado en el que Anil y Bala usan CIP, domina en términos de Pareto al resultado donde ambos usen Exterminador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-01-c.jpg</image:loc>
        <image:title>Comparar (T, T) y (T, I)
: Si Anil usa Exterminador y Bala CIP, entonces Anil está mejor, pero Bala está peor que cuando ambos usan Exterminador. El criterio de Pareto no puede decir cuál de estas asignaciones es mejor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-01-d.jpg</image:loc>
        <image:title>Ninguna asignación domina a (I, I) en términos de Pareto
: Ninguna de las otras asignaciones se encuentra al noreste de (I, I), por lo que no está dominada en términos de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-02-c.jpg</image:loc>
        <image:title>La frontera factible de la granjera independiente Ángela, la mejor curva de indiferencia factible y la elección de horas de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-02-a.jpg</image:loc>
        <image:title>Frontera factible
: El diagrama muestra la frontera factible de Ángela determinada por su función de producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-02-b.jpg</image:loc>
        <image:title>Lo mejor que puede hacer Ángela
: Lo mejor que puede hacer Ángela, dados los límites establecidos por la frontera factible, es trabajar 8 horas y tomarse 16 horas de tiempo libre y producir 9 fanegas de grano. En este punto C, la tasa marginal de sustitución (TMS) es igual a la tasa marginal de transformación (TMT).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-03-e.jpg</image:loc>
        <image:title>Resultados factibles de la interacción entre Ángela y Bruno
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-03-a.jpg</image:loc>
        <image:title>La frontera factible combinada
: La frontera factible muestra la cantidad máxima de grano disponible para Ángela y Bruno juntos, dada la cantidad de tiempo libre de Ángela. Si Ángela se toma 12 horas de tiempo libre y trabaja 12 horas, produce 10,5 fanegas de grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-03-b.jpg</image:loc>
        <image:title>Una asignación factible
: El punto E es un posible resultado de la interacción entre Ángela y Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-03-c.jpg</image:loc>
        <image:title>La distribución en el punto E
: En el punto E, Ángela trabaja 12 horas y produce 10,5 fanegas de grano. La distribución del grano es tal que 5,25 fanegas son para Bruno y Ángela se queda con las otras 5,25 fanegas para su propio consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-03-d.jpg</image:loc>
        <image:title>Otras asignaciones factibles
: El punto F muestra una asignación en la que Ángela trabaja más que en el punto E y obtiene menos grano, y el punto G muestra el caso en el que trabaja más y obtiene más grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-d.jpg</image:loc>
        <image:title>Asignaciones técnicamente factibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-a.jpg</image:loc>
        <image:title>La restricción de supervivencia biológica
: Si Ángela no trabaja en absoluto, necesita 2,5 fanegas de grano para sobrevivir (punto Z). Si sacrifica algo de tiempo libre y gasta energía trabajando, necesita más comida, por lo que la curva es más alta cuando tiene menos tiempo libre. Esta es la restricción de supervivencia biológica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-b.jpg</image:loc>
        <image:title>Puntos biológicamente no factibles y técnicamente no factibles
: Los puntos por debajo de la restricción de supervivencia biológica son biológicamente no factibles, mientras que los puntos por encima de la frontera factible son técnicamente no factibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-c.jpg</image:loc>
        <image:title>Máxima jornada laboral de Ángela
: Dada la frontera factible, hay una cantidad máxima de trabajo por encima de la cual Ángela no podría sobrevivir, incluso si pudiera consumir todo lo que produjera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-f.jpg</image:loc>
        <image:title>Coacción: la transferencia máxima técnicamente factible de Ángela a Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-a.jpg</image:loc>
        <image:title>Bruno puede ordenarle a Ángela que trabaje
: Bruno puede elegir cualquier asignación del conjunto técnicamente factible. Bruno considera dejar que Ángela siga trabajando 8 horas al día y produciendo 9 fanegas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-b.jpg</image:loc>
        <image:title>Cuando Ángela trabaja 8 horas
: Entonces Bruno podría llevarse 5,5 fanegas sin poner en peligro las oportunidades futuras de beneficiarse del trabajo de Ángela. Esto se mide por la distancia vertical entre la frontera factible y la restricción de supervivencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-c.jpg</image:loc>
        <image:title>La distancia máxima entre fronteras
: La distancia vertical entre la frontera factible y la restricción de supervivencia biológica alcanza su máximo cuando Ángela trabaja durante 11 horas (13 horas de tiempo libre).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-d.jpg</image:loc>
        <image:title>Asignación y distribución en la distancia máxima
: Si Bruno le ordena a Ángela que trabaje 11 horas, esta producirá 10 fanegas y necesitará 4 para sobrevivir. En este caso, Bruno se quedará con 6 fanegas (la distancia AB).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-05-e.jpg</image:loc>
        <image:title>La pendiente de la frontera de supervivencia aumenta a medida que las horas de trabajo se incrementan
: Si Bruno hace que Ángela trabaje más de 11 horas, la cantidad de fanegas que Bruno puede quedarse disminuye a medida que aumentan las horas de trabajo de Ángela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-06-c.jpg</image:loc>
        <image:title>Asignaciones económicamente factibles cuando el intercambio es voluntario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-06-a.jpg</image:loc>
        <image:title>Opción de reserva de Ángela
: El punto Z, la asignación en la que Ángela no trabaja y solo obtiene raciones de supervivencia del gobierno, se conoce como su opción de reserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-06-b.jpg</image:loc>
        <image:title>Curva de indiferencia de reserva de Ángela
: La curva que muestra todas las asignaciones que Ángela valora tanto como la opción de reserva se llama curva de indiferencia de reserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-a-c.jpg</image:loc>
        <image:title>La propuesta de «o lo toma o lo deja» de Bruno cuando Ángela puede negarse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-a-a.jpg</image:loc>
        <image:title>El mejor resultado de Bruno usando la coacción
: Utilizando la coacción, Bruno eligió la asignación B y le ordenó a Ángela que trabajara 11 horas, por lo que Bruno recibió una cantidad de grano equivalente a la distancia AB. La TMT en A es igual a la TMS en B en la restricción de supervivencia biológica de Ángela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-a-b.jpg</image:loc>
        <image:title>Cuando Ángela puede decir que no
: Con el intercambio voluntario, la asignación B no está disponible. La mejor asignación a la que puede aspirar Bruno es la D, donde Ángela trabaja 8 horas y le entrega una cantidad de fanegas de grano igual a la distancia CD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-b-e.jpg</image:loc>
        <image:title>La propuesta de tipo «o lo toma o lo deja» de Bruno cuando Ángela puede rechazarla
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-b-a.jpg</image:loc>
        <image:title>Horas de trabajo de Ángela cuando estaba coaccionada
: Usando la coacción, Bruno obligó a Ángela a trabajar 11 horas. La TMT era igual a la TMS sobre la restricción de supervivencia biológica de Ángela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-b-b.jpg</image:loc>
        <image:title>La mejor oferta del tipo «o lo toma o lo deja» de Bruno
: Si Bruno no puede obligar a Ángela a trabajar, debería ofrecerle un contrato en el que Ángela le pagara 4,5 fanegas en calidad de alquiler del terreno. Ángela trabaja 8 horas, punto en el que la TMT es igual a la TMS en su curva de indiferencia de reserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-b-c.jpg</image:loc>
        <image:title>El excedente máximo
: Si Ángela trabaja más o menos de 8 horas, el excedente conjunto es menor que 4,5 fanegas de grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-07-b-d.jpg</image:loc>
        <image:title>El grano de Bruno
: Aunque Bruno no puede obligar a Ángela, sí puede obtener todo el excedente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Asignaciones eficientes en términos de Pareto y la distribución del excedente
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-a.jpg</image:loc>
        <image:title>La asignación en C
: Como agricultora independiente, Ángela eligió el punto C, donde TMT = TMS. En ese punto, consumió 9 fanegas de grano; 4,5 fanegas habrían bastado para colocarla sobre su curva de indiferencia de reserva en el punto D, pero obtuvo el excedente completo CD: 4,5 fanegas adicionales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-b.jpg</image:loc>
        <image:title>La asignación en D
: Cuando Bruno era dueño de la tierra e hizo una oferta del tipo «o lo toma o lo deja», eligió un contrato en el que el alquiler de la tierra era CD (4,5 fanegas). Ángela aceptó y trabajó 8 horas. La asignación fue D y, una vez más, TMT = TMS. El excedente seguía siendo CD pero, en este caso, Bruno se lo llevó todo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-c.jpg</image:loc>
        <image:title>Las preferencias de Ángela
: Recuerde que la TMS de Ángela no cambia a medida que consume más fanegadas de grano. En cualquier punto a lo largo de la línea CD, como G, hay una curva de indiferencia con la misma pendiente. Así pues, TMS = TMT en todos estos puntos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-d.jpg</image:loc>
        <image:title>Una asignación hipotética
: El punto G es una asignación hipotética, en la cual TMS = TMT. Ángela trabaja durante 8 horas y se producen 9 fanegas de grano. Bruno obtiene CG de grano, y Ángela obtiene todo lo demás. La asignación G es eficiente en términos de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-09-d.jpg</image:loc>
        <image:title>Efecto de un aumento en el poder de negociación de Ángela a través de la legislación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-09-a.jpg</image:loc>
        <image:title>Antes de la legislación que limita la jornada laboral
: Bruno plantea una oferta del tipo «o lo toma o lo deja» y obtiene una cantidad de grano igual a CD y Ángela trabaja 8 horas. Ángela se sitúa en su curva de indiferencia de reserva en D y TMT = TMS
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-09-b.jpg</image:loc>
        <image:title>Los que percibe Ángela antes de la legislación
: Ángela percibe 4,5 fanegas de grano: se muestra indiferente a la hora de elegir entre trabajar 8 horas y su opción de reserva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-09-c.jpg</image:loc>
        <image:title>El efecto de la legislación
: Con una legislación que reduce la jornada laboral a 4 horas al tiempo que mantiene la cantidad de grano que recibe Ángela, está se sitúa en una curva de indiferencia más alta en F. El grano que percibe Bruno baja de CD a EF (2 fanegas).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-10-e.jpg</image:loc>
        <image:title>Negociación para restaurar la eficiencia de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-10-a.jpg</image:loc>
        <image:title>El máximo excedente conjunto
: El excedente que se dividirá entre Ángela y Bruno se maximiza donde TMT = TMS, a las 8 horas de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-10-b.jpg</image:loc>
        <image:title>Ángela prefiere F a D
: Pero Ángela prefiere el punto F impuesto por la legislación, porque le da la misma cantidad de grano, pero más tiempo libre que D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-10-c.jpg</image:loc>
        <image:title>Ángela también podría mejorar respecto de su situación en F
: En comparación con F, ella preferiría cualquier asignación en la curva de eficiencia de Pareto entre C y G.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-10-d.jpg</image:loc>
        <image:title>Ángela puede proponer H
: En la asignación H, Bruno obtiene la misma cantidad de grano: CH = EF. Ángela está mejor que en F. Ella trabaja más horas, pero tiene grano más que suficiente para compensar la pérdida de tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-11.jpg</image:loc>
        <image:title>Los determinantes fundamentales de los resultados económicos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-12.jpg</image:loc>
        <image:title>Curva de Lorenz para la propiedad de la riqueza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-13.jpg</image:loc>
        <image:title>La distribución del botín: los piratas y la Royal Navy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-14-a.jpg</image:loc>
        <image:title>Curva de Lorenz y el coeficiente de Gini de la riqueza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-15-d.jpg</image:loc>
        <image:title>Distribución de los ingresos del mercado y el ingreso disponible en los Países Bajos (2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-15-a.jpg</image:loc>
        <image:title>Curva de Lorenz para el ingreso del mercado.
: La curva indica que el 10% más pobre de la población (10 en el eje horizontal) recibe solo el 0,1% del ingreso total (0,1 en el eje vertical) y que la mitad de la población con ingresos más bajos tiene menos del 20% del ingreso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-15-b.jpg</image:loc>
        <image:title>Gini para el ingreso del mercado.
: El coeficiente de Gini es la relación entre el área de A (entre la curva de ingresos del mercado y la línea de igualdad perfecta) y el área A + B (toda el área por debajo de la línea de igualdad perfecta), que es 0,47.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-15-c.jpg</image:loc>
        <image:title>Ingreso disponible
: La magnitud de la desigualdad en el ingreso disponible es mucho menor que la desigualdad en el ingreso del mercado. Las políticas redistributivas tienen un efecto mayor hacia la parte más baja de la distribución. El 10% más pobre tiene el 4% del ingreso total disponible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-16.jpg</image:loc>
        <image:title>Desigualdad en el ingreso del mercado y en el ingreso disponible en el mundo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-17.jpg</image:loc>
        <image:title>Eficiencia y justicia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-18.jpg</image:loc>
        <image:title>Negociación en la práctica: cómo una reforma del régimen de tenencia de tierras en Bengala Occidental redujo el coeficiente de Gini.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-19.jpg</image:loc>
        <image:title>La curva de Lorenz y la línea de igualdad perfecta.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-22-02-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-06.jpg</image:loc>
        <image:title>Le dictateur choisit un niveau de taxes qui maximise ses rentes politiques.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/09.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-09-header.jpg</image:loc>
        <image:title>Ouvriers du bâtiment : United States of America MCSN Rob Aylward/U.S. Navy</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-01-b.jpg</image:loc>
        <image:title>Revenu réel hebdomadaire des hommes en Australie-Occidentale (axe de gauche), prix mondial du minerai de fer et taux de chômage en Australie (axe de droite), 1989–2015
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-01-a.jpg</image:loc>
        <image:title>Revenus hebdomadaires
: Le graphique représente le revenu réel hebdomadaire des hommes en Australie-Occidentale ainsi que le prix mondial du minerai de fer dans la figure du haut et le taux de chômage australien dans la figure du bas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-02.jpg</image:loc>
        <image:title>Le marché du travail
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-04-c.jpg</image:loc>
        <image:title>La courbe des salaires : salaire d’efficience et chômage dans l’économie agrégée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-04-a.jpg</image:loc>
        <image:title>La courbe des salaires
: La droite croissante est appelée la courbe des salaires.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-04-b.jpg</image:loc>
        <image:title>Salaire maximisant les profits lorsque le chômage est élevé
: À 12 % de chômage dans l’économie, le salaire de réserve des employés est bas et les travailleurs feront de gros efforts pour un salaire relativement faible. Le salaire maximisant les profits est donc faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-05.jpg</image:loc>
        <image:title>Obtention de la courbe des salaires : variation du taux de chômage de l’économie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-06.jpg</image:loc>
        <image:title>Courbe des salaires estimée pour l’économie américaine (1979–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-08-b.jpg</image:loc>
        <image:title>Le choix du prix, de la quantité et de l’emploi qui maximisent le profit de l’entreprise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-08-a.jpg</image:loc>
        <image:title>Profits maximaux
: Le profit maximum est atteint au point B, là où la courbe de demande de l’entreprise est tangente à une courbe d’isoprofit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-09.jpg</image:loc>
        <image:title>La courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-10-d.jpg</image:loc>
        <image:title>La courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-10-a.jpg</image:loc>
        <image:title>Point A
: Le point A se trouve au-dessus de la courbe des prix, ce qui signifie que le salaire réel est plus élevé que celui compatible avec le taux de marque qui maximise le profit. Si le salaire réel est trop élevé, cela signifie que le taux de marque est trop bas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-10-b.jpg</image:loc>
        <image:title>Point B
: L’entreprise augmentera son prix de manière à se déplacer vers une zone de profits plus élevés au point B. L’augmentation du prix impliquera une baisse de la quantité de biens vendus, et puisque cela est vrai de toutes les entreprises, l’emploi agrégé baissera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-10-c.jpg</image:loc>
        <image:title>Point C
: Sous la courbe des prix, en un point comme C, les entreprises baissent leurs prix et recrutent davantage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-mcq-05.jpg</image:loc>
        <image:title>La courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-11.jpg</image:loc>
        <image:title>Équilibre sur le marché du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-12-c.jpg</image:loc>
        <image:title>Équilibre et chômage (conjoncturel) lié à une demande déficiente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-12-a.jpg</image:loc>
        <image:title>Point X
: Au point X, le chômage se trouve à son niveau d’équilibre sur le marché du travail. Quelqu’un qui perdrait son emploi au point X ne serait pas indifférent entre être employé et chômeur car il subit un coût lié à la perte de son emploi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-12-b.jpg</image:loc>
        <image:title>Point B
: Au point B, il y a des personnes supplémentaires cherchant du travail, et qui sont également au chômage involontaire. Le chômage additionnel constaté au point B est causé par la faible demande agrégée et est appelé chômage conjoncturel ou dû à une demande déficiente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-13-b.jpg</image:loc>
        <image:title>Une entreprise accroît la production et l’emploi suite à une baisse des salaires.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-13-a.jpg</image:loc>
        <image:title>La nouvelle courbe d’isoprofit
: La nouvelle courbe d’isoprofit (salaire plus bas) passant par le point initial B est désormais plus pentue que la courbe de demande, par conséquent, l’entreprise peut faire mieux en baissant son prix et en abaissant la courbe de demande, vendant davantage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-14-b.jpg</image:loc>
        <image:title>Une entreprise augmente sa production et son emploi à la suite d’une hausse de la demande résultant d’une politique monétaire ou budgétaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-14-a.jpg</image:loc>
        <image:title>Avant l’augmentation de la demande
: Comme précédemment, l’économie se trouve initialement au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-15-a.jpg</image:loc>
        <image:title>L’entreprise : ajustement vers le chômage d’équilibre en X via la politique budgétaire ou monétaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-15-b.jpg</image:loc>
        <image:title>L’entreprise : ajustement vers le chômage d’équilibre en X via la réduction du salaire et du prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-15-c.jpg</image:loc>
        <image:title>Marché du travail agrégé : chômages conjoncturel et d’équilibre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-16.jpg</image:loc>
        <image:title>La répartition des revenus à l’équilibre du marché du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-17-c.jpg</image:loc>
        <image:title>L’effet d’une augmentation de l’intensité de la concurrence à laquelle sont confrontées les entreprises : la courbe des prix se déplace vers le haut et les inégalités baissent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-17-a.jpg</image:loc>
        <image:title>L’équilibre initial
: Nous partons de l’équilibre en A avec un coefficient de Gini de 0,36. Supposez que l’intensité de la concurrence à laquelle sont confrontées les entreprises augmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-17-b.jpg</image:loc>
        <image:title>Un nouvel équilibre
: Le taux de marque appliqué par les entreprises sur le marché va baisser et la courbe des prix sera donc plus haute. Le nouvel équilibre s’établit en B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-einstein.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-g.jpg</image:loc>
        <image:title>L’effet de l’immigration sur le chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-a.jpg</image:loc>
        <image:title>Situation initiale
: L’économie démarre en A, elle emploie 4 millions de travailleurs pour un salaire horaire de 20 $ et la population active compte 5 millions de personnes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-b.jpg</image:loc>
        <image:title>Un million de travailleurs sont au chômage
: Cela est représenté par la distance U.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-c.jpg</image:loc>
        <image:title>Les travailleurs migrants rejoignent la force de travail
: Cela accroît la population active, de 5 à 5,5 millions de travailleurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-d.jpg</image:loc>
        <image:title>La courbe des salaires se déplace vers le bas
: Pour chaque niveau d’emploi, il y a maintenant plus de chômeurs. La hausse du chômage à 1,5 million de chômeurs est représentée par la distance U′. La menace d’une perte d’emploi est plus grande et les entreprises peuvent s’assurer de l’effort de la main-d’œuvre à un salaire plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-e.jpg</image:loc>
        <image:title>Les entreprises baissent le salaire
: Le salaire est à présent fixé au point B sur la courbe des salaires sur la figure, avec un salaire horaire à 13 $ et un emploi toujours à 4 millions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-18-f.jpg</image:loc>
        <image:title>Les profits augmentent
: Cela conduit les entreprises à recruter plus de travailleurs, ce qui requiert une élévation des salaires le long de la courbe des salaires. Le marché du travail se déplace de B à C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-19.jpg</image:loc>
        <image:title>Part des employés dont les salaires relèvent de conventions collectives (début des années 2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-20-c.jpg</image:loc>
        <image:title>Le syndicat fixe le salaire de l’entreprise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-20-a.jpg</image:loc>
        <image:title>L’employeur fixe le salaire
: Au point A, l’employeur fixe le salaire qui maximise les profits et correspond au point de tangence de la droite d’isocoût avec la fonction de meilleure réponse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-20-b.jpg</image:loc>
        <image:title>Le syndicat, et non l’employeur, fixe le salaire
: Si le syndicat fixe le salaire, il sera plus élevé que celui préféré par l’employeur, et le niveau d’effort correspondant sera supérieur…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-21.jpg</image:loc>
        <image:title>La courbe des salaires négociée en l’absence de l’effet « voice » du syndicat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-22.jpg</image:loc>
        <image:title>Négociations salariales collectives et chômage dans les pays de l’OCDE.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-23-c.jpg</image:loc>
        <image:title>Le syndicat fixe le salaire pour l’entreprise et les employés font un geste en retour.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-23-a.jpg</image:loc>
        <image:title>L’employeur fixe le salaire
: Au point A, l’employeur fixe le salaire qui maximise les profits au point de tangence de la droite d’isocoût et de la fonction de meilleure réponse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-23-b.jpg</image:loc>
        <image:title>L’employeur reconnaît un syndicat
: Si les employés interprètent comme un signe de bonne volonté la reconnaissance du syndicat par l’employeur et sa disposition à établir un compromis avec eux sur un salaire plus élevé, la courbe de meilleure réponse se déplace vers le haut.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-24.jpg</image:loc>
        <image:title>La courbe des salaires négociés et l’équilibre du marché du travail lorsqu’il y a un effet de « voix » du syndicat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-25-c.jpg</image:loc>
        <image:title>Obtention de la courbe des salaires : variation du niveau d’allocation chômage dans l’économie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-25-a.jpg</image:loc>
        <image:title>L’entreprise fixe le salaire
: Lorsque le chômage est à 12 % et l’allocation chômage est faible, l’entreprise établit le salaire au point A dans le graphique supérieur, qui correspond au point A du graphique inférieur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-09-25-b.jpg</image:loc>
        <image:title>Hausse de l’allocation chômage
: Il y a une nouvelle courbe des salaires qui passe par le point C.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-05-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-01-01.jpg</image:loc>
        <image:title>Samahyötykäyrät, kun rajasubstituutiosuhde riippuu vain vapaa-ajasta.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/05.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-05-header.jpg</image:loc>
        <image:title>Founders of Nashville shaking hands: iStock.com/anthonysp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/05-vilfredo-pareto.jpg</image:loc>
        <image:title>Vilfredo Pareto</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-01-e.jpg</image:loc>
        <image:title>Pareto-tehokkaat tulemat. Ainoastaan (T, T) on Pareto-tehoton, muut allokaatiot ovat Pareto-tehokkaita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-01-a.jpg</image:loc>
        <image:title>Anil ja Bala, vangin dilemma
: Kaavio esittää Anilin ja Balan pelaaman vangin dilemma ‑pelin allokaatioita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-01-b.jpg</image:loc>
        <image:title>A Pareto-vertailu
: Vaihtoehto (B, B) on yläoikealla vaihtoehdosta (T, T). Tulema, jossa sekä Anil että Bala käyttävät biologista kasvinsuojelua, Pareto-dominoi tulemaa, jossa molemmat käyttävät Terminaattoria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-01-c.jpg</image:loc>
        <image:title>Vaihtoehdot (T, T) ja (T, B) vertailussa
: Jos Anil käyttää Terminaattoria ja Bala biologista kasvinsuojelua, Anil on paremmassa mutta Bala huonommassa asemassa kuin siinä tapauksessa, että molemmat käyttävät Terminaattoria. Pareto-kriteerin perusteella ei voi ratkaista, kumpi allokaatioista on parempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-01-d.jpg</image:loc>
        <image:title>Mikään allokaatio ei Pareto-dominoi vaihtoehtoa (B, B)
: Mikään muista tulemista ei ole yläoikealla vaihtoehdosta (B, B), joten se ei ole Pareto-dominoitu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-02-c.jpg</image:loc>
        <image:title>Itsenäisesti viljelevän Angelan mahdollisuuksien raja, paras mahdollinen samahyötykäyrä ja valittu työaika.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-02-a.jpg</image:loc>
        <image:title>Mahdollisuuksien raja
: Kuviossa näkyy Angelan mahdollisuuksien raja, jonka määrää hänen tuotantofunktionsa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-02-b.jpg</image:loc>
        <image:title>Angelan paras vaihtoehto
: Angelan paras vaihtoehto mahdollisuuksien rajan sanelemissa puitteissa on työskennellä kahdeksan tuntia, pitää 16 tuntia vapaata ja tuottaa yhdeksän vakkaa viljaa. Tässä pisteessä C rajasubstituutiosuhde on yhtä suuri kuin rajamuunnossuhde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-03-e.jpg</image:loc>
        <image:title>Angelan ja Brunon vuorovaikutuksen mahdolliset tulemat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-03-a.jpg</image:loc>
        <image:title>Yhdistetty mahdollisuuksien raja
: Mahdollisuuksien raja näyttää, miten paljon Angelalla ja Brunolla on viljaa jaettavanaan, kun Angelan vapaa-aika vaihtelee. Jos Angela pitää 12 tuntia vapaata ja tekee 12 tuntia työtä, hän tuottaa 10,5 vakkaa viljaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-03-b.jpg</image:loc>
        <image:title>Mahdollinen allokaatio
: Piste E on Angelan ja Brunon vuorovaikutuksen yksi mahdollinen tulema.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-03-c.jpg</image:loc>
        <image:title>Jako pisteessä E
: Pisteessä E Angela työskentelee 12 tuntia ja tuottaa 10,5 vakkaa viljaa. Vilja jaetaan niin, että Bruno saa 5,25 vakkaa ja Angela saman verran omaan kulutukseensa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-03-d.jpg</image:loc>
        <image:title>Muita mahdollisia vaihtoehtoja
: Pisteessä F Angela tekee enemmän työtä kuin pisteessä E ja saa vähemmän viljaa. Pisteessä G Angela tekee enemmän työtä ja saa enemmän viljaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-d.jpg</image:loc>
        <image:title>Teknisesti mahdolliset tulemat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-a.jpg</image:loc>
        <image:title>Biologinen henkiinjäämisrajoite
: Jos Angela ei tee lainkaan työtä, hän tarvitsee 2,5 vakkaa viljaa pysyäkseen hengissä (piste Z). Jos hän luopuu osasta vapaa-ajastaan ja käyttää energiaa työntekoon, hän tarvitsee lisää ravintoa. Siksi käyrä nousee ylemmäksi, kun vapaa-aika vähenee. Vasemmalle nouseva käyrä kuvaa biologista henkiinjäämisrajoitetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-b.jpg</image:loc>
        <image:title>Biologisesti ja teknisesti mahdottomat pisteet
: Biologisen henkiinjäämisrajoitteen alapuolella olevat pisteet ovat biologisesti mahdottomia, kun taas mahdollisuuksien rajan yläpuoliset pisteet ovat teknisesti mahdottomia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-c.jpg</image:loc>
        <image:title>Angelan enimmäistyöaika
: Mahdollisuuksien raja sanelee Angelan enimmäistyöajan. Jos hän työskentelee enemmän, hän ei pysy hengissä, vaikka saisi kuluttaa kaiken tuottamansa viljan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-f.jpg</image:loc>
        <image:title>Pakkoallokaatio: suurin teknisesti mahdollinen siirto Angelalta Brunolle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-a.jpg</image:loc>
        <image:title>Bruno voi pakottaa Angelan työntekoon
: Bruno voi valita minkä tahansa vaihtoehdon teknisesti mahdollisesta joukosta. Hän miettii, antaisiko Angelan jatkaa kahdeksan tunnin työpäivää, jolloin tuotos on yhdeksän vakkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-b.jpg</image:loc>
        <image:title>Angela työskentelee kahdeksan tuntia
: Bruno voisi ottaa 5,5 vakkaa viljaa ja pystyisi jatkossakin käyttämään Angelan työpanosta hyväkseen. Tätä osoittaa mahdollisuuksien rajan ja henkiinjäämisrajoitteen välinen pystysuora etäisyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-c.jpg</image:loc>
        <image:title>Rajojen välinen enimmäisetäisyys
: Mahdollisuuksien rajan ja biologisen henkiinjäämisrajoitteen pystysuora etäisyys on suurimmillaan, kun Angela työskentelee 11 tuntia ja pitää 13 tuntia vapaata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-d.jpg</image:loc>
        <image:title>Allokaatio ja jako maksimietäisyydellä
: Jos Bruno käskee Angelan työskennellä 11 tuntia, Angela tuottaa kymmenen vakkaa viljaa ja tarvitsee neljä vakkaa pysyäkseen hengissä. Bruno saa pitää itsellään kuusi vakkaa (etäisyys AB).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-05-e.jpg</image:loc>
        <image:title>Työtuntien lisääntyessä henkiinjäämisraja jyrkkenee
: Jos Bruno pakottaa Angelan työskentelemään yli 11 tuntia, hänen saamansa viljamäärä laskee tuntien kasvaessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-06-c.jpg</image:loc>
        <image:title>Taloudellisesti mahdolliset tulemat, kun vaihdanta on vapaaehtoista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-06-a.jpg</image:loc>
        <image:title>Angelan reservaatio-optio
: Pisteessä Z Angela ei tee työtä ja saa vain hätäavustuksia valtiovallalta tai sukulaisiltaan. Se on hänen reservaatio-optionsa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-06-b.jpg</image:loc>
        <image:title>Angelan reservaatio-option samahyötykäyrä
: Käyrää, jonka pisteitä Angela arvostaa yhtä paljon kuin reservaatio-optiota, sanotaan reservaatio-option samahyötykäyräksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-a-c.jpg</image:loc>
        <image:title>Brunon ota tai jätä ‑tarjous, kun Angela voi kieltäytyä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-a-a.jpg</image:loc>
        <image:title>Brunon paras tulema pakkokeinotilanteessa
: Pakkokeinotilanteessa Bruno valitsi allokaation B. Hän pakotti Angelan tekemään työtä 11 tuntia ja sai viljaa janan AB verran. Pisteessä A rajamuunnossuhde on sama kuin Angelan henkiinjäämisrajoitteen rajasubstituutiosuhde pisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-a-b.jpg</image:loc>
        <image:title>Kun Angela voi kieltäytyä
: Kun vaihdanta on vapaaehtoista, piste B ei ole mahdollinen. Brunon kannalta paras vaihtoehto on piste D, jossa Angela tekee työtä kahdeksan tuntia ja Bruno saa viljaa janan CD verran.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-b-e.jpg</image:loc>
        <image:title>Brunon ota tai jätä ‑tarjous, kun Angela voi kieltäytyä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-b-a.jpg</image:loc>
        <image:title>Angelan työaika pakkokeinotilanteessa
: Kun Angela työskenteli pakon edessä, hänen työaikansa oli 11 tuntia. Rajamuunnossuhde oli sama kuin Angelan henkiinjäämisrajoitteen rajasubstituutiosuhde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-b-b.jpg</image:loc>
        <image:title>Brunon paras ota tai jätä ‑tarjous
: Kun Bruno ei voi pakottaa Angelaa työntekoon, hänen pitäisi tarjota sopimusta, jossa Angela maksaa hänelle 4,5 vakkaa viljaa maanvuokrana. Angela tekee työtä kahdeksan tuntia, jolloin rajamuunnossuhde on sama kuin Angelan reservaatio-option samahyötykäyrän rajasubstituutiosuhde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-b-c.jpg</image:loc>
        <image:title>Suurin mahdollinen ylijäämä
: Jos Angelan työaika on yli tai alle kahdeksan tuntia, kokonaisylijäämä on alle 4,5 vakkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-b-d.jpg</image:loc>
        <image:title>Brunon vilja
: Vaikka Bruno ei voi pakottaa Angelaa, hän voi saada koko ylijäämän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Pareto-tehokkuuskäyrä ja ylijäämän jakaminen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-a.jpg</image:loc>
        <image:title>Allokaatio pisteessä C
: Itsenäisenä viljelijänä Angela valitsi pisteen C, jossa MRT = MRS. Hän kulutti yhdeksän vakkaa viljaa: 4,5 vakkaa olisi riittänyt reservaatio-option samahyötykäyrän pisteeseen D, mutta hän sai lisäksi koko ylijäämän CD eli 4,5 vakkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-b.jpg</image:loc>
        <image:title>Allokaatio pisteessä D
: Kun Bruno omisti maan ja teki ota tai jätä ‑tarjouksen, hän valitsi sopimuksen, jossa maanvuokra oli CD (4,5 vakkaa). Angela hyväksyi tarjouksen ja teki työtä kahdeksan tuntia. Allokaatioksi tuli piste D, jossa jälleen MRT = MRS. Ylijäämä oli yhä CD, mutta sen sai kokonaan Bruno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-c.jpg</image:loc>
        <image:title>Angelan preferenssit
: Angelan rajasubstituutiosuhde ei muutu, kun hän kuluttaa enemmän viljaa. Pisteessä G ja kaikissa muissakin janan CD pisteissä samahyötykäyrän kulmakerroin on sama. Siksi MRS = MRT kaikissa pisteissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-d.jpg</image:loc>
        <image:title>Hypoteettinen allokaatio
: Piste G on hypoteettinen allokaatio, jossa MRS = MRT. Angela työskentelee kahdeksan tuntia ja tuottaa yhdeksän vakkaa viljaa. Bruno saa viljaa janan CG verran, ja Angela saa loput. Allokaatio G on Pareto-tehokas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-09-d.jpg</image:loc>
        <image:title>Lainsäädäntö vahvistaa Angelan neuvotteluvoimaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-09-a.jpg</image:loc>
        <image:title>Ennen työaikalakia
: Bruno tekee ota tai jätä ‑tarjouksen ja saa janan CD verran viljaa. Angela tekee työtä kahdeksan tuntia. Angela on reservaatio-option samahyötykäyrän pisteessä D, jossa MRS = MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-09-b.jpg</image:loc>
        <image:title>Mitä Angela saa ennen lakia
: Angela saa 4,5 vakkaa viljaa. Kahdeksan tunnin työskentely ja reservaatio-optio ovat hänelle samanveroisia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-09-c.jpg</image:loc>
        <image:title>Lain vaikutus
: Lain tultua voimaan työaika lyhenee neljään tuntiin ja Angelan viljamäärä säilyy ennallaan, jolloin hän siirtyy ylemmälle samahyötykäyrälle pisteeseen F. Brunon viljamäärä vähenee janasta CD janaksi EF (kaksi vakkaa).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-10-e.jpg</image:loc>
        <image:title>Neuvottelemalla takaisin Pareto-tehokkuuteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-10-a.jpg</image:loc>
        <image:title>Suurin mahdollinen kokonaisylijäämä
: Angelan ja Brunon kesken jaettava ylijäämä on suurimmillaan kahdeksan työtunnin kohdalla, kun MRT = MRS.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-10-b.jpg</image:loc>
        <image:title>Angela pitää vaihtoehtoa F parempana
: Angela pitää uuden lain jälkeistä vaihtoehtoa F parempana, koska hän saa silloin saman viljamäärän mutta enemmän vapaa-aikaa kuin pisteessä D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-10-c.jpg</image:loc>
        <image:title>Angelalle olisi parempikin vaihtoehto kuin F
: Allokaatioon F verrattuna Angela pitäisi parempana mitä tahansa allokaatiota, joka sijoittuu Pareto-tehokkuuskäyrälle pisteiden C ja G väliin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-10-d.jpg</image:loc>
        <image:title>Angela voi ehdottaa vaihtoehtoa H
: Vaihtoehdossa H Bruno saa saman verran viljaa: CH = EF. Angela saa enemmän hyötyä kuin allokaatiosta F. Hän tekee pitempää päivää, mutta ylimääräinen viljamäärä korvaa vapaa-ajan menetyksen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-11.jpg</image:loc>
        <image:title>Taloudellisen vuorovaikutuksen tulemien tärkeimmät taustatekijät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-12.jpg</image:loc>
        <image:title>Varallisuuden Lorenz-käyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-13.jpg</image:loc>
        <image:title>Sotasaaliin jako: Merirosvot ja Britannian kuninkaallinen laivasto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-14-a.jpg</image:loc>
        <image:title>Varallisuuden Lorenz-käyrä ja Gini-kerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-15-d.jpg</image:loc>
        <image:title>Markkinatulojen ja käytettävissä olevien tulojen jakauma Alankomaissa (2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-15-a.jpg</image:loc>
        <image:title>Markkinatulojen Lorenz-käyrä
: Käyrä osoittaa, että väestön köyhin kymmenen prosenttia (vaaka-akselin luku 10) saa vain 0,1 prosenttia kokonaistuloista (pystyakselin luku 0,1) ja väestön köyhin puolikas alle 20 prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-15-b.jpg</image:loc>
        <image:title>Markkinatulojen Gini-kerroin
: Gini-kerroin on alueen A (markkinatulokäyrän ja tasajakosuoran välinen alue) ja alueiden A ja B (tasajakosuoran alapuolella) summan suhdeluku, tässä esimerkissä 0,47.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-15-c.jpg</image:loc>
        <image:title>Käytettävissä olevat tulot
: Käytettävissä olevien tulojen erot ovat paljon pienemmät kuin markkinatuloerot. Tulonjakopolitiikka vaikuttaa etenkin jakauman alaosaan. Köyhin kymmenen prosenttia saa neljä prosenttia käytettävissä olevista tuloista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-16.jpg</image:loc>
        <image:title>Markkinatulojen ja käytettävissä olevien tulojen erot eri puolilla maailmaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-17.jpg</image:loc>
        <image:title>Tehokkuus ja reiluus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-18.jpg</image:loc>
        <image:title>Neuvottelutuloksia: miten maanvuokrauudistus laski Gini-kerrointa Länsi-Bengalissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-19.jpg</image:loc>
        <image:title>Lorenz-käyrä ja tasajakosuora.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-08-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-07-d.svg</image:loc>
        <image:title>The firm and market supply curves.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-07-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-h.svg</image:loc>
        <image:title>Beautiful Cars’ total, average, and marginal cost functions.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/15.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-15-header.jpg</image:loc>
        <image:title>25th Annual Sonoma County Hot Air Balloon Classic: Sean Freese, https://goo.gl/ET1nEi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-01.jpg</image:loc>
        <image:title>Inflaatio ja presidentinvaalien tulos Yhdysvalloissa 1912–2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-02-c.jpg</image:loc>
        <image:title>Kolme inflaation syytä: neuvotteluvoiman muutokset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-02-a.jpg</image:loc>
        <image:title>Omistajien neuvotteluvoima verrattuna kuluttajien neuvotteluvoimaan kasvaa
: Muutoksen syynä voi olla esimerkiksi kilpailun väheneminen (keskipitkän tai pitkän aikavälin vaikutus).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-02-b.jpg</image:loc>
        <image:title>Työntekijöiden valta verrattuna omistajiin kasvaa
: Syynä voi olla ammattiliitojen vahvistuminen (keskipitkän tai pitkän aikavälin vaikutus).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-03.jpg</image:loc>
        <image:title>Alkuperäinen Phillips-käyrä: Palkkainflaatio ja työttömyys 1861–1913.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/15-bill-phillips.jpg</image:loc>
        <image:title>Bill Phillips</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-mcq-03.jpg</image:loc>
        <image:title>Työmarkkinat
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-a.jpg</image:loc>
        <image:title>Inflaatio ja kamppailu potista: työmarkkinatasapainossa hintataso on vakaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-b-c.jpg</image:loc>
        <image:title>Inflaatio ja kamppailu potista: alhainen ja korkea työttömyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-b-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino pisteessä A
: Pisteessä A talous on työmarkkinatasapainossa. Palkanasetantakäyrän reaalipalkka on yhtä suuri kuin hinnanasetantakäyrän reaalipalkka. Tällöin yritysten vaatima reaalinen voitto työntekijää kohti ja työntekijöiden vaatima reaalipalkka ovat yhteensä yhtä suuret kuin työn tuottavuus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-b-b.jpg</image:loc>
        <image:title>Alhainen työttömyys pisteessä B
: Alhaisen työttömyyden vallitessa työntekijöiden palkkavaatimukset kovenevat, joten työntekijöiden palkkavaatimukset ja omistajien voittovaatimukset joutuvat ristiriitaan. Vaatimusten summa on työn tuottavuutta suurempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-box-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-c-c.jpg</image:loc>
        <image:title>Neuvottelukuilut, inflaatio ja Phillips-käyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-c-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino
: Neuvottelukuilu on nolla, samoin inflaatio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-c-b.jpg</image:loc>
        <image:title>Alhainen työttömyys
: Neuvottelukuilu ja inflaatio ovat positiivisia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-d-c.jpg</image:loc>
        <image:title>Lyhyen ja keskipitkän aikavälin mallit: kokonaiskysyntä, työllisyys ja inflaatio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-d-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino
: Kun kokonaiskysynnän taso tuottaa työmarkkinatasapainon mukaisen työllisyyden (normaali toimeliaisuuden taso), hintataso on vakaa ja inflaatio nolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-04-d-b.jpg</image:loc>
        <image:title>Noususuhdanne
: Korkeammalla kokonaiskysynnän tasolla – noususuhdanteessa – neuvottelukuilu ja inflaatio ovat positiivisia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-h.jpg</image:loc>
        <image:title>Phillips-käyrä ja poliittisen päättäjän preferenssit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-a.jpg</image:loc>
        <image:title>Poliittisen päättäjän preferenssit
: Puoliympyräkuvio esittää poliittisen päättäjän samahyötykäyriä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-b.jpg</image:loc>
        <image:title>Korkea työttömyys ja inflaatio
: Kun työllisyys ja inflaatio ovat hyvin korkeita, samahyötykäyrä on loiva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-c.jpg</image:loc>
        <image:title>Alempi työllisyys ja inflaatio
: Kun työllisyys ja inflaatio ovat alhaisempia, samahyötykäyrä on jyrkempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-d.jpg</image:loc>
        <image:title>Inflaatio kaksi prosenttia
: Kun inflaatio on kaksi prosenttia, samahyötykäyrä on pystysuora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-e.jpg</image:loc>
        <image:title>Täystyöllisyys
: Kun työllisyys on yhtä suuri kuin työn tarjonta, samahyötykäyrä on vaakasuora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-f.jpg</image:loc>
        <image:title>Päättäjälle paras tulema
: Päättäjälle paras inflaation ja työttömyyden yhdistelmä on pisteessä F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-05-g.jpg</image:loc>
        <image:title>Mahdollisuuksien joukko
: Päättäjä tekee valintansa Phillips-käyrän rajaamasta mahdollisuuksien joukosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>Yhdysvaltain Phillips-käyrät 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-a.jpg</image:loc>
        <image:title>Missä Phillips-käyrä kulkee?
: Pisteet kuvaavat inflaation ja työttömyyden yhdistelmiä Yhdysvalloissa vuosina 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-b.jpg</image:loc>
        <image:title>Siirtyvä käyrä
: Kuvio osoittaa, miten Phillips-käyrä on siirtynyt ajan mittaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-c.jpg</image:loc>
        <image:title>1960-luku
: 1960-luvun Phillips-käyrä (PK) kertoo talouden hyvästä tilasta. Sekä inflaatio että työttömyys pysyivät Yhdysvalloissa suhteellisen alhaisina.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-d.jpg</image:loc>
        <image:title>1970-luku
: 1970-luvun alussa Phillips-käyrä näyttää siirtyneen ylöspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-e.jpg</image:loc>
        <image:title>1970-luku
: 1970-luvun lopulla käyrä siirtyy vielä ylemmäksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-06-f.jpg</image:loc>
        <image:title>1980-luku
: 1980-luvun alussa käyrä siirtyy yhä ylemmäksi. Inflaation ja työttömyyden välinen vaihtosuhde huononee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-07-c.jpg</image:loc>
        <image:title>Neuvottelukuilu, odotettu inflaatio ja Phillips-käyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-07-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino
: Työmarkkinatasapainossa inflaatio on odotusten mukaisesti kolme prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-07-b.jpg</image:loc>
        <image:title>Noususuhdanne
: Työttömyyden laskettua syntyy kahden prosentin neuvottelukuilu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-box-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-box-c.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-09-c.jpg</image:loc>
        <image:title>Inflaatio-odotukset ja Phillips-käyrät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-09-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino pisteessä A
: Inflaatio on odotusten mukaisesti kolme prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-09-b.jpg</image:loc>
        <image:title>Noususuhdanne: ensimmäinen jakso pisteessä B
: Työttömyyden laskettua syntyy kahden prosentin neuvottelukuilu. Inflaatio on odotetun inflaation ja neuvottelukuilun summa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-10-d.jpg</image:loc>
        <image:title>Inflaatio, odotettu inflaatio ja neuvottelukuilu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-10-a.jpg</image:loc>
        <image:title>Ei neuvottelukuilua
: Inflaatio on odotusten mukaisesti kolme prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-10-b.jpg</image:loc>
        <image:title>Vuosi 1
: Vuonna 1 neuvottelukuilun muodostumisen ja sitä seuraavien palkkojen ja hintojen sopeutumisen jälkeen inflaatio on neuvottelukuilun (kaksi prosenttia) ja odotetun inflaation (kolme prosenttia) summa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-10-c.jpg</image:loc>
        <image:title>Vuosi 2
: Vuoden 2 alussa neuvottelukuilu ei muutu. Inflaatio nousee seitsemän prosenttia eli neuvottelukuilun ja odotetun inflaation summan verran.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-11-d.jpg</image:loc>
        <image:title>Öljysokki ja hinnanasetantakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-11-a.jpg</image:loc>
        <image:title>Työmarkkinatasapaino
: Talous on aluksi pisteessä A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-11-b.jpg</image:loc>
        <image:title>Öljysokki
: Öljyn hinta nousee ja siirtää hinnanasetantakäyrää alaspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-11-c.jpg</image:loc>
        <image:title>Neuvottelukuilu
: Jos kokonaiskysyntää ohjaillaan niin, että talous pysyy pisteessä A, syntyy positiivinen neuvottelukuilu. Inflaatio kasvaa vuosi vuodelta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-12.jpg</image:loc>
        <image:title>Ison-Britannian bruttokansantuotteen kasvu ja reaaliset öljynhinnat 1950–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-13.jpg</image:loc>
        <image:title>Ison-Britannian inflaatio ja työttömyysaste 1950–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-14.jpg</image:loc>
        <image:title>Rahapolitiikan välittymismekanismit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-15-c.jpg</image:loc>
        <image:title>Taantumaan joutuneen talouden vakauttaminen talouspolitiikalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-15-a.jpg</image:loc>
        <image:title>Hyödykemarkkinoiden tasapaino
: Talous on aluksi hyödykemarkkinoiden tasapainossa pisteessä A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-15-b.jpg</image:loc>
        <image:title>Taantuma
: Kulutuksen lasku siirtää kokonaiskysyntäsuoraa alaspäin, ja talous siirtyy taantumaan eli pisteeseen B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-16.jpg</image:loc>
        <image:title>Korko laskee Australiassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-18-d.jpg</image:loc>
        <image:title>Politiikka työllisyyden ja tuotannon tukena investointien laskun jälkeen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-18-a.jpg</image:loc>
        <image:title>Ennen laskuvaihetta
: Talous on pisteessä C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-18-b.jpg</image:loc>
        <image:title>Investointien lasku
: Kokonaiskysyntä siirtyy alaspäin. Talous siirtyy tilanteeseen, jossa työttömyys on korkeampi ja inflaatio matalampi (pisteestä C pisteeseen D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-18-c.jpg</image:loc>
        <image:title>Keskuspankki ja valtio reagoivat
: Koronlasku ja finanssipoliittinen elvyttäminen veronhuojennuksilla ja julkisten menojen lisäyksillä siirtävät kokonaiskysyntäsuoran takaisin lähtötasolleen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-20.jpg</image:loc>
        <image:title>Inflaatio ja keskuspankin itsenäisyys OECD-maissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-21.jpg</image:loc>
        <image:title>Vakaan inflaation työttömyysaste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-15-22.jpg</image:loc>
        <image:title>Hinta reagoi työllisyyden ja kapasiteetin käyttöasteen kasvuun.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/10.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-10-header.jpg</image:loc>
        <image:title>QR code on a market stall: Reuters/Alamy Stock Photo/Shailesh Andrade</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-01.svg</image:loc>
        <image:title>Wealth, income, depreciation, and consumption: The bathtub analogy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-i.svg</image:loc>
        <image:title>Borrowing, the interest rate, and the feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-a.svg</image:loc>
        <image:title>Julia has nothing
: Julia has no money now, but she knows that in the next period she will have $100.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-b.svg</image:loc>
        <image:title>Bringing future income to the present
: Julia could, for example, borrow $91 now and promise to pay the lender the $100 that she will have later. The interest rate would be 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-c.svg</image:loc>
        <image:title>Borrowing less
: At the same interest rate (10%), she could also borrow $70 to spend now, and repay $77 at the end of the year. In that case she would have $23 to spend next year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-d.svg</image:loc>
        <image:title>Borrowing even less
: At the same interest rate (10%), she could also borrow $30 to spend now, and repay $33 at the end of the year. In that case she would have $67 to spend next year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-e.svg</image:loc>
        <image:title>Julia’s feasible set
: The boundary of Julia’s feasible set is her feasible frontier, shown for the interest rate of 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-f.svg</image:loc>
        <image:title>Julia’s feasible frontier
: Julia can borrow now and choose any combination on her feasible frontier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-02-h.svg</image:loc>
        <image:title>A higher interest rate
: If, instead of 10%, the interest rate is 78%, Julia can only borrow a maximum of $56 now.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-a-e.svg</image:loc>
        <image:title>Consumption smoothing: Diminishing marginal returns to consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-a-a.svg</image:loc>
        <image:title>Julia’s choices
: The dashed line shows the combinations of consumption now and consumption later from which Julia can choose.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-a-b.svg</image:loc>
        <image:title>Diminishing marginal returns to consumption
: Julia’s indifference curve is bowed toward the origin as a consequence of diminishing marginal returns to consumption in each period: the more goods she has in the present, the less she values an additional one now relative to more in the future. The slope of the indifference curve is the marginal rate of substitution (MRS) between consumption now and consumption later.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-a-c.svg</image:loc>
        <image:title>What choices would Julia make?
: The MRS at C is high (the slope of her indifference curve is steep): Julia has little consumption now and a lot later, so diminishing marginal returns mean that she would like to move some consumption to the present. The MRS at E is low: She has a lot of consumption now and less later, so diminishing marginal returns mean that she would like to move some consumption to the future. So she will choose a point between C and E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-a-d.svg</image:loc>
        <image:title>MRS falls
: We can see that the MRS is falling as we move along the indifference curve from C to E: the slope is steeper at C than at E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-03-b.svg</image:loc>
        <image:title>Pure impatience.
: Pure impatience.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-f.svg</image:loc>
        <image:title>Moving consumption over time by borrowing.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-a.svg</image:loc>
        <image:title>Julia’s feasible frontier
: Julia wishes to get to the highest indifference curve but is limited by her feasible frontier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-b.svg</image:loc>
        <image:title>Julia’s best option
: When the interest rate is 10%, the highest attainable indifference curve will be the one that is tangent to the feasible frontier shown as point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-c.svg</image:loc>
        <image:title>MRS and MRT
: At this point, MRS = MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-d.svg</image:loc>
        <image:title>The decision to borrow
: At point F, her discount rate, ρ, exceeds r, the interest rate, so she would like to bring consumption forward in time. Similar reasoning eliminates all points on the feasible frontier except E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-04-e.svg</image:loc>
        <image:title>An increase in the interest rate
: If the interest rate at which she can borrow increases, the feasible set gets smaller.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-05.svg</image:loc>
        <image:title>Reservation indifference curves and endowments.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-f.svg</image:loc>
        <image:title>Smoothing consumption by storing and lending.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-a.svg</image:loc>
        <image:title>Marco has wealth today
: Marco has $100 of grain available now.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-b.svg</image:loc>
        <image:title>Marco’s feasible frontier
: The dark line shows Marco’s feasible frontier using storage, and the shaded area shows his feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-c.svg</image:loc>
        <image:title>Marco’s preferences
: Marco’s reservation indifference curve goes through his endowment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-d.svg</image:loc>
        <image:title>Marco’s decision to store
: Point H on Marco’s indifference curve denotes the amount of storage that he will choose.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-06-e.svg</image:loc>
        <image:title>Marco’s decision to lend
: The light line shows the feasible frontier when Marco lends at 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-07-c.svg</image:loc>
        <image:title>Investing in a high-return project.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-07-a.svg</image:loc>
        <image:title>The return on investment
: If Marco were to invest all of his grain, he could harvest $150 worth of grain later.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-07-b.svg</image:loc>
        <image:title>The return on investment
: The slope of the red line is −1.5, where the absolute value (1.5) is 1 plus the rate of return on the investment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-08-c.svg</image:loc>
        <image:title>Borrowing to invest in a high-return project.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-08-a.svg</image:loc>
        <image:title>Marco’s optimal choice when he can invest
: His optimal choice when he can invest is at point K.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-08-b.svg</image:loc>
        <image:title>Marco gets a loan
: If he could get a loan at 10%, he would be better off by investing everything he has. This expands his feasible set, as shown by the dotted red line.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-10.svg</image:loc>
        <image:title>Options for the individual (Marco) who starts with assets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-11.svg</image:loc>
        <image:title>A balance sheet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-mcq-07.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-14.svg</image:loc>
        <image:title>Banks, the central bank, borrowers, and savers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-18-e.svg</image:loc>
        <image:title>Interest rates and consumption spending.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-18-a.svg</image:loc>
        <image:title>Julia has no wealth now
: She expects to receive $100 in one year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-18-b.svg</image:loc>
        <image:title>The moneylender’s interest rate
: At the moneylender’s interest rate of 78%, she borrowed in order to spend $35 now (point G).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-18-c.svg</image:loc>
        <image:title>A lower interest rate
: At the interest rate of 10% she would borrow and spend $58 now (point E).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-18-d.svg</image:loc>
        <image:title>As the interest rate falls …
: The right-hand panel of the figure traces out Julia’s consumption spending now as the interest rate falls, with G and E corresponding to the same points in the left-hand panel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-mcq-10.svg</image:loc>
        <image:title>Julia’s indifference curve
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-0jddkoUl-5o.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-20.svg</image:loc>
        <image:title>Wealth, project quality, and credit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-21-c.svg</image:loc>
        <image:title>Inequality in a borrowing and lending economy. Note: The Gini coefficient when there are no borrowers excluded is 0.57; when 40 are excluded, it is 0.70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-21-a.svg</image:loc>
        <image:title>A model economy of lenders and borrowers
: An economy is composed of 90 farmers who borrow from 10 lenders. Since i = 0.10 and Π = 0.15, the lenders’ share of total income is 2/3 and the borrowers’ is 1/3. The Gini coefficient is 0.57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-10-21-b.svg</image:loc>
        <image:title>Some borrowers are credit market excluded
: Suppose that 40 of the prospective borrowers are excluded. Since they cannot borrow, they receive no income at all.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/22.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-22-header.jpg</image:loc>
        <image:title>Elections in South Africa: FARRELL/AP/REX/Shutterstock</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-01.jpg</image:loc>
        <image:title>El apartheid y su desaparición: el importe de la pensión de jubilación en Sudáfrica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-02.jpg</image:loc>
        <image:title>El crecimiento del sector público en el Reino Unido (1500–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-04-b.jpg</image:loc>
        <image:title>El dictador con visión de futuro prevé la renta política total que obtendrá con dos niveles diferentes de impuestos anuales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-04-a.jpg</image:loc>
        <image:title>Impuestos más altos
: El dictador anticipa que, si recauda T2 en impuestos, permanecerá en el cargo durante D2 años. Su renta política total será por tanto (T2 − C) D2, donde C es el costo de suministrar el bien público.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-05.jpg</image:loc>
        <image:title>La curva de duración: el dictador establece el impuesto para un costo dado del servicio público.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-06.jpg</image:loc>
        <image:title>El dictador elige un nivel de impuestos que maximice el total de sus rentas políticas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-08-c.jpg</image:loc>
        <image:title>El conjunto factible de impuestos y duración del gobierno en un sistema político relativamente poco competitivo y un sistema competitivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-08-a.jpg</image:loc>
        <image:title>Una dictadura
: En una dictadura, la curva de duración tiene mucha pendiente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-08-b.jpg</image:loc>
        <image:title>Una curva más plana
: La curva de duración más competitiva (más oscura) es más plana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-09.jpg</image:loc>
        <image:title>Elección del nivel de impuestos en condiciones cada vez menos competitivas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-10.jpg</image:loc>
        <image:title>Efecto de mayor estabilidad y competencia: un caso donde la élite gana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/22-kenneth-arrow.jpg</image:loc>
        <image:title>Kenneth Arrow</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-h.jpg</image:loc>
        <image:title>Vendedores de helados en la playa: el modelo del votante mediano aplicado a la competencia electoral y los programas de los partidos políticos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-a.jpg</image:loc>
        <image:title>Una sola vendedora
: Una sola vendedora, Abril, llega a la playa y sitúa su puesto de helados en A0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-b.jpg</image:loc>
        <image:title>Un segundo vendedor
: Un segundo vendedor, Bob, llega y se instala en B0, a medio camino entre Abril y el extremo derecho de la playa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-c.jpg</image:loc>
        <image:title>Bob se desplaza a la izquierda
: Bob se da cuenta de que podría aumentar sus ventas moviéndose hacia la izquierda, hacia donde está Abril, hasta situarse en el punto B1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-d.jpg</image:loc>
        <image:title>Abril responde …
: Debido a que su base de clientes se ha reducido, se desplaza de inmediato al lado derecho de Bob, a A1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-e.jpg</image:loc>
        <image:title>… y Bob responde de nuevo …
: Pero entonces Bob hará lo mismo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-f.jpg</image:loc>
        <image:title>Los dos vendedores siguen saltando de posición
: Los dos seguirán saltándose el uno al otro hasta que estén «espalda con espalda» en el medio de la playa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-11-g.jpg</image:loc>
        <image:title>El punto medio de la playa
: En este punto, ninguno tiene ningún incentivo para moverse, ya que han dividido a los clientes exactamente por la mitad. Se trata de un equilibrio de Nash conforme las reglas del juego que hemos establecido.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/22-albert-otto-hirschman.jpg</image:loc>
        <image:title>Albert O. Hirschman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-13.jpg</image:loc>
        <image:title>El avance de la democracia en el mundo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-14.jpg</image:loc>
        <image:title>Perfiles de gasto público en Finlandia, Estados Unidos y Corea del Sur (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-15.jpg</image:loc>
        <image:title>Responsabilidad democrática y transferencias de poder.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-10-flowchart.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-16.jpg</image:loc>
        <image:title>Duración de la democracia y horas de trabajo (2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-17.jpg</image:loc>
        <image:title>Duración de la democracia y desigualdad en el ingreso disponible (2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-18-a-c.jpg</image:loc>
        <image:title>Introducción de una prestación por desempleo: efectos a corto y largo plazo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-18-a-a.jpg</image:loc>
        <image:title>El statu quo
: El equilibrio de Nash se encuentra en el punto N. El nuevo gobierno introduce una prestación por desempleo que los trabajadores recibirán cuando estén sin trabajo, financiada por un impuesto sobre los beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-18-a-b.jpg</image:loc>
        <image:title>La consecuencia no buscada
: Esto aumenta la opción de reserva de los trabajadores empleados, de modo que los empleadores ahora tienen que pagar más para inducir a los trabajadores a trabajar mucho y bien. Esto se muestra en el punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-18-b.jpg</image:loc>
        <image:title>Combinación de la introducción de una prestación por desempleo con una política salarial de solidaridad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-19.jpg</image:loc>
        <image:title>Cotizaciones del mercado de valores de Chile: elección de un presidente socialista, 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-_rqi4dd7_B4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-20-a.jpg</image:loc>
        <image:title>Cotizaciones del mercado de valores de Chile: derrocamiento militar del gobierno socialista, 1973.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-20-b.jpg</image:loc>
        <image:title>Cotizaciones del mercado de valores de Chile: el referéndum de 1988 que termina con el gobierno militar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Como vimos en la figura 20.25a, los países con ingresos per cápita similares no necesariamente tienen niveles similares de emisiones de CO2 per cápita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>Como vimos en la figura 19.30a, los países de ingresos altos con un crecimiento similar en el PIB per cápita no necesariamente tienen niveles de desigualdad similares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-05-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-02-01.jpg</image:loc>
        <image:title>La elección de Ángela entre ocio y grano como agricultora independiente.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/21.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-21-header.jpg</image:loc>
        <image:title>World Wide Web : LyonLabs, LLC and Barrett Lyon, licensed under CC BY-NC 4.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-kYIcwNVk5y8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-02.jpg</image:loc>
        <image:title>Coûts et rentes associés à l’innovation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-03.jpg</image:loc>
        <image:title>Innovation en puissance de calcul : indice de vitesse de calcul. Certains exemples spécifiques sont indiqués en couleur et labellisés
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-04.jpg</image:loc>
        <image:title>Taux de croissance de la productivité sur le long terme (1400–2013)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-f.jpg</image:loc>
        <image:title>Décision d’innover quand les produits sont complémentaires.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-a.jpg</image:loc>
        <image:title>Commencez avec le joueur en ligne
: Commencez avec le joueur en ligne et demandez-vous : « Quelle serait la meilleure réponse à la décision d’innover du joueur en colonne ? »
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-b.jpg</image:loc>
        <image:title>La meilleure réponse
: La meilleure réponse serait Innover, car le gain est 1 plutôt que 0. Placez un point sur la cellule en haut à gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-c.jpg</image:loc>
        <image:title>La réponse du joueur en ligne
: Ensuite, demandez-vous quelle serait la meilleure réponse du joueur en ligne au choix du joueur en colonne de Ne pas innover : la réponse est Ne pas innover. Placez un point sur la cellule en bas à droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-d.jpg</image:loc>
        <image:title>Le raisonnement du joueur en colonne
: Maintenant, prenez la place du joueur en colonne. Quelle serait sa meilleure réponse à la stratégie Innover du joueur en ligne ? La réponse est Innover. Dessinez un cercle dans la cellule en haut à gauche – il y a maintenant un point au milieu d’un cercle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-06-e.jpg</image:loc>
        <image:title>La réponse du joueur en colonne
: Faites la même chose pour la réponse du joueur en colonne à la stratégie Ne pas innover du joueur en ligne. Il y a maintenant un point au milieu d’un cercle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-f.jpg</image:loc>
        <image:title>Décision d’innover quand les produits sont substituables.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-a.jpg</image:loc>
        <image:title>Commencez avec le joueur en ligne
: Commencez avec le joueur en ligne et demandez-vous : « Quelle serait la meilleure réponse à la décision d’innover du joueur en colonne ? »
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-b.jpg</image:loc>
        <image:title>La meilleure réponse
: La meilleure réponse serait Ne pas innover, car le gain est -0,5 plutôt que -1. Placez un point sur la cellule en bas à gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-c.jpg</image:loc>
        <image:title>La réponse du joueur en ligne
: Ensuite, demandez-vous quelle serait la meilleure réponse du joueur en ligne au choix du joueur en colonne de Ne pas innover : la réponse est Innover. Placez un point sur la cellule en haut à droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-d.jpg</image:loc>
        <image:title>Le raisonnement du joueur en colonne
: Maintenant, prenez la place du joueur en colonne. Quelle serait la meilleure réponse à la stratégie d’Innover du joueur en ligne ? La réponse est Ne pas innover. Dessinez un cercle dans la cellule en bas à gauche – il y a maintenant un point au milieu d’un cercle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-07-e.jpg</image:loc>
        <image:title>La réponse du joueur en colonne
: Faites la même chose pour la réponse du joueur en colonne à la stratégie du joueur en ligne de Ne pas innover. Il y a maintenant un point à l’intérieur d’un cercle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-mcq-03.jpg</image:loc>
        <image:title>Matrice des gains de deux entreprises selon qu’elles innovent ou pas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-08.jpg</image:loc>
        <image:title>Un bien intensif en connaissances : coût marginal, coût moyen et coûts du premier exemplaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-10-e.jpg</image:loc>
        <image:title>Valeur nette associée à la participation à un réseau.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-10-a.jpg</image:loc>
        <image:title>Bénéfice net de Betamax
: Le bénéfice net pour un consommateur d’acheter Betamax est donné par la ligne bleue, qui se lit de gauche à droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-10-b.jpg</image:loc>
        <image:title>Si tout le monde achète Betamax
: Le bénéfice net pour chaque acquéreur est montré sur la figure par ΠBmax, qui est égal à qBntotal − p. C’est le cas si Betamax est le format gagnant et capture l’ensemble du marché, ce qui correspond au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-10-c.jpg</image:loc>
        <image:title>Si personne n’achète Betamax
: Le bénéfice net pour un acquéreur serait négatif et égal au prix d’achat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-10-d.jpg</image:loc>
        <image:title>Bénéfice net de VHS
: La ligne rouge donne le bénéfice net pour un consommateur d’utiliser le format VHS. Le format VHS est le gagnant et capture l’ensemble du marché au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-r7vzgexzXOk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-a-e.jpg</image:loc>
        <image:title>Marché d’appariement biface : le cas d’Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-a-a.jpg</image:loc>
        <image:title>Nombre de personnes cherchant un appartement sur le site d’Airbnb
: Il dépend du nombre de personnes proposant un appartement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-a-b.jpg</image:loc>
        <image:title>Nombre d’appartements mis en ligne par les propriétaires
: Cela dépend du nombre de personnes cherchant un appartement, qui consultent le site d’Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-a-c.jpg</image:loc>
        <image:title>Point Z
: En Z, les deux courbes se croisent. Ce point est un équilibre de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-a-d.jpg</image:loc>
        <image:title>Si aucune personne cherchant un appartement ne consulte le site
: Aucun propriétaire ne mettra en ligne son appartement. Que personne n’agisse est dès lors un autre équilibre de Nash, illustré par O.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-b-e.jpg</image:loc>
        <image:title>Marché biface d’appariement : le cas d’Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-b-a.jpg</image:loc>
        <image:title>De nombreuses personnes cherchent un appartement
: Considérez le cas où il y a 876 personnes cherchant un appartement, mais seulement 300 annonceurs, au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-b-b.jpg</image:loc>
        <image:title>De nouveaux annonceurs rejoignent le marché
: Ceci encourage de nouveaux annonceurs à mettre en ligne leur bien (point C)…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-b-c.jpg</image:loc>
        <image:title>Réponse du côté de la demande
: Cela attire en retour de nouvelles personnes cherchant un appartement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-11-b-d.jpg</image:loc>
        <image:title>Équilibre stable
: La spirale ascendante mène au point Z, qui est un équilibre de Nash stable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/21-creative-commons-logo.jpg</image:loc>
        <image:title>Logo *Creative commons*</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-12-c.jpg</image:loc>
        <image:title>Brevets et production de nouvelles connaissances.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-12-a.jpg</image:loc>
        <image:title>Les connaissances anciennes aident à créer de nouvelles connaissances
: Les brevets ralentissent ce processus. Comme l’ont découvert Watt et Boulton, les brevets peuvent empêcher l’utilisation de certains aspects d’anciennes connaissances si ces aspects sont couverts par des brevets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-12-b.jpg</image:loc>
        <image:title>Les brevets encouragent l’innovation
: La création de nouvelles connaissances procure aux inventeurs à succès de la reconnaissance et des rentes d’innovation. Watt n’a pas inventé la machine à vapeur pour tirer profit du brevet qu’il en recevrait mais d’autres inventeurs sont fortement motivés par la perspective de commercialisation de leurs inventions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-F_W1V673YJg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-13-e.jpg</image:loc>
        <image:title>Coûts et rentes associés à l’innovation pour l’inventeur et les autres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-13-a.jpg</image:loc>
        <image:title>L’innovateur subit des coûts
: Les coûts de l’innovation sont représentés par le rectangle rouge.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-13-b.jpg</image:loc>
        <image:title>L’innovation est un succès
: L’entreprise crée des rentes d’innovation au-dessus des profits économiques : c’est le rectangle au-dessus de la ligne en pointillés de profits économiques nuls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-13-c.jpg</image:loc>
        <image:title>Un brevet
: L’entreprise bénéficie de rentes d’innovation pendant la durée du brevet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-13-d.jpg</image:loc>
        <image:title>Bénéfices pour les autres dans l’économie
: Le graphique inférieur montre les bénéfices tirés de l’innovation. Si l’innovation n’existait pas, personne n’en bénéficierait.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-14-c.jpg</image:loc>
        <image:title>Courbes d’iso-bénéfices : compromis entre les bénéfices de l’invention et ceux de la diffusion.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-14-a.jpg</image:loc>
        <image:title>Courbe d’iso-bénéfices
: La courbe descendante est une courbe d’indifférence appelée courbe d’iso-bénéfices. Le long de la courbe, les bénéfices totaux tirés d’une innovation sont constants et égaux à pIB.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-14-b.jpg</image:loc>
        <image:title>Rectangles touchant la courbe
: Tout rectangle dont l’un des sommets est sur la courbe a la même surface qu’un autre. Ceci est illustré par les points C et D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-15.jpg</image:loc>
        <image:title>Durée de brevet et probabilité d’innovation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-16.jpg</image:loc>
        <image:title>Ensemble des possibles : probabilité d’innovation et bénéfices pour le reste de l’économie
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-17-d.jpg</image:loc>
        <image:title>Probabilité d’innovation optimale pour la société.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-17-a.jpg</image:loc>
        <image:title>Maximiser les bénéfices espérés pour la société
: En combinant l’ensemble des possibles avec les courbes d’iso-bénéfices, nous pouvons déterminer la durée d’un brevet qui maximiserait les bénéfices espérés pour la société.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-17-b.jpg</image:loc>
        <image:title>Niveau le plus élevé possible des bénéfices totaux
: Il est situé au point de tangence A entre l’ensemble des possibles et la courbe d’iso-bénéfices la plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-17-c.jpg</image:loc>
        <image:title>Probabilité d’innover optimale
: Pour la société dans son ensemble, la probabilité d’innovation optimale est p*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-18-c.jpg</image:loc>
        <image:title>Durée optimale des brevets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-18-a.jpg</image:loc>
        <image:title>Probabilité optimale d’innover
: Étant donnés les bénéfices de l’innovation pour les autres, nous avons établi sur la Figure 21.17 que p* est la probabilité d’innovation optimale. Elle nous indique ce que devrait être la durée des brevets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-18-b.jpg</image:loc>
        <image:title>Durée optimale des brevets
: Si nous connaissons p*, nous pouvons utiliser la Figure 21.15 (reproduite ici à droite) pour déterminer la durée optimale des brevets d*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-21-mcq-09.jpg</image:loc>
        <image:title>La probabilité d’innover augmente avec la durée du brevet
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-3r1IPsldbBg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/21.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-21-header.jpg</image:loc>
        <image:title>World Wide Web: LyonLabs, LLC and Barrett Lyon, licensed under CC BY-NC 4.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-kYIcwNVk5y8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-02.svg</image:loc>
        <image:title>The costs and rents associated with innovations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-03.svg</image:loc>
        <image:title>Innovation in computing power: Index of computing speed. Particular examples are shown in colour and labelled.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-04.svg</image:loc>
        <image:title>The growth rate of productivity over the long run (1400–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-f.svg</image:loc>
        <image:title>The decision to innovate when products are complements.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-a.svg</image:loc>
        <image:title>Begin with the row player
: Begin with the row player and ask: ‘What would be the best response to the column player’s decision to innovate?’
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-b.svg</image:loc>
        <image:title>The best response
: The best response would be Innovate, since the payoff is 1 rather than 0. Place a dot in the top left-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-c.svg</image:loc>
        <image:title>The row player’s response
: Then ask what the row player’s best response would be to the column player’s choice of Do not innovate: the answer is Do not innovate. Place a dot in the bottom right-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-d.svg</image:loc>
        <image:title>The column player’s reasoning
: Now turn to the column player. What would be the best response to the row player’s strategy of Innovate? The answer is Innovate. Place an open circle in the top left-hand cell—there will now be a dot inside a circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-06-e.svg</image:loc>
        <image:title>The column player’s response
: Do the same for the column player’s response to row player’s strategy of Do not innovate. There is now a dot inside a circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-f.svg</image:loc>
        <image:title>The decision to innovate when products are substitutes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-a.svg</image:loc>
        <image:title>Begin with the row player
: Begin with the row player and ask: ‘What would be the best response to the column player’s decision to innovate?’
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-b.svg</image:loc>
        <image:title>The best response
: The best response would be Do not innovate, since the payoff is –0.5 rather than –1.0. Place a dot in the bottom left-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-c.svg</image:loc>
        <image:title>The row player’s response
: Then ask what the row player’s best response would be to the column player’s choice of Do not innovate: the answer is Innovate. Place a dot in the top right-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-d.svg</image:loc>
        <image:title>The column player’s reasoning
: Now turn to the column player. What would be the best response to the row player’s strategy of Innovate? The answer is Do not innovate. Place an open circle in the bottom left-hand cell—there will now be a dot inside a circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-07-e.svg</image:loc>
        <image:title>The column player’s response
: Do the same for the column player’s response to row player’s strategy of Do not innovate. There is now a dot inside a circle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-mcq-03.svg</image:loc>
        <image:title>A payoff matrix for two firms according to whether they innovate or not.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-08.svg</image:loc>
        <image:title>A knowledge-intensive good: Marginal, average, and first copy costs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-10-e.svg</image:loc>
        <image:title>The net value of becoming part of a network.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-10-a.svg</image:loc>
        <image:title>The net benefit of Betamax
: The net benefit to a consumer of Betamax is given by the blue line, reading from left to right.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-10-b.svg</image:loc>
        <image:title>If everyone buys Betamax
: The net benefit to each purchaser is shown in the figure by ΠBmax, which is equal to qBntotal − p. This is the case where Betamax is the winning format and takes all of the market, shown by point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-10-c.svg</image:loc>
        <image:title>If nobody buys Betamax
: The net benefit to a purchaser would be negative and equal to the price paid for it.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-10-d.svg</image:loc>
        <image:title>The net benefit of VHS
: The red line gives the net benefit to a consumer of the VHS format. The VHS format is the winner and takes all the market at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-r7vzgexzXOk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-a-e.svg</image:loc>
        <image:title>A two-sided matching market: The case of Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-a-a.svg</image:loc>
        <image:title>The number of apartment seekers checking the Airbnb site
: This depends on the number of those posting an apartment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-a-b.svg</image:loc>
        <image:title>The number of apartments posted by owners
: This depends on the number of apartment seekers checking the Airbnb site.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-a-c.svg</image:loc>
        <image:title>Point Z
: At Z, the two curves intersect. This point is a Nash equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-a-d.svg</image:loc>
        <image:title>If no apartment seekers are consulting the site
: No owners will post their apartment. Nobody doing anything is therefore another Nash equilibrium, as shown by O.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-b-e.svg</image:loc>
        <image:title>A two-sided matching market: The case of Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-b-a.svg</image:loc>
        <image:title>Many people seeking apartments
: Consider the case where there are 876 seekers but only 300 posters, at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-b-b.svg</image:loc>
        <image:title>New posters join the market
: This encourages new posters to list their site (point C) …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-b-c.svg</image:loc>
        <image:title>New seekers respond
: This in turn attracts new apartment seekers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-11-b-d.svg</image:loc>
        <image:title>A stable equilibrium
: The upward spiral leads to point Z, which is a stable Nash equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/21-creative-commons-logo.jpg</image:loc>
        <image:title>Creative commons logo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-12-c.svg</image:loc>
        <image:title>Patents and the production of new knowledge.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-12-a.svg</image:loc>
        <image:title>Old knowledge helps make new knowledge
: Patents slow down this process. As Watt and Boulton found out, patents can impede the use of some aspects of old knowledge that are covered by patents.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-12-b.svg</image:loc>
        <image:title>Patents encourage innovation
: The creation of new knowledge gives successful inventors recognition and innovation rents. Watt did not invent the steam engine to profit from the patent he would receive, but other innovators are strongly motivated by the prospect of commercializing their inventions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-F_W1V673YJg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-13-e.svg</image:loc>
        <image:title>Costs and rents associated with innovation for the inventor and others.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-13-a.svg</image:loc>
        <image:title>The innovator incurs costs
: The costs of innovation are shown by the red rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-13-b.svg</image:loc>
        <image:title>The innovation is successful
: The firm makes innovation rents above economic profits. This is the rectangle above the dotted zero economic profits line.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-13-c.svg</image:loc>
        <image:title>A patent
: The firm benefits from innovation rents for the life of the patent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-13-d.svg</image:loc>
        <image:title>The benefits to others in the economy
: The lower panel shows the benefits that arise from the innovation. If the innovation did not exist, there would be no benefits to others.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-14-c.svg</image:loc>
        <image:title>Isototal benefits curves: The trade-off between the benefits of invention and diffusion.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-14-a.svg</image:loc>
        <image:title>The isototal benefits curve
: The downward-sloping curve is an indifference curve, called an isototal benefits curve. Along the curve the total benefits arising from an innovation are equal to pIB and remain constant.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-14-b.svg</image:loc>
        <image:title>Rectangles that touch the curve
: Any rectangle with a corner on the curve has the same area as any other. Points C and D illustrate this.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-15.svg</image:loc>
        <image:title>Patent duration and probability of innovation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-16.svg</image:loc>
        <image:title>The feasible set: Innovation probability and benefits to others.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-17-d.svg</image:loc>
        <image:title>The optimal probability of innovation for society.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-17-a.svg</image:loc>
        <image:title>Maximizing expected benefits to society
: Combining the feasible set with the isototal benefits curves, we can determine the length of the patent that maximizes the expected benefits to society as a whole.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-17-b.svg</image:loc>
        <image:title>The highest attainable level of total benefits
: This is shown by the tangency of the isototal benefits curve with the feasible set at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-17-c.svg</image:loc>
        <image:title>The optimal probability of innovation
: From the perspective of society as a whole, the optimal probability of innovation is p*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-18-c.svg</image:loc>
        <image:title>The optimal patent duration.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-18-a.svg</image:loc>
        <image:title>The optimal probability of innovation
: Given the benefits of innovation to others, we established in Figure 21.17 that p* is the optimal probability of innovation. This can tell us what the duration of the patents should be.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-18-b.svg</image:loc>
        <image:title>The optimal duration of patents
: If we know p*, we can use Figure 21.15 (reporduced here in the right-hand panel) to determine the optimal duration of patents, d*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-21-mcq-09.svg</image:loc>
        <image:title>The probability of innovation as the duration of patents is increased
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-3r1IPsldbBg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/11.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-11-header.jpg</image:loc>
        <image:title>Santiago, Chile stock exchange: CORE</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-01.jpg</image:loc>
        <image:title>Capacidad de negociación y precios en el mercado mayorista de pescado de Kerala (14 de enero de 1997). (Nota: Dos mercados tuvieron el mismo resultado, con un precio de 6,2 rupias por kg).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/11-friedrich-hayek.jpg</image:loc>
        <image:title>Friedrich Hayek</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-f.jpg</image:loc>
        <image:title>Un incremento de demanda en un mercado competitivo: oportunidades para la búsqueda de rentas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-a.jpg</image:loc>
        <image:title>Equilibrio
: En el punto A, el mercado está en equilibrio a un precio de 8 dólares. La curva de oferta es la curva de costo marginal, así que el costo marginal de producir un sombrero es 8 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-b.jpg</image:loc>
        <image:title>Un shock exógeno de demanda
: El shock desplaza la curva de demanda a la derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-c.jpg</image:loc>
        <image:title>Exceso de demanda
: Al precio actual, el número de sombreros demandado excede el número ofertado (punto D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-d.jpg</image:loc>
        <image:title>Incremento del precio
: Cuando la demanda se incrementa, una vendedora de sombreros que observa la llegada de más compradores se dará cuenta de que puede obtener mayores ganancias subiendo el precio: podrá vender la misma cantidad de sombreros a cualquier precio que se encuentre entre los puntos A y B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-02-e.jpg</image:loc>
        <image:title>Incremento de la cantidad
: Si vende la misma cantidad que antes a un precio mayor, el precio excede el costo marginal de un sombrero, lo que implica que obtiene una renta económica. Ahora bien, podrá mejorar todavía más su situación si además incrementa la cantidad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-03.jpg</image:loc>
        <image:title>Resultados experimentales de Vernon Smith.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-exercise-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-04.jpg</image:loc>
        <image:title>Relación precio-cantidad para un único comprador en la lonja de pescado de Ancona.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-05.jpg</image:loc>
        <image:title>Relación precio-cantidad agregada en la lonja de mercado de Ancona.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-06-d.jpg</image:loc>
        <image:title>El mercado del pan a corto y largo plazo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-06-a.jpg</image:loc>
        <image:title>El equilibrio a corto plazo
: Al principio hay 50 panaderías. El mercado está en el equilibrio a corto plazo en el punto A. El precio de un pan es de 2 euros y los beneficios de las panaderías están por encima del nivel normal: están ganando rentas, así que habrá más panaderías que deseen entrar en el mercado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-06-b.jpg</image:loc>
        <image:title>Entran más empresas
: Cuando entran empresas nuevas, la curva de oferta se desplaza hacia la derecha. El nuevo equilibrio es en el punto B. El precio ha caído a 1,75 euros. Ahora hay más panaderías vendiendo más pan en total, pero cada una está produciendo menos que antes y obteniendo menores beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-06-c.jpg</image:loc>
        <image:title>El precio todavía sigue por encima del costo medio
: En B, el precio aún está por encima del costo medio: las panaderías están obteniendo beneficios superiores a lo normal. Este es solo un equilibrio a corto plazo porque querrán entrar más empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-07.jpg</image:loc>
        <image:title>Precios mundiales del petróleo expresados en precios constantes (1865–2014) y el consumo mundial de petróleo (1965–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-08-e.jpg</image:loc>
        <image:title>El mercado mundial del petróleo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-08-a.jpg</image:loc>
        <image:title>Oferta de la OPEP
: Los miembros de la OPEP pueden incrementar fácilmente su producción dentro de su actual capacidad productiva, sin incrementar el costo marginal c. Las cuotas de la OPEP limitan su producción total a QOPEP.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-08-b.jpg</image:loc>
        <image:title>Oferta de los no-OPEP
: Los países que no pertenecen a la OPEP pueden producir petróleo al mismo costo marginal c hasta que se acercan a su capacidad máxima, punto en el que el costo marginal crece abruptamente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-08-c.jpg</image:loc>
        <image:title>Curva de oferta mundial
: La oferta mundial total es la suma de la producción de la OPEP más la de otros países a cada precio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-08-d.jpg</image:loc>
        <image:title>El precio de equilibrio del petróleo
: La curva de demanda tiene mucha pendiente: la demanda mundial es inelástica a corto plazo. En equilibrio, el precio es P0 y el consumo total de petróleo Q0 es igual a QOPEP + Qno - OPEP.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-09.jpg</image:loc>
        <image:title>Los shocks del precio del petróleo de la OPEP en la década de 1970: la OPEP reduce su producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-10.jpg</image:loc>
        <image:title>Shocks del precio del petróleo de los años 2000 a 2008: el crecimiento económico incrementa la demanda mundial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-11.jpg</image:loc>
        <image:title>Precio de las acciones de News Corp y volumen negociado (7 de mayo de 2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-12-d.jpg</image:loc>
        <image:title>Buenas noticias sobre la rentabilidad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-12-a.jpg</image:loc>
        <image:title>El equilibrio inicial
: Inicialmente, el mercado está en equilibrio en el punto A: se venden 6000 acciones cada hora a un precio de 16,50 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-12-b.jpg</image:loc>
        <image:title>Buenas noticias sobre la rentabilidad
: Buenas noticias sobre la rentabilidad futura de News Corp desplazan simultáneamente la curva de demanda …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-12-c.jpg</image:loc>
        <image:title>Buenas noticias sobre la rentabilidad
: … y la curva de oferta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-do0yzpMrOn4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-14.jpg</image:loc>
        <image:title>La burbuja tecnológica: Índice Compuesto Nasdaq (1995–2004).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>El inicio de una burbuja para las acciones de FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-15-a.jpg</image:loc>
        <image:title>El precio inicial
: Inicialmente, el precio de una acción de la empresa Flying Car Corporation (FCC) es de 50 dólares en la curva de demanda más baja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-15-b.jpg</image:loc>
        <image:title>La respuesta a buenas noticias
: Cuando agentes e inversores potenciales reciben buenas noticias sobre la rentabilidad futura esperada, la curva de demanda se desplaza a la derecha y el precio sube a 60 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-15-c.jpg</image:loc>
        <image:title>El efecto de un incremento en el precio
: Al observar el incremento en el precio, los compradores potenciales lo interpretan como otra buena noticia. La curva de demanda se desplaza hacia arriba, simplemente porque el precio se ha incrementado y el precio sube nuevamente a 70 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-16.jpg</image:loc>
        <image:title>Retroalimentación positiva y negativa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-17-e.jpg</image:loc>
        <image:title>Un equilibrio estable en el mercado de acciones de FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-17-a.jpg</image:loc>
        <image:title>El precio de equilibrio
: El panel izquierdo muestra las curvas de oferta y demanda en un mercado en que el precio de equilibrio es P0. La línea de 45° del panel derecho muestra que cuando el precio en el periodo t es P0, el precio en el periodo t + 1 será el mismo. No hay tendencia al cambio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-17-b.jpg</image:loc>
        <image:title>Un shock en el precio
: Suponga que, tras una irregularidad transitoria en la demanda de acciones, el precio en este mercado es P1. Hay exceso de oferta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-17-c.jpg</image:loc>
        <image:title>El precio se ajusta
: La CDP muestra que si el precio de este periodo es P1, entonces será P2 en el siguiente periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-17-d.jpg</image:loc>
        <image:title>Las creencias moderan las subidas de precios
: Dado que la CDP es más plana que la línea de 45°, P2 está más cerca del equilibrio que P1. Los inversores están influenciados por sus creencias sobre el valor fundamental de FCC, que es P0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-18.jpg</image:loc>
        <image:title>Un equilibrio inestable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-19.jpg</image:loc>
        <image:title>El derrumbe del precio de las acciones de FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-20.jpg</image:loc>
        <image:title>El valor del bitcoin (2013–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-21.jpg</image:loc>
        <image:title>Exceso de demanda de entradas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-h.jpg</image:loc>
        <image:title>Alquileres inmobiliarios y rentas económicas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-a.jpg</image:loc>
        <image:title>El mercado se sitúa en un equilibrio
: Inicialmente el mercado alcanza un equilibrio con 8000 arrendamientos a un alquiler de 500 euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-b.jpg</image:loc>
        <image:title>Un incremento en la demanda
: Ahora suponga que hay un incremento en la demanda de arrendamientos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-c.jpg</image:loc>
        <image:title>El alquiler sube
: La oferta de viviendas para arrendar es inelástica, al menos a corto plazo. El nuevo alquiler para el que el mercado alcanza un equilibrio es de 830 euros, mucho mayor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-d.jpg</image:loc>
        <image:title>¿Un techo al alquiler?
: Suponga que las autoridades de la ciudad imponen un techo al alquiler de 500 euros. Los propietarios seguirán ofreciendo 8000 arrendamientos, así que habrá exceso de demanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-e.jpg</image:loc>
        <image:title>El lado corto del mercado
: Cuando el precio está por debajo del precio al que el mercado alcanza un equilibrio, los ofertantes están en el lado corto del mercado. Ellos, y no los demandantes, determinan el número de arrendamientos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-f.jpg</image:loc>
        <image:title>Algunas personas pagarían mucho más
: Hay 12 000 personas en el lado largo del mercado. Solo 8000 consiguen un arrendamiento. Hay 8000 personas dispuestas a pagar 1100 euros o más, pero los arrendamientos no se asignan necesariamente a las personas con la mayor disposición a pagar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-22-g.jpg</image:loc>
        <image:title>Un mercado secundario
: Si fuera legal, algunos inquilinos podrían subarrendar sus alojamientos a cambio de un alquiler de 1100 euros y obtendrían una renta de 600 euros (la diferencia entre 1100 euros y el alquiler regulado de 500 euros).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-03-header.jpg</image:loc>
        <image:title>Old clock mechanisms: Jose Ignacio Soto/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-01.jpg</image:loc>
        <image:title>Ore di lavoro per anno e reddito pro capite (1870–2000).
: Ore di lavoro per anno e reddito pro capite (1870–2000).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-02.jpg</image:loc>
        <image:title>Ore di tempo libero per anno per lavoratore e PIL pro capite (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-i.jpg</image:loc>
        <image:title>Come le ore di studio influenzano il voto di Alexei
: Come le ore di studio influenzano il voto di Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-a.jpg</image:loc>
        <image:title>La funzione di produzione di Alexei
: La curva rappresenta la funzione di produzione di Alexei, che mostra come l’input ore di studio determini l’output voto all’esame.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-b.jpg</image:loc>
        <image:title>Quattro ore di studio al giorno
: Se Alexei studiasse 4 ore al giorno prenderebbe 50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-c.jpg</image:loc>
        <image:title>Dieci ore di studio al giorno
: … e se studiasse 10 ore al giorno prenderebbe 81.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-d.jpg</image:loc>
        <image:title>Il voto massimo di Alexei
: Se studiasse 15 ore al giorno, conseguirebbe il voto massimo, 90. Se studiasse ancora di più, ciò non avrebbe alcuna influenza sul voto: oltre tale valore la curva diventa piatta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-e.jpg</image:loc>
        <image:title>Aumentare le ore di studio da 4 a 5
: Aumentando le ore di studio da 4 a 5, Alexei aumenta il voto di da 50 a 57. Quindi, quando le ore di studio sono 4, la produttività marginale di un’ora di studio è pari a 7.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-f.jpg</image:loc>
        <image:title>Aumentare le ore di studio da 10 a 11
: Se le ore di studio passano da 10 a 11, il voto finale aumenta da 81 a 84. Quando le ore di studio sono 10, la produttività marginale è quindi 3. Quando ci muoviamo lungo la curva, l’inclinazione della curva diminuisce e la produttività marginale di un’ulteriore ora di studio diminuisce. La produttività marginale è decrescente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-g.jpg</image:loc>
        <image:title>La produttività media di un ora di studio
: Quando Alexei studia quattro ore al giorno, la sua produttività media è 50/4=12,5, che è l’inclinazione della retta che congiunge quel punto all’origine degli assi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-05-h.jpg</image:loc>
        <image:title>La produttività marginale è minore dela produttività media
: Quando Alexei studia 4 ore al giorno la produttività media è 12,5; quando studia 10 ore è minore (81/10 = 8,1). La produttività media diminuisce quando ci si muove lungo la curva. Su ogni punto della curva la produttività marginale (l’inclinazione della curva) è minore dela produttività media (l’inclinazione del segmento che congiunge il punto con l’origine degli assi).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-g.jpg</image:loc>
        <image:title>Una rappresentazione grafica delle preferenze di Alexei
: Una rappresentazione grafica delle preferenze di Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-a.jpg</image:loc>
        <image:title>A parità di voto, Alexei preferisce avere più tempo libero
: Le combinazioni A e B comportano lo stesso voto, 84, ma Alexei preferirà A perché ha più ore di tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-b.jpg</image:loc>
        <image:title>A parità di tempo libero, Alexei preferisce ottenere un voto più alto
: In C e in D Alexei ha 20 ore di tempo libero al giorno, ma egli preferisce D perché gli dà un voto maggiore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-c.jpg</image:loc>
        <image:title>Indifferenza
: … ma non sappiamo se Alexei preferisca A o E. Pertanto glielo chiediano, e Alexei ci risponde di essere indifferente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-d.jpg</image:loc>
        <image:title>Altre combinazioni danno la stessa utilità
: Alexei dichiara che F è un’altra combinazione di voto e tempo libero che gli dà lo stesso livello di utilità di A e E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-e.jpg</image:loc>
        <image:title>Costruire la curva di indifferenza
: Ponendogli altre domande, scopriamo che Alexei è indifferente fra tutte le combinazioni rappresentate dai punti indicati fra A e D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-06-f.jpg</image:loc>
        <image:title>Costruire la curva di indifferenza
: Collegando insieme questi punti tracciamo la curva d’indifferenza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-f.jpg</image:loc>
        <image:title>Il saggio marginale di sostituzione
: Il saggio marginale di sostituzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-a.jpg</image:loc>
        <image:title>Le curve di indifferenza di Alexei
: Il grafico mostra tre curve d’indifferenza di Alexei. La curva situata più a sinistra mostra il livello più basso di soddisfazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-b.jpg</image:loc>
        <image:title>Il punto A
: Nel punto A, Alexei ha 15 ore di tempo libero e il suo voto è 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-c.jpg</image:loc>
        <image:title>Alexei è indifferente tra A ed E
: Egli sarebbe disposto a muoversi da A a E, rinunciando a 9 voti per ottenere un’ora di tempo libero in più. Il suo saggio marginale di sostituzione è quindi pari a 9. La curva d’indifferenza è piuttosto ripida in A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-d.jpg</image:loc>
        <image:title>Alexei è indifferente tra H e D
: Nel punto H egli è disposto a rinunciare a 4 voti per ottenere un’ora di tempo libero in più. Il suo SMS è 4. Quando ci si muove lungo la curva d’indifferenza il SMS diminuisce, perché i voti diventano più scarsi rispetto al tempo libero. La curva d’indifferenza diventa meno ripida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-07-e.jpg</image:loc>
        <image:title>Tutte le combinazioni con 15 ore di tempo libero
: Esaminiamo tutte le combinazioni con 15 ore di tempo libero. Sulla più bassa curva d’indifferenza il voto è basso e il SMS è ridotto. Alexei sarebbe disposto a rinunciare a pochi voti per un’ora di tempo libero in più. Quando ci muoviamo lungo la retta verticale la curva d’indifferenza diventa più ripida: il SMS aumenta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-i.jpg</image:loc>
        <image:title>Come la scelta di Alexei relativa al tempo libero influenza il voto finale
: Come la scelta di Alexei relativa al tempo libero influenza il voto finale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-a.jpg</image:loc>
        <image:title>La frontiera possibile
: Questa curva, denominata frontiera possibile, mostra il più alto voto finale che Alexei può ottenere dato il numero di ore di tempo libero di cui gode. Con 24 ore di tempo libero, il suo voto sarebbe zero. Studiando di più e quindi diminuendo le ore di tempo libero, Alexei può ottenere un voto maggiore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-b.jpg</image:loc>
        <image:title>Una combinazione possibile
: Se Alexei scegliesse 13 ore di tempo libero al giorno, potrebbe ottenere un voto di 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-c.jpg</image:loc>
        <image:title>Combinazioni non fattibili
: Date le capacità di Alexei e le condizioni in cui studia, in circostanze normali egli non potrà avere 20 ore di tempo libero al giorno e sperare di prendere un voto di 70 (ricordiamoci che nel nostro esempio la fortuna non gioca alcun ruolo). Quindi B non è una combinazione di voto e tempo libero possibile (fattibile).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-d.jpg</image:loc>
        <image:title>Una combinazione possibile
: Il voto più alto che Alexei può ottenere con 19 ore di tempo libero è 57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-e.jpg</image:loc>
        <image:title>All’interno della frontiera
: La combinazione D è possibile, ma in questo caso Alexei starebbe sprecando o voti o tempo libero. Infatti egli potrebbe ottenere un voto più alto con le stesse ore di tempo libero o avere più tempo libero continuando a prendere lo stesso voto (70) all’esame finale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-f.jpg</image:loc>
        <image:title>L’insieme possibile
: La frontiera e l’area al suo interno compongono l’insieme possibile. (Un insieme è una collezione di oggetti—in questo caso di tutte combinazioni possibili di voto e tempo libero).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-g.jpg</image:loc>
        <image:title>Il costo opportunità del tempo libero
: Nel punto A Alexei potrebbe ottenere un’ora di tempo libero in più rinunciando a 3 voti all’esame finale. Il costo opportunità del tempo libero in termini di voti è quindi 3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-09-h.jpg</image:loc>
        <image:title>Il costo opportunità varia
: Quanto più tempo libero ha Alexei, tanto maggiore sarà la produttività marginale dello studio, e quindi tanto più elevato sarà il costo opportunità del tempo libero. Nel punto C il costo opportunità di un’ora di tempo libero in più sarà pari a 7 voti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-g.jpg</image:loc>
        <image:title>Quante ore deciderà di studiare Alexei?
: Quante ore deciderà di studiare Alexei?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-a.jpg</image:loc>
        <image:title>Quale punto sceglierà Alexei?
: Il grafico mette insieme le curve d’indifferenza e la frontiera possibile di Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-b.jpg</image:loc>
        <image:title>Combinazioni fattibili
: Tutte le combinazioni comprese fra A e B lungo la curva d’indifferenza IC1 sono possibili perché sono all’interno dell’insieme possibile. Supponiamo che Alexei scelga uno di questi punti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-c.jpg</image:loc>
        <image:title>Si può fare meglio
: Tutte le combinazioni nella area a forma di lente compresa fra la curva IC1 e la frontiera possibile sono possibili, e danno un livello di utilità maggiore delle combinazioni che si trovano lungo la curva IC1. Ad esempio, uno spostamento verso C aumenterebbe l’utilità di Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-d.jpg</image:loc>
        <image:title>Si può fare meglio
: Spostarsi da un punto sulla curva IC1 al punto C sulla IC2 aumenterebbe l’utilità di Alexei, e lo stesso aumento vi sarebbe passando da B a D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-e.jpg</image:loc>
        <image:title>La migliore combinazione possibile
: Ma Alexei può aumentare ulteriormente la sua utilità muovendosi nell’area a forma di lente al di sopra della curva IC2. Egli può continuare a trovare combinazioni possibili su curve d’indifferenza più alte, fino a che non raggiunge E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-10-a-f.jpg</image:loc>
        <image:title>La migliore combinazione possibile
: Nel punto E, Alexei ha 19 ore di tempo libero e consegue un voto di 57. Qui la sua utilità è massima: si trova sulla più alta curva d’indifferenza ottenibile data la sua frontiera possibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-12-d.jpg</image:loc>
        <image:title>Come il progresso tecnico influenza la funzione di produzione
: Come il progresso tecnico influenza la funzione di produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-12-a.jpg</image:loc>
        <image:title>La tecnologia iniziale
: La tabella mostra come la quantità di grano prodotta dipenda dal numero di ore di lavoro al giorno. Ad esempio: se Angela lavora 12 ore al giorno, produrrà 64 unità di grano, il punto B del grafico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-12-b.jpg</image:loc>
        <image:title>Un miglioramento tecnologico
: Un miglioramento tecnologico fa sì che una quantità maggiore di grano possa essere prodotta con una stessa quantità di ore di lavoro. La funzione di produzione si sposta verso l’alto da FP a FPnuova.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-12-c.jpg</image:loc>
        <image:title>Più grano con la stessa quantità di lavoro
: Con la nuova tecnologia, se Angela lavorasse 12 ore al giorno, potrebbe produrre 74 unità di grano (il punto C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-13.jpg</image:loc>
        <image:title>Un miglioramento tecnologico amplia l’insieme possibile di Angela
: Un miglioramento tecnologico amplia l’insieme possibile di Angela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-14-d.jpg</image:loc>
        <image:title>La scelta di Angela fra tempo libero e consumo di grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-14-a.jpg</image:loc>
        <image:title>La massimizzazione dell’utilità con la tecnica originaria
: Il grafico mostra un insieme possibile con la funzione di produzione originaria (prima del cambiamento tecnologico) e la curva d’indifferenza di Angela relativa a tempo libero e grano. La più elevata curva d’indifferenza che ella può raggiungere è IC3, scegliendo il punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-14-b.jpg</image:loc>
        <image:title>SMS = SMT per massimizzare l’utilità
: La sua scelta ottimale è il punto A sulla frontiera possibile, cui corrispondono 16 ore di tempo libero al giorno e un consumo di 55 unità di grano. Nel punto A, il SMS di Angela è uguale al SMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-14-c.jpg</image:loc>
        <image:title>Il progresso tecnico
: Un miglioramento tecnologico espande l’insieme possibile di Angela, che ora può scegliere punti migliori di A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-mcq-09-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-mcq-09-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-15-d.jpg</image:loc>
        <image:title>La scelta ottima fra tempo libero e consumo
: La scelta ottima fra tempo libero e consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-15-a.jpg</image:loc>
        <image:title>Il vincolo di bilancio
: La retta continua è il vincolo di bilancio: mostra la massima quantità di consumo che è possibile avere per ogni livello di tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-15-b.jpg</image:loc>
        <image:title>L’inclinazione del vincolo di bilancio
: L’inclinazione del vincolo di bilancio è uguale al salario, 15 $ (in valore assoluto). Questo è il SMT (il tasso al quale è possibile trasformare tempo libero in consumo) ed è anche il costo opportunità del tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-15-c.jpg</image:loc>
        <image:title>L’insieme possibile
: Il vincolo di bilancio e la frontiera possibile, mentre l’area al di sotto del vincolo è l’insieme possibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-17.jpg</image:loc>
        <image:title>L’effetto di un aumento del reddito sulla scelta fra tempo libero e consumo
: L’effetto di un aumento del reddito sulla scelta fra tempo libero e consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-18.jpg</image:loc>
        <image:title>L’effetto di un aumento del reddito quando il SMS non varia all’aumentare del consumo
: L’effetto di un aumento del reddito quando il SMS non varia all’aumentare del consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-a.jpg</image:loc>
        <image:title>L’effetto di un aumento del salario sulla scelta tra tempo libero e consumo.
: L’effetto di un aumento del salario sulla scelta tra tempo libero e consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-f.jpg</image:loc>
        <image:title>L’effetto di un aumento del salario sulla scelta di tempo libero e consumo
: L’effetto di un aumento del salario sulla scelta di tempo libero e consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-a.jpg</image:loc>
        <image:title>Un aumento del salario
: Quando il salario è uguale a 15 $, la scelta ottima è nel punto A. Quando il salario aumenta a 25 $, la retta di bilancio diventa più inclinata e l’insieme possibile si espande.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-b.jpg</image:loc>
        <image:title>Ora è possibile raggiungere una curva di indifferenza più alta
: Il punto D su IC4 garantisce la più alta utilità possibile. Nel punto D, il SMS è uguale al nuovo salario di 25 $. Si hanno solo 17 ore di tempo libero, ma il consumo è aumentato a 175 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-c.jpg</image:loc>
        <image:title>Se il costo opportunità del tempo libero non fosse cambiato
: La retta tratteggiata mostra cosa sarebbe avvenuto se il reddito fosse stato sufficiente a raggiungere IC4 in assenza di una modifica nel costo opportunità del tempo libero. In questo caso la scelta ottima sarebbe stata C, con più tempo libero rispetto a D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-d.jpg</image:loc>
        <image:title>L’effetto reddito
: La variazione da A a C è chiamato effetto reddito dell’aumento del salario; di per sé, tale effetto porterebbe a scegliere più tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-19-b-e.jpg</image:loc>
        <image:title>L’effetto sostituzione
: L’aumento del costo opportunità del tempo libero rende il vincolo di bilancio più ripido. Questo modifica la scelta ottimale, spingendo a scegliere D invece di C, con meno tempo libero. Questo è l’effetto di sostituzione dell’aumento del salario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-20-e.jpg</image:loc>
        <image:title>Il modello applicato alla storia: l’aumento dei consumi e del tempo libero negli USA (1900–2013)
: Il modello applicato alla storia: l’aumento dei consumi e del tempo libero negli USA (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-20-a.jpg</image:loc>
        <image:title>Usiamo il modello per spiegare il cambiamento storico
: Possiamo usare il nostro modello per spiegare la variazione intervenuta tra il 1900 e il 2013 nel tempo libero giornaliero e nei consumi giornalieri da parte dei lavoratori dipendenti negli Stati Uniti. Le rette indicano gli insiemi possibili nel 1900 e nel 2013, mentre la loro pendenza indica il salario reale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-20-b.jpg</image:loc>
        <image:title>Le curve di indifferenza
: Abbiamo tracciato le curve di indifferenza ipotizzando che i lavoratori abbiano scelto la combinazione preferita di ore di lavoro e beni di consumo tra quelle possibili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-20-c.jpg</image:loc>
        <image:title>L’effetto reddito
: Il passaggio da A a C rappresenta l’effetto reddito, dovuto alla crescita dei salari; di per sé, tale effetto avrebbe portato ad un aumento della domanda di tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-20-d.jpg</image:loc>
        <image:title>L’effetto di sostituzione
: L’aumento del costo opportunità del tempo libero ha spinto i lavoratori a scegliere D invece che C, riducendo il tempo libero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-FrIhloNEwT8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-21.jpg</image:loc>
        <image:title>Valori stimati di ore di lavoro e di tempo libero (1880, 1995, 2040)
: Valori stimati di ore di lavoro e di tempo libero (1880, 1995, 2040).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-23-c.jpg</image:loc>
        <image:title>Usare il modello per spiegare la scelta fra tempo libero e consumi nei diversi paesi (2013)
: La scelta fra tempo libero e consumi in diversi paesi (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-23-a.jpg</image:loc>
        <image:title>Differenze tra paesi
: Possiamo usare il nostro modello e i dati della tabella 3.5 per capire le differenze tra paesi. Le rette mostrano gli insiemi possibili di tempo libero e consumi per i cinque paesi considerati nella tabella 3.5.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-23-b.jpg</image:loc>
        <image:title>Le curve di indifferenza
: Tracciamo delle curve d’indifferenza che diano conto delle scelte nei diversi paesi. Tali curve non sono ottenute dai dati, ma hanno forme plausibili e compatibili con i dati osservati.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-03-exercise-11.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/13.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-13-header.jpg</image:loc>
        <image:title>An impending storm: 80 trading 24, https://goo.gl/je7HmL, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-01.jpg</image:loc>
        <image:title>Työttömyyden ja hyvinvoinnin muutokset finanssikriisissä: empiiristä näyttöä Yhdysvaltain osavaltioista 2007–2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-02-b.jpg</image:loc>
        <image:title>Ison-Britannian bruttokansantuote asukasta kohti, 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-02-a.jpg</image:loc>
        <image:title>Vuotuinen kasvunopeus vuoden 1921 jälkeen
: Oikeanpuoleisessa kaaviossa käyrän kulmakerroin (musta katkoviiva) vastaa talouden keskimääräistä kasvunopeutta vuosina 1921–2014. Se oli 2,0 prosenttia vuodessa. Kaaviosta nähdään kasvun pysyneen vakaana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-03-d.jpg</image:loc>
        <image:title>Ison-Britannian bruttokansantuotteen kasvu ja työttömyysaste 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-03-a.jpg</image:loc>
        <image:title>Bruttokansantuotteen kasvu ja työttömyys Isossa-Britanniassa
: Kaaviot esittävät Ison-Britannian bruttokansantuotteen kasvua ja työttömyysastetta vuosina 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-03-b.jpg</image:loc>
        <image:title>Huippuja ja pohjia
: Nuolet osoittavat 1980- ja 1990-lukujen taitteen suhdannesyklin huippua ja pohjaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-03-c.jpg</image:loc>
        <image:title>Vuoden 2008 finanssikriisi
: Bruttokansantuotteen ja työttömyyden vaihtelu oli 2000-luvulla vähäistä, kunnes vuonna 2008 puhkesi finanssikriisi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-mcq-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-04-a.jpg</image:loc>
        <image:title>Eksponentiaalisesti kasvava funktio logaritmisella asteikolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-04-b.jpg</image:loc>
        <image:title>Luonnollinen logaritmi lineaarisella asteikolla ja lineaarinen funktio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-05.jpg</image:loc>
        <image:title>Okunin laki eräissä talouksissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-flowchart-01.jpg</image:loc>
        <image:title>Tuotannon kasvu hidastuu → Työttömyysaste nousee → Hyvinvointi vähenee
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-06.jpg</image:loc>
        <image:title>Kiertokulkumalli ja bruttokansantuotteen kolme mittaustapaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-a-e.jpg</image:loc>
        <image:title>Maatalouden vaikutus suhdannevaihteluun Isossa-Britanniassa, 1550–1700.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-a-a.jpg</image:loc>
        <image:title>Bruttokansantuotteen kasvu vuosina 1550–1700
: Kuvio esittää reaalisen bruttokansantuotteen ja sen kolmen pääsektorin kasvunopeutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-a-b.jpg</image:loc>
        <image:title>Maatalous
: Maataloussektorin tuotanto vaihtelee aivan ilmeisesti paljon muita enemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-a-c.jpg</image:loc>
        <image:title>Teollisuus
: Teollisuuden tuotannon keskimääräinen vuosivaihtelu oli vuosina 1550–1700 kolmasosa maataloussektorin vaihtelusta …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-a-d.jpg</image:loc>
        <image:title>Palvelut
: … ja palvelusektorin tuotannon vaihtelu alle kymmenesosa maatalouden vaihtelusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-09-b.jpg</image:loc>
        <image:title>Maatalouden vaikutus suhdannevaihteluun Intiassa 1961–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-10-c.jpg</image:loc>
        <image:title>Kulutuksen tasaaminen eri elämänvaiheissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-10-a.jpg</image:loc>
        <image:title>Tulot eri elämänvaiheissa
: Sininen viiva kuvaa tulojen kehitystä eri elämänvaiheissa: se on aluksi matala, nousee päätöksentekijän edetessä urallaan ja laskee hänen jäädessään eläkkeelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-10-b.jpg</image:loc>
        <image:title>Kulutusmenot
: Punainen viiva kuvaa kulutusmenoja. Se on tasainen työuran alusta lähtien.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-11-c.jpg</image:loc>
        <image:title>Kulutus ja luottorajoitteet: odotettavissa tulojen lisäys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-11-a.jpg</image:loc>
        <image:title>Tulot eri elämänvaiheissa
: Siniset viivat kertovat, että kummankin kotitalouden tulokehitys on samanlaista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-11-b.jpg</image:loc>
        <image:title>Kulutuksen tasaaminen
: Ylemmän kaavion punainen viiva kuvaa sitä, että kulutusta tasaavassa kotitaloudessa kulutus muuttuu heti, kun tieto tulojen lisäyksestä tulee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-f.jpg</image:loc>
        <image:title>Luottorajoitteiset ja luottokelpoiset: odottamaton tilapäinen tulonmenetys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-a.jpg</image:loc>
        <image:title>Tulot molempina ajankohtina samat
: Kotitalous saa nykyhetkenä ja seuraavana ajankohtana yhtä suuret tulot y, mitä vastaa lähtötilannepiste A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-b.jpg</image:loc>
        <image:title>Luottokelpoinen kotitalous
: Korkokanta on r. Jos kotitaloudella on mahdollisuus lainata ja säästää, se voi valita minkä tahansa pisteen budjettirajoitesuoralta, jonka kulmakerroin on –(1 + r).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-c.jpg</image:loc>
        <image:title>Tasaamispreferenssi
: Oletetaan, että kotitalous kuluttaa mieluiten yhtä paljon molempina ajanjaksoina. Tätä kuvaa piste A, jossa samahyötykäyrä sivuaa budjettirajoitetta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-d.jpg</image:loc>
        <image:title>Negatiivinen sokki
: Oletetaan nyt, että kotitaloutta kohtaa odottamaton mutta tilapäinen negatiivinen tulosokki (esimerkiksi katovuosi), jonka seurauksena nykyhetken tulot pienenevät arvoon y′ mutta seuraavan vuoden odotettavissa olevat tulot pysyvät ennallaan arvossa y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-12-e.jpg</image:loc>
        <image:title>Budjettirajoite
: Jos kotitaloudella on mahdollisuus lainata ja säästää, budjettirajoitteen kulmakerroin pysyy ennallaan arvossa –(1 + r), mutta rajoite kulkee pisteen A′ kautta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-13-c.jpg</image:loc>
        <image:title>Tahdon heikkous: odotettavissa tulojen väheneminen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-13-a.jpg</image:loc>
        <image:title>Tulokehitys
: Siniset viivat kertovat, että kummankin kotitalouden tulokehitys on samanlaista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-13-b.jpg</image:loc>
        <image:title>Kulutuksen tasaaminen
: Ylemmän kaavion punainen viiva kuvaa sitä, miten kulutustaan tasaava kotitalous muuttaa kulutustaan. Kun se saa kuulla tulojensa pienenevän, se ryhtyy heti säästämään voidakseen täydentää kulutustaan tulojen laskettua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-14.jpg</image:loc>
        <image:title>Investoinnit uusiin teknologioihin ja IT-kupla, 1991–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-15.jpg</image:loc>
        <image:title>Tulevaa kysyntää koskevat pessimistiset odotukset johtavat noidankehään.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-16.jpg</image:loc>
        <image:title>Tulevaa kysyntää koskevat optimistiset odotukset synnyttävät hyvän kierteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-17.jpg</image:loc>
        <image:title>Investointipäätös koordinaatiopelinä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-18.jpg</image:loc>
        <image:title>Euroalueen investoinnit ja yritysten luottamus talouteen, 1996–2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-19-a.jpg</image:loc>
        <image:title>Kulutuksen, investointien ja bruttokansantuotteen kasvunopeus Isossa-Britanniassa ja Yhdysvalloissa, prosenttia vuodessa, 1956–2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-19-b.jpg</image:loc>
        <image:title>Kulutuksen, investointien ja bruttokansantuotteen kasvunopeus Meksikossa ja Etelä-Afrikassa, prosenttia vuodessa, 1961–2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-20-a.jpg</image:loc>
        <image:title>Ison-Britannian bruttokansantuotteen kasvu, 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-20-b.jpg</image:loc>
        <image:title>Ison-Britannian työttömyysaste, 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-20-c.jpg</image:loc>
        <image:title>Ison-Britannian inflaatio, 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-13-21.jpg</image:loc>
        <image:title>Inflaation voimakkuus ja vaihtelu rikkaissa ja köyhissä talouksissa.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-05-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-01-01.jpg</image:loc>
        <image:title>Courbes d’indifférence exhibant la propriété selon laquelle le TMS dépend uniquement du temps libre.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/0-4-preface.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/preface-camila-cea.jpg</image:loc>
        <image:title>Camila Cea
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-12.jpg</image:loc>
        <image:title>Sanapilvi, jossa suurimpana näkyy eriarvoisuus-sana
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-08-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-09-a-d.svg</image:loc>
        <image:title>Equilibrium in the bread market: Gains from trade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-05-01-02.svg</image:loc>
        <image:title>Consumer and producer surplus when the price and quantity are not at their equilibrium values.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/10.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-10-header.jpg</image:loc>
        <image:title>Code QR sur un étalage : Reuters/Alamy Stock Photo/Shailesh Andrade</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-01.jpg</image:loc>
        <image:title>Richesse, revenu, dépréciation et consommation : l’analogie de la baignoire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-h.jpg</image:loc>
        <image:title>L’emprunt, le taux d’intérêt et l’ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-a.jpg</image:loc>
        <image:title>Julia n’a rien
: Julia n’a pas d’argent maintenant, mais elle sait qu’à la période suivante, elle aura 100 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-b.jpg</image:loc>
        <image:title>Transférer du revenu futur dans le présent
: Julia pourrait, par exemple, emprunter 91 $ maintenant et promettre au prêteur de lui payer les 100 $ qu’elle aura plus tard. Le taux d’intérêt serait de 10 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-c.jpg</image:loc>
        <image:title>Emprunter moins
: Au même taux d’intérêt (10 %), elle pourrait aussi emprunter 70 $ pour les dépenser aujourd’hui, et rembourser 77 $ à la fin de l’année. Dans ce cas, il lui resterait 23 $ à dépenser l’année suivante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-d.jpg</image:loc>
        <image:title>Emprunter moins
: Au même taux d’intérêt (10 %), elle pourrait aussi emprunter 30 $ pour les dépenser aujourd’hui, et rembourser 33 $ à la fin de l’année. Dans ce cas, il lui resterait 67 $ à dépenser l’année suivante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-e.jpg</image:loc>
        <image:title>La frontière des possibles de Julia
: La frontière de l’ensemble des possibles de Julia est sa frontière des possibles, représentée pour un taux d’intérêt de 10 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-f.jpg</image:loc>
        <image:title>La frontière des possibles de Julia
: Elle peut emprunter aujourd’hui et choisir n’importe quelle combinaison sur sa frontière des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-02-g.jpg</image:loc>
        <image:title>Un taux d’intérêt plus élevé
: Si, au lieu de 10 %, le taux d’intérêt s’établit à 78 %, Julia peut seulement emprunter un montant maximum de 56 $ aujourd’hui.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-a-e.jpg</image:loc>
        <image:title>Lissage de la consommation : rendements marginaux décroissants de la consommation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-a-a.jpg</image:loc>
        <image:title>Choix de Julia
: La droite en pointillés montre les combinaisons de consommation présente et de consommation future que Julia peut choisir.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-a-b.jpg</image:loc>
        <image:title>Rendements marginaux décroissants de la consommation
: La courbe d’indifférence de Julia est incurvée en direction de l’origine des axes en raison des rendements marginaux décroissants de la consommation à chaque période : plus elle a de biens dans le présent, moins elle accorde de valeur à un bien supplémentaire dans le présent par rapport à plus de biens dans le futur. La pente de la courbe d’indifférence est le taux marginal de substitution (TMS) entre la consommation présente et la consommation future.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-a-c.jpg</image:loc>
        <image:title>Quels seraient les choix de Julia ?
: Le TMS au point C est élevé (la pente de sa courbe d’indifférence est forte) : Julia consomme peu maintenant et beaucoup dans le futur, ainsi les rendements marginaux décroissants signifient qu’elle aimerait déplacer une partie de sa consommation vers le présent. Le TMS au point E est bas : Julia a beaucoup de consommation présente et moins de consommation future, donc les rendements marginaux décroissant signifient qu’elle aimerait transférer une partie de sa consommation dans le futur. Par conséquent, elle choisira un point entre C et E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-a-d.jpg</image:loc>
        <image:title>Le TMS chute
: Nous pouvons observer que le TMS chute lorsque l’on se déplace le long de la courbe d’indifférence de C à E : la pente est plus forte en C qu’en E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-03-b.jpg</image:loc>
        <image:title>Impatience pure
: Impatience pure
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-f.jpg</image:loc>
        <image:title>Transférer la consommation dans le temps en empruntant.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-a.jpg</image:loc>
        <image:title>La frontière des possibles de Julia
: Julia souhaite atteindre sa courbe d’indifférence la plus élevée, mais elle est contrainte par sa frontière des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-b.jpg</image:loc>
        <image:title>La meilleure option de Julia
: Quand le taux d’intérêt est de 10 %, la courbe d’indifférence la plus élevée possible sera celle qui est tangente à la frontière des possibles, comme indiqué au point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-c.jpg</image:loc>
        <image:title>TMS et TMT
: En ce point, TMS = TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-d.jpg</image:loc>
        <image:title>La décision d’emprunter
: Au point F, son taux d’actualisation, ρ, dépasse r, le taux d’intérêt, donc elle aimerait transférer vers le présent de la consommation. Un raisonnement similaire élimine tous les points sur la frontière des possibles, à l’exception de E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-04-e.jpg</image:loc>
        <image:title>Une hausse du taux d’intérêt
: Si le taux d’intérêt auquel elle peut emprunter augmente, cela réduit son ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-05.jpg</image:loc>
        <image:title>Courbes d’indifférence de réserve et dotations
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-f.jpg</image:loc>
        <image:title>Lisser la consommation par le stockage et le prêt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-a.jpg</image:loc>
        <image:title>Marco est riche aujourd’hui
: Marco a 100 $ de céréales disponibles aujourd’hui.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-b.jpg</image:loc>
        <image:title>La frontière des possibles de Marco
: La droite foncée montre la frontière des possibles de Marco s’il utilise le stockage et l’aire ombrée foncée montre son ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-c.jpg</image:loc>
        <image:title>Les préférences de Marco
: La courbe d’indifférence de réserve de Marco passe par son point de dotation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-d.jpg</image:loc>
        <image:title>La décision de Marco de stocker
: Le point H sur la courbe d’indifférence de Marco indique la quantité de stockage qu’il va choisir.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-06-e.jpg</image:loc>
        <image:title>La décision de Marco de prêter
: La droite claire montre la frontière des possibles quand Marco prête à un taux de 10 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-07-c.jpg</image:loc>
        <image:title>Investir dans un projet à haut rendement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-07-a.jpg</image:loc>
        <image:title>Le retour sur investissement
: Si Marco devait investir la totalité de ses céréales, il pourrait récolter l’équivalent de 150 $ de céréales plus tard.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-07-b.jpg</image:loc>
        <image:title>Le retour sur investissement
: La pente de la droite rouge est de -1,5, où la valeur absolue (1,5) correspond à 1 + le taux de rendement de l’investissement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-08-c.jpg</image:loc>
        <image:title>Emprunter pour investir dans un projet à haut rendement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-08-a.jpg</image:loc>
        <image:title>Le choix optimal de Marco quand il peut investir
: Son choix optimal quand il peut investir est au point K.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-08-b.jpg</image:loc>
        <image:title>Marco obtient un prêt
: S’il pouvait obtenir un prêt à un taux de 10 %, il serait dans une situation plus avantageuse en investissant tout ce qu’il a. Cela augmenterait son ensemble des possibles comme indiqué par la droite rouge en pointillés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-10.jpg</image:loc>
        <image:title>Options d’une personne (Marco) dotée d’actifs
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-11.jpg</image:loc>
        <image:title>Un bilan
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-14.jpg</image:loc>
        <image:title>Les banques, la banque centrale, les emprunteurs et les épargnants
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-18-e.jpg</image:loc>
        <image:title>Taux d’intérêt et dépenses de consommation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-18-a.jpg</image:loc>
        <image:title>Julia n’a pas de richesse aujourd’hui
: Elle s’attend à recevoir 100 $ dans un an.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-18-b.jpg</image:loc>
        <image:title>Taux d’intérêt du prêteur non institutionnel
: Au taux d’intérêt de 78 % du prêteur non institutionnel, elle emprunte afin de pouvoir dépenser 35 $ maintenant (point G).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-18-c.jpg</image:loc>
        <image:title>Taux d’intérêt plus faible
: Avec un taux d’intérêt à 10 %, elle emprunterait et dépenserait 58 $ maintenant (point E).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-18-d.jpg</image:loc>
        <image:title>Lorsque le taux d’intérêt baisse…
: Le graphique de droite montre la dépense de consommation de Julia dans le présent quand le taux d’intérêt baisse. Les points G et E correspondent aux mêmes points que ceux du graphique de gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-0jddkoUl-5o.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-20.jpg</image:loc>
        <image:title>Richesse, qualité du projet et crédit
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-21-c.jpg</image:loc>
        <image:title>L’inégalité dans une économie d’emprunt et de prêt. Note : le coefficient de Gini sans aucun emprunteur exclu vaut 0,57 ; quand 40 sont exclus, il vaut 0,70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-21-a.jpg</image:loc>
        <image:title>Un modèle d’économie de prêteurs et d’emprunteurs
: Une économie est composée de 90 fermiers qui empruntent à 10 prêteurs. Puisque i = 0,10 et Π = 0,15, la part des prêteurs dans le revenu total est 2/3 et celle des emprunteurs est 1/3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-10-21-b.jpg</image:loc>
        <image:title>Certains emprunteurs sont exclus du marché du crédit
: Supposons que 40 des emprunteurs potentiels soient exclus. Puisqu’ils ne peuvent pas emprunter, ils ne touchent aucun revenu.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/07.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-07-header.jpg</image:loc>
        <image:title>Publicité Ford de 1955 : courtesy Ford Motor Company ; photograph by Don O’Brien, https://goo.gl/0qfEU7</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-01.jpg</image:loc>
        <image:title>Taille des entreprises aux États-Unis : nombre de salariés (1900–2006)
: Taille des entreprises aux États-Unis : nombre de salariés (1900–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-02.jpg</image:loc>
        <image:title>Les décisions d’une entreprise
: Les décisions d’une entreprise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-03.jpg</image:loc>
        <image:title>Estimation de la demande pour les Cheerios pomme-cannelle
: Estimation de la demande pour les Cheerios pomme-cannelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-a.jpg</image:loc>
        <image:title>Courbes d’isoprofit pour la production de Cheerios pomme-cannelle. Note : les données d’isoprofit sont présentées à des fins uniquement illustratives et ne reflètent pas la vraie rentabilité du produit
: Courbes d’isoprofit pour la production de Cheerios pomme-cannelle. Note : les isoprofits sont présentés à des fins uniquement illustratives et ne reflètent pas la vraie rentabilité du produit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-f.jpg</image:loc>
        <image:title>Courbes d’isoprofit
: Ce graphique montre plusieurs courbes d’isoprofit pour les Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-b.jpg</image:loc>
        <image:title>Courbe d’isoprofit : 60 000 $
: Vous pourriez obtenir des profits de 60 000 $ en vendant 60 000 livres au prix de 3 $, ou 20 000 livres à 5 $, ou 10 000 livres à 8 $, et ainsi de suite. La courbe indique toutes les manières possibles d’obtenir des profits de 60 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-c.jpg</image:loc>
        <image:title>Courbe d’isoprofit : 34 000 $
: La courbe d’isoprofit de 34 000 $ indique toutes les combinaisons de P et Q pour lesquelles les profits sont égaux à 34 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-d.jpg</image:loc>
        <image:title>Courbe d’isoprofit : 23 000 $
: Plus les courbes d’isoprofit sont proches de l’origine, plus elles correspondent à un niveau de profits faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-e.jpg</image:loc>
        <image:title>Courbe d’isoprofit : 10 000 $
: Le coût de chaque livre de Cheerios est 2 $, de sorte que profit = (P − 2) × Q. Cela signifie que les courbes d’isoprofit sont descendantes. Afin de réaliser un profit de 10 000 $, P doit être très élevé si Q est inférieur à 8 000. Cependant, si Q = 80 000, vous pourriez réaliser ce niveau de profit avec un P faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-a-d.jpg</image:loc>
        <image:title>Choix du prix et de la quantité maximisant les profits pour les Cheerios pomme-cannelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-a-a.jpg</image:loc>
        <image:title>Choix maximisant les profits
: Le dirigeant de l’entreprise voudrait choisir une combinaison de P et Q sur la courbe d’isoprofit la plus élevée possible dans l’ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-a-b.jpg</image:loc>
        <image:title>Profit nul
: La droite horizontale montre le choix du prix et de la quantité pour lesquels le profit est nul : si vous fixiez un prix de 2 $, vous vendriez chaque livre de céréales à un prix égalant son coût.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-a-c.jpg</image:loc>
        <image:title>Choix maximixant les profits
: Le dirigeant choisirait un prix et une quantité correspondant à un point de la courbe de demande. Tout point en dessous de la courbe de demande serait possible, comme vendre 8 000 livres de céréales à un prix de 3 $, mais vous feriez davantage de profits en augmentant le prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-g.jpg</image:loc>
        <image:title>Choix du prix et de la quantité maximisant les profits pour les Cheerios pomme-cannelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-a.jpg</image:loc>
        <image:title>Fonction de profit
: L’entreprise peut calculer ses profits à chaque point de la courbe de demande.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-b.jpg</image:loc>
        <image:title>Profit pour de faibles quantités
: Quand la quantité est faible, les profits sont faibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-c.jpg</image:loc>
        <image:title>Hausse des profits
: Lorsque la quantité augmente, les profits augmentent jusqu’à ce que…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-d.jpg</image:loc>
        <image:title>Profit maximum
: … les profits atteignent leur maximum au point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-e.jpg</image:loc>
        <image:title>Chute des profits
: Au-delà de E, les profits diminuent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-05-b-f.jpg</image:loc>
        <image:title>Profit nul
: Les profits tombent à zéro lorsque le prix est égal au coût unitaire de 2 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-g.jpg</image:loc>
        <image:title>Beautiful Cars : fonction de coût et coût moyen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-a.jpg</image:loc>
        <image:title>Fonction de coût
: Le graphique supérieur présente la fonction de coût, C(Q). Elle indique le coût total pour chaque niveau de production, Q.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-b.jpg</image:loc>
        <image:title>Coûts fixes
: Certains coûts ne varient pas avec le nombre de voitures. Par exemple, une fois que l’entreprise a décidé de la taille de l’usine et acheté les biens d’équipement nécessaires, ces coûts resteront stables quel que soit le niveau de la production. On les appelle coûts fixes. Quand Q = 0, les seuls coûts sont les coûts fixes, F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-c.jpg</image:loc>
        <image:title>Les coûts totaux sont croissants
: Quand Q augmente, le coût total augmente également et l’entreprise a besoin d’employer plus d’ouvriers. Au point A, 20 voitures sont produites (nous appelons ce niveau Q0), pour un coût de 80 000 $ (appelé C0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-d.jpg</image:loc>
        <image:title>Coût moyen
: Si l’entreprise produit 20 voitures par jour, le coût moyen d’une voiture est C0 divisé par Q0, ce qui correspond à la pente de la droite passant par l’origine et A. Le coût moyen est maintenant 80 000 $/20 = 4 000 $. Nous avons tracé le coût moyen au point A sur le graphique inférieur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-e.jpg</image:loc>
        <image:title>Baisse du coût moyen
: Quand la production dépasse A, les coûts fixes sont partagés sur davantage de voitures. Le coût moyen baisse. Au point B, le coût total est de 136 000 $ et le coût moyen de 3 400 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-f.jpg</image:loc>
        <image:title>Hausse du coût moyen
: Le coût moyen est le plus faible au point B. Lorsque la production augmente et dépasse B, la droite passant par l’origine devient de nouveau plus pentue. Au point D, le coût moyen a augmenté à 3 600 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>Coût marginal d’une voiture.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-a.jpg</image:loc>
        <image:title>Coût total, coût moyen et coût marginal
: Le graphique supérieur présente la fonction de coût (également appelée « courbe de coût total »). Le graphique inférieur présente la courbe de coût moyen. Nous représentons également le coût marginal sur le graphique inférieur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-b.jpg</image:loc>
        <image:title>Coût total
: Supposez que l’entreprise produise 20 voitures au point A. Le coût total est de 80 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-c.jpg</image:loc>
        <image:title>Coût marginal
: Le coût marginal est le coût associé à une augmentation de la production de 20 à 21 voitures. Cela entraîne une augmentation des coûts totaux par une quantité que nous appelons ∆C, égale à 2 200 $. Le triangle tracé au point A montre qu’à ce point, le coût marginal est égal à la pente de la fonction de coût.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-d.jpg</image:loc>
        <image:title>Coût marginal au point A
: Nous avons représenté le coût marginal au point A sur le graphique inférieur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-e.jpg</image:loc>
        <image:title>Coût marginal au point D
: Au point D, où Q = 60, la fonction de coût est beaucoup plus pentue. Le coût marginal associé à la production d’une voiture supplémentaire est plus élevé : ∆C = 4 600 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-f.jpg</image:loc>
        <image:title>Coût marginal au point B
: Au point B, la courbe est plus pentue qu’au point A, mais plus plate qu’au point D : Cm = 3 400 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-g.jpg</image:loc>
        <image:title>Fonction de coût
: Regardez la forme de la fonction de coût dans son ensemble. Lorsque Q = 0, elle est assez plate, de sorte que le coût marginal est faible. Lorsque Q augmente, la fonction de coût devient plus pentue et le coût marginal augmente graduellement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-08-e.jpg</image:loc>
        <image:title>Courbes de coût moyen et marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-08-a.jpg</image:loc>
        <image:title>Coût moyen et coût marginal
: Le graphique présente à la fois la courbe de coût moyen et la courbe de coût marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-08-b.jpg</image:loc>
        <image:title>Cm &lt; CM lorsque Q = 20
: Regardez le point A sur la courbe CM. Quand Q = 20, le coût moyen est de 4 000 $, mais le coût marginal est seulement de 2 000 $. Donc, si 21 voitures sont produites au lieu de 20, le coût moyen diminue. Il est plus faible quand Q = 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-08-c.jpg</image:loc>
        <image:title>La courbe de coût moyen est descendante lorsque CM &gt; Cm
: Pour n’importe quel point, comme A, pour lequel CM &gt; Cm, le coût moyen baisserait si une voiture supplémentaire était produite. La courbe CM est donc descendante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-08-d.jpg</image:loc>
        <image:title>La courbe de coût moyen est ascendante lorsque CM &lt; Cm
: Au point D, où Q = 60, le coût moyen est 3 600 $, mais le coût de production d’une 61e voiture est de 4 600 $. Le prix moyen d’une voiture augmenterait donc si 61 voitures étaient produites. Quand CM &lt; Cm, la courbe de coût moyen est ascendante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-09.jpg</image:loc>
        <image:title>Demande de voitures (par jour)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Courbes d’isoprofit pour Beautiful Cars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-a.jpg</image:loc>
        <image:title>Courbe de profit économique nul
: La courbe bleue la plus claire représente la courbe de coût moyen de l’entreprise. Si P = CM, le profit économique de l’entreprise est zéro. La courbe CM est donc aussi la courbe de profit zéro : elle montre toutes les combinaisons de P et Q qui donnent un profit économique nul.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-b.jpg</image:loc>
        <image:title>La forme de la courbe de profit économique nul
: Le CM de Beautiful Cars baisse quand Q &lt; 40, et augmente quand Q &gt; 40. Quand Q est faible, l’entreprise a besoin d’un prix élevé pour atteindre le seuil de rentabilité. Si Q = 40, le seuil de rentabilité est atteint au prix de 3 400 $. Pour Q &gt; 40, le prix doit augmenter pour éviter une perte.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-c.jpg</image:loc>
        <image:title>CM et Cm
: Beautiful Cars a des coûts marginaux croissants : la droite est ascendante. Rappelez-vous que la courbe CM est descendante pour CM &gt; Cm et ascendante pour CM &lt; Cm. Les deux courbes se croisent au point B, où CM est le plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-d.jpg</image:loc>
        <image:title>Courbes d’isoprofit
: Les courbes bleues plus foncées montrent les combinaisons de P et de Q qui donnent des niveaux de profits plus élevés, donc les points G et K donnent le même profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-e.jpg</image:loc>
        <image:title>Profit = Q(P − CM)
: Au point G, correspondant à une production de 23 voitures, le prix est de 6 820 $ et le coût moyen 3 777 $. L’entreprise fait un profit de 3 043 $ sur chaque voiture, et son profit total est de 70 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-11.jpg</image:loc>
        <image:title>Choix de prix et de quantité maximisant les profits de Beautiful Cars
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-e.jpg</image:loc>
        <image:title>Calcul de la recette marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Recettes quand Q = 20
: Quand Q = 20, le prix est de 6 400 $ et les recettes de 6 400 $ × 20, correspondant à l’aire du rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-b.jpg</image:loc>
        <image:title>Recettes quand Q = 21
: Si la quantité augmente pour atteindre 21, le prix diminue à 6 320 $. Le changement de prix est ΔP = − 80 $. Les recettes pour Q = 21 sont indiquées par l’aire du nouveau rectangle, qui est égale à 6 320 $ × 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-c.jpg</image:loc>
        <image:title>Recettes marginales quand Q = 20
: La recette marginale pour Q = 20 est la différence entre les deux aires. Le tableau indique que l’aire du rectangle est plus importante lorsque Q = 21. La recette marginale est de 4 720 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-d.jpg</image:loc>
        <image:title>Pourquoi Rm &gt; 0 ?
: L’augmentation des recettes est due au fait que l’entreprise gagne 6 320 $ sur la 21e voiture, et que ce gain est plus important que la perte de 20 × 80 $ liée à la réduction du prix de vente des 20 autres voitures.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-i.jpg</image:loc>
        <image:title>Recette marginale, coût marginal et profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-a.jpg</image:loc>
        <image:title>Courbes de demande et de coût marginal
: Le graphique supérieur montre la courbe de demande et le graphique du milieu montre la courbe de coût marginal. Au point A, où Q = 10 et P = 7 200 $, la recette est de 72 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-b.jpg</image:loc>
        <image:title>Recette marginale
: La recette marginale (graphique du milieu) au point A correspond à la différence entre les aires des deux rectangles : Rm = 6 320 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-c.jpg</image:loc>
        <image:title>Recette marginale lorsque Q = 20 $
: La recette marginale lorsque Q = 20 et P = 6 400 $ est 4 880 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-d.jpg</image:loc>
        <image:title>Déplacement vers le bas de la courbe de demande
: Lorsque nous nous déplaçons vers le bas de la courbe de demande, P diminue, et Rm diminue encore plus. Le gain associé à la production d’une voiture supplémentaire diminue, et la perte associée aux autres voitures vendues augmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-e.jpg</image:loc>
        <image:title>Rm &lt; 0
: Au point D, le gain associé à la voiture supplémentaire vendue est contrebalancé par la perte associée aux autres voitures, de sorte que la recette marginale est négative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-f.jpg</image:loc>
        <image:title>La courbe de recette marginale
: En joignant les points sur le graphique du milieu, nous obtenons la courbe de recette marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-g.jpg</image:loc>
        <image:title>Rm &gt; Cm
: Rm et Cm se croisent au point E, où Q = 32. Rm &gt; Cm pour n’importe quelle valeur de Q inférieure à 32 : la recette associée à la vente d’une voiture supplémentaire est plus importante que son coût de fabrication. Il serait donc profitable d’augmenter la production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-b-h.jpg</image:loc>
        <image:title>Rm &lt; Cm
: Quand Q &gt; 32, Rm &lt; Cm : si l’entreprise produit plus de 32 voitures, la production d’une voiture supplémentaire diminuerait son profit, tandis que son profit augmenterait en produisant moins de voitures.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-g.jpg</image:loc>
        <image:title>Gains à l’échange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-a.jpg</image:loc>
        <image:title>Gains à l’échange
: Lorsque l’entreprise détermine le prix maximisant ses profits, P* = 5 440 $, et vend Q* = 32 voitures par jour, le 32e consommateur, dont la DAP est de 5 440 $, est tout juste indifférent entre acheter et ne pas acheter une voiture. Le surplus de cet acheteur particulier est donc égal à zéro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-b.jpg</image:loc>
        <image:title>Une DAP plus élevée
: D’autres acheteurs sont prêts à payer plus. Le 10e consommateur, dont la DAP est de 7 200 $, obtient un surplus de 1 760 $, indiqué par la ligne verticale rouge au niveau de la quantité 10.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-c.jpg</image:loc>
        <image:title>Combien le 15e client serait-il prêt à payer ?
: Le 15e client a une DAP de 6 800 $, et obtient donc un surplus de 1 360 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-d.jpg</image:loc>
        <image:title>Surplus du consommateur
: Afin de trouver le surplus obtenu par les consommateurs, nous additionnons le surplus de chaque acheteur. Nous l’avons représenté par le triangle coloré entre la courbe de demande et la ligne du prix P*. Cette mesure des gains à l’échange des consommateurs est le surplus du consommateur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-e.jpg</image:loc>
        <image:title>Surplus du producteur pour la 20e voiture
: De même, l’entreprise réalise un surplus du producteur pour chaque voiture vendue. Le coût marginal de la 20e voiture est de 2 000 $. En la vendant à 5 440 $, l’entreprise gagne 3 440 $, illustré par laligne verticale entre P* et la courbe de coût marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-13-b-f.jpg</image:loc>
        <image:title>Surplus total du producteur
: Afin de trouver le surplus du producteur total, nous additionnons le surplus sur chaque voiture produite : c’est l’aire colorée en violet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-14-e.jpg</image:loc>
        <image:title>Perte sèche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-14-a.jpg</image:loc>
        <image:title>Gains à l’échange inexploités
: Le prix et la quantité maximisant les profits de l’entreprise sont représentés par le point E, mais il reste des gains à l’échange inexploités. L’entreprise pourrait fabriquer une voiture de plus et la vendre au 33e consommateur à un prix plus élevé que son coût de production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-14-b.jpg</image:loc>
        <image:title>Allocation Pareto-efficace
: Supposons que l’entreprise choisisse le point F à la place, et vende Q0 voitures à un prix P0 égal au coût marginal. Cette allocation est Pareto-efficace : produire une voiture supplémentaire coûterait plus que P0, et aucun consommateur ne serait prêt à payer autant.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-14-c.jpg</image:loc>
        <image:title>Surplus du consommateur plus élevé
: Le surplus du consommateur est plus élevé au point F qu’au point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-14-d.jpg</image:loc>
        <image:title>Surplus total plus élevé
: Le surplus du producteur est plus faible au point F qu’au point E, mais le surplus total est plus élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-15-e.jpg</image:loc>
        <image:title>L’élasticité de la demande de voitures.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-15-a.jpg</image:loc>
        <image:title>Cette courbe de demande est une ligne droite
: À chaque point de la courbe de demande, si Q augmente d’une unité, P change de ΔP = − 80 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-15-b.jpg</image:loc>
        <image:title>Élasticité au point A
: Au point A, si ΔQ = 1, la variation (en %) de Q est 100 × 1/20 = 5 %. Comme ΔP = − 80 $, la variation (en  %) est 100 × (-80)/6 400 = − 1,25 %. L’élasticité est donc de 4.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-15-c.jpg</image:loc>
        <image:title>L’élasticité est plus faible au point B qu’au point A
: Au point B, Q est plus élevé, de sorte que la variation en pourcents est plus faible lorsque ΔP = 1. L’élasticité au point B est donc moins élevée qu’au point A. Le tableau indique qu’elle est de 1,5.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-15-d.jpg</image:loc>
        <image:title>Quand Q augmente, l’élasticité baisse
: L’élasticité est égale à 1 au point C et inférieure à 1 au point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-16.jpg</image:loc>
        <image:title>Entreprise confrontée à une forte élasticité de la demande.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-17.jpg</image:loc>
        <image:title>Entreprise confrontée à une élasticité de la demande moins importante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-mcq-15.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-18.jpg</image:loc>
        <image:title>L’élasticité de la demande et la recette marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/07-augustin-cournot.jpg</image:loc>
        <image:title>Augustin Cournot</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-21.jpg</image:loc>
        <image:title>Dépenses en publicité et parts de marché des céréales de petit-déjeuner à Chicago (1991–1992).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-04-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-e.svg</image:loc>
        <image:title>Anil’s optimal allocation when he is altruistic.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/08.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-08-header.jpg</image:loc>
        <image:title>Mercato ortofrutticolo, Da Lat, Vietnam: Hoxuanhuong/Dreamstime.com, https://goo.gl/mjvVuc</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-01.jpg</image:loc>
        <image:title>La curva di domanda di libri.
: La curva di domanda di libri.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-02-e.jpg</image:loc>
        <image:title>La curva di offerta di libri.
: La curva di offerta di libri.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-02-a.jpg</image:loc>
        <image:title>Il prezzo di riserva
: Il primo venditore ha un prezzo di riserva pari a 2 $ e accetterà qualsiasi offerta superiore a tale cifra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-02-b.jpg</image:loc>
        <image:title>Il ventesimo venditore
: Il ventesimo venditore accetterà 7 $…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-02-c.jpg</image:loc>
        <image:title>Il quarantesimo venditore
: … e il prezzo di riserva del quarantesimo venditore è 12 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-02-d.jpg</image:loc>
        <image:title>La curva di offerta è crescente
: Consideriamo un prezzo qualsiasi, ad esempio 10 $. Il grafico mostra quanti libri (Q) sarebbero offerti a quel prezzo: in questo caso 32. La curva di offerta è crescente: più alto è il prezzo, maggiore è il numero di studenti disposti a vendere la propria copia del libro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/08-alfred-marshall.jpg</image:loc>
        <image:title>Alfred Marshall</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-03-d.jpg</image:loc>
        <image:title>L’equilibrio del mercato dei libri usati.
: L’equilibrio del mercato dei libri usati.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-03-a.jpg</image:loc>
        <image:title>Domanda e offerta
: Individuiamo l’equilibrio disegnando nello stesso grafico le curve di domanda e offerta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-03-b.jpg</image:loc>
        <image:title>Il prezzo di equilibrio del mercato
: In corrispondenza del prezzo , la quantità domandata eguaglia la quantità offerta: . Il mercato è in equilibrio in corrispondenza di un prezzo pari a 8.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-03-c.jpg</image:loc>
        <image:title>Un prezzo superiore al prezzo di equilibrio
: Per prezzi superiori a 8 $, cresce il numero di studenti disposti a vendere il libro, ma cala il numero di potenziali acquirenti. Si verifica un eccesso di offerta e i venditori decidono di abbassare il prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-04.jpg</image:loc>
        <image:title>La curva di domanda di mercato di pane.
: La curva di domanda di mercato di pane.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-05-d.jpg</image:loc>
        <image:title>La combinazione prezzo-quantità che massimizza il profitto del panificio.
: La combinazione prezzo-quantità che massimizza il profitto del panificio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-05-a.jpg</image:loc>
        <image:title>Le curve di costo marginale e di isoprofitto
: La curva di costo marginale (CMg) del panificio è decrescente. Sulla curva di costo medio (CM) i profitti sono nulli. Le altre curve di isoprofitto rappresentano profitti via via più elevati.  Quando CMg &gt; CM, la curva di costo medio è crescente. La curva di costo marginale interseca le curve di isoprofitto nel loro punto di minimo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-05-b.jpg</image:loc>
        <image:title>L’impresa price-taker
: Il panificio è un’impresa price-taker e il prezzo di mercato è . Se decidesse di vendere il pane a un prezzo più elevato, i consumatori si rivolgerebbero alle imprese concorrenti; l’insieme di combinazioni prezzo-quantità possibili corrisponde dunque all’area grigia delimitata dalla linea orizzontale disegnata in corrispondenza di .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-05-c.jpg</image:loc>
        <image:title>Il prezzo che massimizza i profitti
: La combinazione prezzo-quantità che assicura il massimo profitto è data dal punto A, in corrispondenza del quale la curva di isoprofitto di livello 80 € è tangente alla retta che delimita l’insieme delle scelte possibili. La produzione giornaliera di pane sarà pari a 120 kg, che sarà venduto a 2,35 €/kg. Oltre ai profitti normali, verranno realizzati profitti giornalieri pari a 80 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-06-d.jpg</image:loc>
        <image:title>La curva di offerta dell’impresa.
: La curva di offerta dell’impresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-06-a.jpg</image:loc>
        <image:title>Variazioni del prezzo
: Quando il prezzo di mercato è pari a 2,35 €, l’impresa produce 120 kg di pane. Cosa succede se varia il prezzo?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-06-b.jpg</image:loc>
        <image:title>Un prezzo più alto
: Se  aumentasse a 3,20 €, l’impresa potrebbe raggiungere una curva di isoprofitto di livello più alto. I profitti sarebbero massimizzati producendo 163 kg di pane al giorno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-06-c.jpg</image:loc>
        <image:title>Un prezzo più basso
: Se il prezzo calasse a 1,52 €, l’impresa potrebbe raggiungere soltanto la curva di isoprofitto più bassa di colore azzurro chiaro. La scelta ottimale consisterebbe nel produrre 66 kg di pane e il profitto economico sarebbe pari a zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-07-d.jpg</image:loc>
        <image:title>Curve di offerta individuale e di mercato.
: Curve di offerta individuale e di mercato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-07-a.jpg</image:loc>
        <image:title>La curva di offerta individuale dell’impresa
: Vi sono 50 panifici, tutti caratterizzati dalla stessa funzione di costo. Se il prezzo di mercato è 2,35 €, ciascun panificio produce 120 kg di pane.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-07-b.jpg</image:loc>
        <image:title>La curva di offerta di mercato
: Quando , ciascuno dei 50 panifici produce 120 kg e l’offerta di mercato è pari a 50 × 120 kg = 6000 kg.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-07-c.jpg</image:loc>
        <image:title>Curve di offerta individuale e di mercato
: Se il prezzo di mercato è 1,52 €, ciascun panificio produce 66 kg e l’offerta di mercato ammonta a 3300 kg. La curva di offerta di mercato ha lo stesso aspetto della curva di offerta individuale, ma la scala dell’asse orizzontale è diversa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-08.jpg</image:loc>
        <image:title>L’equilibrio del mercato del pane.
: L’equilibrio del mercato del pane.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-09-a-d.jpg</image:loc>
        <image:title>L’equilibrio del mercato del pane: benefici dello scambio.
: L’equilibrio del mercato del pane: benefici dello scambio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-09-a-a.jpg</image:loc>
        <image:title>Il surplus di un consumatore
: Al prezzo di equilibrio, pari a 2 €, un consumatore la cui disponibilità a pagare è di 3,5 € ottiene un surplus di 1,5 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-09-a-b.jpg</image:loc>
        <image:title>Surplus dei consumatori
: L’area colorata in rosso rappresenta il surplus dei consumatori, pari alla somma dei benefici dello scambio percepiti da ciascun consumatore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-09-a-c.jpg</image:loc>
        <image:title>Il surplus dei produttori
: Come abbiamo visto nel Capitolo 7, il surplus di un produttore per un’unità di output venduta è pari alla differenza tra il prezzo di vendita e il costo marginale relativo a quell’unità. Il costo marginale del 2000° kg di pane è 1,25 €. Poiché il prezzo è pari a 2 €, il produttore beneficia di un surplus pari a 0,75 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-09-b.jpg</image:loc>
        <image:title>La perdita secca.
: La perdita secca.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-10-a.jpg</image:loc>
        <image:title>Produzione di quinoa.
: Produzione di quinoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-10-b.jpg</image:loc>
        <image:title>Prezzo della quinoa.
: Prezzo della quinoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-10-c.jpg</image:loc>
        <image:title>Importazioni mondiali di quinoa.
: Importazioni mondiali di quinoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-11-d.jpg</image:loc>
        <image:title>Effetti di un aumento della domanda di libri.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-11-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: Ai livelli iniziali di domanda e offerta, l’equilibrio è in corrispondenza del punto A. Il prezzo è 8 $ e il numero di libri venduti è 24.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-11-b.jpg</image:loc>
        <image:title>Un aumento della domanda
: L’aumento del numero di immatricolati determina un incremento del numero di studenti interessati a comprare il libro in corrispondenza di ciascun possibile prezzo. La curva di domanda viene traslata verso destra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-11-c.jpg</image:loc>
        <image:title>Se il prezzo non cambiasse
: Se il prezzo rimanesse fermo a 8 $, il numero dei potenziali acquirenti supererebbe il numero degli studenti disposti a cedere il libro: si verificherebbe quindi un eccesso di domanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-12-e.jpg</image:loc>
        <image:title>Un aumento dell’offerta di pane corrisponde a una riduzione del costo marginale
: Un aumento dell’offerta di pane corrisponde a una riduzione del costo marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-12-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: L’equilibrio iniziale corrisponde al punto A: i panifici producono 5000 kg di pane al giorno, che vendono a 2 €/kg.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-12-b.jpg</image:loc>
        <image:title>Una riduzione del costo marginale
: La curva di offerta viene traslata verso il basso a causa della riduzione dei costi marginali dei panifici. Infatti, per ogni possibile livello di produzione, il costo marginale (e quindi il prezzo a cui il pane viene offerto) si è ridotto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-12-c.jpg</image:loc>
        <image:title>Un aumento dell’offerta
: Potremmo descrivere ciò che è accaduto anche come una traslazione della curva di offerta verso destra. Poiché i costi si sono ridotti, la quantità di pane offerta da ciascun panificio per ciascun livello di prezzo è maggiore. Si è verificato dunque un aumento dell’offerta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-12-d.jpg</image:loc>
        <image:title>Eccesso di offerta quando il prezzo è 2 €
: L’effetto di una riduzione dei costi marginali consiste in un aumento dell’offerta di mercato. Al prezzo originale, vi sarà più pane offerto di quanto i consumatori vogliano acquistare (un eccesso di offerta). I panifici vorranno quindi ridurre il prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-13.jpg</image:loc>
        <image:title>Un aumento dell’offerta di pane: ingresso di nuovi panifici nel mercato.
: Un aumento dell’offerta di pane: ingresso di nuovi panifici nel mercato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-14-d.jpg</image:loc>
        <image:title>Effetto di un’imposta sul sale
: Effetto di un’imposta sul sale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-14-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: L’equilibrio di mercato è inizialmente nel punto A, dove il prezzo è  e la quantità di sale scambiata è .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-14-b.jpg</image:loc>
        <image:title>Un’imposta del 30%
: In seguito all’introduzione di un’imposta a carico dei produttori pari al 30% del prezzo, il costo marginale cresce del 30% per ogni data quantità. La curva di offerta si sposta verso l’alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-14-c.jpg</image:loc>
        <image:title>Il nuovo equilibrio
: Il nuovo equilibrio corrisponde al punto B. Il prezzo pagato dai consumatori è aumentato da  a , mentre la quantità è calata da  a .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-15-d.jpg</image:loc>
        <image:title>La perdita secca dovuta alla tassazione
: La perdita secca dovuta alla tassazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-15-a.jpg</image:loc>
        <image:title>Inizialmente il surplus totale è massimo
: L’allocazione A, nella quale sono massimizzati i benefici dello scambio, rappresenta l’equilibrio prima dell’introduzione dell’imposta. Il triangolo rosso corrisponde al surplus dei consumatori, il triangolo blu al surplus dei produttori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-15-b.jpg</image:loc>
        <image:title>L’imposta riduce il surplus dei consumatori
: L’imposta riduce la quantità di sale scambiata a  e fa crescere il prezzo pagato dai consumatori da  a . Il surplus dei consumatori si riduce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-15-c.jpg</image:loc>
        <image:title>L’imposta riduce il surplus dei produttori
: Per effetto della riduzione della quantità scambiata e della riduzione del prezzo incassato da  a , si riduce anche il surplus dei produttori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-16-c.jpg</image:loc>
        <image:title>L’effetto di un’imposta sui grassi sul mercato del burro.
: L’effetto di un’imposta sui grassi sul mercato del burro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-16-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale del mercato del burro
: Il mercato del burro è inizialmente in equilibrio. Il prezzo è pari a 45 kr per kg e la quantità consumata da ciascun individuo è pari a 2 kg l’anno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-16-b.jpg</image:loc>
        <image:title>L’effetto di un’imposta
: Un’imposta sui produttori pari a 10 kr per kg determina un corrispondente aumento del costo marginale per ciascuna unità. La curva di offerta si sposta verso l’altro di 10 kr.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-17.jpg</image:loc>
        <image:title>Effetto dell’imposta sul burro sui surplus di produttori e consumatori.
: Effetto dell’imposta sul burro sui surplus di produttori e consumatori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/08-leon-walras.jpg</image:loc>
        <image:title>Léon Walras</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-f.jpg</image:loc>
        <image:title>Il mercato dei Choccos e delle barrette di cioccolato.
: Il mercato dei Choccos e delle barrette di cioccolato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-a.jpg</image:loc>
        <image:title>Il mercato dei Choccos
: Il grafico di destra raffigura il mercato dei Choccos, una barretta di cioccolato prodotta da una specifica impresa. Nel più vasto mercato delle barrette di cioccolato sono presenti numerosi sostituti dei Choccos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-b.jpg</image:loc>
        <image:title>La curva di domanda di Choccos
: A causa della concorrenza dovuta alla presenza di barrette simili prodotte da altre imprese, la curva di domanda di Choccos è quasi piatta. Non c’è grande libertà per l’impresa nella scelta del prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-c.jpg</image:loc>
        <image:title>Il prezzo dei Choccos
: L’impresa sceglie un prezzo  simile a quello praticato dai concorrenti e una quantità tale da rendere il costo marginale molto vicino a . La curva di costo marginale dell’impresa rappresenta approssimativamente la sua curva di offerta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-d.jpg</image:loc>
        <image:title>La curva di offerta di mercato di barrette di cioccolato
: La curva di offerta di mercato di barrette di cioccolato, rappresentata nel grafico di destra, è ottenuta sommando le quantità offerte da ciascuna impresa a partire dalla propria curva di costo marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-08-18-e.jpg</image:loc>
        <image:title>La curva di domanda di mercato di barrette di cioccolato
: Se i consumatori non hanno una netta preferenza per un prodotto in particolare, possiamo considerare la domanda di barrette di cioccolato nel suo complesso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/16.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-16-header.jpg</image:loc>
        <image:title>Robot waiters: Reuters/CSN</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-01.jpg</image:loc>
        <image:title>Tasas de desempleo en un grupo selecto de países de la OCDE (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-h.jpg</image:loc>
        <image:title>La función de producción de la economía y el progreso tecnológico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-a.jpg</image:loc>
        <image:title>Rendimientos decrecientes del capital
: La función de producción se caracteriza por unos rendimientos decrecientes del capital.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-b.jpg</image:loc>
        <image:title>Productividad marginal del capital
: La sección ampliada del punto A muestra cómo se calcula la productividad marginal del capital: es la pendiente de la tangente a la función de producción en A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-c.jpg</image:loc>
        <image:title>Mayor intensidad en el uso del capital
: La productividad marginal del capital va disminuyendo a medida que avanzamos a lo largo de la función de producción hacia una mayor intensidad en el uso del capital.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-d.jpg</image:loc>
        <image:title>Progreso tecnológico
: Hace que la función de producción rote hacia arriba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-e.jpg</image:loc>
        <image:title>La función de producción original
: En el punto B sobre la función de producción original, el capital por trabajador es de 20 000 dólares y la producción por trabajador es de 15 000 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-f.jpg</image:loc>
        <image:title>Tras el progreso tecnológico
: Considere el punto C en la nueva función de producción (tras el progreso tecnológico), en el que el capital por trabajador ha subido a 30 000 dólares y la producción por trabajador ha subido a 22 500 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-02-g.jpg</image:loc>
        <image:title>La pendiente de la función de producción
: Hemos escogido el punto C para que la pendiente de la función de producción y, por lo tanto, la productividad marginal del capital, sea igual que en el punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-03-d.jpg</image:loc>
        <image:title>Trayectorias de crecimiento a largo plazo de un grupo selecto de economías.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-03-a.jpg</image:loc>
        <image:title>El Reino Unido
: Los datos empiezan en 1760 en la esquina inferior del gráfico y terminan en 1990 con una intensidad mucho mayor de uso del capital y una mayor productividad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-03-b.jpg</image:loc>
        <image:title>PIB por trabajador
: En el extremo inferior derecho del diagrama se muestran los mismos puntos en el familiar gráfico de palo de hockey para el PIB por trabajador, usando una escala semilogarítmica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-03-c.jpg</image:loc>
        <image:title>Estados Unidos
: En Estados Unidos, la productividad había superado a la del Reino Unido para 1910, y se ha mantenido por encima desde entonces.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-04.jpg</image:loc>
        <image:title>Destrucción de empleo, creación de empleo y empleo neto en distintos países.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-05.jpg</image:loc>
        <image:title>Creación y destrucción de empleo durante los ciclos económicos en EE.UU. (T1 2000–T2 2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-06.jpg</image:loc>
        <image:title>Curvas de Beveridge para EE.UU. y Alemania (T1 2001–T2 2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-a-d.jpg</image:loc>
        <image:title>Entrada y salida de empresas y el margen de beneficio de equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-a-a.jpg</image:loc>
        <image:title>El margen que maximiza los beneficios
: La línea con pendiente negativa indica el margen que maximiza los beneficios de la empresa para un número de empresas determinado. El número de empresas es constante e igual a 210 en el margen de beneficio de equilibrio, μ*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-a-b.jpg</image:loc>
        <image:title>Competencia y número de empresas
: Cuantas más empresas haya, más competitiva será la economía, resultando en una mayor elasticidad de la demanda y un menor margen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-a-c.jpg</image:loc>
        <image:title>Salida de empresas
: Con 250 empresas, el margen está debajo de μ* y algunas empresas tendrán que salir de la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-b-b.jpg</image:loc>
        <image:title>Una mejora en las condiciones para hacer negocios: Entrada y salida de empresas y el margen de beneficio de equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-07-b-a.jpg</image:loc>
        <image:title>Una mejora en las condiciones para hacer negocios
: Esto reduce el margen de beneficio de equilibrio. Ahora el margen en A es «demasiado alto».
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-08-c.jpg</image:loc>
        <image:title>Los cambios en el margen de beneficio a largo plazo cambian la curva de fijación de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-08-a.jpg</image:loc>
        <image:title>La curva de fijación de precios a largo plazo
: En el panel izquierdo, se muestra la ecuación de fijación de precios a largo plazo como una línea con pendiente negativa en un diagrama en el que se representa el margen de beneficio de equilibrio en el eje horizontal y el salario en el eje vertical.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-08-b.jpg</image:loc>
        <image:title>Un margen de beneficio bajo
: Un margen de beneficio de equilibrio a largo plazo bajo se asocia con una curva de fijación de precios a largo plazo más alta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-a-c.jpg</image:loc>
        <image:title>La tasa de desempleo a largo plazo y la tecnología nueva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-a-a.jpg</image:loc>
        <image:title>El equilibrio a largo plazo antes de la introducción de la tecnología nueva.
: Se sitúa en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-a-b.jpg</image:loc>
        <image:title>Un avance tecnológico
: Desplaza la producción por trabajador y la curva de fijación de precios hacia arriba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-b-e.jpg</image:loc>
        <image:title>Tasa de desempleo a largo plazo y tecnología nueva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-b-a.jpg</image:loc>
        <image:title>La respuesta a una tecnología nueva
: Una tecnología nueva significa que con menos trabajadores se puede producir lo mismo. ¿Cómo se ajusta la economía?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-b-b.jpg</image:loc>
        <image:title>La aplicación de la tecnología nueva.
: En un primer momento, la tecnología nueva deja a un número significativo de trabajadores sin trabajo. En el punto D, el salario es el mismo pero hay menos puestos de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-b-c.jpg</image:loc>
        <image:title>Los beneficios económicos son altos en D
: Habrá empresas nuevas que se sentirán atraídas hacia la economía y la inversión aumentará. El desempleo finalmente caerá a medida que la economía se mueva de D a E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-09-b-d.jpg</image:loc>
        <image:title>Los salarios suben
: Con un desempleo menor, las empresas tienen que establecer salarios más altos para asegurarse de que los trabajadores realicen un esfuerzo adecuado, por lo que los salarios suben.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-11-c.jpg</image:loc>
        <image:title>Efectos de una nueva tecnología en la desigualdad: corto y largo plazo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-11-a.jpg</image:loc>
        <image:title>Desempleo antes de que se introduzca una tecnología nueva
: La economía comienza en un equilibrio a largo plazo antes de la nueva tecnología, con una porción A de la población desempleada (correspondiente al punto A en la figura 16.9b).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-11-b.jpg</image:loc>
        <image:title>La aplicación de la tecnología nueva
: Esto separa a algunos trabajadores de sus trabajos, de modo que el desempleo aumenta ahora a D (correspondiente al punto D en la figura 16.9b). Suponemos que los salarios siguen siendo los mismos para el resto de los trabajadores; por lo tanto, dado que el producto por trabajador ha aumentado, la participación salarial en el producto total disminuye.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-12.jpg</image:loc>
        <image:title>Desempleo a largo plazo y crecimiento del salario real en la OCDE (1970–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-13.jpg</image:loc>
        <image:title>Tasas de desempleo de dos países con un desempeño alto y otros dos con desempeño bajo en el mercado laboral (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-mcq-09.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-14.jpg</image:loc>
        <image:title>Cobertura de la negociación salarial sindical y desempleo en la OCDE (2000–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-15.jpg</image:loc>
        <image:title>Curvas de Beveridge para España y Noruega (T1 de 2001–T4 de 2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-16.jpg</image:loc>
        <image:title>Generosidad en las prestaciones por desempleo y tasas de desempleo en la OCDE (2001–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-17.jpg</image:loc>
        <image:title>Diferentes formas de desplazar hacia abajo la curva de fijación de salarios: Países Bajos y el Reino Unido.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-18-d.jpg</image:loc>
        <image:title>Aumento y disminución de la participación del empleo industrial (1870–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-18-a.jpg</image:loc>
        <image:title>El desplazamiento del empleo de la industria a otros sectores
: Fue liderado por el Reino Unido y Estados Unidos alrededor de 1950, seguidos de Japón y Alemania unos 20 años después.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-18-b.jpg</image:loc>
        <image:title>El ascenso de Corea del Sur a la prominencia industrial
: Este ascenso solo comenzó hasta el último cuarto del siglo xx, pero la participación del empleo en manufacturas en el total del empleo en Corea del Sur ya estaba disminuyendo a fines de siglo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-18-c.jpg</image:loc>
        <image:title>Fabricación en Taiwán y Alemania
: En la actualidad, la participación de las manufacturas en el total de la fuerza laboral en Taiwán es mayor que en Alemania.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-19-e.jpg</image:loc>
        <image:title>El aumento de la productividad en la producción de bienes aumenta la fracción de trabajadores dedicados a los servicios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-19-a.jpg</image:loc>
        <image:title>La frontera factible
: La línea roja continua es la frontera factible y muestra la cantidad de bienes y servicios que se pueden producir dadas las tecnologías existentes y la mano de obra disponible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-19-b.jpg</image:loc>
        <image:title>División equitativa de bienes y servicios
: Suponemos que se consumen cantidades iguales de bienes y servicios: en A, la cantidad consumida de cada uno es igual a 1/2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-19-c.jpg</image:loc>
        <image:title>Aumenta la productividad de las manufacturas
: La productividad del trabajo en la fabricación de bienes se duplica, pero la productividad se mantiene sin cambios en los servicios. La nueva frontera factible se muestra como la línea discontinua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-19-d.jpg</image:loc>
        <image:title>Más bienes, más servicios
: Si la gente continúa consumiendo cantidades iguales de bienes y servicios, la economía se situará en el punto B con una producción y consumo de 2/3 unidades de cada uno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-20.jpg</image:loc>
        <image:title>Factores determinantes de la tasa de desempleo y la tasa de crecimiento de los salarios reales a largo plazo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-16-21.jpg</image:loc>
        <image:title>Las instituciones, políticas y shocks que pueden influir en el desempleo y los salarios reales.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/16.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-16-header.jpg</image:loc>
        <image:title>Robot waiters: Reuters/CSN</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-01.jpg</image:loc>
        <image:title>Tasso di disoccupazione in alcuni paesi OCSE (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-h.jpg</image:loc>
        <image:title>Funzione di produzione e progresso tecnico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-a.jpg</image:loc>
        <image:title>I rendimenti decrescenti del capitale
: La funzione di produzione è caratterizzata da rendimenti del capitale  decrescenti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-b.jpg</image:loc>
        <image:title>Il prodotto marginale del capitale
: La parte ingrandita del grafico in corrispondenza del punto A mostra come si calcola la produttività marginale del capitale. Essa corrisponde alla pendenza della retta tangente alla funzione di produzione nel punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-c.jpg</image:loc>
        <image:title>Produttività marginale e intensità del capitale
: Muovendoci lungo la funzione di produzione, possiamo notare che la produttività marginale del capitale decresce al crescere dell’intensità del capitale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-d.jpg</image:loc>
        <image:title>Il progresso tecnico
: Il progresso tecnico determina uno spostamento della funzione di produzione verso l’alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-e.jpg</image:loc>
        <image:title>La funzione di produzione iniziale
: In corrispondenza del punto B sulla funzione di produzione iniziale, il capitale per addetto e il prodotto per addetto ammontano, rispettivamente, a 20.000 e 15.000 dollari.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-f.jpg</image:loc>
        <image:title>L’effetto del progresso tecnico
: Consideriamo ora il punto C sulla nuova funzione di produzione (che rispecchia l’effetto del progresso tecnico). In corrispondenza di questo punto il capitale per addetto e il prodotto per addetto sono cresciuti, rispettivamente, a 30.000 e 22.500 dollari.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-02-g.jpg</image:loc>
        <image:title>La pendenza della funzione di produzione
: Abbiamo scelto il punto C perché, in corrispondenza di quel punto, la pendenza della funzione di produzione (e quindi la produttività marginale del capitale) è pari alla pendenza registrata in corrispondenza del punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-03-d.jpg</image:loc>
        <image:title>Le traiettorie di lungo periodo di alcune economie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-03-a.jpg</image:loc>
        <image:title>Il Regno Unito
: Le serie storiche vanno dal 1760 (angolo in basso a sinistra del grafico) al 1990. L’intensità del capitale e la produttività sono cresciute in modo evidente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-03-b.jpg</image:loc>
        <image:title>Il PIL pro-capite
: Il grafico più piccolo a destra mostra gli stessi punti riordinandoli in modo da rappresentare il familiare bastone da hockey del PIL pro-capite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-03-c.jpg</image:loc>
        <image:title>Gli Stati Uniti
: La produttività degli Stati Uniti ha superato quella britannica nel 1910 e da allora è rimasta più elevata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-04.jpg</image:loc>
        <image:title>Distruzione e creazione di posti di lavoro e occupazione netta in alcuni paesi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-05.jpg</image:loc>
        <image:title>Creazione e distruzione di posti di lavoro durante i cicli economici negli stati Uniti (2000–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-06.jpg</image:loc>
        <image:title>La curva di Beveridge negli Stati Uniti e in Germania (2001–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-a-d.jpg</image:loc>
        <image:title>Il processo di entrata e uscita delle imprese dal mercato e il markup di equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-a-a.jpg</image:loc>
        <image:title>Il markup che massimizza il profitto
: La retta inclinata negativamente rappresenta il markup che massimizza i profitti per ciascun possibile numero di imprese operanti nel mercato. In corrispondenza del markup di equilibrio, μ*, il numero delle imprese è costante e pari a 210.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-a-b.jpg</image:loc>
        <image:title>Concorrenza e numero di imprese
: Maggiore è il numero delle imprese, maggiore è la concorrenza. Un aumento della concorrenza fa aumentare l’elasticità della domanda e provoca una diminuzione del markup.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-a-c.jpg</image:loc>
        <image:title>L’uscita delle imprese dal mercato
: Se il numero delle imprese è pari a 250, ci troviamo in corrispondenza del punto C. Il markup è inferiore al valore di equilibrio μ* e alcune imprese lasceranno il mercato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-b-b.jpg</image:loc>
        <image:title>Un miglioramento delle condizioni per fare impresa: il processo di entrata e uscita delle imprese dal mercato e il markup di equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-07-b-a.jpg</image:loc>
        <image:title>Un miglioramento delle condizioni per fare impresa
: Questo miglioramento riduce il markup di equilibrio. Il markup corrispondente al punto A è ora troppo alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-08-c.jpg</image:loc>
        <image:title>Variazioni del markup di lungo periodo determinano uno spostamento della curva della fissazione del prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-08-a.jpg</image:loc>
        <image:title>La curva della fissazione del prezzo di lungo periodo
: Nel grafico di sinistra, l’equazione della curva della fissazione del prezzo di lungo periodo corrisponde a una retta inclinata negativamente. Sugli assi delle ascisse e delle ordinate sono riportati, rispettivamente, il markup di equilibrio e il salario reale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-08-b.jpg</image:loc>
        <image:title>Se il markup è basso
: A un più basso markup di equilibrio di lungo periodo corrisponde una curva della fissazione del prezzo di lungo periodo più alta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-a-c.jpg</image:loc>
        <image:title>Il tasso di disoccupazione di lungo periodo e l’effetto dell’adozione di una nuova tecnologia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-a-a.jpg</image:loc>
        <image:title>Il tasso di disoccupazione di lungo periodo prima dell’introduzione della nuova tecnologia
: Il valore iniziale del tasso di disoccupazione è individuato in corrispondenza del punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-a-b.jpg</image:loc>
        <image:title>L’innovazione tecnica
: Il progresso tecnico fa crescere l’output per addetto e sposta la curva della fissazione del prezzo verso l’alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-b-e.jpg</image:loc>
        <image:title>L’effetto di una nuova tecnologia sul tasso di disoccupazione di lungo periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-b-a.jpg</image:loc>
        <image:title>La risposta all’introduzione di una nuova tecnologia
: L’adozione di una nuova tecnologia fa sì che una stessa quantità di output possa essere prodotta da un numero inferiore di lavoratori. Come si aggiusta l’economia?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-b-b.jpg</image:loc>
        <image:title>L’implementazione della nuova tecnologia
: In un primo momento, a causa della nuova tecnologia, parte dei lavoratori viene a trovarsi in esubero. Nel punto D, il salario è il medesimo registrato in corrispondenza del punto A ma il numero dei posti di lavoro è inferiore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-b-c.jpg</image:loc>
        <image:title>Nel punto D i profitti sono elevati
: Nuove imprese saranno indotte a entrare nel mercato e gli investimenti cresceranno. La disoccupazione finirà con il diminuire e l’economia si sposterà dal punto D al punto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-09-b-d.jpg</image:loc>
        <image:title>I salari crescono
: Se la disoccupazione si riduce, le imprese debbono aumentare le retribuzioni per assicurarsi che i lavoratori si impegnino adeguatamente. I salari, quindi, crescono.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-11-c.jpg</image:loc>
        <image:title>L’effetto di una nuova tecnologia sulla diseguaglianza: breve e lungo periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-11-a.jpg</image:loc>
        <image:title>La disoccupazione prima dell’introduzione della nuova tecnologia
: In corrispondenza dell’equilibrio di lungo periodo iniziale, precedente all’introduzione della nuova tecnologia, una frazione A della popolazione è disoccupata (questo punto corrisponde al punto A della Figura 16.9b).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-11-b.jpg</image:loc>
        <image:title>L’introduzione della nuova tecnologia
: Alcuni lavoratori sono ora in esubero; la disoccupazione cresce fino a raggiungere il livello D (che corrisponde al punto D della Figura 16.9b). Assumiamo che il salario dei lavoratori occupati rimanga invariato. In questo modo, la quota dei salari sul prodotto cala a causa della crescita del prodotto per addetto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-12.jpg</image:loc>
        <image:title>Disoccupazione e crescita dei salari reali nel lungo periodo in alcuni paesi OCSE (1970–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-13.jpg</image:loc>
        <image:title>Andamento del tasso di disoccupazione in due economie molto performanti e due poco performanti (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-mcq-09.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-14.jpg</image:loc>
        <image:title>Copertura della contrattazione salariale e disoccupazione nei paesi OCSE (2000-2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-15.jpg</image:loc>
        <image:title>Le curve di Beveridge di Spagna e Norvegia (2001–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-16.jpg</image:loc>
        <image:title>Sussidi e tassi di disoccupazione nell’area OCSE (2001–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-17.jpg</image:loc>
        <image:title>Diversi modi per far abbassare la curva della fissazione del salario: Paesi Bassi e Regno Unito a confronto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-18-d.jpg</image:loc>
        <image:title>Ascesa e declino della quota di occupati nell’industria (1870–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-18-a.jpg</image:loc>
        <image:title>La diminuzione dell’occupazione nell’industria
: I primi paesi a sperimentare una contrazione della quota dell’occupazione impiegata nell’industria sono stati gli Stati Uniti e il Regno Unito nel 1950 circa, seguiti dalla Germania 20 anni più tardi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-18-b.jpg</image:loc>
        <image:title>La crescita dell’industria della Corea del Sud è iniziata nell’ultimo quarto del Novecento. Alla fine del secolo, tuttavia, la quota dell’occupazione impiegata nell’industria stava già calando.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-18-c.jpg</image:loc>
        <image:title>La manifattura in Taiwan e Germania
: Taiwan ha oggi una quota dell’occupazione impiegata nella manifattura superiore a quella della Germania.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-19-e.jpg</image:loc>
        <image:title>Un incremento della produttività nella produzione di beni fa crescere la frazione di lavoratori impiegata nella produzione di servizi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-19-a.jpg</image:loc>
        <image:title>La frontiera delle possibilità produttive
: La linea rossa continua indica la frontiera delle possibilità produttive e rappresenta l’ammontare di beni e servizi che è possibile produrre date la tecnologia e la quantità di lavoro disponibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-19-b.jpg</image:loc>
        <image:title>Il consumo di beni è pari al consumo di servizi
: Assumiamo che beni e servizi vengano consumati nella stessa quantità. In corrispondenza del punto A, le quantità consumate sono entrambe pari a 1/2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-19-c.jpg</image:loc>
        <image:title>La produttività aumenta nel settore della manifattura
: La produttività nel settore della manifattura raddoppia, mentre la produttività nel settore dei servizi rimane invariata. La nuova frontiera delle possibilità produttive è data dalla linea rossa tratteggiata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-19-d.jpg</image:loc>
        <image:title>Più beni, meno servizi
: Se le persone continuano a consumare beni e servizi in quantità uguali, l’economia transiterà al punto B. In corrispondenza di questo punto, il consumo di beni e quello di servizi sono entrambi pari a 2/3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-20.jpg</image:loc>
        <image:title>Le determinanti del tasso di disoccupazione e del tasso di crescita dei salari reali nel lungo periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-16-21.jpg</image:loc>
        <image:title>Le istituzioni e politiche che possono influenzare disoccupazione e salari reali.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-01-03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-01-03-03.jpg</image:loc>
        <image:title>La función de producción y = 1,5h1,6 y el producto marginal correspondiente.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/21.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-21-header.jpg</image:loc>
        <image:title>World Wide Web: LyonLabs, LLC and Barrett Lyon, licensed under CC BY-NC 4.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-kYIcwNVk5y8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-02.jpg</image:loc>
        <image:title>Innovaation kustannukset ja ylituotto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-03.jpg</image:loc>
        <image:title>Innovaatiot ja laskentateho: laskentanopeuden indeksi. Muutamia innovaatioita nimetty ja nostettu esiin värillisin pistein.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-04.jpg</image:loc>
        <image:title>Tuottavuuden kasvunopeus pitkällä aikavälillä, 1400–2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-f.jpg</image:loc>
        <image:title>Innovointipäätös: komplementit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-a.jpg</image:loc>
        <image:title>Aloitetaan rivipelaajasta
: Aloitetaan rivipelaajasta. Mikä on sen paras vaste, jos sarakepelaaja alkaa kehittää innovaatiota?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-b.jpg</image:loc>
        <image:title>Paras vaste
: Paras vaste on innovoida itsekin, koska tulos on 1 (&gt; 0). Merkitään piste vasemman yläkulman ruutuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-c.jpg</image:loc>
        <image:title>Rivipelaajan vaste
: Etsitään seuraavaksi rivipelaajan paras vaste, jos sarakepelaaja ei kehitä innovaatiota. Rivipelaajan kannattaa myös jättää innovoimatta. Merkitään oikean alakulman ruutuun piste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-d.jpg</image:loc>
        <image:title>Sarakepelaajan valinnat
: On sarakepelaajan vuoro. Mikä on sen paras vaste rivipelaajan innovointiin? Sen kannattaa myös innovoida. Merkitään ympyrä vasemman yläkulman ruutuun pisteen ympärille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-06-e.jpg</image:loc>
        <image:title>Sarakepelaajan vaste
: Etsitään samalla tavalla sarakepelaajan vaste, kun rivipelaaja ei innovoi. Ympyrä ja piste tulevat jälleen samaan ruutuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-f.jpg</image:loc>
        <image:title>Innovointipäätös: substituutit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-a.jpg</image:loc>
        <image:title>Aloitetaan rivipelaajasta
: Aloitetaan rivipelaajasta. Mikä on sen paras vaste, jos sarakepelaaja alkaa kehittää innovaatiota?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-b.jpg</image:loc>
        <image:title>Paras vaste
: Paras vaste on olla innovoimatta, koska se tuottaa pienemmän tappion kuin innovoiminen (0,5 &lt; 1). Merkitään vasemman alakulman ruutuun piste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-c.jpg</image:loc>
        <image:title>Rivipelaajan vaste
: Etsitään seuraavaksi rivipelaajan paras vaste, jos sarakepelaaja ei kehitä innovaatiota. Rivipelaajan kannattaa silloin innovoida. Merkitään oikean yläkulman ruutuun piste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-d.jpg</image:loc>
        <image:title>Sarakepelaajan valinnat
: On sarakepelaajan vuoro. Mikä on sen paras vaste rivipelaajan innovointiin? Sen kannattaa jättää innovoimatta. Merkitään ympyrä vasemman alakulman ruutuun pisteen ympärille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-07-e.jpg</image:loc>
        <image:title>Sarakepelaajan vaste
: Etsitään samalla tavalla sarakepelaajan vaste, kun rivipelaaja ei innovoi. Ympyrä ja piste tulevat jälleen samaan ruutuun.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-08.jpg</image:loc>
        <image:title>Tietovaltaisen hyödykkeen rajakustannukset, keskikustannukset ja ensimmäisen yksikön tuotantokustannukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-10-e.jpg</image:loc>
        <image:title>Verkostoon liittymisen nettoarvo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-10-a.jpg</image:loc>
        <image:title>Betamaxin nettohyöty
: Betamaxin nettohyötyä kuluttajalle kuvaa sininen suora, jota luetaan vasemmalta oikealle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-10-b.jpg</image:loc>
        <image:title>Kaikki ostavat Betamaxin
: Jokaisen ostajan nettohyöty on ΠBmax, joka on yhtä suuri kuin qBnmarkkinat − p. Tämä tarkoittaa, että Betamax voittaa formaattisodan ja valtaa markkinat kokonaan (piste A).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-10-c.jpg</image:loc>
        <image:title>Kukaan ei osta Betamaxia
: Ostajan saama nettohyöty on negatiivinen hänen laitteesta maksamansa hinnan verran.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-10-d.jpg</image:loc>
        <image:title>VHS:n nettohyöty
: VHS:n nettohyötyä kuluttajalle kuvaa punainen suora. VHS voittaa formaattisodan ja valtaa markkinat pisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-r7vzgexzXOk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-a-e.jpg</image:loc>
        <image:title>Kaksipuoliset markkinat: esimerkkitapauksena Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-a-a.jpg</image:loc>
        <image:title>Sivustoa käyttävien majoituksen etsijöiden määrä
: Airbnb-sivustolta majoitusta etsivien määrä riippuu sivustolla asuntoilmoituksen julkaisevien määrästä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-a-b.jpg</image:loc>
        <image:title>Asuntoilmoitusten määrä
: Asuntoilmoitusten määrä riippuu sivustolta majoitusta etsivien määrästä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-a-c.jpg</image:loc>
        <image:title>Piste Z
: Käyrät leikkaavat pisteessä Z. Se on Nash-tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-a-d.jpg</image:loc>
        <image:title>Mitä tapahtuu, jos majoituksen etsijöitä on nolla
: Asunnonomistajat eivät ilmoita sivustolla. Mallin toinen Nash-tasapaino on siten se, jossa kukaan ei tee mitään (piste O).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-b-e.jpg</image:loc>
        <image:title>Kaksipuoliset markkinat: esimerkkitapauksena Airbnb.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-b-a.jpg</image:loc>
        <image:title>Majoituksen etsijöitä paljon
: Ajatellaan tilannetta, jossa majoituksen etsijöitä on 876 mutta asunnon ilmoittajia vain 300 (piste B).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-b-b.jpg</image:loc>
        <image:title>Lisää ilmoittajia
: Se houkuttelee lisää asunnonomistajia ilmoittamaan sivustolla (piste C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-b-c.jpg</image:loc>
        <image:title>Lisää etsijöitä
: Ilmoitusten lisääntyminen tuo sivustolle lisää majoituksen etsijöitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-11-b-d.jpg</image:loc>
        <image:title>Vakaa tasapaino
: Markkinoiden nousukierre johtaa pisteen Z vakaaseen Nash-tasapainoon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/21-creative-commons-logo.jpg</image:loc>
        <image:title>Creative commons logo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-12-c.jpg</image:loc>
        <image:title>Patentit ja uuden tiedon tuotanto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-12-a.jpg</image:loc>
        <image:title>Vanha tieto auttaa luomaan uutta
: Patentit hidastavat uuden tiedon luomista vanhan tiedon pohjalta. Watt ja Boulton havaitsivat, että patenttisuojatun vanhan tiedon hyödyntämisen voi kieltää patenttiin vetoamalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-12-b.jpg</image:loc>
        <image:title>Patentit kannustavat innovoimaan
: Uutta tietoa luovat keksijät saavat mainetta ja innovaatiotuottoja. Watt ei keksinyt höyrykonetta päästäkseen hyötymään patentista, mutta toisia keksijöitä kaupallistamismahdollisuus motivoi vahvasti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-F_W1V673YJg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-13-e.jpg</image:loc>
        <image:title>Innovaation kustannukset ja ylituotot keksijän ja muiden näkökulmasta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-13-a.jpg</image:loc>
        <image:title>Innovaation tekijälle syntyy kustannuksia
: Innovaation kustannuksia kuvaa punainen suorakulmio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-13-b.jpg</image:loc>
        <image:title>Innovaatio onnistuu
: Yritys saa taloudellisen voiton ylittäviä innovaatiotuottoja. Niitä kuvaa nollavoittokatkoviivan yläpuolinen suorakulmio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-13-c.jpg</image:loc>
        <image:title>Patentti
: Innovaatiotuottoja kertyy patentin suoja-ajalta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-13-d.jpg</image:loc>
        <image:title>Hyöty muualla taloudessa
: Alempi kaavio kuvaa innovaation hyötyjä. Ilman innovaatiota muut talouden toimijat eivät saa hyötyä lainkaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-14-c.jpg</image:loc>
        <image:title>Samakokonaishyötykäyrät: keksinnön ja leviämisen hyödyt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-14-a.jpg</image:loc>
        <image:title>Samakokonaishyötykäyrä
: Laskeva käyrä on samahyötykäyrä, jota nimitetään samakokonaishyötykäyräksi. Käyrällä innovaation kokonaishyöty on vakio pIB.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-14-b.jpg</image:loc>
        <image:title>Käyrää koskettavat suorakulmiot
: Kulmastaan käyrää koskettavien suorakulmioiden alat ovat yhtä suuret. Sitä kuvaavat pisteet C ja D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-15.jpg</image:loc>
        <image:title>Patentin suoja-aika ja innovaation todennäköisyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-16.jpg</image:loc>
        <image:title>Mahdollisuuksien joukko: innovaation todennäköisyys ja muiden hyöty.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-17-d.jpg</image:loc>
        <image:title>Yhteiskunnalle optimaalinen innovaation todennäköisyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-17-a.jpg</image:loc>
        <image:title>Yhteiskunnan odotettu hyöty maksimoituu
: Yhdistämällä mahdollisuuksien joukon ja samakokonaishyötykäyrät voimme arvioida, miten pitkä patentin suoja-aika tuottaa yhteiskunnalle mahdollisimman suuren odotetun hyödyn.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-17-b.jpg</image:loc>
        <image:title>Korkein kokonaishyödyn taso
: Kokonaishyödyn korkeinta mahdollista tasoa vastaa samakokonaishyötykäyrän ja mahdollisuuksien joukon sivuamispiste A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-17-c.jpg</image:loc>
        <image:title>Optimaalinen innovaation todennäköisyys
: Yhteiskunnalle optimaalinen innovaation todennäköisyys on p*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-18-c.jpg</image:loc>
        <image:title>Optimaalisen patentin suoja-aika.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-18-a.jpg</image:loc>
        <image:title>Optimaalinen innovaation todennäköisyys
: Kuviossa 21.17 osoitimme, että kun huomioidaan muiden innovaatiosta saama hyöty, optimaalinen innovaation todennäköisyys on p*. Voimme johtaa siitä patentin oikean suoja-ajan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-18-b.jpg</image:loc>
        <image:title>Optimaalinen suoja-aika
: Jos todennäköisyys p* tunnetaan, patentin optimaalinen suoja-aika s* saadaan kuviosta 21.15 (oikeanpuoleinen kaavio).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-21-mcq-09.jpg</image:loc>
        <image:title>Innovaation todennäköisyys, kun patentin suoja-aika pitenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-3r1IPsldbBg.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-01-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-01-02-02.jpg</image:loc>
        <image:title>Tuotantofunktio y = 30h0,4 ja funktion rajatuotos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-08-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-11-d.svg</image:loc>
        <image:title>An increase in the demand for books.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-08-12-e.svg</image:loc>
        <image:title>An increase in the supply of bread: A fall in MC.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-02-header.jpg</image:loc>
        <image:title>Processus automatiques d'assemblage : Moreno Soppelsa/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-01.jpg</image:loc>
        <image:title>Salaires réels au cours de sept siècles : salaires des artisans (travailleurs qualifiés) à Londres (1264–2001) et population britannique
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-05.jpg</image:loc>
        <image:title>Il existe de nombreuses formes de modèles – et vous avez déjà pu en voir trois dans les Figures 1.5, 1.8 et 1.12 de l’Unité 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-08.jpg</image:loc>
        <image:title>Il existe de nombreuses formes de modèles – et vous avez déjà pu en voir trois dans les Figures 1.5, 1.8 et 1.12 de l’Unité 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-12.jpg</image:loc>
        <image:title>Il existe de nombreuses formes de modèles – et vous avez déjà pu en voir trois dans les Figures 1.5, 1.8 et 1.12 de l’Unité 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-02.jpg</image:loc>
        <image:title>Schéma du modèle hydraulique d’équilibre économique par Irving Fisher (1891)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-f.jpg</image:loc>
        <image:title>Différentes technologies pour produire 100 mètres de drap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-a.jpg</image:loc>
        <image:title>Comparaison de cinq technologies pour produire 100 mètres de drap
: Le tableau décrit cinq technologies différentes auxquelles nous faisons référence dans la suite de cette section. Elles utilisent différentes quantités de travail et de charbon comme facteurs de production pour produire 100 mètres de drap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-b.jpg</image:loc>
        <image:title>Technologie A : intensive en énergie
: La technologie A est la plus intensive en énergie, utilisant 1 travailleur et 6 tonnes de charbon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-c.jpg</image:loc>
        <image:title>Technologie B
: La technologie B utilise 4 travailleurs et 2 tonnes de charbon : c’est une technologie plus intensive en main-d’œuvre que A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-d.jpg</image:loc>
        <image:title>Technologie C
: La technologie C utilise 3 travailleurs et 7 tonnes de charbon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-03-e.jpg</image:loc>
        <image:title>Technologie D
: La technologie D utilise 5 travailleurs et 5 tonnes de charbon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-04-d.jpg</image:loc>
        <image:title>La technologie A domine C ; la technologie B domine D. La technologie E ne domine aucune autre technologie disponible. Nous le savons car aucune des quatre autres technologies n’est située dans la zone au-dessus et à droite de E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-04-a.jpg</image:loc>
        <image:title>Quelles technologies dominent les autres ?
: Les cinq technologies de production de 100 mètres de drap sont représentées par les points A à E. Nous pouvons utiliser ce graphique pour montrer quelles technologies dominent les autres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-04-b.jpg</image:loc>
        <image:title>A domine C
: Il est évident que la technologie A domine la technologie C : la même quantité de drap peut être produite en utilisant A avec moins de travail et moins d’énergie. Cela signifie que, si A est disponible, C n’est jamais utilisée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-04-c.jpg</image:loc>
        <image:title>B domine D
: La technologie B domine la technologie D : la même quantité de drap peut être produite en utilisant B avec moins de travail et moins d’énergie. Remarquez que B dominerait n’importe quelle autre technologie située dans l’aire ombrée située au-dessus et à droite du point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-g.jpg</image:loc>
        <image:title>Si nous regardons la droite d’isocoût pour 80 £, nous pouvons voir que tous les points au-dessus de la droite coûtent plus que 80 £, et tous ceux situés en-dessous coûtent moins.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-a.jpg</image:loc>
        <image:title>Le coût total à P1
: Le coût total d’employer 2 travailleurs avec 3 tonnes de charbon est (2 × 10) + (3 × 20) = 80 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-b.jpg</image:loc>
        <image:title>P2 coûte également 80 £
: Si le nombre de travailleurs s’élève à 6, coûtant 60 £, et que le charbon est réduit à 1 tonne, le coût total sera toujours de 80 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-c.jpg</image:loc>
        <image:title>La droite d’isocoût à 80 £
: La droite passant par P1 et P2 relie tous les points dont le coût total est de 80 £. Nous l’appelons droite d’isocoût : iso signifie « pareil » en grec. Remarquez qu’en traçant la droite, nous simplifions en supposant que des fractions de travailleurs et de charbon, aussi petites soient-elles, peuvent être achetées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-d.jpg</image:loc>
        <image:title>Une droite d’isocoût plus élevée
: Au point Q1 (3 travailleurs, 6 tonnes de charbon), le coût total est de 150 £. Afin de trouver la droite d’isocoût à 150 £, cherchez un autre point coûtant 150 £ : si 2 travailleurs supplémentaires sont employés, l’utilisation de charbon devrait être réduite d’une tonne afin de garder le coût à 130 £. Cela correspond au point Q2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-e.jpg</image:loc>
        <image:title>Plus de droites d’isocoût
: Nous pourrions tracer des droites d’isocoût pour tout autre ensemble de points dans le graphique. Si les prix des facteurs sont fixés, les isocoûts forment un ensemble de droites parallèles. Une manière simple de tracer ces droites est de trouver les points extrêmes : par exemple, la droite à 80 £ relie les points J (4 tonnes de charbon et pas de travailleur) et H (8 travailleurs, pas de charbon).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-05-f.jpg</image:loc>
        <image:title>La pente de chaque droite d’isocoût est : −(w/p)
: La pente des droites d’isocoût est négative (elles sont décroissantes). Dans ce cas la pente est -0,5, parce qu’à chaque point, si vous employez un travailleur de plus, coûtant 10 £, et réduisez la quantité de charbon de 0,5 tonne, économisant ainsi 10 £, le coût total resterait le même. La pente est égale à −(w/p), le salaire divisé par le prix du charbon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-06-d.jpg</image:loc>
        <image:title>Coût d’utilisation de différentes technologies pour produire 100 mètres de drap : faible coût relatif du travail
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-07-c.jpg</image:loc>
        <image:title>La pente de la droite d’isocoût se trouve en calculant le prix relatif du travail. Elle est égale à –(10/5) = −2. Si vous dépensez 10 £ en main-d’œuvre en recrutant un travailleur supplémentaire, vous pourriez réduire le charbon de 2 tonnes et garder le coût total à 40 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-07-a.jpg</image:loc>
        <image:title>La technologie A est la moins coûteuse quand le charbon est relativement peu cher
: Coût d’utilisation de différentes technologies pour produire 100 mètres de drap : coût relatif du travail élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-07-b.jpg</image:loc>
        <image:title>La courbe d’isocoût de 40 £ quand w = 10 et p = 5
: Coût d’utilisation de différentes technologies pour produire 100 mètres de drap : coût relatif du travail élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-08-c.jpg</image:loc>
        <image:title>Pour les nouveaux prix relatifs, la technologie B est sur la droite d’isocoût MN, où le coût est de 50 £. Passer à la technologie A sera moins coûteux.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-08-a.jpg</image:loc>
        <image:title>Au prix relatif initial, B est la technologie la moins coûteuse
: Coût des différentes technologies pour produire 100 mètres de drap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-08-b.jpg</image:loc>
        <image:title>Le prix du charbon baisse à 5 £
: Coût des différentes technologies pour produire 100 mètres de drap.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/vimeo-75421736.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/01-joseph-schumpeter.jpg</image:loc>
        <image:title>Joseph Schumpeter</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-10.jpg</image:loc>
        <image:title>Salaires exprimés relativement au prix de l’énergie (début du 18e siècle)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-11.jpg</image:loc>
        <image:title>Salaires rapportés au coût des biens d’équipement (de la fin du 16e au début du 19e siècle)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-12-c.jpg</image:loc>
        <image:title>Coût des différentes technologies pour produire 100 mètres de drap en Grande-Bretagne aux 17e et 18e siècles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-12-a.jpg</image:loc>
        <image:title>La technologie au 17e siècle
: Les prix relatifs prévalant au 17e siècle sont indiqués par la droite d’isocoût HJ. On utilisait à l’époque la technologie B. Pour ces prix relatifs, il n’existait pas d’incitation à développer une technologie telle que A, située en dehors de la droite d’isocoût HJ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-12-b.jpg</image:loc>
        <image:title>La technologie au 18e siècle
: Au 18e siècle, les droites d’isocoût comme la droite FG étaient bien plus pentues, car le prix relatif du travail par rapport au charbon était plus élevé. Le coût relatif était suffisamment élevé pour rendre la technologie A moins coûteuse que la technologie B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-vyNOWxprt4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-13-c.jpg</image:loc>
        <image:title>La technologie A′ est moins coûteuse que A et B, à la fois dans les pays où les salaires sont relativement élevés (droite d’isocoût FG) et dans les économies à bas salaires où l’énergie coûte cher (droite d’isocoût HJ). La nouvelle technologie économe en travail et en énergie, A′, est située à l’intérieur de FG et HJ. Elle sera donc adoptée dans les deux types d’économie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-13-a.jpg</image:loc>
        <image:title>Intensive en travail ou en énergie ?
: Quand le prix relatif du travail est élevé, la technologie A, intensive en énergie, est choisie. Quand le prix relatif du travail est faible, la technologie B, intensive en main-d’œuvre, est choisie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-13-b.jpg</image:loc>
        <image:title>Une amélioration dans la technologie
: Des améliorations dans la technologie de fabrication de drap ont lieu – une nouvelle technologie appelée A′ est disponible. Cette technologie utilise deux fois moins d’énergie par travailleur pour produire 100 mètres de drap. La nouvelle technologie domine A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>Fonction de production d’un fermier : décroissance de la productivité moyenne du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-a.jpg</image:loc>
        <image:title>La fonction de production du fermier
: La fonction de production montre la relation entre le nombre de fermiers travaillant la terre et la quantité de céréales récoltée à la fin de la saison.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-b.jpg</image:loc>
        <image:title>Production avec 800 fermiers
: Le point A de la fonction de production représente la quantité de céréales produite par 800 fermiers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-c.jpg</image:loc>
        <image:title>Production avec 1 600 fermiers
: Le point B de la fonction de production représente la quantité de céréales produite par 1 600 fermiers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-d.jpg</image:loc>
        <image:title>La production moyenne diminue
: Au point A, la productivité moyenne du travail est 500 000 ÷ 800 = 625 kg de céréales par fermier. Au point B, la productivité moyenne du travail est 732 000 ÷ 1 600 = 458 kg de céréales par fermier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-14-b-e.jpg</image:loc>
        <image:title>La pente de la corde représente la productivité moyenne
: La pente de la corde partant de l’origine et passant par le point B situé sur la fonction de production représente la productivité moyenne du travail au point B. La pente est de 458, ce qui signifie que la productivité moyenne est de 458 kg par fermier lorsque 1 600 fermiers travaillent la terre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-15.jpg</image:loc>
        <image:title>Modèle de Malthus : l’effet d’une amélioration de la technologie
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-16-e.jpg</image:loc>
        <image:title>Une économie malthusienne
: Une économie malthusienne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-16-a.jpg</image:loc>
        <image:title>Graphique de gauche : comment les salaires dépendent de la taille de la population
: À un niveau de population intermédiaire, le salaire des personnes qui travaillent la terre est au niveau de subsistance (point A). Le salaire est plus élevé au point B, où la population est plus petite, parce que la productivité moyenne du travail est plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-16-b.jpg</image:loc>
        <image:title>Graphique de droite : comment la croissance démographique dépend des niveaux de vie
: La droite du graphique de droite est croissante, ce qui indique que lorsque les salaires (sur l’axe des ordonnées) sont élevés, la croissance de la population (sur l’axe des abscisses) est positive (la population augmentera donc). Quand les salaires sont bas, la croissance de la population est négative (la population chute).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-16-c.jpg</image:loc>
        <image:title>Faire le lien entre les deux graphiques
: Au point A, sur la gauche, la population est de taille intermédiaire et le salaire est au niveau de subsistance. Le tracé vers le point A′ sur la droite montre que la croissance démographique est égale à zéro. Ainsi, si l’économie est au point A, elle est à l’équilibre : la population reste constante et les salaires restent au niveau de subsistance.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-16-d.jpg</image:loc>
        <image:title>Une population plus petite
: Après une épidémie, par exemple, l’économie est au pointB, avec un salaire plus élevé et une population moindre. Le point B′, sur la droite, montre que la population augmentera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-17-e.jpg</image:loc>
        <image:title>Introduction d’une nouvelle technologie dans une économie malthusienne
: Introduction d’une nouvelle technologie dans une économie malthusienne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-17-a.jpg</image:loc>
        <image:title>L’économie est initialement à l’équilibre
: L’économie débute au point A, avec une population de taille intermédiaire et des salaires au niveau de subsistance.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-17-b.jpg</image:loc>
        <image:title>Une avancée technologique – hausse des salaires
: Une amélioration technologique (par exemple, de meilleures graines) augmente le rendement moyen du travail, et le salaire est plus élevé quelle que soit la taille de la population. La droite du salaire réel se déplace vers le haut. Au niveau de population initial, le salaire augmente et l’économie se déplace au point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-17-c.jpg</image:loc>
        <image:title>La population commence à augmenter
: Au point D, le salaire s’est élevé au-dessus du niveau de subsistance et par conséquent la population commence à augmenter (point D′).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-17-d.jpg</image:loc>
        <image:title>La population augmente
: À mesure que la population augmente, les salaires chutent, à cause des rendements décroissants du travail. L’économie se déplace du point D vers le bas le long de la courbe des salaires réels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-18.jpg</image:loc>
        <image:title>La trappe malthusienne : salaires et population (Années 1280–Années 1600)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-g.jpg</image:loc>
        <image:title>Une économie malthusienne en Angleterre
: La Peste Noire, l’offre de travail, le politique et les salaires : une économie malthusienne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-a.jpg</image:loc>
        <image:title>Une économie malthusienne en Angleterre (1300–1600)
: Dans ce graphique, nous examinons l’économie malthusienne qui a existé en Angleterre entre les années 1300 et 1600, mise en évidence ci-dessus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-b.jpg</image:loc>
        <image:title>La Peste Noire (1348–50)
: La peste bubonique de 1348–1350 était également appelée la Peste noire. Elle tua 1,5 million de personnes parmi la population anglaise alors estimée à 4 millions de personnes, ce qui s’est traduit par une chute spectaculaire de l’offre de travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-c.jpg</image:loc>
        <image:title>Les revenus ont augmenté suite à l’épidémie
: Cette baisse de la population s’est traduite par un bénéfice économique pour les fermiers et travailleurs qui ont survécu : les fermiers avaient à la fois plus de terres et des terres de meilleure qualité et les travailleurs pouvaient demander des salaires plus élevés. Les revenus augmentaient à mesure que la peste s’atténuait.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-d.jpg</image:loc>
        <image:title>Les fermiers et les ouvriers ont utilisé leur pouvoir
: En 1351, le roi Edouard III d’Angleterre tenta de limiter, par la loi, l’augmentation des salaires, ce qui contribua à causer une période de révoltes contre l’autorité, notamment la révolte des paysans de 1381. Malgré l’intervention du roi, les revenus ont continué à augmenter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-e.jpg</image:loc>
        <image:title>La population a augmenté au 16e siècle
: D’ici le milieu du 15e siècle, les salaires réels des ouvriers du bâtiment anglais ont doublé. Les salaires plus élevés ont permis à la population de se rétablir au 16e siècle, mais la loi de Malthus s’est vérifiée : à mesure que la population augmentait, les revenus ont baissé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-19-f.jpg</image:loc>
        <image:title>Stagnation malthusienne (1350–1600)
: En 1600, les salaires réels avaient chuté au niveau observé trois siècles auparavant.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-20.jpg</image:loc>
        <image:title>Sortie de la trappe malthusienne. Note : la productivité du travail et les salaires réels sont des moyennes mobiles centrées sur cinq ans
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-f.jpg</image:loc>
        <image:title>Sortie de la trappe malthusienne
: Sortie de la trappe malthusienne. Note : la productivité du travail et les salaires réels sont des moyennes mobiles centrées sur cinq ans.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-a.jpg</image:loc>
        <image:title>Sortie de la trappe malthusienne
: Au 18e siècle, la relation malthusienne persistait. Au 19e siècle, l’économie s’est déplacée vers ce qui semble être un régime non malthusien, marqué par une hausse simultanée de la population et des salaires réels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-b.jpg</image:loc>
        <image:title>La révolution technologique permanente
: La période commence par des améliorations technologiques qui firent augmenter la production par travailleur, telles la machine à filer et la machine à vapeur. Les innovations ont continué au cours de la période avec la révolution technologique permanente, se substituant à des milliers de fileuses, tisserands et fermiers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-c.jpg</image:loc>
        <image:title>Chômage urbain
: Cette perte d’emplois a affaibli le pouvoir de négociation des travailleurs et contribué à maintenir des salaires faibles, comme l’indique la droite plate entre 1750 et 1830. Au cours de cette période, la taille du gâteau augmenta, mais pas la part accordée aux travailleurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-d.jpg</image:loc>
        <image:title>De nouvelles opportunités
: Dans les années 1830, la productivité plus élevée et les salaires bas engendrèrent une envolée des profits. Les profits, la concurrence et la technologie ont permis le développement de l’activité économique. La demande de travail a augmenté. La population abandonna l’agriculture pour travailler dans les nouvelles usines.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-02-21-e.jpg</image:loc>
        <image:title>Pouvoir de négociation des travailleurs
: L’offre de travail a chuté lorsque l’on a interdit aux propriétaires d’entreprises d’employer des enfants. La combinaison d’une hausse de la demande et d’une baisse de l’offre de travail a amélioré le pouvoir de négociation des travailleurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-iEHQR1fG0_g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-01-03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-01-03-03.svg</image:loc>
        <image:title>The production function y = 1.5h1.6 and the corresponding marginal product.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/50-01-looking-forward.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-19-12.jpg</image:loc>
        <image:title>La nube de palabras en el prefacio hecha a partir de las respuestas de los estudiantes de la Universidad de Humboldt, que está dominada por la desigualdad, es típica. Los estudiantes de todo el mundo también nos han dicho que están interesados en la innovación, los problemas ambientales, el desempleo y la inestabilidad.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/07.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-07-header.jpg</image:loc>
        <image:title>Ford 1955 advertisement: courtesy Ford Motor Company; photograph by Don O’Brien, https://goo.gl/0qfEU7</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-01.svg</image:loc>
        <image:title>Firm size in the US: Number of employees (1900–2006).
: Firm size in the US: Number of employees (1900–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-02.svg</image:loc>
        <image:title>The firm’s decisions.
: The firm’s decisions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-03.svg</image:loc>
        <image:title>Estimated demand for Apple-Cinnamon Cheerios.
: Estimated demand for Apple-Cinnamon Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-f.svg</image:loc>
        <image:title>Isoprofit curves for the production of Apple-Cinnamon Cheerios. Note: Isoprofit data is illustrative only, and does not reflect the real-world profitability of the product.
: Isoprofit curves for the production of Apple-Cinnamon Cheerios. Note: Isoprofit data is illustrative only, and does not reflect the real-world profitability of the product.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-e.svg</image:loc>
        <image:title>Isoprofit curve: $60,000
: You could make $60,000 profit by selling 60,000 pounds at a price of $3, or 20,000 pounds at $5, or 10,000 pounds at $8, or in many other ways. The curve shows all the possible ways of making $60,000 profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-d.svg</image:loc>
        <image:title>Isoprofit curve: $34,000
: The $34,000 isoprofit curve shows all the combinations of P and Q for which profit is equal to $34,000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-c.svg</image:loc>
        <image:title>Isoprofit curve: $23,000
: The isoprofit curves nearer to the origin correspond to lower levels of profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-b.svg</image:loc>
        <image:title>Isoprofit curve: $10,000
: The cost of each pound of Cheerios is $2, so profit = (P − 2) × Q. This means that isoprofit curves slope downward. To make a profit of $10,000, P would have to be very high if Q was less than 8,000. But if Q = 80,000 you could make this profit with a low P.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-04-a.svg</image:loc>
        <image:title>Zero profits
: The horizontal line shows the choices of price and quantity where profit is zero: if you set a price of $2, you would be selling each pound of cereal for exactly what it cost.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-a-d.svg</image:loc>
        <image:title>The profit-maximizing choice of price and quantity for Apple-Cinnamon Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-a-a.svg</image:loc>
        <image:title>The profit-maximizing choice
: The manager would like to choose a combination of P and Q on the highest possible isoprofit curve in the feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-a-b.svg</image:loc>
        <image:title>Zero profits
: The profit-maximizing choice of price and quantity for Apple-Cinnamon Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-a-c.svg</image:loc>
        <image:title>Profit-maximizing choices
: The manager would choose a price and quantity corresponding to a point on the demand curve. Any point below the demand curve would be feasible, such as selling 8,000 pounds of cereal at a price of $3, but you would make more profit if you raised the price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-g.svg</image:loc>
        <image:title>The profit-maximizing choice of price and quantity for Apple-Cinnamon Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-a.svg</image:loc>
        <image:title>The profit function
: The firm can calculate its profit at each point on the demand curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-b.svg</image:loc>
        <image:title>Profit at low quantities
: When the quantity is low, so is the profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-c.svg</image:loc>
        <image:title>Increasing profits
: As quantity increases, profit rises until…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-d.svg</image:loc>
        <image:title>Maximum profits
: … profit reaches a maximum at E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-e.svg</image:loc>
        <image:title>Falling profits
: Beyond E the profit falls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-05-b-f.svg</image:loc>
        <image:title>Zero profits
: Profit falls to zero when the price is equal to the unit cost, $2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-g.svg</image:loc>
        <image:title>Beautiful Cars: Cost function and average cost.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-a.svg</image:loc>
        <image:title>The cost function
: The top panel shows the cost function, C(Q). It shows the total cost for each level of output, Q.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-b.svg</image:loc>
        <image:title>Fixed costs
: Some costs do not vary with the number of cars. For example, once the firm has decided the size of its factory and invested in equipment, those costs will be the same irrespective of output. These are called fixed costs. So when Q = 0, the only costs are the fixed costs, F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-c.svg</image:loc>
        <image:title>Total costs are increasing
: As Q increases, total costs rise and the firm needs to employ more production workers. At point A, 20 cars are produced (we call this Q0) costing $80,000 (we call this C0).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-d.svg</image:loc>
        <image:title>Average cost
: If the firm produces 20 cars per day, the average cost of a car is C0 divided by Q0, which is shown by the slope of the line from the origin to A. The average cost is now $80,000/20 = $4,000. We have plotted the average cost at point A on the lower panel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-e.svg</image:loc>
        <image:title>Falling average cost
: As output rises above A, fixed costs are shared between more cars. The average cost falls. At point B, the total cost is $136,000, average cost is $3,400.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-06-f.svg</image:loc>
        <image:title>Rising average cost
: Average cost is lowest at point B. When production increases beyond B, the line to the origin gets gradually steeper again. At D average cost has risen to $3,600.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-h.svg</image:loc>
        <image:title>The marginal cost of a car.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-a.svg</image:loc>
        <image:title>Total cost, average cost and marginal cost
: The upper panel shows the cost function (also called the total cost curve). The lower panel shows the average cost curve. We will plot the marginal costs in the lower panel too.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-b.svg</image:loc>
        <image:title>Total cost
: Suppose the firm is producing 20 cars at point A. The total cost is $80,000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-c.svg</image:loc>
        <image:title>Marginal cost
: The marginal cost is the cost of increasing output from 20 to 21. This would increase total costs by an amount that we call ∆C, equal to $2,200. The triangle drawn at A shows that the marginal cost is equal to the slope of the cost function at that point.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-d.svg</image:loc>
        <image:title>Marginal cost at A
: We have plotted the marginal cost at point A in the lower panel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-e.svg</image:loc>
        <image:title>Marginal cost at D
: At point D, where Q = 60, the cost function is much steeper. The marginal cost of producing an extra car is higher: ∆C = $4,600.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-f.svg</image:loc>
        <image:title>Marginal cost at B
: At point B, the curve is steeper than at A, but flatter than at D: MC = $3,400.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-07-g.svg</image:loc>
        <image:title>The cost function
: Look at the shape of the whole cost function. When Q = 0 it is quite flat, so marginal cost is low. As Q increases, the cost function gets steeper, and marginal cost gradually rises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-08-e.svg</image:loc>
        <image:title>Average and marginal cost curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-08-a.svg</image:loc>
        <image:title>Average and marginal cost
: The diagram shows both the average cost curve and the marginal cost curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-08-b.svg</image:loc>
        <image:title>MC &lt; AC when Q = 20
: Look at point A on the AC curve. When Q = 20, the average cost is $4,000, but the marginal cost is only $2,200. So if 21 cars rather than 20 are produced, that will reduce the average cost. Average cost is lower at Q = 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-08-c.svg</image:loc>
        <image:title>Average cost curve slopes downward when AC &gt; MC
: At any point, like point A, where AC &gt; MC, the average cost will fall if one more car is produced, so the AC curve slopes downward.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-08-d.svg</image:loc>
        <image:title>Average cost curve slopes upward when AC &lt; MC
: At point D where Q = 60, the average cost is $3,600, but the cost of producing the 61st car is $4,600. So the average cost of a car will rise if 61 cars are produced. When AC &lt; MC, the average cost curve slopes upward.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-09.svg</image:loc>
        <image:title>The demand for cars (per day).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-mcq-07.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-f.svg</image:loc>
        <image:title>Isoprofit curves for Beautiful Cars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-a.svg</image:loc>
        <image:title>The zero-economic-profit curve
: The lightest blue curve is the firm’s average cost curve. If P = AC, the firm’s economic profit is zero. So the AC curve is also the zero-profit curve: it shows all the combinations of P and Q that give zero economic profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-b.svg</image:loc>
        <image:title>The shape of the zero-economic-profit curve
: Beautiful Cars has decreasing AC when Q &lt; 40, and increasing AC when Q &gt; 40. When Q is low, it needs a high price to break even. If Q = 40 it could break even with a price of $3,400. For Q &gt; 40, it would need to raise the price again to avoid a loss.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-c.svg</image:loc>
        <image:title>AC and MC
: Beautiful Cars has increasing marginal costs: the upward-sloping line. Remember that the AC curve slopes down if AC &gt; MC, and up if AC &lt; MC. The two curves cross at B, where AC is lowest.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-d.svg</image:loc>
        <image:title>Isoprofit curves
: The darker blue curves show the combinations of P and Q giving higher levels of profit, so points G and K give the same profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-10-e.svg</image:loc>
        <image:title>Profit = Q(P − AC)
: At G where the firm makes 23 cars, the price is $6,820 and the average cost is $3,777. The firm makes a profit of $3,043 on each car, and its total profit is $70,000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-mcq-08.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-11.svg</image:loc>
        <image:title>The profit-maximizing choice of price and quantity for Beautiful Cars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-e.svg</image:loc>
        <image:title>Calculating marginal revenue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-a.svg</image:loc>
        <image:title>Revenue when Q = 20
: When Q = 20, the price is $6,400, and revenue = $6,400 × 20, the area of the rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-b.svg</image:loc>
        <image:title>Revenue when Q = 21
: If quantity is increased to 21, the price falls to $6,320. The change in price is ΔP = −$80. The revenue at Q = 21 is shown by the area of the new rectangle, which is $6,320 × 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-c.svg</image:loc>
        <image:title>Marginal revenue when Q = 20
: The marginal revenue at Q = 20 is the difference between the two areas. The table shows that the area of the rectangle is larger when Q = 21. The marginal revenue is $4,720.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-a-d.svg</image:loc>
        <image:title>Why is MR &gt; 0?
: The increase in revenue happens because the firm gains $6,320 on the 21st car, and this gain is greater than the loss of 20 × $80 from selling the other 20 cars at a lower price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-i.svg</image:loc>
        <image:title>Marginal revenue, marginal cost, and profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-a.svg</image:loc>
        <image:title>Demand and marginal cost curves
: The upper panel shows the demand curve, and the middle panel shows the marginal cost curve. At point A, Q = 10, P = $7,200, revenue is $72,000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-b.svg</image:loc>
        <image:title>Marginal revenue
: The marginal revenue (middle panel) at A is the difference between the areas of the two rectangles: MR = $6,320.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-c.svg</image:loc>
        <image:title>Marginal revenue when Q = 20
: Marginal revenue when Q = 20 and P = $6,400 is $4,880.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-d.svg</image:loc>
        <image:title>Moving down the demand curve
: As we move down the demand curve, P falls and MR falls by more. The gain on the extra car gets smaller, and the loss on the other cars is bigger.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-e.svg</image:loc>
        <image:title>MR &lt; 0
: At point D, the gain on the extra car is outweighed by the loss on the others, so the marginal revenue is negative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-f.svg</image:loc>
        <image:title>The marginal revenue curve
: Joining the points in the middle panel gives the marginal revenue curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-g.svg</image:loc>
        <image:title>MR &gt; MC
: MR and MC cross at point E, where Q = 32. MR &gt; MC at any value of Q below 32: the revenue from selling an extra car is greater than the cost of making it, so it would be better to increase production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-12-b-h.svg</image:loc>
        <image:title>MR &lt; MC
: When Q &gt; 32, MR &lt; MC: if the firm was producing more than 32 cars it would lose profit if it made an extra car, and it would increase profit if it made fewer cars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-mcq-12.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-g.svg</image:loc>
        <image:title>Gains from trade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-a.svg</image:loc>
        <image:title>Gains from trade
: When the firm sets its profit-maximizing price P* = $5,440 and sells Q* = 32 cars per day, the 32nd consumer, whose WTP is $5,440, is just indifferent between buying and not buying a car, so that particular buyer’s surplus is equal to zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-b.svg</image:loc>
        <image:title>A higher WTP
: Other buyers were willing to pay more. The 10th consumer, whose WTP is $7,200, makes a surplus of $1,760, shown by the vertical line at the quantity 10.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-c.svg</image:loc>
        <image:title>What would the 15th customer have been willing to pay?
: The 15th consumer has WTP of $6,800 and hence a surplus of $1,360.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-d.svg</image:loc>
        <image:title>The consumer surplus
: To find the total surplus obtained by consumers, we add together the surplus of each buyer. This is shown by the shaded triangle between the demand curve and the line where price is P*. This measure of the consumers’ gains from trade is the consumer surplus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-e.svg</image:loc>
        <image:title>The producer surplus for the 20th car
: Similarly, the firm makes a producer surplus on each car sold. The marginal cost of the 20th car is $2,000. By selling it for $5,440, the firm gains $3,440, shown by the vertical line in the diagram between P* and the marginal cost curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-13-b-f.svg</image:loc>
        <image:title>The total producer surplus
: To find the total producer surplus, we add together the surplus on each car produced: this is the purple-shaded area.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-14-e.svg</image:loc>
        <image:title>Deadweight loss.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-14-a.svg</image:loc>
        <image:title>Unexploited gains from trade
: The firm’s profit-maximizing price and quantity is at point E, but there are unexploited gains from trade. The firm could make one more car and sell it to the 33rd consumer for more than it would cost to produce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-14-b.svg</image:loc>
        <image:title>A Pareto-efficient allocation
: Suppose the firm chooses F instead, selling Q0 cars at a price P0 equal to the marginal cost. This allocation is Pareto efficient: making another car would cost more than P, and there are no more consumers willing to pay that much.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-14-c.svg</image:loc>
        <image:title>A higher consumer surplus
: The consumer surplus is higher at F than at E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-14-d.svg</image:loc>
        <image:title>A higher total surplus
: The producer surplus is lower at F than at E, but the total surplus is higher.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-15-e.svg</image:loc>
        <image:title>The elasticity of demand for cars.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-15-a.svg</image:loc>
        <image:title>This demand curve is a straight line
: At each point on the demand curve if Q increases by 1, P changes by ΔP = −$80.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-15-b.svg</image:loc>
        <image:title>Elasticity at A
: At point A, if ΔQ = 1, the % change in Q is 100 × 1/20 = 5%. Since ΔP = −$80, the % change in price is 100 × (−80)/6,400 = −1.25%. The elasticity is 4.00.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-15-c.svg</image:loc>
        <image:title>Elasticity is lower at B than at A
: At B, Q is higher, so the percentage change when ΔP = 1 is lower. Similarly, P is lower and the percentage change in P is higher. So the elasticity at B is lower than at A. The table shows that it is 1.50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-15-d.svg</image:loc>
        <image:title>As Q increases, elasticity decreases
: The elasticity is below 1 at C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-16.svg</image:loc>
        <image:title>A firm facing highly elastic demand.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-17.svg</image:loc>
        <image:title>A firm facing less elastic demand.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-mcq-15.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-18.svg</image:loc>
        <image:title>The elasticity of demand and the marginal revenue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/07-augustin-cournot.jpg</image:loc>
        <image:title>Augustin Cournot</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-21.svg</image:loc>
        <image:title>Advertising expenditure and market share of breakfast cereals in Chicago (1991–92).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-22-02-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-06.jpg</image:loc>
        <image:title>Diktaattori valitsee poliittiset ylituottonsa maksimoivan veron.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/15.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-15-header.jpg</image:loc>
        <image:title>25th Annual Sonoma County Hot Air Balloon Classic: Sean Freese, https://goo.gl/ET1nEi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-01.jpg</image:loc>
        <image:title>Inflation et victoire à l’élection présidentielle aux États-Unis (1912–2012)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-02-c.jpg</image:loc>
        <image:title>Trois causes de l’inflation : changements dans le pouvoir de négociation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-02-a.jpg</image:loc>
        <image:title>Le pouvoir des propriétaires augmente par rapport aux consommateurs
: Par exemple, sous l’effet d’une moindre concurrence (effet de moyen à long terme).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-02-b.jpg</image:loc>
        <image:title>Le pouvoir des employés augmente par rapport aux propriétaires
: Par exemple, sous l’effet de syndicats plus puissants (effet de moyen à long terme).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-03.jpg</image:loc>
        <image:title>La courbe originale de Phillips : inflation des salaires et chômage (1861–1913)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/15-bill-phillips.jpg</image:loc>
        <image:title>Bill Phillips</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-mcq-03.jpg</image:loc>
        <image:title>Le marché du travail
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-a.jpg</image:loc>
        <image:title>Inflation et conflit pour le partage du gâteau : niveau des prix stable à l’équilibre du marché du travail
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-b-c.jpg</image:loc>
        <image:title>Inflation et conflit pour le partage du gâteau avec un chômage faible et un chômage élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-b-a.jpg</image:loc>
        <image:title>Équilibre du marché du travail au point A
: Au point A, l’économie est à l’équilibre sur le marché du travail. Le salaire réel sur la courbe des salaires est égal à celui sur la courbe des prix, de sorte que la somme des revendications des entreprises sur le profit réel par travailleur et celles des travailleurs sur les salaires réels corresponde à la productivité du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-b-b.jpg</image:loc>
        <image:title>Faible chômage au point B
: Avec un chômage faible, le salaire réel requis pour que les travailleurs travaillent avec ardeur augmente, de sorte que les revendications des travailleurs pour les salaires et des propriétaires pour les profits sont incompatibles : elles excèdent la productivité du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-box-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-c-c.jpg</image:loc>
        <image:title>Écarts de négociation, inflation et la courbe de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-c-a.jpg</image:loc>
        <image:title>Équilibre sur le marché du travail
: L’écart de négociation et l’inflation sont nuls.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-c-b.jpg</image:loc>
        <image:title>Faible niveau de chômage
: L’écart de négociation et l’inflation sont positifs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-d-c.jpg</image:loc>
        <image:title>Les modèles à court et à moyen termes : demande agrégée, emploi et inflation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-d-a.jpg</image:loc>
        <image:title>Équilibre du marché du travail
: Quand le niveau de demande agrégée génère de l’emploi à l’équilibre du marché du travail (un niveau normal d’activité), le niveau des prix est stable (l’inflation vaut zéro).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-04-d-b.jpg</image:loc>
        <image:title>Expansion économique
: À un niveau plus élevé de demande agrégée (boom), il y a un écart de négociation positif et l’inflation est positive.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-h.jpg</image:loc>
        <image:title>La courbe de Phillips et les préférences du décideur public.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-a.jpg</image:loc>
        <image:title>Les préférences du décideur public
: Le graphique représente les courbes d’indifférence du décideur public.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-b.jpg</image:loc>
        <image:title>Emploi et inflation élevés
: Quand l’emploi et l’inflation sont très élevés, la courbe d’indifférence est plate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-c.jpg</image:loc>
        <image:title>Emploi et inflation plus faibles
: Quand l’inflation et l’emploi sont plus faibles, la courbe d’indifférence est plus pentue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-d.jpg</image:loc>
        <image:title>Inflation à 2 %
: La courbe d’indifférence est verticale quand l’inflation est à 2 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-e.jpg</image:loc>
        <image:title>Plein emploi
: La courbe d’indifférence est horizontale quand emploi = offre de travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-f.jpg</image:loc>
        <image:title>Le résultat préféré du décideur public
: F indique la combinaison d’inflation et de chômage préférée par le décideur public.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-05-g.jpg</image:loc>
        <image:title>L’ensemble des possibles
: Le décideur public choisit au sein de l’ensemble des possibles sur la courbe de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>Courbes de Phillips aux États-Unis (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-a.jpg</image:loc>
        <image:title>Où est la courbe de Phillips ?
: La figure montre les combinaisons d’inflation et de chômage pour les États-Unis chaque année entre 1960 et 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-b.jpg</image:loc>
        <image:title>Une courbe qui se déplace
: Nous pouvons utiliser la figure pour montrer le déplacement de la courbe de Phillips dans le temps.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-c.jpg</image:loc>
        <image:title>Les années 1960
: La courbe de Phillips (CP) pour les années 1960 montre que l’économie était en bonne santé. Les États-Unis pouvaient réaliser des combinaisons avec des niveaux d’inflation et de chômage relativement faibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-d.jpg</image:loc>
        <image:title>Années 1970
: Au début des années 1970, la courbe de Phillips s’est déplacée vers le haut de .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-e.jpg</image:loc>
        <image:title>Années 1970
: La courbe s’est à nouveau déplacée à la fin des années 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-f.jpg</image:loc>
        <image:title>Années 1980
: Et vers le haut de nouveau, au début des années 1980, dégradant davantage l’arbitrage entre chômage et inflation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-07-c.jpg</image:loc>
        <image:title>Écarts de négociation, anticipations d’inflation et courbe de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-07-a.jpg</image:loc>
        <image:title>Équilibre du marché du travail
: À l’équilibre du marché du travail, l’inflation est de 3 % conformément aux prévisions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-07-b.jpg</image:loc>
        <image:title>Expansion économique
: Avec un niveau de chômage plus faible, l’écart de négociation est de 2 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-box-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-box-c.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-09-c.jpg</image:loc>
        <image:title>Anticipations d’inflation et courbes de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-09-a.jpg</image:loc>
        <image:title>Équilibre du marché du travail au point A
: L’inflation est de 3 % conformément aux prévisions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-09-b.jpg</image:loc>
        <image:title>Boom : première période au point B
: Avec un niveau de chômage plus faible, l’écart de négociation est de 2 %. L’inflation est égale à l’inflation anticipée plus l’écart de négociation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-10-d.jpg</image:loc>
        <image:title>Inflation, inflation anticipée et écart de négociation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-10-a.jpg</image:loc>
        <image:title>Un écart de négociation nul
: L’inflation est au niveau anticipé, soit 3 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-10-b.jpg</image:loc>
        <image:title>Année 1
: Au début de l’année 1, à la suite de l’apparition d’un écart de négociation et après ajustement des salaires et des prix, l’inflation est égale à l’écart de négociation (2 %) augmenté de l’inflation anticipée (3 %).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-10-c.jpg</image:loc>
        <image:title>Année 2
: Au début de l’année 2, en l’absence de changement dans l’écart de négociation, l’inflation augmente à 7 % et correspond à l’écart de négociation augmenté de l’inflation anticipée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-11-d.jpg</image:loc>
        <image:title>Un choc pétrolier et la courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-11-a.jpg</image:loc>
        <image:title>Équilibre du marché du travail
: L’économie se trouve initialement au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-11-b.jpg</image:loc>
        <image:title>Un choc pétrolier
: Le prix du pétrole augmente et déplace la courbe des prix vers le bas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-11-c.jpg</image:loc>
        <image:title>L’écart de négociation
: Si la demande agrégée est maintenue pour garder l’économie au point A, il y a un écart de négociation positif. L’inflation augmentera année après année.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-12.jpg</image:loc>
        <image:title>Croissance du PIB au Royaume-Uni et prix réels du pétrole (1950–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-13.jpg</image:loc>
        <image:title>Inflation et taux de chômage au Royaume-Uni (1950–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-14.jpg</image:loc>
        <image:title>Mécanismes de transmission de la politique monétaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-15-c.jpg</image:loc>
        <image:title>L’utilisation de la politique monétaire pour stabiliser l’économie au cours d’une récession.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-15-a.jpg</image:loc>
        <image:title>Équilibre sur le marché des biens
: L’économie est initialement à l’équilibre sur le marché des biens, au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-15-b.jpg</image:loc>
        <image:title>Une récession
: La consommation chute alors, ce qui déplace la droite de demande agrégée vers le bas et l’économie entre en récession, se déplaçant du point A vers B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-16.jpg</image:loc>
        <image:title>Une baisse du taux d’intérêt en Australie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-18-d.jpg</image:loc>
        <image:title>Une intervention publique pour rétablir l’emploi et la production après une chute de l’investissement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-18-a.jpg</image:loc>
        <image:title>Avant la crise
: L’économie est au point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-18-b.jpg</image:loc>
        <image:title>L’effondrement de l’investissement
: Cela déplace la demande agrégée vers le bas. L’économie se déplace vers une situation marquée par un chômage plus important et une inflation plus faible (du point C au point D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-18-c.jpg</image:loc>
        <image:title>La banque centrale et le gouvernement répondent tous les deux
: Une diminution du taux d’intérêt et une relance budgétaire, via les réductions d’impôts et l’augmentation des dépenses publiques, ramènent la droite de demande agrégée à son niveau de départ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-20.jpg</image:loc>
        <image:title>Inflation et indépendance des banques centrales : pays de l’OCDE
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-21.jpg</image:loc>
        <image:title>Le taux de chômage compatible avec la stabilité de l’inflation dans l’économie
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-22.jpg</image:loc>
        <image:title>Réponses des prix à la hausse de l’emploi et l’utilisation des capacités de production
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-04-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>La asignación óptima de Anil cuando es altruista.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-06-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>Työpanoksen kustannuksen minimointi.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-12-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-02.jpg</image:loc>
        <image:title>La elección del nivel de producción de plátanos por parte de las plantaciones.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/04.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-04-header.jpg</image:loc>
        <image:title>Les Joueurs de Carte (Card Players): Paul Cézanne, Courtauld Institute of Art</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-01.svg</image:loc>
        <image:title>Social interactions in the invisible hand game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-a.svg</image:loc>
        <image:title>The payoffs in the invisible hand game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-g.svg</image:loc>
        <image:title>The payoff matrix in the invisible hand game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-a.svg</image:loc>
        <image:title>Finding best responses
: Begin with the row player (Anil) and ask: ‘What would be his best response to the column player’s (Bala’s) decision to play Rice?’
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-b.svg</image:loc>
        <image:title>Anil’s best response if Bala grows rice
: If Bala chooses Rice, Anil’s best response is to choose Cassava—that gives him 4, rather than 1. Place a dot in the bottom left-hand cell. A dot in a cell means that this is the row player’s best response.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-c.svg</image:loc>
        <image:title>Anil’s best response if Bala grows cassava
: If Bala chooses Cassava, Anil’s best response is to choose Cassava too—giving him 3, rather than 2. Place a dot in the bottom right-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-d.svg</image:loc>
        <image:title>Anil has a dominant strategy
: Both dots are on the bottom row. Whatever Bala’s choice, Anil’s best response is to choose Cassava. Cassava is a dominant strategy for Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-e.svg</image:loc>
        <image:title>Now find the column player’s best responses
: If Anil chooses Rice, Bala’s best response is to choose Rice (3 rather than 2). Circles represent the column player’s best responses. Place a circle in the upper left-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-02-b-f.svg</image:loc>
        <image:title>Bala has a dominant strategy too
: If Anil chooses Cassava, Bala’s best response is again to choose Rice (he gets 4 rather than 3). Place a circle in the lower left-hand cell. Rice is Bala’s dominant strategy (both circles are in the same column).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-mcq-02.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-03-a.svg</image:loc>
        <image:title>Social interactions in the pest control game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-03-b.svg</image:loc>
        <image:title>Payoff matrix for the pest control game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-04.svg</image:loc>
        <image:title>Prisoners’ dilemma (payoffs are years in prison).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-S0qjK3TWZE8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-mcq-03.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-e.svg</image:loc>
        <image:title>How Anil chooses to distribute his lottery winnings depends on whether he is selfish or altruistic.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-a.svg</image:loc>
        <image:title>Feasible payoffs
: Each point (x, y) in the figure represents a combination of amounts of money for Anil (x) and Bala (y), in thousands of rupees. The shaded triangle depicts the feasible choices for Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-b.svg</image:loc>
        <image:title>Indifference curves when Anil is self-interested
: If Anil does not care at all about what Bala gets, his indifference curves are straight vertical lines. He is indifferent to whether Bala gets a lot or nothing. He prefers curves further to the right, since he gets more money.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-c.svg</image:loc>
        <image:title>Anil’s best option
: Given his feasible set, Anil’s best option is A, where he keeps all the money.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-05-d.svg</image:loc>
        <image:title>What if Anil cares about Bala?
: But Anil may care about his neighbour Bala, in which case he is happier if Bala is richer: that is, he derives utility from Bala’s consumption. In this case he has downward-sloping indifference curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-06-c.svg</image:loc>
        <image:title>Anil’s decision to use IPC (I) or Terminator (T) as his crop management strategy depends on whether he is completely selfish or somewhat altruistic.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-06-a.svg</image:loc>
        <image:title>Anil and Bala’s payoffs
: The two axes in the figure represent Anil and Bala’s payoffs. The four points are the feasible outcomes associated to the strategies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-06-b.svg</image:loc>
        <image:title>Anil’s indifference curves if he doesn’t care about Bala
: If Anil does not care about Bala’s wellbeing, his indifference curves are vertical, so (T, I) is his most preferred outcome. He prefers (T, I) to (I, I), so should choose T if Bala chooses I. If Anil is completely selfish, T is unambiguously his best choice.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-07.svg</image:loc>
        <image:title>Kim’s payoffs in the public goods game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/04-elinor-ostrom.jpg</image:loc>
        <image:title>Elinor Ostrom</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-09-a.svg</image:loc>
        <image:title>Worldwide public goods experiments: Contributions over 10 periods.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-09-b.svg</image:loc>
        <image:title>Worldwide public goods experiments with opportunities for peer punishment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-BqEOGDX766Q.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-10.svg</image:loc>
        <image:title>Average number of late-coming parents, per week.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-11.svg</image:loc>
        <image:title>Game tree for the ultimatum game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-12.svg</image:loc>
        <image:title>Acceptable offers in the ultimatum game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-13-d.svg</image:loc>
        <image:title>Actual offers and expected rejections in the ultimatum game.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-13-a.svg</image:loc>
        <image:title>What do the bars show?
: The full height of each bar in the figure indicates the percentage of the Kenyan and American Proposers who made the offer shown on the horizontal axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-13-b.svg</image:loc>
        <image:title>Reading the figure
: For example: for Kenyan farmers, 50% on the vertical axis and 40% on the horizontal axis means half of the Kenyan Proposers made an offer of 40%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-13-c.svg</image:loc>
        <image:title>The dark-shaded area shows rejections
: If Kenyan farmers made an offer of 30%, almost half of Responders would reject it. (The dark part of the bar is almost as big as the light part.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-14.svg</image:loc>
        <image:title>Fraction of offers rejected in the ultimatum game, according to offer size and the number of Responders.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-15-e.svg</image:loc>
        <image:title>A division of labour problem with more than one Nash equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-15-a.svg</image:loc>
        <image:title>Anil’s best response to Rice
: If Bala is going to choose Rice, Anil’s best response is to choose Cassava. We place a dot in the bottom left-hand cell.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-15-b.svg</image:loc>
        <image:title>Anil’s best response to Cassava
: If Bala is going to choose Cassava, Anil’s best response is to choose Rice. Place a dot in the top right-hand cell. Notice that Anil does not have a dominant strategy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-15-c.svg</image:loc>
        <image:title>Bala’s best responses
: If Anil chooses Rice, Bala’s best response is to choose Cassava, and if Anil chooses Cassava he should choose Rice. The circles show Bala’s best responses. He doesn’t have a dominant strategy either.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-15-d.svg</image:loc>
        <image:title>(Cassava, Rice) is a Nash equilibrium
: If Anil chooses Cassava and Bala chooses Rice, both of them are playing best responses (a dot and a circle coincide). So this is a Nash equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/04-john-nash.jpg</image:loc>
        <image:title>John Nash</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-16-a.svg</image:loc>
        <image:title>Interactions in the choice of programming language.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-16-b.svg</image:loc>
        <image:title>Payoffs (thousands of dollars to complete the project) according to the choice of programming language.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-mcq-12.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-17-a.svg</image:loc>
        <image:title>Climate change policy as a prisoners’ dilemma (top). Payoffs for a climate change policy as a prisoners’ dilemma (bottom left), and payoffs with inequality aversion and reciprocity (bottom right).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-17-b.svg</image:loc>
        <image:title>Climate change policy as a prisoners’ dilemma (top). Payoffs for a climate change policy as a prisoners’ dilemma (bottom left), and payoffs with inequality aversion and reciprocity (bottom right).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-04-17-c.svg</image:loc>
        <image:title>Climate change policy as a prisoners’ dilemma (top). Payoffs for a climate change policy as a prisoners’ dilemma (bottom left), and payoffs with inequality aversion and reciprocity (bottom right).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-11-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-15-d.svg</image:loc>
        <image:title>The beginning of a bubble in FCC shares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-18.svg</image:loc>
        <image:title>An unstable equilibrium.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/04.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-04-header.jpg</image:loc>
        <image:title>*Les Joueurs de cartes* : Paul Cézanne, Courtauld Institute of Art</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-01.jpg</image:loc>
        <image:title>Interactions sociales dans le jeu de la main invisible
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-a.jpg</image:loc>
        <image:title>Les gains dans le jeu de la main invisible
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-g.jpg</image:loc>
        <image:title>La matrice des gains dans le jeu de la main invisible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-a.jpg</image:loc>
        <image:title>Trouver les meilleures réponses
: Débutez avec le joueur en ligne (Anil) et demandez-vous : « Quelle serait sa meilleure réponse à la décision du joueur en colonne (Bala) de jouer Riz ? »
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-b.jpg</image:loc>
        <image:title>La meilleure réponse d’Anil si Bala cultive du riz
: Si Bala choisit Riz, la meilleure réponse d’Anil est de choisir Manioc – cela lui donne 4 au lieu de 1. Mettez un point dans la case en bas à gauche. Un point dans une case signifie que c’est la meilleure réponse du joueur en ligne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-c.jpg</image:loc>
        <image:title>La meilleure réponse d’Anil si Bala cultive du manioc
: Si Bala choisit Manioc, la meilleure réponse d’Anil est de choisir également Manioc – cela lui donne 3 au lieu de 2. Placez un point dans la case en bas à droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-d.jpg</image:loc>
        <image:title>Anil a une stratégie dominante
: Les deux points sont dans la ligne inférieure. Quel que soit le choix de Bala, la meilleure réponse d’Anil est Manioc : Manioc est une stratégie dominante pour Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-e.jpg</image:loc>
        <image:title>Trouvez maintenant les meilleures réponses du joueur en colonne
: Si Anil choisit Riz, la meilleure réponse de Bala est Riz (3 au lieu de 2). Les cercles représentent les meilleures réponses du joueur en colonne. Placez un cercle dans la case en haut à gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-02-b-f.jpg</image:loc>
        <image:title>Bala a également une stratégie dominante
: Si Anil choisit Manioc, la meilleure réponse de Bala est à nouveau Riz (il reçoit 4 au lieu de 3). Mettez un cercle dans la case en bas à gauche. Riz est donc la stratégie dominante de Bala (les deux cercles se trouvent dans la même colonne).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-03-a.jpg</image:loc>
        <image:title>Interactions sociales dans le jeu du contrôle des parasites
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-03-b.jpg</image:loc>
        <image:title>Matrice des gains pour le jeu du contrôle des parasites
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-04.jpg</image:loc>
        <image:title>Dilemme du prisonnier (gains exprimés en années de prison)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-S0qjK3TWZE8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>La façon dont Anil choisit de distribuer ses gains à la loterie dépend de sa nature égoïste ou altruiste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-a.jpg</image:loc>
        <image:title>Gains possibles
: Chaque point (x, y) sur la figure représente une combination des montants d’argent pour Anil (x) et Bala (y), en milliers de roupies. Le triangle coloré représente les choix possibles d’Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-b.jpg</image:loc>
        <image:title>Courbes d’indifférence quand Anil est égoïste
: Si Anil ne se préoccupe absolument pas de ce que Bala reçoit, ses courbes d’indifférence sont des droites verticales. Il est indifférent entre la situation où Bala reçoit beaucoup et celle où il ne recevrait rien. Il préfère les courbes les plus à droite, car il obtient alors plus d’argent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-c.jpg</image:loc>
        <image:title>Meilleure option d’Anil
: Étant donné son ensemble des possibles, la meilleure option d’Anil est A, où il garde tout l’argent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-05-d.jpg</image:loc>
        <image:title>Que se passe-t-il si Anil se préoccupe de Bala ?
: Néanmoins, Anil pourrait se soucier de son voisin Bala. Le cas échéant, il sera plus heureux si Bala est plus riche : autrement-dit, il tire de l’utilité de la consommation de Bala. Aussi, ses courbes d’indifférence sont décroissantes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-06-a.jpg</image:loc>
        <image:title>Les gains d’Anil et Bala
: La décision d’Anil d’utiliser CIP (I) ou Terminator (T) comme stratégie de gestion de sa culture dépend de sa nature complètement égoïste ou quelque peu altruiste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-06-b.jpg</image:loc>
        <image:title>Courbes d’indifférence d’Anil quand il ne se soucie pas de Bala
: Si Anil ne se soucie pas du bien-être de Bala, ses courbes d’indifférence seront verticales, de sorte que (T, I) sera le résultat préféré. Il préfère (T, I) à (I, I), aussi il devrait choisir T si Bala choisissait T. Si Anil est complètement égoïste, T est sans ambiguïté son meilleur choix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-06-c.jpg</image:loc>
        <image:title>Courbes d’indifférence d’Anil quand il se soucie de Bala
: Quand Anil se soucie du bien-être de Bala, les courbes d’indifférence sont décroissantes et (I, I) est son résultat préféré. Si Bala choisit I, Anil devrait choisir I. Anil devrait aussi choisir I si Bala choisit T, car il préfère (I, T) à (T, T).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-07.jpg</image:loc>
        <image:title>Gains de Kim dans le jeu du bien public
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/04-elinor-ostrom.jpg</image:loc>
        <image:title>Elinor Ostrom</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-09-a.jpg</image:loc>
        <image:title>Expériences du bien public dans le monde : contributions sur 10 périodes
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-09-b.jpg</image:loc>
        <image:title>Expériences du jeu du bien public dans le monde, avec possibilité de punition par les pairs
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-BqEOGDX766Q.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-10.jpg</image:loc>
        <image:title>Nombre moyen de parents en retard, par semaine
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-11.jpg</image:loc>
        <image:title>Arbre du jeu pour le jeu de l’ultimatum
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-12.jpg</image:loc>
        <image:title>Offres acceptables dans le jeu de l’ultimatum
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-13-d.jpg</image:loc>
        <image:title>Offres effectives et refus attendus dans le jeu de l’ultimatum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-13-a.jpg</image:loc>
        <image:title>Que montrent les barres ?
: La hauteur totale de chaque barre sur le graphique indique le pourcentage d’Offreurs kenyans et américains qui ont fait l’offre indiquée sur l’axe des abscisses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-13-b.jpg</image:loc>
        <image:title>Lire le graphique
: Par exemple  dans le cas des fermiers kenyans, 50 % sur l’axe des ordonnées et 40 % sur l’axe des abscisses signifie que la moitié des Offreurs kenyans ont fait une offre de 40 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-13-c.jpg</image:loc>
        <image:title>La zone foncée indique les rejets
: Si les fermiers kenyans avaient fait une offre de 30 %, presque la moitié des Répondants l’auraient rejetée. (La partie sombre de la barre est presque aussi grande que la partie claire).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-14.jpg</image:loc>
        <image:title>Part d’offres rejetées dans le jeu de l’ultimatum, selon la valeur de l’offre et le nombre de Répondants
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-15-e.jpg</image:loc>
        <image:title>Un problème de division du travail avec plus d’un équilibre de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-15-a.jpg</image:loc>
        <image:title>La meilleure réponse d’Anil au Riz
: Si Bala doit cultiver du Riz, la meilleure réponse d’Anil est le Manioc. Nous plaçons un point dans la case en bas à gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-15-b.jpg</image:loc>
        <image:title>La meilleure réponse d’Anil au Manioc
: Si Bala choisit de cultiver du Manioc, la meilleure réponse d’Anil est de cultiver du Riz. Mettez un point dans la case en haut à droite. Notez qu’Anil n’a pas de stratégie dominante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-15-c.jpg</image:loc>
        <image:title>Les meilleures réponses de Bala
: Si Anil choisit le Riz, la meilleure option pour Bala est de choisir le Manioc, et si Anil choisit le Manioc, alors il doit opter pour le Riz. Les cercles montrent les meilleures réponses de Bala. Il n’a pas non plus de stratégie dominante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-15-d.jpg</image:loc>
        <image:title>(Manioc, Riz) est un équilibre de Nash
: Si Anil cultive du Manioc et Bala du Riz, les deux jouent leurs meilleures réponses (un point et un cercle coïncident). C’est donc un équilibre de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/04-john-nash.jpg</image:loc>
        <image:title>John Nash</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-16-a.jpg</image:loc>
        <image:title>Interactions pour le choix du langage de programmation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-16-b.jpg</image:loc>
        <image:title>Gains (milliers de dollars pour finir le projet) selon le choix du langage de programmation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-17-a.jpg</image:loc>
        <image:title>La politique en matière de changement climatique vue comme un dilemme du prisonnier (en haut). Gains d’une politique climatique vus comme un dilemme du prisonnier (en bas, à gauche). Gains liés à l’aversion aux inégalités et à la réciprocité (en bas, à droite).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-17-b.jpg</image:loc>
        <image:title>La politique en matière de changement climatique vue comme un dilemme du prisonnier (en haut). Gains d’une politique climatique vus comme un dilemme du prisonnier (en bas, à gauche). Gains liés à l’aversion aux inégalités et à la réciprocité (en bas, à droite).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-04-17-c.jpg</image:loc>
        <image:title>La politique en matière de changement climatique vue comme un dilemme du prisonnier (en haut). Gains d’une politique climatique vus comme un dilemme du prisonnier (en bas, à gauche). Gains liés à l’aversion aux inégalités et à la réciprocité (en bas, à droite).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-08-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-08.jpg</image:loc>
        <image:title>El equilibrio en el mercado del pan.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-01-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-01-02-02.jpg</image:loc>
        <image:title>La fonction de production y = 30h0.4 et la productivité marginale correspondante.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-07-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-11.jpg</image:loc>
        <image:title>Ajattomien Autojen voiton maksimoiva hinta ja määrä.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/11.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-11-header.jpg</image:loc>
        <image:title>Bourse de Santiago, Chili : CORE</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-01.jpg</image:loc>
        <image:title>Pouvoir de négociation et prix sur le marché aux poissons de gros du Kerala (14 janvier 1997). (Note : deux marchés ont abouti au même état final, avec un prix de 6,2 roupies (Rs) par kilogramme.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/11-friedrich-hayek.jpg</image:loc>
        <image:title>Friedrich Hayek</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-02-e.jpg</image:loc>
        <image:title>Une hausse de la demande dans un marché concurrentiel : des opportunités de rente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-02-a.jpg</image:loc>
        <image:title>Équilibre
: Au point A, le marché est à l’équilibre à un prix de 8 $. La courbe d’offre correspond à la courbe du coût marginal, donc le coût marginal de produire un chapeau est de 8 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-02-b.jpg</image:loc>
        <image:title>Un choc de demande exogène
: Le choc déplace la courbe de demande vers la droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-02-c.jpg</image:loc>
        <image:title>Excès de demande
: Au prix en vigueur, le nombre de chapeaux demandés excède le nombre de chapeaux produits (point D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-02-d.jpg</image:loc>
        <image:title>Augmentation du prix
: Quand la demande augmente, un vendeur de chapeaux qui observe un plus grand nombre de clients réalisera qu’il peut engranger des profits plus élevés en augmentant le prix. Il peut vendre la même quantité de chapeaux à n’importe quel prix entre A et B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-03.jpg</image:loc>
        <image:title>Les résultats expérimentaux de Vernon Smith
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-exercise-01.jpg</image:loc>
        <image:title>Le marché du pain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-04.jpg</image:loc>
        <image:title>La relation prix-quantité pour un acheteur unique sur le marché aux poissons d’Ancona
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-05.jpg</image:loc>
        <image:title>La relation prix-quantité agrégée sur le marché d’Ancona
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-06-d.jpg</image:loc>
        <image:title>Le marché du pain à court terme et long terme.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-06-a.jpg</image:loc>
        <image:title>L’équilibre de court terme
: Au départ, il y a 50 boulangeries. Le marché est au point d’équilibre de court terme en A. Le prix d’une miche de pain est de 2 € et les profits réalisés par les boulangeries sont au-dessus du niveau normal. Elles gagnent des rentes, donc de nouvelles boulangeries aspireront à entrer sur le marché.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-06-b.jpg</image:loc>
        <image:title>Plus d’entreprises entrent sur le marché
: Quand de nouvelles entreprises arrivent sur le marché, la courbe d’offre se déplace vers la droite. Le nouvel équilibre est au point B. Le prix a baissé à 1,75 €. Il y a davantage de boulangeries et davantage de pain est vendu au total, mais chacune des boulangeries produit moins qu’auparavant et réalise des profits plus faibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-06-c.jpg</image:loc>
        <image:title>Le prix est toujours supérieur au coût moyen
: En B, le prix est toujours au-dessus du coût moyen – les boulangeries réalisent des profits supérieurs aux profits normaux. Il s’agit toujours d’un équilibre de court terme, car d’autres entreprises voudront entrer sur le marché.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-07.jpg</image:loc>
        <image:title>Prix mondiaux du pétrole en prix constants (1865–2014) et consommation mondiale de pétrole (1965–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-08-e.jpg</image:loc>
        <image:title>Le marché mondial du pétrole.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-08-a.jpg</image:loc>
        <image:title>Offre de l’OPEP
: Les membres de l’OPEP peuvent facilement augmenter leur production avec leur capacité actuelle, sans augmenter leur coût marginal c. Les quotas de l’OPEP limitent leur production totale à QOPEP.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-08-b.jpg</image:loc>
        <image:title>Offre hors OPEP
: Les pays producteurs non-membres de l’OPEP peuvent produire du pétrole au même coût marginal c jusqu’à ce qu’ils approchent de leur capacité de production, au voisinage de laquelle que leurs coûts marginaux augmentent brusquement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-08-c.jpg</image:loc>
        <image:title>Courbe d’offre mondiale
: L’offre mondiale totale correspond à la somme de la production de l’OPEP et des autres pays producteurs pour tout prix donné.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-08-d.jpg</image:loc>
        <image:title>Le prix du pétrole à l’équilibre
: La courbe de demande est pentue : la demande mondiale est inélastique à court terme. À l’équilibre, le prix est P0 et la consommation totale de pétrole Q0 est égale à QOPEP + Qnon-OPEP.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-09.jpg</image:loc>
        <image:title>Les chocs du prix du pétrole de l’OPEP des années 1970 : l’OPEP diminue la production
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-10.jpg</image:loc>
        <image:title>Chocs sur le prix du pétrole dans les années 2000–2008 : la croissance économique fait augmenter la demande mondiale
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-11.jpg</image:loc>
        <image:title>Prix et volume échangé de l’action News Corp (7 mai 2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-12-d.jpg</image:loc>
        <image:title>De bonnes nouvelles sur la rentabilité.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-12-a.jpg</image:loc>
        <image:title>L’équilibre initial
: Au départ, le marché est à l’équilibre en A : 6 000 actions sont vendues par heure au prix de 16,50 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-12-b.jpg</image:loc>
        <image:title>De bonnes nouvelles sur la rentabilité
: De bonnes nouvelles sur la rentabilité future de News Corp déplacent simultanément la courbe de demande…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-12-c.jpg</image:loc>
        <image:title>De bonnes nouvelles sur la rentabilité
: … et la courbe d’offre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-do0yzpMrOn4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-14.jpg</image:loc>
        <image:title>La bulle Internet : Indice Nasdaq Composite (1995–2004).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>L’apparition d’une bulle sur les actions FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-15-a.jpg</image:loc>
        <image:title>Le prix initial
: Au départ, le prix d’une action de l’entreprise appelée la Flying Car Corportation (FCC) est de 50 $ sur la courbe de demande la plus basse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-15-b.jpg</image:loc>
        <image:title>La réponse à de bonnes nouvelles
: Quand les traders et les investisseurs potentiels apprennent de bonnes nouvelles concernant la rentabilité future attendue, la courbe de demande se déplace vers la droite, et le prix augmente à 60 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-15-c.jpg</image:loc>
        <image:title>L’effet d’une hausse du prix
: Les acheteurs potentiels traitent l’augmentation du prix observée comme une bonne nouvelle supplémentaire. La courbe de demande s’est déplacée vers le haut simplement parce que le prix a monté, et le prix croît de nouveau, pour atteindre 70 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-16.jpg</image:loc>
        <image:title>Rétroactions positives vs. rétroactions négatives
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-17-e.jpg</image:loc>
        <image:title>Un équilibre stable sur le marché des actions FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-17-a.jpg</image:loc>
        <image:title>Le prix d’équilibre
: Le graphique de gauche montre les courbes d’offre et de demande sur un marché où le prix d’équilibre est P0. À droite, la droite à 45 degrés illustre le fait que si le prix à la période t est P0, le prix à la période t + 1 reste le même. Il n’y a pas de tendance au changement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-17-b.jpg</image:loc>
        <image:title>Un choc de prix
: Supposez que suite à une petite déviation temporaire de la demande d’actions, le prix sur le marché soit P1. Il y a un excès d’offre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-17-c.jpg</image:loc>
        <image:title>Le prix s’ajuste
: L’EDP montre que si le prix sur cette période est P1, alors il vaudra P2 à la suivante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-17-d.jpg</image:loc>
        <image:title>Les croyances atténuent les variations de prix
: Puisque l’EDP est plus plate que la droite à 45 degrés, P2 est plus proche de l’équilibre que P1. Les investisseurs sont influencés par leurs croyances sur la valeur fondamentale de la FCC, qui vaut P0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-18.jpg</image:loc>
        <image:title>Un équilibre instable
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-19.jpg</image:loc>
        <image:title>L’effondrement du prix de l’action FCC
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-20.jpg</image:loc>
        <image:title>La valeur du Bitcoin (2013–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-21.jpg</image:loc>
        <image:title>Excès de demande pour les billets
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-h.jpg</image:loc>
        <image:title>Loyers et rentes économiques.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-a.jpg</image:loc>
        <image:title>Le marché s’équilibre
: Initialement, le marché s’équilibre avec 8 000 locations pour un loyer de 500 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-b.jpg</image:loc>
        <image:title>Une hausse de la demande
: Imaginez à présent qu’il y a une hausse de la demande pour des locations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-c.jpg</image:loc>
        <image:title>Le loyer augmente
: L’offre de logements en location est inélastique, du moins à court terme. Le nouveau loyer d’équilibre est bien plus élevé, il s’établit à 830 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-d.jpg</image:loc>
        <image:title>Un plafonnement des loyers ?
: Imaginez que les autorités municipales plafonnent les loyers à 500 €. Les propriétaires continueront à offrir 8 000 logements en location, il y aura donc une demande excédentaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-e.jpg</image:loc>
        <image:title>Le côté court du marché
: Quand le prix est en-deçà du niveau d’équilibre, ceux qui offrent sont sur le côté court du marché. Ce sont eux désormais, et non pas ceux qui demandent, qui déterminent le nombre de locations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-f.jpg</image:loc>
        <image:title>Certaines personnes pourraient payer bien plus
: Il y a 12 000 personnes sur le côté long du marché. Seuls 8 000 obtiennent une location. Il y a 8 000 personnes disposées à payer 1 100 € ou davantage, mais les biens en location ne sont pas forcément alloués à ceux qui ont la disposition à payer la plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-22-g.jpg</image:loc>
        <image:title>Un marché secondaire
: Si c’était légal, certains locataires pourraient sous-louer leur logement à 1 100 € et obtenir ainsi une rente économique de 600 € (la différence entre 1 100 € et le loyer contrôlé de 500 €).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-03-header.jpg</image:loc>
        <image:title>Old clock mechanisms: Jose Ignacio Soto/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-01.jpg</image:loc>
        <image:title>Horas anuales de trabajo e ingresos (1870–2000)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-02.jpg</image:loc>
        <image:title>Horas anuales de tiempo libre por trabajador e ingresos (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>¿Cómo incide en sus calificaciones la cantidad de tiempo que Alexei estudia?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-a.jpg</image:loc>
        <image:title>La función de producción de Alexei
: La curva es la función de producción de Alexei. Muestra cómo un insumo de horas de estudio genera una producción, la calificación final.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-b.jpg</image:loc>
        <image:title>Cuatro horas de estudio al día
: Si Alexei estudia cuatro horas, su calificación será de 50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-c.jpg</image:loc>
        <image:title>Diez horas de estudio al día
: … y si estudia 10 horas, alcanzará una calificación de 81.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-d.jpg</image:loc>
        <image:title>La calificación máxima de Alexei
: En 15 horas de estudio al día, Alexei logra su máxima calificación posible, 90. Después de esto, horas adicionales no harán diferencia en el resultado: la curva es plana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-e.jpg</image:loc>
        <image:title>Incrementar el tiempo de estudio de 4 a 5 horas
: Incrementar el tiempo de estudio de 4 a 5 horas incrementa la calificación de Alexei de 50 a 57. Por lo tanto, en cuatro horas de estudio, el producto marginal de una hora adicional es 7.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-f.jpg</image:loc>
        <image:title>Incrementar el tiempo de estudio de 10 a 11 horas
: Incrementar el tiempo de estudio de 10 a 11 horas incrementa la calificación final de Alexei de 81 a 84. En 10 horas de estudio, el producto marginal de una hora adicional es 3. A medida que nos movemos a lo largo de la curva, la pendiente de la curva cae, así que el producto marginal de una hora extra cae. El producto marginal es decreciente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-g.jpg</image:loc>
        <image:title>El producto promedio de una hora dedicada a estudiar
: Cuando Alexei estudia por cuatro horas al día, su producto promedio es 50/4 = 12,5 puntos porcentuales, el cual es la pendiente del rayo desde ese punto al origen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-h.jpg</image:loc>
        <image:title>El producto marginal es menor que el producto promedio
: En 4 horas al día, el producto promedio es 12,5. En 10 horas al día, este es menor (81/10=8,1). El producto promedio cae a medida que nos movemos a lo largo de la curva. En cada punto el producto marginal (la pendiente de la curva) es menor que el producto promedio (la pendiente del rayo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Mapa de las preferencias de Alexei
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-a.jpg</image:loc>
        <image:title>Alexei prefiere tener más tiempo libre que menos tiempo libre
: Ambas combinaciones, A y B, arrojan una calificación de 84, pero Alexei preferirá A porque tiene más tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-b.jpg</image:loc>
        <image:title>Alexei prefiere una calificación alta en lugar de una baja
: En las combinaciones C y D Alexei tiene 20 horas de tiempo libre al día, pero prefiere D porque le da una calificación más alta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-c.jpg</image:loc>
        <image:title>Indiferencia
: … pero no sabemos si Alexei prefiere A o E, así que le preguntamos: dice que le resulta indiferente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-d.jpg</image:loc>
        <image:title>Más combinaciones que dan la misma utilidad
: Alexei dice que F es otra combinación que le daría la misma utilidad que A y E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-e.jpg</image:loc>
        <image:title>Construir la curva de indiferencia
: Haciendo más preguntas, descubrimos que a Alexei le resultan indiferentes todas las combinaciones entre A y D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-f.jpg</image:loc>
        <image:title>Construir la curva de indiferencia
: Uniendo todos estos puntos, se forma una curva de indiferencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-f.jpg</image:loc>
        <image:title>Tasa marginal de sustitución
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-a.jpg</image:loc>
        <image:title>Curvas de indiferencia de Alexei
: El diagrama muestra tres curvas de indiferencia para Alexei. La curva situada más a la izquierda muestra la satisfacción más baja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-b.jpg</image:loc>
        <image:title>Punto A
: En A, tiene 15 horas de tiempo libre y su calificación es de 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-c.jpg</image:loc>
        <image:title>Alexei se muestra indiferente entre A y E
: Alexei estaría dispuesto a moverse de A a E, renunciando a 9 puntos porcentuales a cambio de una hora extra de su tiempo libre. Su tasa marginal de sustitución es 9. La curva de indiferencia tiene mucha pendiente en A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-d.jpg</image:loc>
        <image:title>Alexei se muestra indiferente entre H y D
: En H, solo está dispuesto a renunciar a 4 puntos a cambio de una hora extra de su tiempo. Su TMS es 4. A medida que nos deslizamos por la curva de indiferencia, la TMS se reduce porque los puntos se hacen más escasos en relación con el tiempo libre. La curva de indiferencia se hace más plana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-07-e.jpg</image:loc>
        <image:title>Todas las combinaciones con 15 horas de tiempo libre
: Considere las combinaciones posibles con 15 horas de tiempo libre. En la curva inferior la calificación es baja, y la TMS es pequeña. Alexei estaría dispuesto a renunciar a tan solo unos pocos puntos a cambio de una hora de tiempo libre. A medida que subimos por la línea vertical, las curvas de indiferencia tienen más pendiente: la TMS aumenta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>¿Cómo afecta la elección de Alexei en cuanto a su tiempo libre su calificación final?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-a.jpg</image:loc>
        <image:title>La frontera factible
: Esta curva se llama la frontera factible y muestra la calificación final más alta que Alexei puede alcanzar, dada la cantidad de tiempo libre que se toma. Con 24 horas de tiempo libre, su calificación sería cero. Reduciendo su tiempo libre, Alexei puede alcanzar una calificación más alta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-b.jpg</image:loc>
        <image:title>Una combinación factible
: Si Alexei escoge 13 horas de tiempo libre al día, puede alcanzar una calificación de 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-c.jpg</image:loc>
        <image:title>Combinaciones no factibles
: Dadas las habilidades de Alexei y las condiciones de estudio, en condiciones normales, no puede tomarse 20 horas de tiempo libre y esperar una calificación de 70 (recuerde, estamos asumiendo que la suerte no participa en este supuesto caso). Por lo tanto, B es una combinación no factible de horas de tiempo libre y calificación final.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-d.jpg</image:loc>
        <image:title>Una combinación factible
: La calificación máxima que Alexei puede alcanzar con 19 horas de tiempo libre al día es 57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-e.jpg</image:loc>
        <image:title>Dentro de la frontera
: La combinación D es factible, pero Alexei está desperdiciando tiempo o puntos en el examen, pues podría conseguir una calificación más alta con las mismas horas de estudio al día o tener más tiempo libre y aun así lograr una calificación de 70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-f.jpg</image:loc>
        <image:title>El conjunto factible
: El área dentro de la frontera, junto con la frontera misma, se llama conjunto factible. (Un conjunto es una colección de cosas; en ese caso, todas las posibles combinaciones de tiempo libre y calificación).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-g.jpg</image:loc>
        <image:title>El costo de oportunidad del tiempo libre
: En la combinación A, Alexei podría obtener una hora extra de tiempo libre renunciando a 3 puntos en el examen. El costo de oportunidad de una hora de tiempo libre en el punto A es de 3 puntos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-09-h.jpg</image:loc>
        <image:title>El costo de oportunidad varía
: Cuanto más tiempo libre se tome, mayor será el producto marginal de estudiar y, por lo tanto, el costo de oportunidad del tiempo libre se incrementa. En C, el costo de oportunidad de una hora de tiempo libre es mayor que en A: Alexei tendría que renunciar a 7 puntos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>¿Cuántas horas decide estudiar Alexei?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-a.jpg</image:loc>
        <image:title>¿Qué punto escogerá Alexei?
: El diagrama reúne las curvas de indiferencia de Alexei y su frontera factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-b.jpg</image:loc>
        <image:title>Combinaciones factibles
: En la curva de indiferencia CI1, todas las combinaciones entre A y B son factibles porque se encuentran dentro del conjunto factible. Suponga que Alexei escoge uno de estos puntos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-c.jpg</image:loc>
        <image:title>Podría mejorar
: Todas las combinaciones en el área con forma de lente situada entre CI1 y la frontera factible son factibles y ofrecen una utilidad mayor que las combinaciones a lo largo de CI1. Por ejemplo, un desplazamiento hasta C incrementaría la utilidad de Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-d.jpg</image:loc>
        <image:title>Podría mejorar
: Al moverse de CI1 al punto C de CI2, se incrementa la utilidad de Alexei. Cambiar de B a D elevaría su utilidad en una cantidad equivalente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-e.jpg</image:loc>
        <image:title>La mejor relación costo-beneficio factible
: Pero, de nuevo, Alexei puede incrementar su utilidad al moverse al área con forma de lente por sobre IC2. Él puede continuar para encontrar combinaciones factibles en las curvas de indiferencia superiores hasta que alcance E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-f.jpg</image:loc>
        <image:title>La mejor solución mediada de costo-beneficio factible
: En E, Alexei tiene 19 horas de tiempo libre al día y una calificación de 57; es decir, que maximiza su utilidad: está en la curva de indiferencia más alta que puede obtenerse, dada la frontera factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>Cómo afecta el cambio tecnológico la función de producción
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-12-a.jpg</image:loc>
        <image:title>La tecnología inicial
: La tabla muestra cómo la cantidad de grano producida depende del número de horas trabajadas al día. Por ejemplo: si Ángela trabaja 12 horas al día, producirá 64 unidades de grano. Este es el punto B en el gráfico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-12-b.jpg</image:loc>
        <image:title>Una mejora tecnológica
: Una mejora en la tecnología significa que se produce más grano en un número dado de horas de trabajo. La función de producción se desplaza hacia arriba, de FP a FPnueva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-12-c.jpg</image:loc>
        <image:title>Más grano para la misma cantidad de trabajo
: Ahora, si Ángela trabaja 12 horas al día, puede producir 74 unidades de grano (punto C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-13.jpg</image:loc>
        <image:title>Una mejora en tecnología expande el conjunto factible de Ángela.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-14-d.jpg</image:loc>
        <image:title>La elección de Ángela entre tiempo libre y grano
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-14-a.jpg</image:loc>
        <image:title>Maximizar la utilidad con la tecnología original
: El diagrama muestra el conjunto factible con la función de producción original y las curvas de indiferencia de Ángela para combinaciones de grano y tiempo libre. La curva de indiferencia más alta que puede alcanzar es CI3, en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-14-b.jpg</image:loc>
        <image:title>TMS = TMT para la máxima utilidad
: Su elección óptima es el punto A situado en la frontera factible, en el que disfruta de 16 horas de tiempo libre al día y consume 55 unidades de grano. En A, su TMS es igual a la TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-14-c.jpg</image:loc>
        <image:title>Progreso tecnológico
: Una mejora en la tecnología expande el conjunto factible. Ahora tiene a su alcance una situación mejor que A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-mcq-09-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-mcq-09-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-15-d.jpg</image:loc>
        <image:title>Su elección preferida de tiempo libre y consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-15-a.jpg</image:loc>
        <image:title>La restricción presupuestal
: La línea recta es su restricción presupuestal: muestra la máxima cantidad de consumo que puede usted tener para cada nivel de tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-15-b.jpg</image:loc>
        <image:title>La pendiente de la restricción presupuestal
: La pendiente de la restricción presupuestal es igual al salario, 15 dólares (en valor absoluto). Esta es su TMT (la tasa a la cual puede transformar el tiempo en consumo), y también es el costo de oportunidad del tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-15-c.jpg</image:loc>
        <image:title>El conjunto factible
: La restricción presupuestal es su frontera factible y el área que queda bajo esta es el conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-17.jpg</image:loc>
        <image:title>El efecto de ingresos adicionales sobre su elección de tiempo libre y consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-18.jpg</image:loc>
        <image:title>El efecto de ingresos adicionales para alguien cuya TMS no cambia cuando el consumo se incrementa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-a.jpg</image:loc>
        <image:title>El efecto de un incremento en el salario sobre su elección de tiempo libre y consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-f.jpg</image:loc>
        <image:title>El efecto de un incremento en el salario sobre su elección de tiempo libre y consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-a.jpg</image:loc>
        <image:title>Un incremento en salarios
: Cuando el salario es de 15 dólares, su mejor combinación de horas y consumo es el punto A. La línea más inclinada muestra su nueva restricción presupuestal cuando el salario incrementa a 25 dólares. Su conjunto factible se ha expandido.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-b.jpg</image:loc>
        <image:title>Ahora puede alcanzar una curva de indiferencia superior
: El punto D en IC4 le proporciona la máxima utilidad. En el punto D, su TMS es igual al nuevo salario de 25 dólares. Solo tiene 17 horas de tiempo libre pero su consumo se ha elevado a 175 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-c.jpg</image:loc>
        <image:title>Si no hubiera cambios en el costo de oportunidad del tiempo libre
: La línea punteada muestra qué pasaría si tuviera suficientes ingresos como para alcanzar IC4 sin un cambio en el costo de oportunidad del tiempo libre. En ese caso, escogería C, con más tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-d.jpg</image:loc>
        <image:title>El efecto ingreso
: El cambio de A a C se conoce como efecto ingreso del incremento salarial. Por sí solo, este efecto haría que usted escogiera tener más tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-19-b-e.jpg</image:loc>
        <image:title>El efecto sustitución
: El incremento en el costo de oportunidad del tiempo libre hace que aumente la pendiente de la restricción presupuestal. Esto hace que escoja usted D en lugar de C: es decir, un punto con menos tiempo libre. A esto se le llama el efecto sustitución del incremento salarial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-20-e.jpg</image:loc>
        <image:title>Aplicación histórica del modelo: aumento de bienes y tiempo libre en EE.UU. (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-20-a.jpg</image:loc>
        <image:title>Usar el modelo para explicar un cambio histórico
: Podemos usar nuestro modelo para interpretar el cambio que se ha producido entre 1900 y 2013 en términos de tiempo libre diario y bienes por día de que disponen los empleados de EE.UU. Las líneas continuas del gráfico muestran los conjuntos factibles para las variables tiempo libre y bienes, tanto en 1900 como en 2013, coincidiendo la pendiente de cada restricción presupuestal con el salario real.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-20-b.jpg</image:loc>
        <image:title>Curvas de indiferencia
: Asumiendo que los trabajadores escogieron las horas que trabajaron, podemos inferir la forma aproximada de sus curvas de indiferencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-20-c.jpg</image:loc>
        <image:title>El efecto ingreso
: El desplazamiento de A hasta C es el efecto ingreso del salario real que, por sí solo, provocaría que los trabajadores en EE.UU. se tomaran más tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-20-d.jpg</image:loc>
        <image:title>El efecto sustitución
: El incremento en el costo de oportunidad del tiempo libre hizo que los trabajadores de EE.UU. escogieran D –con menos tiempo libre– en lugar de C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-FrIhloNEwT8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-21.jpg</image:loc>
        <image:title>Tiempo de vida estimado en horas de trabajo y ocio (1880, 1995, 2040)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-23-c.jpg</image:loc>
        <image:title>Uso del modelo para explicar el tiempo libre y el consumo diario en distintos países (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-23-a.jpg</image:loc>
        <image:title>Diferencias entre países
: Podemos usar nuestro modelo y los datos de la figura 3.22 para entender las diferencias entre países. Las líneas muestran los conjuntos factibles de tiempo libre y bienes para los cinco países de la figura 3.22.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-23-b.jpg</image:loc>
        <image:title>Curvas de indiferencia de los trabajadores
: Usamos el modelo para explicar el tiempo libre y consumo diario en distintos países (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-exercise-11.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-07-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Cálculo del ingreso marginal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-06-01-02.jpg</image:loc>
        <image:title>Ingreso marginal y costo marginal.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/10.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-10-header.jpg</image:loc>
        <image:title>QR code on a market stall: Reuters/Alamy Stock Photo/Shailesh Andrade</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-01.jpg</image:loc>
        <image:title>Riqueza, ingresos, depreciación y consumo: la analogía de la bañera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-h.jpg</image:loc>
        <image:title>El endeudamiento, la tasa de interés y el conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-a.jpg</image:loc>
        <image:title>Julia no tiene nada
: Julia no tiene dinero ahora, pero sabe que en el próximo periodo tendrá 100 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-b.jpg</image:loc>
        <image:title>Traer ingresos futuros al presente
: Julia podría, por ejemplo, pedir prestados 91 dólares ahora y prometerle al prestamista los 100 dólares que tendrá más adelante. La tasa de interés sería del 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-c.jpg</image:loc>
        <image:title>Pedir prestado menos
: A la misma tasa de interés (10%), también podría pedir prestados 70 dólares para gastar ahora y pagar 77 dólares al final del año. En ese caso, tendría 23 dólares para gastar el próximo año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-d.jpg</image:loc>
        <image:title>Pedir prestado aún menos
: A la misma tasa de interés (10%), también podría pedir prestados 30 dólares para gastar ahora y pagar 33 dólares al final del año. En ese caso, tendría 67 dólares para gastar el próximo año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-e.jpg</image:loc>
        <image:title>El conjunto factible de Julia
: El límite del conjunto factible de Julia es su frontera factible, que se muestra para una tasa de interés del 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-f.jpg</image:loc>
        <image:title>La frontera factible de Julia
: Julia puede pedir prestado ahora y elegir cualquier combinación en su frontera factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-02-g.jpg</image:loc>
        <image:title>Una tasa de interés más alta
: Si, en lugar del 10%, la tasa de interés es del 78%, Julia solo puede pedir prestado un máximo de 56 dólares ahora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-a-e.jpg</image:loc>
        <image:title>Estabilizar el consumo: Retornos marginales decrecientes del consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-a-a.jpg</image:loc>
        <image:title>Las posibles elecciones de Julia
: La línea discontinua muestra las combinaciones de consumo ahora y consumo después entre las cuales puede elegir Julia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-a-b.jpg</image:loc>
        <image:title>Retornos marginales decrecientes del consumo
: La curva de indiferencia de Julia se inclina hacia el origen como consecuencia de la existencia de rendimientos marginales decrecientes del consumo en cada periodo: cuantos más bienes tenga en el presente, menos valorará un bien adicional ahora en relación con tener más bienes en el futuro. La pendiente de la curva de indiferencia es la tasa marginal de sustitución (TMS) entre el consumo actual y el consumo futuro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-a-c.jpg</image:loc>
        <image:title>¿Qué elecciones realizaría Julia?
: La TMS en C es alta (su curva de indiferencia tiene mucha pendiente): Julia tiene poco consumo ahora y mucho más adelante, así que unos retornos marginales decrecientes implican que le gustaría trasladar parte del consumo futuro al presente. La TMS en E es baja: tiene mucho consumo ahora y menos más adelante, por lo que los rendimientos marginales decrecientes, en este caso, significan que le gustaría trasladar parte del consumo al futuro. Así pues, elegirá un punto entre C y E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-a-d.jpg</image:loc>
        <image:title>La TMS cae
: Podemos ver que la TMS va cayendo a medida que avanzamos a lo largo de la curva de indiferencia de C a E: la pendiente es más pronunciada en C que en E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-03-b.jpg</image:loc>
        <image:title>Impaciencia pura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-f.jpg</image:loc>
        <image:title>Mover el consumo a lo largo del tiempo mediante préstamos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-a.jpg</image:loc>
        <image:title>Frontera factible (FF) de Julia
: Julia desea llegar a la curva de indiferencia más alta posible, pero se ve limitada por su frontera factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-b.jpg</image:loc>
        <image:title>La mejor opción de Julia
: Cuando la tasa de interés es del 10%, la curva de indiferencia más alta posible será la que sea tangente a la frontera factible que se muestra como el punto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-c.jpg</image:loc>
        <image:title>TMS = TMT
: En este punto, TMS = TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-d.jpg</image:loc>
        <image:title>La decisión de pedir prestado
: En el punto F, su tasa de descuento, ρ, excede a r, la tasa de interés, por lo que le gustaría adelantar el consumo en el tiempo. Un razonamiento similar elimina todos los puntos en la frontera factible excepto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-04-e.jpg</image:loc>
        <image:title>Un aumento en la tasa de interés
: Si la tasa de interés a la que puede pedir prestado aumenta, el conjunto factible se reduce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-05.jpg</image:loc>
        <image:title>Curvas de indiferencia de reserva y dotaciones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-f.jpg</image:loc>
        <image:title>Estabilizar el consumo mediante el almacenamiento y el préstamo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-a.jpg</image:loc>
        <image:title>Marcos tiene riqueza hoy
: Marco tiene 100 dólares de grano disponible ahora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-b.jpg</image:loc>
        <image:title>Frontera factible de Marco
: La línea oscura muestra la frontera factible de Marco si usa el almacenamiento y el área sombreada muestra su conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-c.jpg</image:loc>
        <image:title>Preferencias de Marco
: La curva de indiferencia de reserva de Marco pasa por su dotación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-d.jpg</image:loc>
        <image:title>La decisión de Marco de almacenar
: El punto H en la curva de indiferencia de Marco indica la cantidad que elegirá almacenar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-06-e.jpg</image:loc>
        <image:title>Decisión de Marco de prestar
: La línea clara muestra la frontera factible cuando Marco presta al 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-07-c.jpg</image:loc>
        <image:title>Inversión en un proyecto de alto rendimiento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-07-a.jpg</image:loc>
        <image:title>El retorno de la inversión.
: Si Marco invirtiera todo su grano, podría cosechar 150 dólares en grano más tarde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-07-b.jpg</image:loc>
        <image:title>El retorno de la inversión
: La pendiente de la línea roja es −1,5, donde el valor absoluto (1,5) es 1 más la tasa de retorno de la inversión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-08-c.jpg</image:loc>
        <image:title>Endeudarse para invertir en un proyecto de alto rendimiento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-08-a.jpg</image:loc>
        <image:title>La elección óptima de Marco cuando puede invertir.
: Su elección óptima cuando puede invertir es el punto K.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-08-b.jpg</image:loc>
        <image:title>Marco obtiene un préstamo
: Si Marco pudiera obtener un préstamo al 10%, estaría mejor invirtiendo todo lo que tiene: así expande su conjunto factible, como lo muestra la línea roja punteada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-10.jpg</image:loc>
        <image:title>Opciones para el individuo (Marco) que comienza con activos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-11.jpg</image:loc>
        <image:title>Balance general.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-14.jpg</image:loc>
        <image:title>Los bancos, el banco central, prestatarios y ahorradores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-18-e.jpg</image:loc>
        <image:title>Tasas de interés y gasto en consumo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-18-a.jpg</image:loc>
        <image:title>Julia no tiene riqueza ahora
: Espera recibir 100 dólares en un año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-18-b.jpg</image:loc>
        <image:title>La tasa de interés del prestamista
: Con una tasa de interés del prestamista del 78%, Julia pidió prestado para gastar 35 dólares ahora (punto G).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-18-c.jpg</image:loc>
        <image:title>Una tasa de interés más baja
: Con una tasa de interés del 10%, Julia pediría prestado y gastaría 58 dólares ahora (punto E).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-18-d.jpg</image:loc>
        <image:title>A medida que la tasa de interés cae…
: El panel derecho de la figura muestra el gasto de consumo de Julia ahora a medida que cae la tasa de interés, correspondiendo G y E a los mismos puntos en el panel de la izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-mcq-10.jpg</image:loc>
        <image:title>Curva de indiferencia de Julia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-0jddkoUl-5o.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-20.jpg</image:loc>
        <image:title>Riqueza, calidad del proyecto y crédito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-21-c.jpg</image:loc>
        <image:title>Desigualdad en una economía de prestamistas y prestatarios. Nota: El coeficiente de Gini cuando no hay prestatarios excluidos es 0,57; cuando se excluye a 40 prestatarios es 0,70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-21-a.jpg</image:loc>
        <image:title>Un modelo de economía de prestamistas y prestatarios.
: Una economía está compuesta por 90 agricultores que toman prestado de 10 prestamistas. Como i = 0,10 y Π = 0,15, la participación del prestamista en el ingreso total es 2/3 y la de los prestatarios es 1/3. El coeficiente de Gini es 0,57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-10-21-b.jpg</image:loc>
        <image:title>Algunos prestatarios están excluidos del mercado crediticio
: Suponga ahora que 40 de los posibles prestatarios están excluidos del mercado de crédito. Como no pueden pedir prestado, no reciben ningún ingreso.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-06-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>Marian parhaan vasteen funktio.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/11.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-11-header.jpg</image:loc>
        <image:title>Santiago, Chile stock exchange: CORE</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-01.svg</image:loc>
        <image:title>Bargaining power and prices in the Kerala wholesale fish market (14 January 1997). (Note: Two markets had the same outcome, with a price of Rs6.2 per kg.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/11-friedrich-hayek.jpg</image:loc>
        <image:title>Friedrich Hayek</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-02-e.svg</image:loc>
        <image:title>An increase in demand in a competitive market: Opportunities for rent-seeking.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-02-a.svg</image:loc>
        <image:title>Equilibrium
: At point A, the market is in equilibrium at a price of $8. The supply curve is the marginal cost curve, so the marginal cost of producing a hat is $8.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-02-b.svg</image:loc>
        <image:title>An exogenous demand shock
: The shock shifts the demand curve to the right.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-02-c.svg</image:loc>
        <image:title>Excess demand
: At the going price, the number of hats demanded exceeds the number supplied (point D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-02-d.svg</image:loc>
        <image:title>Raising the price
: When demand has increased, a hat-seller who observes more customers will realize that she can make higher profits by raising the price. She could sell as many hats at any price between A and B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-03.svg</image:loc>
        <image:title>Vernon Smith’s experimental results.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-exercise-01.svg</image:loc>
        <image:title>The market for bread.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-04.svg</image:loc>
        <image:title>The price-quantity relationship for a single buyer in the Ancona fish market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-05.svg</image:loc>
        <image:title>The aggregate price-quantity relationship in the Ancona market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-06-d.svg</image:loc>
        <image:title>The market for bread in the short run and the long run.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-06-a.svg</image:loc>
        <image:title>The short-run equilibrium
: Initially there are 50 bakeries. The market is at a short-run equilibrium at point A. The price of a loaf of bread is €2, and the bakeries’ profits are above the normal level. They are earning rents, so more bakeries will wish to enter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-06-b.svg</image:loc>
        <image:title>More firms enter
: When new firms enter, the supply curve shifts to the right. The new equilibrium is at point B. The price has fallen to €1.75. There are more bakeries selling more bread in total, but each one is producing less than before and making less profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-06-c.svg</image:loc>
        <image:title>Price is still greater than average cost
: At B, the price is still above the average cost—bakeries are making greater-than-normal profits. This is still only a short-run equilibrium, because more firms will want to enter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-07.svg</image:loc>
        <image:title>World oil prices in constant prices (1865–2014) and global oil consumption (1965–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-08-e.svg</image:loc>
        <image:title>The world market for oil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-08-a.svg</image:loc>
        <image:title>OPEC supply
: OPEC’s members can increase production easily within their current capacity, without increasing their marginal cost c. OPEC quotas limit their total production to QOPEC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-08-b.svg</image:loc>
        <image:title>The non-OPEC supply
: Non-OPEC countries can produce oil at the same marginal cost c until they get close to capacity, when their marginal costs rise steeply.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-08-c.svg</image:loc>
        <image:title>World supply curve
: Total world supply is the sum of production by OPEC and other countries at each price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-08-d.svg</image:loc>
        <image:title>The equilibrium oil price
: The demand curve is steep: world demand is inelastic in the short run. In equilibrium, the price is P0 and total oil consumption Q0 is equal to QOPEC + Qnon-OPEC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-09.svg</image:loc>
        <image:title>The OPEC oil price shocks of the 1970s: OPEC decreases output.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-10.svg</image:loc>
        <image:title>The oil price shocks of 2000–8: Economic growth increases world demand.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-11.svg</image:loc>
        <image:title>News Corp’s share price and volume traded (7 May 2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-12-d.svg</image:loc>
        <image:title>Good news about profitability.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-12-a.svg</image:loc>
        <image:title>The initial equilibrium
: Initially the market is in equilibrium at A: 6,000 shares are sold per hour at a price of $16.50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-12-b.svg</image:loc>
        <image:title>Good news about profitability
: Some good news about the future profitability of News Corp simultaneously shifts the demand curve …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-12-c.svg</image:loc>
        <image:title>Good news about profitability
: … and the supply curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-do0yzpMrOn4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-14.svg</image:loc>
        <image:title>The tech bubble: Nasdaq Composite Index (1995–2004).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-15-d.svg</image:loc>
        <image:title>The beginning of a bubble in FCC shares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-15-a.svg</image:loc>
        <image:title>The initial price
: Initially the price of a share in a firm called the Flying Car Corporation (FCC) is $50 on the lowest demand curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-15-b.svg</image:loc>
        <image:title>The response to good news
: When potential traders and investors receive good news about expected future profitability, the demand curve shifts to the right, and the price increases to $60.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-15-c.svg</image:loc>
        <image:title>The effect of a price rise
: Observing the price rise, potential buyers treat it as further good news. The demand curve shifts up simply because the price has increased, and the price rises again to $70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-16.svg</image:loc>
        <image:title>Positive vs negative feedback.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-17-e.svg</image:loc>
        <image:title>A stable equilibrium in the market for FCC shares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-17-a.svg</image:loc>
        <image:title>The equilibrium price
: The left-hand panel shows the supply and demand curves in a market where the equilibrium price is P0. The 45° line on the right shows that when the price in period t is P0, the price in period t + 1 will be the same. There is no tendency to change.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-17-b.svg</image:loc>
        <image:title>A price shock
: Suppose that, following a temporary blip in demand for shares, the price in this market is P1. There is excess supply.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-17-c.svg</image:loc>
        <image:title>The price adjusts
: The PDC shows that if the price this period is P1, then it will be P2 next period.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-17-d.svg</image:loc>
        <image:title>Beliefs dampen prices
: Since the PDC is flatter than the 45° line, P2 is closer to the equilibrium than P1. Investors are influenced by their beliefs about the fundamental value of FCC, which is P0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-18.svg</image:loc>
        <image:title>An unstable equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-19.svg</image:loc>
        <image:title>The collapse of FCC’s share price.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-20.svg</image:loc>
        <image:title>The value of Bitcoin (2013–2021).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-21.svg</image:loc>
        <image:title>Excess demand for tickets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-h.svg</image:loc>
        <image:title>Housing rents and economic rents.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-a.svg</image:loc>
        <image:title>The market clears
: Initially the market clears with 8,000 tenancies at rent of €500.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-b.svg</image:loc>
        <image:title>An increase in demand
: Now suppose that there is an increase in demand for tenancies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-c.svg</image:loc>
        <image:title>Rent increases
: The supply of housing for rent is inelastic, at least in the short run. The new market-clearing rent, €830, is much higher.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-d.svg</image:loc>
        <image:title>A rent ceiling?
: Suppose the city authorities impose a rent ceiling at €500. Landlords will continue to supply 8,000 tenancies, so there is excess demand.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-e.svg</image:loc>
        <image:title>The short side of the market
: When the price is below the market-clearing level, the suppliers are on the short side of the market. They, not the demanders, determine the number of tenancies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-f.svg</image:loc>
        <image:title>Some people would pay much more
: There are 12,000 people on the long side of the market. Only 8,000 obtain tenancies. There are 8,000 people willing to pay €1,100 or more, but tenancies are not necessarily allocated to the people with highest willingness to pay.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-22-g.svg</image:loc>
        <image:title>A secondary market
: If it were legal, some tenants could sublet their accommodation at €1,100, obtaining an economic rent of €600 (the difference between €1,100 and the controlled rent of €500).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-05-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-04-02-01.jpg</image:loc>
        <image:title>Angelan valinta vapaa-ajan ja viljan välillä itsenäisenä viljelijänä.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-06-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>Minimización del costo del esfuerzo.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/0-4-preface.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/preface-camila-cea.jpg</image:loc>
        <image:title>Camila Cea
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/word-cloud.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-03-header.jpg</image:loc>
        <image:title>Old clock mechanisms: Jose Ignacio Soto/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-01.jpg</image:loc>
        <image:title>Vuosityöaika ja tulot vuosina 1870–2000.
: Vuosityöaika ja tulot vuosina 1870–2000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-02.jpg</image:loc>
        <image:title>Työntekijän keskimääräinen vapaa-aika ja tulot asukasta kohti vuonna 2013.
: Työntekijän keskimääräinen vapaa-aika ja tulot asukasta kohti vuonna 2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>Miten Alexein opiskeluun käyttämä aika vaikuttaa hänen arvosanaansa?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-a.jpg</image:loc>
        <image:title>Alexein tuotantofunktio
: Käyrä esittää Alexein tuotantofunktiota. Se kuvaa, miten panos eli työtunnit muuttuvat tuotokseksi eli loppuarvosanaksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-b.jpg</image:loc>
        <image:title>Opiskelua neljä tuntia päivässä
: Jos Alexei opiskelee neljä tuntia, hän saa arvosanan 50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-c.jpg</image:loc>
        <image:title>Opiskelua kymmenen tuntia päivässä
: Jos Alexei opiskelee kymmenen tuntia, hän saa arvosanan 81.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-d.jpg</image:loc>
        <image:title>Maksimiarvosana
: Opiskelemalla 15 tuntia Alexei saavuttaisi parhaan mahdollisen arvosanansa, joka on 90. Tämän maksimiarvosanan jälkeen lisätunnit eivät vaikuta tulokseen, vaan käyrä muuttuu tasaiseksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-e.jpg</image:loc>
        <image:title>Lisää opiskelua: neljästä tunnista viiteen
: Jos Alexei lisää opiskelua 4 tunnista 5 tuntiin, hänen tuloksensa paranee arvosanasta 50 arvosanaan 57. Se tarkoittaa, että neljän työtunnin kohdalla yhden lisätunnin rajatuotos on 7.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-f.jpg</image:loc>
        <image:title>Lisää opiskelua: 10 tunnista 11 tuntiin
: Jos Alexei lisää opiskelua 10 tunnista 11 tuntiin, hänen tuloksensa paranee arvosanasta 81 arvosanaan 84. Kymmenen työtunnin kohdalla yhden lisätunnin rajatuotos on 3. Käyrä loivenee kuljettaessa x-akselia oikealle, mikä tarkoittaa, että lisätunnin rajatuotos pienenee. Rajatuotos on laskeva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-g.jpg</image:loc>
        <image:title>Työtunnin keskituotos
: Jos Alexei opiskelee neljä tuntia päivässä, hänen keskituotoksensa on 50/4 = 12,5 prosenttiyksikköä eli origosta käyrän pisteeseen (4, 50) kulkevan puolisuoran kulmakerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-05-h.jpg</image:loc>
        <image:title>Rajatuotos on pienempi kuin keskituotos
: Neljän työtunnin kohdalla keskituotos on 12,5. Kymmenen työtunnin kohdalla keskituotos on pienempi: 81/10 = 8,1. Keskituotos pienenee kuljettaessa käyrää pitkin oikealle. Jokaisessa käyrän pisteessä rajatuotos eli käyrän kulmakerroin on pienempi kuin keskituotos eli puolisuoran kulmakerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Alexein preferenssit kaaviona.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-a.jpg</image:loc>
        <image:title>Mieluummin paljon vapaa-aikaa kuin vähän
: Yhdistelmät A ja B tuottavat molemmat arvosanan 84. Alexei valitsee vaihtoehdon A, koska siinä vapaa-aikaa on enemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-b.jpg</image:loc>
        <image:title>Mieluummin hyvä arvosana kuin huono
: Yhdistelmät C ja D sisältävät molemmat vapaa-aikaa 20 tuntia päivässä. Alexei valitsee vaihtoehdon D, koska siinä arvosana on parempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-c.jpg</image:loc>
        <image:title>Yhtä hyvät yhdistelmät
: Kumpaa vaihtoehdoista A ja E Alexei preferoi? Hänen mielestään ne ovat yhtä hyviä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-d.jpg</image:loc>
        <image:title>Lisää yhtä hyviä yhdistelmiä
: Alexein mielestä myös yhdistelmä F tuottaisi hänelle saman hyödyn kuin A ja E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-e.jpg</image:loc>
        <image:title>Samahyötykäyrän piirtäminen
: Kyselemällä selviää, että Alexei pitää yhdistelmiä A–D keskenään yhtä hyvinä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-f.jpg</image:loc>
        <image:title>Samahyötykäyrän piirtäminen
: Pisteet yhdistämällä saadaan samahyötykäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-f.jpg</image:loc>
        <image:title>Rajasubstituutiosuhde
: Rajasubstituutiosuhde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-a.jpg</image:loc>
        <image:title>Alexein samahyötykäyrät
: Kuvioon on piirretty kolme Alexein samahyötykäyrää. Vasemmanpuoleisella käyrällä hyöty on pienin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-b.jpg</image:loc>
        <image:title>Piste A
: Pisteessä A Alexeilla on 15 tuntia vapaa-aikaa ja hänen arvosanansa on 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-c.jpg</image:loc>
        <image:title>A ja E ovat yhtä hyviä
: Alexei on valmis vaihtamaan yhdistelmän A yhdistelmään E. Silloin hän vaihtaa yhdeksän pistettä tuntiin lisää vapaa-aikaa. Hänen rajasubstituutiosuhteensa on 9. Pisteessä A samahyötykäyrä laskee jyrkästi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-d.jpg</image:loc>
        <image:title>Pisteet H ja D ovat yhtä hyviä
: Pisteessä H Alexei on valmis luopumaan vain neljästä pisteestä saadakseen tunnin lisää vapaata. Hänen rajasubstituutiosuhteensa on 4. Rajasubstituutiosuhde laskee kuljettaessa samahyötykäyrällä alaspäin, koska pisteitä on niukasti vapaa-aikaan verrattuna. Samahyötykäyrä tasaantuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-07-e.jpg</image:loc>
        <image:title>Yhdistelmät, joissa vapaa-aikaa on 15 tuntia
: Kuvioon on merkitty yhdistelmät, joissa vapaa-aikaa on 15 tuntia. Alimmalla käyrällä arvosana on heikko ja rajasubstituutiosuhde matala. Alexei ei ole halukas tinkimään arvosanastaan saadakseen lisää vapaata. Ylemmäksi siirryttäessä samahyötykäyrät muuttuvat jyrkemmiksi ja rajasubstituutiosuhde kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>Miten Alexein valitsema vapaa-ajan määrä vaikuttaa arvosanaan?
: Miten Alexein valitsema vapaa-ajan määrä vaikuttaa arvosanaan?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-a.jpg</image:loc>
        <image:title>Mahdollisuuksien raja
: Kuvion käyrää sanotaan mahdollisuuksien rajaksi. Se kuvaa korkeinta mahdollista arvosanaa, jonka Alexei voi saavuttaa kullakin vapaa-ajan määrällä. Jos hän valitsee 24 tuntia vapaa-aikaa, hän saa arvosanaksi nollan. Jos hän tyytyy vähempään vapaa-aikaan, hän voi saada paremman arvosanan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-b.jpg</image:loc>
        <image:title>Mahdollinen yhdistelmä
: Jos Alexeille riittää 13 tuntia vapaa-aikaa, hän voi saada arvosanan 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-c.jpg</image:loc>
        <image:title>Mahdottomat yhdistelmät
: Kun huomioidaan Alexein kyvyt ja opiskeluolosuhteet, hän ei normaalitilanteessa voi pitää vapaata kahtakymmentä tuntia vuorokaudessa ja yltää arvosanaan 70. (Jätämme hyvän tuurin mallista pois.) Yhdistelmä B on siksi mahdoton.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-d.jpg</image:loc>
        <image:title>Mahdollinen yhdistelmä
: Jos Alexei pitää vapaata 19 tuntia vuorokaudessa, hänen maksimiarvosanansa on 57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-e.jpg</image:loc>
        <image:title>Mahdollisuuksien rajan alapuolella
: Yhdistelmä D on Alexeille mahdollinen, mutta tarkoittaisi vapaa-ajan tai tenttipisteiden tuhlausta. Hän pääsisi samalla työmäärällä parempaankin arvosanaan – tai voisi pitää enemmän vapaata ja saada silti saman arvosanan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-f.jpg</image:loc>
        <image:title>Mahdollisuuksien joukko
: Mahdollisuuksien rajan alapuolelle jäävä alue (raja mukaan luettuna) muodostaa mahdollisuuksien joukon. Tässä tapauksessa kysymyksessä on mahdollisten vapaa-ajan ja arvosanan yhdistelmien joukko.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-g.jpg</image:loc>
        <image:title>Vapaa-ajan vaihtoehtoiskustannus
: Yhdistelmä A tarjoaisi Alexeille tunnin lisää vapaa-aikaa, jos hän uhraisi kolme pistettä lopputentissä. Vapaatunnin vaihtoehtoiskustannus pisteessä A on kolme pistettä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-h.jpg</image:loc>
        <image:title>Vaihtoehtoiskustannus muuttuu
: Mitä enemmän vapaata Alexei pitää, sitä suurempi on opiskelun rajatuotos, jolloin vapaa-ajan vaihtoehtoiskustannus kasvaa. Pisteessä C yhden vapaatunnin vaihtoehtoiskustannus on suurempi kuin pisteessä A: Alexei joutuisi uhraamaan 7 tenttipistettä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>Miten monta tuntia Alexei päättää opiskella?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-a.jpg</image:loc>
        <image:title>Minkä pisteen Alexei valitsee?
: Kuvioon on piirretty Alexein samahyötykäyrät ja mahdollisuuksien raja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-b.jpg</image:loc>
        <image:title>Mahdolliset yhdistelmät
: Samahyötykäyrän IC1 kaikki yhdistelmät välillä AB ovat mahdollisia, koska ne sijaitsevat mahdollisuuksien joukossa. Mitä tapahtuu, jos Alexei valitsee jonkin näistä pisteistä?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-c.jpg</image:loc>
        <image:title>Varaa parempaankin
: Kaikki yhdistelmät käyrän IC1 ja mahdollisuuksien rajan väliin jäävällä linssinmuotoisella alueella ovat myös mahdollisia, ja ne tarjoavat suuremman hyödyn kuin käyrän IC1 yhdistelmät. Alexei voi lisätä hyötyään esimerkiksi valitsemalla pisteen C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-d.jpg</image:loc>
        <image:title>Varaa parempaan
: Jos Alexei siirtyy käyrältä IC1 pisteeseen C, joka sijaitsee käyrällä IC2, hänen saamansa hyöty kasvaa. Siirtyminen pisteestä B pisteeseen D kasvattaisi hyötyä yhtä paljon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-e.jpg</image:loc>
        <image:title>Paras mahdollinen yhdistelmä
: Alexei voi yhä kasvattaa hyötyään siirtymällä käyrän IC2 yläpuoliselle alueelle. Hän voi jatkaa aina korkeammalle samahyötykäyrälle vaihtamalla mahdollisesta yhdistelmästä toiseen, kunnes päätyy pisteeseen E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-f.jpg</image:loc>
        <image:title>Paras mahdollinen yhdistelmä
: Pisteessä E Alexeilla on vapaa-aikaa 19 tuntia vuorokaudessa ja hän saa arvosanaksi 57. Tässä pisteessä hän maksimoi hyötynsä: piste sijaitsee korkeimmalla samahyötykäyrällä, joka on vielä mahdollisuuksien rajalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>Teknologian muutoksen vaikutus tuotantofunktioon
: Teknologian muutoksen vaikutus tuotantofunktioon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-12-a.jpg</image:loc>
        <image:title>Alkuperäinen teknologia
: Taulukosta näkee, miten tuotettu viljamäärä riippuu päivittäisistä työtunneista. Jos Angela tekee työtä 12 tuntia päivässä, hän tuottaa 64 yksikköä viljaa. Tätä vastaa kaavion piste B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-12-b.jpg</image:loc>
        <image:title>Teknologian parannus
: Teknologian parannus tarkoittaa, että tietyssä ajassa tuotetaan enemmän viljaa. Tuotantofunktio siirtyy ylemmäksi. Uusi tuotantofunktio on PFuusi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-12-c.jpg</image:loc>
        <image:title>Enemmän viljaa samalla työmäärällä
: Jos Angela tekee työtä 12 tuntia päivässä, hän tuottaa 74 yksikköä viljaa (piste C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-13.jpg</image:loc>
        <image:title>Teknologian parannus laajentaa Angelan mahdollisuuksien joukkoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-14-d.jpg</image:loc>
        <image:title>Angelan valinta vapaa-ajan ja viljan välillä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-14-a.jpg</image:loc>
        <image:title>Hyödyn maksimointi alkuperäisellä teknologialla
: Kaavio esittää alkuperäisen tuotantofunktion määrittämää mahdollisuuksien joukkoa ja Angelan vilja- ja vapaa-aikayhdistelmien samahyötykäyriä. Korkein mahdollinen samahyötykäyrä on IC3 pisteessä A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-14-b.jpg</image:loc>
        <image:title>MRS = MRT tuo maksimihyödyn
: Angelan paras vaihtoehto on mahdollisuuksien rajalla sijaitseva piste A. Hän saa päivittäin vapaa-aikaa 16 tuntia ja kuluttaa 55 yksikköä viljaa. Pisteessä A Angelan rajasubstituutiosuhde on yhtä suuri kuin rajamuunnossuhde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-14-c.jpg</image:loc>
        <image:title>Teknologia kehittyy
: Teknologian parannus laajentaa mahdollisuuksien joukkoa. Nyt Angelalle tarjoutuu pistettä A parempi vaihtoehto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-mcq-09-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-mcq-09-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-15-d.jpg</image:loc>
        <image:title>Mieluisin vapaa-ajan ja kulutuksen yhdistelmä.
: Mieluisin vapaa-ajan ja kulutuksen yhdistelmä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-15-a.jpg</image:loc>
        <image:title>Budjettirajoite
: Suora on budjettirajoitteesi. Se osoittaa enimmäiskulutuksesi kaikilla vapaa-ajan arvoilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-15-b.jpg</image:loc>
        <image:title>Budjettirajoitteen kulmakerroin
: Budjettirajoitetta kuvaavan suoran kulmakerroin on itseisarvoltaan yhtä suuri kuin tuntipalkkasi eli 15 euroa. Tämä on rajamuunnossuhde MRT eli vaihtosuhde, jolla voit muuntaa aikaa kulutukseksi, ja se on myös vapaa-aikasi vaihtoehtoiskustannus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-15-c.jpg</image:loc>
        <image:title>Mahdollisuuksien joukko
: Budjettirajoite on mahdollisuuksien rajasi, ja sen alapuolinen alue on mahdollisuuksien joukkosi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-17.jpg</image:loc>
        <image:title>Lisätulojen vaikutus vapaa-aikaan ja kulutukseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-18.jpg</image:loc>
        <image:title>Taulukko, joka osoittaa lisätulojen vaikutuksen, kun rajasubstituutiosuhde ei muutu kulutuksen kasvaessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-a.jpg</image:loc>
        <image:title>Taulukko palkankorotuksen vaikutuksesta vapaa-aikaan ja kulutukseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-f.jpg</image:loc>
        <image:title>Palkankorotuksen vaikutus vapaa-aikaan ja kulutukseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-a.jpg</image:loc>
        <image:title>Palkankorotus
: Kun tuntipalkka on 15 euroa, paras työtuntien ja kulutuksen yhdistelmä on pisteessä A. Jyrkempi suora kuvaa uutta budjettirajoitetta, kun tuntipalkka nousee 25 euroon. Mahdollisuuksien joukkosi laajenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-b.jpg</image:loc>
        <image:title>Pääset ylemmälle samahyötykäyrälle
: Piste D käyrällä IC4 antaa suurimman hyödyn. Pisteessä D rajasubstituutiosuhde vastaa uutta palkkaa (25 euroa). Saat vain 17 tuntia vapaa-aikaa, mutta kulutuksesi nousee 175 euroon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-c.jpg</image:loc>
        <image:title>Jos vapaa-ajan vaihtoehtoiskustannus ei muuttuisi
: Pisteviiva osoittaa, mitä tapahtuu, jos tulosi riittävät käyrälle IC4 mutta vapaa-ajan vaihtoehtoiskustannus ei muutu. Valitset vaihtoehdon C ja lisää vapaa-aikaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-d.jpg</image:loc>
        <image:title>Tulovaikutus
: Siirtymää pisteestä A pisteeseen C kutsutaan palkankorotuksen tulovaikutukseksi. Sellaisenaan se saisi sinut valitsemaan lisää vapaa-aikaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-19-b-e.jpg</image:loc>
        <image:title>Substituutiovaikutus
: Vapaa-ajan vaihtoehtoiskustannuksen kasvu jyrkentää budjettirajoitetta. Tällöin valitset vaihtoehdon C sijasta D:n eli vähemmän vapaa-aikaa. Tätä sanotaan palkankorotuksen substituutiovaikutukseksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-20-e.jpg</image:loc>
        <image:title>Historian selittäminen mallilla: Hyödykkeet ja vapaa-aika lisääntyivät Yhdysvalloissa vuosina 1900–2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-20-a.jpg</image:loc>
        <image:title>Historiallisten muutosten selittäminen mallin avulla
: Voimme tulkita mallimme avulla, miksi yhdysvaltalaisten työntekijöiden päivittäinen vapaa-aika ja hyödykkeiden kulutus ovat muuttuneet vuosien 1900 ja 2013 välillä. Yhtenäiset viivat kuvaavat vapaa-ajan ja hyödykkeiden mahdollisuuksien joukkoja vuosina 1900 ja 2013. Kummankin budjettisuoran kulmakerroin on reaalipalkka.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-20-b.jpg</image:loc>
        <image:title>Samahyötykäyrät
: Voimme hahmotella kaavioon työntekijöiden samahyötykäyrät. Oletamme, että työaika kuvastaa työntekijöiden valintaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-20-c.jpg</image:loc>
        <image:title>Tulovaikutus
: Siirtymä pisteestä A pisteeseen C on palkankorotuksen tulovaikutus. Sellaisenaan se saisi yhdysvaltalaiset työntekijät valitsemaan lisää vapaa-aikaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-20-d.jpg</image:loc>
        <image:title>Substituutiovaikutus
: Vapaa-ajan vaihtoehtoiskustannuksen nousu sai yhdysvaltalaiset työntekijät valitsemaan mieluummin vaihtoehdon D kuin C. Vapaa-aika siis väheni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-FrIhloNEwT8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-21.jpg</image:loc>
        <image:title>Arvioitu työ- ja vapaa-aika eliniältä vuosina 1880, 1995 ja 2040.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-23-c.jpg</image:loc>
        <image:title>Päivittäinen vapaa-aika ja kulutus eri maissa vuonna 2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-23-a.jpg</image:loc>
        <image:title>Maiden väliset erot
: Maiden välisten erojen selvittämiseksi käytämme malliamme yhdistettynä kuvion 3.22 tietoihin. Kiinteät viivat kuvaavat vapaa-ajan ja hyödykkeiden mahdollisuuksien joukkoja kuvion 3.22 viidessä maassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-23-b.jpg</image:loc>
        <image:title>Työntekijöiden samahyötykäyrät
: Samahyötykäyrät voivat selittää maiden välisiä eroja. Käyriä ei voi johtaa aineistosta, vaan olemme piirtäneet kuvioon todennäköisiä samahyötykäyriä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-exercise-11.jpg</image:loc>
        <image:title>Työaika 1900-luvulla
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-05-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Asignaciones eficientes en términos de Pareto y la distribución del excedente.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-01-header.jpg</image:loc>
        <image:title>Shinjuku, Tokyo nightlife: Kevin Poh, https://goo.gl/kgS4Zi, licenza CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-a.jpg</image:loc>
        <image:title>Il bastone da hockey della storia
: Il bastone da hockey della storia: PIL pro capite in cinque paesi negli ultimi mille anni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-KMHaT_WUF54.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-c.jpg</image:loc>
        <image:title>Distribuzione del reddito mondiale nel 2014
: I paesi sono ordinati in base al PIL pro capite da sinistra a destra. Per ciascun paese l’altezza delle barre mostra il reddito medio per i decili di popolazione, dal 10% più povero davanti al 10% più ricco dietro. La larghezza della barra indica la popolazione del paese.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-d.jpg</image:loc>
        <image:title>Distribuzione del reddito mondiale nel 2014
: I paesi sono ordinati in base al PIL pro capite da sinistra a destra. Per ciascun paese l’altezza delle barre mostra il reddito medio per i decili di popolazione, dal 10% più povero davanti al 10% più ricco dietro. La larghezza della barra indica la popolazione del paese.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-e.jpg</image:loc>
        <image:title>Distribuzione del reddito mondiale nel 2014
: I paesi sono ordinati in base al PIL pro capite da sinistra a destra. Per ciascun paese l’altezza delle barre mostra il reddito medio per i decili di popolazione, dal 10% più povero davanti al 10% più ricco dietro. La larghezza della barra indica la popolazione del paese.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-a.jpg</image:loc>
        <image:title>Il più ricco e il più povero
: Il paese più ricco, alla destra estrema della figura, è Singapore, dove i redditi medi del 10% più ricco e del 10% più povero della popolazione sono pari rispettivamente a 67.436 $ e a 3.652 $. In Liberia, il paese alla sinistra estrema della figura, tali valori medi sono rispettivamente 994 $ and 17 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-b.jpg</image:loc>
        <image:title>Grattacieli
: Le barre a forma di grattacielo sul fondo e a destra della figura rappresentano il 10% più ricco dei paesi più ricchi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-02-f.jpg</image:loc>
        <image:title>È cresciuta la diseguaglianza all’interno dei paesi
: La distribuzione del reddito è diventata più diseguale in molti dei paesi più ricchi: l’altezza dei grattacieli è cresciuta. Anche nei paesi di media ricchezza c’è stata una crescita delle barre sul fondo della figura: il reddito del 10% più ricco è aumentato rispetto a quello del resto della popolazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/hockey-stick.jpg</image:loc>
        <image:title>A hockey stick is mostly straight, with a sharp upwards curve towards the end.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-f.jpg</image:loc>
        <image:title>Il bastone da hockey della storia
: Il bastone da hockey della storia: il tenore di vita in cinque paesi negli ultimi mille anni usando la scala logaritmica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-a.jpg</image:loc>
        <image:title>Abbiamo pochi dati prima del 1800
: Per il periodo precedente il 1800 abbiamo poche informazioni sul PIL pro capite, ed è per questo che i punti in quella parte della figura sono pochi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-b.jpg</image:loc>
        <image:title>Tracciamo una linea continua per unire i punti
: Per ciascun paese i dati della figura precedente sono stati uniti da una linea continua. Per gli anni prima del 1800 non siamo in grado di vedere le oscillazioni del tenore di vita da un anno all’altro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-c.jpg</image:loc>
        <image:title>La Gran Bretagna
: La svolta del bastone da hockey è meno improvvisa in Gran Bretagna, dove la crescita ha avuto inizio intorno al 1650.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-d.jpg</image:loc>
        <image:title>Il Giappone
: In Giappone il punto di svolta è più definito: ha avuto luogo intorno al 1850.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-01-b-e.jpg</image:loc>
        <image:title>La Cina e l’India.
: Il punto di svolta in Cine e India ha avuto luogo nella seconda metà del XX secolo. Il PIL era addirittura diminuito in India quando essa era una colonia britannica, e lo stesso era accaduto in Cina quando la sua politica e la sua economia erano sotto il controllo delle potenze europee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/01-adam-smith.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-03.jpg</image:loc>
        <image:title>La produttività del lavoro nella produzione di illuminazione: lm-hr per ora di lavoro (da 100.000 anni fa ad oggi).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-04.jpg</image:loc>
        <image:title>La velocità di trasmissione dell’informazione dal 1000 al 1865.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-05.jpg</image:loc>
        <image:title>L’economia è parte della società, che è parte della biosfera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-06-a.jpg</image:loc>
        <image:title>Anidride carbonica nell’atmosfera (1010–2010) ed emissioni globali di carbonio da combustibili fossili (1750–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-06-b.jpg</image:loc>
        <image:title>Evoluzione di lungo periodo della temperatura dell’emisfero boreale (1000–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-07.jpg</image:loc>
        <image:title>Utilizzo del termine “capitalism” negli articoli del New York Times (1851–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-08.jpg</image:loc>
        <image:title>Capitalismo: proprietà privata, mercati e impresa capitalistica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-10.jpg</image:loc>
        <image:title>Il PIL pro capite della Germania Ovest è cresciuto più velocemente di quello della Germania Este nel periodo 1950-89.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-11.jpg</image:loc>
        <image:title>Divergenza nel PIL pro capite dei paesi nei quali la rivoluzione capitalista è arrivata tardi (1928–2015). Note: dopo il 1992, la serie dell’ex Unione Sovietica esclude la serie della Federazione Russa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-12.jpg</image:loc>
        <image:title>Un modello di economia: imprese e famiglie.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-05-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-07-01-01.svg</image:loc>
        <image:title>Allocation of time with and without payment of rent.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/18.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-18-header.jpg</image:loc>
        <image:title>Container ship CSCL Venus of the China Shipping Line: Buonasera, https://goo.gl/mCTZNb, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-01.jpg</image:loc>
        <image:title>Fordin työntekijät eri maissa vuonna 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-02.jpg</image:loc>
        <image:title>Maailman tavaraviennin osuus maailman bruttokansantuotteesta, 1820–2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-f.jpg</image:loc>
        <image:title>Automarkkinoiden kaupankäyntikustannukset ja hintaero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-a.jpg</image:loc>
        <image:title>Viejämaan tarjontakäyrä
: Sininen suora on tuottajamaan (viejämaan) eli Japanin tarjontakäyrä. Se on tuottajamaan hinnan nouseva funktio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-b.jpg</image:loc>
        <image:title>Kuluttajan kysyntäkäyrä
: Punainen suora on kuluttajamaan (tuojamaan) eli Yhdysvaltain kysyntäkäyrä. Se on Yhdysvaltain autojen hinnan laskeva funktio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-c.jpg</image:loc>
        <image:title>Kilpailulliset markkinat
: Jos markkinat ovat kilpailulliset, auton hinta Yhdysvalloissa on Japanin ostokustannuksen ja kaupankäyntikustannusten t summa. Oletetaan, että yhden yksikön kuljetuskustannukset ovat 4,5. Osoitamme, että autojen tuotantomääräksi tulee silloin 4 000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-d.jpg</image:loc>
        <image:title>Miksi 4 000 autoa?
: 4 000 auton kohdalla tarjontakäyrän ja kysyntäkäyrän ero on yhtä suuri kuin kaupankäyntikustannus (4,5). Rajakustannus Japanissa on 2,75. Yhdysvaltalaisten kuluttajien maksuhalukkuus on 7,25 yksikköä kohti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-03-e.jpg</image:loc>
        <image:title>Globalisaation vaikutus
: Prosessiksi miellettynä globalisaatio tarkoittaa kaupankäyntikustannusten laskua. Kuviossa sitä vastaa kaupankäyntikustannusten muutos arvosta t arvoon t’.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-04.jpg</image:loc>
        <image:title>Ison-Britannian ja Yhdysvaltain vehnäkauppa, 1800–1914.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-05.jpg</image:loc>
        <image:title>Raaka-aineiden hintaeroja Yhdysvaltain ja Ison-Britannian välillä, 1870–1913.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-06.jpg</image:loc>
        <image:title>Kaupan esteet, 1870–2000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-07.jpg</image:loc>
        <image:title>Keskimääräiset tariffit prosentteina, 1981–2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-08.jpg</image:loc>
        <image:title>Kansainväliset pääomavirrat, 1870–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-09.jpg</image:loc>
        <image:title>Ulkomaanomistusten osuus bruttokansantuotteesta, 1900–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-10.jpg</image:loc>
        <image:title>Suorat ulkomaiset sijoitukset: yhdysvaltalaisyritysten ulkomaansijoitukset kohdemaan palkkatason mukaan, 2001–2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-11.jpg</image:loc>
        <image:title>Maahanmuuton prosentuaalinen osuus Yhdysvaltain väestönkasvusta, 1820–1998.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-12.jpg</image:loc>
        <image:title>Teollisuustuotannon palkat suhteutettuina Yhdysvaltain palkkatasoon, 1975–1979 ja 2012.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-14.jpg</image:loc>
        <image:title>Kustannuserot, erikoistuminen ja kauppa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-g.jpg</image:loc>
        <image:title>Omenasaaren Carlosin ja Vehnäsaaren Gretan tuotantomahdollisuuksien rajat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-a.jpg</image:loc>
        <image:title>Carlosin tuotanto
: Merkitään kuvion vasempaan kaavioon vehnän ja omenien yhdistelmät, jotka Carlos pystyy tuottamaan vuodessa. Jos hän tuottaa pelkkiä omenoita, hän saa sadoksi 10 000 omenaa. Sitä vastaa vaaka-akselin piste A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-b.jpg</image:loc>
        <image:title>Vehnään erikoistuminen
: Jos Carlos tuottaa pelkkää vehnää, hän saa 4 000 tonnin vehnäsadon. Sitä vastaa pystyakselin piste B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-c.jpg</image:loc>
        <image:title>Tuotantomahdollisuuksien raja
: Pisteiden A ja B välinen punainen suora on Carlosin tuotantomahdollisuuksien raja. Suora sisältää kaikki vehnän ja omenoiden yhdistelmät, jotka Carlos pystyy tuottamaan vuodessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-d.jpg</image:loc>
        <image:title>Carlosin päätös
: Carlos voi valita minkä tahansa yhdistelmän mahdollisuuksien rajalta tai sen alapuolelta. Hän voi esimerkiksi tuottaa 2 000 tonnia vehnää ja 5 000 omenaa (piste C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-e.jpg</image:loc>
        <image:title>Carlosin mahdollisuuksien joukko
: Carlos voi tuottaa missä tahansa origon ja mahdollisuuksien rajan välisessä pisteessä. Punainen ala on hänen mahdollisuuksien joukkonsa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-a-f.jpg</image:loc>
        <image:title>Gretan tuotantomahdollisuuksien raja
: Oikeanpuoleiseen kaavioon on piirretty Gretan tuotantomahdollisuuksien raja. Greta pystyy tuottamaan molempia hyödykkeitä Carlosta enemmän. Jos hän tuottaa vain jompaakumpaa, hän saa vuoden aikana sadoksi joko 12 500 omenaa tai 10 000 tonnia vehnää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-b-d.jpg</image:loc>
        <image:title>Omenasaaren Carlosin ja Vehnäsaaren Gretan hyötyä maksimoivat kulutuspäätökset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-b-a.jpg</image:loc>
        <image:title>Carlosin kulutusmahdollisuuksien raja
: Vasemmassa kaaviossa on Carlosin kulutusmahdollisuuksien raja. Se on sama kuin tuotantomahdollisuuksien raja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-b-b.jpg</image:loc>
        <image:title>Carlosin samahyötykäyrät
: Samahyötykäyrien muoto kuvaa Carlosin vehnää ja omenoita koskevia preferenssejä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-16-b-c.jpg</image:loc>
        <image:title>Korkein mahdollinen samahyötykäyrä
: Korkein mahdollinen samahyötykäyrä on se, joka sivuaa kulutusmahdollisuuksien rajaa. Carlos päättää kuluttaa vuodessa 2 500 tonnia vehnää ja 3 750 omenaa (piste D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-18-c.jpg</image:loc>
        <image:title>Kaupan ja erikoistumisen vaikutus kulutusmahdollisuuksien rajaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-18-a.jpg</image:loc>
        <image:title>Ennen erikoistumista ja kauppaa
: Kuvioon on piirretty Carlosin ja Gretan tuotantomahdollisuuksien rajat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-18-b.jpg</image:loc>
        <image:title>Erikoistuminen ja kauppa
: Punaiset katkoviivat havainnollistavat sitä, miten kulutusmahdollisuuksien rajat siirtyvät erikoistumisen ja kaupan ansiosta origosta poispäin. Oletamme, että vehnän suhteelliseksi hinnaksi tulee erikoistumisen ja kaupankäynnin jälkeen 2. (Luku on valittu satunnaisesti väliltä 1,25–2,5.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-19-c.jpg</image:loc>
        <image:title>Kaupan ja erikoistumisen vaikutus kulutusmahdollisuuksien rajaan, kun Greta määrää hinnan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-19-a.jpg</image:loc>
        <image:title>Tuotantomahdollisuuksien rajat
: Tuotantomahdollisuuksien rajat ovat aluksi samat kuin kuviossa 18.18.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-19-b.jpg</image:loc>
        <image:title>Kaupan jälkeen
: Greta määrää vehnän suhteelliseksi hinnaksi 2,25. Kummankin mahdollisuuksien joukko laajenee kaupan ansiosta, mutta Gretan laajenee enemmän. Kauppa ja erikoistuminen siis lisäävät sekä Carlosin että Gretan hyötyä mutta enemmän Gretan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/18-david_ricardo.jpg</image:loc>
        <image:title>David Ricardo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-mcq-05.jpg</image:loc>
        <image:title>Carlosin ja Gretan tuotantomahdollisuuksien rajat ja hyödyn maksimoivat vehnän ja omenoiden kulutusmäärät omavaraistaloudessa ilman kauppaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-mcq-07.jpg</image:loc>
        <image:title>Alexin ja Josén tuotantomahdollisuuksien rajoja appelsiineille ja meloneille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-20.jpg</image:loc>
        <image:title>Yhdysvaltain ja Kiinan kaupan voittajat ja häviäjät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-g.jpg</image:loc>
        <image:title>Erikoistumisen pitkän aikavälin vaikutus Yhdysvaltain työttömyyteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-a.jpg</image:loc>
        <image:title>Pitkän aikavälin työttömyysaste
: Alkutilanteessa talous on pisteessä A, jossa työttömyys U = 6 prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-b.jpg</image:loc>
        <image:title>Yhdysvallat erikoistuu lentokoneisiin
: Yhdysvalloilla on suhteellinen etu lentokonetuotannossa. Erikoistuminen parantaa työn keskimääräistä tuottavuutta, jolloin tuotos työntekijää kohti siirtyy ylöspäin. Samalla hinnanasetantakäyrä siirtyy ylöspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-c.jpg</image:loc>
        <image:title>Elektroniikkateollisuus irtisanoo työntekijöitä
: Yhdysvaltalaiskuluttajat ostavat nyt kiinalaisia DVD-soittimia. Jotkut elektroniikkateollisuudesta irtisanotut saavat uutta työtä lentokonetuotannosta. Työtä ei kuitenkaan riitä kaikille, koska tuotantokapasiteetti on rajallinen. Talous siirtyy pisteestä A pisteeseen B, ja työttömyys kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-d.jpg</image:loc>
        <image:title>Lentokonevalmistajat tekevät suuria voittoja
: Lentokonevalmistajat odottavat suuria voittoja myös tulevaisuudessa. Ne rakentavat uutta tuotantokapasiteettia, mikä lisää työn kysyntää. Lentokoneyhtiöt palkkaavat elektroniikkateollisuuden entisiä työntekijöitä. Talous siirtyy pisteestä B pisteeseen C, ja työttömyys laskee lähtötason alle neljään prosenttiin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-e.jpg</image:loc>
        <image:title>Työn kysyntä kasvaa
: Työn kysyntä vahvistaa työntekijöiden neuvotteluvoimaa, ja palkat nousevat. Prosessi päättyy, kun talous on siirtynyt hinnanasetantakäyrän ja palkanasetantakäyrän uuteen leikkauspisteeseen (piste D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-21-f.jpg</image:loc>
        <image:title>Palkanasetantakäyrän siirtyminen
: Palkanasetantakäyrä voi siirtyä myös siksi, että työntekijät vaativat työttömyyskorvauksen korotusta suojaamaan heitä erikoistumisen aiheuttamalta työpaikkakadolta. Jos käyrä siirtyy paljon, kokonaistyöllisyys saattaa vähetä. Esimerkiksi kuvion pisteessä E työttömyys olisi korkeampi kuin alkutilanteen pitkän aikavälin työttömyysaste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-qqZxJGW9B7M.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-22.jpg</image:loc>
        <image:title>Maailmantalouden poliittinen trilemma.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-LRDIejhdtYk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-18-23.jpg</image:loc>
        <image:title>Kiinniottajat ja paikallaan polkijat: teollisuustuotannon palkat suhteuttuina Yhdysvaltain palkkatasoon, 1950–2015.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-01-header.jpg</image:loc>
        <image:title>Vie nocturne à Shinjuku, Tokyo : Kevin Poh, https://goo.gl/kgS4Zi, sous licence CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-a.jpg</image:loc>
        <image:title>La crosse de hockey de l’Histoire
: Produit intérieur brut par tête dans cinq pays (1000–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-KMHaT_WUF54.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-c.jpg</image:loc>
        <image:title>Distribution du revenu mondial en 2014
: Les pays sont rangés par PIB par tête, de la gauche vers la droite. Pour chaque pays, les hauteurs des barres montrent le revenu moyen des déciles de la population, des 10 % les plus pauvres au premier plan au 10 % les plus riches à l’arrière-plan. La largeur de la barre correspond à la population du pays.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-d.jpg</image:loc>
        <image:title>Distribution du revenu mondial en 2014
: Les pays sont rangés par PIB par tête, de la gauche vers la droite. Pour chaque pays, les hauteurs des barres montrent le revenu moyen des déciles de la population, des 10 % les plus pauvres au premier plan au 10 % les plus riches à l’arrière-plan. La largeur de la barre correspond à la population du pays.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>Distribution du revenu mondial en 2014
: Les pays sont rangés par PIB par tête, de la gauche vers la droite. Pour chaque pays, les hauteurs des barres montrent le revenu moyen des déciles de la population, des 10 % les plus pauvres au premier plan au 10 % les plus riches à l’arrière-plan. La largeur de la barre correspond à la population du pays.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-a.jpg</image:loc>
        <image:title>Le plus riche et le plus pauvre
: À Singapour, le pays le plus riche situé le plus à droite sur le graphique, les revenus moyens des 10 % les plus riches et des 10 % les plus pauvres sont de 67 436 $ et 3 652 $, respectivement. Au Libéria, le pays le plus à gauche sur le graphique, les revenus correspondants sont 994 $ et 17 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-b.jpg</image:loc>
        <image:title>« Gratte-ciel »
: Les barres en forme de gratte-ciel à l’arrière-plan sur le graphique correspondent aux 10 % les plus riches dans quelques-uns des pays les plus riches.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-f.jpg</image:loc>
        <image:title>Les inégalités au sein des pays ont augmenté
: Les distributions du revenu sont devenues plus inégales dans de nombreux pays plus riches : quelques « gratte-ciel » très élevés sont apparus. Dans les pays à revenu intermédiaire, aussi, il y a une hausse marquée des revenus en arrière-plan : les revenus des 10 % les plus riches sont maintenant élevés comparativement au reste de la population.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/hockey-stick.jpg</image:loc>
        <image:title>Une crosse de hockey est un bâton droit, qui se termine par un coude prenant la forme d'une courbe inclinée vers le haut.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-f.jpg</image:loc>
        <image:title>La crosse de hockey de l’Histoire
: Des bouleversements culturels et scientifiques ont eu lieu à travers le monde au cours de toute la période représentée sur le graphique, toutefois les niveaux de vie n’ont commencé à croître durablement qu’à partir du 18e siècle. C’est pourquoi le graphique ressemble à une crosse de hockey ; notre attention est attirée par la palette de la crosse, qui forme un coude.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-a.jpg</image:loc>
        <image:title>Avant 1800, nous avons moins de points de données
: Pour la période antérieure à 1800, nous avons moins d’informations sur le PIB par tête, c’est pourquoi il y a moins de points de données sur cette partie de la figure.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-b.jpg</image:loc>
        <image:title>Une ligne est tracée pour joindre les points de données
: Pour chaque pays, les points de données montrés à l’étape précédente ont été reliés par des droites. Avant 1800, nous ne pouvons pas voir comment les niveaux de vie ont fluctué d’année en année.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-c.jpg</image:loc>
        <image:title>Grande-Bretagne
: Le coude de la crosse de hockey moins abrupt en Grande-Bretagne, où la croissance a démarré autour de 1650.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-d.jpg</image:loc>
        <image:title>Japon
: Au Japon, le coude est plus marqué et apparaît vers 1870.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-01-b-e.jpg</image:loc>
        <image:title>Chine et Inde
: Les coudes de la Chine et l’Inde sont apparus dans la seconde moitié du 20e siècle. Le PIB par tête de l’Inde a en fait chuté sous l’Empire colonial britannique. C’est également vrai pour la Chine à la même époque, quand les nations européennes dominaient la politique et l’économie chinoises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/01-adam-smith.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-03.jpg</image:loc>
        <image:title>Lumen-heures par heure de travail (il y a 100 000 ans, jusqu’à aujourd’hui).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-04.jpg</image:loc>
        <image:title>Vitesse de transmission de l’information (1000–1865).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-05.jpg</image:loc>
        <image:title>L’économie fait partie de la société, qui fait partie de la biosphère.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-06-a.jpg</image:loc>
        <image:title>Dioxyde de carbone dans l’atmosphère (1010–2010) et émissions mondiales de carbone par combustion d’énergies fossiles (1750–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-06-b.jpg</image:loc>
        <image:title>Températures dans l’hémisphère Nord à long terme (1000–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-07.jpg</image:loc>
        <image:title>Citation du mot « capitalisme » dans les articles du New York Times (1851–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-08.jpg</image:loc>
        <image:title>Une économie capitaliste ajoute des entreprises à une économie de marché reposant sur des entreprises familiales et la propriété privée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-10.jpg</image:loc>
        <image:title>Le PIB de l’Allemagne de l’Ouest a crû plus vite que celui de l’Allemagne de l’Est entre 1950 et 1989.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-11.jpg</image:loc>
        <image:title>Entre 1928 et 2015, le PIB de la Corée du Sud a crû bien plus vite que celui de l’Argentine, de la Russie (ex-URSS), du Brésil, du Bostwana et du Nigéria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-12.jpg</image:loc>
        <image:title>L’économie des ménages et des entreprises dépend d’une biosphère saine et de la stabilité de leur environnement physique.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/11.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-11-header.jpg</image:loc>
        <image:title>Borsa di Santiago del Cile: CORE</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-01.jpg</image:loc>
        <image:title>Potere contrattuale e prezzi nel mercato all’ingrosso del pesce in Kerala (14 gennaio 1997). (Nota: due mercati ebbero lo stesso prezzo di 4Rs per kg.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/11-friedrich-hayek.jpg</image:loc>
        <image:title>Friedrich Hayek</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-g.jpg</image:loc>
        <image:title>Un aumento della domanda in un mercato concorrenziale crea l’opportunità di ottenere una rendita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-a.jpg</image:loc>
        <image:title>Equilibrio
: Nel punto A, il mercato è in equilibrio e il prezzo è 8 $. La curva di offerta coincide con la curva del costo marginale, perciò il costo marginale di produrre un cappello è 8 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-b.jpg</image:loc>
        <image:title>Uno shock esogeno della domanda
: Lo shock sposta la curva di domanda a destra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-c.jpg</image:loc>
        <image:title>Si determina un eccesso di domanda
: Al prezzo corrente, il numero di cappelli domandati è superiore al numero di cappelli prodotti (punto D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-d.jpg</image:loc>
        <image:title>Il prezzo aumenta
: Dopo l’aumento della domanda, un rivenditore di cappelli si rende conto di avere più clienti e capisce che può aumentare i profitti fissando un prezzo più alto. Potrebbe vendere lo stesso numero di cappelli a qualsiasi prezzo tra A e B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-e.jpg</image:loc>
        <image:title>Aumenta la quantità
: La quantità non è cambiata ma il prezzo è maggiore, e quindi eccede il costo marginale di un cappello. Per fare ancora meglio il venditore potrebbe aumentare anche la quantità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-02-f.jpg</image:loc>
        <image:title>Un nuovo equilibrio
: La ricerca di una rendita da parte dei venditori ha determinato il raggiungimento di un nuovo equilibrio nel mercato dei cappelli, rappresentato dal punto C, dove prezzo e quantità sono aumentati.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-03.jpg</image:loc>
        <image:title>Risultati sperimentali di Vernon Smith.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-exercise-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-04.jpg</image:loc>
        <image:title>Il rapporto prezzo-quantità per un singolo acquirente nel mercato ittico di Ancona.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-05.jpg</image:loc>
        <image:title>Il rapporto aggregato prezzo-quantità nel mercato di Ancona.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-06-d.jpg</image:loc>
        <image:title>Il mercato del pane nel breve e nel lungo periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-06-a.jpg</image:loc>
        <image:title>L’equilibrio di breve periodo
: Inizialmente ci sono 50 panifici. Il mercato si trova in A, un punto di equilibrio di breve periodo. Il prezzo di un kg di pane è 2 € e i profitti dei panifici eccedono il livello normale. Data la presenza di una rendita, altri panifici entreranno nel mercato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-06-b.jpg</image:loc>
        <image:title>L’ingresso di nuove imprese
: Quando nuove imprese entrano nel mercato, la curva di offerta si sposta a destra, e il nuovo equilibrio è nel punto B. Il prezzo è diminuito fino a 1,75 €. Ci sono più panifici che vendono una maggiore quantità complessiva di pane, ma ognuno di essi produce meno di prima e guadagna profitti inferiori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-06-c.jpg</image:loc>
        <image:title>Il prezzo è ancora superiore al costo medio
: In B i panifici stanno ancora guadagnando profitti superiori al normale. Questo è ancora un equilibrio di breve periodo, perché vi sono altre imprese che vogliono entrare nel mercato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-07.jpg</image:loc>
        <image:title>
: I prezzi del petrolio nel mondo a prezzi costanti (1865–2014) e consumo globale di petrolio (1965–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-08-e.jpg</image:loc>
        <image:title>Il mercato mondiale del petrolio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-08-a.jpg</image:loc>
        <image:title>L’offerta dei paesi OPEC
: I membri dell’OPEC possono facilmente aumentare la produzione nei limiti della loro capacità, senza aumentare il loro costo marginale c. Le quote limitano la produzione totale dei paesi OPEC a .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-08-b.jpg</image:loc>
        <image:title>L’offerta dei paesi non OPEC
: I paesi non-OPEC possono produrre petrolio allo stesso costo marginale c finché non arrivano in prossimità del loro limite di capacità, oltre il quale il costo marginale aumenta rapidamente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-08-c.jpg</image:loc>
        <image:title>La curva di offerta mondiale
: L’offerta totale mondiale in corrispondenza di ciascun prezzo è la somma della produzione dei paesi OPEC e dei paesi non OPEC (somma orizzontale).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-08-d.jpg</image:loc>
        <image:title>Il prezzo del petrolio di equilibrio
: La curva di domanda è ripida: la domanda mondiale è inelastica nel breve periodo. In equilibrio il prezzo è  e il consumo totale di petrolio  è pari a .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-09.jpg</image:loc>
        <image:title>Gli shock del prezzo del petrolio negli anni Settanta: i paesi OPEC riducono la produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-10.jpg</image:loc>
        <image:title>Il prezzo del petrolio nel periodo 2000–2008: la crescita economica fa aumentare la domanda mondiale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-11.jpg</image:loc>
        <image:title>
: Prezzo delle azioni di News Corp e volume scambiato (7 maggio 2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-12-d.jpg</image:loc>
        <image:title>
: Buone notizie sulla profittabilità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-12-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: Inizialmente il mercato è in equilibrio in A: 6.000 azioni sono vendute ogni ora al prezzo di 16,50 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-12-b.jpg</image:loc>
        <image:title>Buone notizie sulla profittabilità
: Il diffondersi di notizie positive sulla futura profittabilità di News Corp fa traslare sia la curva di domanda …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-12-c.jpg</image:loc>
        <image:title>Buone notizie sulla profittabilità
: … sia la curva di offerta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-do0yzpMrOn4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-14.jpg</image:loc>
        <image:title>
: Bolla delle dot-com: Nasdaq Composite Index (1995–2004).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-15-d.jpg</image:loc>
        <image:title>L’inizio di una bolla nelle azioni di Flying Car Corp.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-15-a.jpg</image:loc>
        <image:title>Il prezzo iniziale
: Inizialmente il prezzo di un’azione in una società chiamata Flying Car Corp è 50 $, sulla curva di domanda più bassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-15-b.jpg</image:loc>
        <image:title>La risposta alle buone notizie
: Quando i potenziali investitori ricevono una buona notizia sulla profittabilità attesa futura, la curva di domanda si sposta a destra e il prezzo aumenta a 60 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-15-c.jpg</image:loc>
        <image:title>L’effetto di un aumento di prezzo
: I potenziali acquirenti trattano l’aumento di prezzo come un’ulteriore buona notizia. La curva di domanda si sposta a destra semplicemente perché è aumentato il prezzo, che cresce ancora fino a 70 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-16.jpg</image:loc>
        <image:title>
: Feedback positivo e negativo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-17-e.jpg</image:loc>
        <image:title>
: Un equilibrio stabile nel mercato delle azioni FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-17-a.jpg</image:loc>
        <image:title>Il prezzo di equilibrio
: Il grafico di sinistra mostra le curve di offerta e domanda in un mercato in cui il prezzo di equilibrio è . La curva della dinamica del prezzo (CDP) a destra mostra che quando il prezzo nel periodo  è , il prezzo nel periodo  sarà invariato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-17-b.jpg</image:loc>
        <image:title>Uno shock
: Immaginiamo che, a seguito di una temporanea caduta nella domanda, il prezzo delle azioni scenda a : si ha un eccesso di offerta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-17-c.jpg</image:loc>
        <image:title>La dinamica del prezzo
: La CDP mostra che se il prezzo in questo periodo è , allora sarà  nel prossimo periodo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-17-d.jpg</image:loc>
        <image:title>Le valutazioni degli investitori smorzano la dinamica del prezzo
: Dato che la CDP ha un’inclinazione minore di 45°,  è più vicino all’equilibrio rispetto a . Gli investitori sono influenzati dalla loro valutazioni sul valore fondamentale di FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-18.jpg</image:loc>
        <image:title>
: Un equilibrio instabile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-19.jpg</image:loc>
        <image:title>
: Il crollo del prezzo delle azioni FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-21.jpg</image:loc>
        <image:title>
: Eccesso di domanda per i biglietti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-h.jpg</image:loc>
        <image:title>
: Affitti e rendite economiche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: Inizialmente il mercato è in equilibrio con 8.000 abitazioni locate a un canone di 500 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-b.jpg</image:loc>
        <image:title>Un aumento della domanda
: Immaginiamo che ci sia un aumento della domanda di abitazioni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-c.jpg</image:loc>
        <image:title>Il canone di locazione aumenta
: L’offerta di abitazioni in affitto è inelastica, almeno nel breve periodo. Il nuovo canone che porta il mercato in equilibrio, 830 €, è molto più elevato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-d.jpg</image:loc>
        <image:title>Un tetto agli affitti
: Le autorità cittadine impongono un tetto di 500 € ai canoni di locazione. I padroni di casa continueranno a fornire 8.000 abitazioni e ci sarà domanda in eccesso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-e.jpg</image:loc>
        <image:title>Il lato corto del mercato
: Quando un prezzo sta sotto il livello di equilibrio del mercato, il lato dell’offerta è detto lato corto del mercato. È questo il lato che determina il numero di abitazioni locate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-f.jpg</image:loc>
        <image:title>Alcune persone pagherebbero molto di più
: Ci sono 12.000 persone nel lato lungo del mercato. Solo 8.000 ottengono un’abitazione. Ci sono 8.000 persone disposte a pagare 1.100 € o più, ma le abitazioni non sono necessariamente date a chi ha più disponibilità a pagare.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-11-22-g.jpg</image:loc>
        <image:title>Un mercato secondario
: Se fosse legale, alcuni inquilini potrebbero subaffittare la loro abitazione a 1.100 €, ottenendo una rendita economica di 600 € (la differenza tra 1.100 € e 500 €).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Alexein preferenssit kaaviona.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>¿Cómo afecta la cantidad de tiempo dedicado al estudio la calificación de Alexei?
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>Comment la quantité de temps libre d’Alexei affecte-t-elle sa note finale ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-04-01-02.jpg</image:loc>
        <image:title>La frontière des possibles  et le taux marginal de transformation correspondant.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/07.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-07-header.jpg</image:loc>
        <image:title>Pubblicità della Ford, 1955: per gentile concessione della Ford Motor Company; fotografia di Don O’Brien, https://goo.gl/0qfEU7</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-01.jpg</image:loc>
        <image:title>Dimensione di impresa negli Stati Uniti: numero di dipendenti (1900–2006).
: Dimensione di impresa negli Stati Uniti: numero di dipendenti (1900–2006).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-02.jpg</image:loc>
        <image:title>La decisione dell’impresa.
: La decisione dell’impresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-03.jpg</image:loc>
        <image:title>Stima della domanda di cereali Cheerios.
: Stima della domanda di cereali Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-a.jpg</image:loc>
        <image:title>Curve di isoprofitto per la produzione di Cheerios mela e cannella (i dati riportati sono meramente illustrativi e non riflettono la profittabilità reale del prodotto).
: Curve di isoprofitto per la produzione di Cheerios mela e cannella.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-b.jpg</image:loc>
        <image:title>Curva di isoprofitto: 60.000 $
: La curva più lontana dall’origine indica tutte le possibili combinazioni associate ad un profitto di 60.000 $. È possibile realizzare 60.000 $ di profitto vendendo 60.000 libbre a 3 $, 20.000 a 5 $, 10.000 a 8 $, e così via.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-c.jpg</image:loc>
        <image:title>Curva di isoprofitto: 34.000 $
: La curva di isoprofitto mostra tutte le combinazioni di P e Q per le quali il profitto è uguale a 34.000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-d.jpg</image:loc>
        <image:title>Curva di isoprofitto: 23.000 $
: Le curve di isoprofitto più vicine all’origine sono associate a livelli più bassi di profitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-e.jpg</image:loc>
        <image:title>Curva di isoprofitto: 10.000 $
: Il costo di una libbra di Cheerios è di 2 $, per cui il profitto è uguale a (P – 2) × Q). La curva di isoprofitto sarà decrescente: infatti, per realizzare un profitto di 10.000 $ con una quantità Q minore di 8.000 serve un prezzo P sufficientemente elevato, ma se Q = 80.000 è possibile ottenere lo stesso profitto con un P più basso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-04-f.jpg</image:loc>
        <image:title>Profitto nullo
: La linea orizzontale in corrispondenza di un prezzo pari al costo unitario indica le scelte di prezzo e quantità associate ad un profitto nullo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-a-d.jpg</image:loc>
        <image:title>La combinazione prezzo/quantità ottimale, che massimizza i profitti dei Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-a-a.jpg</image:loc>
        <image:title>La scelta che massimizza il profitto
: Il manager sceglierà una combinazione di $P$ e di $Q$ nell’insieme possibile che gli consente di raggiungere la curva di isoprofitto più elevata.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-a-b.jpg</image:loc>
        <image:title>Profitti nulli
: La curva di profitto più bassa è un retta orizzontale, e indica le combinazioni di prezzo e quantità corrispondenti a un livello di profitti pari a zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-a-c.jpg</image:loc>
        <image:title>Il vincolo della curva di domanda
: Il manager sceglierà una combinazione di prezzo e quantità lungo la curva di domanda. Un punto al di sotto di essa, ad esempio 8.000 libbre di cereali al prezzo di 3\,$, è una combinazione possibile, ma non è ottimale perché si potrebbero conseguire profitti maggiori offrendo la stessa quantità ad un prezzo più alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-g.jpg</image:loc>
        <image:title>La combinazione prezzo/quantità ottimale, che massimizza i profitti dei Cheerios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-a.jpg</image:loc>
        <image:title>La funzione di profitto
: Possiamo calcolare il livello di profitto associato ad ogni punto sulla curva di domanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-b.jpg</image:loc>
        <image:title>La funzione di profitto
: Quando la quantità è bassa, lo sono anche i profitti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-c.jpg</image:loc>
        <image:title>All’aumentare dei profitti
: Anche i profitti aumentano …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-d.jpg</image:loc>
        <image:title>Il punto E
: … fino al punto E, dove i profitti sono massimi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-e.jpg</image:loc>
        <image:title>Oltre il punto E
: I profitti diminuiscono.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-05-b-f.jpg</image:loc>
        <image:title>Profitti nulli
: I profitti diminuiscono fino a diventare nulli quando il prezzo è uguale al costo unitario di 2 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-g.jpg</image:loc>
        <image:title>Funzioni di costo totale e di costo medio della Motori Lusso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-a.jpg</image:loc>
        <image:title>Funzione di costo
: Nel grafico in alto, la funzione di costo totale C(Q) che indica come variano i costi al variare della quantità Q.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-b.jpg</image:loc>
        <image:title>Costi fissi
: Ci sono costi che non variano con la quantità prodotta, come ad esempio gli investimenti in macchinari; tali costi, di ammontare F, sono detti costi fissi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-c.jpg</image:loc>
        <image:title>I costi totali sono crescenti
: All’aumentare di Q, i costi totali aumentano e l’impresa deve impiegareun maggior numero di lavoratori. In A, si producono Q0 = 20 autovetture al costo C0 = 80.000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-d.jpg</image:loc>
        <image:title>Il costo medio
: Se l’impresa produce 20 autovetture al giorno, il costo medio si calcola dividendo C0 per Q0, ed è rappresentato graficamente dalla pendenza della retta AO. Il costo medio è dunque 80.000/20 = 4.000 $. Nel grafico in basso, indichiamo il costo medio nel punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-e.jpg</image:loc>
        <image:title>Costo medio decrescente
: All’aumentare della quantità, i costi totali salgono ma il costo medio diminuisce. In B, corrispondente ad una produzione di 40 autovetture, i costi totali sono di 136.000 $, ma il costo medio è sceso a 3.400 $ perché i costi fissi sono ripartiti su un maggior numero di autovetture.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-06-f.jpg</image:loc>
        <image:title>Costo medio crescente
: Il costo medio minimo si ha in B. Infatti, all’aumento della produzione oltre il punto B, la retta uscente dall’origine diventa gradualmente più ripida. In D, il costo medio è salito a 3.600 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-h.jpg</image:loc>
        <image:title>Il costo marginale per produrre un’automobile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-a.jpg</image:loc>
        <image:title>Costo totale, costo medio e costo marginale
: Il grafico superiore mostra la funzione di costo. Quello inferiore la curva del costo medio. Disegneremo nella parte inferiore anche la curva del costo marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-b.jpg</image:loc>
        <image:title>Il costo totale
: Supponiamo che nel punto A l’impresa produca 20 autovetture. Il costo totale sarà di 80.000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-c.jpg</image:loc>
        <image:title>Il costo marginale
: Il costo marginale è il costo che si sostiene per incrementare l’output da 20 a 21 unità; indichiamo questo valore con  = 2.200 $. Il triangolo in A mostra che il costo marginale è uguale alla pendenza della funzione di costo in quel punto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-d.jpg</image:loc>
        <image:title>Il costo marginale in A
: Riportiamo il costo marginale nel grafico inferiore, nel punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-e.jpg</image:loc>
        <image:title>Il costo marginale in D
: Nel punto D, in cui Q = 60, la funzione di costo è più ripida e il costo marginale è più elevato:  = 4.600 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-f.jpg</image:loc>
        <image:title>Il costo marginale in B
: Nel punto B la curva è più ripida che in A ma più piatta che in D: il costo marginale è 3.400 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-07-g.jpg</image:loc>
        <image:title>La funzione di costo
: Osserviamo la forma della curva di costo totale. Per Q = 0 la funzione di costo è piatta e dunque il costo marginale è basso. All’aumentare di Q, la curva diventa più ripida e il costo marginale cresce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-08-e.jpg</image:loc>
        <image:title>Curve del costo marginale e del costo medio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-08-a.jpg</image:loc>
        <image:title>Costo medio e costo marginale
: Il grafico mostra la curva del costo medio CM e quella del costo marginale CMg.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-08-b.jpg</image:loc>
        <image:title>Quando Q = 20 abbiamo CMg &lt; CM
: Nel punto A, in corrispondenza del quale , il costo medio è di 4.000 $, mentre il costo marginale è di 2.200 $. Quindi, producendo 21 autovetture, il costo medio diminuisce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-08-c.jpg</image:loc>
        <image:title>La curva del costo medio è inclinata negativamente se CM &gt; CMg
: Quando CM &gt; CMg, un aumento della produzione riduce il costo medio. La curva CM risulta dunque decrescente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-08-d.jpg</image:loc>
        <image:title>La curva del costo demedio è inclinata positivamente se CM &lt; CMg
: In D, dove Q = 60, il costo medio è di 3.600 $, ma il costo per produrre un’ulteriore automobile è di 4.600 $. Dunque, un aumento della produzione aumenta il costo medio. Se CM &lt; CMg, la curva del costo medio è crescente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-09.jpg</image:loc>
        <image:title>Domanda giornaliera di automobili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-f.jpg</image:loc>
        <image:title>Curve di isoprofitto della Motori Lusso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-a.jpg</image:loc>
        <image:title>La curva di profitto economico nullo
: La curva in azzurro più chiaro rappresenta il costo medio. Se P = CM, i profitti economici sono nulli. Quindi, tale curva è anche una curva di isoprofitto, quella corrispondente ad un livello di profitti economici pari a zero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-b.jpg</image:loc>
        <image:title>La curva di profitto economico nullo
: La Motori Lusso ha costi medi decrescenti quando Q &lt; 40 e crescenti per Q &gt; 40. Quando Q è piccolo, serve un prezzo elevato per non operare in perdita. Se Q = 40 il prezzo minimo per non avere profitti negativi è di 3.400 $. Per Q &gt; 40, invece, è necessario un prezzo più elevato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-c.jpg</image:loc>
        <image:title>CM e CMg
: La Motori Lusso ha costi marginali crescenti. Ricordiamo che CM è decrescente se CM &gt; CMg e crescente se CM &lt; CMg. Le curve si intersecano in B, dove il costo medio è minimo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-d.jpg</image:loc>
        <image:title>Curva di isoprofitto 150.000 $
: Le curve in azzurro più scuro mostrano le combinazioni di P e Q che generano livelli di profitto più elevati; i punti G e K generano lo stesso profitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-10-e.jpg</image:loc>
        <image:title>Profitto = Q(P - CM)
: In G l’impresa produce 23 autovetture, il prezzo è di 6.820 $  e il costo medio di 3.777 $. Il profitto unitario è dunque di 3.043 $ , mentre quello totale è di 70.000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-11.jpg</image:loc>
        <image:title>La scelta ottima per la Motori Lusso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-a-e.jpg</image:loc>
        <image:title>Calcolare il ricavo marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-a-a.jpg</image:loc>
        <image:title>I ricavi per Q = 20
: Quando Q = 20, il prezzo è 6.400 $  e i ricavi sono 6.400 $ × 20, rappresentati dall’area del rettangolo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-a-b.jpg</image:loc>
        <image:title>I ricavi per Q = 21
: Se la quantità aumenta a 21, il prezzo scende a 6.320 $; la variazione è dunque ΔP = –80 $. I ricavi per Q = 21 sono rappresentati dall’area del nuovo rettangolo 6.320 $  × 21.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-a-c.jpg</image:loc>
        <image:title>Il ricavo marginale se Q = 20
: Il ricavo marginale è la differenza tra le due aree. La tabella mostra che i ricavi aumentano quando $Q$ passa da 20 a 21; il ricavo marginale per Q = 20  è 4.720 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-a-d.jpg</image:loc>
        <image:title>Perché RMg &gt; 0?
: L’aumento dei ricavi totali si spiega osservando che l’incasso di 6.320 $  che deriva dalla 21ª automobile compensa la rinuncia di 80 $ su ciascuna delle altre 20 (20 x 80 $ = 1.600 $).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-i.jpg</image:loc>
        <image:title>Ricavo marginale, costo marginale e profitti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-a.jpg</image:loc>
        <image:title>Domanda e costo marginale
: In alto, la curva di domanda; al centro, il costo marginale. Nel punto A, dove Q = 10 e P = 7.200 $ , i ricavi sono di 72.000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-b.jpg</image:loc>
        <image:title>Ricavo marginale
: Il ricavo marginale in A è la differenza fra le aree dei due rettangoli: RMg = 6.320 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-c.jpg</image:loc>
        <image:title>Il ricavo marginale se Q = 20
: Il ricavo marginale quando Q = 20 e P = 6.400 $ è di 4.880 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-d.jpg</image:loc>
        <image:title>Muovendosi lungo la curva di domanda
: Muovendosi lungo la curva di domanda, P e RMg scendono.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-e.jpg</image:loc>
        <image:title>RMg &lt; 0
: Nel punto D, il guadagno dalla vendita di un’automobile in più non compensa la diminuzione di prezzo: il ricavo marginale è negativo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-f.jpg</image:loc>
        <image:title>La curva di ricavo marginale
: La curva del ricavo marginale si ottiene unendo i punti nel grafico di mezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-g.jpg</image:loc>
        <image:title>RMg &gt; CMg
: RMg e CMg si intersecano nel punto E, dove Q = 32. Invece,  per Q minore di 32 si ha RMg &gt; CMg: il ricavo dalla vendita di un’altra automobile è maggiore del suo costo, dunque conviene aumentare la produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-12-b-h.jpg</image:loc>
        <image:title>RMg &lt; CMg
: Quando Q &gt; 32, RMg &lt; CMg: il ricavo dalla vendita di un’automobile aggiuntiva è minore del suo costo, quindi conviene ridurre la produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-g.jpg</image:loc>
        <image:title>I guadagni dallo scambio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-a.jpg</image:loc>
        <image:title>I guadagni dallo scambio
: Se l’impresa sceglie la combinazione ottima P* = 5.440 $  e Q* = 32, il 32° consumatore, la cui disponibilità a pagare è 5.440 $, sarà indifferente tra acquistare o no, e il suo surplus sarà nullo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-b.jpg</image:loc>
        <image:title>Una maggiore disponibilità a pagare
: Altri consumatori sarebbero disposti a pagare di più: il 10° consumatore, che pagherebbe fino a 7.200 $, realizza un surplus di 1.760 $, rappresentato dal segmento verticale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-c.jpg</image:loc>
        <image:title>Quanto sarebbe stato disposto a pagare il 15° consumatore?
: Il 15° consumatore è disponibile a pagare fino a 6.800 $ e realizza un surplus di 1.360 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-d.jpg</image:loc>
        <image:title>Il surplus del consumatore
: Il surplus del consumatore, ottenuto sommando i surplus individuali, è rappresentato dall’area del triangolo tra la domanda e il prezzo P*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-e.jpg</image:loc>
        <image:title>Il surplus del produttore per la 20ª automobile
: Il costo marginale della 20ª automobile è di 2.000 $: vendendola a 5.440 $, l’impresa realizza un guadagno di 3.440 $, rappresentato dal segmento verticale tra  e la curva del costo marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-13-f.jpg</image:loc>
        <image:title>Il surplus del produttore
: Il surplus del produttore, dato dalla somma dei surplus per ogni singola automobile, è rappresentato dall’area ombreggiata color porpora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-14-e.jpg</image:loc>
        <image:title>La perdita secca.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-14-a.jpg</image:loc>
        <image:title>Guadagni dallo scambio non sfruttati
: Nel punto E, nel quale l’impresa massimizza i profitti, vi sono spazi per ulteriori guadagni dallo scambio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-14-b.jpg</image:loc>
        <image:title>L’allocazione efficiente
: Supponiamo che l’impresa scelga F: qui il prezzo P0 è uguale al costo marginale. Questa allocazione è efficiente perché non sono possibili ulteriori guadagni per entrambe le parti: per aumentare il surplus del consumatore l’impresa dovrebbe diminuire il prezzo portandolo al di sotto del costo marginale, ma ciò porterebbe ad una diminuzione del surplus del produttore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-14-c.jpg</image:loc>
        <image:title>Il surplus del consumatore aumenta
: Il surplus del consumatore è maggiore in F che in E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-14-d.jpg</image:loc>
        <image:title>Un maggiore surplus totale
: Il surplus del produttore è minore in F che in E, ma il surplus totale è maggiore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-15-e.jpg</image:loc>
        <image:title>Elasticità della domanda di automobili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-15-a.jpg</image:loc>
        <image:title>Domanda lineare
: Lungo tutta la curva domanda, se Q aumenta di 1, P varia di ΔP = −80 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-15-b.jpg</image:loc>
        <image:title>Elasticità in A
: Nel punto A, se ΔQ = 1, la variazione percentuale di Q è pari a 100 × 1/20 = 5%. Poiché ΔP = −80 $, la variazione percentuale del prezzo è 100 × (-80)/6.400 = −1,25%, e l’elasticità è quindi pari a 4,00.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-15-c.jpg</image:loc>
        <image:title>L’elasticità in B è più bassa
: Nel punto B, la quantità è più alta e il prezzo è più basso. Per questo motivo, le variazioni percentuali si abbassano per la quantità e si alzano per il prezzo: l’elasticità scende a 1,50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-15-d.jpg</image:loc>
        <image:title>Se Q aumenta, l’elasticità diminuisce
: L’elasticità vale meno di uno in C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-16.jpg</image:loc>
        <image:title>Domanda elastica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-17.jpg</image:loc>
        <image:title>Domanda rigida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-mcq-15.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-18.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/07-augustin-cournot.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-07-21.jpg</image:loc>
        <image:title>Spese di pubblicità e quota di mercato dei produttori di cereali a Chicago (1991-92).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-08-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Kirjojen kysynnän kasvu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Leivän tarjonnan kasvu: rajakustannus laskee.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-01-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-01-02-02.svg</image:loc>
        <image:title>The production function y = 30h0.4 and the corresponding marginal product.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/14.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-14-header.jpg</image:loc>
        <image:title>Heatpipe tunnel Copenhagen: Bill Ebbesen, https://goo.gl/dYuIr7, licensed under CC BY 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-01.jpg</image:loc>
        <image:title>Fluttuazioni della produzione e dimensione del governo negli Stati Uniti (1870–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-02-c.jpg</image:loc>
        <image:title>La funzione del consumo aggregato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-02-a.jpg</image:loc>
        <image:title>Il consumo autonomo
: È l’ammontare fisso che le famiglie spenderanno indipendentemente dal proprio attuale livello di reddito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-02-b.jpg</image:loc>
        <image:title>Il consumo che dipende dal reddito
: La retta crescente indica la parte dei consumi che dipende dal reddito  (e di conseguenza dal prodotto) corrente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-03.jpg</image:loc>
        <image:title>Fiducia e consumo delle famiglie negli Stati Uniti durante la crisi finanziaria globale (2008 Q1 – 2009 Q4).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-04-d.jpg</image:loc>
        <image:title>Equilibrio nel mercato dei beni: il grafico del moltiplicatore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-04-a.jpg</image:loc>
        <image:title>L’equilibrio nel mercato dei beni
: Il punto A rappresenta un possibile equilibrio nel mercato dei beni:  a meno di cambiamenti nelle scelte di spesa il sistema manterrà quel livello di produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-04-b.jpg</image:loc>
        <image:title>La bisettrice
: La retta a 45° mostra tutte le combinazioni nelle quali la produzione è uguale alla domanda aggregata, ovvero tutte le possibili combinazioni di equilibrio nel mercato dei beni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-04-c.jpg</image:loc>
        <image:title>I consumi aggregati
: La prima componente della domanda aggregata sono i consumi, rappresentati dalla retta introdotta nella figura 14.2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-i.jpg</image:loc>
        <image:title>Il moltiplicatore in azione: una recessione causata da una riduzione degli investimenti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-a.jpg</image:loc>
        <image:title>L’equilibrio del mercato dei beni
: L’economia inizialmente si trova nel punto A, nel quale il mercato dei beni si trova in equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-b.jpg</image:loc>
        <image:title>Una riduzione degli investimenti
: Una riduzione degli investimenti fa diminuire la domanda aggregata di 1,5 miliardi di euro; di conseguenza l’economia trasla verso il basso dal punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-c.jpg</image:loc>
        <image:title>Le imprese reagiscono
: Riducendosi la domanda, le imprese tagliano la produzione e l’occupazione. Il reddito diminuisce di un ammontare equivalente, rappresentato dallo passaggio dal punto B al punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-d.jpg</image:loc>
        <image:title>La riduzione dei consumi
: Le famiglie subiscono una riduzione dei redditi e molte di esse, avendo limitato accesso al credito, riducono i consumi. L’equazione del consumo mostra che questo comportamento porta ad una riduzione iniziale del consumo aggregato pari a 0,6 volte la riduzione del reddito, pari alla distanza fra il punto C e il punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-e.jpg</image:loc>
        <image:title>Le imprese reagiscono ancora
: Le imprese reagiscono tagliando la produzione: l’output diminuisce e l’economia si muove dal punto D al punto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-f.jpg</image:loc>
        <image:title>… e così via
: Il processo prosegue fino a quando l’economia raggiunge il punto Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-g.jpg</image:loc>
        <image:title>La nuova retta della domanda aggregata
: Passa per il punto Z e individua il nuovo equilibrio dell’economia determinato dallo shock iniziale degli investimenti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-05-h.jpg</image:loc>
        <image:title>La riduzione complessiva dell’output
: La riduzione totale della produzione a seguito dello shock eccede quindi l’iniziale diminuzione degli investimenti; la produzione è infatti diminuita di 3,75 miliardi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-mcq-02.jpg</image:loc>
        <image:title>Il mercato aggregato dei beni quando gli investimenti aumentano di 2 mld di euro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-06-d.jpg</image:loc>
        <image:title>La domanda aggregata durante la Grande depressione: il moltiplicatore e i processi di feedback positivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-06-a.jpg</image:loc>
        <image:title>Il 1929
: Il punto A rappresenta la situazione iniziale dell’economia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-06-b.jpg</image:loc>
        <image:title>La caduta degli investimenti
: Provoca una traslazione della curva della domanda aggregata dal livello pre-crisi a quello di crisi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-06-c.jpg</image:loc>
        <image:title>Una “normale” recessione
: Se fosse una recessione normale, l’economia si sposterebbe nel punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-h.jpg</image:loc>
        <image:title>Ricchezza della famiglia: concetti chiave.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-a.jpg</image:loc>
        <image:title>I redditi da lavoro futuri attesi
: Sono rappresentati dal rettangolo arancione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-b.jpg</image:loc>
        <image:title>La ricchezza finanziaria
: È rappresentata dal rettangolo verde.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-c.jpg</image:loc>
        <image:title>Il valore netto dell’abitazione di proprietà della famiglia
: È rappresentata dal rettangolo blu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-d.jpg</image:loc>
        <image:title>La ricchezza compessiva della famiglia
: È la somma dei tre rettangoli.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-e.jpg</image:loc>
        <image:title>Le famiglie possono avere anche un debito
: Questo è rappresentato dal rettangolo rosso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-f.jpg</image:loc>
        <image:title>Il patrimonio netto della famiglia
: È dato dalla somma delle attività materiali (ricchezza finanziaria e valore dell’abitazione, non consideriamo dunque i guadagni futuri) al netto del debito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-07-g.jpg</image:loc>
        <image:title>Il valore dell’abitazione
: Il valore netto dell’abitazione è dato dal valore dell’abitazione meno il mutuo (debito) che la famiglia ancora deve alla banca.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-08-c.jpg</image:loc>
        <image:title>La Grande depressione: le famiglie riducono i consumi per ristabilire la loro ricchezza obiettivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-08-a.jpg</image:loc>
        <image:title>Prima della Depressione
: Le famiglie stavano prendendo decisioni di consumo in linea con le loro aspettative riguardo al proprio patrimonio netto e i ricavi da lavoro futuri. Questo è evidenziato dal fatto che la ricchezza totale è uguale alla ricchezza obiettivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-08-b.jpg</image:loc>
        <image:title>La Depressione
: Alla fine del 1929 (colonna B) la recessione aveva mutato le aspettative.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-09-e.jpg</image:loc>
        <image:title>Investimenti, tasso di profitto atteso e tasso di interesse in un economia con due imprese.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-09-a.jpg</image:loc>
        <image:title>L’impresa A
: L’impresa A ha a disposizione tre progetti di investimento, diversi per dimensione e profitto atteso. Sono mostrati in ordine decrescente rispetto al tasso di profitto atteso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-09-b.jpg</image:loc>
        <image:title>L’impresa B
: Anche l’impresa B ha a disposizione tre progetti di investimento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-09-c.jpg</image:loc>
        <image:title>La decisione di investimento
: Con un tasso di interesse del 5%, l’impresa A realizza il progetto 1 mentre l’impresa B non realizza alcun progetto. Se invece il tasso di interesse fosse del 2%, l’impresa A sceglierebbe sia il progetto 1 che il progetto 2, e B sceglierebbe tutti e tre i suoi progetti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-09-d.jpg</image:loc>
        <image:title>La decisione di investimento nell’aggregato
: Il grafico in basso aggrega i potenziali investimenti delle due imprese, ordinandoli sempre in base al proprio tasso di profitto atteso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-a-c.jpg</image:loc>
        <image:title>L’effetto sull’investimento aggregato di un aumento del tasso di profitto atteso di alcuni progetti (effetto sul lato offerta).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-a-a.jpg</image:loc>
        <image:title>Se il tasso di interesse è al 5%
: Con un tasso  di interesse pari al 5%, solo un progetto viene realizzato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-a-b.jpg</image:loc>
        <image:title>Un miglioramento delle prospettive di profitto
: Un miglioramento delle prospettive di profitto (cambiamento sul lato offerta) fa aumentare il tasso profitto atteso associato a ciascun progetto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-b-b.jpg</image:loc>
        <image:title>L’effetto sugli investimenti di un aumento del livello di capacità desiderato (cambiamento dal lato domanda).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-b-a.jpg</image:loc>
        <image:title>Se il tasso d’interesse è al 2%
: Vediamo il livello iniziale degli investimenti con un tasso di interesse del 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-c-c.jpg</image:loc>
        <image:title>La funzione dell’investimento aggregato: gli effetti del tasso d’interesse e delle aspettative di profitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-c-a.jpg</image:loc>
        <image:title>I progetti d’investimento potenziali
: In un’economia caratterizzata da migliaia di imprese, l’insieme di tutti i potenziali progetti d’investimento può essere rappresentato da una funzione dell’investimento aggregato decrescente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-10-c-b.jpg</image:loc>
        <image:title>Una riduzione del tasso di interesse
: In risposta ad una riduzione del tasso d’interesse, gli investimenti aumentano da C ad E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/14-john-maynard-keynes.jpg</image:loc>
        <image:title>John Maynard Keynes' Portrait</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-a-c.jpg</image:loc>
        <image:title>L’espansione fiscale può controbilanciare una diminuzione del consumo privato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-a-a.jpg</image:loc>
        <image:title>L’equilibrio del mercato dei beni
: L’economia si trova inizialmente nel punto A, il punto di equilibrio del mercato dei beni, dove la domanda è uguale alla produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-a-b.jpg</image:loc>
        <image:title>L’economia entra in recessione
: Questo accade in seguito ad una caduta della fiducia dei consumatori, che causa una diminuzione di . La retta della domanda aggregata trasla verso il basso e l’economia si muove dal punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-b-c.jpg</image:loc>
        <image:title>Le misure di austerità possono peggiorare una recessione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-b-a.jpg</image:loc>
        <image:title>equilibrio nel mercato dei beni
: L’economia si trova inizialmente nel punto A, il punto di equilibrio nel mercato dei beni, nel quale la domanda aggregata è pari alla produzione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-11-b-b.jpg</image:loc>
        <image:title>L’economia entra in recessione
: Questo accade a causa di un calo della fiducia dei consumatori, che provoca una riduzione di . La retta della domanda aggregata trasla verso il basso, e l’economia si sposta dal punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-13.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-14.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-15.jpg</image:loc>
        <image:title>Debito pubblico del Regno Unito in rapporto al PIL (1700–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-16.jpg</image:loc>
        <image:title>Successi e fallimenti della politica fiscale espansiva francese (1980–1983).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-17.jpg</image:loc>
        <image:title>Il lato dell’offerta aggregato dell’economia: il mercato del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-18.jpg</image:loc>
        <image:title>Lato dell’offerta e la della domanda dell’economia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-19-c.jpg</image:loc>
        <image:title>Fluttuazioni cicliche attorno alla disoccupazione di equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-19-a.jpg</image:loc>
        <image:title>Equilibrio del mercato del lavoro
: Inizialmente l’economia si trova nel punto A, nel quale il mercato del lavoro è in equilibrio con una disoccupazione del 5%. Il livello della domanda aggregata deve essere quello mostrato dalla curva di domanda indicata come “normale”.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-19-b.jpg</image:loc>
        <image:title>Un boom
: Consideriamo il caso di un aumento degli investimenti che muova la curva della domanda aggregata fino a DA (alta). Produzione e occupazione crescono e l’economia si sposta in B: durante la fase di espansione la disoccupazione scende al di sotto del 5%. L’occupazione addizionale è detta occupazione ciclica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-14-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-08-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Equilibrio en el mercado de panes: ganancias del comercio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-08-05-01-02.jpg</image:loc>
        <image:title>Excedentes del consumidor y del productor cuando el precio y la cantidad no son de equilibrio.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/19.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-19-header.jpg</image:loc>
        <image:title>Brazilian favela: © Tuca Vieira</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-01.jpg</image:loc>
        <image:title>Inégalités de patrimoine, de revenu du travail et de revenu disponible : États-Unis, Suède et Japon (années 2000)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-02.jpg</image:loc>
        <image:title>Part du patrimoine total possédée par le centile le plus riche (1740–2011)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-03.jpg</image:loc>
        <image:title>Part du revenu total reçue par le centile le mieux payé (1913–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-04.jpg</image:loc>
        <image:title>Part déclinante pour le centile le mieux payé dans certaines économies européennes et au Japon (1900–2013)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-ouhJrEcrCzQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-05-c.jpg</image:loc>
        <image:title>Inégalités mondiales de revenu et entre pays (1952–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-05-a.jpg</image:loc>
        <image:title>Les inégalités mondiales entre les individus diminuent (1986–2013)
: La série bleue montre les inégalités de revenu entre tous les individus dans le monde. C’est donc le coefficient de Gini mondial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-05-b.jpg</image:loc>
        <image:title>Les inégalités hypothétiques entre pays diminuent…
: La courbe rouge montre les inégalités de revenu entre pays sur la période 1952–2015. Pour les calculer, nous avons supposé que chacun, au sein d’un pays, avait le même revenu. Elles ont commencé à diminuer rapidement depuis les années 1980.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-06-b.jpg</image:loc>
        <image:title>L’absence de niveau intermédiaire aux États-Unis (2014–24) : prévisions des métiers qui subiront une variation de l’emploi de 10 000 employés ou plus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-06-a.jpg</image:loc>
        <image:title>Estimation de la croissance prévue des métiers aux États-Unis
: La Figure 19.6 ordonne les métiers du mieux payé en haut (en termes de salaire horaire) au moins payé en bas, et estime la croissance ou la contraction de l’emploi sur l’axe des abscisses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-07.jpg</image:loc>
        <image:title>L’absence de niveau intermédiaire aux États-Unis (2014–24) : la croissance des emplois est la plus élevée pour les premier et dernier quintiles des métiers aux États-Unis, par revenu annuel moyen
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-08.jpg</image:loc>
        <image:title>Inégalités catégorielles : éducation et revenus d’une vie entière pour les hommes et les femmes aux États-Unis
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-09.jpg</image:loc>
        <image:title>Inégalités catégorielles : durée moyenne des études des filles par rapport aux garçons (1970–2010)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-10.jpg</image:loc>
        <image:title>Inégalité intergénérationnelle dans les revenus : États-Unis et Danemark
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-11.jpg</image:loc>
        <image:title>Inégalités intergénérationnelles et en coupe transversale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-12.jpg</image:loc>
        <image:title>Pour les étudiants, les inégalités sont l’un des problèmes principaux que l’économie devrait traiter
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-13.jpg</image:loc>
        <image:title>Répartitions idéale, estimée et réelle de la richesse selon les Américains
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-14.jpg</image:loc>
        <image:title>Comment les croyances des Américains au sujet des déterminants de la réussite prédisent leur soutien ou leur opposition aux politiques de redistribution du revenu vers les pauvres
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-g.jpg</image:loc>
        <image:title>Choix parmi les répartitions de revenu possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-a.jpg</image:loc>
        <image:title>Égalité entre riches et pauvres
: Le point E désigne la situation dans laquelle les riches et les pauvres reçoivent le même revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-b.jpg</image:loc>
        <image:title>L’idéal de Rawls
: Le point préféré par Rawls est le point R, où les pauvres sont aussi riches que possible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-c.jpg</image:loc>
        <image:title>L’ensemble des possibles
: La courbe rouge qui passe par les points R et E (et les autres points au-dessus de R) est appelée la frontière des possibles de la répartition des revenus dans l’économie. Sa pente est le TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-d.jpg</image:loc>
        <image:title>Revenu espéré maximal
: Si vous souhaitiez maximiser votre revenu espéré, alors vous choisiriez le point A, où les gains en termes de revenu des riches sont exactement compensés par les pertes de revenu des pauvres, de sorte que le TMT soit égal à 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-e.jpg</image:loc>
        <image:title>Si vous pouviez être sûr(e) d’être riche
: Si vous pouviez truquer la pièce jetée en l’air, de sorte que vous soyez sûr(e) d’être riche (et si vous n’aviez aucune appétence pour l’équité), vous sélectionneriez le point F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-15-f.jpg</image:loc>
        <image:title>La pire solution pour les pauvres
: Le point D indique le revenu minimal des pauvres et, comme E, n’est pas Pareto-efficace.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-16.jpg</image:loc>
        <image:title>Les relations causales entre technologie, institutions et politiques, dotations et inégalités
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-18.jpg</image:loc>
        <image:title>Inégalités économiques dans le temps. Les flèches rouges montrent que les inégalités économiques d’une période ont une influence sur les technologies, les institutions et politiques et les différences de dotations de la période suivante
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-19-e.jpg</image:loc>
        <image:title>Les marchés du crédit et du travail façonnent les relations entre les groupes avec différentes dotations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-19-a.jpg</image:loc>
        <image:title>Une économie modélisée
: Considérez une économie composée d’individus riches et d’employés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-19-b.jpg</image:loc>
        <image:title>Exclus du marché du crédit
: Ceux sans richesse (collatéral) ou une richesse insuffisante sont exclus du marché du crédit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-19-c.jpg</image:loc>
        <image:title>Individus riches et emprunteurs à succès
: Ils peuvent acheter des biens d’équipement afin de devenir employeurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-19-d.jpg</image:loc>
        <image:title>Ceux qui ne sont pas riches
: Ils sont employés ou au chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-20-d.jpg</image:loc>
        <image:title>Effet d’une main-d’œuvre plus éduquée sur les inégalités entre employeurs, employés et chômeurs : le marché du travail de l’économie dans son ensemble et la courbe de Lorenz.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-20-a.jpg</image:loc>
        <image:title>Notre économie modélisée
: Considérez comment l’économie décrite dans la partie gauche, avec son équilibre initial au point X, évolue quand les travailleurs (employés et chômeurs) deviennent plus éduqués.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-20-b.jpg</image:loc>
        <image:title>La productivité des travailleurs augmente, déplaçant vers le haut la courbe de fixation des prix
: Le salaire compatible avec la marge maximisant les profits de l’entreprise, qui peut fixer les prix, est maintenant plus élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-20-c.jpg</image:loc>
        <image:title>Des entreprises entrent
: En réponse à des profits plus élevés, la production augmente, ce qui réduit le taux de chômage. Comme cela augmente la position de réserve des employés, cela incite les entreprises à fixer un salaire supérieur. Le nouvel équilibre du marché du travail est au point Y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-21-c.jpg</image:loc>
        <image:title>Effet de la segmentation du marché du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-21-a.jpg</image:loc>
        <image:title>Un modèle d’économie avec segmentation du marché du travail
: Les 40 travailleurs du marché du travail secondaire n’obtiennent que 10 % du revenu de l’économie ; les 40 travailleurs du marché du travail primaire obtiennent la moitié du revenu (ils sont rémunérés cinq fois plus que les travailleurs secondaires). Les 10 propriétaires obtiennent 40 % du revenu (ils sont rémunérés 16 fois plus que les travailleurs secondaires).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-21-b.jpg</image:loc>
        <image:title>Élimination de la segmentation du marché du travail
: Les 80 travailleurs reçoivent maintenant le même salaire, et tous ensemble ils obtiennent 60 % du revenu de l’économie. Le salaire des travailleurs secondaires a augmenté, tandis que celui des travailleurs du marché primaire a baissé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-22-d.jpg</image:loc>
        <image:title>Effet des robots sur les inégalités : polarisation du marché du travail.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-22-a.jpg</image:loc>
        <image:title>La courbe de Lorenz avant introduction des robots
: La courbe de Lorenz bleue (trait plein) montre la répartition du revenu entre chômeurs, employés et propriétaires. Tous les travailleurs, qu’ils effectuent un travail répétitif ou pas, obtiennent le même salaire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-22-b.jpg</image:loc>
        <image:title>L’introduction de robots remplace et réduit le prix du travail répétitif
: Après l’introduction de robots, 5 travailleurs supplémentaires – ceux qui effectuaient des tâches répétitives – perdent leur emploi. Les 55 travailleurs effectuant des tâches répétitives qui restent reçoivent maintenant seulement 10 % du revenu de l’économie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-22-c.jpg</image:loc>
        <image:title>Les robots donnent plus de valeur au travail de certains travailleurs
: Trente des employés ont des compétences complémentaires aux machines. Ils obtiennent des salaires plus élevés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-99ZTpN5R3mk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-25-c.jpg</image:loc>
        <image:title>Le « monde » comme une économie capitaliste unifiée avec un marché du travail segmenté.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-25-a.jpg</image:loc>
        <image:title>Le monde avant que la Chine ne prenne son essor
: Initialement, l’économie chinoise hypothétique est pour l’essentiel rurale et pas directement impliquée dans l’économie capitaliste. La main-d’œuvre urbaine chinoise – la moitié de la main d’œuvre totale de ce monde fictif – ne reçoit que 20 % du revenu mondial. La main-d’œuvre en Europe/Amérique du Nord – la moitié de celle de la Chine – reçoit deux fois plus. Le coefficient de Gini mondial est de 0,59.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-25-b.jpg</image:loc>
        <image:title>La Chine prend son essor
: Le secteur rural chinois diminue à 10 %, ce qui augmente la part de la main-d’œuvre chinoise impliquée dans l’économie capitaliste mondiale, qui reçoit maintenant la même part du revenu mondial que les travailleurs issus de l’Europe/Amérique du Nord (30 % chacun).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-26.jpg</image:loc>
        <image:title>Différents concepts de revenu
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-27.jpg</image:loc>
        <image:title>Coefficients de Gini pour le revenu marchand, le revenu disponible et le revenu final
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-28.jpg</image:loc>
        <image:title>Moyenne du revenu marchand et du revenu disponible des ménages, selon le groupe d’âge du principal apporteur de revenu
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-29-a.jpg</image:loc>
        <image:title>Distribution des impôts et des dépenses publiques (moyenne en pesos par personne). Déciles de ménages ordonnés par revenu marchand net par personne, Mexico 2014
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-29-b.jpg</image:loc>
        <image:title>Distribution des impôts et des dépenses publiques en pourcentage du revenu marchand. Déciles de ménages ordonnés par revenu marchand net par personne, Mexico 2014
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>Le coût des inégalités : inégalités et croissance du niveau de vie dans les pays riches
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-30-b.jpg</image:loc>
        <image:title>Le coût des inégalités : inégalités et croissance du niveau de vie dans les pays en rattrapage
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-30-c.jpg</image:loc>
        <image:title>Le coût des inégalités : disparité économique et part des travailleurs employés comme agents de sûreté
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-30-d.jpg</image:loc>
        <image:title>Inégalités et performances économiques : bonnes et mauvaises performances dans les pays
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/04.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-04-header.jpg</image:loc>
        <image:title>Les Joueurs de Carte (I giocatori di carte): Paul Cézanne, Courtauld Institute of Art</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-01.jpg</image:loc>
        <image:title>Interazioni sociali nel gioco della mano invisibile.
: Interazioni sociali nel gioco della mano invisibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-a.jpg</image:loc>
        <image:title>I payoff del gioco della mano invisibile.
: I payoff del gioco della mano invisibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-g.jpg</image:loc>
        <image:title>La matrice dei payoff del gioco della mano invisibile.
: La matrice dei payoff del gioco della mano invisibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-a.jpg</image:loc>
        <image:title>Identificare le risposte ottime
: Consideriamo il giocatore di riga (Anil) e chiediamoci quale sarebbe la sua risposta ottima alla scelta del giocatore di colonna (Bala) di coltivare riso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-b.jpg</image:loc>
        <image:title>La risposta ottima di Anil quando Bala coltiva riso
: Se Bala decidesse di coltivare riso, la risposta ottima di Anil sarebbe quella di piantare manioca — così da ottenere un payoff pari a 4 (anziché pari a 1). Disegniamo un cerchietto nella casella in basso a sinistra per evidenziare che questa è la risposta ottima del giocatore di riga.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-c.jpg</image:loc>
        <image:title>La risposta ottima di Anil quando Bala coltiva manioca
: Anche se Bala decidesse di coltivare manioca, la risposta ottima di Anil sarebbe piantare manioca — così da ottenere un payoff pari a 3 (anziché pari a 2). Disegniamo un cerchietto anche nella casella in basso a destra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-d.jpg</image:loc>
        <image:title>Anil ha una strategia dominante
: Visto che, qualunque sia la scelta di Bala, la risposta ottima di Anil consiste nel coltivare manioca, i due cerchietti sono stati disegnati sulla stessa riga. Diremo che piantare manioca è una strategia dominante per Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-e.jpg</image:loc>
        <image:title>Le risposte ottime di Bala
: Poniamoci ora nei panni di Bala, cioè del giocatore di colonna. Se Anil scegliesse di coltivare riso, la risposta ottima di Bala sarebbe quella di piantare riso (ottenendo un payoff pari a 3 anziché pari a 2). Indichiamo con un punto blu nella casella a sinistra in alto la risposta ottima del giocatore di colonna.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-02-b-f.jpg</image:loc>
        <image:title>Anche Bala ha una strategia dominante
: Se Anil decidesse di coltivare manioca, la risposta ottima di Bala continuerebbe a essere quella di piantare riso (ottenendo un payoff pari a 4 anziché pari a 3). Disegniamo un punto blu nella casella a sinistra in basso. I due punti si trovano sulla stessa colonna: piantare riso è una strategia dominante per Bala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-03-a.jpg</image:loc>
        <image:title>Il gioco del controllo dei parassiti.
: Il gioco del controllo dei parassiti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-03-b.jpg</image:loc>
        <image:title>Matrice dei payoff del gioco del controllo dei parassiti.
: Matrice dei payoff del gioco del controllo dei parassiti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-05-e.jpg</image:loc>
        <image:title>La decisione di Anil di dividere il premio con Bala dipende da quanto le sue preferenze sono altruistiche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-05-a.jpg</image:loc>
        <image:title>Payoff possibili
: Ciascun punto nella figura rappresenta una combinazione di somme di denaro per Anil (sull’asse orizzontale) e Bala (sull’asse verticale), espresse in migliaia di rupie. Il triangolo colorato rappresenta le scelte possibili per Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-05-b.jpg</image:loc>
        <image:title>Curve di indifferenza di Anil per preferenze puramente autointeressate
: Se Anil non si preoccupa minimamente di Bala, le sue curve di indifferenza corrispondono a rette verticali. Anil è indifferente al fatto che Bala riceva o meno una somma di denaro, e la sua soddisfazione è tanto maggiore quanto più a destra sarà la combinazione, ossia quanto più elevato è il suo payoff monetario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-05-c.jpg</image:loc>
        <image:title>La scelta ottimale di Anil
: Dato l’insieme delle scelte ammissibili, la scelta ottimale di Anil consiste nello scegliere la suddivisione corrispondente al punto A, nella quale tiene per sé l’intera vincita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-05-d.jpg</image:loc>
        <image:title>Se le preferenze di Anil fossero almeno parzialmente altruistiche?
: In questo caso Anil trarrebbe utilità anche dal payoff di Bala. Sarebbe disposto a rinunciare a qualcosa per aumentare tale payoff, e le sue curve di utilità sarebbero dunque inclinate negativamente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-06-c.jpg</image:loc>
        <image:title>I payoff di Anil e Bala
: La scelta di Anil di usare IPC (I) o Terminator (T) dipende dal fatto che le sue preferenze siano totalmente autointeressate o almeno parzialmente altruistiche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-06-a.jpg</image:loc>
        <image:title>I payoff di Anil e Bala
: L’asse orizzontale e l’asse verticale rappresentano, rispettivamente, il payoff di Anil e quello di Bala. I quattro punti rappresentano i payoff associati alle possibili strategie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-06-b.jpg</image:loc>
        <image:title>Anil ha preferenze totalmente autointeressate
: Se Anil non si preoccupa del benessere di Bala, le sue curve di indifferenza corrispondono a rette verticali e il suo esito preferito è (T, I). Poiché Anil preferisce (T, I) a (I, I), egli sceglierebbe T nel caso in cui Bala scegliesse I. Se Anil è totalmente autointeressato, T è la sua scelta ottimale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-07.jpg</image:loc>
        <image:title>I payoff di Kim nel gioco del bene pubblico.
: I payoff di Kim nel gioco del bene pubblico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/04-elinor-ostrom.jpg</image:loc>
        <image:title>Elinor Ostrom</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-09-a.jpg</image:loc>
        <image:title>L’esperimento del bene pubblico nel mondo: contributi su 10 round.
: L’esperimento del bene pubblico nel mondo: contributi su 10 round.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-09-b.jpg</image:loc>
        <image:title>L’esperimento del bene pubblico con possibilità di punire.
: L’esperimento del bene pubblico con possibilità di punire.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-BqEOGDX766Q.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-10.jpg</image:loc>
        <image:title>Numero di genitori ritardatari (media mensile).
: Numero di genitori ritardatari (media mensile).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-11.jpg</image:loc>
        <image:title>Albero del gioco dell’ultimatum.
: Albero del gioco dell’ultimatum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-12.jpg</image:loc>
        <image:title>Offerte accettabili nel gioco dell’ultimatum.
: Offerte accettabili nel gioco dell’ultimatum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-13-d.jpg</image:loc>
        <image:title>Offerte e rifiuti nel gioco dell’ultimatum.
: Offerte e rifiuti nel gioco dell’ultimatum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-13-a.jpg</image:loc>
        <image:title>Cosa rappresentano le barre?
: L’altezza di ogni barra indica la percentuale di Proponenti kenioti e statunitensi che hanno proposto la spartizione indicata sull’asse orizzontale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-13-b.jpg</image:loc>
        <image:title>Come interpretare il diagramma
: Nel caso dei contadini kenioti, ad esempio, valori pari al 50% sull’asse verticale e al 40% sull’asse orizzontale stanno a significare che metà dei contadini ha offerto il 40% della torta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-13-c.jpg</image:loc>
        <image:title>Le aree più scure rappresentano i rifiuti
: In Kenya, a fronte di offerte del 30% della torta da parte dei Proponenti, quasi la metà dei Rispondenti ha rifiutato (la porzione scura della barra, infatti, ha un’altezza quasi pari alla porzione chiara).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-14.jpg</image:loc>
        <image:title>Quote offerte e rifiutate nel gioco dell’ultimatum, ordinate per dimensione e numero di rispondenti.
: Quote offerte e rifiutate nel gioco dell’ultimatum, ordinate per dimensione e numero di rispondenti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-15-e.jpg</image:loc>
        <image:title>Un problema di divisione del lavoro con più di un equilibrio di Nash.
: Un problema di divisione del lavoro con più di un equilibrio di Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-15-a.jpg</image:loc>
        <image:title>La risposta ottima di Anil quando Bala coltiva riso
: Se Bala decide di coltivare riso, la risposta ottima di Anil è quella di piantare manioca. Disegniamo un cerchietto nella casella in basso a sinistra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-15-b.jpg</image:loc>
        <image:title>La risposta ottima di Anil quando Bala coltiva manioca
: Se Bala decide di coltivare manioca, la risposta ottima di Anil è quella di piantare riso. Disegniamo un cerchietto nella casella in alto a destra. Si noti che Anil non ha una strategia dominante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-15-c.jpg</image:loc>
        <image:title>Le risposte ottime di Bala
: Se Anil decide di coltivare riso, la risposta ottima di Bala è quella di piantare manioca; se Anil sceglie di coltivare manioca, la risposta ottima è quella di piantare riso. I puntini blu indicano le risposte ottime. Nemmeno Bala possiede una strategia dominante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-15-d.jpg</image:loc>
        <image:title>(Manioca, Riso) è un equilibrio di Nash
: Se Anil pianta manioca e Bala pianta riso, ciascuno sta giocando la propria risposta ottima alla strategia dell’altro (puntino e cerchietto coincidono). Si tratta dunque di un equilibrio di Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/04-john-nash.jpg</image:loc>
        <image:title>John Nash</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-16-a.jpg</image:loc>
        <image:title>La scelta del linguaggio di programmazione.
: La scelta del linguaggio di programmazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-16-b.jpg</image:loc>
        <image:title>I payoff (in migliaia di euro) relativi alla scelta del linguaggio di programmazione.
: I payoff (in migliaia di euro) relativi alla scelta del linguaggio di programmazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-17-a.jpg</image:loc>
        <image:title>Il problema del cambiamento climatico. A destra in alto i payoff nel caso di dilemma del prigioniero, a destra in basso quelli nel caso di avversione alla diseguaglianza e reciprocità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-17-b.jpg</image:loc>
        <image:title>Il problema del cambiamento climatico. A destra in alto i payoff nel caso di dilemma del prigioniero, a destra in basso quelli nel caso di avversione alla diseguaglianza e reciprocità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-04-17-c.jpg</image:loc>
        <image:title>Il problema del cambiamento climatico. A destra in alto i payoff nel caso di dilemma del prigioniero, a destra in basso quelli nel caso di avversione alla diseguaglianza e reciprocità.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/20.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-20-header.jpg</image:loc>
        <image:title>Earth rise as seen from lunar surface: NASA</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-01.jpg</image:loc>
        <image:title>Precios globales de los commodities (1960–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-02.jpg</image:loc>
        <image:title>La goleta pesquera Bluenose.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-03.jpg</image:loc>
        <image:title>Cantidad de bacalao capturado por las pesqueras de los Grandes Bancos (Atlántico Norte) entre 1851 y 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-04.jpg</image:loc>
        <image:title>Proceso de retroalimentación positiva y la deforestación en el Amazonas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-11-07.jpg</image:loc>
        <image:title>Revise la figura 11.7, que muestra los precios mundiales del petróleo y su consumo mundial, para responder la pregunta 20.1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-06.jpg</image:loc>
        <image:title>Concentración global de dióxido de carbono en la atmósfera y temperaturas globales (1750–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-07.jpg</image:loc>
        <image:title>Modelo de la bañera: el stock de CO2 en la atmósfera.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-08.jpg</image:loc>
        <image:title>Dióxido de carbono que contienen las reservas y los recursos de combustibles fósiles, en términos relativos a la capacidad atmosférica de la Tierra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-09.jpg</image:loc>
        <image:title>Costo potencial de la reducción del efecto invernadero global en 2030 (comparado con seguir como si nada), usando distintas políticas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-10.jpg</image:loc>
        <image:title>Curva de reducción de emisiones al costo mínimo al costo mínimo: cuánto de la reducción total (al costo mínimo) de las emisiones es función del gasto total en mitigación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-11.jpg</image:loc>
        <image:title>Curva de reducción de emisiones al costo mínimo: trade-off entre el costo de reducción de emisiones y la cantidad reducida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-12.jpg</image:loc>
        <image:title>Curva de costos de reducción cuando las tecnologías más costosas se aplican primero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-13-b.jpg</image:loc>
        <image:title>Consumo factible y calidad ambiental.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-13-a.jpg</image:loc>
        <image:title>Si no se adoptan políticas de reducción de emisiones
: Si los costos de reducción de emisiones son cero, la nación puede tener un consumo de 500 000 millones de euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-14-b.jpg</image:loc>
        <image:title>La elección ideal del nivel de reducción de emisiones por parte del responsable de política pública.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-14-a.jpg</image:loc>
        <image:title>Asignación de 50 000 millones de euros a la reducción de emisiones
: El punto X es el nivel de protección medioambiental que el responsable de políticas públicas desearía aplicar, con la calidad medioambiental en E*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-f.jpg</image:loc>
        <image:title>Conflictos de intereses sobre salarios y reducción de las emisiones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-a.jpg</image:loc>
        <image:title>La curva de indiferencia de reserva del ciudadano representativo es la «condición de traslado a otro lugar»
: Esta curva nos proporciona todas las combinaciones de salarios y calidad medioambiental que representan el mínimo necesario para inducir a un ciudadano representativo a quedarse en el pueblo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-b.jpg</image:loc>
        <image:title>La «condición de cierre» de la empresa
: Muestra las combinaciones de salarios y calidad medioambiental que ofrece la empresa que suponen el límite para que permanezca en Brownsville.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-c.jpg</image:loc>
        <image:title>Opciones inviables
: Las partes de la figura que se encuentran por encima de la condición de cierre de la empresa y por debajo de la condición de traslado a otro lugar del ciudadano no son factibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-d.jpg</image:loc>
        <image:title>Los ciudadanos tienen poder, punto B
: Supongamos que los ciudadanos pudieran imponer un nivel legalmente exigible de calidad medioambiental en la ciudad y establecer sus propios salarios. De manera congruente con el hecho de que la empresa se quede en el pueblo, los ciudadanos fijan los salarios en w y la calidad del medioambiente en Emáx.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-15-e.jpg</image:loc>
        <image:title>Un ultimátum de tómalo o déjalo, punto A
: Por otro lado, si la empresa pudiera anunciar un ultimátum del tipo tómalo o déjalo, minimizaría los costos y al mismo tiempo garantizaría que los ciudadanos no elijan abandonar la ciudad en Emín.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-f.jpg</image:loc>
        <image:title>Límites máximos y comercio de emisiones: comprar y vender permisos para contaminar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-a.jpg</image:loc>
        <image:title>El costo marginal privado de reducción de emisiones (CMPR) de la empresa A
: Se muestra en rojo y se mide de la manera habitual desde el eje izquierdo. Aumenta a medida que aumenta su costo de reducción. La empresa A utiliza una tecnología de emisiones relativamente bajas para fabricar su producto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-b.jpg</image:loc>
        <image:title>El costo marginal privado de reducción (CMPR) de la empresa B
: Se muestra en azul y se mide desde el eje de la derecha, por lo que asciende desde el origen de la derecha a medida que B participa en una mayor reducción de las emisiones. La empresa B utiliza una tecnología más intensiva en emisiones para fabricar su producto y, por lo tanto, su costo marginal de reducción es más alto que para la empresa A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-c.jpg</image:loc>
        <image:title>Permisos repartidos al 50–50
: Veamos qué sucede si los permisos para contaminar se reparten al 50% entre las dos empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-d.jpg</image:loc>
        <image:title>Permisos repartidos al 50%: posibilidad de obtener ganancias de comercio con los permisos
: La empresa B tiene un CMPR más alto. Si puede comprar un permiso para contaminar más de la Empresa A por un precio menor que su costo marginal, comprará el permiso en lugar de reducir las emisiones. Esto crea la posibilidad de obtener ganancias del comercio de permisos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-16-e.jpg</image:loc>
        <image:title>La empresa B comprará permisos de A: ¿cuántos?
: ¿Cuántos permisos intercambiarán? Mientras el CMPR de la empresa B exceda el CMPR de la empresa A, ambos se beneficiarán con la venta de permisos de A a B. Si el mercado es competitivo, cabe esperar que haya intercambio comercial hasta que el CMPR se iguale en todas las empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-17.jpg</image:loc>
        <image:title>Precio de los permisos en el Régimen de comercio de derechos de emisión de la Unión Europea (RCDE EU).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-18.jpg</image:loc>
        <image:title>Cambios en la tecnología de mitigación de emisiones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-19-a.jpg</image:loc>
        <image:title>Costos de generar electricidad (nueva capacidad) usando células fotovoltaicas en EE.UU. (1976–2009).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-19-b.jpg</image:loc>
        <image:title>Costo de generar electricidad (capacidad nueva) a partir de distintas fuentes de energía, Estados Unidos (2008–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-20-d.jpg</image:loc>
        <image:title>Elección de tecnología de las Industrias Olympiad: efecto de un impuesto medioambiental en el comportamiento de la empresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-20-a.jpg</image:loc>
        <image:title>Tecnologías A y B
: Ambas tecnologías producen 100 metros de tela: A es intensiva en carbón y B es intensiva en energía solar. La nueva tecnología, B, utiliza casi exclusivamente energía solar, con un pequeño uso de carbón durante los periodos del año en que la energía solar no resulta fiable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-20-b.jpg</image:loc>
        <image:title>La línea isocosto de la empresa
: La línea isocosto muestra todas las combinaciones posibles de energía solar y carbón suficientes para producir 100 metros de tela que tienen el mismo costo. Si la línea del isocosto es HJ, las empresas usan la tecnología A porque B cuesta más (se encuentra fuera de la línea HJ). La pendiente plana de la línea de isocosto indica que el carbón es una ganga.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-20-c.jpg</image:loc>
        <image:title>Gravar los combustibles fósiles
: Se introduce un impuesto por kilovatio-hora que grava el uso del carbón para la generación de energía. Esto significa que la empresa ahora podría estar utilizando 8 paneles solares por el mismo costo de 4 toneladas de carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-21-e.jpg</image:loc>
        <image:title>Las elecciones de Omar: efecto de un impuesto medioambiental en la elección de distancia viajada en avión y tiempo libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-21-a.jpg</image:loc>
        <image:title>La frontera factible
: La tasa marginal de transformación del tiempo libre perdido en viajes en avión es la pendiente de la frontera factible. Al renunciar a una hora de tiempo libre, Omar puede trabajar durante una hora adicional y ganar 50 dólares. Cada dólar le proporciona 4 km de viaje en avión, por lo que la TMT es de 200. Al dedicar una hora de tiempo libre, obtiene 200 km de viaje aéreo factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-21-b.jpg</image:loc>
        <image:title>La curva de indiferencia más alta que Omar puede alcanzar
: Este es el punto A. Resulta de su elección de trabajar 200 horas adicionales, con lo que se sitúa en 6760 horas de tiempo libre y 40 000 km de viaje aéreo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-21-c.jpg</image:loc>
        <image:title>El costo privado de viajar
: Para Omar, el costo privado de 1 km de viaje aéreo es de 0,25 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-21-d.jpg</image:loc>
        <image:title>Un impuesto sobre el combustible
: Consideremos un impuesto al combustible utilizado por el sector de la aviación, que se aplique con intención de que suba el precio de los viajes en avión. Como resultado, un dólar gastado en un boleto ahora compra solo 2 km de viaje aéreo. Este impuesto podría obligar a las aerolíneas y los consumidores a tener en cuenta los efectos medioambientales negativos de los viajes aéreos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-mcq-11.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-22.jpg</image:loc>
        <image:title>Cobertura del hielo marino ártico (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-22-b.jpg</image:loc>
        <image:title>Cobertura del hielo marino ártico (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-22-c.jpg</image:loc>
        <image:title>Cobertura del hielo marino ártico (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-23.jpg</image:loc>
        <image:title>La curva de dinámica medioambiental y el punto de inflexión medioambiental.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-24-c.jpg</image:loc>
        <image:title>Cambio climático y pérdida irreversible de hielo marino ártico en verano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-24-a.jpg</image:loc>
        <image:title>Equilibrio superior inicial estable
: El medioambiente comienza en el punto de equilibrio B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-24-b.jpg</image:loc>
        <image:title>El calentamiento global reduce la curva CDM
: Un clima más cálido significa que, para cualquier cantidad de hielo marino este año, la cantidad que habrá el próximo año será menor. La curva entera se desplaza hacia abajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Las emisiones de dióxido de carbono son mayores en los países ricos …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-25-b.jpg</image:loc>
        <image:title>… pero también lo es la calidad de su medioambiente local.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-26.jpg</image:loc>
        <image:title>Curva de reducción de emisiones de gases de efecto invernadero: reducción de emisiones en 2030 en comparación con seguir con la actividad normal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-27-c.jpg</image:loc>
        <image:title>¿Existe siempre una disyuntiva o trade-off entre consumo y calidad medioambiental?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-27-a.jpg</image:loc>
        <image:title>Potencial no realizado
: Utilizamos la figura del conjunto factible para representar el potencial no realizado de reducción de emisiones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-20-27-b.jpg</image:loc>
        <image:title>Acciones con las que todos ganan
: Pasar de C a D lleva la calidad medioambiental a E. El consumo aumenta porque los costos (por ejemplo, los de la iluminación) disminuyen.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-i.svg</image:loc>
        <image:title>How does Alexei’s choice of free time affect his grade?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-04-01-02.svg</image:loc>
        <image:title>The feasible frontier , and the corresponding marginal rate of transformation.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-06-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>La fonction de meilleure réponse de Maria.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/13.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-13-header.jpg</image:loc>
        <image:title>An impending storm: 80 trading 24, https://goo.gl/je7HmL, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-01.jpg</image:loc>
        <image:title>Cambios en el desempleo y el bienestar durante la crisis financiera: evidencia de los estados de EE.UU. (2007–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-02-b.jpg</image:loc>
        <image:title>PIB per cápita del Reino Unido (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-02-a.jpg</image:loc>
        <image:title>Tasa de crecimiento anual después de 1921
: En el panel de la derecha, la pendiente de la línea (línea negra discontinua) representa la tasa de crecimiento medio anual de 1921 a 2014. Fue del 2,0% anual. Podemos ver que el crecimiento fue constante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-03-d.jpg</image:loc>
        <image:title>Crecimiento del PIB del Reino Unido y tasa de desempleo (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-03-a.jpg</image:loc>
        <image:title>Crecimiento del PIB del Reino Unido y desempleo
: Los paneles muestran el crecimiento del PIB del Reino Unido y la tasa de desempleo para el período 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-03-b.jpg</image:loc>
        <image:title>Picos y valles
: Las flechas resaltan el pico y el valle de un ciclo económico a finales de la década de 1980 y principios de la década de 1990.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-03-c.jpg</image:loc>
        <image:title>La crisis financiera mundial
: En el siglo xxi, la crisis financiera de 2008 siguió a un periodo en el que las fluctuaciones habían sido limitadas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-mcq-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-04-a.jpg</image:loc>
        <image:title>La escala logarítmica y una función exponencial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-04-b.jpg</image:loc>
        <image:title>La escala lineal en logaritmos naturales y una función lineal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-05.jpg</image:loc>
        <image:title>Ley de Okun para una serie de economías seleccionadas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-flowchart-01.jpg</image:loc>
        <image:title>A fall in output growth → A rise in the unemployment rate → A fall in wellbeing
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-mcq-02.jpg</image:loc>
        <image:title>El crecimiento real del PIB y cambio en la tasa de desempleo para los EE.UU. entre 1961 y 2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-06.jpg</image:loc>
        <image:title>El modelo de flujo circular: tres formas de medir el PIB.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-a-e.jpg</image:loc>
        <image:title>El papel de la agricultura en las fluctuaciones de la economía agregada en Gran Bretaña (1550–1700).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-a-a.jpg</image:loc>
        <image:title>Crecimiento del PIB entre 1550 y 1700
: La figura muestra la tasa de crecimiento del PIB real y sus tres sectores principales en este momento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-a-b.jpg</image:loc>
        <image:title>Agricultura
: Claramente, el sector agrícola es mucho más volátil que otros sectores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-a-c.jpg</image:loc>
        <image:title>Industria
: En este periodo, la diferencia media en la producción del sector agrícola entre un año y el siguiente es tres veces mayor que la del sector industrial…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-a-d.jpg</image:loc>
        <image:title>Servicios
: …y más de 10 veces mayor que la del sector servicios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-09-b.jpg</image:loc>
        <image:title>El papel de la agricultura en las fluctuaciones de la economía agregada en la India (1961–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-10-c.jpg</image:loc>
        <image:title>Estabilizamos el consumo a lo largo de nuestra vida.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-10-a.jpg</image:loc>
        <image:title>Ingresos a lo largo del tiempo
: La línea azul muestra la trayectoria del ingreso a lo largo del tiempo: comienza bajo, aumenta a medida que el individuo recibe ascensos laborales y cae al momento de la jubilación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-10-b.jpg</image:loc>
        <image:title>Gasto en consumo
: Se muestra en la línea roja. Es homogéneo (plano) desde el punto en que el individuo consigue su primer trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-11-c.jpg</image:loc>
        <image:title>Consumo cuando se aplican restricciones crediticias: un aumento anticipado de los ingresos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-11-a.jpg</image:loc>
        <image:title>Ingresos a lo largo del tiempo
: Las líneas azules de la figura muestran que la trayectoria del ingreso a lo largo del tiempo es la misma en ambos hogares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-11-b.jpg</image:loc>
        <image:title>Estabilizar el consumo
: La línea roja en el panel superior muestra que, en un hogar que estabiliza el consumo, este cambia inmediatamente una vez se reciben las noticias.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-f.jpg</image:loc>
        <image:title>Hogares con y sin restricciones de crédito: una caída temporal no anticipada de los ingresos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-a.jpg</image:loc>
        <image:title>Mismo ingreso en ambos periodos
: Considere un hogar que recibe el mismo ingreso, y, en este periodo y en el siguiente, indicado por el punto de dotación A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-b.jpg</image:loc>
        <image:title>Un hogar sin restricciones
: La tasa de interés es r, por lo que, si el hogar puede pedir prestado y ahorrar, entonces puede elegir cualquier punto de la restricción presupuestaria, que tiene pendiente −(1 + r).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-c.jpg</image:loc>
        <image:title>Preferencia por estabilizar
: Suponga que el hogar prefiere consumir la misma cantidad en cada periodo, como se muestra en el punto A, donde la curva de indiferencia es tangencial a la restricción presupuestaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-d.jpg</image:loc>
        <image:title>Un impacto negativo
: Ahora suponga que el hogar experimenta un shock temporal negativo inesperado en sus ingresos este año, por ejemplo una mala cosecha, que reduce los ingresos de este año a y′, si bien los ingresos esperados del año próximo no se ven afectados y se mantienen en y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-12-e.jpg</image:loc>
        <image:title>La restricción presupuestaria
: Si puede pedir prestado y ahorrar, su restricción presupuestaria tiene una pendiente de −(1 + r) y pasa por el punto A′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-13-c.jpg</image:loc>
        <image:title>Consumo cuando los hogares adolecen de falta de voluntad: una caída anticipada de los ingresos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-13-a.jpg</image:loc>
        <image:title>La trayectoria del ingreso
: Las líneas azules en la figura muestran que los ingresos siguen el mismo camino en ambos conjuntos de hogares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-13-b.jpg</image:loc>
        <image:title>Estabilizar el consumo
: La línea roja en el panel superior muestra la trayectoria del consumo para un hogar que suaviza las fluctuaciones del consumo. Cuando recibe noticias de la inminente caída de los ingresos, inmediatamente comienza a ahorrar para complementar el consumo con esos ahorros cuando los ingresos caigan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-14.jpg</image:loc>
        <image:title>Inversión en nuevas tecnologías y la burbuja puntocom (1991–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-15.jpg</image:loc>
        <image:title>Las expectativas negativas sobre la demanda futura crean un círculo vicioso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-16.jpg</image:loc>
        <image:title>Las expectativas positivas de la demanda futura crean un círculo virtuoso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-17.jpg</image:loc>
        <image:title>Decisiones de inversión como un juego de coordinación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-18.jpg</image:loc>
        <image:title>Inversión y confianza empresarial en la eurozona (1996–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-19-a.jpg</image:loc>
        <image:title>Tasas de crecimiento del consumo, la inversión y el PIB en el Reino Unido y Estados Unidos, porcentaje anual (1956–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-19-b.jpg</image:loc>
        <image:title>Tasas de crecimiento del consumo, la inversión y el PIB en México y Sudáfrica (1961–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-20-a.jpg</image:loc>
        <image:title>Crecimiento del PIB del Reino Unido (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-20-b.jpg</image:loc>
        <image:title>Tasa de desempleo en el Reino Unido (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-20-c.jpg</image:loc>
        <image:title>Tasa de inflación del Reino Unido (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-13-21.jpg</image:loc>
        <image:title>Niveles de inflación y volatilidad en economías de ingresos altos y bajos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/18.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-18-header.jpg</image:loc>
        <image:title>Container ship CSCL Venus of the China Shipping Line: Buonasera, https://goo.gl/mCTZNb, licensed under CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-01.jpg</image:loc>
        <image:title>Empleados de Ford en todo el mundo en 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-02.jpg</image:loc>
        <image:title>Exportaciones mundiales de mercancías como porcentaje del PIB mundial (1820–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-f.jpg</image:loc>
        <image:title>El mercado de automóviles: las brechas de precio reflejan los costos comerciales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-a.jpg</image:loc>
        <image:title>La curva de oferta del exportador
: La línea azul representa la curva de oferta en el país productor (exportador), que es Japón. Es una función de pendiente ascendente del precio en ese país.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-b.jpg</image:loc>
        <image:title>La curva de demanda del consumidor
: La línea roja representa la curva de demanda en el país consumidor (importador), que es Estados Unidos. Es una función de pendiente descendente del precio en ese país.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-c.jpg</image:loc>
        <image:title>Un mercado competitivo
: Si el mercado es competitivo, entonces el precio del automóvil en EE.UU. será el costo de comprarlo en Japón más el costo comercial, t. Supongamos que el costo de envío de una unidad del bien es 4,5. Mostraremos que se producirán 4000 automóviles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-d.jpg</image:loc>
        <image:title>¿Por qué 4000?
: Porque, para esa cantidad, la diferencia entre la curva de oferta y la curva de demanda es igual al costo comercial, o sea, 4,5. El costo marginal en Japón será de 2,75, mientras que los clientes en EE.UU. están dispuestos a pagar 7,25 por unidad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-03-e.jpg</image:loc>
        <image:title>El efecto de la globalización
: Si pensamos en la globalización como un proceso, entonces un mundo cada vez más globalizado es uno en el que los costos comerciales están disminuyendo. En la figura, esto está representado por una disminución en los costos comerciales de t a t′.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-04.jpg</image:loc>
        <image:title>El comercio angloamericano de trigo (1800–1914).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-05.jpg</image:loc>
        <image:title>Brechas de precio de productos básicos entre EE.UU. y el Reino Unido (1870–1913).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-06.jpg</image:loc>
        <image:title>Impedimentos al comercio (1870–2000).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-07.jpg</image:loc>
        <image:title>Tasas arancelarias medias, porcentaje (1981–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-08.jpg</image:loc>
        <image:title>Flujos internacionales de capital (1870–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-09.jpg</image:loc>
        <image:title>Tenencias de activos internacionales (1900–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-10.jpg</image:loc>
        <image:title>Inversión extranjera directa: inversión de empresas estadounidenses en otros países, según si los salarios son más bajos o más altos que en Estados Unidos (2001–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-11.jpg</image:loc>
        <image:title>Inmigración en EE.UU. como porcentaje del cambio en la población de dicho país. (1820–1998).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-12.jpg</image:loc>
        <image:title>Salarios en el sector de las manufacturas en relación con EE.UU. (1975–79 y 2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-14.jpg</image:loc>
        <image:title>Diferencias de costos entre países, especialización y comercio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-g.jpg</image:loc>
        <image:title>Fronteras factibles de producción para Carlos (Isla de la Manzana) y Greta (Isla del Trigo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-a.jpg</image:loc>
        <image:title>La producción de Carlos
: El panel de la izquierda de la figura muestra las combinaciones de trigo y manzanas que Carlos puede producir en un año. Si solo produce manzanas y tiene 100 hectáreas de tierra, puede producir 10 000 unidades, tal como ilustra el punto A en el eje horizontal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-b.jpg</image:loc>
        <image:title>Especialización en trigo
: De manera similar, si Carlos produce solo trigo, entonces puede producir 4000 toneladas, como muestra el punto B en el eje vertical.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-c.jpg</image:loc>
        <image:title>La frontera factible de producción
: La línea roja que une los puntos A y B es la frontera factible de producción para Carlos y muestra todas las combinaciones de trigo y manzanas que puede producir Carlos en un año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-d.jpg</image:loc>
        <image:title>La elección de Carlos
: Carlos puede elegir producir cualquier combinación en (o dentro) de la frontera. Por ejemplo, podría producir 2000 toneladas de trigo y 5000 manzanas, como muestra el punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-e.jpg</image:loc>
        <image:title>Conjunto factible de Carlos
: Carlos puede producir en cualquier lugar entre el origen y la frontera factible de producción. El área sombreada roja muestra su conjunto factible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-a-f.jpg</image:loc>
        <image:title>La frontera factible de producción para Greta
: Se muestra en el panel de la derecha. Greta puede producir más que Carlos de ambos bienes. Si cultiva un solo producto, puede producir 12 500 manzanas o 10 000 toneladas de trigo con 100 hectáreas de tierra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-b-d.jpg</image:loc>
        <image:title>Elecciones de consumo que maximizan la utilidad de Carlos (Isla de la Manzana) y Greta (Isla del Trigo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-b-a.jpg</image:loc>
        <image:title>La frontera factible de consumo de Carlos
: Se muestra en el panel de la izquierda y coincide con su frontera factible de producción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-b-b.jpg</image:loc>
        <image:title>Curvas de indiferencia de Carlos
: La forma de las curvas de indiferencia representa las preferencias de Carlos en cuanto al trigo y las manzanas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-16-b-c.jpg</image:loc>
        <image:title>La curva de indiferencia más alta que Carlos puede alcanzar
: Será la que sea tangente a su frontera factible de consumo. Carlos elegirá consumir 2500 toneladas de trigo al año y 3750 manzanas, como muestra el punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-18-c.jpg</image:loc>
        <image:title>El efecto del comercio y la especialización en las fronteras factibles de consumo de Carlos y Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-18-a.jpg</image:loc>
        <image:title>Antes de la especialización y el comercio
: La figura muestra las fronteras factibles de producción de Carlos y Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-18-b.jpg</image:loc>
        <image:title>El efecto de la especialización y el comercio
: Las líneas rojas punteadas muestran el desplazamiento hacia fuera de las fronteras factibles de consumo debido a la especialización y el comercio. Suponemos que el precio relativo del trigo después de la especialización y el comercio es 2 (un precio arbitrario entre 1,25 y 2,5).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-19-c.jpg</image:loc>
        <image:title>El efecto del comercio y la especialización en las fronteras factibles de consumo para Carlos y Greta, cuando Greta puede dictar el precio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-19-a.jpg</image:loc>
        <image:title>Fronteras factibles de producción
: La figura comienza con las mismas fronteras factibles de producción de la figura 18.18.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-19-b.jpg</image:loc>
        <image:title>Después de comerciar
: Greta ahora dicta que el precio relativo del trigo sea de 2,25. El comercio aún desplaza hacia afuera ambos conjuntos factibles, pero desplaza más los de Greta. Esto significa que el comercio y la especialización aumentarán la utilidad tanto de Carlos como de Greta, pero aumentarán más la utilidad de Greta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/18-david_ricardo.jpg</image:loc>
        <image:title>David Ricardo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-mcq-05.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-mcq-07.jpg</image:loc>
        <image:title>Las fronteras factibles de producción de Álex y José para naranjas y melones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-20.jpg</image:loc>
        <image:title>Los ganadores y perdedores del comercio entre Estados Unidos y China.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-g.jpg</image:loc>
        <image:title>El efecto a largo plazo de la especialización en el desempleo en Estados Unidos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-a.jpg</image:loc>
        <image:title>Desempleo a largo plazo
: La economía comienza en el punto A (U = 6%).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-b.jpg</image:loc>
        <image:title>Estados Unidos se especializa en la producción de aviones
: Estados Unidos tiene una ventaja comparativa. Al especializarse en el bien para el que es relativamente mejor, aumenta la productividad media de su mano de obra, elevándose así la producción por trabajador y, por tanto, la curva de fijación de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-c.jpg</image:loc>
        <image:title>Los trabajadores que fabrican productos electrónicos de consumo pierden el empleo
: Los consumidores estadounidenses están ahora comprando sus reproductores de DVD de China. A algunos los contratan para fabricar aviones, pero no a todos porque la capacidad productiva en ese sector es limitada. La economía se mueve del punto A al punto B y el desempleo aumenta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-d.jpg</image:loc>
        <image:title>Las empresas estadounidenses de fabricación de aviones están obteniendo grandes beneficios
: Esperan que esto continúe en el futuro, así que construyen nueva capacidad de producción, expandiendo la demanda de mano de obra y volviendo a emplear a los extrabajadores del sector de la electrónica. La economía se mueve del punto B al punto C y el desempleo cae a 4% (por debajo de su nivel inicial).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-e.jpg</image:loc>
        <image:title>Mayor demanda de mano de obra
: La demanda aumenta el poder de negociación de los trabajadores. Suben los salarios. Este proceso se detiene cuando la economía ha llegado a la nueva intersección de las curvas de fijación de precios y salarios en el punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-21-f.jpg</image:loc>
        <image:title>La curva de fijación de salarios
: También puede desplazarse si los trabajadores exigen prestaciones por desempleo más generosas debido a la mayor rotación de personal resultante de los efectos del comercio. Si se desplaza mucho, la especialización podría implicar una reducción en el empleo total. Por ejemplo, en el punto E de la figura, el desempleo es más alto que la tasa a largo plazo inicial del 6%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-qqZxJGW9B7M.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-22.jpg</image:loc>
        <image:title>Trilema político de Rodrik.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-LRDIejhdtYk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-18-23.jpg</image:loc>
        <image:title>Alcanzar a los primeros y estancarse: salarios del sector manufacturero en comparación con EE.UU. (1950–2015).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>Optimaalisen vapaa-ajan ja tenttiarvosanan yhdistelmän valinta.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-05-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-07-01-01.jpg</image:loc>
        <image:title>Allocation de temps avec et sans paiement de loyer.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-05-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-02-01.svg</image:loc>
        <image:title>Angela’s choice of free time and grain as an independent farmer.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-05-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-07-01-01.jpg</image:loc>
        <image:title>Ajankäyttö ilman vuokran maksua ja sen kanssa.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/17.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-17-header.jpg</image:loc>
        <image:title>Montage de Unes sur la Crise Financière : pingnews.com, https://goo.gl/yAQq7m, licensed under CC BY-SA 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-01-a.jpg</image:loc>
        <image:title>La Grande Dépression et la crise financière mondiale : la production industrielle
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-01-b.jpg</image:loc>
        <image:title>La Grande Dépression et la crise financière mondiale : la politique monétaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-01-c.jpg</image:loc>
        <image:title>La Grande Dépression et la crise financière mondiale : la politique budgétaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-02.jpg</image:loc>
        <image:title>Chômage, croissance de la productivité et inégalités aux États-Unis (1914–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-03.jpg</image:loc>
        <image:title>Partie supérieure : croissance du stock de capital et taux de profit des sociétés non financières aux États-Unis (1927–2015). Partie inférieure : taux d’imposition apparent des profits des sociétés non financières aux États-Unis (1929–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-04.jpg</image:loc>
        <image:title>Niveau d’endettement aux États-Unis, en pourcentage du PIB : ménages, sociétés non financières, sociétés financières et administrations publiques (1945–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-mcq-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-06.jpg</image:loc>
        <image:title>L’effet de la Grande Dépression sur l’économie américaine (1928–1941)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-07.jpg</image:loc>
        <image:title>Changement dans les composantes de la demande globale au cours des fluctuations à la hausse et à la baisse (T3 1924 à T4 1941)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-08.jpg</image:loc>
        <image:title>Choix politiques au cours de la Grande Dépression : le cas des États-Unis (1921–1941)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-09.jpg</image:loc>
        <image:title>La Grande Dépression et la reprise : les ménages diminuèrent leur consommation pour retrouver leur cible de richesse, puis l’augmentèrent à partir de 1933
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-HOv1H4ht0XI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-10.jpg</image:loc>
        <image:title>Une perspective historique de l’Âge d’or du capitalisme
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-11.jpg</image:loc>
        <image:title>Rattrapage des États-Unis pendant l’Âge d’or et après (1950–2016)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-12-d.jpg</image:loc>
        <image:title>L’Âge d’or : illustration avec les courbes des salaires et des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-12-a.jpg</image:loc>
        <image:title>Le début de l’Âge d’or
: Supposons que le point A indique la situation de l’économie américaine au début de l’Âge d’or avec un taux de chômage de 5 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-12-b.jpg</image:loc>
        <image:title>Progrès technologique
: Cela déplace vers le haut la courbe des prix (vers celle labellisée « fin des années 1950/années 1960 »). Cela stimule un investissement élevé, ce qui est cohérent avec les données relatives à la croissance du stock de capital aux États-Unis présentées sur la Figure 17.3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-12-c.jpg</image:loc>
        <image:title>La courbe des salaires se déplace vers le haut, mais moins que la courbe des prix
: Des syndicats forts et des politiques publiques favorables ont augmenté le pouvoir de négociation des travailleurs. Mais à travers les accords avec les employeurs, le déplacement de la courbe des salaires qui en résulte fut modeste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-13.jpg</image:loc>
        <image:title>Adhésion aux syndicats et importance du secteur public aux États-Unis (1913–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-14.jpg</image:loc>
        <image:title>La fin de l’Âge d’or : grèves et salaires relatifs au prix des actions dans les économies avancées (1950–2002)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-15-d.jpg</image:loc>
        <image:title>La fin de l’Âge d’or : illustration avec les courbes des salaires et des prix (notez que le salaire réel sur l’axe vertical est mesuré après impôt et en termes de prix à la consommation).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-15-a.jpg</image:loc>
        <image:title>Les compromis d’après-guerre s’effondrent
: Le déplacement vers le haut de la courbe des salaires représente la disparition des compromis d’après-guerre à la fin des années 1960 et au début des années 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-15-b.jpg</image:loc>
        <image:title>Le premier choc pétrolier (1973)
: Le premier choc pétrolier eut lieu en 1973, avec pour conséquence un déplacement vers le bas de la courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-15-c.jpg</image:loc>
        <image:title>Le chômage stabilisant l’inflation augmente
: Sous l’effet combiné du déplacement vers le bas de la courbe des prix et du déplacement vers le haut de la courbe des salaires, le taux de chômage de long terme s’est élevé au niveau de 7 %, comme indiqué par le point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-16.jpg</image:loc>
        <image:title>Après l’Âge d’or : chômage et inflation dans les économies avancées (1960–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>La Figure 15.6 montre les combinaisons d’inflation et de chômage aux États-Unis chaque année entre 1960 et 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-17.jpg</image:loc>
        <image:title>L’Âge d’or et ses conséquences : salaires réels et production par travailleur dans l’industrie aux États-Unis (1949–2016)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-18.jpg</image:loc>
        <image:title>Le marché immobilier à la hausse et à la baisse
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-19.jpg</image:loc>
        <image:title>Le ratio dette-revenu des ménages et les prix de l’immobilier aux États-Unis (1950–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-20.jpg</image:loc>
        <image:title>Richesse des ménages et endettement aux États-Unis : quintiles le plus riche et le plus pauvre selon la richesse nette (2007)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-21.jpg</image:loc>
        <image:title>Effet de levier des banques aux États-Unis et au Royaume-Uni (1960–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/17-hyman-minsky.jpg</image:loc>
        <image:title>Hyman Minsky</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-22.jpg</image:loc>
        <image:title>Équilibres instable et stable sur le marché de l’immobilier
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-23.jpg</image:loc>
        <image:title>Équilibres instable et stable sur le marché de l’immobilier : la CDP en forme de S
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-24-d.jpg</image:loc>
        <image:title>Un point critique sur le marché du logement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-24-a.jpg</image:loc>
        <image:title>Un équilibre au point B
: Au point B, les prix du logement sont élevés, mais stables.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-24-b.jpg</image:loc>
        <image:title>Certains propriétaires « se refroidissent »
: Supposez que certains individus commencent à juger que les prix sont trop élevés et vendent leurs logements. Cela est indiqué par le déplacement vers le bas de la courbe de dynamique des prix en forme de S vers la courbe bleue plus foncée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-24-c.jpg</image:loc>
        <image:title>Un changement de ressenti
: Alors que de plus en plus d’individus croient en l’idée que les prix vont chuter et mettent aussi en vente leurs logements, la courbe en S se déplace vers le bas et les prix chutent le long de la flèche brisée, de B à Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-25-c.jpg</image:loc>
        <image:title>La crise financière : l’effondrement des prix de l’immobilier américain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-25-a.jpg</image:loc>
        <image:title>L’économie américaine (2006)
: Le marché de l’immobilier de l’économie américaine en 2006 est matérialisé par le point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-25-b.jpg</image:loc>
        <image:title>La chute des prix des logements (2007)
: Les prix des logements ont commencé à décliner en 2007 car la courbe de demande s’est déplacée vers le bas, de A vers B, poussant vers le bas l’indice des prix de l’immobilier de leur pic de 100 à 92.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-26.jpg</image:loc>
        <image:title>Demande globale et crise financière aux États-Unis (T2 2006–T4 2010)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-27-d.jpg</image:loc>
        <image:title>La crise financière : essor de l’immobilier, endettement des ménages et effondrement des prix de l’immobilier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-27-a.jpg</image:loc>
        <image:title>La Grande Modération (années 1980)
: La colonne A illustre la situation des années 1980.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-27-b.jpg</image:loc>
        <image:title>La hausse des prix de l’immobilier (années 1990–2006)
: Au cours des années 1990 et surtout au début des années 2000, la hausse des prix de l’immobilier augmenta la richesse totale, de sorte que les ménages augmentèrent la consommation en augmentant leur endettement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-27-c.jpg</image:loc>
        <image:title>La chute des prix de l’immobilier (2006–2009)
: La hausse du chômage provoqua une réévaluation à la baisse des revenus futurs de l’emploi anticipés. La richesse nette des ménages s’est contractée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-g_W9SsstO9Y.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-w4gcdQA33aI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-17-28.jpg</image:loc>
        <image:title>Choix politiques à la fin de l’Âge d’or : États-Unis (1960–1979)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-HYxJeuGzXAo.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/0-4-note-italian-edition.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/Luigi.jpg</image:loc>
        <image:title>Luigi Bosco</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/Martina.jpg</image:loc>
        <image:title>Martina Cioni</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/Massimo.jpg</image:loc>
        <image:title>Massimo D'Antoni</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/10.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-10-header.jpg</image:loc>
        <image:title>QR code on a market stall: Reuters/Alamy Stock Photo/Shailesh Andrade</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-01.jpg</image:loc>
        <image:title>Varallisuus, tulot, arvon aleneminen ja kulutus: kylpyammevertaus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-h.jpg</image:loc>
        <image:title>Lainanotto, korko ja mahdollisuuksien joukko.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-a.jpg</image:loc>
        <image:title>Julialla ei ole mitään
: Julialla ei ole rahaa nyt, mutta hän tietää saavansa myöhemmin sata euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-b.jpg</image:loc>
        <image:title>Tulevien tulojen siirto nykyhetkeen
: Julia voisi esimerkiksi lainata nyt 91 euroa ja luvata, että hän maksaa lainanantajalle myöhemmin saamansa sata euroa. Korko olisi kymmenen prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-c.jpg</image:loc>
        <image:title>Pienempi laina
: Julia voisi lainata samalla kymmenen prosentin korolla myös pienemmän summan 70 euroa ja maksaa vuoden lopussa takaisin 77 euroa. Hänelle jäisi seuraavana vuonna kulutettavaksi 23 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-d.jpg</image:loc>
        <image:title>Vielä pienempi laina
: Julia voisi lainata samalla kymmenen prosentin korolla myös vain 30 euroa ja maksaa vuoden lopussa takaisin 33 euroa. Hänelle jäisi seuraavana vuonna kulutettavaksi 67 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-e.jpg</image:loc>
        <image:title>Julian mahdollisuuksien joukko
: Julian mahdollisuuksien joukon raja määrittää hänen mahdollisuuksien joukkonsa. Tässä kuviossa raja vastaa kymmenen prosentin korkoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-f.jpg</image:loc>
        <image:title>Julian mahdollisuuksien raja
: Lainaamalla rahaa nyt Julia voi valita minkä tahansa yhdistelmän mahdollisuuksien rajaltaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-02-g.jpg</image:loc>
        <image:title>Korkeampi korko
: Jos korko olisi kymmenen prosentin sijasta 78 prosenttia, Julia pystyisi lainaamaan nyt enintään 56 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-a-e.jpg</image:loc>
        <image:title>Kulutuksen tasaaminen: kulutuksen laskeva rajatuotto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-a-a.jpg</image:loc>
        <image:title>Julian vaihtoehdot
: Katkoviiva kuvaa kulutusyhdistelmiä, joista Julia voi valita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-a-b.jpg</image:loc>
        <image:title>Kulutuksen laskeva rajatuotto
: Koska kulutuksen rajatuotto laskee kumpanakin ajanjaksona, Julian samahyötykäyrä on konveksi: jos Julialla on nyt paljon hyödykkeitä, lisäyksiköllä on hänelle pienempi arvo nyt kuin myöhemmin. Samahyötykäyrän kulmakerroin on nykyisen ja tulevan kulutuksen välinen rajasubstituutiosuhde (MRS).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-a-c.jpg</image:loc>
        <image:title>Mitä Julia valitsee?
: Pisteessä C rajasubstituutiosuhde on korkea eli samahyötykäyrän kulmakerroin on suuri: Julia kuluttaa nyt vähän mutta tulevaisuudessa paljon, joten laskeva rajatuotto tarkoittaa, että hän haluaisi siirtää osan kulutuksestaan nykyhetkeen. Pisteessä E rajasubstituutiosuhde on pieni: Julia kuluttaa nyt paljon ja tulevaisuudessa vähemmän. Laskeva rajatuotto tarkoittaa, että hän haluaisi siirtää osan kulutuksestaan nykyhetkeen. Niinpä hänen valintansa osuu pisteiden C ja E välille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-a-d.jpg</image:loc>
        <image:title>MRS laskee
: Kun samahyötykäyrällä siirrytään pisteestä C pisteeseen E, rajasubstituutiosuhde laskee: kulmakerroin on pisteessä C suurempi kuin pisteessä E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-03-b.jpg</image:loc>
        <image:title>Puhdas kärsimättömyys.
: Puhdas kärsimättömyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-f.jpg</image:loc>
        <image:title>Kulutuksen aikaistaminen lainalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-a.jpg</image:loc>
        <image:title>Julian mahdollisuuksien raja
: Julia haluaa päästä mahdollisuuksien joukossa ylimmälle samahyötykäyrälle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-b.jpg</image:loc>
        <image:title>Julian paras vaihtoehto
: Kun korko on kymmenen prosenttia, ylin saavutettavissa oleva samahyötykäyrä on se, joka sivuaa mahdollisuuksien rajaa pisteessä E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-c.jpg</image:loc>
        <image:title>MRS ja MRT
: Tässä pisteessä rajasubstituutiosuhde ja rajamuunnossuhde ovat yhtä suuret: MRS = MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-d.jpg</image:loc>
        <image:title>Lainanottopäätös
: Pisteessä F Julian diskonttokorko ρ ylittää koron r, joten hän haluaisi aikaistaa kulutusta. Samanlainen päättely sulkee mahdollisuuksien rajalta pois muut pisteet, ja jäljelle jää vain piste E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-04-e.jpg</image:loc>
        <image:title>Koron nousu
: Jos lainan korko nousee, mahdollisuuksien joukko pienenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-05.jpg</image:loc>
        <image:title>Varavaihtoehdon samahyötykäyrät ja lähtötilanteet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-f.jpg</image:loc>
        <image:title>Kulutuksen tasaaminen varastoimalla ja lainanannolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-a.jpg</image:loc>
        <image:title>Marcolla on nykyhetkessä varallisuutta
: Marcolla on nykyhetkessä sadan euron arvosta viljaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-b.jpg</image:loc>
        <image:title>Marcon mahdollisuuksien raja
: Tummanpunainen suora kuvaa Marcon mahdollisuuksien rajaa ja tummennettu ala hänen mahdollisuuksien joukkoaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-c.jpg</image:loc>
        <image:title>Marcon preferenssit
: Marcon reservaatio-option samahyötykäyrä kulkee hänen lähtötilanteensa kautta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-d.jpg</image:loc>
        <image:title>Marcon varastointipäätös
: Marco jättää varastoon samahyötykäyrän pisteen H mukaisen määrän viljaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-06-e.jpg</image:loc>
        <image:title>Marcon varastointipäätös
: Vaalea suora kuvaa mahdollisuuksien rajaa, jos Marco antaakin varallisuuttaan lainaksi kymmenen prosentin korolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-07-c.jpg</image:loc>
        <image:title>Investointi tuottoisaan hankkeeseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-07-a.jpg</image:loc>
        <image:title>Investoinnin tuotto
: Jos Marco investoisi kaiken viljansa, hän saisi myöhemmin 150 euron arvosta satoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-07-b.jpg</image:loc>
        <image:title>Investoinnin tuotto
: Mahdollisuuksien rajan kulmakerroin on –1,5. Itseisarvo 1,5 on 1 plus investoinnin tuottoaste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-08-c.jpg</image:loc>
        <image:title>Investointi tuottoisaan hankkeeseen ja lainanotto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-08-a.jpg</image:loc>
        <image:title>Marcon optimaalinen vaihtoehto, kun hänellä on investointimahdollisuuksia
: Kun Marcolla on investointimahdollisuuksia, hänen optimaalinen vaihtoehtonsa on piste K.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-08-b.jpg</image:loc>
        <image:title>Marco saa lainaa
: Jos Marco saisi lainan kymmenen prosentin korolla, hän voisi parantaa asemaansa investoimalla kaikki varansa. Hänen mahdollisuuksien joukkonsa laajenisi punaiseen katkoviivaan asti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-10.jpg</image:loc>
        <image:title>Vaihtoehdot yksilölle, jolla on alussa omaisuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-11.jpg</image:loc>
        <image:title>Tase.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-14.jpg</image:loc>
        <image:title>Pankit, keskuspankki, lainanottajat ja tallettajat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-18-e.jpg</image:loc>
        <image:title>Korot ja kulutus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-18-a.jpg</image:loc>
        <image:title>Julia on tällä hetkellä varaton
: Hän odottaa kuitenkin saavansa vuoden päästä sata euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-18-b.jpg</image:loc>
        <image:title>Rahanlainaajan korko
: Kun rahanlainaaja peri 78 prosentin koron, Julia lainasi tämän hetken kulutukseen 35 euroa (piste G).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-18-c.jpg</image:loc>
        <image:title>Matalampi korko
: Jos korko olisi kymmenen prosenttia, Julia lainaisi ja kuluttaisi nyt 58 euroa (piste E).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-18-d.jpg</image:loc>
        <image:title>Kun korko laskee …
: Kuvion oikeanpuoleinen osa kuvaa Julian nykyisen kulutuksen kasvua pisteestä G pisteeseen E, kun korko laskee. Pisteet G ja E vastaavat kuvion vasemmalla puolella näkyviä pisteitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-0jddkoUl-5o.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-20.jpg</image:loc>
        <image:title>Varallisuus, hankkeen ominaisuudet ja luotot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-21-c.jpg</image:loc>
        <image:title>Eriarvoisuus lainanottajien ja ‑antajien taloudessa. Jos kaikki halukkaat saavat lainaa, Gini-kerroin on 0,57; jos 40 on luottomarkkinoilta syrjäytettyjä, kerroin on 0,70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-21-a.jpg</image:loc>
        <image:title>Lainanantajien ja lainanottajien talous
: Taloudessa on 90 viljelijää, jotka lainaavat rahaa kymmeneltä lainanantajalta. Koska i = 0,10 ja Π = 0,15, lainanantaja saa tuloista 2/3 ja lainansaaja 1/3. Gini-kerroin on 0,57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-10-21-b.jpg</image:loc>
        <image:title>Jotkut lainaa tarvitsevat ovat luottomarkkinoilta syrjäytettyjä
: Kuvitellaan, että mahdollisista lainanottajista 40 on syrjäytettyjä. Koska he eivät saa lainaa, he eivät saa myöskään tuloja.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-07-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-16.jpg</image:loc>
        <image:title>Maximización del beneficio con una demanda elástica (diagrama de la izquierda) y una inelástica (diagrama de la derecha).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-07-17.jpg</image:loc>
        <image:title>Maximización del beneficio con una demanda elástica (diagrama de la izquierda) y una inelástica (diagrama de la derecha).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-08-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Une augmentation de la demande de livres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Une augmentation de l’offre de pain : baisse du Cm.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-08-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Markkinoiden tarjontakäyrä.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/09.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-09-header.jpg</image:loc>
        <image:title>Construction workers: United States of America MCSN Rob Aylward/U.S. Navy</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-01-b.jpg</image:loc>
        <image:title>Miesten reaalityötulot viikkoa kohti Länsi-Australian osavaltiossa (vasen akseli), rautamalmin maailmanmarkkinahinta ja Australian työttömyysaste (oikea akseli), 1989–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-01-a.jpg</image:loc>
        <image:title>Viikkotyötulot
: Kuvioon on piirretty miesten reaaliset viikkotyötulot Länsi-Australian osavaltiossa sekä rautamalmin maailmanmarkkinahinta (ylempi kaavio) ja Australian työttömyysaste (alempi kaavio).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-02.jpg</image:loc>
        <image:title>Työmarkkinat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-04-c.jpg</image:loc>
        <image:title>Palkanasetantakäyrä: kansantalouden tehokkuuspalkat ja työttömyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-04-a.jpg</image:loc>
        <image:title>Palkanasetantakäyrä
: Ylöspäin kaartuva käyrä on palkanasetantakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-04-b.jpg</image:loc>
        <image:title>Voiton maksimoiva palkka korkean työttömyyden vallitessa
: Kun työttömyysaste on 12 prosenttia, työntekijöiden reservaatiopalkka on pieni ja työntekijät työskentelevät ahkerasti jo suhteellisen pienellä palkalla. Silloin yritysten voiton maksimoiva palkka on pieni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-05.jpg</image:loc>
        <image:title>Palkanasetantakäyrän johtaminen työttömyysastetta vaihtelemalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-06.jpg</image:loc>
        <image:title>Yhdysvaltain talouden estimoitu palkanasetantakäyrä vuosina 1979–2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-07.jpg</image:loc>
        <image:title>Palkanasetantakäyrä: työpanoksen kaksi tasoa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-09-b.jpg</image:loc>
        <image:title>Yrityksen voiton maksimoiva hinta, määrä ja työllistetyt työntekijät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-09-a.jpg</image:loc>
        <image:title>Maksimivoitot
: Voitot maksimoituvat pisteessä B, jossa yrityksen kysyntäkäyrä sivuaa yhtä samavoittokäyristä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-10.jpg</image:loc>
        <image:title>Hinnanasetantakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-11-d.jpg</image:loc>
        <image:title>Hinnanasetantakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-11-a.jpg</image:loc>
        <image:title>Piste A
: Piste A on hinnanasetantakäyrän yläpuolella, jolloin reaalipalkka ylittää yrityksen voiton maksimoivaa voittomarginaalia vastaavan tason. Jos reaalipalkka on liian suuri, voittomarginaali jää liian pieneksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-11-b.jpg</image:loc>
        <image:title>Piste B
: Yritys korottaa hintaansa päästäkseen pisteeseen B, jossa voitot ovat suuremmat. Hinnankorotus tarkoittaa, että yritys myy vähemmän tuotteita. Koska sama toistuu kaikissa yrityksissä, kokonaistyöllisyys vähenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-11-c.jpg</image:loc>
        <image:title>Piste C
: Hinnanasetantakäyrän alapuolella pisteessä C yritykset laskevat hintojaan ja palkkaavat lisää työntekijöitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-mcq-05.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-12.jpg</image:loc>
        <image:title>Työmarkkinoiden tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-13-c.jpg</image:loc>
        <image:title>Tasapainotyöttömyys ja suhdannetyöttömyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-13-a.jpg</image:loc>
        <image:title>Piste X
: Pisteessä X työttömyys on työmarkkinatasapainoa vastaavalla tasolla. Tässä pisteessä työpaikan menetyksestä aiheutuu kustannuksia, joten työttömäksi jäävän työntekijän kannalta työttömyys on työpaikkaa huonompi vaihtoehto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-13-b.jpg</image:loc>
        <image:title>Piste B
: Pisteessä B vastentahtoisesti työttömiä työnhakijoita on enemmän. Työttömyyden lisäys johtuu matalasta kokonaiskysynnästä. Tällaista työttömyyttä sanotaan suhdannetyöttömyydeksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-14-a.jpg</image:loc>
        <image:title>Uusi samavoittokäyrä
: Pisteen B kautta kulkeva uusi samavoittokäyrä (joka vastaa alempaa palkkatasoa) on jyrkempi kuin kysyntäkäyrä. Yritys voi silloin parantaa tulostaan laskemalla hintaa ja siirtymällä kysyntäkäyrää pitkin alaspäin, jolloin se myy enemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-14-b.jpg</image:loc>
        <image:title>Maksimivoitot
: Yritys jatkaa hinnanalennuksia, kunnes se pääsee kysyntäkäyrällä pisteeseen, jossa jokin uusista, tummansinisistä samavoittokäyristä sivuaa kysyntäkäyrää. Yrityksen voitto maksimoituu pisteessä X.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-15-b.jpg</image:loc>
        <image:title>Kysyntää lisäävä raha- tai finanssipolitiikka saa yrityksen lisäämään tuotantoa ja työllistämään enemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-15-a.jpg</image:loc>
        <image:title>Ennen kysynnän lisäystä
: Yritys on jälleen aluksi pisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-16-a.jpg</image:loc>
        <image:title>Finanssi- tai rahapolitiikalla toteutettu korjausliike pisteen X mukaiseen tasapainotyöttömyyteen yrityksen näkökulmasta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-16-b.jpg</image:loc>
        <image:title>Palkan- ja hinnanalennusten korjausliike pisteen X mukaiseen tasapainotyöttömyyteen yrityksen näkökulmasta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-16-c.jpg</image:loc>
        <image:title>Kansantalouden työmarkkinat: suhdannetyöttömyys ja tasapainotyöttömyys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-17.jpg</image:loc>
        <image:title>Tulonjako työmarkkinatasapainossa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-18-c.jpg</image:loc>
        <image:title>Kilpailu kiristyy: hinnanasetantakäyrä nousee ja tulonjako tasoittuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-18-a.jpg</image:loc>
        <image:title>Alkutilanteen tasapaino
: Lähdemme liikkeelle tasapainotilasta A, jossa Gini-kerroin on 0,36. Mitä tapahtuu, jos yritysten välinen kilpailu kiristyy?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-18-b.jpg</image:loc>
        <image:title>Uusi tasapaino
: Markkinoilla toimivien yritysten valitsema voittomarginaali laskee, jolloin hinnanasetantakäyrä nousee. Uusi tasapainopiste on B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-einstein.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-g.jpg</image:loc>
        <image:title>Maahanmuuton vaikutus työttömyyteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-a.jpg</image:loc>
        <image:title>Alkutilanne
: Alkutilanteessa talous on pisteessä A, jossa työllisiä on neljä miljoonaa, palkka on 20 euroa tunnilta ja työvoimaan kuuluu viisi miljoonaa henkilöä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-b.jpg</image:loc>
        <image:title>Työttömiä on miljoona
: Etäisyys U kertoo työttömien määrän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-c.jpg</image:loc>
        <image:title>Maahanmuuttajat liittyvät työvoimaan
: Työvoima kasvaa viidestä miljoonasta 5,5 miljoonaan työntekijään.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-d.jpg</image:loc>
        <image:title>Palkanasetantakäyrä siirtyy alaspäin
: Työttömiä on nyt enemmän kaikilla työllisyystasoilla. Työttömyys kasvaa 1,5 miljoonaan, jota vastaa etäisyys U′. Työpaikan menetys muuttuu vakavaksi uhaksi, jolloin työnantajat saavat tarvitsemansa työpanoksen pienemmällä palkalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-e.jpg</image:loc>
        <image:title>Yritykset alentavat palkkoja
: Yritykset asettavat palkan palkanasetantakäyrän pisteeseen B, jossa palkka on 13 euroa tunnilta ja työllisiä edelleen neljä miljoonaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-19-f.jpg</image:loc>
        <image:title>Voitot kasvavat
: Voittojen kasvaessa yritykset työllistävät enemmän. Ne joutuvat nostamaan palkkoja palkanasetantakäyrällä. Työmarkkinat siirtyvät pisteestä B pisteeseen C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-20.jpg</image:loc>
        <image:title>Työntekijät, joiden palkka määräytyy työehtosopimuksen perusteella. Tiedot 2010-luvun alusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-21-c.jpg</image:loc>
        <image:title>Ammattiliitto asettaa yrityksen palkan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-21-a.jpg</image:loc>
        <image:title>Työnantaja asettaa palkan
: Pisteessä A työnantaja asettaa voiton maksimoivan palkan, joka on samakustannussuoran ja parhaan vasteen funktion sivuamispisteessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-21-b.jpg</image:loc>
        <image:title>Ammattiliitto asettaa palkan
: Jos palkan asettaa ammattiliitto, palkka on korkeampi kuin työnantajalle paras vaihtoehto ja työntekijöiden työpanos kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-22.jpg</image:loc>
        <image:title>Neuvoteltu palkanasetantakäyrä ilman sananvaltavaikutusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-23.jpg</image:loc>
        <image:title>Ammattiliittojen neuvottelemien sopimusten kattavuus ja työttömyysaste OECD-maissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-24-c.jpg</image:loc>
        <image:title>Ammattiliitto asettaa yrityksen palkan ja työntekijät toimivat vastavuoroisesti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-24-a.jpg</image:loc>
        <image:title>Työnantaja asettaa palkan
: Pisteessä A työnantaja asettaa voiton maksimoivan palkan, joka on samakustannussuoran ja parhaan vasteen funktion sivuamispisteessä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-24-b.jpg</image:loc>
        <image:title>Työnantaja tunnustaa ammattiliiton neuvottelukumppaniksi
: Jos työnantaja tunnustaa ammattiliiton neuvottelukumppaniksi ja suostuu palkkaa nostaviin kompromisseihin, ja jos työntekijät tulkitsevat tämän hyvän tahdon eleeksi, parhaan vasteen funktio siirtyy ylöspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-25.jpg</image:loc>
        <image:title>Neuvoteltu palkanasetantakäyrä ja työmarkkinatasapaino, kun sananvaltavaikutus toteutuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-26-c.jpg</image:loc>
        <image:title>Palkanasetantakäyrän johtaminen työttömyyskorvauksen määrää vaihtelemalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-26-a.jpg</image:loc>
        <image:title>Yritys asettaa palkan
: Kun työttömyysaste on 12 prosenttia ja työttömyyskorvaus pieni, yritys asettaa palkan ylemmän kaavion pisteeseen A, jota vastaa alemmassa kaaviossa niin ikään piste A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-09-26-b.jpg</image:loc>
        <image:title>Työttömyyskorvausta korotetaan
: Uusi palkanasetantakäyrä kulkee pisteen C kautta.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-05-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-05-04-01-01.svg</image:loc>
        <image:title>Indifference curves with the property that the MRS depends only on free time.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/0-6-contributors.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-yann-algan.jpg</image:loc>
        <image:title>Yann Algan</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-tim-besley.jpg</image:loc>
        <image:title>Timothy Besley</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-sam-bowles.jpg</image:loc>
        <image:title>Samuel Bowles</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-antonio-cabrales.jpg</image:loc>
        <image:title>Antonio Cabrales</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-juan-camilo-cardenas.jpg</image:loc>
        <image:title>Juan Camilo Cárdenas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-wendy-carlin.jpg</image:loc>
        <image:title>Wendy Carlin</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-diane-coyle.jpg</image:loc>
        <image:title>Diane Coyle</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-marion-dumas.jpg</image:loc>
        <image:title>Marion Dumas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-cameron-hepburn.jpg</image:loc>
        <image:title>Cameron Hepburn</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-daniel-hojman.jpg</image:loc>
        <image:title>Daniel Hojman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-david-hope.jpg</image:loc>
        <image:title>David Hope</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-arjun-jayadev.jpg</image:loc>
        <image:title>Arjun Jayadev</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-suresh-naidu.jpg</image:loc>
        <image:title>Suresh Naidu</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-robin-naylor.jpg</image:loc>
        <image:title>Robin Naylor</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-kevin-orourke.jpg</image:loc>
        <image:title>Kevin O'Rourke</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-begum-ozkaynak.jpg</image:loc>
        <image:title>Begüm Özkaynak</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-malcolm-pemberton.jpg</image:loc>
        <image:title>Malcolm Pemberton</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-nicholas-rau.jpg</image:loc>
        <image:title>Nicholas Rau</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-paul-segal.jpg</image:loc>
        <image:title>Paul Segal</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-rajiv-sethi.jpg</image:loc>
        <image:title>Rajiv Sethi</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-margaret-stevens.jpg</image:loc>
        <image:title>Margaret Stevens</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-alex-teytelboym.jpg</image:loc>
        <image:title>Alexander Teytelboym</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/contributor-georg-von-gravenitz.jpg</image:loc>
        <image:title>Georg von Graevenitz</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-11-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>L’apparition d’une bulle sur les actions de la FCC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-18.jpg</image:loc>
        <image:title>Un équilibre instable.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-07-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-07-11.svg</image:loc>
        <image:title>The profit-maximizing choice of price and quantity for Beautiful Cars.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/06.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-06-header.jpg</image:loc>
        <image:title>Detroit Industry, North Wall: Art Directors and TRIP/Alamy Stock Photo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/06-herbert-simon.jpg</image:loc>
        <image:title>Herbert Simon</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-01-c.jpg</image:loc>
        <image:title>Los actores de la empresa y la toma de decisiones y estructuras de información en el seno de esta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-01-a.jpg</image:loc>
        <image:title>Los propietarios deciden las estrategias a largo plazo
: Los propietarios, a través de su junta directiva, deciden las estrategias a largo plazo de la empresa con respecto a cómo, qué y dónde producir, y luego ordenan a los gerentes que pongan en práctica esas decisiones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-01-b.jpg</image:loc>
        <image:title>Los gerentes asignan trabajadores a las diferentes tareas
: Cada gerente asigna a los trabajadores las tareas necesarias para que esas decisiones se pongan en práctica e intenta garantizar que las tareas se lleven a cabo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/06-karl-marx.jpg</image:loc>
        <image:title>Photograph of Karl Marx by John Mayall, public domain, via Wikimedia Commons</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-g.jpg</image:loc>
        <image:title>Renta del empleo de María, para un esfuerzo determinado y un salario de 12 dólares por hora en una economía sin prestación por desempleo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-a.jpg</image:loc>
        <image:title>El salario de María
: El salario por hora de María después de impuestos y otras deducciones es de 12 dólares. Yendo hacia adelante en el tiempo a partir de ahora (que consideramos el punto de partida 0), María continuará recibiendo este salario en el futuro si conserva su trabajo. Este salario se representa con la línea horizontal en la parte superior de la figura.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-b.jpg</image:loc>
        <image:title>La desutilidad de trabajar
: El nivel de esfuerzo actual de María es de 0,5: realiza actividades no laborales la mitad del tiempo que pasa en el trabajo. Para María trabajar con ese nivel de esfuerzo tiene un costo equivalente a 2 dólares por hora.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-c.jpg</image:loc>
        <image:title>El beneficio neto de trabajar
: La diferencia entre su salario y la desutilidad que le supone el esfuerzo son las rentas económicas por hora que ella percibe mientras está empleada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-d.jpg</image:loc>
        <image:title>Si María pierde el trabajo
: Ahora bien, si María perdiera su trabajo en el momento 0, ya no recibiría su salario. Este desafortunado estado de cosas persistiría mientras permaneciera desempleada. En el gráfico, este supuesto lo representa la línea horizontal en la parte inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-e.jpg</image:loc>
        <image:title>La duración de la situación de desempleo
: La duración esperada de la situación de desempleo es de 44 semanas en las que habría trabajado 35 horas por semana si tuviera trabajo. Ese es el tiempo que permanecerá sin recibir ingresos (y sin que sufra tampoco la desutilidad de trabajar).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-02-f.jpg</image:loc>
        <image:title>María encuentra un trabajo
: María espera encontrar otro trabajo con el mismo salario después de 44 semanas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-03.jpg</image:loc>
        <image:title>La renta de María para un esfuerzo determinado y un salario de 12 dólares en una economía con prestación por desempleo de 6 dólares de duración ilimitada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-g.jpg</image:loc>
        <image:title>La mejor respuesta de María al salario. El punto J hace referencia a la información de la figura 6.3 (salario = 12 dólares, esfuerzo = 0,5 y duración esperada del desempleo si ella perdiera su trabajo = 44 semanas).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-a.jpg</image:loc>
        <image:title>Esfuerzo por hora
: El esfuerzo por hora, medido en el eje vertical, varía entre cero y uno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-b.jpg</image:loc>
        <image:title>La relación entre esfuerzo y salario
: Si a María le pagan 6 dólares, no le importa si pierde su trabajo, porque 6 dólares es su salario de reserva. Por eso no hace ningún esfuerzo con un salario de 6 dólares. Si le pagan más, se esforzará más.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>La mejor respuesta del trabajador
: La curva de pendiente ascendente muestra cuánto esfuerzo realiza María para cada valor del salario por hora en el eje horizontal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-d.jpg</image:loc>
        <image:title>El efecto de un aumento salarial cuando el esfuerzo es bajo
: Cuando el salario es bajo, la curva de mejor respuesta tiene mucha pendiente: un pequeño aumento salarial aumenta el esfuerzo en una cantidad sustancial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-e.jpg</image:loc>
        <image:title>Rendimientos marginales decrecientes
: Sin embargo, a niveles salariales más altos, los aumentos salariales tienen un efecto menor en el esfuerzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-f.jpg</image:loc>
        <image:title>El conjunto factible del empleador
: La curva de mejor respuesta es la frontera del conjunto factible de combinaciones de salarios y esfuerzo que el empleador obtiene de sus empleados.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-05-e.jpg</image:loc>
        <image:title>Curvas de indiferencia del empleador: Curvas de isocosto del esfuerzo
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-05-a.jpg</image:loc>
        <image:title>Una línea de isocosto del esfuerzo
: Si w = 10 USD y e = 0,45, e/w = 0,045. En cada punto de esta línea la relación esfuerzo/salario es la misma. El costo de una unidad de esfuerzo es w/e = 22,22 USD.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-05-b.jpg</image:loc>
        <image:title>La pendiente de la línea de isocosto
: La línea presenta una pendiente ascendente porque un nivel de esfuerzo más alto debe ir acompañado de un salario más alto para que la razón e/w no cambie. La pendiente es igual a e/w = 0,045, el número de unidades de esfuerzo por dólar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-05-c.jpg</image:loc>
        <image:title>Otras líneas de isocosto
: En una línea de isocosto, la pendiente es e/w, pero el costo del esfuerzo es w/e. La línea con más pendiente tiene un menor costo del esfuerzo, y la línea más plana tiene un mayor costo del esfuerzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-05-d.jpg</image:loc>
        <image:title>Algunas líneas son mejores que otras para el empleador
: Una línea más pronunciada significa un menor costo del esfuerzo y, por lo tanto, mayores ganancias para el empleador. En la línea de isocosto con más pendiente, obtiene 0,7 unidades de esfuerzo por un salario de 10 dólares (en B), por lo que el costo del esfuerzo es de 10 USD/0,7 = 14,29 USD por unidad. En la línea intermedia, solo obtiene 0,45 unidades de esfuerzo con ese salario, por lo que el costo del esfuerzo es de 22,22 dólares y obtiene menos beneficios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>El empleador establece el salario para minimizar el costo del esfuerzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-a.jpg</image:loc>
        <image:title>Minimización del costo del esfuerzo
: Para maximizar las ganancias, el propietario quiere obtener esfuerzo al menor costo y, por tanto, tratará de llegar a la línea de isocosto con más pendiente posible. Debido a que no puede imponer el nivel de esfuerzo, tiene que elegir algún punto en la curva de mejor respuesta del trabajador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-b.jpg</image:loc>
        <image:title>C no es la mejor opción para el empleador
: ¿Podría tratarse de un punto como C? No. Está claro que, al pagar más, el propietario se beneficiará de una razón salario-esfuerzo menor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-c.jpg</image:loc>
        <image:title>El punto A es la mejor opción para el empleador
: Su mejor opción es la línea de isocosto que justo toca (es tangente a) la curva de mejor respuesta del trabajador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-d.jpg</image:loc>
        <image:title>TMS = TMT
: En este punto, la tasa marginal de sustitución (la pendiente de la línea de isocosto del esfuerzo) es igual a la tasa marginal de transformación de salarios más altos en un mayor esfuerzo (la pendiente de la función de mejor respuesta).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-06-e.jpg</image:loc>
        <image:title>Punto B
: Los puntos de la línea de isocosto con más pendiente, como el punto B, tendrían costos más bajos para el empleador, pero no son factibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-07-d.jpg</image:loc>
        <image:title>La curva de mejor respuesta depende del nivel de desempleo y de la prestación por desempleo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-07-a.jpg</image:loc>
        <image:title>Statu quo
: La posición de la curva de mejor respuesta depende del salario de reserva. Cruza el eje horizontal en este punto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-07-b.jpg</image:loc>
        <image:title>El efecto de las prestaciones por desempleo
: Un incremento en las prestaciones por desempleo aumenta el salario de reserva y desplaza la curva de mejor respuesta del trabajador hacia la derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-07-c.jpg</image:loc>
        <image:title>Un aumento del nivel de desempleo
: Si el desempleo aumenta, la duración esperada del periodo de desempleo aumenta también. Así que el salario de reserva del trabajador cae y la curva de mejor respuesta se desplaza hacia la izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/06-john-stuart-mill.jpg</image:loc>
        <image:title>The Popular Science Monthly</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-g.svg</image:loc>
        <image:title>Mapping Alexei’s preferences.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/17.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-17-header.jpg</image:loc>
        <image:title>Financial Crisis Headline Montage: pingnews.com, https://goo.gl/yAQq7m, licensed under CC BY-SA 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-01-a.svg</image:loc>
        <image:title>The Great Depression and the global financial crisis: Industrial production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-01-b.svg</image:loc>
        <image:title>The Great Depression and the global financial crisis: Monetary policy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-01-c.svg</image:loc>
        <image:title>The Great Depression and the global financial crisis: Fiscal policy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-02.svg</image:loc>
        <image:title>Unemployment, productivity growth, and inequality in the US (1914–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-03.svg</image:loc>
        <image:title>Upper panel: Capital stock growth and profit rates for US non-financial corporations (1927–2015). Lower panel: Effective tax rate on profits for US non-financial corporations (1929–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-04.svg</image:loc>
        <image:title>Debt as a percentage of GDP in the US: Households, non-financial business sector, financial business sector, and the government (1945–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-mcq-01.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-mcq-02.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-06.svg</image:loc>
        <image:title>The effect of the Great Depression on the US economy (1928–1941).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-07.svg</image:loc>
        <image:title>Changes in the components of aggregate demand during upswings and downswings (1924 Q3 to 1941 Q4).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-08.svg</image:loc>
        <image:title>Policy choices in the Great Depression: The US (1921–1941).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-09.svg</image:loc>
        <image:title>The Great Depression and recovery: Households cut consumption to restore target wealth in the depression; and increased consumption from 1933.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-HOv1H4ht0XI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-10.svg</image:loc>
        <image:title>The golden age of capitalism in historical perspective.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-11.svg</image:loc>
        <image:title>Catching up to the US during the golden age and beyond (1950–2016).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-12-d.svg</image:loc>
        <image:title>The golden age: Using the wage- and price-setting curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-12-a.svg</image:loc>
        <image:title>The beginning of the golden age
: Suppose that the US economy was at point A at the beginning of the golden age, with unemployment of 5%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-12-b.svg</image:loc>
        <image:title>Technological progress
: This shifts the price-setting curve up (to the one labelled ‘late 1950s/60s’). This stimulates high investment, consistent with the data for the growth of the capital stock in the US shown in Figure 17.3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-12-c.svg</image:loc>
        <image:title>The wage-setting curve shifts up, but less than the price-setting curve
: Strong unions and favourable government policies increased labour’s bargaining power. But through accords with employers, the resulting upward shift in the wage-setting curve was modest.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-13.svg</image:loc>
        <image:title>Trade union membership and the size of government in the US (1913–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-14.svg</image:loc>
        <image:title>The end of the golden age: Strikes and wages relative to share prices in advanced economies (1950–2002).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-15-d.svg</image:loc>
        <image:title>The end of the golden age: Using the wage and price-setting curves. (Note that the real wage on the vertical axis is measured post-tax and in terms of consumer prices.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-15-a.svg</image:loc>
        <image:title>The postwar accord collapses
: The upward shift in the wage-setting curve represents the collapse of postwar accords during the late 1960s and early 1970s.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-15-b.svg</image:loc>
        <image:title>The first oil shock (1973)
: In 1973, the first oil price shock occurred. This pushed the price-setting curve down.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-15-c.svg</image:loc>
        <image:title>Inflation-stabilizing unemployment increases
: The combination of a downward shift in the price-setting curve and an upward shift in the wage-setting curve meant that the sustainable long-term unemployment rate increased to 7%, shown at point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-16.svg</image:loc>
        <image:title>After the golden age: Unemployment and inflation in advanced economies (1960–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-15-06-g.svg</image:loc>
        <image:title>Figure 15.6 shows the inflation and unemployment combinations for the US for each year between 1960 and 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-17.svg</image:loc>
        <image:title>The golden age and its aftermath: Real wages and output per production worker in manufacturing in the US (1949–2016).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-18.svg</image:loc>
        <image:title>The housing market on the way up and on the way down.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-19.svg</image:loc>
        <image:title>The household debt-to-income ratio and house prices in the US (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-20.svg</image:loc>
        <image:title>Household wealth and debt in the US: Poorest and richest quintiles by net worth (2007).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-21.svg</image:loc>
        <image:title>Leverage ratio of banks in the UK and US (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/17-hyman-minsky.jpg</image:loc>
        <image:title>Hyman Minsky</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-22.svg</image:loc>
        <image:title>Unstable and stable equilibria in the housing market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-23.svg</image:loc>
        <image:title>Unstable and stable equilibria in the housing market: The S-shaped PDC.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-24-d.svg</image:loc>
        <image:title>A tipping point in the housing market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-24-a.svg</image:loc>
        <image:title>An equilibrium at B
: At Point B, house prices are high, but stable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-24-b.svg</image:loc>
        <image:title>Some owners get ‘cold feet’
: Suppose some people start to believe that prices are too high and sell their houses. This is shown by a downward shift of the S-shaped price dynamics curve to the darker blue one.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-24-c.svg</image:loc>
        <image:title>A change in sentiment
: As more people come round to the view that prices will fall and also sell, the S-shaped curve shifts down and prices fall along the broken arrow from B to Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-25-c.svg</image:loc>
        <image:title>The financial crisis: The US housing price collapse.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-25-a.svg</image:loc>
        <image:title>The US economy (2006)
: The housing market in the US economy in 2006 is shown at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-25-b.svg</image:loc>
        <image:title>House prices fall (2007)
: House prices began to decline in 2007 as demand shifted downwards from A to B, pushing the house price index down to 92 from its peak of 100.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-26.svg</image:loc>
        <image:title>Aggregate demand and the financial crisis in the US (2006 Q2–2010 Q4).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-27-d.svg</image:loc>
        <image:title>The financial crisis: Housing boom, household debt, and house price crash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-27-a.svg</image:loc>
        <image:title>The great moderation (1980s)
: Column A shows the situation in the 1980s.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-27-b.svg</image:loc>
        <image:title>Rising house prices (1990s–2006)
: Through the 1990s and especially in the early 2000s, rising house prices increased total wealth, so households increased consumption by increasing debt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-27-c.svg</image:loc>
        <image:title>Falling house prices (2006–2009)
: Rising unemployment led to a downward re-evaluation of expected future earnings from employment. Household net worth shrank.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-g_W9SsstO9Y.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-w4gcdQA33aI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-17-28.svg</image:loc>
        <image:title>Policy choices during the end of the golden age: The US (1960–79).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-HYxJeuGzXAo.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-02-07-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>Función de producción del agricultor: Productividad marginal decreciente del trabajo.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/13.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-13-header.jpg</image:loc>
        <image:title>An impending storm: 80 trading 24, https://goo.gl/je7HmL, licenza CC BY-SA 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-01.jpg</image:loc>
        <image:title>Variazioni della disoccupazione e del benessere negli Stati Uniti durante la crisi finanziaria (2007–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-02-b.jpg</image:loc>
        <image:title>PIL pro capite in Regno Unito (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-02-a.jpg</image:loc>
        <image:title>Tasso di crescita annuo dal 1921
: Nel grafico di destra, la pendenza della curva (retta nera tratteggiata) rappresenta il tasso medio di crescita annuo dal 1921 al 2014, che è del 2.0%. La crescita, quindi, è stata stabile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-03-d.jpg</image:loc>
        <image:title>Crescita del PIL e tasso di disoccupazione nel Regno Unito (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-03-a.jpg</image:loc>
        <image:title>Crescita del PIL e disoccupazione in Regno Unito
: I grafici mostrano la crescita del PIL e il tasso di disoccupazione per il Regno Unito nel periodo 1875–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-03-b.jpg</image:loc>
        <image:title>Picchi e depressioni
: Le frecce indicano i picchi e i punti più bassi del ciclo economico durante gli ultimi anni Ottanta e i primi anni Novanta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-03-c.jpg</image:loc>
        <image:title>La crisi finanziaria globale
: Nel XXI secolo, la crisi finanziaria del 2008 ha avuto luogo dopo un periodo in cui le fluttuazione erano limitate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-mcq-01.jpg</image:loc>
        <image:title>il logaritmo naturale del PIL reale pro capite in Regno Unito tra il 1875 e il 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-04-a.jpg</image:loc>
        <image:title>Dati su una scala logaritmica con una funzione esponenziale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-04-b.jpg</image:loc>
        <image:title>Dati trasformati in logaritmi naturali su una scala lineare con una funzione lineare.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-05.jpg</image:loc>
        <image:title>La legge di Okun per alcune economie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-flowchart-01.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-mcq-02.jpg</image:loc>
        <image:title>La crescita del PIL reale e la variazione della disoccupazione negli USA tra il 1961 e il 2019.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-ROpFSrUMs-A.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-06.jpg</image:loc>
        <image:title>Il modello del flusso circolare: tre modi di misurare il PIL.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-a-e.jpg</image:loc>
        <image:title>Il contributo dell’agricoltura al ciclo economico in Gran Bretagna (1550–1700).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-a-a.jpg</image:loc>
        <image:title>Crescita del PIL tra il 1550 e il 1700
: La figura mostra il tasso di crescita del PIL reale e i suoi tre principali settori nel periodo indicato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-a-b.jpg</image:loc>
        <image:title>Il tasso di crescita dell’agricoltura
: Il settore agricolo è molto più volatile degli altri settori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-a-c.jpg</image:loc>
        <image:title>Il tasso di crescita del settore industriale
: In questo periodo la differenza nell’output del settore agricolo da un anno al successivo è in media tre volte più grande di quella del settore industriale …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-a-d.jpg</image:loc>
        <image:title>Il tasso di crescita del settore dei servizi
: … e oltre 10 volte più grande di quella del settore dei servizi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-09-b.jpg</image:loc>
        <image:title>Il contributo dell’agricoltura al ciclo economico in India (1961–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-10-c.jpg</image:loc>
        <image:title>La stabilizzazione dei consumi nel corso della vita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-10-a.jpg</image:loc>
        <image:title>Reddito nel corso del tempo
: La linea blu mostra il livello del reddito nel tempo: si parte da un livello basso, il reddito aumenta quando l’individuo viene promosso e si riduce al momento del pensionamento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-10-b.jpg</image:loc>
        <image:title>Spesa per consumi
: I consumi sono rappresentati dalla linea rossa. Una volta che l’individuo ottiene un lavoro, il loro livello aumenta e resta costante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-11-c.jpg</image:loc>
        <image:title>Il consumo con accesso limitato al credito: un aumento atteso del reddito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-11-a.jpg</image:loc>
        <image:title>Il livello del reddito nel tempo
: Le linee blu mostrano che il profilo del reddito nel corso del tempo è lo stesso per entrambe le famiglie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-11-b.jpg</image:loc>
        <image:title>Stabilizzazione dei consumi
: La linea rossa nel grafico superiore mostra che, in una famiglia che vuole stabilizzare i propri consumi, il consumo aumenta non appena viene ricevuta la notizia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-f.jpg</image:loc>
        <image:title>Famiglie con e senza limitazioni di accesso al credito: una diminuzione temporanea inattesa del reddito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-a.jpg</image:loc>
        <image:title>Lo stesso reddito in entrambi i periodi
: Una famiglia riceve lo stesso reddito, y, nel periodo corrente (oggi) e nel successivo (domani). Tale situazione è rappresentata dal punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-b.jpg</image:loc>
        <image:title>Una famiglia senza limiti di accesso al credito
: Se il tasso di interesse è r e la famiglia può prendere a prestito e risparmiare, sarà possibile scegliere qualsiasi punto sul vincolo di bilancio, che ha pendenza .
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-c.jpg</image:loc>
        <image:title>Preferenza per un livello costante di consumi
: Supponiamo che la famiglia preferisce consumare lo stesso ammontare in entrambi i periodi; essa sceglierà il punto A, nel quale la curva di indifferenza è tangente al vincolo di bilancio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-d.jpg</image:loc>
        <image:title>Uno shock negativo
: Supponiamo quindi che la famiglia subisca uno shock negativo temporaneo e inatteso del suo reddito, ad esempio un raccolto scarso, che riduce il reddito di oggi a y′, lasciando invariato a y il reddito atteso per domani.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-12-e.jpg</image:loc>
        <image:title>Il nuovo vincolo di bilancio
: Il nuovo vincolo di bilancio ha una pendenza di  e passa per il punto A′. La famiglia prende a prestito  oggi e restituisce  domani.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-13-c.jpg</image:loc>
        <image:title>Effetto di una diminuzione attesa del reddito sui consumi di una famiglia con scarsa autodisciplina.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-13-a.jpg</image:loc>
        <image:title>Il livello del reddito nel tempo
: Le linee blu nella figura mostrano che il profilo temporale del livello del reddito è lo stesso per entrambe le famiglie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-13-b.jpg</image:loc>
        <image:title>Stabilizzazione dei consumi
: La linea rossa nel grafico superiore mostra i consumi di una famiglia che intende stabilizzare i propri consumi. Alla notizia dell’imminente riduzione del reddito, essa comincia immediatamente a risparmiare per evitare di dover ridurre i consumi quando il reddito diminuirà.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-mcq-07.jpg</image:loc>
        <image:title>Il sentiero del reddito per una famiglia che riceve informazioni su un aumento e una diminuzione attesa del reddito futuro nei periodi rappresentati.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-14.jpg</image:loc>
        <image:title>Investimenti in nuove tecnologie e la bolla dotcom (1991–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-15.jpg</image:loc>
        <image:title>Le aspettative negative sulla domanda futura creano un circolo vizioso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-16.jpg</image:loc>
        <image:title>Le aspettative positive sulla domanda futura creano un circolo virtuoso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-17.jpg</image:loc>
        <image:title>Le decisioni di investimento come gioco di coordinamento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-18.jpg</image:loc>
        <image:title>Investimenti e fiducia delle imprese nell’Area Euro (1996–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-19-a.jpg</image:loc>
        <image:title>Tassi di crescita di consumi, investimenti e PIL nel Regno Unito e negli Stati Uniti, percentuale annua (1956–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-19-b.jpg</image:loc>
        <image:title>Tassi di crescita di consumi, investimenti e PIL in Messico e Sudafrica (1961–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-mcq-08.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-20-a.jpg</image:loc>
        <image:title>Crescita del PIL in Regno Unito (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-20-b.jpg</image:loc>
        <image:title>Tasso di disoccupazione in Regno Unito (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-20-c.jpg</image:loc>
        <image:title>Tasso di inflazione in Regno Unito (1875–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-13-21.jpg</image:loc>
        <image:title>Livelli di inflazione e volatilità in economie ad alto e basso reddito.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>La fonction de production d’Angela se déplace vers le haut.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-01-02.jpg</image:loc>
        <image:title>Deux manières de déplacer la fonction de production.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-22-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-09.svg</image:loc>
        <image:title>Choice of taxes under less and more competitive conditions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-03-01-02.svg</image:loc>
        <image:title>The income and substitution effects of an increase in political competition.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>Miten Alexein valitsema vapaa-ajan määrä vaikuttaa arvosanaan?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-04-01-02.jpg</image:loc>
        <image:title>Mahdollisuuksien raja  ja sitä vastaava rajamuunnossuhde.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-05-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-05-04-01-01.jpg</image:loc>
        <image:title>Curvas de indiferencia con la propiedad de que la TMS solo dependa del ocio.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>Elección de combinación óptima de tiempo libre y nota de examen por parte de Alexei.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/06.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-06-header.jpg</image:loc>
        <image:title>Detroit Industry, North Wall: Art Directors and TRIP/Alamy Stock Photo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/06-herbert-simon.jpg</image:loc>
        <image:title>Herbert Simon</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-01-c.svg</image:loc>
        <image:title>The firm’s actors and its decision making and information structures.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-01-a.svg</image:loc>
        <image:title>Owners decide long-term strategies
: The owners, through their board of directors, decide the long-term strategies of the firm concerning how, what, and where to produce. They then direct the manager(s) to implement these decisions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-01-b.svg</image:loc>
        <image:title>Managers assign workers
: 
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/06-karl-marx.jpg</image:loc>
        <image:title>Photograph of Karl Marx by John Mayall, public domain, via Wikimedia Commons</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-g.svg</image:loc>
        <image:title>Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-a.svg</image:loc>
        <image:title>Maria’s wage
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-b.svg</image:loc>
        <image:title>The disutility of working
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-c.svg</image:loc>
        <image:title>The net benefit of working
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-d.svg</image:loc>
        <image:title>If Maria loses her job
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-e.svg</image:loc>
        <image:title>The duration of unemployment
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-02-f.svg</image:loc>
        <image:title>Maria finds a job
: Maria’s employment rent for a given effort and $12 wage in an economy without an unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-03.svg</image:loc>
        <image:title>Maria’s employment rent for a given effort and a $12 wage in an economy with an unemployment benefit of $6 of unlimited duration.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-g.svg</image:loc>
        <image:title>Maria’s best response to the wage. Point J refers to the information in Figure 6.3 (wage = $12, effort = 0.5 and expected duration of unemployment if she were to lose her job = 44 weeks).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-a.svg</image:loc>
        <image:title>Effort per hour
: Effort per hour, measured on the vertical axis, varies between zero and one.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-b.svg</image:loc>
        <image:title>The relationship between effort and the wage
: If Maria is paid $6 she does not care if she loses her job because $6 is her reservation wage. This is why she provides no effort at a $6 wage. If she is paid more, she provides more effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-c.svg</image:loc>
        <image:title>The worker’s best response
: The upward-sloping curve shows how much effort she puts in for each value of the hourly wage on the horizontal axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-d.svg</image:loc>
        <image:title>The effect of a wage increase when effort is low
: When the wage is low, the best response curve is steep: a small wage increase raises effort by a substantial amount.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-e.svg</image:loc>
        <image:title>Diminishing marginal returns
: At higher levels of wages, however, increases in wages have a smaller effect on effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-f.svg</image:loc>
        <image:title>The employer’s feasible set
: The best response curve is the frontier of the employer’s feasible set of combinations of wages and effort that it gets from its employees.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-05-e.svg</image:loc>
        <image:title>The employer’s indifference curves: Isocost curves for effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-05-a.svg</image:loc>
        <image:title>An isocost line for effort
: If w = $10 and e = 0.45, e/w = 0.045. At every point on this line the ratio of effort to wages is the same. The cost of a unit of effort is w/e = $22.22.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-05-b.svg</image:loc>
        <image:title>The slope of the isocost line
: The line slopes upward because a higher effort level must be accompanied by a higher wage for the e/w ratio to remain unchanged. The slope is equal to e/w = 0.045, the number of units of effort per dollar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-05-c.svg</image:loc>
        <image:title>Other isocost lines
: On an isocost line, the slope is e/w, but the cost of effort is w/e. The steeper line has a lower cost of effort, and the flatter line has a higher cost of effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-05-d.svg</image:loc>
        <image:title>Some lines are better for the employer than others
: A steeper line means lower cost of effort and hence higher profits for the employer. On the steepest isocost line he gets 0.7 units of effort for a wage of $10 (at B) so the cost of effort is $10/0.7 = $14.29 per unit. On the middle line he only gets 0.45 units of effort at this wage, so the cost of effort is $22.22, and profits are lower.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-f.svg</image:loc>
        <image:title>The employer sets the wage to minimize the cost of effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-a.svg</image:loc>
        <image:title>Minimizing the cost of effort
: To maximize profits, the owner wants to obtain effort at the lowest cost. He will seek to get onto the steepest isocost line possible. But because he cannot dictate the level of effort, he has to pick some point on the worker’s best response curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-b.svg</image:loc>
        <image:title>C is not the best the employer can do
: Could this be a point such as C? No. It is clear that by paying more the owner will benefit from a lower wage-effort ratio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-c.svg</image:loc>
        <image:title>Point A is the best the employer can do
: The best he can do is the isocost line that is just touching (tangent to) the worker’s best response curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-d.svg</image:loc>
        <image:title>MRS = MRT
: At this point, the marginal rate of substitution (the slope of the isocost line for effort) is equal to the marginal rate of transformation of higher wages into greater effort (the slope of the best response function).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-06-e.svg</image:loc>
        <image:title>Point B
: Points on steeper isocosts, such as Point B, would have lower costs for the employer but are infeasible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-07-d.svg</image:loc>
        <image:title>The best response curve depends on the level of unemployment and the unemployment benefit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-07-a.svg</image:loc>
        <image:title>The status quo
: The position of the best response curve depends on the reservation wage. It crosses the horizontal axis at this point.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-07-b.svg</image:loc>
        <image:title>The effect of unemployment benefits
: A rise in the unemployment benefit increases the reservation wage and shifts the worker’s best response curve to the right.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-07-c.svg</image:loc>
        <image:title>An increase in unemployment
: If unemployment rises, the expected duration of unemployment increases. So the worker’s reservation wage falls and the best response curve shifts to the left.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/06-john-stuart-mill.jpg</image:loc>
        <image:title>The Popular Science Monthly</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-12-d.svg</image:loc>
        <image:title>Angela’s production function shifts up.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-01-02.svg</image:loc>
        <image:title>Two ways of shifting the production function.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/16.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-16-header.jpg</image:loc>
        <image:title>Robot waiters: Reuters/CSN</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-01.jpg</image:loc>
        <image:title>OECD-maiden työttömyysasteita, 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-h.jpg</image:loc>
        <image:title>Talouden tuotantofunktio ja teknologinen kehitys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-a.jpg</image:loc>
        <image:title>Pääoman tuotto on laskeva
: Tuotantofunktion ominaisuuksiin kuuluu, että pääoman tuotto on laskeva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-b.jpg</image:loc>
        <image:title>Pääoman rajatuotos
: Pisteen A kohdalle piirretty suurennos kertoo, miten pääoman rajatuotos lasketaan: se on tuotantofunktion tangentin kulmakerroin pisteessä A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-c.jpg</image:loc>
        <image:title>Pääomavaltaisuuden kasvaessa rajatuotos laskee
: Pääoman rajatuotos laskee, kun liikumme tuotantofunktion kuvaajalla kohti suurempaa pääomavaltaisuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-d.jpg</image:loc>
        <image:title>Teknologinen kehitys
: Teknologinen kehitys siirtää tuotantofunktiota ylöspäin (alkupiste pysyy paikallaan origossa).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-e.jpg</image:loc>
        <image:title>Alkuperäinen tuotantofunktio
: Alkuperäisen tuotantofunktion pisteessä B pääoma työntekijää kohti on 20 000 euroa ja tuotos työntekijää kohti 15 000 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-f.jpg</image:loc>
        <image:title>Teknologisen kehityksen seuraukset
: Katso uuden eli ylemmän tuotantofunktion pistettä C. Pääoma työntekijää kohti on kasvanut 30 000 euroon ja tuotos työntekijää kohti 22 500 euroon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-02-g.jpg</image:loc>
        <image:title>Tuotantofunktion kulmakerroin
: Olemme valinneet pisteen C siten, että tuotantofunktion kulmakerroin ja siis pääoman rajatuotos on sama kuin pisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-03-d.jpg</image:loc>
        <image:title>Kahden esimerkkitalouden pitkän aikavälin kasvupolut.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-03-a.jpg</image:loc>
        <image:title>Iso-Britannia
: Aikasarja alkaa kaavion alanurkasta vuodesta 1760 ja päättyy vuoteen 1990, jona pääomavaltaisuus ja tuottavuus olivat paljon korkeammalla tasolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-03-b.jpg</image:loc>
        <image:title>Bruttokansantuote työntekijää kohti
: Kaavion oikeassa alanurkassa samat pisteet on merkitty tutulle lätkämailakäyrälle, joka kuvaa työntekijää kohti laskettua bruttokansantuotetta logaritmisella asteikolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-03-c.jpg</image:loc>
        <image:title>Yhdysvallat
: Yhdysvaltain tuottavuus tavoitti Ison-Britannian tason vuonna 1910 ja on sittemmin pysynyt sitä korkeampana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-04.jpg</image:loc>
        <image:title>Tuhoutuneet työpaikat, uudet työpaikat ja nettotyöllisyys eri maissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-05.jpg</image:loc>
        <image:title>Yhdysvaltain syntyneet ja tuhoutuneet työpaikat suhdannesyklin mittaan vuoden 2000 ensimmäiseltä neljännekseltä vuoden 2010 toiselle neljännekselle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-06.jpg</image:loc>
        <image:title>Yhdysvaltain ja Saksan Beveridgen käyrät vuoden 2001 ensimmäiseltä neljännekseltä vuoden 2015 toiselle neljännekselle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-a-d.jpg</image:loc>
        <image:title>Uudet ja markkinoilta poistuvat yritykset sekä tasapainotilan suhteellinen voittomarginaali.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-a-a.jpg</image:loc>
        <image:title>Voiton maksimoiva voittomarginaali
: Laskevalta suoralta voi lukea yrityksen voiton maksimoivan voittomarginaalin kullakin yritysten määrällä. Tasapainotilan voittomarginaalin μ* kohdalla yritysten lukumäärä on vakio, 210.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-a-b.jpg</image:loc>
        <image:title>Yritysten määrä ja kilpailu
: TMitä enemmän yrityksiä, sitä kilpailullisempi talous. Kysynnän hintajousto on silloin suurempi ja voittomarginaali pienempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-a-c.jpg</image:loc>
        <image:title>Yrityksiä häviää
: Kun yritysten määrä on 250, voittomarginaali laskee alle tasapainotason μ* ja taloudesta häviää yrityksiä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-b-b.jpg</image:loc>
        <image:title>Yritysten toimintaedellytykset paranevat: uudet yritykset, poistuvat yritykset ja tasapainotilan voittomarginaali.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-07-b-a.jpg</image:loc>
        <image:title>Yritysten toimintaedellytykset paranevat
: Tasapainotilan voittomarginaali pienenee. Alkuperäinen voittomarginaali pisteessä A on ”liian suuri”.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-08-c.jpg</image:loc>
        <image:title>Pitkän aikavälin voittomarginaalin muutokset siirtävät hinnanasetantakäyrää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-08-a.jpg</image:loc>
        <image:title>Pitkän aikavälin hinnanasetantakäyrä
: Vasemmassa kaaviossa pitkän aikavälin hinnanasetantakäyrän yhtälöä kuvaa laskeva suora. Kaavion vaaka-akselilla on tasapainotilan voittomarginaali ja pystyakselilla palkka.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-08-b.jpg</image:loc>
        <image:title>Alhainen voittomarginaali
: Alhainen tasapainotilan voittomarginaali on yhteydessä korkeaan pitkän aikavälin hinnanasetantakäyrään.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-a-c.jpg</image:loc>
        <image:title>Pitkän aikavälin työttömyysaste ja uusi teknologia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-a-a.jpg</image:loc>
        <image:title>Pitkän aikavälin tasapaino ennen uutta teknologiaa
: TAlkutilanteessa pitkän aikavälin tasapaino on piste A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-a-b.jpg</image:loc>
        <image:title>Teknologia kehittyy
: Teknologinen kehitys siirtää ylöspäin sekä tuotosta työntekijää kohti että hinnanasetantakäyrää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-b-e.jpg</image:loc>
        <image:title>Pitkän aikavälin työttömyysaste ja uusi teknologia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-b-a.jpg</image:loc>
        <image:title>Uuteen teknologiaan sopeutuminen
: Uusi teknologia tarkoittaa, että sama tuotos saadaan aikaan entistä harvempien työntekijöiden voimin. Miten talous sopeutuu muutokseen?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-b-b.jpg</image:loc>
        <image:title>Uusi teknologia käyttöön
: Aluksi uusi teknologia vie työt suurelta määrältä työntekijöitä. Pisteessä D palkka on ennallaan mutta työpaikkoja vähemmän.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-b-c.jpg</image:loc>
        <image:title>Pisteessä D taloudellinen voitto on suuri
: Voitot houkuttelevat talouteen uusia yrityksiä ja lisää investointeja. Ajan mittaan työttömyys laskee talouden siirtyessä pisteestä D pisteeseen E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-09-b-d.jpg</image:loc>
        <image:title>Palkat nousevat
: Työttömyyden vähetessä yritysten täytyy nostaa palkkoja saadakseen työntekijöiltään tarvitsemansa työpanoksen, jolloin palkat nousevat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-11-c.jpg</image:loc>
        <image:title>Uuden teknologian tuloerovaikutus lyhyellä ja pitkällä aikavälillä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-11-a.jpg</image:loc>
        <image:title>Työttömyys ennen uutta teknologiaa
: Talous on ennen uutta teknologiaa pitkän aikavälin tasapainotilassa, jossa työllisten osuus väestöstä on A (vastaa kuvion 16.9b pistettä A).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-11-b.jpg</image:loc>
        <image:title>Uusi teknologia käyttöön
: Uuden teknologian vuoksi osa työntekijöistä menettää työnsä, jolloin työttömyys kasvaa pisteeseen D (vastaa kuvion 16.9b pistettä D). Oletamme, että työpaikkansa säilyttäneiden työntekijöiden palkat pysyvät ennallaan. Koska tuotos työntekijää kohti on kasvanut, palkkojen osuus tuotoksesta pienenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-12.jpg</image:loc>
        <image:title>OECD-maiden pitkän aikavälin työttömyys ja reaalipalkkojen kasvu, 1970–2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-13.jpg</image:loc>
        <image:title>Työttömyysaste hyvin ja huonosti toimivilla työmarkkinoilla, 1960–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-mcq-09.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-14.jpg</image:loc>
        <image:title>Liittoneuvottelujen kattavuus ja työttömyys OECD-maissa, 2000–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-15.jpg</image:loc>
        <image:title>Espanjan ja Norjan Beveridgen käyrät vuoden 2001 ensimmäiseltä neljännekseltä vuoden 2013 viimeiselle neljännekselle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-16.jpg</image:loc>
        <image:title>OECD-maiden työttömyyskorvauksen taso ja työttömyysaste, 2000–2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-17.jpg</image:loc>
        <image:title>Kaksi strategiaa palkanasetantakäyrän madaltamiseen: Alankomaat ja Iso-Britannia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-18-d.jpg</image:loc>
        <image:title>Teollisuuden työllisyysosuuden nousu ja lasku, 1870–2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-18-a.jpg</image:loc>
        <image:title>Työllisyyden painopiste siirtyy
: Työllisyys alkoi siirtyä pois teollisuudesta 1950-luvulla, aluksi Isossa-Britanniassa ja Yhdysvalloissa. Japani ja Saksa seurasivat perässä noin 20 vuotta myöhemmin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-18-b.jpg</image:loc>
        <image:title>Etelä-Korea nousee suurten teollisuusmaiden joukkoon
: Etelä-Korean teollisuuden nousu alkoi vasta 1900-luvun viimeisellä neljänneksellä. Teollisuuden osuus työllisyydestä kääntyi kuitenkin laskuun jo vuosisadan lopulla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-18-c.jpg</image:loc>
        <image:title>Taiwan ja Saksa
: Taiwanissa teollisuustuotannon osuus työvoimasta on nykyisin suurempi kuin Saksassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-19-e.jpg</image:loc>
        <image:title>Tavaratuotannon tuottavuuden kasvu lisää palvelutuotannossa työskentelevien työntekijöiden osuutta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-19-a.jpg</image:loc>
        <image:title>Mahdollisuuksien raja
: Yhtenäinen punainen suora on mahdollisuuksien raja. Se osoittaa, miten paljon tavaroita ja palveluita voi tuottaa nykyisillä teknologioilla ja työpanoksella.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-19-b.jpg</image:loc>
        <image:title>Kulutus jakautuu tasan
: Oletamme, että taloudessa kulutetaan tavaroita ja palveluita yhtä paljon. Pisteessä A molempien kulutettu määrä on 1/2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-19-c.jpg</image:loc>
        <image:title>Teollisuustuotannon tuottavuus kasvaa
: Työn tuottavuus kaksinkertaistuu tavaratuotannossa mutta pysyy ennallaan palvelutuotannossa. Uusi mahdollisuuksien raja on merkitty kuvioon katkoviivalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-19-d.jpg</image:loc>
        <image:title>Lisää tavaroita, lisää palveluita
: Jos tavaroita ja palveluita kulutetaan edelleen yhtä paljon, talous siirtyy pisteeseen B, jossa molempia kulutetaan 2/3 yksikköä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-20.jpg</image:loc>
        <image:title>Pitkän aikavälin työttömyysasteen ja reaalipalkkojen kasvunopeuden taustatekijät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-16-21.jpg</image:loc>
        <image:title>Työttömyyteen ja reaalipalkkoihin vaikuttavia instituutioita, politiikkatoimia ja sokkeja.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-22-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-09.jpg</image:loc>
        <image:title>Choix de taxes avec plus ou moins de concurrence.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-03-01-02.jpg</image:loc>
        <image:title>Les effets de revenu et de substitution d’une hausse de la concurrence politique.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/0-6-contributors.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-yann-algan.jpg</image:loc>
        <image:title>Yann Algan</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-tim-besley.jpg</image:loc>
        <image:title>Timothy Besley</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-sam-bowles.jpg</image:loc>
        <image:title>Samuel Bowles</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-antonio-cabrales.jpg</image:loc>
        <image:title>Antonio Cabrales</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-juan-camilo-cardenas.jpg</image:loc>
        <image:title>Juan Camilo Cárdenas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-wendy-carlin.jpg</image:loc>
        <image:title>Wendy Carlin</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-diane-coyle.jpg</image:loc>
        <image:title>Diane Coyle</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-marion-dumas.jpg</image:loc>
        <image:title>Marion Dumas</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-cameron-hepburn.jpg</image:loc>
        <image:title>Cameron Hepburn</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-daniel-hojman.jpg</image:loc>
        <image:title>Daniel Hojman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-david-hope.jpg</image:loc>
        <image:title>David Hope</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-arjun-jayadev.jpg</image:loc>
        <image:title>Arjun Jayadev</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-suresh-naidu.jpg</image:loc>
        <image:title>Suresh Naidu</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-robin-naylor.jpg</image:loc>
        <image:title>Robin Naylor</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-kevin-orourke.jpg</image:loc>
        <image:title>Kevin O'Rourke</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-begum-ozkaynak.jpg</image:loc>
        <image:title>Begüm Özkaynak</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-malcolm-pemberton.jpg</image:loc>
        <image:title>Malcolm Pemberton</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-nicholas-rau.jpg</image:loc>
        <image:title>Nicholas Rau</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-paul-segal.jpg</image:loc>
        <image:title>Paul Segal</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-rajiv-sethi.jpg</image:loc>
        <image:title>Rajiv Sethi</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-margaret-stevens.jpg</image:loc>
        <image:title>Margaret Stevens</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-alex-teytelboym.jpg</image:loc>
        <image:title>Alexander Teytelboym</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/contributor-georg-von-gravenitz.jpg</image:loc>
        <image:title>Georg von Graevenitz</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-07-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-04-a.jpg</image:loc>
        <image:title>Courbes d’isoprofit pour les Cheerios pomme-cannelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Courbes d’isoprofit pour Beautiful Cars.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-04-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>Altruistisen Anilin optimaalinen allokaatio.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-02-header.jpg</image:loc>
        <image:title>Processi automatici di assemblaggio: Moreno Soppelsa/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-01.jpg</image:loc>
        <image:title>Andamento dei salari reali lungo sette secoli: gli artigiani (lavoratori specializzati) di Londra (1264–2001) e la popolazione della Gran Bretagna.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-05.jpg</image:loc>
        <image:title>Esistono molti tipi di modelli. Tre di essi sono stati già presentati nelle figure 1.5, 1.8 e 1.11 nel capitolo 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-08.jpg</image:loc>
        <image:title>Esistono molti tipi di modelli. Tre di essi sono stati già presentati nelle figure 1.5, 1.8 e 1.11 nel capitolo 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-01-12.jpg</image:loc>
        <image:title>Esistono molti tipi di modelli. Tre di essi sono stati già presentati nelle figure 1.5, 1.8 e 1.11 nel capitolo 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-02.jpg</image:loc>
        <image:title>Il modello idraulico di equilibrio economico di Irving Fisher (1891).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-f.jpg</image:loc>
        <image:title>Le diverse tecniche per produrre 100 metri di tessuto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-a.jpg</image:loc>
        <image:title>Le cinque tecniche per produrre 100 metri di tessuto a confronto
: La tabella riporta le cinque diverse tecniche alle quali ci riferiamo in questo paragrafo, che prevedono diverse combinazioni di lavoro e di carbone come input per produrre 100 metri di tessuto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-b.jpg</image:loc>
        <image:title>La tecnica A ad alta intensità di energia
: La tecnica A, quella a più alta intensità di energia, utilizza 1 lavoratore e 6 tonnellate di carbone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-c.jpg</image:loc>
        <image:title>La tecnica B
: La tecnica B utilizza 4 lavoratori e 2 tonnellate di carbone: rispetto alla tecnica A è a più alta intensità di lavoro (labour-intensive).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-d.jpg</image:loc>
        <image:title>La tecnica C
: La tecnica C utilizza 3 lavoratori e 7 tonnellate di carbone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-03-e.jpg</image:loc>
        <image:title>La tecnica D
: La tecnica D utilizza 5 lavoratori e 5 tonnellate di carbone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-04-d.jpg</image:loc>
        <image:title>La tecnica A domina la C, la tecnica B domina la D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-04-a.jpg</image:loc>
        <image:title>Quale tecnica domina le altre?
: Le cinque tecniche per la produzione di 100 metri di tessuto sono rappresentate dai punti da A a E. Possiamo usare questa figura per mostrare quali sono le tecniche dominate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-04-b.jpg</image:loc>
        <image:title>La tecnica A domina la tecnica C
: Chiaramente, la tecnica A domina la tecnica C: la stessa quantità di tessuto può essere prodotta usando la tecnica A, che richiede meno lavoratori e meno tonnellate di carbone. Ciò significa che, se la A è disponibile, la tecnica C non sarà mai scelta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-04-c.jpg</image:loc>
        <image:title>La tecnica B domina la tecnica D
: La tecnica B domina la tecnica D: la stessa quantità di tessuto può essere prodotta usando B, che richiede un numero minore di lavoratori e di tonnellate di carbone. Si noti che B domina qualsiasi altra tecnica che si trova nell’area colorata di azzurro sopra e a destra del punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-g.jpg</image:loc>
        <image:title>Le rette di isocosto quando il salario è 10 £ e il prezzo del carbone 20 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-a.jpg</image:loc>
        <image:title>Il costo totale in P1
: Il costo totale di impiegare 2 lavoratori e 3 tonnellate di carbone è (2 × 10) + (3 × 20) = 80 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-b.jpg</image:loc>
        <image:title>Anche P2 costa 80 £
: Se il numero di lavoratori passa a 6, con un costo pari a 60 £, e l’utilizzo del carbone è ridotto ad una tonnellata, il costo totale sarà ancora pari a 80 £.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-c.jpg</image:loc>
        <image:title>la retta di isocosto corrispondente a 80 £
: Chiamiamo retta di isocosto la retta passante per P1 e P2, che unisce tutti i punti in corrispondenza dei quali il costo totale è pari a 80 £ (in greco il prefisso iso significa “uguale”). Osserviamo che, disegnando la retta di isocosto, stiamo facendo una semplificazione: stiamo assumendo che sia possibile acquistare frazioni piccole a piacere di lavoratori e di carbone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-d.jpg</image:loc>
        <image:title>Una retta di isocosto più alta
: In corrispondenza del punto Q1 (3 lavoratori, 6 tonnellate di carbone) il costo totale è pari a 150 £. Per trovare la retta di isocosto corrispondente a 150 £, si deve individuare un altro punto in cui la combinazione di lavoratori e carbone costa 150 £: se si impiegano altri 2 lavoratori, la quantità di carbone utilizzato dovrebbe essere ridotta di 1 tonnellata per mantenere il costo a 150 £. Questo è il punto Q2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-e.jpg</image:loc>
        <image:title>Più rette di isocosto
: Potremmo disegnare le rette di isocosto attraverso qualsiasi altro insieme di punti nel diagramma. Un modo semplice per disegnare una di queste curve è quello di trovarne i punti di incontro con gli assi: ad esempio, la curva corrispondente a 80 £ unisce i punti J (4 tonnellate di carbone e nessun lavoratore) e H (8 lavoratori, nessuna tonnellata di carbone).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-05-f.jpg</image:loc>
        <image:title>L’inclinazione della retta di isocosto è -w/p
: La retta di isocosto ha inclinazione negativa, pari al -w/p, il rapporto tra il salario e il prezzo del carbone. Nel nostro esempio è pari a -0,5, perché in ogni punto, assumendo un lavoratore in più al costo di 10 £ e riducendo la quantità di carbone di 0,5 tonnellate al prezzo di 20 £ per tonnellata, il costo totale rimane invariato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-06.jpg</image:loc>
        <image:title>Il costo di usare diverse tecniche per produrre 100 metri di tessuto quando il lavoro costa relativamente poco.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-07-c.jpg</image:loc>
        <image:title>Il costo di usare diverse tecniche per produrre 100 metri di tessuto quando il lavoro diventa costoso rispetto all’energia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-07-a.jpg</image:loc>
        <image:title>La tecnica A costa meno quando il carbone è a buon mercato
: La tabella mostra che, quando il salario è 10 £ e il prezzo del carbone è 5 £, la tecnica A, che usa l’energia in misura più intensiva, permette di produrre 100 metri di tessuto ad un costo inferiore rispetto alle tecniche B e E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-07-b.jpg</image:loc>
        <image:title>La retta di isocosto corrispondente a 40 £ quando w=10 and p=5
: La tecnica A si trova sulla retta di isocosto FG. Ad ogni punto di questa retta corrisponde un costo totale degli input pari a 40 £. Le tecniche B e E che si trovano al di sopra di tale retta hanno quindi costi maggiori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-08-c.jpg</image:loc>
        <image:title>Il costo di 100 metri di tessuto con diverse tecniche
: Il costo di 100 metri di tessuto con diverse tecniche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-08-a.jpg</image:loc>
        <image:title>Ai prezzi iniziali, la tecnica B è quella a costo più basso
: Quando il salario è a 10 £ e il carbone è relativamente caro (20 £), il costo di produrre 100 metri di tessuto con la tecnica B è 80 £. Scegliendo tale tecnica, l’impresa si colloca sulla retta di isocosto HJ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-08-b.jpg</image:loc>
        <image:title>Il prezzo del carbone scende a 5 £
: Se il prezzo del carbone si riduce in rapporto al salario, come mostrato dalla retta di isocosto FG, la tecnica A, che è a più alta intensità di energia rispetto alla B, viene a costare 40 £. Dalla tabella vediamo che, con questi prezzi relativi, la tecnica a più basso costo è la A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/01-joseph-schumpeter.jpg</image:loc>
        <image:title>Joseph Schumpeter</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-10.jpg</image:loc>
        <image:title>Andamento dei salari relativamente al prezzo dell’energia, inizio del secolo XVIII.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-11.jpg</image:loc>
        <image:title>Rapporto tra salari e costo dei beni capitali dalla fine del XVI all’inizio del XIX secolo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-12-c.jpg</image:loc>
        <image:title>Il costo dell’uso di diverse tecniche per la produzione di 100 metri di tessuto in Inghilterra nel XVII e nel XVIII secolo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-12-a.jpg</image:loc>
        <image:title>Le tecniche nel XVII secolo
: I prezzi relativi nel XVII secolo sono rappresentati dalla retta di isocosto HJ. A quei prezzi, veniva utilizzata la tecnica B e non c’era alcun incentivo a sviluppare una tecnica come la A, che è al di sopra della retta di isocosto HJ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-12-b.jpg</image:loc>
        <image:title>Le tecniche nel XVIII secolo
: Nel XVIII secolo, la retta di isocosto era la FG, molto più ripida perché il prezzo relativo del lavoro rispetto al carbone era più alto. Il costo relativo era abbastanza elevato da fare di A una tecnica più economica rispetto a B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-13-c.jpg</image:loc>
        <image:title>Il costo associato alle tecniche disponibili per produrre 100 metri di tessuto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-13-a.jpg</image:loc>
        <image:title>Tecnica ad alta insensità di energia o ad alta intensità di lavoro?
: Quando il prezzo relativo del lavoro è elevato, viene scelta la tecnica A ad alta intensità di energia. Quando tale prezzo è basso, viene scelta la tecnica B ad alta intensità di lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-13-b.jpg</image:loc>
        <image:title>Un miglioramento della tecnica
: L’innovazione rende disponibile una nuova tecnica, denominata A′. Rispetto ad A, questa tecnica utilizza, per produrre 100 metri di tessuto, solo la metà dell’energia a parità di lavoratori. La nuova tecnica A′ domina la tecnica A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-f.jpg</image:loc>
        <image:title>La funzione di produzione del grano: produttività media del lavoro decrescente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-a.jpg</image:loc>
        <image:title>La funzione di produzione del grano
: La funzione di produzione indica la relazione tra il numero di agricoltori che lavorano la terra e il grano prodotto alla fine della stagione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-b.jpg</image:loc>
        <image:title>Produzione quando ci sono 800 agricoltori
: Il punto A sulla funzione di produzione mostra l’output di grano prodotto da 800 agricoltori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-c.jpg</image:loc>
        <image:title>Produzione quando ci sono 1.600 agricoltori.
: Il punto B sulla funzione di produzione mostra l’output di grano prodotto da 1.600 agricoltori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-d.jpg</image:loc>
        <image:title>Il prodotto medio diminuisce
: In A la produttività media del lavoro è 500.000 ÷ 800 = 625 kg  di grano per agricoltore. In B la produttività media del lavoro è 732.000 ÷ 1.600 = 458 kg di grano per agricoltore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-14-b-e.jpg</image:loc>
        <image:title>L’inclinazione del raggio indica la produttività media
: L’inclinazione del raggio uscente dall’origine passante per il punto B sulla funzione di produzione mostra la produzione media nel punto B. L’inclinazione è 458, corrispondente ai 458 kg per agricoltore quando il numero di agricoltori che lavorano la terra è 1.600.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-15.jpg</image:loc>
        <image:title>Il modello di Malthus: l’effetto di un miglioramento tecnico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-16-e.jpg</image:loc>
        <image:title>Un’economia malthusiana
: Un’economia malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-16-a.jpg</image:loc>
        <image:title>Salari e popolazione
: Il grafico a sinistra mostra il rapporto tra salari e dimensione della popolazione. In corrispondenza di una dimensione media della popolazione i salari sono al livello di sussistenza (punto A). Con una popolazione meno numerosa, il salario è più elevato perché aumenta la produttività media del lavoro (punto B).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-16-b.jpg</image:loc>
        <image:title>Il tenore di vita influenza la dimensione della popolazione
: La retta crescente del grafico a destra mostra che quando i salari (sull’asse verticale) sono elevati, la popolazione (sull’asse orizzontale) aumenta (variazione positiva). Quando i salari sono bassi, la popolazione si riduce (variazione negativa).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-16-c.jpg</image:loc>
        <image:title>Colleghiamo i due grafici
: Nel punto A nel grafico di sinistra, la popolazione è di medie dimensioni e il salario è a livello di sussistenza. Riportando questo punto nel grafico a destra in A′, vediamo che la crescita della popolazione è uguale a zero. In A l’economia è dunque in equilibrio: la popolazione rimane costante e il salario rimane al livello di sussistenza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-16-d.jpg</image:loc>
        <image:title>L’economia ritorna all’equilibrio
: Supponiamo che l’economia si trovi nel punto B, con un salario più elevato e una popolazione inferiore.  Il punto B’ nel grafico a destra mostra che la popolazione crescerà.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-17-e.jpg</image:loc>
        <image:title>L’introduzione di una nuova tecnica in un’economia malthusiana.
: L’introduzione di una nuova tecnica in un’economia malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-17-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: Nel punto A, con una popolazione di medie dimensioni e il salario a livello di sussistenza, l’economia è in equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-17-b.jpg</image:loc>
        <image:title>Un miglioramento tecnico aumenta il salario
: Un miglioramento tecnico (per esempio migliori sementi) aumenta la produttività media del lavoro e quindi il salario in corrispondenza di ogni livello di popolazione. Ciò  sposta verso l’alto la retta del salario. Al livello iniziale della popolazione, il salario aumenta e l’economia si sposta in D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-17-c.jpg</image:loc>
        <image:title>La popolazione comincia a crescere
: Nel punto D, il salario è cresciuto oltre il livello di sussistenza e quindi la popolazione comincia a crescere (punto D’).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-17-d.jpg</image:loc>
        <image:title>La popolazione cresce
: Dal momento che la produttività media del lavoro è decrescente, la crescita della popolazione fa diminuire il salario: l’economia si muove lungo la curva del salario da D verso C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-18.jpg</image:loc>
        <image:title>La trappola malthusiana: salari e popolazione (1280–1600).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-g.jpg</image:loc>
        <image:title>Un’economia malthusiana in Inghilterra
: Peste nera, offerta di lavoro e salari in un’economia malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-a.jpg</image:loc>
        <image:title>L’Inghilterra dei secoli XIV-XVI: un’economia malthusiana
: Il caso dell’Inghilterra tra il 1300 e il 1600 illustra bene il funzionamento di un’economia malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-b.jpg</image:loc>
        <image:title>La peste nera
: La peste bubbonica del 1348–50, conosciuta come peste nera, uccise 1,5 milioni di persone su una popolazione inglese stimata di quattro milioni, portando ad una caduta drammatica dell’offerta di lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-c.jpg</image:loc>
        <image:title>Dopo la peste i salari aumentarono
: La riduzione della popolazione produsse un vantaggio economico per gli agricoltori e gli altri lavoratori sopravvissuti: gli agricoltori ebbero maggiore disponiblità di terra e terreni di migliore qualità, e i lavoratori poterono richiedere salari più alti. A seguito della peste i redditi crebbero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-d.jpg</image:loc>
        <image:title>Contadini e operai trassero vantaggio dalla maggiore forza contrattuale
: Nel 1351, re Edoardo III d’Inghilterra promulgò uno Statuto dei lavoratori finalizzato a contenere i salari, e si aprì così un periodo di ribellioni contro l’autorità, culminate con la rivolta dei contadini del 1381. Nonostante le politiche tese ad impedirlo, i redditi continuarono ad aumentare.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-e.jpg</image:loc>
        <image:title>Durante il XVI secolo la popolazione aumentò
: A metà del XV secolo, i salari reali dei lavoratori inglesi nel settore delle costruzioni erano raddoppiati. I maggiori salari contribuirono a far aumentare la popolazione durante tutto il XVI secolo, ma si verificò quanto previsto dalla legge di Malthus: quando la popolazione aumenta, i redditi diminuiscono.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-19-f.jpg</image:loc>
        <image:title>La stagnazione malthusiana (1350–1600)
: Nel 1600, i salari reali erano tornati al livello di 300 anni prima.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-20.jpg</image:loc>
        <image:title>La fuga dalla trappola malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-f.jpg</image:loc>
        <image:title>La fuga dalla trappola malthusiana.
: La fuga dalla trappola malthusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-a.jpg</image:loc>
        <image:title>La fuga dalla trappola malthusiana.
: L’economia inglese, che nel XVIII secolo segue ancora una dinamica malthusiana, nel corso del XIX secolo si muove verso un nuovo regime, non malthusiano, con salari reali crescenti e popolazione in aumento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-b.jpg</image:loc>
        <image:title>La rivoluzione tecnologica permanente.
: La storia inizia con innovazioni tecniche, come la spinning jenny e il motore a vapore, che aumentano la produttività del lavoro. Le innovazioni continuano e la rivoluzione tecnologica diventa permanente, sostituendo migliaia di filatrici, tessitori e agricoltori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-c.jpg</image:loc>
        <image:title>Disoccupazione urbana
: La perdita del lavoro riduce il potere contrattuale dei lavoratori, mantenendo bassi i salari, come si vede dall’andamento piatto nel periodo tra il 1750 e il 1830. in questo periodo la dimensione della torta cresce, ma non la quota che va ai lavoratori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-d.jpg</image:loc>
        <image:title>Nuove opportunità
: Negli anni Trenta la più alta produttività e i bassi salari portano ad un aumento dei profitti, e questo, insieme alla concorrenza e alla tecnica, rende possibile l’espansione dell’attività economica. La domanda di lavoro cresce, e sono in molti a lasciare i campi per trovare un impiego nelle nuove fabbriche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-02-21-e.jpg</image:loc>
        <image:title>Il potere contrattuale dei lavoratori.
: L’offerta di lavoro si riduce quando viene impedito alle imprese di assumere i bambini. La combinazione di una crescente domanda di lavoro e un’offerta decrescente aumenta la forza contrattuale dei lavoratori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-iEHQR1fG0_g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/50-01-looking-forward.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-12.svg</image:loc>
        <image:title>The word cloud in the preface made from responses of students at Humboldt University, which is dominated by inequality, is typical. Students globally have also told us they are interested in innovation, environmental problems, unemployment and instability.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/09.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-09-header.jpg</image:loc>
        <image:title>Lavoratori edili: United States of America MCSN Rob Aylward/U.S. Navy</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-01-b.jpg</image:loc>
        <image:title>
: Salario reale settimanale per un lavoratore maschio in Australia Occidentale, in rapporto al prezzo mondiale del minerale di ferro e al tasso di disoccupazione in Australia, 1989–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-01-a.jpg</image:loc>
        <image:title>Salari settimanali
: Il grafico mostra il salario orale settimanale percepito dagli uomini nello stato dell’Australia Occidentale. Nel riquadro superiore in relazione al prezzo mondiale del minerale di ferro, mentre nel riquadro inferiore in relazione al tasso di disoccupazione in Australia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-02.jpg</image:loc>
        <image:title>
: Il mercato del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-04-c.jpg</image:loc>
        <image:title>
: La curva della fissazione del salario: disciplina del lavoro e disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-04-a.jpg</image:loc>
        <image:title>La curva della fissazione del salario
: La curva crescente è detta curva della fissazione del salario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-04-b.jpg</image:loc>
        <image:title>Il salario che massimizza il profitto quando la disoccupazione è alta
: Con un tasso di disoccupazione nell’economia al 12%, il salario di riserva dei lavoratori è basso, e non sarà necessario un salario molto elevato per indurli a impegnarsi. Anche il livello del salario che massimizza il profitto dell’impresa sarà dunque basso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-05.jpg</image:loc>
        <image:title>
: Derivazione della curva della fissazione del salario al variare del tasso di disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-06.jpg</image:loc>
        <image:title>
: Curva della fissazione del salario stimata per gli Stati Uniti (1979–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-07.jpg</image:loc>
        <image:title>Curva della fissazione del salario: il salario necessario affinché i lavoratori si impegnino e lavorino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-09-b.jpg</image:loc>
        <image:title>
: La scelta di prezzo e la ripartizione dei ricavi tra profitti e salari.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-09-a.jpg</image:loc>
        <image:title>Profitti massimi
: Il profitto è massimo nel punto B dove la curva di domanda è tangente alla curva di isoprofitto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-10.jpg</image:loc>
        <image:title>
: La curva della fissazione del prezzo: la distribuzione del reddito nel mercato del lavoro dal punto di vista del dipartimento Marketing.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-11-d.jpg</image:loc>
        <image:title>
: La curva della fissazione del prezzo: il mercato del lavoro dal punto di vista del dipartimento Marketing.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-11-a.jpg</image:loc>
        <image:title>Il punto A
: Il punto A è al di sopra della curva della fissazione del prezzo, questo implica che il salario reale sia maggiore del livello compatibile con il markup che massimizza i profitti dell’impresa. Se il salario reale è troppo alto, significa che il markup è troppo basso.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-11-b.jpg</image:loc>
        <image:title>Il punto B
: L’impresa aumenterà il prezzo per muoversi verso il punto B. Il prezzo più alto implica che l’impresa venda una quantità minore; poiché questo vale per tutte le imprese, il livello totale di occupazione diminuirà.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-11-c.jpg</image:loc>
        <image:title>Il punto C
: Al di sotto della curva della fissazione del prezzo, ad esempio nel punto C, le imprese decidono di ridurre i prezzi e assumere più persone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-mcq-05.jpg</image:loc>
        <image:title>La curva di determinazione dei prezzi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-12.jpg</image:loc>
        <image:title>Equilibrio nel mercato del lavoro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-13-c.jpg</image:loc>
        <image:title>
: Equilibrio e disoccupazione da carenza di domanda (disoccupazione ciclica).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-13-a.jpg</image:loc>
        <image:title>Il punto X
: Nel punto X, la disoccupazione è al livello di equilibrio di mercato. Chi perde il lavoro non è indifferente fra l’essere occupato o disoccupato, in quanto la perdita del lavoro comporta un costo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-13-b.jpg</image:loc>
        <image:title>Il punto B
: Nel punto B ci sono ulteriori disoccupati involontari in cerca di un lavoro. La maggiore disoccupazione è dovuta alla bassa domanda aggregata ed è quindi definita disoccupazione da carenza di domanda, o disoccupazione ciclica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-14-b.jpg</image:loc>
        <image:title>
: L’impresa aumenta la quantità prodotta e l’occupazione in seguito al taglio dei salari.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-14-a.jpg</image:loc>
        <image:title>La nuova curva di isoprofitto
: La nuova curva di isoprofitto che passa per il punto iniziale B è più ripida della curva di domanda; l’impresa può aumentare i profitti diminuendo il prezzo e  vendendo una quantità maggiore, cioè spostandosi a destra lungo curva di domanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-15-b.jpg</image:loc>
        <image:title>
: L’impresa aumenta la quantità prodotta e l’occupazione a seguito di un aumento della domanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-15-a.jpg</image:loc>
        <image:title>Il punto B
: Rappresenta la situazione iniziale, prima dell’aumento di domanda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-17.jpg</image:loc>
        <image:title>
: La distribuzione del reddito nel mercato del lavoro in equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-18-c.jpg</image:loc>
        <image:title>
: Una maggiore concorrenza fra le imprese sposta verso l’alto la curva della fissazione del prezzo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-18-a.jpg</image:loc>
        <image:title>Equilibrio iniziale
: Inizialmente l’economia è in equilibrio nel punto A, con un indice di Gini di 0,36.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-18-b.jpg</image:loc>
        <image:title>Un aumento della concorrenza
: Supponiamo che aumenti l’intensità della concorrenza fra le imprese: le imprese diminuiranno il markup, e questo sposterà verso l’alto la curva della fissazione del prezzo. Il nuovo equilibrio sarà nel punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-einstein.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-g.jpg</image:loc>
        <image:title>
: L’effetto dell’immigrazione sul livello di disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-a.jpg</image:loc>
        <image:title>Situazione iniziale
: L’equilibrio iniziale dell’economia è nel punto A, con 4 milioni di occupati ad un salario orario di 20 $ ed una forza lavoro di 5 milioni di persone.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-b.jpg</image:loc>
        <image:title>Un milione di persone è disoccupata
: La disoccupazione iniziale è rappresentata dalla distanza U.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-c.jpg</image:loc>
        <image:title>I lavoratori immigrati entrano a far parte della forza lavoro.
: Questo fa aumentare la forza lavoro da 5 a 5,5 milioni di lavoratori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-d.jpg</image:loc>
        <image:title>La curva della fissazione del salario si sposta verso il basso
: Per ogni livello di occupazione, c’è adesso un numero maggiore di lavoratori disoccupati. L’aumento della disoccupazione è mostrato dalla distanza U’. Il costo associato alla perdita del lavoro è aumentato, e le imprese sono quindi in grado di assicurarsi l’impegno dei lavoratori pagando un salario minore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-e.jpg</image:loc>
        <image:title>Le imprese diminuiscono i salari
: La curva della fissazione del salario si trova adesso nel punto B, nel quale il salario è sceso a 13 $, mentre il livello di occupazione è tornato ad essere pari a 4 milioni.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-19-f.jpg</image:loc>
        <image:title>I profitti aumentano
: Ciò spinge le imprese ad assumere nuovi lavoratori, una decisione che richiede un aumento dei salari. Lunga la curva della fissazione del salario il mercato del lavoro si muove dal punto B al punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-20.jpg</image:loc>
        <image:title>
: Percentuale dei lavoratori il cui salario è determinato da un contratto collettivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-21-c.jpg</image:loc>
        <image:title>
: Il sindacato fissa il salario.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-21-a.jpg</image:loc>
        <image:title>Il datore di lavoro fissa il salario
: Nel punto A, il datore di lavoro fissa il salario che massimizza i profitti nel punto di tangenza fra curva di isocosto e la funzione di reazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-21-b.jpg</image:loc>
        <image:title>Il sindacato fissa il salario
: Se è il sindacato a fissare il salario, questo sarà maggiore rispetto a quello scelto dal datore di lavoro e maggiore sarà il corrispondente impegno dei lavoratori …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-22.jpg</image:loc>
        <image:title>
: La curva della fissazione del salario in presenza di contrattazione sindacale ma senza effetto voce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-23.jpg</image:loc>
        <image:title>
: Copertura dei contratti collettivi e disoccupazione fra i paesi OCSE.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-24-c.jpg</image:loc>
        <image:title>
: Il sindacato fissa il salario e i lavoratori rispondono positivamente all’apertura dell’impresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-24-a.jpg</image:loc>
        <image:title>Il datore di lavoro fissa i salari
: Nel punto A riportiamo il salario che sarebbe fissato dall’impresa per massimizzare i profitti, nel punto di tangenza fra la curva di isocosto e la funzione di reazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-24-b.jpg</image:loc>
        <image:title>Il datore di lavoro accetta il ruolo del sindacato
: Se i lavoratori interpretano l’accettazione da parte del datore di lavoro del ruolo del sindacato come un segno di apertura e buona volontà, la curva di reazione si sposta verso l’alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-25.jpg</image:loc>
        <image:title>
: La curva della fissazione del salario in presenza di contrattazione sindacale ed effetto voce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-26-c.jpg</image:loc>
        <image:title>
: Effetti di una variazione del sussidio di disoccupazione.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-26-a.jpg</image:loc>
        <image:title>L’equilibrio iniziale
: La situazione iniziale è descritta dal punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-09-26-b.jpg</image:loc>
        <image:title>L’effetto di un aumento del sussidio di disoccupazione
: La nuova curva della fissazione del salario passa attraverso il punto C.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/20.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-20-header.jpg</image:loc>
        <image:title>Earth rise as seen from lunar surface: NASA</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-01.jpg</image:loc>
        <image:title>Prix mondiaux des matières premières (1960–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-02.jpg</image:loc>
        <image:title>Le Bluenose, la goélette de pêche des Grands Bancs
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-03.jpg</image:loc>
        <image:title>Quantité de cabillauds pêchés dans les Grands Blancs (nord de l’Atlantique) (1851–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-04.jpg</image:loc>
        <image:title>Processus de rétroaction positive et déforestation en Amazonie
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-11-07.jpg</image:loc>
        <image:title>Examinez à nouveau la Figure 11.7 montrant les prix mondiaux du pétrole et la consommation mondiale pour répondre à la Question 20.1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-06.jpg</image:loc>
        <image:title>Concentration atmosphérique de dioxyde de carbone et températures, à l’échelle mondiale (1750–2010)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-07.jpg</image:loc>
        <image:title>Un autre modèle de baignoire : le stock atmosphérique de CO2
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-08.jpg</image:loc>
        <image:title>Dioxyde de carbone dans les réserves et ressources de combustibles fossiles, relativement à la capacité atmosphérique de la Terre
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-09.jpg</image:loc>
        <image:title>Coût de la réduction potentielle des gaz à effet de serre au niveau mondial en 2030 (par rapport au statu quo), selon différentes politiques publiques
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-10.jpg</image:loc>
        <image:title>Courbe de dépollution la moins coûteuse : comment la dépollution totale (au moindre coût) dépend de la dépense totale affectée aux politiques de dépollution
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-11.jpg</image:loc>
        <image:title>Courbe de moindre coût de dépollution : arbitrage entre coût total de dépollution et quantité de dépollution
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-12.jpg</image:loc>
        <image:title>Courbe du coût de réduction de la pollution dans le cas où les technologies les plus coûteuses sont adoptées en premier
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-13-b.jpg</image:loc>
        <image:title>Consommation possible et qualité environnementale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-13-a.jpg</image:loc>
        <image:title>Si aucune politique de dépollution n’est mise en place
: Si les coûts de dépollution sont nuls, le pays peut consommer à hauteur de 500 milliards d’euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-14-b.jpg</image:loc>
        <image:title>Choix du niveau de dépollution par le décideur public idéal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-14-a.jpg</image:loc>
        <image:title>Allouer 50 milliards d’euros à la dépollution
: Le point X est le niveau de protection environnementale que le décideur public voudrait mettre en place, avec une qualité environnementale au niveau de E*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-f.jpg</image:loc>
        <image:title>Conflits d’intérêt à propos des salaires et de la dépollution.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-a.jpg</image:loc>
        <image:title>La courbe d’indifférence de réserve du citoyen représentatif est la « condition de départ de la ville »
: Cela donne toutes les combinaisons de salaires et de qualité environnementale qui seraient tout juste suffisantes pour faire rester un citoyen représentatif.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-b.jpg</image:loc>
        <image:title>« Condition de fermeture » de l’entreprise
: Cela montre les combinaisons de salaires et de qualité environnementale offertes par l’entreprise qui seraient tout juste suffisantes pour que l’entreprise reste à Brownsville.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-c.jpg</image:loc>
        <image:title>Options impossibles
: Les portions de la figure au-dessus de la condition de fermeture de l’entreprise et en dessous de la condition de départ de la ville des citoyens ne sont pas réalisables.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-d.jpg</image:loc>
        <image:title>Les citoyens ont du pouvoir, point B
: Supposez que les citoyens puissent imposer un niveau de qualité environnementale juridiquement contraignant et fixer leurs propres salaires. Tout en satisfaisant la condition de maintien de l’entreprise en ville, les citoyens fixent des salaires de w* et une qualité environnementale de Emax.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-15-e.jpg</image:loc>
        <image:title>Un ultimatum à prendre ou à laisser, point A
: Par ailleurs, si l’entreprise pouvait annoncer un ultimatum à prendre ou à laisser, elle minimiserait les coûts, tout en s’assurant que les citoyens ne choisissent pas de quitter la ville à Emin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-f.jpg</image:loc>
        <image:title>Plafonnement et échange : achat et vente de droits à polluer.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-a.jpg</image:loc>
        <image:title>Coût marginal privé de dépollution (CmPD) de l’entreprise A
: Celui-ci est représenté en rouge et mesuré de la manière habituelle grâce à l’axe de gauche. Il augmente avec le coût de dépollution. L’entreprise A utilise une technologie relativement peu polluante pour fabriquer son produit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-b.jpg</image:loc>
        <image:title>Coût marginal privé de dépollution (CmPD) de l’entreprise B
: Celui-ci est représenté en bleu et mesuré grâce à l’axe de droite. Il part de l’origine à droite et augmente lorsque B fait plus de dépollution. L’entreprise B utilise une technologie plus émettrice pour fabriquer son produit, et donc son coût marginal de dépollution est plus élevé que l’entreprise A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-c.jpg</image:loc>
        <image:title>Permis répartis équitablement
: Voyons ce qui se passe si les permis d’émission sont initialement répartis équitablement entre les deux entreprises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-d.jpg</image:loc>
        <image:title>Permis répartis équitablement : possibilités de gains par l’échange de permis
: L’entreprise B a un CmPD plus élevé. Si elle peut acheter un permis à l’entreprise A pour polluer davantage, à un prix inférieur à son coût marginal, elle choisira d’acheter le permis, plutôt que de réduire ses émissions. Cela crée la possibilité de gains à l’échange de permis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-16-e.jpg</image:loc>
        <image:title>L’entreprise B achètera des permis à A : combien ?
: Combien de permis s’échangeront-elles ? Tant que le CmPD de l’entreprise B excède le CmPD de l’entreprise A, les deux bénéficieront de la vente de permis de A à B. Si le marché est concurrentiel, nous nous attendons à des transactions, jusqu’à ce que le CmPD soit égalisé entre toutes les entreprises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-17.jpg</image:loc>
        <image:title>Prix des permis dans le système d’échange des permis d’émissions de l’UE
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-18.jpg</image:loc>
        <image:title>La technologie de dépollution évolue
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-19-a.jpg</image:loc>
        <image:title>Coût de production de l’électricité (nouvelles installations) en utilisant des cellules photovoltaïques aux États-Unis (1976–2009)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-19-b.jpg</image:loc>
        <image:title>Coût de production de l’électricité (nouvelles installations) en utilisant différentes sources aux États-Unis (2008–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-20-d.jpg</image:loc>
        <image:title>Le choix technologique d’Olympiad Industries : l’effet d’une taxe environnementale sur le comportement de l’entreprise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-20-a.jpg</image:loc>
        <image:title>Technologies A et B
: Les deux technologies produisent 100 mètres de textile : A est intensive en charbon, tandis que B est intensive en énergie solaire. La nouvelle technologie, B, utilise presque uniquement de l’énergie solaire, avec seulement un petit peu de charbon pour les périodes de l’année où l’énergie solaire n’est pas fiable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-20-b.jpg</image:loc>
        <image:title>Droite d’isocoût de l’entreprise
: La droite d’isocoût représente toutes les combinaisons possibles d’énergie solaire et de charbon (suffisantes pour produire 100 mètres de textile) qui ont le même coût. Si l’isocoût est HJ, les entreprises utilisent la technologie A, car B coûte plus cher (B est en dehors de la droite d’isocoût HJ). La pente faible de la droite d’isocoût signifie que le charbon est bon marché.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-20-c.jpg</image:loc>
        <image:title>Taxer les énergies fossiles
: Une taxe par kilowattheure sur l’utilisation du charbon pour la production d’énergie est mise en place. Ainsi, pour le même coût que 4 tonnes de charbon, l’entreprise pourrait désormais utiliser 8 panneaux solaires.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-21-e.jpg</image:loc>
        <image:title>Choix d’Omar : l’effet d’une taxe environnementale sur les choix de transport aérien et de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-21-a.jpg</image:loc>
        <image:title>La frontière des possibles
: Le taux marginal de transformation du temps libre perdu en transport aérien est la pente de la frontière des possibles. En renonçant à une heure de temps libre, Omar peut travailler pour une heure de plus et gagner 50 $. Chaque dollar lui permet d’obtenir 4 km de transport aérien, le TMT est donc de 200. Renoncer à une heure de temps libre lui permet d’obtenir 200 km de transport aérien.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-21-b.jpg</image:loc>
        <image:title>La courbe d’indifférence la plus haute qu’Omar peut atteindre
: Il s’agit du point A. Il choisit de travailler 200 heures de plus pour avoir 6 760 heures de temps libre et 40 000 km de voyage en avion.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-21-c.jpg</image:loc>
        <image:title>Coût privé du voyage
: Pour Omar, le coût privé d’1 km de trajet aérien est 0,25 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-21-d.jpg</image:loc>
        <image:title>Taxe sur le carburant
: Supposez une taxe sur le carburant aérien, de sorte que le prix d’un vol augmente. Par conséquent, un dollar dépensé sur un billet achète désormais seulement 2 km de trajet aérien. Cette taxe pourrait forcer les compagnies aériennes à prendre en compte les effets négatifs du transport aérien sur l’environnement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-mcq-11.jpg</image:loc>
        <image:title>Le choix d’un consommateur de la distance qu’il parcoure en avion chaque année.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-22.jpg</image:loc>
        <image:title>Étendue de la banquise arctique (1935–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-22-b.jpg</image:loc>
        <image:title>Étendue de la banquise arctique (1935–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-22-c.jpg</image:loc>
        <image:title>Étendue de la banquise arctique (1935–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-23.jpg</image:loc>
        <image:title>Courbe des dynamique environnementale et point de bascule environnemental
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-24-c.jpg</image:loc>
        <image:title>Changement climatique et perte irréversible de la banquise arctique en été.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-24-a.jpg</image:loc>
        <image:title>L’équilibre haut initial est stable
: L’environnement commence initialement à l’équilibre, au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-24-b.jpg</image:loc>
        <image:title>Le réchauffement abaisse la courbe CDE
: Un climat plus chaud implique que, pour n’importe quelle étendue de banquise cette année, l’étendue l’année prochaine sera moindre. Toute la courbe glisse vers le bas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Les émissions de dioxyde de carbone sont plus élevées dans les pays plus riches…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-25-b.jpg</image:loc>
        <image:title>… mais la qualité de l’environnement local l’est également.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-26.jpg</image:loc>
        <image:title>Courbe de réduction des gaz à effet de serre au niveau mondial : dépollution d’ici 2030, par rapport au statu quo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-27-c.jpg</image:loc>
        <image:title>Y a-t-il toujours un compromis entre consommation et qualité environnementale ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-27-a.jpg</image:loc>
        <image:title>Potentiel non réalisé
: Nous utilisons le graphique de l’ensemble des possibles pour représenter le potentiel de dépollution non réalisé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-27-b.jpg</image:loc>
        <image:title>Mise en place de dépollution le long de la frontière des possibles
: Se déplacer de C à D permet d’atteindre un niveau de qualité environnementale égal à E. La consommation augmente car les coûts (par exemple, l’éclairage) baissent.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-22-02-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-22-06.svg</image:loc>
        <image:title>The dictator chooses a tax level to maximize his political rents.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/16.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-16-header.jpg</image:loc>
        <image:title>Robots serveurs : Reuters/CSN</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-01.jpg</image:loc>
        <image:title>Taux de chômage d’un ensemble de pays de l’OCDE (1960–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-h.jpg</image:loc>
        <image:title>La fonction de production de l’économie et le progrès technique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-a.jpg</image:loc>
        <image:title>Rendements décroissants du capital
: La fonction de production est caractérisée par des rendements décroissants.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-b.jpg</image:loc>
        <image:title>Productivité marginale du capital
: La loupe au point A détaille le calcul de la productivité marginale du capital : c’est la pente de la tangente à la fonction de production en A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-c.jpg</image:loc>
        <image:title>Intensité capitalistique plus élevée
: La productivité marginale du capital baisse à mesure que nous nous déplaçons le long de la fonction de production vers une plus forte intensité capitalistique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-d.jpg</image:loc>
        <image:title>Progrès technique
: Cela fait pivoter vers le haut la fonction de production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-e.jpg</image:loc>
        <image:title>La fonction de production initiale
: Au point B sur la fonction de production initiale, le capital par travailleur et la production par travailleur sont respectivement 20 000 $ et 15 000 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-f.jpg</image:loc>
        <image:title>Après le progrès technologique
: Considérez le point C sur la nouvelle fonction de production (après progrès technologique) : le capital par travailleur a augmenté, passant à 30 000 $, tout comme la production par travailleur, à 22 500 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-02-g.jpg</image:loc>
        <image:title>La pente de la fonction de production
: Nous avons choisi le point C de sorte que la pente de la fonction de production, c’est-à-dire la productivité marginale du capital, soit la même qu’en B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-03-d.jpg</image:loc>
        <image:title>Trajectoires de croissance à long terme d’un ensemble d’économies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-03-a.jpg</image:loc>
        <image:title>Royaume-Uni
: La série commence en 1760 au coin inférieur du graphique et s’achève en 1990 avec une intensité capitalistique et une productivité bien plus élevées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-03-b.jpg</image:loc>
        <image:title>PIB par travailleur
: L’insert en bas à droite présente les mêmes données dans la représentation familière du PIB par travailleur avec la courbe en crosse de hockey, en utilisant l’échelle de rapport.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-03-c.jpg</image:loc>
        <image:title>États-Unis
: La productivité américaine dépassa celle du Royaume-Uni en 1910 et demeura plus élevée depuis lors.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-04.jpg</image:loc>
        <image:title>Destruction d’emplois, création d’emplois et emploi net pour un ensemble pays
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-05.jpg</image:loc>
        <image:title>Création et destruction d’emplois au cours des cycles économiques aux États-Unis (2000 T1 – 2010 T2)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-06.jpg</image:loc>
        <image:title>Courbes de Beveridge pour les États-Unis et l’Allemagne (2001 T1–2015 T2)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-a-d.jpg</image:loc>
        <image:title>Entrée et sortie des entreprises et marge d’équilibre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-a-a.jpg</image:loc>
        <image:title>Taux de marque maximisant le profit
: La droite décroissante donne le taux de marque maximisant le profit de l’entreprise pour un nombre donné d’entreprises. Au taux de marque d’équilibre, μ*, le nombre d’entreprises est constant et égal à 210.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-a-b.jpg</image:loc>
        <image:title>Concurrence et nombre d’entreprises
: Plus il y a d’entreprises, plus l’économie est concurrentielle, ce qui donne lieu à une plus forte élasticité de la demande et donc à un taux de marque plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-a-c.jpg</image:loc>
        <image:title>Sortie d’entreprises
: Avec 250 entreprises, le taux de marque est inférieur à μ*, ce qui conduit des entreprises à sortir du marché.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-b-b.jpg</image:loc>
        <image:title>Une amélioration des conditions d’activité économique : entrée et sortie des entreprises et taux de marque d’équilibre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-07-b-a.jpg</image:loc>
        <image:title>Amélioration du climat des affaires
: Cela conduit à une baisse de la marge d’équilibre. Le taux de marque en A est désormais « trop élevé ».
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-08-c.jpg</image:loc>
        <image:title>Des variations du taux de marque de long terme déplacent la courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-08-a.jpg</image:loc>
        <image:title>La courbe des prix de long terme
: Sur le graphique de gauche, l’équation de la courbe des prix de long terme est représentée par une droite horizontale. Le taux de marque d’équilibre est représenté sur l’axe des abscisses et le salaire figure sur l’axe des ordonnées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-08-b.jpg</image:loc>
        <image:title>Taux de marque faible
: Un faible taux de marque d’équilibre de long terme est associé à une courbe des prix de long terme plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-a-c.jpg</image:loc>
        <image:title>Taux de chômage à long terme et nouvelle technologie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-a-a.jpg</image:loc>
        <image:title>Équilibre de long terme avant l’introduction de la nouvelle technologie
: Il se trouve au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-a-b.jpg</image:loc>
        <image:title>Une avancée technologique
: Cela déplace vers le haut la production par travailleur et la courbe des prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-b-e.jpg</image:loc>
        <image:title>Taux de chômage de long terme et nouvelle technologie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-b-a.jpg</image:loc>
        <image:title>La réponse à une nouvelle technologie
: Une nouvelle technologie implique que la même quantité peut être produite par moins de travailleurs. Comment l’économie s’y ajuste-t-elle ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-b-b.jpg</image:loc>
        <image:title>Mise en œuvre de la nouvelle technologie
: Au début, la nouvelle technologie conduit à une perte substantielle d’emplois. Au point D, le salaire est le même, mais il y a moins d’emplois.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-b-c.jpg</image:loc>
        <image:title>Les profits économiques sont élevés en D
: De nouvelles entreprises seront attirées vers l’économie et l’investissement augmentera. Le chômage finira par baisser à mesure que l’économie se déplace de D vers E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-09-b-d.jpg</image:loc>
        <image:title>Les salaires augmentent
: Avec un niveau de chômage plus faible, les entreprises doivent proposer des salaires plus élevés de manière à s’assurer de l’effort produit par les travailleurs. Par conséquent, les salaires augmentent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-11-c.jpg</image:loc>
        <image:title>Effets d’une nouvelle technologie sur les inégalités : court et long termes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-11-a.jpg</image:loc>
        <image:title>Chômage avant l’introduction d’une nouvelle technologie
: L’économie débute au point d’équilibre de long terme avant la nouvelle technologie, avec une part A de la population au chômage (correspondant au point A sur la Figure 16.9b).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-11-b.jpg</image:loc>
        <image:title>Mise en œuvre de la nouvelle technologie
: Cela détruit certains emplois, ce qui fait augmenter le chômage à D (ce qui correspond au point D de la Figure 16.9b). Nous faisons l’hypothèse que les salaires restent constants pour les travailleurs qui conservent leur emploi. Par conséquent, comme la production par travailleur a augmenté, les salaires en proportion de la production baissent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-12.jpg</image:loc>
        <image:title>Chômage de long terme et croissance des salaires réels au sein de l’OCDE (1970–2011)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-13.jpg</image:loc>
        <image:title>Taux de chômage de deux pays présentant de bonnes performances du marché du travail et de deux autres, caractérisés par de mauvais résultats (1960–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-mcq-09.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-14.jpg</image:loc>
        <image:title>Couverture de la négociation collective sur les salaires et chômage dans les pays de l’OCDE (2000–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-15.jpg</image:loc>
        <image:title>Courbes de Beveridge pour l’Espagne et la Norvège (2001 T1–2013 T4)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-16.jpg</image:loc>
        <image:title>Générosité des allocations chômage et chômage dans les pays de l’OCDE (2001–2011)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-17.jpg</image:loc>
        <image:title>Différentes manières de baisser la courbe des salaires : les Pays-Bas et le Royaume-Uni
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-18-d.jpg</image:loc>
        <image:title>Essor et déclin de la part de l’emploi industriel (1870–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-18-a.jpg</image:loc>
        <image:title>L’emploi quitte le secteur industriel
: Ce processus s’est engagé au Royaume-Uni et aux États-Unis aux alentours de 1950, suivis par le Japon et l’Allemagne environ 20 ans après.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-18-b.jpg</image:loc>
        <image:title>La Corée du Sud s’impose comme puissance industrielle
: Cette domination s’affirma seulement dans le dernier quart du 20e siècle, mais déjà la part de l’emploi industriel en Corée du Sud s’effondrait à la fin du siècle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-18-c.jpg</image:loc>
        <image:title>L’industrie à Taïwan et en Allemagne
: La part de la population active dans le secteur manufacturier est maintenant plus élevée à Taïwan qu’en Allemagne.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-19-e.jpg</image:loc>
        <image:title>Une augmentation de productivité dans la production de biens augmente la part des travailleurs dans les services.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-19-a.jpg</image:loc>
        <image:title>La frontière des possibles
: La droite rouge en trait continu représente la frontière des possibles et montre les quantités de biens et de services pouvant être produites étant donné les technologies existantes et la main-d’œuvre disponible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-19-b.jpg</image:loc>
        <image:title>Répartition égale entre biens et services
: Nous faisons l’hypothèse que des quantités égales de biens et de services sont consommées : en A, la quantité consommée de chacun vaut 1/2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-19-c.jpg</image:loc>
        <image:title>Augmentation de la productivité manufacturière
: La productivité du travail dans la production de biens double, tandis qu’elle reste inchangée dans les services. La nouvelle frontière des possibles est représentée par la droite en pointillés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-19-d.jpg</image:loc>
        <image:title>Plus de biens, plus de services
: Si les gens continuent à maintenir un niveau égal de consommation de biens et de services, alors l’économie sera en B, avec une production et une consommation valant 2/3 dans l’industrie comme dans les services.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-20.jpg</image:loc>
        <image:title>Déterminants du taux de chômage et du taux de croissance des salaires réels à long terme
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-16-21.jpg</image:loc>
        <image:title>Les institutions, les politiques publiques et les chocs qui peuvent influer sur le chômage et les salaires réels
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-22-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-05.jpg</image:loc>
        <image:title>Valtakausisuora: diktaattori asettaa veron ottamalla huomioon julkisten palveluiden kustannukset.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/15.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-15-header.jpg</image:loc>
        <image:title>25th Annual Sonoma County Hot Air Balloon Classic: Sean Freese, https://goo.gl/ET1nEi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-01.jpg</image:loc>
        <image:title>Inflación y margen de victoria en elecciones presidenciales de Estados Unidos (1912–2012).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-02-c.jpg</image:loc>
        <image:title>Tres causas de la inflación: cambios en el poder de negociación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-02-a.jpg</image:loc>
        <image:title>El poder de los propietarios de las empresas se incrementa respecto al de los consumidores
: Por ejemplo, debido a una competencia menor (efecto de medio a largo plazo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-02-b.jpg</image:loc>
        <image:title>El poder de los trabajadores se incrementa respecto al de los propietarios de las empresas
: Por ejemplo, debido a unos sindicatos más fuertes (efecto de medio a largo plazo).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-03.jpg</image:loc>
        <image:title>La curva de Phillips original: Inflación salarial y desempleo (1861–1913).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/15-bill-phillips.jpg</image:loc>
        <image:title>Bill Phillips</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-mcq-03.jpg</image:loc>
        <image:title>The labour market
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-a.jpg</image:loc>
        <image:title>Inflación y conflictos sobre la torta: Nivel de precios estable en el equilibrio del mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-b-c.jpg</image:loc>
        <image:title>Inflación y conflictos en relación con la torta, con desempleo bajo y alto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-b-a.jpg</image:loc>
        <image:title>Mercado laboral en equilibrio en A
: En A, la economía está en un punto de equilibrio del mercado laboral. El salario real en la curva de fijación de salarios es igual al de la curva de fijación de precios, por lo que las reivindicaciones de las empresas sobre los beneficios reales por trabajador más las reivindicaciones de los trabajadores sobre los salarios reales suman en total la productividad laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-b-b.jpg</image:loc>
        <image:title>Desempleo bajo en B
: Con un nivel de desempleo bajo, el salario real necesario para que los trabajadores se esfuercen aumenta, por lo que las reivindicaciones de los trabajadores sobre los salarios y las de los propietarios de las empresas sobre los beneficios son inconsistentes: suman más de la productividad laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-box-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-c-c.jpg</image:loc>
        <image:title>Brechas de negociación, inflación y la curva de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-c-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral
: La brecha de negociación es cero y la inflación es cero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-c-b.jpg</image:loc>
        <image:title>Desempleo bajo
: La brecha de negociación es positiva y la inflación es positiva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-d-c.jpg</image:loc>
        <image:title>Los modelos de corto y medio plazo: Demanda agregada, empleo e inflación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-d-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral
: Cuando el nivel de demanda agregada produce un nivel de empleo en el equilibrio del mercado laboral (un nivel de actividad normal), el nivel de precios es estable (la inflación es cero).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-04-d-b.jpg</image:loc>
        <image:title>Un auge
: A un nivel de demanda agregada más alto (un auge), hay una brecha de negociación positiva y la inflación es positiva.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-h.jpg</image:loc>
        <image:title>La curva de Phillips y las preferencias de los diseñadores de políticas económicas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-a.jpg</image:loc>
        <image:title>Las preferencias del diseñador de políticas
: La figura muestra las curvas de indiferencia del diseñador de políticas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-b.jpg</image:loc>
        <image:title>Alto nivel de empleo e inflación
: Cuando el empleo y la inflación son muy altos, la curva de indiferencia es plana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-c.jpg</image:loc>
        <image:title>Nivel de empleo más bajo e inflación
: Cuando la inflación y el empleo son bajos, la curva de indiferencia tiene más pendiente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-d.jpg</image:loc>
        <image:title>Inflación del 2%
: La curva de indiferencia es vertical cuando la inflación está en el 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-e.jpg</image:loc>
        <image:title>Pleno empleo
: La curva de indiferencia es horizontal cuando el empleo = oferta laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-f.jpg</image:loc>
        <image:title>El resultado preferido por el diseñador de políticas
: F indica la combinación de inflación y desempleo que prefiere el diseñador de políticas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-05-g.jpg</image:loc>
        <image:title>El conjunto factible
: El diseñador de políticas escoge entre las opciones que le ofrece el conjunto factible sobre la curva de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-g.jpg</image:loc>
        <image:title>Curvas de Phillips en EE.UU. (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-a.jpg</image:loc>
        <image:title>¿Dónde está la curva de Phillips?
: La figura muestra las combinaciones de inflación y desempleo para EE.UU. para cada año entre 1960 y 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-b.jpg</image:loc>
        <image:title>La curva va cambiando
: Podemos usar la figura para mostrar cómo va cambiando la curva de Phillips a lo largo del tiempo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-c.jpg</image:loc>
        <image:title>La década de 1960
: La curva de Phillips (CP) para la década de 1960 muestra que la economía estaba en buen estado. En EE.UU. se lograron alcanzar combinaciones de inflación y desempleo relativamente bajos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-d.jpg</image:loc>
        <image:title>La década de 1970
: Parece ser que a principios de la década de 1970 la curva de Phillips se desplazó hacia arriba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-e.jpg</image:loc>
        <image:title>La década de 1970
: La curva vuelve a desplazarse hacia arriba a finales de la década de 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-06-f.jpg</image:loc>
        <image:title>La década de 1980
: Y nuevamente se desplazó hacia arriba a principios de la década de 1980, empeorando aún más el conflicto entre desempleo e inflación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-07-c.jpg</image:loc>
        <image:title>Brechas de negociación, expectativas de inflación y la curva de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-07-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral
: En el equilibrio del mercado laboral, la inflación es 3% como se esperaba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-07-b.jpg</image:loc>
        <image:title>Un auge
: Para un desempleo más bajo, la brecha de negociación es del 2%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-box-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-box-c.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-09-c.jpg</image:loc>
        <image:title>Expectativas de inflación y curvas de Phillips.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-09-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral en A
: La inflación es 3%, tal como se esperaba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-09-b.jpg</image:loc>
        <image:title>Un auge: Primer periodo en B
: A un nivel de desempleo más bajo, la brecha de negociación es del 2%. La inflación es igual a las expectativas de inflación más la brecha de negociación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-10-d.jpg</image:loc>
        <image:title>Inflación, expectativas de inflación y la brecha de negociación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-10-a.jpg</image:loc>
        <image:title>Una brecha de negociación de cero
: La inflación es la esperada: 3%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-10-b.jpg</image:loc>
        <image:title>Año 1
: Al principio del año 1, tras haberse abierto una brecha de negociación y después de que los salarios y los precios se hayan ajustado, la inflación es igual a la brecha de negociación (2%) más la inflación esperada (3%).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-10-c.jpg</image:loc>
        <image:title>Año 2
: Al principio del año 2, sin cambios en la brecha de negociación, la inflación aumenta al 7%, lo que equivale a la brecha de negociación más la inflación esperada.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-11-d.jpg</image:loc>
        <image:title>Una crisis del petróleo y la curva de fijación de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-11-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral
: La economía inicialmente está en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-11-b.jpg</image:loc>
        <image:title>Una crisis del petróleo
: El precio del petróleo sube y desplaza la curva de fijación de precios hacia abajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-11-c.jpg</image:loc>
        <image:title>La brecha de negociación
: Si la demanda agregada se mantiene para sostener la economía en A, hay una brecha de negociación positiva. La inflación aumenta año tras año.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-12.jpg</image:loc>
        <image:title>Crecimiento del PIB del Reino Unido y precio real del petróleo (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-13.jpg</image:loc>
        <image:title>Tasas de desempleo e inflación del Reino Unido (1950–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-14.jpg</image:loc>
        <image:title>Mecanismos de transmisión de política monetaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-15-c.jpg</image:loc>
        <image:title>El uso de la política monetaria para estabilizar la economía en una recesión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-15-a.jpg</image:loc>
        <image:title>Equilibrio en el mercado de bienes y servicios.
: La economía empieza en el equilibrio del mercado de bienes y servicios en el punto A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-15-b.jpg</image:loc>
        <image:title>Una recesión
: Luego el consumo cae, lo que desplaza la línea de demanda agregada hacia abajo. La economía entra en recesión, moviéndose del punto A al punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-16.jpg</image:loc>
        <image:title>Un recorte en la tasa de interés australiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-18-d.jpg</image:loc>
        <image:title>Una intervención a través de políticas económicas para restaurar el empleo y el producto tras una caída de la inversión.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-18-a.jpg</image:loc>
        <image:title>Antes de la caída
: La economía está en el punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-18-b.jpg</image:loc>
        <image:title>La caída de la inversión
: El resultado es un desplazamiento de la demanda agregada hacia abajo. La economía se mueve a una situación con más desempleo y menor inflación (del punto C al punto D).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-18-c.jpg</image:loc>
        <image:title>Tanto el banco central como el gobierno responden
: El recorte en la tasa de interés y el estímulo fiscal a través de una bajada de impuestos, junto con un mayor gasto público, desplazan la línea de la demanda agregada de vuelta a su posición inicial.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-20.jpg</image:loc>
        <image:title>Inflación e independencia del banco central: países de la OCDE.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-21.jpg</image:loc>
        <image:title>La tasa de desempleo de inflación estable de la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-15-22.jpg</image:loc>
        <image:title>Respuestas de los precios a unos niveles de empleo y utilización de capacidad crecientes.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-03-01-03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-03-01-03-03.jpg</image:loc>
        <image:title>Tuotantofunktio y = 1,5h1,6 ja sen rajatuotos.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-03-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-g.svg</image:loc>
        <image:title>Alexei’s optimal choice of free time and exam grade.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-03-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>La función de producción de Ángela se desplaza hacia arriba.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-03-06-01-02.jpg</image:loc>
        <image:title>Dos formas de cambiar la función de producción.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/16.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-16-header.jpg</image:loc>
        <image:title>Robot waiters: Reuters/CSN</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-01.svg</image:loc>
        <image:title>Unemployment rates in selected OECD countries (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-h.svg</image:loc>
        <image:title>The economy’s production function and technological progress.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-a.svg</image:loc>
        <image:title>Diminishing returns to capital
: The production function is characterized by diminishing returns to capital.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-b.svg</image:loc>
        <image:title>The marginal product of capital
: The magnified section at point A shows how the marginal product of capital is calculated: it is the slope of the tangent to the production function at A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-c.svg</image:loc>
        <image:title>Higher capital intensity
: The marginal product of capital is falling as we move along the production function to higher capital intensity.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-d.svg</image:loc>
        <image:title>Technological progress
: This rotates the production function upward.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-e.svg</image:loc>
        <image:title>The original production function
: At point B on the original production function, capital per worker is $20,000 and output per worker is $15,000.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-f.svg</image:loc>
        <image:title>After technological progress
: Consider point C on the new production function (after technological progress), at which capital per worker has risen to $30,000 and output per worker has risen to $22,500.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-02-g.svg</image:loc>
        <image:title>The slope of the production function
: We have chosen point C so that the slope of the production function, and therefore the marginal product of capital, is the same as at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-03-d.svg</image:loc>
        <image:title>Long-run growth trajectories of selected economies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-03-a.svg</image:loc>
        <image:title>The UK
: The data begins in 1760 at the bottom corner of the chart, and ends in 1990 with much higher capital intensity and productivity.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-03-b.svg</image:loc>
        <image:title>GDP per worker
: The bottom right-hand side of the diagram shows the same points in the familiar hockey-stick chart for GDP per worker, using the ratio scale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-03-c.svg</image:loc>
        <image:title>The US
: In the US, productivity overtook the UK by 1910 and has remained higher since.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-mcq-02.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-04.svg</image:loc>
        <image:title>Job destruction, job creation, and net employment across countries.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-05.svg</image:loc>
        <image:title>Job creation and destruction during business cycles in the US (2000 Q1–2010 Q2).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-06.svg</image:loc>
        <image:title>Beveridge curves for the US and Germany (2001 Q1–2015 Q2).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-mcq-03.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-a-d.svg</image:loc>
        <image:title>Firm entry, exit, and the equilibrium markup.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-a-a.svg</image:loc>
        <image:title>The profit-maximizing markup
: The downward sloping line gives the markup that maximizes the firm’s profits, for a given number of firms. The number of firms is constant and equal to 210 at the equilibrium markup, μ*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-a-b.svg</image:loc>
        <image:title>Competition and number of firms
: The more firms there are, the more competitive the economy, which will result in a higher elasticity of demand and a lower markup.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-a-c.svg</image:loc>
        <image:title>Firm exit
: With 250 firms, the markup is below μ* and firms will leave the economy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-b-b.svg</image:loc>
        <image:title>An improvement in conditions for doing business: Firm entry, exit, and the equilibrium markup.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-07-b-a.svg</image:loc>
        <image:title>An improvement in conditions for doing business
: This lowers the equilibrium markup. The existing markup at A is now ‘too high’.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-08-c.svg</image:loc>
        <image:title>Changes in the long-run markup shift the price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-08-a.svg</image:loc>
        <image:title>The-long run price-setting curve
: In the left-hand panel, the equation of the long-run price-setting curve is shown as a downward-sloping line in the diagram, with the equilibrium markup on the horizontal axis and the wage on the vertical axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-08-b.svg</image:loc>
        <image:title>A low markup
: A low long-run equilibrium markup is associated with a higher long-run price-setting curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-a-c.svg</image:loc>
        <image:title>The long-run unemployment rate and new technology.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-a-a.svg</image:loc>
        <image:title>The long-run equilibrium before the new technology is introduced
: This is at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-a-b.svg</image:loc>
        <image:title>A technological advance
: This shifts output per worker and the price-setting curve upwards.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-b-e.svg</image:loc>
        <image:title>The long-run unemployment rate and new technology.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-b-a.svg</image:loc>
        <image:title>The response to new technology
: A new technology means that fewer workers can produce the same output. How does the economy adjust?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-b-b.svg</image:loc>
        <image:title>The implementation of the new technology
: The new technology initially displaces a substantial number of workers from their jobs. At point D, the wage is the same but there are fewer jobs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-b-c.svg</image:loc>
        <image:title>Economic profits are high at D
: New firms will be attracted to the economy and investment will rise. Unemployment eventually falls as the economy moves from D to E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-09-b-d.svg</image:loc>
        <image:title>Wages rise
: With lower unemployment, firms have to set higher wages to secure adequate worker effort, so wages go up.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-11-c.svg</image:loc>
        <image:title>Effects of a new technology on inequality: Short and long run.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-11-a.svg</image:loc>
        <image:title>Unemployment before a new technology is introduced
: The economy starts in long-run equilibrium before the new technology, with a share A of the population being unemployed (corresponding to point A in Figure 16.9b).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-11-b.svg</image:loc>
        <image:title>The implementation of the new technology
: This displaces some workers from their jobs so that unemployment now increases to D (corresponding to point D in Figure 16.9b). We assume that wages remain the same for the remaining workers, so since output per worker has risen, wages as a share of output declines.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-12.svg</image:loc>
        <image:title>Long-run unemployment and real wage growth across the OECD (1970–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-13.svg</image:loc>
        <image:title>Unemployment rates of two high and two low labour market performers (1960–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-mcq-09.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-14.svg</image:loc>
        <image:title>Union wage bargaining coverage and unemployment across the OECD (2000–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-15.svg</image:loc>
        <image:title>Beveridge curves for Spain and Norway (2001 Q1 – 2013 Q4).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-16.svg</image:loc>
        <image:title>Unemployment benefit generosity and unemployment rates across the OECD (2001–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-mcq-10.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-17.svg</image:loc>
        <image:title>Different ways of pushing down the wage-setting curve: The Netherlands and the UK.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-18-d.svg</image:loc>
        <image:title>The rise and fall of the share of employment in industry (1870–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-18-a.svg</image:loc>
        <image:title>The shift of employment out of industry
: This was led by the UK and the US around 1950, followed by Japan and Germany about 20 years later.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-18-b.svg</image:loc>
        <image:title>South Korea’s rise to industrial prominence
: This began only in the last quarter of the twentieth century, yet the share of manufacturing employment in South Korea was already falling by the end of the century.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-18-c.svg</image:loc>
        <image:title>Manufacturing in Taiwan and Germany
: Taiwan now has a larger share of the labour force in manufacturing than Germany.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-19-e.svg</image:loc>
        <image:title>Increased productivity in goods production raises the fraction of workers in services.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-19-a.svg</image:loc>
        <image:title>The feasible frontier
: The solid red line is the feasible frontier and shows the amounts of goods and services that can be produced given the existing technologies and labour available.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-19-b.svg</image:loc>
        <image:title>Equal split of goods and services
: We assume equal amounts of goods and services are consumed: at A, the amount consumed of each equals 1/2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-19-c.svg</image:loc>
        <image:title>Manufacturing productivity increases
: The productivity of labour in the production of goods doubles, but productivity remains unchanged in services. The new feasible frontier is shown as the dashed line.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-19-d.svg</image:loc>
        <image:title>More goods, more services
: If people continue to consume equal amounts of goods and services, the economy will be at point B with production and consumption of 2/3 units of each.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-20.svg</image:loc>
        <image:title>Determinants of the unemployment rate and the growth rate of real wages in the long run.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-16-21.svg</image:loc>
        <image:title>The institutions, policies, and shocks that can influence unemployment and real wages.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-05-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-05-08-e.jpg</image:loc>
        <image:title>Pareto-tehokkaat allokaatiot ja ylijäämän jakautuminen.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/06.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-06-header.jpg</image:loc>
        <image:title>Detroit Industry, North Wall: Art Directors and TRIP/Alamy Stock Photo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/06-herbert-simon.jpg</image:loc>
        <image:title>Herbert Simon</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-01-c.jpg</image:loc>
        <image:title>Les acteurs de l’entreprise et ses structures d’information et de décision.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-01-a.jpg</image:loc>
        <image:title>Les propriétaires décident des stratégies de long terme
: Les propriétaires, par l’intermédiaire du conseil d’administration, décident des stratégies de long terme de l’entreprise concernant la nature, les moyens, et le lieu de la production. Ils ordonnent ensuite au(x) dirigeant(s) de mettre en œuvre ces décisions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-01-b.jpg</image:loc>
        <image:title>Les dirigeants assignent des tâches aux employés
: 
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/06-karl-marx.jpg</image:loc>
        <image:title>John Mayall, public domain, via Wikimedia Commons</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-g.jpg</image:loc>
        <image:title>Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-a.jpg</image:loc>
        <image:title>Salaire de Maria
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-b.jpg</image:loc>
        <image:title>Désutilité du travail
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-c.jpg</image:loc>
        <image:title>Bénéfice net de travailler
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-d.jpg</image:loc>
        <image:title>Si Maria perd son emploi
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-e.jpg</image:loc>
        <image:title>Durée du chômage
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-02-f.jpg</image:loc>
        <image:title>Maria trouve un emploi
: Rente d’emploi de Maria pour un niveau d’effort donné et un salaire de 12 $, dans une économie sans allocation chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-03.jpg</image:loc>
        <image:title>Rente d’emploi de Maria pour un niveau d’effort donné et un salaire horaire de 12 $, dans une économie avec un système d’assurance chômage de 6 $ de durée illimitée
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-g.jpg</image:loc>
        <image:title>Meilleure réponse de Maria au salaire. Le point J correspond à l’information de la Figure 6.3 (salaire = 12 $, effort = 0,5 et durée espérée de chômage si elle devait perdre son travail = 44 semaines).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-a.jpg</image:loc>
        <image:title>Effort par heure
: L’effort par heure, mesuré sur l’axe des ordonnées, varie entre 0 et 1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-b.jpg</image:loc>
        <image:title>La relation entre effort et salaire
: Si Maria est payée 6 $, elle ne soucie pas de perdre son emploi car son salaire de réserve est de 6 $. C’est pourquoi elle ne fait aucun effort pour un salaire de 6 $. Si elle est payée plus, elle fera plus d’efforts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>Meilleure réponse de la travailleuse
: La courbe croissante indique l’effort fourni par Maria pour chaque valeur du salaire horaire sur l’axe des abscisses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-d.jpg</image:loc>
        <image:title>L’effet d’une augmentation de salaire lorsque l’effort est faible
: Quand le salaire est faible, la courbe de meilleure réponse est pentue : une petite augmentation de salaire augmente l’effort de manière substantielle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-e.jpg</image:loc>
        <image:title>Rendements marginaux décroissants
: Pour des niveaux de salaires élevés, en revanche, une augmentation de salaire a un effet plus faible sur le niveau d’effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-04-f.jpg</image:loc>
        <image:title>L’ensemble des possibles de l’employeur
: La courbe de meilleure réponse est la frontière de l’ensemble des possibles de l’employeur en termes de combinaisons de salaire et d’effort fourni par ses employés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-05-e.jpg</image:loc>
        <image:title>Courbes d’indifférence de l’employeur : courbes d’isocoût pour l’effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-05-a.jpg</image:loc>
        <image:title>Une droite d’isocoût pour l’effort
: Si w = 10 $ et e = 0,45, e/w = 0,045. Pour chaque point sur cette droite, le ratio effort sur salaire est le même. Le coût d’une unité d’effort est w/e = 22,22 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-05-b.jpg</image:loc>
        <image:title>La pente de la droite d’isocoût
: La droite est ascendante, car un niveau d’effort supérieur doit être accompagné d’un salaire plus élevé, pour que le ratio e/w  demeure inchangé. La pente est égale à e/w = 0,045, le nombre d’unités d’effort par dollar.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-05-c.jpg</image:loc>
        <image:title>D’autres droites d’isocoût
: Sur une droite d’isocoût, la pente est e/w, mais le coût de l’effort est w/e. Une droite plus pentue correspond à un coût de l’effort plus faible, et une droite plus plate à un coût de l’effort plus élevé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-05-d.jpg</image:loc>
        <image:title>L’employeur préfère certaines droites à d’autres
: Une droite plus pentue est associée à un coût de l’effort plus faible, et donc à des profits plus élevés pour l’employeur. Sur la droite d’isocoût la plus pentue, l’employeur obtient 0,7 unité d’effort pour un salaire de 10 $ (au point B), correspondant à un coût de l’effort de 10 $/0,7 = 14,29 $ par unité. Sur la droite du milieu, il obtient seulement 0,45 unité d’effort pour ce niveau de salaire, de sorte que le coût de l’effort est 22,22 $ et ses profits sont plus faibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>L’employeur choisit le salaire pour minimiser le coût de l’effort.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-a.jpg</image:loc>
        <image:title>Minimiser le coût de l’effort
: Afin de maximiser ses profits, le propriétaire veut obtenir l’effort au coût le plus faible. Il cherchera à atteindre la droite d’isocoût la plus pentue possible. Cependant, comme il ne peut pas imposer le niveau d’effort, il doit choisir un point se trouvant sur la courbe de meilleure réponse du travailleur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-b.jpg</image:loc>
        <image:title>C n’est pas le mieux que l’employeur puisse faire
: Ce point pourrait-il être C ? Non. Il est évident qu’en payant un salaire plus élevé, le propriétaire pourrait bénéficier d’un ratio salaire-effort plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-c.jpg</image:loc>
        <image:title>Le point A est le mieux que l’employeur puisse faire
: Le mieux qu’il puisse faire est la droite d’isocoût qui est tangente à la courbe de meilleure réponse du travailleur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-d.jpg</image:loc>
        <image:title>MRS = MRT
: À ce point, le taux marginal de substitution (la pente de la droite d’isocoût pour l’effort) est égal au taux marginal de transformation de salaires plus élevés en effort supérieur (la pente de la fonction de meilleure réponse).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-06-e.jpg</image:loc>
        <image:title>Point B
: Les points sur des droites d’isocoût plus pentues, comme B, correspondent à des coûts plus faibles pour l’employeur, mais ne sont pas réalisables.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-07-d.jpg</image:loc>
        <image:title>La courbe de meilleure réponse dépend du niveau de chômage et des allocations chômage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-07-a.jpg</image:loc>
        <image:title>Le statu quo
: La position de la courbe de meilleure réponse dépend du salaire de réserve. Elle croise l’axe des abscisses à ce point.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-07-b.jpg</image:loc>
        <image:title>L’effet des allocations chômage
: Une augmentation des allocations chômage augmente le salaire de réserve et déplace la courbe de meilleure réponse du travailleur vers la droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-06-07-c.jpg</image:loc>
        <image:title>Une augmentation du chômage
: Si le chômage augmente, la durée anticipée du chômage augmente. Le salaire de réserve du travailleur diminue donc et la courbe de meilleure réponse se déplace vers la gauche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/06-john-stuart-mill.jpg</image:loc>
        <image:title>The Popular Science Monthly</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-03-header.jpg</image:loc>
        <image:title>Old clock mechanisms: Jose Ignacio Soto/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-01.svg</image:loc>
        <image:title>Annual hours of work and income (1870–2000).
: Annual hours of work and income (1870–2000).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-02.svg</image:loc>
        <image:title>Annual hours of free time per worker and income (2013).
: Annual hours of free time per worker and income (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-i.svg</image:loc>
        <image:title>How does the amount of time spent studying affect Alexei’s grade?
: Slideline showing how time spent studying affects Alexei’s grade
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-a.svg</image:loc>
        <image:title>Alexei’s production function
: The curve is Alexei’s production function. It shows how an input of study hours produces an output, the final grade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-b.svg</image:loc>
        <image:title>Four hours of study per day
: Four hours of study per day: If Alexei studies for four hours his grade will be 50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-c.svg</image:loc>
        <image:title>Ten hours of study per day
: Ten hours of study per day … and if he studies for 10 hours he will achieve a grade of 81.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-d.svg</image:loc>
        <image:title>Alexei’s maximum grade
: Alexei’s maximum grade: At 15 hours of study per day Alexei achieves his maximum possible grade, 90. After that, further hours will make no difference to his result: the curve is flat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-e.svg</image:loc>
        <image:title>Increasing study time from 4 to 5 hours
: Increasing study time from 4 to 5 hours: Increasing study time from 4 to 5 hours raises Alexei’s grade from 50 to 57. Therefore, at 4 hours of study, the marginal product of an additional hour is 7.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-f.svg</image:loc>
        <image:title>Increasing study time from 10 to 11 hours
: Increasing study time from 10 to 11 hours: 
Increasing study time from 10 to 11 hours raises Alexei’s grade from 81 to 84. At 10 hours of study, the marginal product of an additional hour is 3. As we move along the curve, the slope of the curve falls, so the marginal product of an extra hour falls. The marginal product is diminishing.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-g.svg</image:loc>
        <image:title>The average product of an hour spent studying
: The average product of an hour spent studying: When Alexei studies for four hours per day his average product is 50/4 = 12.5 percentage points, which is the slope of the ray from that point to the origin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-05-h.svg</image:loc>
        <image:title>The marginal product is lower than the average product
: The marginal product is lower than the average product: At 4 hours per day the average product is 12.5. At 10 hours per day it is lower (81/10 = 8.1). The average product falls as we move along the curve. At each point the marginal product (the slope of the curve) is lower than the average product (the slope of the ray).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-g.svg</image:loc>
        <image:title>Mapping Alexei’s preferences
: Mapping Alexei’s preferences.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-a.svg</image:loc>
        <image:title>Alexei prefers more free time to less free time
: Combinations A and B both deliver a grade of 84, but Alexei will prefer A because it has more free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-b.svg</image:loc>
        <image:title>Alexei prefers a high grade to a low grade
: At combinations C and D Alexei has 20 hours of free time per day, but he prefers D because it gives him a higher grade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-c.svg</image:loc>
        <image:title>Indifference
: … but we don’t know whether Alexei prefers A or E, so we ask him: he says he is indifferent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-d.svg</image:loc>
        <image:title>More combinations giving the same utility
: Alexei says that F is another combination that would give him the same utility as A and E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-e.svg</image:loc>
        <image:title>Constructing the indifference curve
: By asking more questions, we discover that Alexei is indifferent between all of the combinations between A and D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-06-f.svg</image:loc>
        <image:title>Constructing the indifference curve
: These points are joined together to form an indifference curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-f.svg</image:loc>
        <image:title>The marginal rate of substitution
: The marginal rate of substitution.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-a.svg</image:loc>
        <image:title>Alexei’s indifference curves
: The diagram shows three indifference curves for Alexei. The curve furthest to the left offers the lowest satisfaction.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-b.svg</image:loc>
        <image:title>Point A
: At A, he has 15 hours of free time and his grade is 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-c.svg</image:loc>
        <image:title>Alexei is indifferent between A and E
: He would be willing to move from A to E, giving up 9 percentage points for an extra hour of free time. His marginal rate of substitution is 9. The indifference curve is steep at A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-d.svg</image:loc>
        <image:title>Alexei is indifferent between H and D
: At H he is only willing to give up 4 points for an extra hour of free time. His MRS is 4. As we move down the indifference curve, the MRS diminishes, because points become scarce relative to free time. The indifference curve becomes flatter.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-07-e.svg</image:loc>
        <image:title>All combinations with 15 hours of free time
: Look at the combinations with 15 hours of free time. On the lowest curve the grade is low, and the MRS is small. Alexei would be willing to give up only a few points for an hour of free time. As we move up the vertical line the indifference curves are steeper: the MRS increases.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-exercise-03.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-i.svg</image:loc>
        <image:title>How does Alexei’s choice of free time affect his grade?
: How does Alexei’s choice of free time affect his grade?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-a.svg</image:loc>
        <image:title>The feasible frontier
: This curve is called the feasible frontier. It shows the highest final grade Alexei can achieve given the amount of free time he takes. With 24 hours of free time, his grade would be zero. By having less free time, Alexei can achieve a higher grade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-b.svg</image:loc>
        <image:title>A feasible combination
: If Alexei chooses 13 hours of free time per day, he can achieve a grade of 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-c.svg</image:loc>
        <image:title>Infeasible combinations
: Given Alexei’s abilities and conditions of study, under normal conditions he cannot take 20 hours of free time and expect to get a grade of 70 (remember, we are assuming that luck plays no part). Therefore B is an infeasible combination of hours of free time and final grade.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-d.svg</image:loc>
        <image:title>A feasible combination
: The maximum grade Alexei can achieve with 19 hours of free time per day is 57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-e.svg</image:loc>
        <image:title>Inside the frontier
: Combination D is feasible, but Alexei is wasting time or points in the exam. He could get a higher grade with the same hours of study per day, or have more free time and still get a grade of 70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-f.svg</image:loc>
        <image:title>The feasible set
: The area inside the frontier, together with the frontier itself, is called the feasible set. (A set is a collection of things–in this case all the feasible combinations of free time and grade.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-g.svg</image:loc>
        <image:title>The opportunity cost of free time
: At combination A Alexei could get an extra hour of free time by giving up 3 points in the exam. The opportunity cost of an hour of free time at A is 3 points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-09-h.svg</image:loc>
        <image:title>The opportunity cost varies
: The more free time he takes, the higher the marginal product of studying, so the opportunity cost of free time increases. At C the opportunity cost of an hour of free time is higher than at A: Alexei would have to give up 7 points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-g.svg</image:loc>
        <image:title>How many hours does Alexei decide to study?
: How many hours does Alexei decide to study?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-a.svg</image:loc>
        <image:title>Which point will Alexei choose?
: The diagram brings together Alexei’s indifference curves and his feasible frontier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-b.svg</image:loc>
        <image:title>Feasible combinations
: On the indifference curve IC1, all combinations between A and B are feasible because they lie in the feasible set. Suppose Alexei chooses one of these points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-c.svg</image:loc>
        <image:title>Could do better
: All combinations in the lens-shaped area between IC1 and the feasible frontier are feasible, and give higher utility than combinations on IC1. For example, a movement to C would increase Alexei’s utility.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-d.svg</image:loc>
        <image:title>Could do better
: Moving from IC1 to point C on IC2 increases Alexei’s utility. Switching from B to D would raise his utility by an equivalent amount.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-e.svg</image:loc>
        <image:title>The best feasible trade-off
: But again, Alexei can raise his utility by moving into the lens-shaped area above IC2. He can continue to find feasible combinations on higher indifference curves, until he reaches E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-10-a-f.svg</image:loc>
        <image:title>The best feasible trade-off
: At E, he has 19 hours of free time per day and a grade of 57. Alexei maximizes his utility: he is on the highest indifference curve obtainable, given the feasible frontier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-12-d.svg</image:loc>
        <image:title>How technological change affects the production function.
: How technological change affects the production function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-12-a.svg</image:loc>
        <image:title>The initial technology
: The table shows how the amount of grain produced depends on the number of hours worked per day. For example, if Angela works for 12 hours a day she will produce 64 units of grain. This is point B on the graph.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-12-b.svg</image:loc>
        <image:title>A technological improvement
: An improvement in technology means that more grain is produced for a given number of working hours. The production function shifts upward, from PF to PFnew.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-12-c.svg</image:loc>
        <image:title>More grain for the same amount of work
: Now if Angela works for 12 hours per day, she can produce 74 units of grain (point C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-13.svg</image:loc>
        <image:title>An improvement in technology expands Angela’s feasible set.
: An improvement in technology expands Angela’s feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-14-d.svg</image:loc>
        <image:title>Angela’s choice between free time and grain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-14-a.svg</image:loc>
        <image:title>Maximizing utility with the original technology
: The diagram shows the feasible set with the original production function, and Angela’s indifference curves for combinations of grain and free time. The highest indifference curve she can attain is IC3 at point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-14-b.svg</image:loc>
        <image:title>MRS = MRT for maximum utility
: Her optimal choice is point A on the feasible frontier. She enjoys 16 hours of free time per day and consumes 55 units of grain. At A, her MRS is equal to the MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-14-c.svg</image:loc>
        <image:title>Technological progress
: An improvement in technology expands the feasible set. Now she can do better than at A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-mcq-09-a.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-mcq-09-b.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-15-d.svg</image:loc>
        <image:title>Your preferred choice of free time and consumption.
: Your preferred choice of free time and consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-15-a.svg</image:loc>
        <image:title>The budget constraint
: The straight line is your budget constraint: it shows the maximum amount of consumption you can have for each level of free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-15-b.svg</image:loc>
        <image:title>The slope of the budget constraint
: The slope of the budget constraint is equal to the wage, $15 (in absolute value). This is your MRT (the rate at which you can transform time into consumption), and it is also the opportunity cost of free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-15-c.svg</image:loc>
        <image:title>The feasible set
: The budget constraint is your feasible frontier, and the area below it is the feasible set.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-17.svg</image:loc>
        <image:title>The effect of additional income on your choice of free time and consumption.
: Graph showing the effect of additional income on your choice of free time and consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-18.svg</image:loc>
        <image:title>The effect of additional income for someone whose MRS doesn’t change when consumption rises.
: Table showing the effect of additional income for someone whose MRS doesn’t change when consumption rises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-a.svg</image:loc>
        <image:title>Table showing the effect of a wage rise on your choice of free time and consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-f.svg</image:loc>
        <image:title>The effect of a wage rise on your choice of free time and consumption.
: The effect of a wage rise on your choice of free time and consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-a.svg</image:loc>
        <image:title>A rise in wages
: When the wage is $15, your best choice of hours and consumption is at point A. The steeper line shows your new budget constraint when the wage rises to $25. Your feasible set has expanded.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-b.svg</image:loc>
        <image:title>Now you can reach a higher indifference curve
: Point D on IC4 gives you the highest utility. At point D, your MRS is equal to the new wage, $25. You have only 17 hours of free time, but your consumption has risen to $175.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-c.svg</image:loc>
        <image:title>If there was no change in opportunity cost of free time
: The dotted line shows what would happen if you had enough income to reach IC4 without a change in the opportunity cost of free time. You would choose C, with more free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-d.svg</image:loc>
        <image:title>The income effect
: The shift from A to C is called the income effect of the wage rise; on its own it would cause you to take more free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-19-b-e.svg</image:loc>
        <image:title>The substitution effect
: The rise in the opportunity cost of free time makes the budget constraint steeper. This causes you to choose D rather than C, with less free time. This is called the substitution effect of the wage rise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-20-e.svg</image:loc>
        <image:title>Increased goods and free time in the US (1900–2013).
: Applying the model to history: Increased goods and free time in the US (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-20-a.svg</image:loc>
        <image:title>Using the model to explain historical change
: We can interpret the change between 1900 and 2013 in daily free time and goods per day for employees in the US using our model. The solid lines show the feasible sets for free time and goods in 1900 and 2013, where the slope of each budget constraint is the real wage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-20-b.svg</image:loc>
        <image:title>The indifference curves
: Assuming that workers chose the hours they worked, we can infer the approximate shape of their indifference curves.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-20-c.svg</image:loc>
        <image:title>The income effect
: The shift from A to C is the income effect of the wage rise, which on its own would cause US workers to take more free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-20-d.svg</image:loc>
        <image:title>The substitution effect
: The rise in the opportunity cost of free time caused US workers to choose D rather than C, with less free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-FrIhloNEwT8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-21.svg</image:loc>
        <image:title>Estimated lifetime hours of work and leisure (1880, 1995, 2040).
: Estimated lifetime hours of work and leisure (1880, 1995, 2040).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-23-c.svg</image:loc>
        <image:title>Using the model to explain free time and consumption per day across countries (2013).
: Using the model to explain free time and consumption per day across countries (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-23-a.svg</image:loc>
        <image:title>Differences between countries
: Using the model to explain free time and consumption per day across countries (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-23-b.svg</image:loc>
        <image:title>Indifference curves of workers
: These indifference curves could explain the difference among countries. Note: they are not based on data; we have drawn indifference curves that are plausible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-03-exercise-11.svg</image:loc>
        <image:title>Working hours throughout the twentieth century
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/08.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-08-header.jpg</image:loc>
        <image:title>Vegetable market, Da Lat, Vietnam: Hoxuanhuong/Dreamstime.com, https://goo.gl/mjvVuc</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-01.jpg</image:loc>
        <image:title>Kirjamarkkinoiden kysyntäkäyrä.
: Kirjamarkkinoiden kysyntäkäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-02-d.jpg</image:loc>
        <image:title>Kirjojen tarjontakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-02-a.jpg</image:loc>
        <image:title>Reservaatiohinta
: Ensimmäisellä myyjällä on kahden euron reservaatiohinta. Hän myy, kunhan hinta on sitä suurempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-02-b.jpg</image:loc>
        <image:title>20. myyjä
: 20. myyjä hyväksyy hinnan 7 euroa …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-02-c.jpg</image:loc>
        <image:title>40. myyjä
: … ja 40. myyjän reservaatiohinta on 12 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/08-alfred-marshall.jpg</image:loc>
        <image:title>Alfred Marshall</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-03-d.jpg</image:loc>
        <image:title>Käytettyjen kirjojen markkinoiden tasapainotila.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-03-a.jpg</image:loc>
        <image:title>Kysyntä ja tarjonta
: Löydämme tasapainon piirtämällä kysyntä- ja tarjontakäyrät samaan kaavioon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-03-b.jpg</image:loc>
        <image:title>Markkinoiden tasapainohinta
: Hinnalla P* = 8 euroa kirjojen tarjonta on yhtä suuri kuin kysyntä: Q* = 24. Markkinat ovat tasapainossa, kun hinta on kahdeksan euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-03-c.jpg</image:loc>
        <image:title>Tasapainohintaa korkeampi hinta
: Jos hinta on yli kahdeksan euroa, useampi opiskelija on halukas myymään, mutta kaikille kirjoille ei ole ostajia. Markkinoilla on liikatarjontaa, joten myyjät joutuvat laskemaan hintaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-04.jpg</image:loc>
        <image:title>Leipämarkkinoiden kysyntäkäyrä.
: Leipämarkkinoiden kysyntäkäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-05-d.jpg</image:loc>
        <image:title>Leipomon voiton maksimoiva hinta ja määrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-05-a.jpg</image:loc>
        <image:title>Rajakustannus- ja samavoittokäyrät
: Leipomolla on nouseva rajakustannuskäyrä. Keskikustannuskäyrällä voitto on nolla. Kun MC &gt; AC, keskikustannuskäyrä on nouseva. Muut samavoittokäyrät edustavat suurempia voittoja, ja MC kulkee kaikkien samavoittokäyrien alimpien pisteiden kautta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-05-b.jpg</image:loc>
        <image:title>Hinnanottajat
: Leipomo on hinnanottaja. Markkinahinta on P* = 2,35 euroa. Jos valitset korkeamman hinnan, asiakkaat vaihtavat leipomoa. Hintojen ja määrien mahdollisuuksien joukko on hintaa P* vastaavan vaakasuoran viivan alapuolella.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-05-c.jpg</image:loc>
        <image:title>Voiton maksimoiva hinta
: Mahdollisuuksien joukossa suurimman voiton piste on A, jossa 80 euron samavoittokäyrä sivuaa mahdollisuuksien joukkoa. Sinun pitäisi tuottaa päivässä 120 leipää ja myydä ne markkinahintaan 2,35 euroa. Saat voittoa 80 euroa päivässä normaalivoiton lisäksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-06-d.jpg</image:loc>
        <image:title>Yrityksen tarjontakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-06-a.jpg</image:loc>
        <image:title>Hinnanmuutos
: Kun markkinahinta on 2,35 euroa, tarjontasi on 120 leipää. Mitä tekisit, jos hinta muuttuisi?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-06-b.jpg</image:loc>
        <image:title>Jos hinta nousee
: Jos P* nousee 3,20 euroon, pääset ylemmälle samavoittokäyrälle. Maksimoidaksesi voiton sinun tulisi tuottaa 163 leipää päivässä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Yrityksen ja markkinoiden tarjontakäyrät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-07-a.jpg</image:loc>
        <image:title>Yrityksen tarjontakäyrä
: Leipomoita on 50, ja kaikilla on sama kustannusfunktio. Jos markkinahinta on 2,35 euroa, jokainen leipomo tuottaa 120 leipää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-07-b.jpg</image:loc>
        <image:title>Markkinoiden tarjontakäyrä
: Kun P = 2,35 euroa, jokainen leipomo tarjoaa 120 leipää ja markkinoiden tarjonta on 50 × 120 = 6 000 leipää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-07-c.jpg</image:loc>
        <image:title>Yrityksen ja markkinoiden tarjontakäyrät näyttävät samanlaisilta
: Kun hinta on 1,52 euroa, jokainen tarjoaa 66 leipää ja markkinoiden tarjonta on 3 300. Markkinoiden tarjontakäyrä näyttää samalta kuin yrityksen tarjontakäyrä, mutta vaaka-akselin asteikko on erilainen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-08.jpg</image:loc>
        <image:title>Leipämarkkinoiden tasapainotila.
: Leipämarkkinoiden tasapainotila.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Leipämarkkinoiden tasapaino ja kaupankäynnin hyödyt.
: Leipämarkkinoiden tasapaino ja kaupankäynnin hyödyt.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-a-a.jpg</image:loc>
        <image:title>Kuluttajan ylijäämä
: Leipämarkkinoiden tasapainohinta on kaksi euroa. Jos kuluttaja on halukas maksamaan 3,50 euroa, hän saa 1,50 euroa ylijäämää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-a-b.jpg</image:loc>
        <image:title>Kuluttajien kokonaisylijäämä
: Kahden euron yläpuolella oleva oranssi ala kuvaa kuluttajien ylijäämää eli kaikkien ostajien saamien kaupankäynnin hyötyjen summaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-a-c.jpg</image:loc>
        <image:title>Tuottajan ylijäämä
: Näimme luvussa 7, että tuottajan ylijäämä yhdestä tuotetusta yksiköstä on myyntihinnan ja tuotannon rajakustannuksen erotus. 2 000. leivän rajakustannus on 1,25 euroa. Koska myyntihinta on kaksi euroa, tuottajan ylijäämä on 0,75 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-09-b.jpg</image:loc>
        <image:title>Tehokkuustappio.
: Tehokkuustappio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-10-a.jpg</image:loc>
        <image:title>Kvinoan tuotanto.
: Kvinoan tuotanto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-10-b.jpg</image:loc>
        <image:title>Kvinoan tuottajahinnat.
: Kvinoan tuottajahinnat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-10-c.jpg</image:loc>
        <image:title>Kvinoan maailmanlaajuinen tuontikysyntä.
: Kvinoan maailmanlaajuinen tuontikysyntä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Kirjojen kysynnän kasvu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-11-a.jpg</image:loc>
        <image:title>Alkuperäinen tasapainopiste
: Alkuperäisillä kysynnän ja tarjonnan arvoilla tasapaino on pisteessä A. Hinta on kahdeksan euroa ja myynti 24 kirjaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-11-b.jpg</image:loc>
        <image:title>Kysynnän kasvu
: Jos kurssille ilmoittautuu yhtenä vuonna enemmän opiskelijoita, kirjan haluavia on joka hinnalla enemmän. Kysyntäkäyrä siirtyy oikealle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-11-c.jpg</image:loc>
        <image:title>Liikakysyntää, kun hinta on kahdeksan euroa
: Jos hinta pysyisi kahdeksassa eurossa, kirjoille olisi liikakysyntää: ostajia olisi enemmän kuin myyjiä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Leivän tarjonta kasvaa, kun rajakustannus laskee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-a.jpg</image:loc>
        <image:title>Alkuperäinen tasapainopiste
: Kaupungin leipomot ovat aluksi pisteessä A. Tuotanto on 5 000 leipää ja myyntihinta kaksi euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-b.jpg</image:loc>
        <image:title>Rajakustannukset laskevat
: Koska leipomoiden rajakustannukset laskevat, markkinoiden tarjontakäyrä siirtyy. Tarjontakäyrä siirtyy alaspäin, koska rajakustannus ja sen myötä hinta, jolla leipomot ovat halukkaita tarjoamaan leipää, laskee tuotannon joka tasolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-c.jpg</image:loc>
        <image:title>Tarjonnan kasvu
: Tarjontakäyrä on siirtynyt alaspäin. Muutoksen voi mieltää myös niin, että tarjontakäyrä on siirtynyt oikealle. Koska kustannukset ovat pienentyneet, leipomot ovat valmiita tuottamaan jokaisella hinnalla enemmän: tarjonta kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-12-d.jpg</image:loc>
        <image:title>Kahden euron hinnalla liikatarjontaa
: Rajakustannuksen lasku kasvattaa tarjontaa. Alkuperäisellä hinnalla leivästä on liikatarjontaa eli sitä on enemmän kuin ostajat haluavat. Leipomot haluavat alentaa hintoja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-13.jpg</image:loc>
        <image:title>Leivän tarjonta kasvaa, kun markkinoille tulee lisää yrityksiä.
: Leivän tarjonta kasvaa, kun markkinoille tulee lisää yrityksiä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-14-d.jpg</image:loc>
        <image:title>Suolaveron vaikutus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-14-a.jpg</image:loc>
        <image:title>Alkuperäinen tasapainopiste
: Aluksi markkinoiden tasapaino on pisteessä A. Hinta on P* ja suolan myyntimäärä Q*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-14-b.jpg</image:loc>
        <image:title>30 prosentin vero
: Tuottajilta peritään 30 prosentin vero. Niiden rajakustannukset nousevat kaikilla määrän arvoilla 30 prosenttia. Tarjontakäyrä siirtyy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-14-c.jpg</image:loc>
        <image:title>Uusi tasapainopiste
: Uusi tasapaino on pisteessä B. Kuluttajien maksama hinta on noussut ja määrä laskenut: hinta on P1 ja määrä Q1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-15-a.jpg</image:loc>
        <image:title>Verotus ja tehokkuustappio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-15-d.jpg</image:loc>
        <image:title>Verotus ja tehokkuustappio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-15-b.jpg</image:loc>
        <image:title>Vero supistaa kuluttajan ylijäämää
: Vero vähentää kauppaa määrään Q1 ja nostaa kuluttajahinnan entisestä hinnasta P* hintaan P1. Kuluttajan ylijäämä supistuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-15-c.jpg</image:loc>
        <image:title>Vero supistaa tuottajan ylijäämää
: Tuottajat myyvät vähemmän, ja niiden saama hinta laskee entisestä hinnasta P* hintaan P0. Tuottajan ylijäämä supistuu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-16-c.jpg</image:loc>
        <image:title>Veron vaikutus voin vähittäismarkkinoihin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-16-a.jpg</image:loc>
        <image:title>Voimarkkinoiden tasapainotila
: Voimarkkinat ovat aluksi tasapainotilassa. Voin kilohinta on 45 kruunua ja kulutus kaksi kiloa henkeä kohti vuodessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-16-b.jpg</image:loc>
        <image:title>Veron vaikutus
: Jos tuottajilta peritään kymmenen kruunun vero kilolta, niiden rajakustannukset kasvavat kymmenen kruunua kaikilla määrän arvoilla. Tarjontakäyrä siirtyy kymmenen kruunun verran ylöspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-17.jpg</image:loc>
        <image:title>Rasvaveron vaikutus kuluttajan ja tuottajan ylijäämään voimarkkinoilla.
: Rasvaveron vaikutus kuluttajan ja tuottajan ylijäämään voimarkkinoilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/08-leon-walras.jpg</image:loc>
        <image:title>Léon Walras</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-f.jpg</image:loc>
        <image:title>Choccojen ja suklaapatukoiden markkinat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-a.jpg</image:loc>
        <image:title>Choccojen markkinat
: Vasemmanpuoleisessa kaaviossa on Choccojen markkinat. Laajemmilla suklaapatukkamarkkinoilla on monia läheisiä substituutteja.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-b.jpg</image:loc>
        <image:title>Choccojen kysyntäkäyrä
: Kilpailun takia Choccojen kysyntäkäyrä on hyvin loiva. Mahdollisten hintojen joukko on kapea.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-c.jpg</image:loc>
        <image:title>Choccojen hinta
: Yritys valitsee kilpailijoita jäljitellen hinnan P* ja määrän, jolla rajakustannus MC on lähellä hintaa P*. Olipa kilpailijoiden hinta mikä hyvänsä, yritys valitsee tuotantomäärän läheltä rajakustannussuoraansa. Yrityksen rajakustannussuora on siten suurin piirtein sama kuin sen tarjontakäyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-d.jpg</image:loc>
        <image:title>Suklaapatukkamarkkinoiden tarjontakäyrä
: Voimme piirtää oikeanpuoleiseen kuvioon suklaapatukkamarkkinoiden tarjontakäyrän laskemalla yhteen kaikkien tuottajien rajakustannussuorien mukaiset määrät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-08-18-e.jpg</image:loc>
        <image:title>Suklaapatukkamarkkinoiden kysyntäkäyrä
: Jos kuluttajien enemmistöllä ei ole tiettyä tuotetta suosivia vahvoja preferenssejä, suklaapatukkamarkkinoiden kysyntäkäyrä näyttää tältä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/12.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-12-header.jpg</image:loc>
        <image:title>Offshore oil rig on fire: Courtesy of US Coastguard</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-01-d.jpg</image:loc>
        <image:title>Tuholaismyrkkyä hyödyntävän banaaninkasvatuksen rajakustannukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-01-a.jpg</image:loc>
        <image:title>Yksityinen rajakustannus
: Violetti käyrä kuvaa plantaasinomistajien rajakustannusta eli banaaninkasvatuksen yksityistä rajakustannusta. Käyrä on nouseva, koska jokaisen lisätonnin tuotanto rasittaa viljelysmaata edellistä enemmän, mikä lisää Tuhottoman kulutusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-01-b.jpg</image:loc>
        <image:title>Ulkoinen rajakustannus
: Oranssi käyrä kuvaa plantaasinomistajien kalastajille aiheuttamaa rajakustannusta eli ulkoista rajakustannusta. Ulkoinen rajakustannus mittaa, miten paljon kalansaaliin määrä ja laatu heikkenevät, kun banaaneja tuotetaan yksi tonni lisää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-01-c.jpg</image:loc>
        <image:title>Yhteiskunnallinen rajakustannus
: Laskemalla yhteen yksityinen ja ulkoinen rajakustannus saadaan banaaninkasvatuksen koko rajakustannus, jota sanotaan yhteiskunnalliseksi rajakustannukseksi. Kaaviossa sitä kuvaa vihreä käyrä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-02.jpg</image:loc>
        <image:title>Plantaasinomistajien tuotantopäätös.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/12-ronald-coase.jpg</image:loc>
        <image:title>Ronald Coase</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-04-c.jpg</image:loc>
        <image:title>Neuvottelemalla voi voittaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-04-a.jpg</image:loc>
        <image:title>Alkutilanne
: Piste A kuvaa tilannetta ennen neuvotteluja. Pareto-tehokas banaanien tuotantomäärä on 38 000 tonnia. Vihreä ala kuvaa veden puhdistumisesta kalastajille syntyvää hyötyä eli kustannusten laskua, kun tuotanto vähenee 80 000 tonnista 38 000 tonniin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-04-b.jpg</image:loc>
        <image:title>Voiton menetys
: Tuotannon vähennys 80 000 tonnista 38 000 tonniin pienentää plantaasinomistajien voittoja. Voiton menetys on yhtä suuri kuin tuottajan ylijäämän menetys, jota vastaa kuviossa sininen ala.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Verottamalla Pareto-tehokkuuteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-05-a.jpg</image:loc>
        <image:title>Ulkoinen rajakustannus
: Pareto-tehokkaalla tuotantomäärällä (38 000 tonnia) yksityinen rajakustannus MPC on 295 euroa. Yhteiskunnallinen rajakustannus MSC on 400 euroa. Ulkoinen rajakustannus on tällöin MSC – MPC = 105 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-05-b.jpg</image:loc>
        <image:title>Veron määrä = MSC – MPC
: Jos valtio määrää jokaiselle banaanitonnille ulkoista rajakustannusta vastaavan 105 euron veron, plantaaseille jää hinnasta veron jälkeen 295 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-06.jpg</image:loc>
        <image:title>Korvaus plantaasinomistajilta kalastajille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/12-arthur-pigou.jpg</image:loc>
        <image:title>Arthur Pigou</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-12-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-3nsoN-LS8RQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-11-08-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-15-d.jpg</image:loc>
        <image:title>Siipikiesi Oy:n osakkeet ja kuplan synty.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-18.jpg</image:loc>
        <image:title>Epävakaa tasapaino.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-02-header.jpg</image:loc>
        <image:title>Automated assembly process: Moreno Soppelsa/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-01.jpg</image:loc>
        <image:title>Salarios reales a lo largo de siete siglos: salarios de los artesanos (trabajadores cualificados) en Londres (1264–2001) y población de Reino Unido.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-05.jpg</image:loc>
        <image:title>Los modelos pueden adoptar muchas formas, y ya hemos visto tres de ellos en las figuras 1.5, 1.8 y 1.12 en el primer capítulo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-08.jpg</image:loc>
        <image:title>Los modelos pueden adoptar muchas formas, y ya hemos visto tres de ellos en las figuras 1.5, 1.8 y 1.12 en el primer capítulo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-01-12.jpg</image:loc>
        <image:title>Los modelos pueden adoptar muchas formas, y ya hemos visto tres de ellos en las figuras 1.5, 1.8 y 1.12 en el primer capítulo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-02.jpg</image:loc>
        <image:title>Boceto obra de Irving Fisher de su modelo hidráulico sobre el equilibrio económico (1891).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-f.jpg</image:loc>
        <image:title>Diferentes tecnologías para producir 100 metros de paño.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-a.jpg</image:loc>
        <image:title>Comparación de cinco tecnologías para producir 100 metros de paño
: La tabla describe cinco tecnologías a las que nos referiremos en el resto de la sección. Estas tecnologías emplean diferentes cantidades de trabajadores y carbón como insumos para producir 100 metros de paño.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-b.jpg</image:loc>
        <image:title>Tecnología A: intensiva en energía
: La tecnología A es la tecnología más intensiva en energía, pues emplea un trabajador y 6 toneladas de carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-c.jpg</image:loc>
        <image:title>Tecnología B
: La tecnología B emplea 4 trabajadores y 2 toneladas de carbón: es más intensiva en trabajo que la tecnología A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-d.jpg</image:loc>
        <image:title>Tecnología C
: La tecnología C emplea 3 trabajadores y 7 toneladas de carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-03-e.jpg</image:loc>
        <image:title>Tecnología D
: La tecnología D emplea 5 trabajadores y 5 toneladas de carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-04-d.jpg</image:loc>
        <image:title>La tecnología A domina a la C; la tecnología B domina a la D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-04-a.jpg</image:loc>
        <image:title>¿Qué tecnologías dominan a las demás?
: Representamos las cinco tecnologías para producir 100 metros de paño con los puntos A, B, C, D y E. Podemos usar esta gráfica para mostrar qué tecnologías dominan a las demás.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-04-b.jpg</image:loc>
        <image:title>A domina a C
: Claramente, la tecnología A domina a la tecnología C: la misma cantidad de paño puede producirse usando A con menos insumos de trabajo y energía. Esto significa que, siempre que A esté disponible, nunca debería usarse C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-04-c.jpg</image:loc>
        <image:title>B domina a D
: La tecnología B domina a la tecnología D: la misma cantidad de paño puede producirse usando B con menos insumos de trabajo y energía. Nótese que B dominaría a cualquier otra tecnología que se encuentre en el área sombreada por encima y a la derecha del punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-g.jpg</image:loc>
        <image:title>Líneas de isocosto cuando el salario es de 10 libras esterlinas y el precio del carbón es de 20 libras esterlinas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-a.jpg</image:loc>
        <image:title>El costo total en P1
: El costo total de emplear a 2 trabajadores con 3 toneladas de carbón es (2 × 10) + (3 × 20) = 80 libras esterlinas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-b.jpg</image:loc>
        <image:title>P2 también cuesta 80 libras esterlinas
: Si el número de trabajadores se incrementa a 6, lo que supone un costo de 60 libras esterlinas, y el insumo de carbón se reduce a 1 tonelada, el costo total será de 80 libras esterlinas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-c.jpg</image:loc>
        <image:title>La línea de isocosto para 80 libras esterlinas
: La línea recta que pasa por P1 y P2 conecta todos los puntos donde el costo total es de 80 libras esterlinas. Llamamos a esta una línea de isocosto: iso es la palabra griega para «mismo». A la hora de dibujar la línea, podemos simplificar asumiendo que se pueden comprar fracciones de trabajadores y carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-d.jpg</image:loc>
        <image:title>Una línea de isocosto superior
: En el punto Q1 (3 trabajadores, 6 toneladas de carbón) el costo total es de 150 libras esterlinas. Para encontrar la línea de isocosto de 150 libras esterlinas, se busca otro punto que cueste 150 libras esterlinas: si se emplea a 2 trabajadores más, el insumo de carbón debe reducirse a 1 tonelada para mantener el costo en 150 libras esterlinas. Este es el punto Q2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-e.jpg</image:loc>
        <image:title>Más líneas de isocosto
: Podríamos dibujar líneas de isocosto a través de cualquier otro conjunto de puntos en el diagrama. Si los precios de los insumos son fijos, las líneas de isocosto son paralelas. Una forma simple de dibujar cualquier línea es encontrar los extremos: por ejemplo, la línea de 80 libras esterlinas une los puntos J (4 toneladas de carbón y ningún trabajador) y H (8 trabajadores y nada de carbón).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-05-f.jpg</image:loc>
        <image:title>La pendiente de toda línea de isocosto es: −(w/p)
: La pendiente de las líneas de isocosto es negativa (están inclinadas hacia abajo). En este caso, la pendiente es −0,5, porque en cada punto, si contratara un trabajador adicional, que costaría 10 libras esterlinas, y redujera la cantidad de carbón en 0,5 toneladas, con lo que ahorraría 10 libras esterlinas, el costo total no cambiaría. La pendiente es igual a –(w/p), el salario dividido por el precio del carbón.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-06-d.jpg</image:loc>
        <image:title>El costo de usar diferentes tecnologías para producir 100 metros de paño: bajo costo relativo del trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-07-c.jpg</image:loc>
        <image:title>El costo de usar tecnologías diferentes para producir 100 metros de paño: alto costo relativo del trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-07-a.jpg</image:loc>
        <image:title>La tecnología A cuesta lo mínimo cuando el carbón está relativamente barato
: Cuando el salario es de 10 libras esterlinas y el precio del carbón es de 5 libras esterlinas, la tabla muestra que la tecnología A, que es más intensiva en energía que las otras, puede producir 100 metros de paño a un costo menor que B o E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-07-b.jpg</image:loc>
        <image:title>La curva de isocosto de 40 libras esterlinas cuando w = 10 y p = 5
: La tecnología A está en la línea de isocosto FG. En cualquier punto en esta línea el costo total de los insumos es de 40 libras esterlinas. Las tecnologías B y E están por encima de esta línea, ya que sus costos son mayores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-08-c.jpg</image:loc>
        <image:title>Costo de usar diferentes tecnologías para producir 100 metros de paño.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-08-a.jpg</image:loc>
        <image:title>Con el precio relativo original, B es la tecnología menos costosa
: Cuando el salario es de 10 libras esterlinas y el precio del carbón está relativamente alto en 20 libras esterlinas, el costo de producir 100 metros de paño usando la tecnología B queda en 80 libras esterlinas: escoger la tecnología B coloca a la empresa en la curva de isocosto HJ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-08-b.jpg</image:loc>
        <image:title>El precio del carbón cae a 5 libras esterlinas
: Si el precio del carbón cae en términos relativos respecto del salario, como se muestra en la curva de isocosto FG, entonces usar la tecnología A, que es más intensiva en energía que B, cuesta 40 libras esterlinas. En la tabla podemos ver que, con estos precios relativos, A es ahora la tecnología menos costosa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/vimeo-75421736.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/01-joseph-schumpeter.jpg</image:loc>
        <image:title>Joseph Schumpeter</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-10.jpg</image:loc>
        <image:title>Salarios relativos al precio de la energía (principios del siglo XVIII).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-11.jpg</image:loc>
        <image:title>Salarios relacionados con el costo de los bienes de capital (finales del siglo XVI y comienzos del XIX).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-12-c.jpg</image:loc>
        <image:title>Costo de usar diferentes tecnologías para producir 100 metros de paño en Reino Unido en los siglos XVII y XVIII.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-12-a.jpg</image:loc>
        <image:title>La tecnología en el siglo XVII
: En el siglo XVII, los precios relativos se muestran en la línea de isocosto HJ. Se usaba la tecnología B y, con estos precios relativos, no había incentivo a desarrollar una tecnología como A, situada por encima de la línea de isocosto HJ.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-12-b.jpg</image:loc>
        <image:title>Tecnología en el siglo XVIII
: En el siglo XVIII, las líneas de isocosto como FG eran mucho más inclinadas porque el precio relativo del trabajo relativo al carbón era más alto. El costo relativo era suficientemente alto como para hacer que la tecnología A tuviera costos menores que la tecnología B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-vyNOWxprt4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-13-c.jpg</image:loc>
        <image:title>Costo de usar diferentes tecnologías para producir 100 metros de paño.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-13-a.jpg</image:loc>
        <image:title>¿Intensiva en energía o en trabajo?
: Cuando el precio relativo del trabajo es alto, se escoge la tecnología intensiva en energía A. Cuando el precio relativo del trabajo es bajo, se escoge la tecnología intensiva en trabajo, B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-13-b.jpg</image:loc>
        <image:title>Una mejora en la tecnología
: Se producen mejoras en la tecnología de fabricación de paño, esto crea una nueva tecnología llamada A′. Esta tecnología usa solo la mitad de energía por trabajador para producir 100 metros de paño. La nueva tecnología domina a la tecnología A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-f.jpg</image:loc>
        <image:title>La función de producción de un agricultor: productividad marginal decreciente del trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-a.jpg</image:loc>
        <image:title>La función de producción de un agricultor
: La función de producción muestra cómo el número de agricultores que trabajan la tierra se traduce en grano producido al final de la estación de cultivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-b.jpg</image:loc>
        <image:title>Producto cuando hay 800 agricultores
: El punto A de la función de producción muestra el producto o cantidad de grano producido por 800 agricultores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-c.jpg</image:loc>
        <image:title>Producto cuando hay 1600 agricultores
: El punto B de la función muestra la cantidad de grano producida por 1600 agricultores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-d.jpg</image:loc>
        <image:title>La productividad media decrece
: En el punto A, la productividad media del trabajo es 500 000 ÷ 800 = 625 kg de grano por agricultor. En el punto B, la productividad media del trabajo es de 732 000 ÷ 1600 = 458 kg de grano por trabajador.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-14-b-e.jpg</image:loc>
        <image:title>La pendiente del rayo es la productividad media
: La pendiente del rayo que va desde el origen al punto B en la función de producción muestra la productividad media del trabajo en el punto B. La pendiente es 458, lo que significa que la productividad media es de 458 kg por agricultor cuando 1600 agricultores trabajan la tierra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-15.jpg</image:loc>
        <image:title>El modelo de Malthus: el efecto de una mejora tecnológica.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-16-e.jpg</image:loc>
        <image:title>Una economía maltusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-16-a.jpg</image:loc>
        <image:title>Diagrama de la izquierda: cómo los salarios dependen del nivel de la población
: A un nivel medio de población, el salario de las personas que trabajan la tierra se sitúa en su nivel de subsistencia (punto A). El salario es mayor en el punto B, donde la población es más pequeña, porque la productividad media del trabajo es mayor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-16-b.jpg</image:loc>
        <image:title>Diagrama de la derecha: cómo el crecimiento de la población depende de los niveles de vida
: La línea del diagrama de la derecha es ascendente, mostrando que cuando los salarios (en el eje vertical) son altos, el crecimiento de la población (en el eje horizontal) es positivo (así que la población aumenta). Cuando los salarios son bajos, el crecimiento de la población es negativo (la población disminuye).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-16-c.jpg</image:loc>
        <image:title>Conexión entre los dos diagramas
: En el punto A, a la izquierda, la población es de tamaño medio y el salario está en su nivel de subsistencia. Ahora vayamos al diagrama del otro lado, al punto A′, a la derecha, que muestra el punto en que el crecimiento de la población es igual a cero. Así, si la economía está en el punto A, se encuentra en equilibrio: la población permanece constante y los salarios permanecen en su nivel de subsistencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-16-d.jpg</image:loc>
        <image:title>Una población menor
: Suponga que la economía está en B, con un salario superior y una población menor. El punto B′, a la derecha, muestra que la población crece.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-17-e.jpg</image:loc>
        <image:title>Introducción de una nueva tecnología en una economía maltusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-17-a.jpg</image:loc>
        <image:title>Inicialmente la economía se encuentra en equilibrio
: La economía comienza en el punto A, con una población de tamaño medio y el salario en su nivel de subsistencia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-17-b.jpg</image:loc>
        <image:title>Un avance en la tecnología – incremento de los salarios
: Una mejora tecnológica (por ejemplo, mejores semillas) incrementa la productividad media del trabajo, con lo cual el salario es más alto para cualquier nivel de población. La línea de salario real se desplaza hacia arriba. En el nivel inicial de población, el salario sube y la economía se mueve al punto D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-17-c.jpg</image:loc>
        <image:title>La población comienza a incrementarse
: En el punto D, el salario se ha elevado sobre el nivel de subsistencia y, por lo tanto, la población comienza a crecer (punto D′).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-17-d.jpg</image:loc>
        <image:title>Aumenta la población
: A medida que la población aumenta, el salario cae por causa de la productividad marginal decreciente del trabajo. La economía desciende por la curva de salario real desde D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-18.jpg</image:loc>
        <image:title>La trampa maltusiana: salarios y población (década 1280–década 1600).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-g.jpg</image:loc>
        <image:title>La Peste Negra, oferta de trabajo, política y salarios: una economía maltusiana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-a.jpg</image:loc>
        <image:title>Una economía maltusiana en Inglaterra (1300 – 1600)
: En esta figura, examinamos la economía maltusiana que existió en Inglaterra entre los años 1300 y 1600, resaltados en la parte superior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-b.jpg</image:loc>
        <image:title>La Peste Negra (1348–1350)
: La plaga bubónica de 1348–1350, también conocida como la Peste Negra, mató a 1,5 millones de personas de una población estimada de 4 millones, provocando una caída dramática de la oferta de trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-c.jpg</image:loc>
        <image:title>Los salarios subieron después de la peste
: Esta disminución en la población tuvo un beneficio económico para los agricultores y trabajadores que sobrevivieron: los agricultores pasaron a tener más y mejor tierra, y los trabajadores pudieron exigir salarios más altos. Los ingresos se fueron elevando a medida que la peste disminuía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-d.jpg</image:loc>
        <image:title>Agricultores y trabajadores hicieron uso de su poder
: En 1351, el rey Eduardo III de Inglaterra trató de limitar los aumentos salariales por medio de una ley, lo que desencadenó en un periodo de rebeliones contra la autoridad, en particular la revuelta de los campesinos de 1381. A pesar de las acciones del rey, los ingresos siguieron aumentando.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-e.jpg</image:loc>
        <image:title>La población aumentó en el siglo XVI
: Para mediados del siglo XV, los salarios reales de los trabajadores de la construcción de Inglaterra se habían duplicado. Los salarios más altos ayudaron a la población a recuperarse en el siglo XVI, pero la ley de Malthus se impuso: a medida que la población aumentaba, los ingresos fueron cayendo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-19-f.jpg</image:loc>
        <image:title>Estancamiento maltusiano (1350–1600)
: Para 1600, los salarios reales habían caído al nivel en el que estaban 300 años antes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-20.jpg</image:loc>
        <image:title>Escapar a la trampa maltusiana. Nota: la productividad del trabajo y los salarios reales son promedios móviles quinquenales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-f.jpg</image:loc>
        <image:title>Escapar a la trampa maltusiana. Nota: la productividad del trabajo y los salarios reales son promedios móviles quinquenales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-a.jpg</image:loc>
        <image:title>Escapar a la trampa maltusiana
: En el siglo XVIII, la relación maltusiana persistía. En el siglo XIX, la economía parece haberse convertido en un régimen no maltusiano con los salarios reales, incrementándose mientras la población crecía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-b.jpg</image:loc>
        <image:title>La revolución tecnológica permanente
: La historia comienza con mejoras tecnológicas como la hiladora Jenny y la máquina a vapor, que incrementaron el producto por trabajador. La innovación continuó a medida que la revolución tecnológica se iba haciendo permanente, desplazando a miles de hiladores, tejedores y agricultores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-c.jpg</image:loc>
        <image:title>Desempleo urbano
: La pérdida del empleo redujo el poder de negociación de los trabajadores, haciendo que los salarios se mantuvieran bajos, como puede observarse en la línea plana que presenta el gráfico entre 1750 y 1830. El tamaño del pastel se estaba incrementando, pero la porción de los trabajadores no.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-d.jpg</image:loc>
        <image:title>Nuevas oportunidades
: En la década de 1830, una mayor productividad y unos salarios más bajos llevaron a un aumento de los beneficios. Los beneficios, la competencia y la tecnología impulsaron la expansión de los negocios. La demanda de trabajo subió. La gente dejó la agricultura para dedicarse a trabajar en las nuevas fábricas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-02-21-e.jpg</image:loc>
        <image:title>El poder de negociación de los trabajadores
: La oferta de trabajo cayó cuando se prohibió a los empresarios emplear a niños. La combinación de una mayor demanda y una menor oferta de mano de obra mejoró el poder de negociación de los trabajadores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-iEHQR1fG0_g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/12.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-12-header.jpg</image:loc>
        <image:title>Plataforma petrolera ardiendo: Cortesía de la Guardia Costera de los EE.UU.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-01-d.jpg</image:loc>
        <image:title>Costo marginal de la producción de plátano usando Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-01-a.jpg</image:loc>
        <image:title>El costo marginal privado
: La línea púrpura es el costo marginal para los productores: el costo marginal privado (CMP) de la producción de plátanos. Tiene pendiente positiva (ascendente) porque el costo de producir una tonelada adicional aumenta a medida que la tierra se usa más intensamente, lo que requiere más Weevokil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-01-b.jpg</image:loc>
        <image:title>El costo marginal externo
: La línea naranja muestra el costo marginal impuesto por los productores de plátano a los pescadores, el costo marginal externo (CME). Este es el costo de la reducción en la cantidad y calidad del pescado causada por cada tonelada adicional de plátanos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-01-c.jpg</image:loc>
        <image:title>El costo marginal social
: Sumando el CMP y el CME, obtenemos el costo marginal total de la producción de plátano: el costo marginal social (CMS). Esta es la línea verde en el diagrama.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-02.jpg</image:loc>
        <image:title>Elección de nivel de producción de plátanos por parte de las plantaciones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/12-ronald-coase.jpg</image:loc>
        <image:title>Ronald Coase</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-04-c.jpg</image:loc>
        <image:title>Los beneficios de la negociación.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-04-a.jpg</image:loc>
        <image:title>El statu quo
: El punto A representa la situación previa a la negociación. La cantidad de plátanos eficiente en términos de Pareto es 38 000 toneladas. El área sombreada total muestra el beneficio para los pescadores si la producción se reduce de 80 000 a 38 000 (es decir, la reducción en los costos de los pescadores).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-04-b.jpg</image:loc>
        <image:title>Beneficio perdido
: La reducción de la producción de 80 000 a 38 000 toneladas reduce las ganancias de las plantaciones. La reducción es igual a la pérdida del excedente del productor que se muestra en el área azul.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Usar un impuesto para alcanzar la eficiencia en términos de Pareto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-05-a.jpg</image:loc>
        <image:title>El costo marginal externo
: Para la cantidad eficiente en términos de Pareto, 38 000 toneladas, el CMP es de 295 dólares. El CMS, por su parte, es 400 dólares, con lo cual, el costo marginal externo es CMS − CMP = 105 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-05-b.jpg</image:loc>
        <image:title>Impuesto = CMS − CMP
: Si el gobierno establece un impuesto sobre la producción de cada tonelada de plátanos igual a 105 dólares (el costo marginal externo), el precio después de impuestos recibido por las plantaciones será de 295 dólares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-06.jpg</image:loc>
        <image:title>Las plantaciones compensan a los pescadores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/12-arthur-pigou.jpg</image:loc>
        <image:title>Arthur Pigou</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-mcq-04.jpg</image:loc>
        <image:title>El CMP y CMS de la producción de robots al lado de un dormitorio para enfermeras que trabajan por la noche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-3nsoN-LS8RQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-12-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-12-05-c.jpg</image:loc>
        <image:title>Usar un impuesto para alcanzar la eficiencia en términos de Pareto.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/20.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-20-header.jpg</image:loc>
        <image:title>Earth rise as seen from lunar surface: NASA</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-01.svg</image:loc>
        <image:title>Global commodity prices (1960–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-02.jpg</image:loc>
        <image:title>The Grand Banks fishing schooner, The Bluenose.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-03.svg</image:loc>
        <image:title>The amount of cod caught in the Grand Banks (North Atlantic) fisheries (1851–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-04.svg</image:loc>
        <image:title>Positive feedback processes and deforestation in the Amazon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-11-07.svg</image:loc>
        <image:title>Look back at Figure 11.7 showing world oil prices and global oil consumption to answer Question 20.1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-06.svg</image:loc>
        <image:title>Global atmospheric concentration of carbon dioxide and global temperatures (1750–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-07.svg</image:loc>
        <image:title>Another bathtub model: The stock of atmospheric CO2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-08.svg</image:loc>
        <image:title>Carbon dioxide contained in fossil fuel reserves and resources, relative to the atmospheric capacity of the earth.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-09.svg</image:loc>
        <image:title>The cost of potential global greenhouse abatement in 2030 (compared with business as usual), using different policies.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-10.svg</image:loc>
        <image:title>The least-cost abatement curve: How total abatement (at least cost) depends on total abatement expenditures.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-11.svg</image:loc>
        <image:title>The least-cost abatement curve: The trade-off between total cost of abatement and amount of abatement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-12.svg</image:loc>
        <image:title>An abatement cost curve in which more costly technologies are adopted first.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-13-b.svg</image:loc>
        <image:title>Feasible consumption and environmental quality.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-13-a.svg</image:loc>
        <image:title>If no abatement policies are adopted
: If abatement costs are zero, the nation can have €500 billion of consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-14-b.svg</image:loc>
        <image:title>The ideal policymaker’s choice of the abatement level.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-14-a.svg</image:loc>
        <image:title>Allocating €50 billion to abatement
: Point X is the level of environmental protection that the policymaker would wish to implement, with environmental quality at E*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-f.svg</image:loc>
        <image:title>Conflicts of interest over wages and abatement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-a.svg</image:loc>
        <image:title>The representative citizen’s reservation indifference curve is the ‘leave town condition’
: This gives all the combinations of wages and environmental quality that would be just barely sufficient to induce a representative citizen to stay.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-b.svg</image:loc>
        <image:title>The firm’s ‘shutdown condition’
: This shows the combinations of wages and environmental quality offered by the firm that would just barely keep the firm in Brownsville.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-c.svg</image:loc>
        <image:title>Infeasible options
: The portions of the figure above the firm’s shutdown condition and below the citizens’ leave-town condition are infeasible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-d.svg</image:loc>
        <image:title>The citizens have power, point B
: Suppose the citizens could impose a legally enforceable level of environmental quality in the town and set their own wages. Consistent with the firm remaining in town, the citizens set wages at w* and quality of the environment at Emax.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-15-e.svg</image:loc>
        <image:title>A take-it-or-leave-it ultimatum, point A
: On the other hand, if the firm could announce a take-it-or-leave-it ultimatum, it would minimize costs whilst ensuring the citizens do not choose to leave town at Emin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-f.svg</image:loc>
        <image:title>Cap and trade: Buying and selling permits to pollute.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-a.svg</image:loc>
        <image:title>The marginal private cost of abatement (MPCA) of firm A
: This is shown in red and measured in the usual way from the left-hand axis. It rises as its cost of abatement increases. Firm A uses a relatively low-emissions technology to produce its product.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-b.svg</image:loc>
        <image:title>The marginal cost of abatement (MPCA) of firm B
: This is shown in blue and measured from the right-hand axis, so it rises from the right origin as B engages in more abatement. Firm B uses a more emissions-intensive technology to produce its product, and therefore its marginal cost of abatement is higher than for Firm A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-c.svg</image:loc>
        <image:title>Permits split 50–50
: Let’s see what happens if the permits to pollute are initially split 50–50 between the two firms.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-d.svg</image:loc>
        <image:title>Permits split 50–50: The possibility of gains from trading permits.
: Firm B has a higher MPCA. If it can buy a permit to pollute more from Firm A for a price less than its marginal cost, it will purchase the permit, rather than abate. This creates the possibility of gains from the trade in permits.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-16-e.svg</image:loc>
        <image:title>Firm B will buy permits from A: How many?
: How many permits will they exchange? As long as MCPA of firm B exceeds the MPCA of Firm A, both benefit by A selling permits to B. If the market is competitive, we expect trading until the MPCA is equalized across all firms.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-17.svg</image:loc>
        <image:title>Permit prices in the European Union Emissions Trading Scheme (EU ETS).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-18.svg</image:loc>
        <image:title>The abatement technology changes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-19-a.svg</image:loc>
        <image:title>Cost of generating electricity (new capacity) using photovoltaic cells in the US (1976–2009).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-19-b.svg</image:loc>
        <image:title>Cost of generating electricity (new capacity) from different sources in the US (2008–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-20-d.svg</image:loc>
        <image:title>Olympiad Industries’ choice of technology: The effect of an environmental tax on firm behaviour.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-20-a.svg</image:loc>
        <image:title>Technologies A and B
: Both technologies produce 100 metres of textiles: A is coal-intensive and B is solar-intensive. The new technology, B, uses almost entirely solar power with just a bit of coal use for periods of the year when solar power is unreliable.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-20-b.svg</image:loc>
        <image:title>The firm’s isocost line
: The isocost line shows all of the possible combinations of solar and coal (sufficient to produce 100 metres of textiles) that have the same cost. If the isocost is HJ, firms use technology A, because B costs more (it lies outside the line HJ). The flat slope of the isocost line says that coal is a bargain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-20-c.svg</image:loc>
        <image:title>Taxing fossil fuels
: A tax per kilowatt-hour on the use of coal for energy-generation is introduced. This means that for the same cost as 4 tonnes of coal, the firm could now be using 8 solar panels.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-21-e.svg</image:loc>
        <image:title>Omar’s choice: The effect of an environmental tax on choices of air travel and free time.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-21-a.svg</image:loc>
        <image:title>The feasible frontier
: The marginal rate of transformation of foregone free time into air travel is the slope of the feasible frontier. By giving up an hour of free time, Omar can work for an additional hour and earn $50. Each dollar gets him 4 km of air travel, so the MRT is 200. Giving up an hour of free time gets him 200 km of feasible air travel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-21-b.svg</image:loc>
        <image:title>The highest indifference curve that Omar can reach
: This is point A. It results from his choosing to work 200 extra hours so he has 6,760 hours of free time and 40,000 km of air travel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-21-c.svg</image:loc>
        <image:title>The private cost of travel
: To Omar, the private cost of 1 km of air travel is $0.25.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-21-d.svg</image:loc>
        <image:title>A fuel tax
: Consider a tax levied on aviation fuel, so that the price of air travel rises. As a result, a dollar spent on a ticket now purchases only 2 km of air travel. This tax could force airlines and consumers to account for the negative environmental effects of air travel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-mcq-11.svg</image:loc>
        <image:title>A consumer’s choice of the amount of air travel per year.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-22.svg</image:loc>
        <image:title>Arctic sea ice coverage (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-22-b.svg</image:loc>
        <image:title>Arctic sea ice coverage (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-22-c.svg</image:loc>
        <image:title>Arctic sea ice coverage (1935–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-23.svg</image:loc>
        <image:title>The environmental dynamics curve and the environmental tipping point.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-24-c.svg</image:loc>
        <image:title>Climate change and irreversible loss of summer Arctic sea ice.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-24-a.svg</image:loc>
        <image:title>Initial high stable equilibrium
: The environment starts at equilibrium point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-24-b.svg</image:loc>
        <image:title>Global warming lowers the EDC curve
: A warmer climate means that for any amount of sea ice this year, the amount that will be there next year is less. The whole curve shifts downward.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-25-a.svg</image:loc>
        <image:title>Carbon dioxide emissions are higher in richer countries …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-25-b.svg</image:loc>
        <image:title>… but so is the quality of their local environment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-26.svg</image:loc>
        <image:title>Global greenhouse gas abatement curve: Abatement in 2030, compared with business as usual.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-27-c.svg</image:loc>
        <image:title>Is there always a trade-off between consumption and environmental quality?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-27-a.svg</image:loc>
        <image:title>Unrealized potential
: We use the feasible set figure to represent the unrealized abatement potential.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-20-27-b.svg</image:loc>
        <image:title>Win-win actions
: Moving from C to D takes the quality of the environment up to E. Consumption rises because costs (for example for lighting) fall.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/06.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-06-header.jpg</image:loc>
        <image:title>Detroit Industry, North Wall: Art Directors and TRIP/Alamy Stock Photo</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-2Zm5ZLMKhgQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/06-herbert-simon.jpg</image:loc>
        <image:title>Herbert Simon</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-01-c.jpg</image:loc>
        <image:title>Yrityksen toimijat, päätöksenteko ja tiedonkulku.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-01-a.jpg</image:loc>
        <image:title>Omistajat päättävät pitkän aikavälin strategiasta
: Omistajat päättävät hallituksen välityksellä yrityksen pitkän aikavälin strategiasta eli siitä, mitä yritys tuottaa, miten ja missä. Ne käskevät johtoa toteuttamaan päätökset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-01-b.jpg</image:loc>
        <image:title>Johtajat jakavat tehtävät työntekijöille
: Johtaja tai johtajat jakavat päätösten edellyttämät tehtävät työntekijöille ja koettavat valvoa, että työt tulevat tehdyiksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/06-karl-marx.jpg</image:loc>
        <image:title>Photograph of Karl Marx by John Mayall, public domain, via Wikimedia Commons</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-g.jpg</image:loc>
        <image:title>Marian työsuhteen ylituotto tietyllä työpanoksen tasolla ja 12 euron tuntipalkalla ilman työttömyyskorvauksia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-a.jpg</image:loc>
        <image:title>Marian palkka
: Marian tuntipalkka verojen ja muiden maksujen jälkeen on 12 euroa. Jos hän jatkaa työpaikassaan, hän saa tätä palkkaa nykyhetkestä (aika = 0) ennakoitavissa olevaan tulevaisuuteen. Tätä kuvaa vaakasuora viiva kaavion ylälaidassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-b.jpg</image:loc>
        <image:title>Työnteon haitta
: Marian työpanoksen taso on 0,5, jolloin hän tekee puolet työajastaan jotain muuta kuin töitä. Tällä työpanoksen tasolla työn kustannus Marialle on kaksi euroa tunnissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-c.jpg</image:loc>
        <image:title>Työnteon nettohyöty
: Marian työsuhteen ylituotto tuntia kohti on hänen palkkansa ja työnteon aiheuttaman haitan välinen erotus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-d.jpg</image:loc>
        <image:title>Työttömyyden kohdatessa
: Jos Marialle käykin ikävästi ja hän jää työttömäksi ajanhetkenä 0, hän ei enää saa palkkaa. Palkattomuutta kestää niin kauan kuin hän on työttömänä. Tätä kuvaa vaakasuora viiva kaavion alalaidassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-e.jpg</image:loc>
        <image:title>Työttömyyden kesto
: Maria odottaa työttömyyden kestävän 44 viikkoa. Tänä aikana hän olisi tehnyt töitä 35 tuntia viikossa. Hän jää ilman palkkaa koko tältä ajalta muttei toisaalta kärsi työnteon haittaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-02-f.jpg</image:loc>
        <image:title>Maria työllistyy jälleen
: Maria odottaa löytävänsä uuden työn samalla palkalla 44 viikon kuluttua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-03.jpg</image:loc>
        <image:title>Marian työsuhteen ylituotto tietyllä työpanoksen tasolla ja 12 euron tuntipalkalla, kun työttömyyskorvaus on kuusi euroa rajoittamattoman ajan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-g.jpg</image:loc>
        <image:title>Marian paras vaste palkkaan. Piste J vastaa kuvion 6.3 tilannetta (palkka 12 euroa, työpanoksen taso 0,5 ja mahdollisen työttömyyden arvioitu kesto 44 viikkoa).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-a.jpg</image:loc>
        <image:title>Työpanos tuntia kohti
: Pystyakselin muuttuja on työpanos tuntia kohti. Se vaihtelee nollasta yhteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-b.jpg</image:loc>
        <image:title>Työpanoksen ja palkan suhde
: Jos Marian palkka on kuusi euroa, työpaikalla ei ole hänelle merkitystä, sillä kuusi euroa on hänen reservaatiopalkkansa. Tällä palkalla hän ei panosta työhön lainkaan. Jos hänelle maksetaan parempaa palkkaa, työpanos kasvaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>Työntekijän paras vaste
: Ylöspäin kaartuva käyrä kuvaa Marian työpanosta eri tuntipalkan arvoilla (vaaka-akseli).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-d.jpg</image:loc>
        <image:title>Palkankorotuksen vaikutus matalalla työpanoksen tasolla
: Pienillä palkan arvoilla parhaan vasteen käyrä on jyrkästi nouseva. Se tarkoittaa, että pienikin palkankorotus kasvattaa työpanosta huomattavasti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-e.jpg</image:loc>
        <image:title>Laskeva rajatuotto
: Kun palkkataso nousee, palkankorotukset eivät enää kasvata työpanosta yhtä paljon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-04-f.jpg</image:loc>
        <image:title>Työnantajan mahdollisuuksien joukko
: Parhaan vasteen käyrä rajaa työnantajan mahdollisuuksien joukon. Joukko sisältää ne palkan ja työpanoksen yhdistelmät, jotka työnantaja voi saada työntekijöiltään.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-05-e.jpg</image:loc>
        <image:title>Työnantajan samahyötykäyrät eli työpanoksen samakustannussuorat.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-05-a.jpg</image:loc>
        <image:title>Työpanoksen samakustannussuora
: Jos w = 10 euroa ja e = 0,45, niin e/w = 0,045. Työpanoksen ja palkan suhdeluku on sama kaikissa suoran pisteissä. Työpanoksen yksikkökustannus on w/e = 22,22 euroa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-05-b.jpg</image:loc>
        <image:title>Samakustannussuoran kulmakerroin
: Samakustannussuora on nouseva, koska työpanoksen lisäys merkitsee suurempaa palkkaa, kun suhdeluku e/w pysyy vakiona. Kulmakerroin on e/w = 0,045 eli työpanosyksiköiden määrä euroa kohti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-05-c.jpg</image:loc>
        <image:title>Muita samakustannussuoria
: Samakustannussuoran kulmakerroin on e/w, kun taas työpanoksen kustannus on kulmakertoimen käänteisluku w/e. Näin ollen jyrkällä samakustannussuoralla työpanoksen kustannus on pieni, loivalla suoralla suuri.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-05-d.jpg</image:loc>
        <image:title>Jyrkemmät samakustannussuorat ovat työnantajalle parempia
: Jos samakustannussuora nousee jyrkästi, työpanoksen kustannus on pieni, jolloin työnantajalle jää enemmän voittoa. Jyrkimmällä samakustannussuoralla työnantaja saa 10 euron tuntipalkalla 0,7 työpanosyksikköä (piste B). Työpanoksen yksikkökustannus on 10 euroa / 0,7 = 14,29 euroa. Keskimmäisellä samakustannussuoralla työnantaja saa 10 euron tuntipalkalla vain 0,45 työpanosyksikköä, jolloin yksikkökustannus on 22,22 euroa ja voitto pienenee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-f.jpg</image:loc>
        <image:title>Työnantaja asettaa palkan, jolla työpanoksen kustannus minimoituu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-a.jpg</image:loc>
        <image:title>Työpanoksen kustannus minimiin
: Maksimoidakseen voittonsa yrityksen omistaja pyrkii hankkimaan työpanoksen mahdollisimman halvalla. Hän pyrkii siis jyrkimmälle mahdolliselle samakustannussuoralle. Hän ei kuitenkaan pysty määräämään työpanoksen tasoa, vaan hänen on valittava jokin piste työtekijän parhaan vasteen käyrältä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-b.jpg</image:loc>
        <image:title>Piste C ei ole työnantajan paras vaihtoehto
: Olisiko piste C hyvä valinta? Selvästikään ei. Jos omistaja maksaa hieman lisää, palkan ja työpanoksen suhdeluku laskee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-c.jpg</image:loc>
        <image:title>Piste A on työnantajan paras vaihtoehto
: Työnantajan paras vaihtoehto on samakustannussuora, joka sivuaa työntekijän parhaan vasteen käyrää.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-d.jpg</image:loc>
        <image:title>Rajasubstituutiosuhde = rajamuunnossuhde
: Työnantajan parhaassa vaihtoehdossa rajasubstituutiosuhde MRS eli työpanoksen samakustannuskäyrän kulmakerroin on yhtä suuri kuin palkan ja työpanoksen rajamuunnossuhde MRT eli parhaan vasteen käyrän kulmakerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-06-e.jpg</image:loc>
        <image:title>Piste B
: Jyrkemmän samakustannuskäyrän piste, kuten B, olisi työnantajalle edullisempi. Se ei kuitenkaan ole mahdollinen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-07-d.jpg</image:loc>
        <image:title>Parhaan vasteen käyrä riippuu työttömyystilanteesta ja työttömyyskorvauksesta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-07-a.jpg</image:loc>
        <image:title>Alkutilanne
: Parhaan vasteen käyrän sijainti riippuu reservaatiopalkasta. Käyrä leikkaa vaaka-akselin reservaatiopalkan kohdalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-07-b.jpg</image:loc>
        <image:title>Työttömyyskorvauksen vaikutus
: Työttömyyskorvauksen korotus nostaa reservaatiopalkkaa, jolloin työntekijän parhaan vasteen käyrä siirtyy oikealle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-06-07-c.jpg</image:loc>
        <image:title>Työttömyys lisääntyy
: Jos työttömyys lisääntyy, työntekijä voi odottaa työttömyytensä kestävän pidempään. Hänen reservaatiopalkkansa pienenee, ja parhaan vasteen käyrä siirtyy vasemmalle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/06-john-stuart-mill.jpg</image:loc>
        <image:title>The Popular Science Monthly</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-12-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-12-05-c.svg</image:loc>
        <image:title>Using a tax to achieve Pareto efficiency.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/22.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-22-header.jpg</image:loc>
        <image:title>Elections in South Africa: FARRELL/AP/REX/Shutterstock</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-01.jpg</image:loc>
        <image:title>Apartheid ja sen loppu: Etelä-Afrikan vanhuuseläkkeet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-02.jpg</image:loc>
        <image:title>Ison-Britannian julkisen sektorin kasvu, 1500–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-04-b.jpg</image:loc>
        <image:title>Tulevaisuuteen katsova diktaattori arvioi yhteenlaskettua poliittista ylituottoa kahdella eri verotulojen tasolla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-04-a.jpg</image:loc>
        <image:title>Suuremmat verot
: Jos diktaattorin keräämät verotulot ovat T2, hän odottaa pysyvänsä vallassa D2 vuotta. Hänen poliittinen ylituottonsa koko ajalta on (T2 − C)D2, jossa C on julkishyödykkeen tarjoamisen kustannus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-05.jpg</image:loc>
        <image:title>Valtakausisuora: diktaattori asettaa veron ottamalla huomioon julkisten palveluiden kustannukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-06.jpg</image:loc>
        <image:title>Diktaattori valitsee poliittiset ylituottonsa maksimoivan veron.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-08-c.jpg</image:loc>
        <image:title>Verojen ja valtakauden keston mahdollisuuksien joukko kilpailutilanteen vaihdellessa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-08-a.jpg</image:loc>
        <image:title>Diktatuuri
: Diktatuurissa valtakausisuora on jyrkkä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-08-b.jpg</image:loc>
        <image:title>Loivempi suora
: Kilpailu loiventaa valtakausisuoraa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-09.jpg</image:loc>
        <image:title>Verojen valinta erilaisissa kilpailutilanteissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-10.jpg</image:loc>
        <image:title>Kilpailu ja vakaus: eliitti hyötyy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/22-kenneth-arrow.jpg</image:loc>
        <image:title>Kenneth Arrow</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-h.jpg</image:loc>
        <image:title>Jäätelönmyyjät rannalla: vaalikamppailun mediaaniäänestäjämalli.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-a.jpg</image:loc>
        <image:title>Yksi myyjä
: Rannalle saapuu yksi myyjä, April, joka sijoittuu pisteeseen A0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-b.jpg</image:loc>
        <image:title>Toinen myyjä
: Rannalle saapuu toinen myyjä, Bob, joka pystyttää kojunsa pisteeseen B0, Aprilin kojun ja rannan oikean laidan väliin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-c.jpg</image:loc>
        <image:title>Bob siirtyy vasemmalle
: Bob huomaa, että hän voi lisätä myyntiä siirtymällä vasemmalle lähemmäksi Aprilia, pisteeseen B1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-d.jpg</image:loc>
        <image:title>April vastaa…
: Aprilin asiakaskunta on supistunut, joten hän siirtyy Bobin oikealle puolelle, pisteeseen A1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-e.jpg</image:loc>
        <image:title>… ja Bob vastaa vuorostaan…
: Bob tekee samoin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-f.jpg</image:loc>
        <image:title>Myyjät hivuttautuvat keskelle
: April ja Bob ohittelevat toisiaan, kunnes ovat aivan vierekkäin keskellä rantaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-11-g.jpg</image:loc>
        <image:title>Rannan puolivälissä
: Tässä pisteessä kummallakaan ei ole kannustinta siirtyä, koska asiakaskunta jakautuu heidän välillään puoliksi. Tämä on pelisääntöjemme mukainen Nash-tasapaino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/22-albert-otto-hirschman.jpg</image:loc>
        <image:title>Albert O. Hirschman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-13.jpg</image:loc>
        <image:title>Demokratian leviäminen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-14.jpg</image:loc>
        <image:title>Suomen, Yhdysvaltain ja Etelä-Korean julkiset menot vuonna 2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-15.jpg</image:loc>
        <image:title>Demokraattinen vastuu ja vallansiirto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-10-flowchart.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-16.jpg</image:loc>
        <image:title>Demokratian kesto ja työaika, 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-17.jpg</image:loc>
        <image:title>Demokratian kesto ja käytettävissä olevien tulojen erot, 2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-18-a-c.jpg</image:loc>
        <image:title>Työttömyyskorvauksen lyhyen ja pitkän aikavälin vaikutukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-18-a-a.jpg</image:loc>
        <image:title>Alkutilanne
: Nash-tasapaino on pisteessä N. Uudet vallanpitäjät ottavat käyttöön työttömyyskorvauksen, joka rahoitetaan voittoja verottamalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-18-a-b.jpg</image:loc>
        <image:title>Tahaton seuraus
: Työllisten työntekijöiden reservaatio-optio paranee, joten työnantajat joutuvat maksamaan enemmän kannustaakseen työntekijöitä työntekoon. Tätä vastaa piste C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-18-b.jpg</image:loc>
        <image:title>Työttömyyskorvaus ja solidaarinen palkkapolitiikka.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-19.jpg</image:loc>
        <image:title>Chilen pörssikurssit: sosialistipresidentin valinta 1970.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-_rqi4dd7_B4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-20-a.jpg</image:loc>
        <image:title>Chilen pörssikurssit: sotilasvallankaappaus 1973.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-22-20-b.jpg</image:loc>
        <image:title>Ajankohta nolla on kansanäänestystä seuraava päivä Santiagon pörssissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Kuvio 20.25a osoitti, etteivät kaikki keskenään yhtä rikkaat maat aiheuta yhtä paljon hiilidioksidipäästöjä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>Kuten kuviosta 19.30a näimme, rikkaissa ja yhtä nopeasti kasvavissa talouksissa voi olla erilaiset tuloerot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/03.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-03-header.jpg</image:loc>
        <image:title>Mécanismes de vieille horloge : Jose Ignacio Soto/Shutterstock.com</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-01.jpg</image:loc>
        <image:title>Nombre d’heures travaillées et revenus annuels (1870–2000)
: Nombre d’heures travaillées et revenus annuels (1870–2000)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-02.jpg</image:loc>
        <image:title>Nombre d’heures de temps libre par travailleur et revenus annuels (2013)
: Nombre d’heures de temps libre par travailleur et revenus annuels (2013)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>Comment le temps passé à étudier affecte-t-il la note d’Alexei ?
: Comment le temps passé à étudier affecte la note d’Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-a.jpg</image:loc>
        <image:title>Fonction de production d’Alexei
: La courbe est la fonction de production d’Alexei. Elle montre comment le facteur des heures passées à étudier produit un résultat, la note finale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-b.jpg</image:loc>
        <image:title>Quatre heures passées à étudier chaque jour
: Quatre heures passées à étudier chaque jour : si Alexei étudie 4 heures, sa note sera 50.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-c.jpg</image:loc>
        <image:title>Dix heures passées à étudier chaque jour
: Dix heures passées à étudier chaque jour : si Alexei étudie 10 heures, il obtiendra une note de 81.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-d.jpg</image:loc>
        <image:title>Note maximum d’Alexei
: Note maximum d’Alexei : avec 15 heures passées à étudier, Alexei obtient sa note maximum, 90. Travailler davantage ne ferait aucune différence pour son résultat : la courbe est plate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-e.jpg</image:loc>
        <image:title>Augmenter le temps passé à étudier de 4 à 5 heures
: Augmenter le temps passé à étudier de 4 à 5 heures augmente la note d’Alexei de 50 à 57. Aussi, pour 4 heures passées à étudier, la productivité marginale d’une heure additionnelle est de 7 points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-f.jpg</image:loc>
        <image:title>Augmenter le temps passé à étudier de 10 à 11 heures
: Augmenter le temps passé à étudier de 10 à 11 heures augmente la note d’Alexei de 81 à 84. Pour 10 heures passées à étudier, la productivité marginale d’une heure additionnelle est de 3 points. À mesure que nous nous déplaçons le long de la courbe, la pente de la courbe diminue, de sorte que la productivité marginale d’une heure additionnelle diminue. La productivité marginale est décroissante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-g.jpg</image:loc>
        <image:title>La productivité moyenne d’une heure passée à étudier
: La productivité moyenne d’une heure passée à étudier : quand Alexei étudie 4 heures par jour sa productivité moyenne est 50/4 = 12,5 points, ce qui correspond à la pente de la corde de ce point vers l’origine.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-h.jpg</image:loc>
        <image:title>La productivité marginale est plus faible que la productivité moyenne
: La productivité marginale est plus faible que la productivité moyenne : avec 4 heures de travail par jour, la productivité moyenne est de 12,5 points. Pour 10 heures de travail, elle est plus faible (81/10 = 8,1). La productivité moyenne diminue à mesure que nous nous déplaçons le long de la courbe. Pour chaque point, la productivité marginale (la pente de la courbe) est plus faible que la productivité moyenne (la pente de la corde).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Représentation des préférences d’Alexei
: Représentation des préférences d’Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-a.jpg</image:loc>
        <image:title>Alexei préfère plus de temps libre à moins de temps libre
: Les combinaisons A et B donnent toutes les deux une note de 84, mais Alexei préférera A car la combinaison donne plus de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-b.jpg</image:loc>
        <image:title>Alexei préfère une note élevée à une note faible
: Avec les combinaisons C et D, Alexei a 20 heures de temps libre par jour, mais il préfère D car cela lui donne une note plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-c.jpg</image:loc>
        <image:title>Indifférence
: … mais nous ne savons pas si Alexei préfère A ou E, aussi nous lui demandons : il dit qu’il est indifférent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-d.jpg</image:loc>
        <image:title>D’autres combinaisons donnent la même utilité
: Alexei dit que F est une autre combinaison qui lui donnerait la même utilité que A et E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-e.jpg</image:loc>
        <image:title>Construction de la courbe d’indifférence
: En posant plus de questions, nous découvrons qu’Alexei est indifférent entre toutes les combinaisons situées entre A et D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-f.jpg</image:loc>
        <image:title>Construction de la courbe d’indifférence
: Ces points sont reliés pour former une courbe d’indifférence.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-f.jpg</image:loc>
        <image:title>Le taux marginal de substitution
: Le taux marginal de substitution.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-a.jpg</image:loc>
        <image:title>Courbes d’indifférence d’Alexei
: Le graphique montre trois courbes d’indifférence d’Alexei. La courbe la plus à gauche offre le niveau de satisfaction le plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-b.jpg</image:loc>
        <image:title>Point A
: Au point A, il a 15 heures de temps libre et sa note est de 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-c.jpg</image:loc>
        <image:title>Alexei est indifférent entre A et E
: Il serait prêt à changer A pour E, renonçant ainsi à 9 points pour une heure de temps libre supplémentaire. Son taux marginal de substitution est de 9 points. La courbe d’indifférence est pentue au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-d.jpg</image:loc>
        <image:title>Alexei est indifférent entre H et D
: Au point H, il est seulement désireux de renoncer à 4 points pour une heure additionnelle de temps libre. Son TMS est 4. À mesure que nous descendons le long de la courbe d’indifférence, le TMS diminue, car les points deviennent rares par rapport au temps libre. La courbe d’indifférence s’aplatit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-07-e.jpg</image:loc>
        <image:title>Toutes les combinaisons avec 15 heures de temps libre
: Regardez les combinaisons avec 15 heures de temps libre. Sur la courbe la plus basse, la note est faible et le TMS est petit. Alexei souhaiterait alors renoncer seulement à quelques points pour une heure de temps libre. Quand nous nous déplaçons au-dessus de la ligne verticale, les courbes d’indifférence sont plus pentues : le TMS augmente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-i.jpg</image:loc>
        <image:title>Comment la quantité de temps libre choisie par Alexei affecte-t-elle sa note ?
: Comment la quantité de temps libre choisie par Alexei affecte-t-elle sa note ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-a.jpg</image:loc>
        <image:title>La frontière des possibles
: La courbe est appelée la « frontière des possibles ». Elle montre la note finale la plus élevée qu’Alexei peut obtenir, étant donné le nombre d’heures de temps libre qu’il s’accorde. Avec 24 heures de temps libre, sa note serait de 0. En prenant moins de temps libre, Alexei peut espérer une note plus élevée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-b.jpg</image:loc>
        <image:title>Une combinaison possible
: Si Alexei prend 13 heures de temps libre par jour, il peut obtenir une note de 84.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-c.jpg</image:loc>
        <image:title>Combinaisons impossibles
: Étant donné les capacités d’Alexei et les conditions dans lesquelles il étudie, en conditions normales, il ne peut pas s’accorder 20 heures de temps libre et s’attendre à obtenir une note de 70 (rappelez-vous que nous supposons que la chance n’importe pas). Aussi, B est une combinaison impossible d’heures de temps libre et de note finale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-d.jpg</image:loc>
        <image:title>Une combinaison possible
: La note maximum qu’Alexei peut obtenir avec 19 heures de temps libre par jour est 57.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-e.jpg</image:loc>
        <image:title>À l’intérieur de la frontière
: La combinaison D est possible, mais Alexei gâcherait son temps ou des points à l’examen. Il pourrait obtenir une note plus élevée avec le même nombre d’heures consacrées à étudier par jour, ou avoir plus de temps libre et obtenir néanmoins la note de 70.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-f.jpg</image:loc>
        <image:title>L’ensemble des possibles
: L’aire à l’intérieur de la frontière, incluant la frontière, est appelée l’ensemble des possibles. (L’ensemble comprend ici toutes les combinaisons possibles de temps libre et de note.)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-g.jpg</image:loc>
        <image:title>Le coût d’opportunité du temps libre
: Avec la combinaison A, Alexei pourrait obtenir une heure de temps libre supplémentaire en renonçant à 3 points à l’examen. Le coût d’opportunité d’une heure de temps libre en A est de 3 points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-09-h.jpg</image:loc>
        <image:title>Le coût d’opportunité varie
: Plus il prend de temps libre, plus la productivité marginale des heures consacrées à étudier est élevée, ce qui fait augmenter le coût d’opportunité du temps libre. Au point C le coût d’opportunité d’une heure de temps libre est plus élevé qu’au point A : Alexei devrait renoncer à 7 points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-g.jpg</image:loc>
        <image:title>Combien d’heures Alexei décide-t-il d’étudier ?
: Combien d’heures Alexei décide-t-il d’étudier ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-a.jpg</image:loc>
        <image:title>Quel point Alexei choisira-t-il ?
: Le graphique représente à la fois les courbes d’indifférence d’Alexei et sa frontière des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-b.jpg</image:loc>
        <image:title>Combinaisons possibles
: Sur la courbe d’indifférence IC1, toutes les combinaisons entre A et B sont possibles car elles se trouvent dans l’ensemble des possibles. Supposez qu’Alexei choisisse l’un de ces points.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-c.jpg</image:loc>
        <image:title>Pourrait mieux faire
: Toutes les combinaisons dans la zone en forme de haricot entre IC1 et la frontière des possibles sont réalisables, et donnent une utilité supérieure par rapport aux combinaisons sur IC1. Par exemple, un mouvement vers C augmenterait l’utilité d’Alexei.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-d.jpg</image:loc>
        <image:title>Pourrait mieux faire
: Se déplacer de IC1 vers le point C sur IC2 augmente l’utilité d’Alexei. Changer B pour D augmenterait son utilité d’un montant équivalent.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-e.jpg</image:loc>
        <image:title>L’arbitrage le meilleur possible
: Mais, à nouveau, Alexei peut augmenter son utilité en se déplaçant dans la zone en forme de haricot au-dessus de IC2. Il peut continuer à trouver des combinaisons possibles sur des courbes d’indifférence plus élevées jusqu’à ce qu’il atteigne E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-10-a-f.jpg</image:loc>
        <image:title>L’arbitrage le meilleur possible
: Au point E, il a 19 heures de temps libre par jour et une note de 57. Alexei maximise son utilité : il est sur la courbe d’indifférence la plus élevée qu’il peut atteindre, étant donné la frontière des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-12-d.jpg</image:loc>
        <image:title>Comment le progrès technologigue affecte la fonction de production
: Comment le progrès technologigue affecte la fonction de production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-12-a.jpg</image:loc>
        <image:title>Technologie initiale
: Le tableau indique comment le montant de céréales produit dépend du nombre d’heures travaillées chaque jour. Par exemple, si Angela travaille 12 heures par jour, elle produira 64 unités de céréales. Il s’agit du point B sur le graphique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-12-b.jpg</image:loc>
        <image:title>Amélioration technologique
: Une amélioration technologique implique que plus de céréales sont produites pour un nombre donné d’heures travaillées. La fonction de production (FP) se déplace vers le haut, de FP vers FPnouvelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-12-c.jpg</image:loc>
        <image:title>Plus de céréales pour la même quantité de travail
: Maintenant, si Angela travaille 12 heures par jour, elle peut produire 74 unités de céréales (point C).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-13.jpg</image:loc>
        <image:title>Une amélioration de la technologie agrandit l’ensemble des possibles d’Angela
: Une amélioration de la technologie agrandit l’ensemble des possibles d’Angela
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-14-d.jpg</image:loc>
        <image:title>Choix d’Angela entre temps libre et céréales.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-14-a.jpg</image:loc>
        <image:title>Maximiser l’utilité avec la technologie initiale
: Le graphique montre l’ensemble des possibles avec la fonction de production initiale, ainsi que les courbes d’indifférence d’Angela pour les combinaisons de céréales et de temps libre. La courbe d’indifférence la plus élevée qu’elle peut obtenir est CI3, au point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-14-b.jpg</image:loc>
        <image:title>TMS = TMT pour l’utilité maximale
: Son choix optimal est le point A sur la frontière des possibles. Elle bénéficie de 16 heures de temps libre par jour et consomme 55 unités de céréales. Au point A, son TMS est égal au TMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-14-c.jpg</image:loc>
        <image:title>Progrès technologique
: Une amélioration de la technologie agrandit l’ensemble des possibles. Elle peut maintenant faire mieux que le point A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-mcq-09-a.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-mcq-09-b.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-15-d.jpg</image:loc>
        <image:title>Votre choix préféré de temps libre et de consommation
: Votre choix préféré de temps libre et de consommation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-15-a.jpg</image:loc>
        <image:title>Contrainte budgétaire
: La ligne droite est votre contrainte budgétaire : elle montre le montant maximum de consommation que vous pouvez avoir pour chaque niveau de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-15-b.jpg</image:loc>
        <image:title>Pente de la contrainte budgétaire
: La pente de la contrainte budgétaire est égale au salaire, 15 $ (en valeur absolue). Il s’agit de votre TMT (le taux auquel vous pouvez transformer du temps en consommation), et il s’agit aussi du coût d’opportunité du temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-15-c.jpg</image:loc>
        <image:title>Ensemble des possibles
: La contrainte budgétaire est votre frontière des possibles, et l’aire en dessous est l’ensemble des possibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-17.jpg</image:loc>
        <image:title>L’effet d’un revenu additionnel sur votre choix de temps libre et de consommation
: Graphique montrant l’effet d’un revenu additionnel sur votre choix de temps libre et de consommation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-18.jpg</image:loc>
        <image:title>Effet d’un revenu additionnel pour un individu dont le TMS ne change pas lorsque la consommation augmente
: Tableau montrant l’effet d’un revenu additionnel pour un individu dont le TMS ne change pas lorsque la consommation augmente
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-a.jpg</image:loc>
        <image:title>Tableau montrant l’effet d’une hausse de salaire sur votre choix de temps libre et de consommation
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-f.jpg</image:loc>
        <image:title>Effet d’une augmentation de salaire sur votre choix de temps libre et de consommation
: Effet d’une augmentation de salaire sur votre choix de temps libre et de consommation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-a.jpg</image:loc>
        <image:title>Hausse du salaire
: Quand le salaire est de 15 $, votre meilleur choix d’heures et de consommation est au point A. La droite plus pentue identifie votre nouvelle contrainte budgétaire quand le salaire augmente au niveau de 25 $. Votre ensemble des possibles s’est agrandi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-b.jpg</image:loc>
        <image:title>Maintenant, vous pouvez atteindre une courbe d’indifférence plus élevée
: Le point D sur CI4 vous donne la plus grande utilité. Au point D, votre TMS est égal au nouveau salaire, 25 $. Vous avez seulement 17 heures de temps libre, mais votre consommation a augmenté pour s’établir au niveau de 175 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-c.jpg</image:loc>
        <image:title>S’il n’y avait pas de changement dans le coût d’opportunité du temps libre
: La droite en pointillé montre ce qui se passerait si vous aviez assez de revenus pour atteindre CI4 sans un changement dans le coût d’opportunité du temps libre. Vous pourriez choisir C, avec plus de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-d.jpg</image:loc>
        <image:title>Effet de revenu
: Le déplacement de A à C est appelé l’« effet de revenu » de l’augmentation du salaire. Pris isolément, cela vous amènera à prendre plus de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-19-b-e.jpg</image:loc>
        <image:title>Effet de substitution
: La hausse dans le coût d’opportunité du temps libre rend la contrainte budgétaire plus pentue. Cela vous amène à choisir D plutôt que C, avec moins de temps libre. Cela s’appelle l’« effet de substitution » de l’augmentation du revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-20-e.jpg</image:loc>
        <image:title>Plus de biens et de temps libre aux États-Unis (1900–2013)
: Application du modèle à des données historiques : plus de biens et de temps libre aux États-Unis (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-20-a.jpg</image:loc>
        <image:title>Utiliser le modèle pour expliquer les changements historiques
: Nous pouvons interpréter l’évolution entre 1900 et 2013 du temps libre et des biens par jour pour les employés américains en utilisant notre modèle. Les droites continues montrent les ensembles des possibles pour le temps libre et les biens en 1990 et 2013, où la pente de chaque contrainte budgétaire est le salaire réel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-20-b.jpg</image:loc>
        <image:title>Courbes d’indifférence
: En faisant l’hypothèse que les travailleurs choisissent le nombre d’heures travaillées, nous pouvons déduire la forme approximative de leurs courbes d’indifférence.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-20-c.jpg</image:loc>
        <image:title>Effet de revenu
: Le passage de A à C est l’effet de revenu associé à la hausse du salaire, qui pris isolément inciterait les travailleurs américains à s’octroyer davantage de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-20-d.jpg</image:loc>
        <image:title>Effet de substitution
: L’augmentation du coût d’opportunité du temps libre a poussé les travailleurs américains à choisir D plutôt que C, avec moins de temps libre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-FrIhloNEwT8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-21.jpg</image:loc>
        <image:title>Estimations des heures de travail et de loisirs au cours d’une vie (1880, 1995, 2040)
: Estimations des heures de travail et de loisirs au cours d’une vie (1880, 1995, 2040)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-23-c.jpg</image:loc>
        <image:title>Utilisation du modèle pour expliquer les différences de temps libre et de consommation par jour entre pays (2013)
: Utilisation du modèle pour expliquer les différences de temps libre et de consommation par jour entre pays (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-23-a.jpg</image:loc>
        <image:title>Différences entre les pays
: Utilisation du modèle pour expliquer les différences de temps libre et de consommation par jour entre pays (2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-23-b.jpg</image:loc>
        <image:title>Courbes d’indifférence des travailleurs
: Ces courbes d’indifférence pourraient expliquer la différence observée entre les pays. Note : elles ne s’appuient pas sur des données ; nous avons dessiné des courbes d’indifférence plausibles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-exercise-11.jpg</image:loc>
        <image:title>Heures de travail au cours du 20e siècle
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-07-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>Les fonctions de coût total, coût moyen et coût marginal de Beautiful Cars.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-07-04-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-04-f.jpg</image:loc>
        <image:title>Omena-kanelimurojen samavoittokäyrät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-10-f.jpg</image:loc>
        <image:title>Ajattomien Autojen samavoittokäyrät.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-08-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-08.jpg</image:loc>
        <image:title>Équilibre sur le marché du pain.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/19.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-19-header.jpg</image:loc>
        <image:title>Brazilian favela: © Tuca Vieira</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-e.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-disposable-income.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-01.svg</image:loc>
        <image:title>Inequality in wealth, earnings, and disposable income: US, Sweden, and Japan (2000s).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-02.svg</image:loc>
        <image:title>Share of total wealth held by the richest 1% (1740–2011).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-03.svg</image:loc>
        <image:title>The share of total income received by the top 1% (1913–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-04.svg</image:loc>
        <image:title>Declining share of the top 1% in some European economies and Japan (1900–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-ouhJrEcrCzQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-05-c.svg</image:loc>
        <image:title>Global and between-country income inequality (1952–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-05-a.svg</image:loc>
        <image:title>Inequality among the world’s individuals falls (1986–2013)
: The blue line shows income inequality among all individuals in the world. It is, effectively, the world’s Gini coefficient.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-05-b.svg</image:loc>
        <image:title>The hypothetical inequality between countries falls…
: The red curve shows the between-country income inequality between 1952 and 2015. To calculate it, we assume everyone in a given country had the same income. Since the 1980s, inequality started to decline rapidly.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-06-b.svg</image:loc>
        <image:title>The missing middle in the US (2014–24): Occupations forecast to undergo job changes of 10,000 employees or more.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-06-a.svg</image:loc>
        <image:title>Estimated projected US jobs growth
: Figure 19.6 arranges jobs from the highest paid (in hourly wages) at the top to the lowest paid jobs at the bottom, and estimates growth or contraction of employment on the horizontal axis.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-07.svg</image:loc>
        <image:title>The missing middle in the US (2014–24): Job growth is highest in the top fifth and bottom fifth of occupations in the US, by mean annual earnings.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-08.svg</image:loc>
        <image:title>Categorical inequality: Schooling and lifetime earnings for men and women in the US.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-09.svg</image:loc>
        <image:title>Categorical inequality: Average years of schooling, girls relative to boys (1970–2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-10.svg</image:loc>
        <image:title>Intergenerational inequality in earnings: The US and Denmark.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-11.svg</image:loc>
        <image:title>Intergenerational and cross-sectional inequality.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-12.svg</image:loc>
        <image:title>Inequality is one of the main problems that students think economics should address.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-13.svg</image:loc>
        <image:title>Ideal, estimated, and actual distribution of wealth for people in the US.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-14.svg</image:loc>
        <image:title>How beliefs about what it takes to get ahead predict whether people in the US support or oppose government programs to redistribute income to the poor.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-g.svg</image:loc>
        <image:title>Choosing between feasible income distributions.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-a.svg</image:loc>
        <image:title>Equality between rich and poor
: Point E shows the case in which rich and poor receive the same income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-b.svg</image:loc>
        <image:title>Rawls’ ideal
: Rawls’ preferred point is R, where the poor are as rich as possible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-c.svg</image:loc>
        <image:title>The feasible set
: The red curved line made passing through R and E (and the other points above R) is the frontier of the feasible set of income distributions of this economy. Its slope is the MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-d.svg</image:loc>
        <image:title>Maximum expected income
: If you were interested in maximizing your expected income then you would choose point A, where the income gains of the rich are exactly offset by income losses by the poor, so the marginal rate of transformation is equal to one.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-e.svg</image:loc>
        <image:title>If you knew you would be rich
: If you could rig the coin flip so that you knew you would end up rich (and you had no concern about fairness) you would select point F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-15-f.svg</image:loc>
        <image:title>The worst solution for the poor
: Point D denotes the minimal income of the poor and, like E, is not Pareto-efficient.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-16.svg</image:loc>
        <image:title>The causal relationships between technology, institutions and policies, endowments, and inequality.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-18.svg</image:loc>
        <image:title>Economic inequality over time. The red arrows show that economic inequality in one period has effects on technologies, institutions and policies, and differences in endowments in the future.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-19-e.svg</image:loc>
        <image:title>The credit and labour markets shape the relationships between groups with different endowments.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-19-a.svg</image:loc>
        <image:title>A model economy
: Consider an economy with wealthy individuals and employees.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-19-b.svg</image:loc>
        <image:title>Credit market excluded
: Those without wealth (collateral) or insufficient wealth are excluded from the credit market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-19-c.svg</image:loc>
        <image:title>Wealthy individuals and successful borrowers
: These people can purchase capital goods so as to become employers.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-19-d.svg</image:loc>
        <image:title>Those who are not wealthy
: These are employees or unemployed.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-20-d.svg</image:loc>
        <image:title>The effect of a more educated workforce on inequality among employers, employees, and the unemployed: The economy-wide labour market and the Lorenz curve.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-20-a.svg</image:loc>
        <image:title>Our model economy
: Consider how the economy described in the left panel, with its initial equilibrium at point X, changes when workers (both employed and unemployed) get more education.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-20-b.svg</image:loc>
        <image:title>Worker productivity rises, shifting up the price-setting curve
: The wage consistent with the price-setting firm’s profit maximizing markup is now higher.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-20-c.svg</image:loc>
        <image:title>Firms enter
: In response to higher profits, production expands, which reduces the unemployment rate. Since this increases the reservation position of employees, it induces firms to set a higher wage. The new labour market equilibrium is at Y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-21-c.svg</image:loc>
        <image:title>The effect of labour market segmentation.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-21-a.svg</image:loc>
        <image:title>A model economy with labour market segmentation
: Forty workers in the secondary labour segment of the market receive just 10% of the economy’s output; the 40 workers in the primary labour market receive half of the output (they are paid five times as much as the secondary workers). The 10 owners receive 40% of the output (they are paid 16 times as much as the secondary workers).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-21-b.svg</image:loc>
        <image:title>Elimination of labour market segmentation
: All 80 workers now receive the same pay, and as a whole receive 60% of the output of the economy. The secondary workers’ wages have risen, while the primary sector workers’ wages have fallen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-22-d.svg</image:loc>
        <image:title>The effect of robots on inequality: polarization of the labour market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-22-a.svg</image:loc>
        <image:title>The Lorenz curve before the introduction of the robots
: The solid blue Lorenz curve shows the distribution of income among the unemployed, employees, and owners. All workers, whether doing routine or non-routine work, earn the same wage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-22-b.svg</image:loc>
        <image:title>The introduction of robots replaces and cheapens routine labour
: After the introduction of robots, 5 more workers—those who were doing routine work that robots now can do—become unemployed. The remaining 55 routine workers now receive just 10% of the economy’s output.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-22-c.svg</image:loc>
        <image:title>The robots make some workers’ labour more valuable
: Thirty of the employees have skills complementary to the machines. They earn higher wages.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-25-d.svg</image:loc>
        <image:title>The ‘world’ as a unified capitalist economy with a segmented labour market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-25-a.svg</image:loc>
        <image:title>The world before China took off
: Much of the hypothetical Chinese economy is initially rural and not directly engaged in the capitalist economy. The Chinese urban labour force—half of the hypothetical world’s total labour force—receives just 20% of the world’s income. The European and North American labour force—half the size of China’s—receives twice as much. The world Gini coefficient is 0.59.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-25-b.svg</image:loc>
        <image:title>China takes off
: The rural sector in China has shrunk to 10%, increasing China’s share of the labour force engaged in the global capitalist economy, which now receives the same share of world income as the European and North American workers (30% each).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-25-c.svg</image:loc>
        <image:title>A new labour-abundant and more equal world with winners and losers
: Red shading shows owners’ share of world output increasing from 30% to 40% while Western workers lose income. But the dashed Lorenz curve and disappearing green-shaded portions show an increased income share for poorer workers. The world Gini falls from 0.59 to 0.545.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-26.svg</image:loc>
        <image:title>Different income concepts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-27.svg</image:loc>
        <image:title>Gini coefficients for market income, disposable income, and final income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-28.svg</image:loc>
        <image:title>Average household market and disposable income of households with primary earners in different age groups.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-29-a.svg</image:loc>
        <image:title>Distribution of taxation and public spending (average pesos per person). Deciles of households ordered by per capita net market income, Mexico 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-29-b.svg</image:loc>
        <image:title>Distribution of taxation and public spending as a share of market income. Deciles of households ordered by per capita net market income, Mexico 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-30-a.svg</image:loc>
        <image:title>The cost of inequality: Inequality and growth in living standards among rich countries.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-30-b.svg</image:loc>
        <image:title>The cost of inequality: Inequality and growth in living standards among catch-up countries.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-30-c.svg</image:loc>
        <image:title>The cost of inequality: Economic disparity and the fraction of workers employed as guards.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-30-d.svg</image:loc>
        <image:title>Inequality and economic performance: High and low performers.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/14.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-14-header.jpg</image:loc>
        <image:title>Tunnel pour tuyaux de chaleur à Copenhague : Bill Ebbesen, https://goo.gl/dYuIr7, sous licence CC BY 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-01.jpg</image:loc>
        <image:title>Fluctuations de la production et taille du secteur public aux États-Unis (1870–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-02-c.jpg</image:loc>
        <image:title>La fonction de consommation agrégée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-02-a.jpg</image:loc>
        <image:title>Consommation autonome
: C’est le montant fixe que les ménages dépenseront et qui ne dépend pas du niveau courant de revenu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-02-b.jpg</image:loc>
        <image:title>La consommation qui dépend du revenu
: La droite croissante reflète la part de la consommation qui dépend du revenu courant (et donc du niveau courant de production).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-03.jpg</image:loc>
        <image:title>Craintes et consommation des ménages aux États-Unis pendant la crise financière (T1 2008–T4 2009)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-04-d.jpg</image:loc>
        <image:title>Équilibre sur le marché des biens : le graphique du multiplicateur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-04-a.jpg</image:loc>
        <image:title>Équilibre sur le marché des biens
: Le point A est appelé un équilibre sur le marché des biens : l’économie continuera à produire à ce niveau de production, à moins que quelque chose ne modifie les comportements en termes de dépense.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-04-b.jpg</image:loc>
        <image:title>La première bissectrice
: La droite à 45 degrés passant par l’origine montre toutes les combinaisons pour lesquelles la production est égale à la demande agrégée, ce qui signifie que l’économie est en situation d’équilibre sur le marché des biens.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-04-c.jpg</image:loc>
        <image:title>Consommation
: La première composante de la demande agrégée est la consommation, qui est représentée par la droite de consommation introduite dans la Figure 14.2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-i.jpg</image:loc>
        <image:title>Le multiplicateur en action : récession causée par l’investissement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-a.jpg</image:loc>
        <image:title>Équilibre du marché des biens
: L’économie commence au point A, à l’équilibre sur le marché des biens.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-b.jpg</image:loc>
        <image:title>Baisse de l’investissement
: La baisse de l’investissement réduit la demande agrégée de 1,5 milliard d’euros, et l’économie se déplace vers le bas, passant du point A au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-c.jpg</image:loc>
        <image:title>Les entreprises réduisent la production et l’emploi
: Avec une demande plus faible, les entreprises réduisent la production et l’emploi. Avec des niveaux de production et d’emploi plus faibles, les revenus baissent de 1,5 milliard d’euros. Il s’agit du mouvement de B vers C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-d.jpg</image:loc>
        <image:title>Une baisse de la consommation
: Une fois que les revenus des ménages baissent, ceux-ci réduisent leur consommation, car ils peuvent être contraints par le crédit. L’équation de consommation nous dit que ce type de comportement mène initialement à une baisse de la consommation agrégée de 0,6 fois la chute du revenu. Il s’agit de la distance entre les points C et D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-e.jpg</image:loc>
        <image:title>Les entreprises réduisent à nouveau la production
: Les entreprises répondent en réduisant la production, le niveau de production chute et l’économie se déplace du point D vers le point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-f.jpg</image:loc>
        <image:title>… et ainsi de suite
: Le processus continuera jusqu’à ce que l’économie atteigne le point Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-g.jpg</image:loc>
        <image:title>La nouvelle droite de demande agrégée
: Elle passe par le point Z et correspond au nouvel équilibre sur le marché des biens de l’économie après le choc sur l’investissement.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-05-h.jpg</image:loc>
        <image:title>La baisse de la production causée par le choc
: La baisse totale de la production excède la taille initiale du déclin de l’investissement ; la production a baissé de 3,75 milliards d’euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-mcq-02.jpg</image:loc>
        <image:title>Le marché des biens agrégé lorsque l’investissement augmente de 2 milliards d’euros.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-06-d.jpg</image:loc>
        <image:title>Demande agrégée pendant la Grande Dépression.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-06-a.jpg</image:loc>
        <image:title>Le pic de 1929
: Le point A montre la situation initiale de l’économie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-06-b.jpg</image:loc>
        <image:title>Une chute de l’investissement
: Cela déplace la courbe de demande agrégée du niveau pré-crise au niveau de crise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-06-c.jpg</image:loc>
        <image:title>Une récession normale
: L’économie se trouverait normalement au point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-h.jpg</image:loc>
        <image:title>Richesse des ménages : concepts-clés.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-a.jpg</image:loc>
        <image:title>Attentes sur les revenus futurs du travail
: Elles sont représentées par le rectangle orange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-b.jpg</image:loc>
        <image:title>Richesse financière
: C’est le rectangle vert.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-c.jpg</image:loc>
        <image:title>La part de la maison détenue par le ménage
: C’est le rectangle bleu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-d.jpg</image:loc>
        <image:title>La richesse au sens large totale du ménage
: C’est la somme des rectangles vert, bleu et orange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-e.jpg</image:loc>
        <image:title>Les ménages ont également des dettes
: Elles sont représentées par le rectangle rouge.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-f.jpg</image:loc>
        <image:title>La richesse nette du ménage
: Également appelée richesse matérielle. Nous la trouvons en prenant le total des actifs (à l’exception des revenus futurs du travail), qui correspond à la valeur de la maison et de la richesse financière, et en retirant les dettes du ménage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-07-g.jpg</image:loc>
        <image:title>La valeur de la maison
: Elle est égale au capital immobilier du ménage, plus le montant de la dette auprès de la banque (hypothèque).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-08-c.jpg</image:loc>
        <image:title>Grande Dépression : les ménages réduisent leur consommation pour conserver leur cible de richesse au sens large.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-08-a.jpg</image:loc>
        <image:title>Avant la Dépression
: Les ménages prennent des décisions de consommation en rapport avec leurs attentes sur leur richesse nette et les gains futurs tirés du travail. Cela est reflété par le fait que la richesse totale est égale à la richesse cible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-08-b.jpg</image:loc>
        <image:title>La Dépression
: Fin 1929, colonne B, la récession était en cours et les croyances avaient changé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-09-e.jpg</image:loc>
        <image:title>Investissement, taux de profit attendu et taux d’intérêt dans une économie avec deux entreprises.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-09-a.jpg</image:loc>
        <image:title>Entreprise A
: L’entreprise A a trois projets d’investissement d’échelles et de taux de profit différents. Ils sont présentés par ordre décroissant de taux de profit attendu.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-09-b.jpg</image:loc>
        <image:title>Entreprise B
: L’entreprise B a aussi trois projets d’investissement différents.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-09-c.jpg</image:loc>
        <image:title>La décision d’investir
: Si le taux d’intérêt reste à 5 %, l’entreprise A lance le projet 1 et l’entreprise B n’investit pas du tout. Mais si le taux d’intérêt était de 2 %, l’entreprise A mettrait en œuvre les projets 1 et 2 et l’entreprise B entreprendrait ses trois projets.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-09-d.jpg</image:loc>
        <image:title>La décision d’investir
: La partie inférieure du graphique agrège les investissements potentiels des deux entreprises, par ordre décroissant du taux de profit attendu, comme précédemment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-a-c.jpg</image:loc>
        <image:title>L’économie agrégée, où le taux de profit attendu augmente pour un ensemble donné de projets (effet d’offre).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-a-a.jpg</image:loc>
        <image:title>Taux d’intérêt à 5 %
: Avec un taux d’intérêt de 5 %, seul un projet serait lancé.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-a-b.jpg</image:loc>
        <image:title>Amélioration des conditions de l’offre
: L’amélioration des conditions de l’offre augmente le taux de profit attendu pour chaque projet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-b-b.jpg</image:loc>
        <image:title>L’économie agrégée, où la capacité de production désirée augmente pour chaque projet (effet de demande).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-b-a.jpg</image:loc>
        <image:title>Taux d’intérêt à 2 %
: Avec un taux d’intérêt de 2 % et la capacité désirée initiale, l’investissement est représenté par les blocs colorés plus sombres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-c-c.jpg</image:loc>
        <image:title>Fonction d’investissement agrégé : effets des taux d’intérêt et des prévisions de profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-c-a.jpg</image:loc>
        <image:title>Projets d’investissement potentiels
: Dans une économie avec plusieurs milliers d’entreprises, tous les projets d’investissement potentiels sont représentés par une fonction d’investissement agrégé dont la pente est décroissante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-10-c-b.jpg</image:loc>
        <image:title>L’investissement augmente
: En réponse à une baisse du taux d’intérêt, l’investissement augmente de C à E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-a-c.jpg</image:loc>
        <image:title>L’expansion budgétaire peut compenser un déclin de la consommation privée.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-a-a.jpg</image:loc>
        <image:title>L’équilibre sur le marché des biens
: L’économie commence en A, à l’équilibre sur le marché des biens, où la demande agrégée (DG) est égale à la production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-a-b.jpg</image:loc>
        <image:title>L’économie entre en récession
: Ceci se produit après une chute de la confiance des consommateurs, qui réduit c0. La droite de demande agrégée se translate vers le bas et l’économie se déplace du point A vers le point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/14-john-maynard-keynes.jpg</image:loc>
        <image:title>Portrait de John Maynard Keynes</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-b-c.jpg</image:loc>
        <image:title>L’austérité budgétaire peut aggraver une récession.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-b-a.jpg</image:loc>
        <image:title>Équilibre sur le marché des biens
: L’économie commence au point A, à l’équilibre sur le marché des biens, où la demande agrégée est égale à la production.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-11-b-b.jpg</image:loc>
        <image:title>L’économie entre en récession
: Ceci a lieu après une chute de la confiance des consommateurs, réduisant c0. La droite de demande globale se déplace vers le bas et l’économie se déplace du point A vers le point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-13.jpg</image:loc>
        <image:title>Utiliser la proximité avec la Mafia pour estimer le multiplicateur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-14.jpg</image:loc>
        <image:title>Utiliser les dépenses du plan de relance liées aux autoroutes pour estimer le multiplicateur.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-15.jpg</image:loc>
        <image:title>La dette publique du Royaume-Uni en pourcentage du PIB (1700–2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-16.jpg</image:loc>
        <image:title>Succès et échecs de la relance budgétaire française (1980–1983)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-17.jpg</image:loc>
        <image:title>L’économie agrégée vue du côté de l’offre : le marché du travail
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-18.jpg</image:loc>
        <image:title>L’offre et la demande dans l’économie agrégée
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-19-c.jpg</image:loc>
        <image:title>Fluctuations du cycle économique autour du chômage d’équilibre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-19-a.jpg</image:loc>
        <image:title>Équilibre sur le marché du travail
: L’économie est initialement en situation d’équilibre sur le marché du travail au point A, avec un taux de chômage de 5 %. Le niveau de demande agrégée est déterminé par la courbe de demande agrégée dénommée « normale ».
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-19-b.jpg</image:loc>
        <image:title>Une expansion
: Imaginez qu’une augmentation de l’investissement fasse se déplacer vers le haut la courbe de demande agrégée à DG (élevée), de sorte que la production et l’emploi augmentent. L’économie est en B : avec l’expansion, le chômage baisse en dessous de 5 %. L’emploi additionnel est appelé emploi cyclique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-14-mcq-10.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-02-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/isaac-newton.jpg</image:loc>
        <image:title>Isaac Newton
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/gottfried-wilhelm-von-leibniz.jpg</image:loc>
        <image:title>Gottfried Wilhelm von Leibniz
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/04.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-04-header.jpg</image:loc>
        <image:title>Les Joueurs de Carte (Card Players): Paul Cézanne, Courtauld Institute of Art</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-01.jpg</image:loc>
        <image:title>Interacciones sociales en el juego de la mano invisible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-a.jpg</image:loc>
        <image:title>Los pagos en el juego de la mano invisible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-g.jpg</image:loc>
        <image:title>La matriz de pagos en el juego de la mano invisible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-a.jpg</image:loc>
        <image:title>Encontrar las mejores respuestas
: Comience con el jugador de fila (Anil) y pregunte: «¿Cuál sería su mejor respuesta a que el jugador de las columnas (Bala) juegue apostando por el arroz?»
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-b.jpg</image:loc>
        <image:title>La mejor respuesta de Anil si Bala cultiva arroz
: Si Bala escoge arroz, la mejor respuesta de Anil es escoger mandioca, que le ofrece 4, en lugar de 1. Coloque un punto en la celda inferior izquierda. Un punto en una celda significa que esta es la mejor respuesta del jugador de las filas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-c.jpg</image:loc>
        <image:title>La mejor respuesta de Anil si Bala cultiva mandioca
: Si Bala escoge mandioca, la mejor respuesta de Anil es escoger mandioca también, que le proporciona en un pago de 3, en lugar de 2. Ubique un punto en la celda inferior derecha.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-d.jpg</image:loc>
        <image:title>Anil tiene una estrategia dominante
: Ambos puntos están en la fila inferior. Sin importar la elección de Bala, la mejor respuesta de Anil es escoger la mandioca. Cultivar mandioca es una estrategia dominante para Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-e.jpg</image:loc>
        <image:title>Ahora, encuentre las mejores respuestas del jugador de las columnas
: Si Anil escoge arroz, la mejor respuesta de Bala es escoger arroz (obtendrá 3 en lugar de 2). Los círculos representan las mejores respuestas del jugador de las columnas. Ubique un círculo en la celda superior izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-02-b-f.jpg</image:loc>
        <image:title>Bala también tiene una estrategia dominante
: Si Anil escoge mandioca, la mejor respuesta de Bala es, de nuevo, escoger arroz (él gana 4 en lugar de 3). Coloque un círculo en la celda inferior izquierda. El arroz es la estrategia dominante de Bala (ambos círculos están en la misma columna).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-03-a.jpg</image:loc>
        <image:title>Interacciones sociales en el juego de control de plagas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-03-b.jpg</image:loc>
        <image:title>Matriz de pagos para el juego de control de plagas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-04.jpg</image:loc>
        <image:title>Dilema del prisionero (los pagos son años en la cárcel).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-S0qjK3TWZE8.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-mcq-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-e.jpg</image:loc>
        <image:title>La manera en que Anil escoja distribuir sus ganancias de la lotería dependerá de lo egoísta o altruista que sea.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-a.jpg</image:loc>
        <image:title>Pagos factibles
: Cada punto (x, y) en la figura representa una combinación de cantidades de dinero para Anil (x) y Bala (y), en miles de rupias. El triángulo sombreado representa las elecciones factibles para Anil.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-b.jpg</image:loc>
        <image:title>Curvas de indiferencia cuando Anil es egoísta
: Si a Anil no le importa lo que obtenga Bala, sus curvas de indiferencia son líneas rectas verticales. Le es indiferente si Bala obtiene mucho o nada. Eso sí, él prefiere curvas más a la derecha, ya que le generan más ganancias.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-c.jpg</image:loc>
        <image:title>La mejor opción de Anil
: Dado su conjunto factible, la mejor opción de Anil es A, donde él se queda con todo el dinero.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-05-d.jpg</image:loc>
        <image:title>¿Y si Anil se preocupa por Bala?
: Pero Anil podría preocuparse por su vecino Bala. En tal caso, sería más feliz si Bala fuera más rico; es decir, Anil deriva utilidad del consumo de Bala. Para esta situación, tiene curvas de indiferencia con pendiente descendente.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-06-c.jpg</image:loc>
        <image:title>La decisión de Anil sobre usar CPI (I) o Exterminador (T) como su estrategia de administración de cultivo depende de si es completamente egoísta o algo altruista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-06-a.jpg</image:loc>
        <image:title>Los pagos de Anil y Bala
: Los dos ejes de la figura representan los pagos de Anil y Bala. Los cuatro puntos son los resultados factibles asociados a las estrategias.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-06-b.jpg</image:loc>
        <image:title>Curvas de indiferencia de Anil cuando no se preocupa por Bala
: Si a Anil no le importa el bienestar de Bala, sus curvas de indiferencia son verticales, así (T, I) es su resultado preferido. Anil prefiere (T, I) a (I, I), así que debería escoger T si Bala escoge I. Si Anil es completamente egoísta, T es indudablemente su mejor opción.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-07.jpg</image:loc>
        <image:title>Los pagos de Kim en el juego de los bienes públicos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/04-elinor-ostrom.jpg</image:loc>
        <image:title>Elinor Ostrom</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-09-a.jpg</image:loc>
        <image:title>Experimentos de bienes públicos a nivel mundial: aportes a lo largo de 10 periodos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-09-b.jpg</image:loc>
        <image:title>Experimentos de bienes públicos a nivel mundial con oportunidades de castigo entre pares.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/youtube-BqEOGDX766Q.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-10.jpg</image:loc>
        <image:title>Número promedio de padres que llegan tarde a la semana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-11.jpg</image:loc>
        <image:title>Árbol de decisión del juego del ultimátum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-12.jpg</image:loc>
        <image:title>Ofertas aceptables en el juego del ultimátum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-13-d.jpg</image:loc>
        <image:title>Ofertas reales y rechazos esperados en el juego del ultimátum.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-13-a.jpg</image:loc>
        <image:title>¿Qué muestran las barras?
: La altura completa de cada barra en la figura indica el porcentaje de proponentes estadounidenses y kenianos que hicieron la oferta mostrada en el eje horizontal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-13-b.jpg</image:loc>
        <image:title>Lectura la figura
: Por ejemplo: para los agricultores kenianos, el 50% en el eje vertical y el 40% en el eje horizontal significan que la mitad de los proponentes kenianos hicieron una oferta del 40%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-13-c.jpg</image:loc>
        <image:title>El área coloreada en oscuro muestra los rechazos
: Si los agricultores kenianos hicieran una oferta del 30%, casi la mitad de los receptores la rechazarían. (La parte oscura de la barra es casi tan grande como la clara).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-14.jpg</image:loc>
        <image:title>Fracción de ofertas rechazadas en el juego de ultimátum, según el tamaño de la oferta y el número de receptores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-15-e.jpg</image:loc>
        <image:title>Un problema de división del trabajo con más de un equilibrio de Nash
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-15-a.jpg</image:loc>
        <image:title>La mejor respuesta de Anil a la estrategia Arroz
: Si Bala va a escoger Arroz, la mejor respuesta de Anil es escoger Mandioca. Colocamos un punto en la celda inferior izquierda.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-15-b.jpg</image:loc>
        <image:title>La mejor respuesta de Anil a Mandioca
: Si Bala va a escoger Mandioca, la mejor respuesta de Anil es escoger Arroz. Coloque un punto en la celda superior derecha. Fíjese que Anil no tiene una estrategia dominante.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-15-c.jpg</image:loc>
        <image:title>Las mejores respuestas de Bala
: Si Anil escoge Arroz, la mejor respuesta de Bala es escoger Mandioca, pero si Anil escogiera Mandioca, entonces él escogería Arroz. Los círculos muestran las mejores respuestas de Bala. Vemos que no tiene una estrategia dominante tampoco.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-15-d.jpg</image:loc>
        <image:title>(Mandioca, Arroz) es un equilibrio de Nash
: Si Anil escoge Mandioca y Bala escoge Arroz, ambos están jugando optando por sus mejores respuestas (el punto y el círculo coinciden). Así pues, estamos ante un equilibrio de Nash.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/04-john-nash.jpg</image:loc>
        <image:title>John Nash</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-16-a.jpg</image:loc>
        <image:title>Interacciones en la elección de lenguaje de programación
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-16-b.jpg</image:loc>
        <image:title>Pagos (miles de dólares para completar el proyecto) según el lenguaje de programación seleccionado.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-mcq-12.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-17-a.jpg</image:loc>
        <image:title>Política de cambio climático como un dilema del prisionero (arriba). Pagos para una política de cambio climático como un dilema del prisionero (abajo a la izquierda), y pagos con aversión a la desigualdad y reciprocidad (abajo a la derecha).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-17-b.jpg</image:loc>
        <image:title>Política de cambio climático como un dilema del prisionero (arriba). Pagos para una política de cambio climático como un dilema del prisionero (abajo a la izquierda), y pagos con aversión a la desigualdad y reciprocidad (abajo a la derecha).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-04-17-c.jpg</image:loc>
        <image:title>Política de cambio climático como un dilema del prisionero (arriba). Pagos para una política de cambio climático como un dilema del prisionero (abajo a la izquierda), y pagos con aversión a la desigualdad y reciprocidad (abajo a la derecha).
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/0-4-preface.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/preface-camila-cea.jpg</image:loc>
        <image:title>Camila Cea
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-19-12.svg</image:loc>
        <image:title>Word cloud emphasizing inequality
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/leibniz-06-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-06-04-c.svg</image:loc>
        <image:title>Maria’s best response function.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/20.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-20-header.jpg</image:loc>
        <image:title>Earth rise as seen from lunar surface: NASA</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-01.jpg</image:loc>
        <image:title>Raaka-aineiden maailmanmarkkinahinnat, 1960–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-02.jpg</image:loc>
        <image:title>Bluenose oli Grand Banksin kuuluisin kalastuskuunari.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-03.jpg</image:loc>
        <image:title>Pohjois-Atlantin Grand Banksin turskasaaliit, 1851–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-04.jpg</image:loc>
        <image:title>Vahvistava takaisinkytkentä: Amazonian metsäkato.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-11-07.jpg</image:loc>
        <image:title>Kysymyksessä 20.1 palaamme kuvioon 11.7, joka esitti öljyn maailmanmarkkinahintaa ja maailman öljynkulutusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-06.jpg</image:loc>
        <image:title>Ilmakehän hiilidioksidipitoisuus ja maapallon lämpötila, 1750–2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-07.jpg</image:loc>
        <image:title>Kylpyammemalli ilmakehän hiilidioksidivarannosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-08.jpg</image:loc>
        <image:title>Fossiilisten polttoaineiden reservin ja kokonaisresurssin sisältämä hiilidioksidi verrattuna maapallon ilmakehän tilavuuteen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-09.jpg</image:loc>
        <image:title>Kasvihuonekaasupäästöjä vähentävien politiikkakeinojen kustannukset verrattuna nykyiseen toimintatapaan, kertymä vuoteen 2030.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-10.jpg</image:loc>
        <image:title>Päästövähennysten pienimmän kustannuksen kuvaaja: kokonaismenojen ja saavutetun päästövähennyksen yhteys.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-11.jpg</image:loc>
        <image:title>Päästövähennysten pienimmän kustannuksen kuvaaja: kokonaiskustannus ja päästövähennysmäärä puntarissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-12.jpg</image:loc>
        <image:title>Päästövähennysten kustannuskäyrä: kalleimmat keinot ensin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-13-b.jpg</image:loc>
        <image:title>Kulutusmahdollisuudet ja ympäristön tila.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-13-a.jpg</image:loc>
        <image:title>Ei päästövähennyspolitiikkaa
: Jos päästövähennyskustannukset ovat nolla, taloudessa voidaan kuluttaa hyödykkeitä 500 miljardin euron arvosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-14-b.jpg</image:loc>
        <image:title>Ihannepoliitikon päästövähennyspäätös.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-14-a.jpg</image:loc>
        <image:title>Päästövähennyksiin osoitetaan 50 miljardia euroa
: Poliitikko tavoittelee pisteen X mukaista ympäristönsuojelun tasoa, jolla saavutetaan ympäristön tila E*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-f.jpg</image:loc>
        <image:title>Eturistiriitoja: palkat ja päästövähennykset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-a.jpg</image:loc>
        <image:title>Jäämisehto on tyypillisen kaupunkilaisen reservaatiosamahyötykäyrä
: Reservaatiosamahyötykäyrä kuvaa palkan ja ympäristön tilan yhdistelmiä, joiden toteutuessa kaupunkilainen kallistuu nipin napin Koivulassa pysymisen puoleen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-b.jpg</image:loc>
        <image:title>Yrityksen jatkamisehto
: Yrityksen jatkamisehto kuvaa palkan ja ympäristön tilan yhdistelmiä, joiden toteutuessa yritys päättäisi nipin napin jatkaa toimintaansa Koivulassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-c.jpg</image:loc>
        <image:title>Mahdottomat vaihtoehdot
: Yrityksen jatkamisehdon yläpuolelle ja kaupunkilaisten jäämisehdon alapuolelle jäävät alueet ovat mahdottomia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-d.jpg</image:loc>
        <image:title>Kaupunkilaisilla voimaa: piste B
: Kuvitellaan, että kaupunkilaiset pystyvät asettamaan omat palkkansa ja määräämään ympäristön tilasta säännöillä, joiden noudattamista voi valvoa. He asettavat palkaksi W* ja määräävät ympäristön tilaksi Emax. Yhdistelmä toteuttaa yrityksen jatkamisehdon.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-15-e.jpg</image:loc>
        <image:title>Yrityksen uhkavaatimus: piste A
: Jos taas yritys pystyy esittämään ota tai jätä -uhkavaatimuksen, se minimoi kustannuksensa niin, ettei työvoima kuitenkaan karkaa kaupungista. Ympäristön tila on Emin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-f.jpg</image:loc>
        <image:title>Päästökauppa: päästöoikeuksien osto ja myynti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-a.jpg</image:loc>
        <image:title>Yrityksen A päästövähennysten yksityinen rajakustannus
: Yrityksen A päästövähennysten yksityistä rajakustannusta (englanniksi marginal private cost of abatement, MPCA) kuvaa punainen suora. Sen arvo luetaan tavalliseen tapaan vasemmalta pystyakselilta. Suora nousee vähennyskustannusten kasvaessa. Yritys A valmistaa tuotteensa suhteellisen vähäpäästöisellä teknologialla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-b.jpg</image:loc>
        <image:title>Yrityksen B päästövähennysten yksityinen rajakustannus
: Yrityksen B päästövähennysten yksityistä rajakustannusta kuvaa sininen suora. Sen arvo luetaan oikeanpuoleiselta pystyakselilta. Suora alkaa oikeasta alakulmasta ja nousee yrityksen vähentäessä päästöjä lisää. Yrityksen B teknologia tuottaa paljon päästöjä, minkä vuoksi päästövähennysten rajakustannus on suurempi kuin yrityksellä A.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-c.jpg</image:loc>
        <image:title>Päästöoikeuksien tasajako
: Päästöoikeudet jaetaan aluksi tasan yritysten kesken.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-d.jpg</image:loc>
        <image:title>Päästöoikeuksien tasajako ja kaupankäynnin hyödyt
: Päästövähennysten yksityinen rajakustannus on yritykselle B korkeampi. Sen kannattaa päästöjen vähentämisen sijaan ostaa yritykseltä A päästöoikeuksia, jos se saa ne oman rajakustannuksensa alittavaan hintaan. Päästöoikeudet luovat mahdollisuuden hyötyä kaupankäynnistä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-16-e.jpg</image:loc>
        <image:title>Miten paljon päästöoikeuksia kaupataan?
: Miten paljon päästöoikeuksia yritykset ostavat ja myyvät keskenään? Niin kauan kuin päästövähennysten rajakustannus on yritykselle B suurempi kuin yritykselle A, molemmat hyötyvät siitä, että A myy ja B ostaa päästöoikeuksia. Jos markkinat ovat kilpailulliset, kaupankäynnin voi odottaa jatkuvan, kunnes päästövähennyksen yksityinen rajakustannus on molemmille sama.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-17.jpg</image:loc>
        <image:title>Päästöoikeuden hinta Euroopan unionin päästökauppajärjestelmässä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-18.jpg</image:loc>
        <image:title>Päästövähennysteknologian muutos.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-19-a.jpg</image:loc>
        <image:title>Aurinkokennoilla tuotetun sähkön kustannukset Yhdysvalloissa (uusi kapasiteetti), 1976–2009.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-19-b.jpg</image:loc>
        <image:title>Sähköntuotannon kustannukset energianlähteittäin Yhdysvalloissa (uusi kapasiteetti), 2008–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-20-d.jpg</image:loc>
        <image:title>Olympia-Tekstiilin teknologiapäätös: ympäristöveron vaikutus yrityksen toimintaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-20-a.jpg</image:loc>
        <image:title>Teknologiat A ja B
: Kummallakin teknologialla voi tuottaa 100 metriä kangasta. A on hiilivaltainen teknologia ja B aurinkovaltainen. Uusi teknologia B toimii miltei pelkällä aurinkovoimalla. Hiiltä tarvitaan vain hieman niinä vuodenaikoina, joina aurinkovoiman tuotanto on epävarmaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-20-b.jpg</image:loc>
        <image:title>Yrityksen samakustannussuora
: Samakustannussuora sisältää kaikki mahdolliset aurinko- ja hiilivoiman yhdistelmät, joilla voi tuottaa sata metriä kangasta tietyin kustannuksin. Samakustannussuoralla HJ yritykset valitsevat teknologian A, koska B on kalliimpi (se sijaitsee suoran HJ ulkopuolella). Samakustannussuora on loiva, mikä tarkoittaa, että hiili on halpaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-20-c.jpg</image:loc>
        <image:title>Fossiiliset polttoaineet verolle
: Valtio määrää veron jokaista hiilellä tuotettua kilowattituntia kohti. Yritys saisi kahdeksan aurinkopaneelia samaan hintaan kuin neljä tonnia hiiltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-21-e.jpg</image:loc>
        <image:title>Omarin lomapäätös: ympäristöveron vaikutus valintaan lentomatkustuksen ja vapaa-ajan välillä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-21-a.jpg</image:loc>
        <image:title>Mahdollisuuksien raja
: Menetetyn vapaa-ajan ja lentomatkustuksen rajamuunnossuhde on mahdollisuuksien rajan kulmakerroin. Jos Omar uhraa yhden tunnin vapaa-aikaa, hän voi tehdä tunnin lisää töitä ja ansaita 50 euroa enemmän. Eurolla saa neljä lentokilometriä, joten rajamuunnossuhde on 200. Yhdestä vapaa-ajan tunnista luopumalla voi ostaa 200 kilometrin lentomatkan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-21-b.jpg</image:loc>
        <image:title>Ylin mahdollinen samahyötykäyrä
: Omar pääsee ylimmälle mahdolliselle samahyötykäyrälle pisteessä A. Tässä pisteessä hän tekee 200 tuntia lisää töitä, jolloin hän saa 6 760 tuntia vapaa-aikaa ja 40 000 lentokilometriä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-21-c.jpg</image:loc>
        <image:title>Matkustamisen yksityinen kustannus
: Lentomatkustuksen yksityinen kustannus Omarille on 0,25 euroa kilometriltä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-21-d.jpg</image:loc>
        <image:title>Polttoainevero
: Lentopolttoaineille asetetaan vero, joka nostaa lentomatkustuksen hintaa. Yhdellä eurolla saa enää kaksi lentokilometriä. Vero ohjaa lentoyhtiöitä ja kuluttajia huomioimaan lentämisen haitalliset ympäristövaikutukset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-mcq-11.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-22.jpg</image:loc>
        <image:title>Arktinen merijää, 1935–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-22-b.jpg</image:loc>
        <image:title>Arktinen merijää, 1935–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-22-c.jpg</image:loc>
        <image:title>Arktinen merijää, 1935–2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-23.jpg</image:loc>
        <image:title>Ympäristödynamiikkakuvaaja ja ympäristön keikahduspiste.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-24-c.jpg</image:loc>
        <image:title>Ilmastonmuutos: arktinen merijää sulaa peruuttamattomasti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-24-a.jpg</image:loc>
        <image:title>Alkutilanteen vakaassa tasapainossa jääpeite on laaja
: Alkutilanteessa ympäristö on tasapainopisteessä B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-24-b.jpg</image:loc>
        <image:title>Ilmaston lämpeneminen laskee ympäristödynamiikkakuvaajaa
: Ilmaston lämpeneminen tarkoittaa, että jääpeite pienenee vuosi vuodelta. Ympäristödynamiikkakuvaaja siirtyy alaspäin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Rikkaissa maissa hiilidioksidipäästöt ovat suuremmat …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-25-b.jpg</image:loc>
        <image:title>… mutta paikallisympäristön tila on parempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-26.jpg</image:loc>
        <image:title>Kasvihuonekaasupäästöjen vähentämiskäyrä: päästövähennykset vuoteen 2030 mennessä verrattuna nykytilanteeseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-27-c.jpg</image:loc>
        <image:title>Kulutus vai ympäristö: vääjäämätön vaihtokauppa?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-27-a.jpg</image:loc>
        <image:title>Käyttämätön päästövähennyspotentiaali
: Kuvaamme käyttämätöntä päästövähennyspotentiaalia mahdollisuuksien rajan mallillamme.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-20-27-b.jpg</image:loc>
        <image:title>Kaikki voittavat
: Pisteestä C pisteeseen D siirryttäessä ympäristön tila kohenee tasolle E. Kulutus kasvaa, koska muun muassa valaistuksen kustannukset laskevat.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-22-02-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-22-06.jpg</image:loc>
        <image:title>El dictador elige un nivel de impuestos que maximice el total de sus rentas políticas.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-07-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-12-a-a.jpg</image:loc>
        <image:title>Calculer la recette marginale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-06-01-02.jpg</image:loc>
        <image:title>Recette marginale et coût marginal.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-07-05-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-07-11.jpg</image:loc>
        <image:title>Le choix de prix et de quantité maximisant les profits de Beautiful Cars.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-05-04-02.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-05-04-02-01.jpg</image:loc>
        <image:title>Le choix d’Angela de temps libre et de céréales quand elle est une fermière indépendante.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-06-06-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-06-04-c.jpg</image:loc>
        <image:title>Función de mejor respuesta de María.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/it/text/10.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/unit-10-header.jpg</image:loc>
        <image:title>Codice QR su un banco di mercato: Reuters/Alamy Stock Photo/Shailesh Andrade</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-01.jpg</image:loc>
        <image:title>Ricchezza, reddito, deprezzamento e consumo: l’analogia con la vasca da bagno.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-h.jpg</image:loc>
        <image:title>Prendere a prestito: il tasso di interesse e l’insieme possibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-a.jpg</image:loc>
        <image:title>Giulia non ha denaro
: Giulia non ha denaro oggi, ma in futuro disporrà di 100 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-b.jpg</image:loc>
        <image:title>Trasferire reddito dal futuro al presente
: Giulia potrebbe prendere 91 € in prestito oggi e restituire 100 € in futuro, con un tasso di interesse del 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-c.jpg</image:loc>
        <image:title>Prendere a prestito meno denaro …
: Allo stesso tasso del 10%, può prendere in prestito 70 € oggi e restituire 77 €, tenendo a disposizione 23 € da spendere in futuro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-d.jpg</image:loc>
        <image:title>… o ancora meno denaro
: Sempre allo stesso tasso, potrebbe prendere in prestito 30 € oggi e restituire 33 €; le resterebbero 67 € da spendere in futuro.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-e.jpg</image:loc>
        <image:title>La frontiera possibile
: Giulia può scegliere qualsiasi combinazione sulla frontiera dell’insieme possibile (la frontiera possibile) corrispondente ad un tasso di interesse del 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-f.jpg</image:loc>
        <image:title>Muoversi lungo la frontiera possibile
: Prendendo a prestito una somma maggiore o minore, è possibile muoversi lungo la frontiera possibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-02-g.jpg</image:loc>
        <image:title>Un tasso di interesse più elevato
: Se il tasso è del 78%, Giulia può prendere in prestito fino a 56 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-a-e.jpg</image:loc>
        <image:title>Rendimenti marginali del consumo decrescenti: distribuire il consumo nel tempo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-a-a.jpg</image:loc>
        <image:title>La frontiera possibile di Giulia
: La retta tratteggiata indica le combinazioni di consumo presente e futuro tra le quali Giulia può scegliere.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-a-b.jpg</image:loc>
        <image:title>Rendimenti marginali del consumo decrescenti
: Come conseguenza dei rendimenti decrescenti, la curva di indifferenza è convessa verso l’origine; la sua pendenza è determinata dal saggio marginale di sostituzione (SMS) tra il consumo presente e quello futuro in ciascun punto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-a-c.jpg</image:loc>
        <image:title>Qual è la scelta di Giulia?
: Il SMS nel punto C è elevato: Giulia consuma troppo poco e desidera anticipare parte del consumo futuro. Invece, il SMS nel punto E è basso, ovvero Giulia preferisce posticipare parte del consumo attuale nel futuro. La soluzione di equilibrio si trova dunque fra E e C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-a-d.jpg</image:loc>
        <image:title>Il SMS diminuisce
: Muovendosi lungo la curva di indifferenza da C a E il SMS si riduce.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-03-b.jpg</image:loc>
        <image:title>Pura impazienza.
: Pura impazienza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-f.jpg</image:loc>
        <image:title>Anticipare i consumi prendendo a prestito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-a.jpg</image:loc>
        <image:title>La frontiera di Giulia
: Giulia desidera raggiungere la curva di indifferenza più in alto, ma è limitata dalla frontiera possibile.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-b.jpg</image:loc>
        <image:title>La scelta preferita da Giulia
: La curva di indifferenza più alta che Giulia può raggiungere è quella tangente alla frontiera. Il punto di tangenza è il punto E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-c.jpg</image:loc>
        <image:title>SMS e SMT
: In corrispondenza del punto di tangenza si ha SMS = SMT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-d.jpg</image:loc>
        <image:title>Prendere in prestito
: Nel punto F il tasso di sconto  è maggiore del tasso di interesse , quindi sarà conveniente anticipare una quantità maggiore di consumo. Ciò vale per tutti i punti sulla frontiera a sinistra di E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-04-e.jpg</image:loc>
        <image:title>Un aumento del tasso di interesse
: Se il tasso di interesse aumenta, l’insieme delle combinazioni possibili di consumo presente e futuro si restringe.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-05.jpg</image:loc>
        <image:title>Curve di indifferenza di riserva e dotazioni iniziali.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-f.jpg</image:loc>
        <image:title>Distribuire i livelli di consumo nel tempo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-a.jpg</image:loc>
        <image:title>La ricchezza di Marco
: Marco dispone oggi di 100 € di grano.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-b.jpg</image:loc>
        <image:title>L’insieme possibile di Marco
: L’area scura rappresenta l’insieme della possibilità in caso di conservazione delle merci in magazzino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-c.jpg</image:loc>
        <image:title>Le preferenze di Marco
: La curva di indifferenza di riserva passa per il punto della dotazione iniziale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-d.jpg</image:loc>
        <image:title>Quanto conviene immagazzinare
: Il punto H mostra la quantità di merci che Marco decide di conservare in magazzino.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-06-e.jpg</image:loc>
        <image:title>Se Marco concede un prestito
: L’area più chiara mostra l’insieme possibile nel caso in cui Marco conceda un prestito al tasso del 10%.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-07-c.jpg</image:loc>
        <image:title>Investimento in un progetto ad elevato rendimento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-07-a.jpg</image:loc>
        <image:title>Il rendimento di un investimento
: Investendo tutto quello che ha, Marco ottiene 150 € di grano nel periodo successivo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-07-b.jpg</image:loc>
        <image:title>Il rendimento dell’investimento
: La pendenza della retta rossa è –1,5; il cui valore assoluto (1,5) è uno più il tasso di rendimento dell’investimento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-08-c.jpg</image:loc>
        <image:title>Prendere denaro in prestito per investire in progetti ad alto rendimento.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-08-a.jpg</image:loc>
        <image:title>La decisione ottima
: La scelta ottima in caso di investimento è rappresentata dal punto K.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-08-b.jpg</image:loc>
        <image:title>Marco ottiene credito
: Attraverso il credito al tasso del 10%, Marco può investire tutto ciò di cui dispone, espandendo l’insieme delle possibilità.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-10.jpg</image:loc>
        <image:title>Le opzioni a confronto e le relative frontiere possibili.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-11.jpg</image:loc>
        <image:title>Lo stato patrimoniale.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-mcq-07.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-14.jpg</image:loc>
        <image:title>Banche, banca centrale, prestiti e risparmiatori.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-18-e.jpg</image:loc>
        <image:title>Tassi di interesse e spesa per consumi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-18-a.jpg</image:loc>
        <image:title>Giulia riceverà 100 € tra un anno.
: Al momento non dispone di alcuna ricchezza.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-18-b.jpg</image:loc>
        <image:title>Se il tasso di interesse è del 78%
: Al tasso del 78% applicato dai prestatori di denaro, Giulia prende in prestito 35 € per i suoi consumi (punto G).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-18-c.jpg</image:loc>
        <image:title>Se il tasso di interesse è più basso
: Con un tasso del 10%, prenderebbe in prestito 58 € (punto E).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-18-d.jpg</image:loc>
        <image:title>Al ridursi del tasso di interesse
: Il grafico di destra mostra il livello di consumo oggi in corrispondenza di diversi livelli del tasso di interesse, con i punti G ed E assocati agli stessi punti nel grafico di sinistra.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-mcq-10.jpg</image:loc>
        <image:title>Curve di indifferenza di Julia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/youtube-0jddkoUl-5o.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-20.jpg</image:loc>
        <image:title>Ricchezza, qualità del progetto e credito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-21-c.jpg</image:loc>
        <image:title>Disuguaglianza in un’economia di creditori e debitori: l’indice di Gini passa da 0,57 a 0,70 in seguito all’esclusione dal credito.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-21-a.jpg</image:loc>
        <image:title>Un’economia di creditori e debitori
: Se l’economia si compone di 90 agricoltori e 10 creditori, quando  = 0,10 e  = 0,15 la quota di reddito totale ottenuta dai creditori è di 2/3.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/it/images/web/figura-10-21-b.jpg</image:loc>
        <image:title>Esclusione dal credito
: Ipotizziamo che 40 contadini siano esclusi dal credito e quindi non percepiscano reddito.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/19.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-19-header.jpg</image:loc>
        <image:title>Brazilian favela: © Tuca Vieira</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-disposable-income.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-01.jpg</image:loc>
        <image:title>Varallisuuden, työtulojen ja käytettävissä olevien tulojen erot 2000-luvulla: Yhdysvallat, Ruotsi ja Japani.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-02.jpg</image:loc>
        <image:title>Rikkaimman prosentin osuus kokonaisvarallisuudesta 1740–2011.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-03.jpg</image:loc>
        <image:title>Suurituloisimman prosentin osuus kokonaistuloista vuosina 1913–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-04.jpg</image:loc>
        <image:title>Suurituloisimman prosentin tulo-osuuden lasku Japanissa ja eräissä Euroopan maissa, 1900–2013.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-ouhJrEcrCzQ.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-05-c.jpg</image:loc>
        <image:title>Globaalit ja maiden väliset tuloerot, 1952–2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-05-a.jpg</image:loc>
        <image:title>Maailman kaikkien ihmisten tuloerot supistuivat vuosina 1986–2013
: Sininen käyrä kuvaa maailman kaikkien yksilöiden tuloeroja. Se on käytännössä koko maailman Gini-kerroin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-05-b.jpg</image:loc>
        <image:title>Hypoteettinen eriarvoisuus maiden välillä laskee…
: Punainen käyrä esittää maiden tuloeroja vuosina 1952–2015. Se on laskettu olettamalla, että kaikilla saman maan asukkailla on yhtä suuret tulot (keskitulot). 1980-luvulla tuloerot alkoivat nopeasti laskea.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-06-b.jpg</image:loc>
        <image:title>Yhdysvaltain keskiluokan supistuminen, 2014–2024: ammatit, joissa työllisten määrään ennustetaan vähintään 10 000 työntekijän muutosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-06-a.jpg</image:loc>
        <image:title>Työpaikkojen arvioitu lisäys Yhdysvalloissa
: Kuviossa 19.6 työpaikat on järjestetty ylhäältä alaspäin suurimmasta tuntipalkasta pienimpään. Vaaka-akseli mittaa työllisten määrän kasvua tai supistumista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-07.jpg</image:loc>
        <image:title>Keskiluokan katoaminen Yhdysvalloissa, 2014–2024: uusia työpaikkoja syntyy eniten palkkajakauman ylimpään ja alimpaan viidennekseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-08.jpg</image:loc>
        <image:title>Ryhmäsidonnainen eriarvoisuus: miesten ja naisten koulutus ja elinikäiset työtulot Yhdysvalloissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-09.jpg</image:loc>
        <image:title>Ryhmäsidonnainen eriarvoisuus: tyttöjen keskimääräinen opiskeluaika poikiin verrattuna, 1970–2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-10.jpg</image:loc>
        <image:title>Ylisukupolviset työtuloerot: Yhdysvallat ja Tanska.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-11.jpg</image:loc>
        <image:title>Ylisukupolviset ja poikkileikkaustiedoista lasketut tuloerot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-12.jpg</image:loc>
        <image:title>Eriarvoisuus on opiskelijoiden mielestä taloustieteen tärkeimpiä tutkimuskohteita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-13.jpg</image:loc>
        <image:title>Varallisuuden ihanteellinen, arvioitu ja todellinen jakautuminen Yhdysvalloissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-14.jpg</image:loc>
        <image:title>Köyhiä suosivien tulonsiirtojen kannatus ja käsitykset taloudellisen menestyksen ehdoista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-g.jpg</image:loc>
        <image:title>Valinta mahdollisten tulojakaumien välillä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-a.jpg</image:loc>
        <image:title>Rikkaiden ja köyhien tasa-arvo
: Pisteessä T rikkailla ja köyhillä on samat tulot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-b.jpg</image:loc>
        <image:title>Rawlsilainen ihanne
: Rawlsin oikeudenmukaisuusteorian mukainen ihannepiste on R, jossa köyhät ovat mahdollisimman rikkaita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-c.jpg</image:loc>
        <image:title>Mahdollisuuksien joukko
: Pisteiden R ja T kautta kulkeva punainen käyrä on tämän talouden mahdollisten tulojakaumien joukko. Sen kulmakerroin on rajamuunnossuhde MRT.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-d.jpg</image:loc>
        <image:title>Suurimmat odotetut tulot
: Jos haluat maksimoida odotetut tulosi, valitset pisteen A. Tässä pisteessä rikkaiden tulonlisäys on yhtä suuri kuin köyhien tulonmenetys. Rajamuunnossuhde on yksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-e.jpg</image:loc>
        <image:title>Rikas mies jos oisin…
: Jos saisit kolikon kääntymään rikkaiden puolelle etkä piittaisi reiluudesta, valitsisit pisteen F.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-15-f.jpg</image:loc>
        <image:title>Köyhien huonoin vaihtoehto
: Pisteessä D köyhien tulot ovat pienimmillään. Se ei ole Pareto-tehokas, ei myöskään piste T.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-16.jpg</image:loc>
        <image:title>Teknologian, instituutioiden, lähtökohtien ja taloudellisen eriarvoisuuden syy-seuraussuhteet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-18.jpg</image:loc>
        <image:title>Taloudellinen eriarvoisuus ajan oloon. Punainen nuoli osoittaa, miten taloudellinen eriarvoisuus vaikuttaa tuleviin teknologioihin, instituutioihin, politiikkaan ja lähtökohtien eroihin.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-19-e.jpg</image:loc>
        <image:title>Luottomarkkinat ja työmarkkinat muovaavat lähtökohdiltaan erilaisten ryhmien suhteita.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-19-a.jpg</image:loc>
        <image:title>Esimerkkitalous
: Kuvittele talous, jossa on varakkaita yksilöitä sekä työntekijöitä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-19-b.jpg</image:loc>
        <image:title>Luottomarkkinoilta syrjäytetyt
: Vailla varallisuutta (vakuutta) olevat tai vähävaraiset syrjäytetään luottomarkkinoilta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-19-c.jpg</image:loc>
        <image:title>Varakkaat yksilöt ja menestyneet lainanottajat
: Varakkaat voivat ostaa investointihyödykkeitä ja ryhtyä työnantajiksi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-19-d.jpg</image:loc>
        <image:title>Varattomien vaihtoehdot
: Varattomat ovat työntekijöitä tai työttömiä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-20-d.jpg</image:loc>
        <image:title>Työmarkkinat ja Lorenz-käyrä: työntekijöiden lisäkoulutuksen vaikutus tuloeroihin työnantajien, työntekijöiden ja työttömien joukossa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-20-a.jpg</image:loc>
        <image:title>Esimerkkitaloutemme
: Vasemmanpuoleisessa kuvaajassa talouden alkuperäinen tasapainopiste on X. Tilanne muuttuu, kun sekä työlliset että työttömät työntekijät saavat lisäkoulutusta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-20-b.jpg</image:loc>
        <image:title>Työntekijöiden tuottavuus paranee, hinnanasetantakäyrä siirtyy ylöspäin
: Hinnanasettajayrityksen voiton maksimoivaa voittomarginaalia vastaava palkka on nyt suurempi.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-20-c.jpg</image:loc>
        <image:title>Lisää yrityksiä
: Voittojen noustessa tuotanto laajenee, mikä vähentää työttömyysastetta. Koska tämä parantaa työntekijöiden reservaatio-optiota, se saa yritykset nostamaan palkkaa. Uusi työmarkkinatasapaino on pisteessä Y.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-21-c.jpg</image:loc>
        <image:title>Työmarkkinoiden lohkoutuminen ja tuloerot.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-21-a.jpg</image:loc>
        <image:title>Esimerkkitalous, jossa on lohkoutuneet työmarkkinat
: Toissijaisten työntekijämarkkinoiden 40 työntekijää saavat vain kymmenen prosenttia talouden tuotannosta. Ensisijaisten työmarkkinoiden 40 työntekijää saavat puolet tuotannosta; heille maksetaan viisi kertaa enemmän kuin toissijaisten työmarkkinoiden työntekijöille. Kymmenen omistajaa saavat 40 prosenttia tuotannosta; heille maksetaan 16 kertaa enemmän kuin toissijaisten markkinoiden työntekijöille.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-21-b.jpg</image:loc>
        <image:title>Eroon lohkoutumisesta
: Kaikki 80 työntekijää saavat nyt saman palkan. He saavat yhteensä 60 prosenttia talouden tuotannosta. Toissijaisten markkinoiden työntekijöiden palkka on noussut ja ensisijaisten markkinoiden työntekijöiden palkka laskenut.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-22-d.jpg</image:loc>
        <image:title>Robotit ja tuloerot: työmarkkinoiden polarisaatio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-22-a.jpg</image:loc>
        <image:title>Lorenz-käyrä ennen robottien käyttöönottoa
: Kiinteä sininen Lorenz-käyrä kuvaa tulonjakoa viiden työnantajan, 90 työntekijän ja viiden työttömän kesken. Kaikki työntekijät työtehtävistä riippumatta saavat samaa palkkaa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-22-b.jpg</image:loc>
        <image:title>Robottien tulo korvaa rutiinitehtävät ja tekee niistä halvempia
: Robottien käyttöönoton jälkeen työttömiksi jää viisi työntekijää lisää: ne, jotka tekivät roboteille siirrettyä työtä. Muut 55 rutiinityötä tekevää saavat enää kymmenen prosenttia talouden tuotannosta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-22-c.jpg</image:loc>
        <image:title>Robotit tekevät joidenkin työntekijöiden työstä arvokkaampaa
: Työntekijöistä 30:llä on koneita täydentäviä taitoja. Heidän palkkansa nousee.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-99ZTpN5R3mk.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-25-d.jpg</image:loc>
        <image:title>Maailma yhtenäisenä kapitalistisena taloutena, jonka työmarkkinat ovat lohkoutuneet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-25-a.jpg</image:loc>
        <image:title>Maailma ennen Kiinan kasvua
: Kuvitteellisesta Kiina-taloudesta suuri osa on alkuun maatalousmaista eikä osallistu suoraan kapitalistiseen talouteen. Kiinan kaupungeissa asuva työvoima – puolet koko kuvitteellisen maailman työvoimasta – saa vain 20 prosenttia maailman tuloista. Euroopan ja Pohjois-Amerikan työvoima – puolet Kiinan työvoimasta – saa kaksi kertaa niin paljon. Maailman Gini-kerroin on 0,59.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-25-b.jpg</image:loc>
        <image:title>Kiina lähtee kasvuun
: Kiinan maataloussektori on supistunut kymmeneen prosenttiin. Globaaliin kapitalistiseen talouteen osallistuva työvoima saa nyt Kiinassa 30 prosenttia eli saman osuuden maailman tuloista kuin Euroopan ja Pohjois-Amerikan työntekijät.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-25-c.jpg</image:loc>
        <image:title>Työvoimavaltaisempi ja tasa-arvoisempi maailma voittajineen ja häviäjineen
: Punaisella merkitty ala kuvaa sitä, että omistajien osuus maailman tuotannosta on noussut 30 prosentista 40 prosenttiin, kun taas länsimaisten työntekijöiden osuus pienenee. Katkoviivalla piirretty Lorenz-käyrä ja vihreän alan katoaminen osoittavat, että köyhien työntekijöiden osuus tuloista kasvaa. Maailman Gini-kerroin laskee arvosta 0,59 arvoon 0,545.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-26.jpg</image:loc>
        <image:title>Eri tulokäsitteet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-27.jpg</image:loc>
        <image:title>Markkinatulojen, käytettävissä olevien tulojen ja lopullisten tulojen Gini-kertoimet.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-28.jpg</image:loc>
        <image:title>Kotitalouksien keskimääräiset markkinatulot ja käytettävissä olevat tulot ensisijaisten tulonsaajien eri ikäryhmissä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-29-a.jpg</image:loc>
        <image:title>Meksikon verojen ja julkisten menojen jakauma keskimäärin henkeä kohti. Kotitaloudet järjestetty desiiliryhmiin henkeä kohti laskettujen nettomarkkinatulojen mukaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-29-b.jpg</image:loc>
        <image:title>Meksikon verojen ja julkisten menojen jakauma osuutena markkinatuloista. Kotitaloudet järjestetty desiiliryhmiin henkeä kohti laskettujen nettomarkkinatulojen mukaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>Eriarvoisuuden kustannukset: tuloerot ja elintason kasvu rikkaissa maissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-30-b.jpg</image:loc>
        <image:title>Eriarvoisuuden kustannukset: tuloerot ja elintason kasvu kiinniottomaissa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-30-c.jpg</image:loc>
        <image:title>Eriarvoisuuden kustannukset: tuloerot ja vartijoina työskentelevien osuus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-19-30-d.jpg</image:loc>
        <image:title>Tuloerot ja taloudellinen menestys: hyvin menestyneet ja huonosti menestyneet.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-06-g.jpg</image:loc>
        <image:title>Représentation des préférences d’Alexei.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/unit-01-header.jpg</image:loc>
        <image:title>Shinjuku, Tokyo nightlife: Kevin Poh, https://goo.gl/kgS4Zi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-a.jpg</image:loc>
        <image:title>Historian lätkämaila: asukasta kohti laskettu bruttokansantuote kuudessa eri maassa (1000–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-KMHaT_WUF54.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-f.jpg</image:loc>
        <image:title>Maailman tulojen jakautuminen vuonna 2014
: Maailman maat nousevassa järjestyksessä asukasta kohti lasketun bruttokansantuotteen mukaan. Pylvään korkeus vastaa desiiliryhmän keskituloa. Etummaisena on köyhin kymmenen prosenttia väestöstä, taaimmaisena rikkain kymmenen prosenttia. Pylvään leveys kuvaa väkilukua.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-a.jpg</image:loc>
        <image:title>Tulojakauman ääripäät
: Maailman rikkain maa on Singapore kuvion oikeassa reunassa. Siellä rikkaimman kymmeneksen keskitulot ovat 67 436 dollaria ja köyhimmän kymmeneksen 3 652 dollaria. Vasemmassa reunassa on Liberia, jossa rikkaimman kymmeneksen keskitulot ovat 994 dollaria ja köyhimmän 17 dollaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-b.jpg</image:loc>
        <image:title>Jakauman huipulla
: Kaaviossa takaoikealla kohoavat korkeat pylväät kuvaavat eräiden rikkaiden maiden väestön rikkainta kymmentä prosenttia.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-c.jpg</image:loc>
        <image:title>Maailman tulojen jakautuminen vuonna 1980
: Vuonna 1980 maat asettuivat bruttokansantuotteen mukaan toisenlaiseen järjestykseen. Maailman köyhimmät maat olivat Lesotho ja Kiina (tummanpunaisella), rikkaimmat Sveitsi, Suomi ja Yhdysvallat (vihreällä). Korkeimmat pylväät eivät yltäneet nykyisiin korkeuksiin, koska rikkaimpien keskitulot eivät poikenneet yhtä paljon muiden tuloista.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-d.jpg</image:loc>
        <image:title>Maailman tulojen jakautuminen vuonna 1990
: Kuvion väreistä voi huomata, että eräiden maiden sijoitus muuttui vuosina 1980–1990. Tummanpunaisena näkyvä Kiina on rikastunut. Myös Uganda erottuu punaisena jakauman puolivälin keltaisesta ryhmästä. Korkeimmat pylväät ovat venyneet, koska tuloerot kasvoivat monissa maissa 1980-luvun mittaan.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-02-e.jpg</image:loc>
        <image:title>Maailman tulojen jakautuminen vuonna 2014
: Vuoden 2014 jakaumassa moni maa on vaihtanut paikkaa. Kiinassa tulot ovat kasvaneet nopeasti vuodesta 1990 lähtien. Vuoden 1980 rikkaimmat maat (tummanvihreällä) pysyttelevät silti huipun tuntumassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/hockey-stick.jpg</image:loc>
        <image:title>A hockey stick is mostly straight, with a sharp upwards curve towards the end.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-f.jpg</image:loc>
        <image:title>Historian lätkämaila
: Kulttuurit muuttuivat ja tiede kehittyi monilla seuduilla läpi kuviossa esitetyn ajanjakson, mutta vasta 1700-luvulla elintaso alkoi nousta pysyvästi. Kuvaaja muistuttaa jääkiekkomailaa. Huomio kiinnittyy ”varren” ja ”lavan” väliseen jyrkkään käänteeseen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-a.jpg</image:loc>
        <image:title>Ennen vuotta 1800 havainnot ovat harvassa
: Bruttokansantuotteesta asukasta kohti on niukasti tietoja ennen vuotta 1800. Siksi havainnot ovat harvassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-b.jpg</image:loc>
        <image:title>Pisteistä käyräksi
: Jokaisen maan havainnot on nyt yhdistetty toisiinsa piirtämällä suora viiva pisteestä seuraavaan. Elintason vuotuinen vaihtelu näkyy vasta vuoden 1800 jälkeen.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-c.jpg</image:loc>
        <image:title>Iso-Britannia
: Lätkämailan taitekohta ei erotu yhtä jyrkkänä kuin muiden maiden käyrissä, koska kasvu alkoi jo vuoden 1650 tienoilla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-d.jpg</image:loc>
        <image:title>Japani
: Taitekohta erottuu selvemmin kuin Ison-Britannian käyrässä, noin vuoden 1870 kohdalla.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-01-b-e.jpg</image:loc>
        <image:title>Kiina ja Intia
: Käyrien taitekohta osuu 1900-luvun jälkipuoliskolle. Intian asukasta kohti laskettu bruttokansantuote itse asiassa laski Ison-Britannian siirtomaavallan aikana. Laskua havaitaan samaan aikaan myös Kiinassa, jonka politiikkaa ja taloutta Euroopan maat ohjailivat tiukasti.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/01-adam-smith.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-03.jpg</image:loc>
        <image:title>Lumentuntia/työtunti 100 000 vuoden takaa nykypäivään.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-04.jpg</image:loc>
        <image:title>Tiedonkulun nopeus vuosina 1000–1865.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-05.jpg</image:loc>
        <image:title>Talous on osa yhteiskuntaa ja yhteiskunta osa biosfääriä.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-06-a.jpg</image:loc>
        <image:title>Ilmakehän hiilidioksidipitoisuus vuosina 1010–2010 ja fossiilisten polttoaineiden hiilidioksidipäästöt koko maailmassa vuosina 1750–2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-06-b.jpg</image:loc>
        <image:title>Pohjoisen pallonpuoliskon lämpötila vuosina 1000–2006.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-07.jpg</image:loc>
        <image:title>Kapitalismi-sanan esiintyminen The New York Timesin artikkeleissa (1851–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-08.jpg</image:loc>
        <image:title>Kapitalismi: yksityisomistus, markkinat ja yritykset.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-10.jpg</image:loc>
        <image:title>Länsi-Saksan bruttokansantuote kasvoi vuosina 1950–1989 nopeammin kuin Itä-Saksassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-11.jpg</image:loc>
        <image:title>Vuosien 1928 ja 2015 välillä bruttokansantuote kasvoi Etelä-Koreassa paljon enemmän kuin Argentiinassa, Venäjällä (entisessä Neuvostoliitossa), Brasiliassa, Botswanassa ja Nigeriassa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-01-12.jpg</image:loc>
        <image:title>Kotitalouksien ja yritysten talous edellyttää tervettä biosfääriä ja vakaata luonnonympäristöä.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-01-header.jpg</image:loc>
        <image:title>Shinjuku, Tokyo nightlife: Kevin Poh, https://goo.gl/kgS4Zi, licensed under CC BY 2.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-a.svg</image:loc>
        <image:title>History’s hockey stick
: In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in US dollars and ranges from 0 to 30,000. GDP per capita for Britain, Japan, Italy, China, and India are shown. GDP per capita was below 2500 dollars for all countries until the 18th century. In Britain, GDP per capita took off during the 18th century, and increased to 25,000 dollars in 2015. In the rest of the countries, it took off between the 19th and 20th centuries, reaching in 2015 approximately 22,500 dollars in Japan, 17,500 dollars in Italy, 12,000 dollars in China and 5,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-KMHaT_WUF54.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-c.svg</image:loc>
        <image:title>World income distribution in 2014
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows the income distribution of the bottom and top income deciles of all countries of the world, ordered from poorer to richer ones by GDP. The countries labelled on the chart are, from poorer to richer: India, Nigeria, Indonesia, China, Botswana, Brazil, UK, Japan, US, Norway.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-d.svg</image:loc>
        <image:title>World income distribution in 2014
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows the income distribution of the bottom and top income deciles of all countries of the world, ordered from poorer to richer ones by GDP. The countries labelled on the chart are, from poorer to richer: India, Nigeria, Indonesia, China, Botswana, Brazil, UK, Japan, US, Norway.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-e.svg</image:loc>
        <image:title>World income distribution in 2014
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows the income distribution of the bottom and top income deciles of all countries of the world, ordered from poorer to richer ones by GDP. The countries labelled on the chart are, from poorer to richer: India, Nigeria, Indonesia, China, Botswana, Brazil, UK, Japan, US, Norway.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-a.svg</image:loc>
        <image:title>The richest and poorest
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows the income distributions of Liberia, which is the poorest country, and Singapore, which is the richest country. Average incomes in Liberia are much lower than in Singapore.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-b.svg</image:loc>
        <image:title>Skyscrapers
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows average annual income of the top income decile for the richest countries in 2014.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-02-f.svg</image:loc>
        <image:title>Inequality within countries has risen
: This is a 3-dimensional bar chart with three axes. A first axis lists countries from poorer to richer ones by GDP per capita in 2014. A second axis shows annual income in 2005 purchasing power parity dollars, and ranges from 0 to 80,000. A third axis shows the ten deciles of the income distribution of the population. The bar chart shows the income distribution of the bottom and top income deciles of all countries of the world, ordered from poorer to richer ones by GDP. The countries labelled on the chart are, from poorer to richer: India, Nigeria, Indonesia, China, Botswana, Brazil, UK, Japan, US, Norway.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/hockey-stick.jpg</image:loc>
        <image:title>A hockey stick is mostly straight, with a sharp upwards curve towards the end.</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-f.svg</image:loc>
        <image:title>History’s hockey stick
: In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-a.svg</image:loc>
        <image:title>Before 1800 we have fewer data points
: In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-b.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-c.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-d.svg</image:loc>
        <image:title>Japan
: In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-01-b-e.svg</image:loc>
        <image:title>China and India
: In this line chart, the horizontal axis shows years from 1000 to 2015. The vertical axis shows GDP per capita in 1990 purchasing power parity dollars. It is in ratio scale, so GDP per capita doubles in each consecutive step of the vertical axis, and ranges between 250 and 32,000. GDP per capita trends are presented for Britain, Japan, Italy, China and India. GDP per capita is relatively stable until the second half of the 17th century. After then, it increases dramatically. During the second half of the 17th century, GDP per capita was approximately 1,700 dollars in Britain and Italy, and 700 dollars in Japan, China, and India. By 2015, it was approximately 22,000 dollars in Britan, Japan, and Italy, 12,000 dollars in China, and 4,000 dollars in India.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/01-adam-smith.jpg</image:loc>
        <image:title>Adam Smith</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-03.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows how many years ago the measure refers to, ranging from 100,000 years ago to the present day. The vertical axis shows the productivity of labour in producing light in lumen-hours per hour of labour, and ranges from 10 to 10,000,000 in ratio scale, so each step on the scale is 10 times the previous step. The productivity of labour is flat and just higher than 10 lumen-hours until 1850 approximately. Between 1850 and 2000 it increases dramatically up to 10,000,000 lumen-hours.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-04.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1000 to 1900. The vertical axis shows the speed of news in miles per hour, and ranges from 0 to 12. The chart shows that the speed of news travelling between Egypt and Italy between 50 and 222, or travelling between Venice and Damascus, Alexandria, Lisbon and Palermo in 1500 was approximately 1 mile per hour until 1800. In 1805, the news of the battle of Trafalgar travelled from Spain to London at 2.7 miles per hour. In 1857, the news of the Indian mutiny travelled from Delhi to London at 3.7 miles per hour. In 1860, the news of Lincoln’s election travelled from Washington DC to the US west coast at 7 miles per hour. In 1865, the news of Lincoln’s assassination travelled across the US at 12 miles per hour.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-05.svg</image:loc>
        <image:title>This diagram shows that the economy is a part of society, which is in turn a part of the biosphere, which is in turn part of the physical environment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-06-a.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1000 to 2010. The vertical axis shows two measures: atmospheric CO2 in parts per millions, which ranges from 200 to 400; and carbon emissions in millions of metric tonnes, which range from 0 to 10,000. The chart shows that atmospheric CO2 was approximately 275 parts per million until 1800, and increased to almost 400 parts per million by the year 2010. The series for carbon emissions starts at 0 approximately in 1750. From 1850, carbon emissions increased to almost 10,000 million metric tonnes by the year 2010.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-06-b.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1000 to 2006. The vertical axis shows the deviation from the 1961-1990 mean temperature, in degrees Celsius. The series shows that the deviations in temperature ranged between 0 and minus 0.6 degrees Celsius between 1000 and the second half of the 20th century. Afterwards, the deviation in temperature consistently increased over time to 0.6 degrees Celsius in 2006.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-07.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1851 to 2015. The vertical axis shows the fraction of New York Times articles mentioning the word capitalism, and ranges from 0 to 0.016. The series presents numerous peaks and troughs throughout time. Overall, on average, the fraction of articles mentioning the word capitalism steadily increased from 0.002 in 1851 to 0.015 in 2015.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-08.svg</image:loc>
        <image:title>This diagram shows how private property, markets, and firms are related to one other in a capitalist economic system: firms are parts of markets, which in turn are part of an economic system with private property.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-10.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1950 to 1989. The vertical axis displays GDP per capita in 1990 US dollars. It is in ratio scale, so each step on the scale is twice the previous step, and ranges from 1,500 to 24,000 US dollars. GDP per capita for West Germany, Japan, Spain and East Germany are shown. GDP per capita increases over time for all countries. West and East Germany’s GDP increases at roughly the same rate, but West Germany’s GDP is at a higher level than East Germany’s. Japan’s and Spain’s GDP is below that of West and East Germany in 1950, but increases at a faster rate, so Japan and Spain’s GDP reaches the same level of East Germany’s GDP in the early 1960s, and approaches that of West Germany by 1989.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-11.svg</image:loc>
        <image:title>In this line chart, the horizontal axis shows years from 1928 to 2015. The vertical axis shows living standards in GDP per capita (dollars), and ranges from 0 to 25,000. GDP per capita in South Korea, Argentina, the Russian Federation (after 1992), the Former Soviet Union (excluding the Russian Federation after 1992), Brazil, Botswana, and Nigeria are shown. South Korea’s GDP per capita is a few hundred dollars until 1960. Afterwards, it increases exponentially up to 25,000 dollars in 2015, showing that South Korea’s GDP per capita experienced hockey stick growth. GDP per capita in all other countries ranges between a few hundred dollars to 10,000 dollars between 1928 and 2015, and on average increases steadily with time. Overall, the GDP per capita in 2015 ranks in the following order (from the richer country): South Korea, Argentina, the Russian Federation, the Former Soviet Union (in 2010), Brazil, Nigeria and Botswana.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/youtube-z2hj_zfrG6g.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-01-12.svg</image:loc>
        <image:title>The economy of households and firms depends on a healthy biosphere and stable physical environment.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/08.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-08-header.jpg</image:loc>
        <image:title>Marché aux légumes, Da Lat, Vietnam : Hoxuanhuong/Dreamstime.com, https://goo.gl/mjvVuc</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-01.jpg</image:loc>
        <image:title>Courbe de demande de marché pour les manuels
: Courbe de demande de marché pour les manuels
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-02-d.jpg</image:loc>
        <image:title>Courbe d’offre pour les livres
: Courbe d’offre pour les livres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-02-a.jpg</image:loc>
        <image:title>Prix de réserve
: Le premier vendeur a un prix de réserve de 2 $ et vendra son livre contre n’importe quelle somme supérieure ou égale à ce prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-02-b.jpg</image:loc>
        <image:title>Le 20e vendeur
: Le 20e vendeur acceptera 7 $…
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-02-c.jpg</image:loc>
        <image:title>Le 40e vendeur
: … tandis que le prix de réserve du 40e vendeur est 12 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/08-alfred-marshall.jpg</image:loc>
        <image:title>Alfred Marshall</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-03-d.jpg</image:loc>
        <image:title>Équilibre sur le marché des manuels d’occasion
: Équilibre sur le marché des manuels d’occasion.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-03-a.jpg</image:loc>
        <image:title>Offre et demande
: Nous trouvons l’équilibre en traçant les courbes d’offre et de demande sur le même graphique.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-03-b.jpg</image:loc>
        <image:title>Prix d’équilibre de marché
: Au prix P* = 8 $, la quantité fournie est égale à la quantité demandée : Q* = 24. Le marché est à l’équilibre. Nous disons que le marché s’équilibre à un prix de 8 $.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-03-c.jpg</image:loc>
        <image:title>Prix supérieur au prix d’équilibre
: À un prix supérieur à 8 $, davantage d’étudiants souhaiteraient vendre, mais ils ne pourraient pas tous trouver d’acheteurs. Il y aurait une offre excédentaire, donc ces vendeurs seraient contraints de diminuer leur prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-mcq-02.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-04.jpg</image:loc>
        <image:title>La courbe de demande associée au marché du pain
: La courbe de demande associée au marché du pain
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-05-d.jpg</image:loc>
        <image:title>Prix et quantité maximisant le profit d’une boulangerie
: Prix et quantité maximisant le profit d’une boulangerie.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-05-a.jpg</image:loc>
        <image:title>Courbes de coût marginal et d’isoprofit
: La boulangerie a une courbe Cm ascendante. Sur la courbe CM, le niveau de profit est nul. Quand Cm &gt; CM, la courbe CM est ascendante. Les autres courbes d’isoprofit représentent des niveaux de profit plus élevés et la courbe Cm passe par les points les plus bas de toutes les courbes d’isoprofit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-05-b.jpg</image:loc>
        <image:title>Absence d’influence sur le prix
: La boulangerie est preneuse de prix. Le prix de marché est P* = 2,35 €. Si vous choisissez un prix plus élevé, les clients se tourneront vers d’autres boulangeries. Votre ensemble des possibles pour les prix et quantités est l’aire située sous la droite horizontale d’ordonnée P*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-05-c.jpg</image:loc>
        <image:title>Prix maximisant le profit
: Le point situé dans l’ensemble des possibles et maximisant le profit est le point A, où la courbe d’isoprofit de 80 € est tangente à l’ensemble des possibles. Vous devriez produire 120 miches de pain par jour, et les vendre au prix de marché, soit 2,35 € pièce. Vous réaliseriez alors un profit de 80 € par jour, en plus des profits normaux.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-06-d.jpg</image:loc>
        <image:title>Courbe d’offre de l’entreprise
: Courbe d’offre de l’entreprise.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-06-a.jpg</image:loc>
        <image:title>Un changement de prix
: Quand le prix de marché est de 2,35 €, vous fournissez 120 miches de pain. Que feriez-vous si le prix venait à changer ?
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-06-b.jpg</image:loc>
        <image:title>Si le prix augmente
: Si P* augmentait, passant à 3,20 €, vous pourriez atteindre une courbe d’isoprofit plus haute. Afin de maximiser vos profits, vous devriez produire 163 miches de pain par jour.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-07-d.jpg</image:loc>
        <image:title>Courbes d’offre de l’entreprise et du marché
: Courbes d’offre de l’entreprise et du marché.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-07-a.jpg</image:loc>
        <image:title>Courbe d’offre de l’entreprise
: Il y a 50 boulangeries, qui ont toutes les mêmes fonctions de coût. Si le prix de marché est de 2,35 €, chaque boulangerie produit 120 miches de pain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-07-b.jpg</image:loc>
        <image:title>Courbe d’offre de marché
: Lorsque P = 2,35 €, chaque boulangerie met sur le marché 120 miches de pain, et l’offre de marché est 50 × 120 = 6 000 miches de pain.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-07-c.jpg</image:loc>
        <image:title>Les courbes d’offre de l’entreprise et du marché se ressemblent
: Pour un prix de 1,52 €, chaque boulangerie met sur le marché 66 miches de pain, et l’offre de marché est 3 300. La courbe d’offre de marché ressemble à la courbe d’offre de l’entreprise, mais l’échelle sur l’axe des abscisses n’est pas la même.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-08.jpg</image:loc>
        <image:title>Équilibre sur le marché du pain
: Équilibre sur le marché du pain
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-mcq-04.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-a-d.jpg</image:loc>
        <image:title>Équilibre sur le marché du pain : gains à l’échange
: Équilibre sur le marché du pain : gains à l’échange.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-a-a.jpg</image:loc>
        <image:title>Surplus du consommateur
: Au prix d’équilibre de 2 € sur le marché du pain, un consommateur prêt à payer 3,50 € obtient un surplus de 1,50 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-a-b.jpg</image:loc>
        <image:title>Surplus total des consommateurs
: La zone colorée au-dessus de 2 € correspond au surplus total des consommateurs – la somme de tous les gains issus de l’échange des consommateurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-a-c.jpg</image:loc>
        <image:title>Surplus du producteur
: Souvenez-vous de l’Unité 7, où nous avions vu que le surplus du producteur associé à la production d’une unité est la différence entre le prix de vente de cette unité et le coût marginal associé à sa production. Le coût marginal de la 2 000e miche de pain est de 1,25 € ; puisqu’elle est vendue à 2 €, le producteur obtient un surplus de 0,75 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-09-b.jpg</image:loc>
        <image:title>Perte sèche
: Perte sèche
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-exercise-03.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-10-a.jpg</image:loc>
        <image:title>Production de quinoa
: Production de quinoa
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-10-b.jpg</image:loc>
        <image:title>Prix du quinoa au producteur
: Prix du quinoa au producteur
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-10-c.jpg</image:loc>
        <image:title>Importations mondiales de quinoa
: Importations mondiales de quinoa
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-11-d.jpg</image:loc>
        <image:title>Augmentation de la demande de livres.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-11-a.jpg</image:loc>
        <image:title>Point d’équilibre initial
: Aux niveaux initiaux d’offre et de demande, l’équilibre est en A. Le prix est de 8 $, 24 livres sont vendus.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-11-b.jpg</image:loc>
        <image:title>Augmentation de la demande
: Si une année le nombre d’étudiants inscrits venait à augmenter, il y aurait davantage d’étudiants souhaitant acheter le livre pour chaque niveau de prix possible. La courbe de demande se déplace donc vers la droite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-11-c.jpg</image:loc>
        <image:title>Demande excédentaire lorsque le prix est de 8 $
: Si le prix restait à 8 $, il y aurait une demande de livres excédentaire : il y aurait plus d’acheteurs que de vendeurs.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-e.jpg</image:loc>
        <image:title>Augmentation de l’offre de pain : baisse du Cm
: Augmentation de l’offre de pain : baisse du Cm.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-a.jpg</image:loc>
        <image:title>Point d’équilibre initial
: Les boulangeries de la ville démarrent au point A, avec une production de 5 000 miches, vendues au prix unitaire de 2 €.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-b.jpg</image:loc>
        <image:title>Diminution des coûts marginaux
: La courbe d’offre de marché se déplace ensuite en raison de la diminution des coûts marginaux des boulangeries. Elle se déplace vers le bas, car à chaque niveau de production, le coût marginal (et donc le prix auquel elles sont prêtes à fournir du pain) est plus faible.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-c.jpg</image:loc>
        <image:title>Augmentation de l’offre
: La courbe d’offre s’est déplacée vers le bas. Une autre manière de voir ce changement est de dire que la courbe d’offre s’est déplacée vers la droite. Comme les coûts ont baissé, la quantité mise sur le marché par les boulangeries pour chaque niveau de prix sera plus élevée – ce qui revient à une augmentation de l’offre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-12-d.jpg</image:loc>
        <image:title>Offre excédentaire lorsque le prix reste 2 €
: L’effet de la baisse du coût marginal est une augmentation de l’offre sur le marché. Au prix d’origine, il y a plus de pain que ce que les acheteurs veulent acheter (offre excédentaire). Les boulangeries seront enclines à baisser leurs prix.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-13.jpg</image:loc>
        <image:title>Augmentation de l’offre de pain : plus d’entreprises entrent sur le marché
: Augmentation de l’offre de pain : plus d’entreprises entrent sur le marché
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-14-d.jpg</image:loc>
        <image:title>Effets d’un impôt sur le sel de 30 %
: Effets d’un impôt sur le sel de 30 %.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-14-a.jpg</image:loc>
        <image:title>Équilibre initial
: Initialement, l’équilibre de marché se trouve au point A. Le prix est de P* et la quantité de sel vendue est Q*.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-14-b.jpg</image:loc>
        <image:title>Impôt de 30 %
: Un impôt de 30 % est imposé aux producteurs de sel. Leurs coûts marginaux s’en trouvent augmentés de 30 % quelle que soit la quantité produite. La courbe d’offre se déplace.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-14-c.jpg</image:loc>
        <image:title>Nouvel équilibre
: Le nouvel équilibre se trouve en B. Le prix payé par les consommateurs a augmenté pour atteindre P1 et la quantité a baissé à Q1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-15-a.jpg</image:loc>
        <image:title>Fiscalité et perte sèche
: Fiscalité et perte sèche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-15-d.jpg</image:loc>
        <image:title>Fiscalité et perte sèche
: Fiscalité et perte sèche.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-15-b.jpg</image:loc>
        <image:title>Un impôt réduit le surplus du consommateur
: L’impôt réduit la quantité échangée à Q1 et augmente le prix payé par les consommateurs, de P* à P1. Le surplus du consommateur diminue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-15-c.jpg</image:loc>
        <image:title>Un impôt réduit le surplus du producteur
: Les producteurs vendent un quantité plus faible et le prix qu’ils reçoivent diminue de P* à P0. Le surplus du producteur diminue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-16-c.jpg</image:loc>
        <image:title>Effet sur le marché de détail du beurre d’une taxe sur les matières grasses
: Effet sur le marché de détail du beurre d’une taxe sur les matières grasses.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-16-a.jpg</image:loc>
        <image:title>Équilibre sur le marché du beurre
: Initialement, le marché du beurre est à l’équilibre. Le prix du beurre est de 45 DKK/kg et la consommation de beurre au Danemark est de 2 kg par personne et par an.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-16-b.jpg</image:loc>
        <image:title>Effet d’une taxe
: Une taxe de 10 DKK/kg imposée aux producteurs augmente leurs coûts marginaux de 10 DKK, quelle que soit la quantité produite. La courbe d’offre se déplace vers le haut de 10 DKK.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-17.jpg</image:loc>
        <image:title>Effet d’une taxe sur les matières grasses sur les surplus du consommateur et du producteur de beurre
: Effet d’une taxe sur les matières grasses sur les surplus du consommateur et du producteur de beurre
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/08-leon-walras.jpg</image:loc>
        <image:title>Léon Walras</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-f.jpg</image:loc>
        <image:title>Le marché des Choccos et des barres chocolatées
: Le marché des Choccos et des barres chocolatées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-a.jpg</image:loc>
        <image:title>Marché des Choccos
: Le panel de gauche représente le marché des Choccos, produites par une seule entreprise. Il existe de nombreux substituts proches, sur le marché plus large des barres chocolatées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-b.jpg</image:loc>
        <image:title>Courbe de demande des Choccos
: En raison de la concurrence des barres chocolatées similaires, la courbe de demande des Choccos est presque plate. La gamme des prix possibles est étroite.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-c.jpg</image:loc>
        <image:title>Prix des Choccos
: L’entreprise choisit un prix P* similaire à ses concurrents, et une quantité telle que Cm soit proche de P*. Quel que soit le prix proposé par ses concurrents, elle produit au voisinage de sa courbe de coût marginal. La courbe Cm de l’entreprise correspond donc approximativement à sa courbe d’offre.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-d.jpg</image:loc>
        <image:title>Courbe d’offre de marché des barres chocolatées
: Nous pouvons construire la courbe d’offre de marché des barres chocolatées sur le panel de droite, en additionnant les quantités indiquées par les courbes de coût marginal de tous les producteurs de barres chocolatées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-08-18-e.jpg</image:loc>
        <image:title>Courbe de demande de marché des barres chocolatées
: Si la plupart des consommateurs n’ont pas de préférences fortes pour le produit d’une entreprise particulière, nous pouvons dessiner la courbe de demande de marché des barres chocolatées.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-5hJF8zNJg5I.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/text/14.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/unit-14-header.jpg</image:loc>
        <image:title>Heatpipe tunnel Copenhagen: Bill Ebbesen, https://goo.gl/dYuIr7, licensed under CC BY 3.0</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-01.svg</image:loc>
        <image:title>Fluctuations in output and the size of government in the US (1870–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-02-c.svg</image:loc>
        <image:title>The aggregate consumption function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-02-a.svg</image:loc>
        <image:title>Autonomous consumption
: This is the fixed amount that households will spend that does not depend on their current level of income.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-02-b.svg</image:loc>
        <image:title>Consumption that depends on income
: The upward-sloping line denotes the part of consumption that depends on current income (and hence on current output).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-03.svg</image:loc>
        <image:title>Fear and household consumption in the US during the global financial crisis (2008 Q1–2009 Q4).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-04-d.svg</image:loc>
        <image:title>Goods market equilibrium: The multiplier diagram.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-04-a.svg</image:loc>
        <image:title>Goods market equilibrium
: Point A is called a goods market equilibrium: the economy will continue producing at that output level unless something changes spending behaviour.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-04-b.svg</image:loc>
        <image:title>The 45-degree line
: The 45-degree line from the origin of the diagram shows all the combinations in which output is equal to aggregate demand, meaning the economy is in goods market equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-04-c.svg</image:loc>
        <image:title>Consumption
: The first component of aggregate demand is consumption, which is represented by the consumption line introduced in Figure 14.2.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-i.svg</image:loc>
        <image:title>The multiplier in action: An investment-led recession.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-a.svg</image:loc>
        <image:title>Goods market equilibrium
: The economy starts at point A, in goods market equilibrium.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-b.svg</image:loc>
        <image:title>A fall in investment
: The fall in investment cuts aggregate demand by €1.5 billion, and the economy moves vertically downward from point A to point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-c.svg</image:loc>
        <image:title>Firms cut back
: With demand lower, firms cut back production and reduce employment. With output and employment lower, incomes fall by €1.5 billion. This is the move from B to C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-d.svg</image:loc>
        <image:title>A fall in consumption
: Once households’ incomes fall, they reduce their consumption, because they may be credit-constrained. The consumption equation tells us that this kind of behaviour initially leads to a fall in aggregate consumption of 0.6 times the fall in income. This is the distance from point C to point D.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-e.svg</image:loc>
        <image:title>Firms cut back again
: Firms respond by cutting production, output falls, and the economy moves from point D to point E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-f.svg</image:loc>
        <image:title>… and so on
: The process will go on until the economy reaches point Z.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-g.svg</image:loc>
        <image:title>The new aggregate demand line
: This goes through point Z and shows the new goods market equilibrium of the economy following the investment shock.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-05-h.svg</image:loc>
        <image:title>The fall in output as a result of the shock
: The total fall in output exceeds the initial size of the decline in investment; output has fallen by €3.75 billion.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-mcq-02.svg</image:loc>
        <image:title>The aggregate goods market when there is a €2 billion increase in investment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-06-d.svg</image:loc>
        <image:title>Aggregate demand in the Great Depression
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-06-a.svg</image:loc>
        <image:title>The 1929 peak
: Point A shows the initial situation of the economy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-06-b.svg</image:loc>
        <image:title>A fall in investment
: This shifts the aggregate demand curve from the pre-crisis to the crisis level.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-06-c.svg</image:loc>
        <image:title>A normal recession
: The economy would normally be at point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-h.svg</image:loc>
        <image:title>Household wealth: Key concepts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-a.svg</image:loc>
        <image:title>Expected future earnings from employment
: These are represented by the orange rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-b.svg</image:loc>
        <image:title>Financial wealth
: This is the green rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-c.svg</image:loc>
        <image:title>The household’s ownership stake in the house
: This is the blue rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-d.svg</image:loc>
        <image:title>The household’s total broad wealth
: This is the sum of the green, blue, and orange rectangles.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-e.svg</image:loc>
        <image:title>Households also hold debt
: This is shown by the red rectangle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-f.svg</image:loc>
        <image:title>The household’s net worth
: Also called material wealth. We find it by taking the total assets (excluding expected future earnings), which is the value of the house plus financial wealth, and then subtracting the debt it owes.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-07-g.svg</image:loc>
        <image:title>The value of the house
: This is equal to the household’s equity in the house, plus what it owes to the bank (the mortgage).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-08-c.svg</image:loc>
        <image:title>The Great Depression: Households cut consumption to restore their target broad wealth.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-08-a.svg</image:loc>
        <image:title>Before the Depression
: Households are making consumption decisions in line with their expectations about their net worth and future earnings from employment. This is shown by the fact that total wealth is equal to target wealth.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-08-b.svg</image:loc>
        <image:title>The Depression
: In late 1929, column B, the downturn was underway and beliefs had changed.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-09-e.svg</image:loc>
        <image:title>Investment, expected rate of profit, and the interest rate in an economy with two firms.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-09-a.svg</image:loc>
        <image:title>Firm A
: Firm A has three investment projects of different scale and rate of profit. They are shown in decreasing order of the expected rate of profit.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-09-b.svg</image:loc>
        <image:title>Firm B
: Firm B also has three different investment projects.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-09-c.svg</image:loc>
        <image:title>The decision to invest
: If the interest rate remains at 5%, Firm A goes ahead with project 1 and Firm B does not invest at all. But if the interest rate was 2%, A would undertake projects 1 and 2 and B would undertake all three of its projects.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-09-d.svg</image:loc>
        <image:title>The decision to invest
: The lower panel aggregates the potential investments of the two firms, arranged by the expected profit rate as before.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-a-c.svg</image:loc>
        <image:title>The aggregate economy, where the expected rate of profit rises for a given set of projects (supply effect).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-a-a.svg</image:loc>
        <image:title>Interest rate at 5%
: With the interest rate equal to 5%, only one project will go ahead.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-a-b.svg</image:loc>
        <image:title>Improvement in supply conditions
: The improvement in supply conditions increases the expected rate of profit for each project.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-b-b.svg</image:loc>
        <image:title>The aggregate economy, where the desired capacity rises for each project (demand effect).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-b-a.svg</image:loc>
        <image:title>Interest rate at 2%
: With the interest rate equal to 2%, and the initial desired capacity, investment is shown by the darker coloured blocks.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-c-c.svg</image:loc>
        <image:title>Aggregate investment function: Effects of the interest rate and profit expectations.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-c-a.svg</image:loc>
        <image:title>Potential investment projects
: In an economy with many thousands of firms, all their potential investment projects are represented by a downward-sloping aggregate investment function.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-10-c-b.svg</image:loc>
        <image:title>Investment increases
: In response to a fall in the interest rate, investment increases from C to E.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-a-c.svg</image:loc>
        <image:title>Fiscal expansion can offset a decline in private consumption.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-a-a.svg</image:loc>
        <image:title>Goods market equilibrium
: The economy starts at point A, in goods market equilibrium, at which aggregate demand is equal to output.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-a-b.svg</image:loc>
        <image:title>The economy moves into recession
: This occurs after a fall in consumer confidence, reducing c0. The aggregate demand line shifts downward and the economy moves from point A to point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/14-john-maynard-keynes.jpg</image:loc>
        <image:title>John Maynard Keynes' Portrait</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-b-c.svg</image:loc>
        <image:title>Government austerity can worsen a recession.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-b-a.svg</image:loc>
        <image:title>Goods market equilibrium
: The economy starts at point A in goods market equilibrium, at which aggregate demand is equal to output.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-11-b-b.svg</image:loc>
        <image:title>The economy moves into recession
: This occurs after a fall in consumer confidence, reducing c0. The aggregate demand line shifts downward and the economy moves from point A to point B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-13.svg</image:loc>
        <image:title>Using Mafia proximity to estimate the multiplier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-14.svg</image:loc>
        <image:title>Using US stimulus highway spending to estimate the multiplier.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-15.svg</image:loc>
        <image:title>UK government debt as a percentage of GDP (1700–2014).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-16.svg</image:loc>
        <image:title>Successes and failures of the French fiscal stimulus (1980–1983).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-17.svg</image:loc>
        <image:title>The supply side of the aggregate economy: The labour market.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-18.svg</image:loc>
        <image:title>The supply side and the demand side of the aggregate economy.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-19-c.svg</image:loc>
        <image:title>Business cycle fluctuations around equilibrium unemployment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-19-a.svg</image:loc>
        <image:title>Labour market equilibrium
: The economy is initially at labour market equilibrium at point A with unemployment of 5%. The level of aggregate demand must be as shown by the aggregate demand curve labelled ‘normal’.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-19-b.svg</image:loc>
        <image:title>A boom
: Consider a rise in investment that shifts the aggregate demand curve up to AD (high), so that output and employment rise. The economy is at B: with the boom, unemployment falls below 5%. The additional employment is called cyclical employment.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/images/web/figure-14-mcq-10.svg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/0-6-contributors.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
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        <image:title>Luka Crnjakovic</image:title>
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        <image:title>Alfredo Eleazar Orozco Quesada</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/ebw-christina-tromp.jpg</image:loc>
        <image:title>Christina Tromp</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/ebw-arthur-attwell.jpg</image:loc>
        <image:title>Arthur Attwell</image:title>
      </image:image>
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        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/ebw-lauren-ellwood.jpg</image:loc>
        <image:title>Lauren Ellwood</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/ebw-louise-steward.jpg</image:loc>
        <image:title>Louise Steward</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/logo-IEA.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/logo_UPF.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-03-01-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-03-05-i.jpg</image:loc>
        <image:title>Comment le temps passé à étudier affecte-t-il la note d’Alexei ?
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/leibniz-22-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-05.jpg</image:loc>
        <image:title>La courbe de durée : le dictateur fixe l’impôt étant donné le coût du service public.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fr/text/22.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/unit-22-header.jpg</image:loc>
        <image:title>Élections en Afrique du Sud : FARRELL/AP/REX/Shutterstock</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-01.jpg</image:loc>
        <image:title>L’apartheid et son démantèlement : la valeur des pensions de vieillesse sud-africaines
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-02.jpg</image:loc>
        <image:title>La croissance du secteur public au Royaume-Uni (1500–2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-04-b.jpg</image:loc>
        <image:title>Le dictateur, se projetant dans le futur, considère la rente politique totale qu’il obtiendra avec deux niveaux différents d’imposition annuelle.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-04-a.jpg</image:loc>
        <image:title>Impôt plus élevé
: Si le dictateur perçoit un impôt T2, il anticipe de rester au pouvoir pendant D2 ans. Sa rente politique totale est (T2 − C)D2, où C correspond au coût des services publics offerts.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-05.jpg</image:loc>
        <image:title>La courbe de durée : le dictateur fixe l’impôt, étant donné le coût des services publics
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-06.jpg</image:loc>
        <image:title>Le dictateur choisit un niveau d’imposition qui maximise ses rentes politiques
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-08-c.jpg</image:loc>
        <image:title>L’ensemble des possibles pour l’impôt et la durée du gouvernement dans un système politique relativement peu concurrentiel et concurrentiel.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-08-a.jpg</image:loc>
        <image:title>Une dictature
: Dans une dictature, la courbe de durée est pentue.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-08-b.jpg</image:loc>
        <image:title>Une courbe plus plate
: La courbe de durée plus concurrentielle (plus sombre) est plus plate.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-09.jpg</image:loc>
        <image:title>Choix du niveau d’imposition dans des contextes plus et moins concurrentiels
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-10.jpg</image:loc>
        <image:title>Effet d’une plus grande stabilité et de la concurrence : un exemple dans lequel l’élite gagne
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/22-kenneth-arrow.jpg</image:loc>
        <image:title>Kenneth Arrow</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-h.jpg</image:loc>
        <image:title>Vendeurs de glaces sur la plage : le modèle de l’électeur médian de la concurrence électorale et des programmes politiques.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-a.jpg</image:loc>
        <image:title>Une seule vendeuse
: Une vendeuse unique, April, arrive sur la plage et installe son stand de glaces au point A0.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-b.jpg</image:loc>
        <image:title>Un second vendeur
: Un deuxième vendeur, Bob, arrive et s’installe au point B0, à mi-chemin entre le stand d’April et l’extrémité droite de la plage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-c.jpg</image:loc>
        <image:title>Bob se déplace à gauche
: Bob réalise qu’il pourrait vendre plus en se déplaçant vers la gauche et en se rapprochant d’April, et il s’installe au point B1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-d.jpg</image:loc>
        <image:title>April répond…
: Parce que sa clientèle a diminué, elle va s’installer juste à droite du nouvel emplacement de Bob, au point B1.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-e.jpg</image:loc>
        <image:title>… et Bob répond à nouveau…
: Mais alors, Bob fait la même chose.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-f.jpg</image:loc>
        <image:title>Les deux vendeurs jouent à saute-mouton
: Ils vont continuer ce manège jusqu’à se retrouver côte à côte au milieu de la plage.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-11-g.jpg</image:loc>
        <image:title>Le milieu de la plage
: À cet endroit, aucun des deux n’a d’incitation à se déplacer puisqu’ils se sont partagé les consommateurs en deux parts égales. C’est l’équilibre de Nash sous les règles du jeu que nous avons fixées au début.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/22-albert-otto-hirschman.jpg</image:loc>
        <image:title>Albert O. Hirschman</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-13.jpg</image:loc>
        <image:title>Les progrès de la démocratie dans le monde
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-14.jpg</image:loc>
        <image:title>Dépenses publiques en Finlande, aux États-Unis et en Corée du Sud (2013)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-15.jpg</image:loc>
        <image:title>Responsabilité démocratique et transferts du pouvoir
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-10-flowchart.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-16.jpg</image:loc>
        <image:title>Durée de la démocratie et temps de travail (2014)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-17.jpg</image:loc>
        <image:title>Durée de la démocratie et inégalités en termes de revenu disponible (2015)
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-18-a-c.jpg</image:loc>
        <image:title>Introduction d’une allocation chômage : effets de court et long terme.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-18-a-a.jpg</image:loc>
        <image:title>Le statu quo
: L’équilibre de Nash est au point N. Le nouveau gouvernement met en place une allocation chômage que les travailleurs reçoivent quand ils sont au chômage, et financée par un impôt sur les profits.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-18-a-b.jpg</image:loc>
        <image:title>La conséquence inattendue
: Cela augmente l’option de réserve des travailleurs employés, de telle sorte que les employeurs doivent maintenant payer plus leurs employés pour les encourager à travailler dur et bien. Cela est indiqué par le point C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-18-b.jpg</image:loc>
        <image:title>Combiner la mise en place d’allocations chômage à une politique salariale de solidarité
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-q9kYwVciFnI.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-19.jpg</image:loc>
        <image:title>Cours de la Bourse au Chili : l’élection d’un président socialiste en 1970
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-_rqi4dd7_B4.jpg</image:loc>
        <image:title></image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-20-a.jpg</image:loc>
        <image:title>Cours de la Bourse au Chili : le renversement militaire du gouvernement socialiste, 1973
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-22-20-b.jpg</image:loc>
        <image:title>Cours de la Bourse au Chili : le référendum de 1988, fin du régime militaire
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-20-25-a.jpg</image:loc>
        <image:title>Comme nous l’avons vu avec la Figure 20.25a, les pays avec des revenus par habitant similaires n’ont pas nécessairement des niveaux d’émissions de CO2 par habitant similaires.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/figure-19-30-a.jpg</image:loc>
        <image:title>Comme nous l’avons vu dans la Figure 19.30a, les pays à haut revenu similaires en termes de croissance du PIB par tête n’ont pas nécessairement des niveaux similaires d’inégalités.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fr/images/web/youtube-X83gk4PvIRc.jpg</image:loc>
        <image:title></image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/leibniz-02-02-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/isaac-newton.jpg</image:loc>
        <image:title>Isaac Newton
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/gottfried-wilhelm-von-leibniz.jpg</image:loc>
        <image:title>Gottfried Wilhelm von Leibniz
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/fi/text/leibniz-07-03-01.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/fi/images/web/figure-07-07-h.jpg</image:loc>
        <image:title>Ajattomien Autojen kokonais-, keski- ja rajakustannusfunktiot.
</image:title>
      </image:image>
  </url>
  <url>
    <loc>https://www.core-econ.org/the-economy/book/es/text/09.html</loc>
    <lastmod>2021-08-03</lastmod>
    <changefreq>monthly</changefreq>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/unit-09-header.jpg</image:loc>
        <image:title>Construction workers: United States of America MCSN Rob Aylward/U.S. Navy</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-01-b.jpg</image:loc>
        <image:title>Ingresos semanales reales de los hombres en Australia Occidental (eje izquierdo), precio mundial del mineral de hierro y tasa de desempleo en Australia (eje derecho), (1989–2015).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-01-a.jpg</image:loc>
        <image:title>Ingresos semanales
: La figura muestra los ingresos semanales reales de los hombres en Australia Occidental junto con el precio mundial del mineral de hierro en el gráfico superor, y la tasa de desempleo en Australia en el gráfico inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-02.jpg</image:loc>
        <image:title>El mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-04-c.jpg</image:loc>
        <image:title>La curva de fijación de salarios: esfuerzo laboral y desempleo en la economía en su conjunto.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-04-a.jpg</image:loc>
        <image:title>La curva de fijación de salarios
: La curva con pendiente positiva se denomina curva de fijación de salarios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-04-b.jpg</image:loc>
        <image:title>El salario que maximiza las ganancias cuando el desempleo es alto
: A una tasa de desempleo del 12% en la economía, el salario de reserva del empleado es bajo y el trabajador se esforzará mucho a cambio de un salario relativamente bajo. El salario de maximización de beneficios de la empresa es, por lo tanto, bajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-05.jpg</image:loc>
        <image:title>Obtención de la curva de fijación de salarios: variaciones de la tasa de desempleo en la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-06.jpg</image:loc>
        <image:title>Curva de fijación de salarios estimada para la economía estadounidense (1979–2013).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-08-b.jpg</image:loc>
        <image:title>La elección de precio, cantidad y empleo que maximizan los beneficios de la empresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-08-a.jpg</image:loc>
        <image:title>Máximo beneficio
: El máximo beneficio se produce en el punto B, donde la curva de demanda de la empresa es tangente a una curva de isobeneficio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-09.jpg</image:loc>
        <image:title>Curva de fijación de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-10-d.jpg</image:loc>
        <image:title>La curva de fijación de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-10-a.jpg</image:loc>
        <image:title>Punto A
: El punto A está por encima de la curva de fijación de precios, lo que significa que el salario real es más alto de lo que es consistente con el markup de maximización de beneficios por parte de una empresa. Si el salario real es demasiado alto, eso significa que el margen de beneficio es demasiado bajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-10-b.jpg</image:loc>
        <image:title>Punto B
: La empresa subirá el precio para optar a mayores beneficios en el punto B. El aumento del precio hará que se vendan menos bienes y, como es el caso para todas las empresas, el empleo total cae.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-10-c.jpg</image:loc>
        <image:title>Punto C
: Por debajo de la curva de fijación de precios, en un punto como C, las empresas bajan sus precios y contratan a más personas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-mcq-05.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-11.jpg</image:loc>
        <image:title>Equilibrio en el mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-12-c.jpg</image:loc>
        <image:title>Equilibrio y desempleo por insuficiencia de demanda (cíclico).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-12-a.jpg</image:loc>
        <image:title>Punto X
: En X, el desempleo se encuentra en su nivel correspondiente al equilibrio en el mercado laboral. Si alguien perdiera su trabajo en X, no se mostraría indiferente entre tener o no tener trabajo porque experimentaría un costo en caso de perder el trabajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-12-b.jpg</image:loc>
        <image:title>Punto B
: En B, hay personas adicionales buscando trabajo que también están desempleadas involuntariamente. El desempleo adicional en B se debe a la baja demanda agregada y se llama desempleo por insuficiencia de demanda o desempleo cíclico.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-13-b.jpg</image:loc>
        <image:title>Una empresa aumenta la producción y el empleo tras un recorte en los salarios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-13-a.jpg</image:loc>
        <image:title>La nueva curva de isobeneficio
: La nueva curva de isobeneficio (para salarios más bajos) que pasa por el punto B original ahora tiene más pendiente que la curva de demanda, por lo que la empresa puede obtener mejores resultados bajando su precio y desplazándose así hacia abajo a lo largo de la curva de demanda, con lo que venderá más.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-14-b.jpg</image:loc>
        <image:title>Una empresa aumenta la producción y el empleo tras un aumento de la demanda como resultado de la política monetaria o fiscal.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-14-a.jpg</image:loc>
        <image:title>Antes del aumento de la demanda
: Como antes, la firma comienza en el punto B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-15-a.jpg</image:loc>
        <image:title>La empresa: Ajuste al desempleo de equilibrio en X a través de la política fiscal o monetaria.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-15-b.jpg</image:loc>
        <image:title>La firma: Ajuste al desempleo de equilibrio en X a través de recortes salariales y de precios.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-15-c.jpg</image:loc>
        <image:title>Mercado laboral agregado: desempleo cíclico y desempleo de equilibrio.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-16.jpg</image:loc>
        <image:title>La distribución del ingreso en el equilibrio del mercado laboral.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-17-c.jpg</image:loc>
        <image:title>Efecto de un aumento en el grado de competencia entre empresas: la curva de fijación de precios se desplaza hacia arriba y disminuye la desigualdad.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-17-a.jpg</image:loc>
        <image:title>El equilibrio inicial
: Se parte del equilibrio en A con un coeficiente de Gini de 0,36. Suponga que aumenta el grado de competencia entre empresas.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-17-b.jpg</image:loc>
        <image:title>Un nuevo equilibrio
: El margen de beneficio o markup que aplican las empresas en el mercado disminuirá, por lo que la curva de fijación de precios estará más alta. El nuevo equilibrio está en B.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-einstein.jpg</image:loc>
        <image:title>
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-g.jpg</image:loc>
        <image:title>Efecto de la inmigración en el desempleo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-a.jpg</image:loc>
        <image:title>La situación inicial
: La economía comienza en el punto A y emplea a 4 millones de trabajadores con un salario de 20 dólares por hora y una fuerza laboral de 5 millones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-b.jpg</image:loc>
        <image:title>Un millón de trabajadores están desempleados
: Esto se muestra por la distancia U.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-c.jpg</image:loc>
        <image:title>Los trabajadores inmigrantes se unen a la fuerza laboral
: Esto aumenta la fuerza laboral de 5 millones a 5,5 millones de trabajadores.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-d.jpg</image:loc>
        <image:title>La curva de fijación de salarios se desplaza hacia abajo
: En cualquier nivel de empleo, ahora hay más trabajadores desempleados. El aumento del desempleo a 1,5 millones se muestra por la distancia U′. La amenaza de pérdida de empleo es mayor y las empresas pueden asegurarse el esfuerzo de la fuerza laboral con un salario más bajo.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-e.jpg</image:loc>
        <image:title>Las empresas bajan el salario
: El salario se establece ahora en el punto B en la curva de fijación de salarios en la figura, con el salario en 13 dólares por hora y el empleo aún en 4 millones.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-18-f.jpg</image:loc>
        <image:title>Los beneficios aumentan
: Esto hace que las empresas contraten más trabajadores, lo que requiere un aumento de los salarios en la curva de fijación de salarios. El mercado laboral se mueve del punto B al punto C.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-19.jpg</image:loc>
        <image:title>Proporción de empleados cuyos salarios están cubiertos por convenios colectivos (principios de la década de 2010).
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-20-c.jpg</image:loc>
        <image:title>El sindicato establece el salario de la empresa.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-20-a.jpg</image:loc>
        <image:title>El empleador establece el salario
: En el punto A, el empleador establece el salario que maximiza sus ganancias en el punto tangente de la línea de isocosto y la función de mejor respuesta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-20-b.jpg</image:loc>
        <image:title>El sindicato establece el salario en lugar del empleador
: Si el sindicato establece el salario, este será más alto que el preferido por el empleador y los niveles de esfuerzo proporcionalmente más altos …
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-21.jpg</image:loc>
        <image:title>La curva de fijación de salarios negociada cuando no hay efecto de voz sindical.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-22.jpg</image:loc>
        <image:title>Cobertura de negociación salarial colectiva y desempleo en la OCDE.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-23-c.jpg</image:loc>
        <image:title>El sindicato establece el salario de la empresa y los empleados corresponden.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-23-a.jpg</image:loc>
        <image:title>El empleador establece el salario
: En el punto A, el empleador establece el salario que maximiza las ganancias en el punto de tangencia de la línea de isocosto y la curva de mejor respuesta.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-23-b.jpg</image:loc>
        <image:title>El empleador reconoce a un sindicato
: Si los empleados interpretan el reconocimiento del sindicato por parte del empleador y su disposición a comprometerse con este a pagar un salario más alto como un signo de buena voluntad, la curva de mejor respuesta asciende.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-24.jpg</image:loc>
        <image:title>La curva de fijación de salarios negociada y el equilibrio del mercado laboral cuando hay un efecto de voz sindical.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-25-c.jpg</image:loc>
        <image:title>Deducción de la curva de fijación de salarios: variaciones del nivel de prestaciones por desempleo en la economía.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-25-a.jpg</image:loc>
        <image:title>La empresa fija el salario
: A una tasa de desempleo del 12% y con prestaciones bajas por desempleo, la empresa establece el salario en el punto A del panel superior, que corresponde al punto A en el panel inferior.
</image:title>
      </image:image>
      <image:image>
        <image:loc>https://www.core-econ.org/the-economy/book/es/images/web/figure-09-25-b.jpg</image:loc>
        <image:title>Una prestación por desempleo alta
: Hay una nueva curva de fijación de salarios que pasa por el punto C.
</image:title>
      </image:image>
  </url>
</urlset>
