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and staggered price setting. Starting from a steady state with positive inflation, a rapid disinflation is desirable when …
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We study the static assortment optimization problem under weakly rational choice models, i.e. models in which adding a product to an assortment does not increase the probability of purchasing a product already in that assortment. This setting applies to most choice models studied and used in...
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We examine the various senses in which economist use the term "rationality" and then outline some of the commonly drawn …
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