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CORR
2010
Springer
229views Education» more  CORR 2010»
13 years 3 months ago
Market Equilibrium with Transaction Costs
Identical products being sold at different prices in different locations is a common phenomenon. To model such scenarios, we supplement the classical Fisher market model by intro...
Sourav Chakraborty, Nikhil R. Devanur, Chinmay Kar...
JGO
2008
73views more  JGO 2008»
13 years 4 months ago
On Nash-Cournot oligopolistic market equilibrium models with concave cost functions
We consider Nash
Le D. Muu, V. H. Nguyen, N. V. Quy

Lecture Notes
1973views
15 years 3 months ago
Advanced Microeconomics
These lecture notes cover several topics such as Optimization, Technology and profit maximization, Profit maximization and cost minimization, The cost function & duality, Consu...
Sten Nyberg
ORL
2007
97views more  ORL 2007»
13 years 4 months ago
Analysis on the forward market equilibrium model
We establish the existence results for the Allaz–Vila [B. Allaz, J.-L. Vila, Cournot competition, forward markets and efficiency, J. Econ. Theory 59 (1993) 1–16] forward mark...
Che-Lin Su
ICIS
2001
13 years 6 months ago
Transaction Costs and Market Efficiency
Previous research suggests that a decline in transactions costs leads to improved economic efficiency. In this paper,weshowthatsuchadeclinewillintroduceincreasinglyuninformedconsu...
Bin Gu, Lorin M. Hitt