costlessly

Goods that cannot be costlessly traded are not subject to this law.

Like the comparative advantage argument of Ricardo, this is assumed to happen costlessly.

If, at the margin, a good can be provided costlessly, efficiency demands that it be provided free.

This is not socially optimal, because the government can costlessly produce the cash until the supply is plentiful.

Further, Edgeworth's proposed recontracting process is highly stylised, involving traders obtaining information by costlessly making, breaking and re-making contracts with each other.

The truth probably lies somewhere in between 23 percent and 0.6 percent: We can't costlessly observe each other's skills, but we can't costlessly hide our own skills, either.

What happens when everyone has duplicators in their own homes and are having their Sunday dinner coming out of the gadget complete; hot, delicious, and costlessly complete-from the saltcellar to the butter square?

Apart from financing costs, which are included in the no-arbitrage condition, it is assumed the underlying asset, the shares which comprise the index, can be stored costlessly and does not depreciate with storage.

New-Keynesian DSGE models build on a structure similar to RBC models, but instead assume that prices are set by monopolistically competitive firms, and cannot be instantaneously and costlessly adjusted.

Since labor and new capital were free to costlessly change sectors, each factor got paid exactly its "value of marginal product" and because constant returns to scale are assumed, the total payment to each factor exactly equals the total value the factor contributed.

In the real world where people cannot negotiate costlessly, there may be collective action problems of those caused a nuisance, for instance by smoke emissions from a factory to many neighbouring farms, and so getting together to negotiate effectively can be difficult against a single polluter because of coordination problems.