Showing 1 - 10 of 15
This paper explores a pricing algorithm which behaves as a Walrasian auctioneer under the following constraints: [i] traders arrive randomly and each sales/purchase order should be carried out at the currently posted price (sequential service), [ii] the auctioneer need not know the exact...
Persistent link: https://www.econbiz.de/10005750852
international economics. Our time-series data base concerns manufactured product prices and their domestic and international …
Persistent link: https://www.econbiz.de/10005750871
This paper describes a method of estimating the welfare effects of a set of price changes, using money measures of welfare change such as compensating and equivalent variations, and the associated concept of "equivalent income".
Persistent link: https://www.econbiz.de/10005574828
waves of the National Drug Strategy Survey is merged with previously unavailable state level data on cannabis prices and ABS …
Persistent link: https://www.econbiz.de/10005574856
This paper juxtaposes the policy trend towards price stability with the theoretical optimal quantity of money. After reviewing alternatives to the Friedman (1969) optimum, it focuses on the effect of costly nominal adjustment as a result of inflation.
Persistent link: https://www.econbiz.de/10005574870
This paper exemines the redistributional effect of price changes in Australia over the sixteen year period from 1980 to 1995.
Persistent link: https://www.econbiz.de/10005574905
This paper constructs a simple repeated game model to analyze how industry outcomes alter if a regulated input monopolist is allowed to integrate into the downstream retail market. Integration helps overcome double marginalization-a feature well known in the existing literature. Unlike existing...
Persistent link: https://www.econbiz.de/10005587601
This paper examines the influence of mobile network competition on the prices of fixed-to-mobile calls. Because fixed … result in higher than monopoly call prices; (2) the regulation of termination charges and prices downward will affect mobile … mobile prices but will result in an increase in unregulated carriers' termination charges. When fixed line consumers can …
Persistent link: https://www.econbiz.de/10005587647
Persistent link: https://www.econbiz.de/10005587671
In the first section the authors discuss the nature of cyclical features and the distinction between the traditional analysis of co-movement discussed in the business cycles literature and the more recent common cycles analysis. Section 2 examines the nature of the data used in the estimation...
Persistent link: https://www.econbiz.de/10005587675