's demand is a fraction of aggregate demand but is negatively affected by the spread between the price the firm charges and the … unobserved industry price. Production costs are either linear or convex--implying quite different dynamic behavior. Marginal cost … positively or negatively correlated, depending on price and income elasticities of aggregate and local demand functions …

can, therefore, be used to hedge against economic uncertainty. We investigate the effect of trader inventory on the price … which the market price does not agree with our Heston model. We collect a variety of market features that could potentially … explain the price deviations and calibrate two machine learning models to the price difference: a regularized linear model and …