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Persistent link: https://www.econbiz.de/10003913911
This paper investigates how quantity competition operates in economies in which a network describes the set of feasible trades. A general equilibrium model is presented in which prices and .ows of goods are endogenously determined. In such economies equilibrium dictates whether an individual...
Persistent link: https://www.econbiz.de/10013148176
This paper studies the non-parametric identification of the discount factor and utility function in the class of dynamic discrete-continuous choice (DDCC) models. In contrast to the discrete-only model we show the discount factor is identified. Our results further highlight why Euler equation...
Persistent link: https://www.econbiz.de/10013247155
Persistent link: https://www.econbiz.de/10012420555