positively correlated with the lagged price level in settings where market power is likely to be particularly strong (UK on … different degrees of market competition, as the evidence seems to suggest. Price fluctuations are modelled as the outcome of … dynamics in both sides of the market - demand and supply, which in turn respond to shocks to the underlying preference and …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

We study an experimental market in which the structure of the information flows is endogenized. When making an offer … inform only one other trader about each offer, the resulting institution is equivalent to a decentralized bargaining market … typically informed all traders of the other market side, but none of their own side. This endogenously evolving institution …

and the market pricing of water resources …

A general and practical competitive market model for trading indivisible goods is introduced. There are a group of … divisible good. It is shown in an extremely simple manner that the market has a Walrasian equilibrium if and only if an … associated linear program problem has an optimal solution with its value equal to the potential market value. In addition, it is …

markets within European market are in various strategic positions through their specificity, with the prevalence of a certain …

We present a case study of the market of drug dealing in the context of a drug producing country. A main characteristic … market compared to countries that do not produce drugs. We locate our study to the city of Bucaramanga, Colombia; the country … drugs reduce profit and deter dealers to fight for monopoly, leading to a decentralized market of multiple uni …