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goods and externalities - III. Efficiency analysis - IV. Fiscal competition and optimality. … processes for public and private goods - II. Environment, public goods and externalities - III. Efficiency analysis - IV. Fiscal … competition and optimality. The four pictures above evoke a key concept, method or model used in each of these four parts: MDP …
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endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … competition in prices, (S, s) inventory behavior together with demand uncertainty generates endogenous cyclical patterns in prices … markets and especially observed autocorrelation in price fluctuations. -- Inventory dynamics ; price competition ; oligopoly …
Persistent link: https://www.econbiz.de/10003961661
endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … competition in prices, (S, s) inventory behavior together with demand uncertainty generates endogenous cyclical patterns in prices … markets and especially observed autocorrelation in price fluctuations. -- inventory dynamics ; price competition ; oligopoly …
Persistent link: https://www.econbiz.de/10003965038
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The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10013132898
. Conditions under which strategies are substitutes are identified for a two-stage game with supply function competition and …
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imposing more differentiated limits at the regional level result in only marginal efficiency improvements. Complete self …
Persistent link: https://www.econbiz.de/10011919018