Aranoff, Gerald (2012) A Mathematical Proof: Focus during Weekdays Should Be on Supply for the Sabbath a Support for Workable Competition. Modern Economy, 03 (08). pp. 926-930. ISSN 2152-7245
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Abstract
This paper proves mathematically in a defined model with restrictive assumptions that consumers are better off when they have more food for the Sabbath at the expense of having less food for the other six days of the week! Like the manna that fell from heaven for forty years in the desert—an omer to a person, Sunday through Friday with double portions on Friday—we assume that consumers buy standardized semi-perishable food baskets, one basket per person per day, Sunday through Friday with extra baskets for the Sabbath. We analyze benefits to consumers according to two alternative pricing schemes, whereby consumer expenditures and weekly food consumed are the same. We prove that consumers are better off according to the pricing scheme that allows for more food for the Sabbath day. This agrees with business cycle theories that urge social focus on increasing and prolonging cyclical peaks. This supports John M. Clark’s workable competition thesis and will surprise supporters of SR marginal-cost pricing.
Item Type: | Article |
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Subjects: | Afro Asian Archive > Multidisciplinary |
Depositing User: | Unnamed user with email support@afroasianarchive.com |
Date Deposited: | 17 Jul 2023 05:49 |
Last Modified: | 06 Sep 2024 09:08 |
URI: | http://info.stmdigitallibrary.com/id/eprint/1162 |