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The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised.  When demand is linear, a small restriction on price only increases consumer surplus if the eleasticity of demand exceeds the elasticity of supply; with log-linear or...
Persistent link: https://www.econbiz.de/10011004158
This paper defines regular and weakly regular equilibria for monotone Bayesian games with one-dimensional actions and types.  It proves an index theorem and provides applications to uniqueness of equilibrium.  It also provides analyses of stability with respect to perturbations and dynamic...
Persistent link: https://www.econbiz.de/10009393197