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optimal inventory-trading policy of a risk-neutral merchant is characterized by two stage and spot-price dependent basestock … targets. Under some assumptions, these targets are monotone in the spot price and partition the available inventory and spot … prices in general depends on the merchant's inventory availability. This is a consequence of the interplay between the …
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more central role in the ‘new normal’ of the post-crisis global economy. [Ministry of Finance, India Report]. URL;[http://finmin.nic.in/reports/BRICS_Report.pdf]. …
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