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Information exchange between firms not necessarily pursues collusion purposes. It is shown that with demand uncertainty … general model of a heterogeneous oligopoly where the firms decide on their optimal range of information exchange in the first …
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D. Patinkin and R.W. Clower belong to the first criticists of the model IS-LM, and they have revealed its theoretical weaknesses. It was in the half of the sixties of the 20 century, i. e. at the time when there was nobody to make the effectiveness of the Keynes's policies dubious. These...
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