prices is discussed and the uniqueness of the price system is investigated. An algorithm for price calculation is derived and …

Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT …

Minimum unit pricing (MUP) sets a floor price on a unit of alcohol to prevent the sale of 'cheap' drinks, with the aim …

of the space of all price paths in time to the space of time-constant prices is sensible since the latter in general … contains Nash equilibria. We prove that the equilibrium price of the weakest active firm tends to marginal cost as the number …

earlier studies, it takes into account that print media firms can neither set advertising space nor its price. A main finding …

prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity … intensity, increased competition does not affect expected price, leads to greater price dispersion and welfare declines. In … yields identical expected price and price dispersion but higher welfare than an infinite number of firms. …

In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust … completely determined by the components of adirection in which the price system cannot be moved further without leaving the set …