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particular, this paper shows that when matching is assortative and sellers' investments precede market competition then … coordination failures. Different types of inefficiency arise when buyers undertake investment before market competition. These …
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particular, this paper shows that when matching is assortative and sellers' investments precede market competition then … coordination failures. Different types of inefficiency arise when buyers undertake investment before market competition. These …
Persistent link: https://www.econbiz.de/10009781594
particular, this paper shows that when matching is assortative and sellers? investments precede market competition then … coordination failures. Different types of inefficiency arise when buyers undertake investment before market competition. These …
Persistent link: https://www.econbiz.de/10013321163
particular, this paper shows that when matching is assortative and sellers' investments precede market competition then … coordination failures. Different types of inefficiency arise when buyers undertake investment before market competition. These …
Persistent link: https://www.econbiz.de/10014159892
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Bewley's condition on production sets, imposed to ensure the existence of an equilibrium price density when L? is the commodity space, is weakened to allow applications to continuous-time problems, and especially to peak-load pricing when the users' utility and production function are Mackey...
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