To provide a more flexible workhorse model of temporary price reductions or `sales', this paper presents a substantially generalized `clearinghouse' sales framework. Our framework permits multiple dimensions of firm heterogeneity, and views firms as competing directly in utility rather than...

Republican Dan Canan, Mayor of Muncie, Indiana, delivered his 2005 State of the City address. Topics of discussion included a tax for those who work in Muncie, Indiana but do not live in Muncie, Indiana, a local sales tax on goods purchased in Muncie, Indiana, and possible tuition increases at...