An equilibrium model of advertising, production and exchange is developed. Sellers advertise and produce. In contrast … distortive advertising. Buyers read advertising, screen for quality of each good, choose prices optimally and provide a numeraire … good (or money) in exchange. The total numbers of sellers of the two types determine the total production. The total number …

an increase in the prices of agricultural commodities on the Chinese market, in real terms, these rises fall far below … the increases in the prices of industrial commodities. Thus, expert views remain divided on whether China is entering an …' curiosities for further studies into understanding the current level of food prices in China. JEL classification: C58, G13 …

an increase in the prices of agricultural commodities on the Chinese market, in real terms, these rises fall far below … the increases in the prices of industrial commodities. Thus, expert views remain divided on whether China is entering an …' curiosities for further studies into understanding the current level of food prices in China.  …