equilibrium price
Equilibrium price dispersion with heterogeneous searchers
... lowest price, while the uninformed consumers will engage in price ...the price does not exceed their reservation price ...reservation price is b = V; or as BR searchers who also have ...
32
Equilibrium price dynamics in an overlapping generations exchange economy
... of equilibrium and its determinacy, the dynamics of asset prices, the existence of speculative bubbles, and the presence of endogenous fluctuations in the ...
25
Two Concepts of ‘Centre Of Gravity’: Commentary on Contributions by Gary Mongiovi and Fred Moseley
... the equilibrium measure of the rate of profit, and of the prices of production of each of the two sectors in the system, systematically diverges from the temporal ...‘equilibrium price=centre of ...
8
Effective Perishable Inventory Management & Ordering Strategy cycle for Sustainability of Business
... selling price fixation for the product where the entrepreneur has to go for the usage of equilibrium price where the supplier and consumer will be satisfied and clearance of the inventory within the ...
6
Too Much Waste: A Failure of Stochastic, Competitive Markets
... The equilibrium of a competitive market in which …rms must choose prices ex ante and demand is stochastic is shown to be second-best ...neutrality, equilibrium price exceeds the welfare-maximising ...
23
A Study on the Dynamics of Interest Rate
... Recall that when the money supply is specified the equilibrium price vector and the equilibrium wheat output in this economy depend only on the interest rate. If the interest rate is set to an ...
5
Spot price modelling of industrial metals – an heterogeneous agent based model for Copper
... mean-reverting price models and argued that these models are more appropriate for many ...the price of a commodity is higher than some long-run mean or equilibrium price level, the supply of ...
25
On the Existence of Price Equilibrium in Economies with Excess Demand Functions
... When preferences and production sets are strictly convex, excess demand from the Walrasian pricing rule is a function rather than a correspondence. In this case, it can be defined only on the open price simplex. ...
17
Paying for prominence
... the price comparison website acts to reduce prices relative to the situation with random search, where the equilibrium price in this example is p = 2 for all positive search ...about price and ...
34
Disequilibrium Pricing Theory—Bubbles and Recessions
... How can one track a financial bubble as a likely precursor to bank panics and subsequent recessions? We model the Minsky-Keynes depiction of a financial market—by extending the “equilibrium-price” model to ...
8
Informative Advertising in Directed Search
... and price-posting. For the large market, we find that the equilibrium advertising intensity under auction is higher than the one under price-posting, and holds for any values of the buyer-seller ...a ...
40
Information and Learning in Markets
... a price and the quantity available but cannot commit to future ...lower price in the future with the risk of being rationed and (2) the current price without ...analyze equilibrium ...
195
VikanderAds-FinalEJ2017.pdf
... given price and advertising intensity, and this demand is downward ...unique equilibrium price and advertising intensity, with higher advertising costs associated with lower equilibrium ...
50
8-27-2013 12:00 AM A Free Exchange e-Marketplace for Digital Services
... The digital era is witnessing a remarkable evolution of digital services. While the prospects are countless, the e-marketplaces of digital services are encountering inherent game-theoretic and computational challenges ...
155
Stability in price competition revisited
... In this paper, we consider a continuum of consumers with the same reservation price, who desire to buy at most one unit of a good. There is a finite set of firms that produce and sell such a commodity and compete ...
22
World Resources Determine World Prices
... Wu (1987) discussed the equalization of factor prices in general equilibrium when commodities outnumber factors. Woodland (2011) mentioned that from a theory perspective, factor price equalization is a ...
17
A Model of corporate donations to open source under hardware–software complementarity
... and price decision, with lock–in effects, externalities due to quality, and perfect compatibility among software ...CSS price decreases (with respect to monopoly price) if CSS platform is bigger than ...
22
The Costly Quest for a Better Price A Model of Search and Information Costs
... and price setting ...for price quotes on a repair ...the equilibrium, the expected pro…ts net of diagnosis costs from sending the skilled worker must be the same as the pro…ts from sending the ...
34
Legislative bargaining with heterogeneous disagreement values: theory and experiments
... We study a legislative bargaining game in which failure to agree in a given round may result in a breakdown of negotiations. In that case, each player receives an exogenous ‘disagreement value’. We characterize the set ...
60
Simulation-Based Estimation of Spatial Price Equilibrium Models and Market Integration
... model and (3) minimizing a minimum-distance criterion function with respect to pa- rameters of interest. The moment conditions are based on the parameters from an auxiliary model. The auxiliary model is presumed to be ...
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