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In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
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There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common … come out somewhere between Bertrand and Cournot, with negative slopes it may end up beyond Cournot and even beyond monopoly … of one-shot oligopoly games is zero …
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Recognition of the competitiveness of various export commodities is important in the design of industrial policies which shapes a country's structural transformation. The commonly used approach is the Revealed Comparative Advantage (RCA) which was introduced by Balassa in 1965. Over the years,...
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The 2018 M4 Forecasting Competition was the first M-Competition to elicit prediction intervals in addition to point estimates. We take a closer look at the twenty valid interval submissions by examining the prediction intervals' calibration and accuracy and evaluating their performance over...
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