Identical products being sold at different prices in different locations is a common phenomenon. To model such scenarios, we supplement the classical Fisher market model by intro...
Sourav Chakraborty, Nikhil R. Devanur, Chinmay Kar...
These lecture notes cover several topics such as Optimization, Technology and profit maximization, Profit maximization and cost minimization, The cost function & duality, Consu...
We establish the existence results for the Allaz–Vila [B. Allaz, J.-L. Vila, Cournot competition, forward markets and efficiency, J. Econ. Theory 59 (1993) 1–16] forward mark...
Previous research suggests that a decline in transactions costs leads to improved economic efficiency. In this paper,weshowthatsuchadeclinewillintroduceincreasinglyuninformedconsu...