发炎
发表于 2025-3-27 01:01:13
Asymmetric Duopolyouseholds may be better informed about one firm than about another, and/or their decision rule may exhibit some bias, reflecting, for example, the good reputation of a certain firm. While we do not explain these asymmetries in our model, but take them as exogenous, it is easy to think of plausible r
欢笑
发表于 2025-3-27 04:09:34
Judging Quality by Pricers are imperfectly informed about the quality of the products offered by different firms. The basic feature is that a prospective buyer who is not able to observe directly the quality of the good he wants to buy may take instead its price as an indicator of its quality. To the extent that he believe
Negotiate
发表于 2025-3-27 05:36:30
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任命
发表于 2025-3-27 12:27:37
The Value of Information in Sequential Futures Marketsz(e)), and a concave von Neumann-Morgenstern utility function u=u(w) be given. If Q = is an information structure with finite signal space S, and x = a strategy (plan of action) for the agent, then his expected utility is ., where w(e,s;x) = v(e) + (p. − p(e))x. + (p.(s) − p
plasma-cells
发表于 2025-3-27 15:09:20
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Intersect
发表于 2025-3-27 20:47:39
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接触
发表于 2025-3-27 23:44:58
The Basic Modelpreferences of the firm and of the customers are, in principle, contrary to each other. The “better deal” may consist of a lower price, but it may also consist of better quality or better service. In the context of imperfect information the latter interpretation is often more natural because it is t
Granular
发表于 2025-3-28 03:56:18
The Model and Some Basic Propertiesist only for a sufficiently rich class, cf. Arrow ’53). Such a market system is called . in the Arrow-Debreu sense or Arrow-Debreu complete for short. A state-contingent contract stipulates the delivery of a good at some future date, provided a certain “state of nature” occurs (and no delivery other
CRUMB
发表于 2025-3-28 09:39:40
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adequate-intake
发表于 2025-3-28 10:58:58
Manfred NermuthObserving that cracking the code of the Israeli decisionmaking process may prove difficult when US interests and projected security behavior do not cleanly line up with Israel’s preferred mode of action, Giles provides invaluable insights and recommendations for the way ahead.