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Sellers of perishable goods increasingly use dynamic pricing strategies as technology makes it easier to change prices and track inventory. This paper tests how accurately theoretical models of dynami...
In the market for medical care, physicians often face uncertainty about how a newly diagnosed patient will respond to available treatments. I design a framework to analyze how price and promotion in...
Most studies of the optimal provision of public goods or the excess burden from taxation assume that individual utility is independent of other individuals' consumption. This paper investigates public...
The contribution of new goods to economic welfare is a first order question for understanding the growth of modern economies. New attention to this question has improved both our understanding of the ...
Voluntary cooperation in public goods problems crucially affects the functioning and long-term fate of economic and political systems. Previous research emphasizes that cooperation in public goods gam...
Social scientists have long emphasized the importance of institutions in nurturing economic growth and development. Douglass C. North defines institutions as the “rules of the game in a society” which...
In this paper we introduce kinetic equations for the evolution of the probability distribution of two goods among a huge population of agents.The leading idea is to describe the trading of these goods...
This essay examines the capital goods markets in the comprehensive model that Léon Walras constructed during the mature period of his theoretical work. The essay answers fundamental questions about th...
This paper uses a dynamic factor model for the quarterly changes in consumption goods’ prices in the United States since 1959 to separate them into three independent components: idiosyncratic relative...
上海财经大学宏观经济学课件Chapter17 World Markets in Goods and Credit。
Public Goods Index Page     Public Goods  public economics       font style='font-size:12px;'> 2010/2/22
Describes theory and applications of the demand revealing process, a solution to the "public goods" or "free rider" problem in public economics.
The production and sales of counterfeit products is an increasingly serious problem in the international trade market. Beyond issues of intellectual property theft and consumer safety, there is t...
POLITICAL ECONOMY OF INTERMEDIATE GOODS TAXATION     POLITICAL ECONOMY  INTERMEDIATE  GOODS TAXATION       font style='font-size:12px;'> 2014/3/18
We generalize the Diamond–Mirrlees production efficiency theorem, that there should be no taxes on sectors producing pure intermediate goods, to an environment with political economy constraints...
Luxury Goods and the Equity Premium     Luxury Goods  the Equity Premium       font style='font-size:12px;'> 2014/3/13
This paper evaluates the equity premium using novel data on the consumption of luxury goods. Specifying utility as a nonhomothetic function of both luxury and basic consumption goods, we derive pricin...

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