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Mill's test |
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Mill's testOne of two conditions needed for infant industry protection to be welfare-improving, this requires that the protected industry become, over time, able to compete internationally without protection. See also Bastable's test.Similar MatchesMiller, MertonMiller, MertonNobel Laureate and coauthor of the famous Miller-Modigliani theorems. Finance professor at the University of Chicago. Modigliani and Miller Proposition IModigliani and Miller Proposition IA proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition. Millennium RoundMillennium RoundThe name suggested by the European Union for the trade round that they and others hoped would be initiated at the Seattle Ministerial in 1999. That ministerial ended without agreeement to start a new round. Miller and Modiglianis irrelevance propositionMiller and Modiglianis irrelevance propositionTheory that if financial markets are perfect, corporate financial policy (including hedging policy) is irrelevant. Aunt MillieAunt MillieAn unsophisticated investor. |
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