formed and how price-based incentives lead to voluntary, as if cooperative, behavior by agents. This active learning method … engages students while improving their comprehension of price formation, gains from trade, voluntary response to incentives …

. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …

imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the … future sales to decline, would supply more of their resource between the announcement of the Acid Rain Program and its … implementation; moreover, the incentive to increase supply would be stronger for owners of high-sulfur coal. This would, all else …

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the … potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply … and demand characteristics, using a small time-series-cross-section dataset on Indian States. We suggest that the price …

A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …

subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …

mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …