This paper develops a model which derives the temporal demand for a telephone line with congestion. Equilibrium obtains when the expected utility of placing a call during the peak and off-peak periods are equalized. We compute the temporal demand for various pricing policies. Direction for...

This paper surveys the main probabilistic discrete choice models used in economics and psychology. We first discuss the historical and epistemological foundations of these models. The two main families are considered: models with stochastic choice rule and stochastic utility models. A detailed...

This paper focuses on the monetary policy channels in an imperfect competition framework of the banking sector. It emphasizes the relationship between the commercial banks rate and the lending rate of the central bank. The framework of imperfect competition is provided by the Salop [1979] model...

We consider the case of a duopoly selling perfect substitutes except for their level of capacity. Firms are playing a two-stage game in which they take capacities as given when they play in prices and anticipate the price outcome when they play in capacities. We analyze the case where consumers...