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Substitute goods,auctions,and equilibrium
Gross substitutes Tatonnement Pseudo-equilibrium Law of aggregate demand
2015/7/21
This paper identifies two notions of substitutes for auction and equilibrium analysis. Weak substitutes,the usual price-theory notion, guarantees monotonicity of tatonnement processes and convergence ...
On the strategic use of risk and undesirable goods in multidimensional screening
principal-agent problem adverse selection calculus of variations
2010/10/20
A monopolist sells goods with possibly a characteristic consumers dislike (for instance, he sells random goods to risk averse agents), which does not affect the production costs. We investigate the q...
Direct substitutes and indirect complements in durable goods market: The digital camera mark
2008/1/14
主讲人
Junji Xiao
Shanghai University of Finance and Economics
题目
Direct substitutes and indirect complements in durable goods market: The digital camera market 2001-2004
JUNJI XIAO
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