Browsing Documentos Indexados pela Web of Science by Subject "Preços"
Now showing items 1-3 of 3
-
General equilibrium, wariness and efficient bubbles
2011-05Wary consumers overlook gains but not losses in remote sets of dates or states. As preferences are upper but not lower Mackey semi-continuous, Bewley's (1972) [4] result on existence of equilibrium whose prices are not ... -
Monopoly rents in contestable markets
2015-05Random choices of prices and product characteristics can be used by a contestable monopolist to deter entry and fully extract the monopoly rent. We develop this idea in a model of Bertrand price competition. In equilibrium, ... -
Recursive equilibrium with Price Perfect Foresight and a minimal state space
2016-01This paper analyzes general equilibrium models with finite heterogeneous agents who anticipate future prices through a price expectation function with or without accuracy. I show the existence of a recursive equilibrium ...




