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The purpose of this article is to explore the usefulness of these concepts in economic theory: (1) order; (2) entrepreneur; and (3) style for modern analysis. Obviously, all three categories require primarily qualitative data for explanation built around them. In this essay, the major area of...
Persistent link: https://www.econbiz.de/10005304848
We consider the problem of determining a set ofoptimal tariffs for a revenue maximizing operator, on a subset ofall arcs of a telecommunications network. We suppose multiplerational clients are active on the network who route their demandson the cheapest paths from source to destination, where...
Persistent link: https://www.econbiz.de/10005304963
This paper analyzes a learning model where sophisticated market designers create new trading platforms and boundedly rational traders select among them. We ask wether "Walrasian'''' platforms, leading to efficient (market - clearing) trading outcomes, will dominate the market in the long run. If...
Persistent link: https://www.econbiz.de/10005219997