1. Introduction 2. Labour Supply 3. The Slutsky Condition 4. Welfare Changes 4.1 The Expenditure Function 4 ….2 Compensating and Equivalent Variations 5. Numerical Examples 5.1 The Tax System 5.2 Utility and Labour Supply 6. Conclusions …

In the presence of demand uncertainty, a priori identical firms may voluntarily choose asynchronous timing of entries … required to make a long-term supply contract with retailers, which stipulates that the firm must supply a constant quantity … each period. The state of demand is ex ante uncertain, and becomes observable a period after at least one firm's entry. …

costs from a demand system. We develop, using an extended linear expenditure system, an iterative maximum likelihood …

velocity to rise, all without shifting the money demand function. …

chronological order of entry. We consider a symmetric duopoly game with a priori demand uncertainty which resolves after a short … term. In the beginning, each supplier is allowed to make either a short-term or a long-term fixed-quantity supply contract … with retailers. The choice of contractual term lengths depends upon the degree of demand uncertainty as well as time …