Rudolf Auspitz and Richard Lieben's Untersuchungen über die Theorie des Preises (1889) are an important contribution to the rise of mathematical economics. A distinguishing feature of their work is to consider utility of one commodity as a function of the quantities of all commodities, and to...

Many companies have embarked on initiatives that enable more demand information sharing between retailers and their upstream suppliers. While the literature on such initiatives in the business press is proliferating, it is not clear how one can quantify the benefits of these initiatives and how...

A low-cost dominant firm will drive all competitive fringe firms out of the market if all firms have rational expectations; however, the dominant firm will not predate (price below marginal cost). Since a dominant firm will not drive out fringe firms if they have myopic expectations it may be in...

The problem of endowing preferences with manifold structures emerged from discussions with Gerard Debreu in 1975 . Time has shown that such structures can be useful in understanding the behavior of economic systems . In Chichilnisky (1976) spaces of smooth preferences were endowed with a Hilbert...

This paper considers the effect of market structure on the durability of goods. A previous model is analyzed to provide conditions under which a monopolist provides less durable goods and a lower present value of services than the social optimum.