Eliaz, Kfir (contributor); Spiegler, Ran (contributor) - 2004 - [Elektronische Ressource]
welfare implications. We believe that in many
markets, it is reasonable to assume that the firm - with its army of marketing …(a)} (10)
Step 2: Derive θ by solving the equation
max
a
u(a)=max
a
{ψ(x) · [∆
∗
+v(a)−u(a)] + u(a)} (11)
If the R.H.S. of the …
The Foerder Institute for Economic Research
and
The Sackler Institute of Economic Studies …