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We study the efficiency of the equilibrium price in a centralized, order-driven market where many asymmetrically informed traders are active for many periods.
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Regions can benefit by offering infrastructure services that are differentiated. Competition between regions over … of full and incomplete information about investors' needs are studied. …
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Strict Linear Pricing in non-convex markets is a mathematical impossibility. In the context of electricity markets, two …, some orders are not settled at the market price, but at their bidding price, deviating from uniform pricing (all orders are …
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The competitive equilibrium correspondence, which associates equilibrium prices of commodities ans assets with allocations of endowments, identifies the preferences and beliefs of individuals, this is the case even if the asset market is incomplete.
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The effects of (private, small-scale) copying on the pricing behavior of producers of information goods are studied … symmetric Nash equilibria of the pricing game played by n producers of information goods. We show thereby how the producers … within a unified model of vertical differentiation. Although information goods are assumed to be perfectly horizon tally …
Persistent link: https://www.econbiz.de/10005008644
The effects of (private, small-scale) piracy on the pricing behavior of producers of information goods are studied … within a unified model of vertical differentiation. Although information goods are assumed to be perfectly differentiated … competitiondrives prices up and may lead to price dispersion. Competition reduces total surplus in the short run but provides higher …
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A model of duopoly competition in nonlinear pricing when firms are imperfectly informed about consumer locations is …
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