Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 27 for “"Equilibrium prices"”.
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Essays on Learning and Stability in Asymmetric Information Economies
This research explores how an equilibrium evolves over a sequence of asymmetric information economies where economic agents learn more information from past observations. Agents are bounded rational in the sense that they optimize within a small error. Information is revealed over time by the …
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A Dynamic Welfare Analysis of Price Stabilization Policies in the Korean Rice Market
… a deficiency payments program where the target prices are set below the expected equilibrium prices are compared based on the stated multiple policy goals, i.e., producers and consumers simultaneous supports, and price stabilization, and on the economic efficiency criteria. Welfare measurement …
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Price discovery in the foreign exchange market
… which helps them to lead others in finding the equilibrium prices. It further reveals the importance of studying the microstructure of the foreign exchange market, which may in the future solve the 'disconnection' puzzle that has baffled the exchange rate theory for the past decades.
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Analysis of the United States pediatric immunization market: A game theoretic approach
… coverage levels, the CDC negotiates the prices of the vaccines sold in the public sector with vaccine manufacturers. The economic competition between vaccine manufacturers and the impact of the negotiations between the CDC and the vaccine manufacturers are of particular interest. This …
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ΕΛΕΓΧΟΣ ΤΗΣ ΟΥΔΕΤΕΡΟΤΗΤΟΣ ΤΟΥ ΧΡΗΜΑΤΟΣ Σ' ΕΝΑ ΜΑΚΡΟΟΙΚΟΝΟΜΙΚΟ ΥΠΟΔΕΙΓΜΑ ΤΗΣ ΕΛΛΗΝΙΚΗΣ ΟΙΚΟΝΟΜΙΑΣ ΥΠΟ ΚΑΘΕΣΤΩΣ ΟΡΘΟΛΟΓΙΚΩΝ ΠΡΟΒΛΕΨΕΩΝ: 1954-1980
… BAGS DUE TO PARTIAL ADJUSTMENT IN THE LEVEL OF PRICES. A MAIN CONCLUSION OF THIS WORK WAS THAT IN EACH PERIOD ONLY A FRACTION OF THE GAP BETWEEN ACTUAL AND EQUILIBRIUM PRICES IS CLOSED, AND AS CONSEQUENCE ANTICIPATED MONETARY POLICY MAY HAVE A SIGNIFICANT STABILIZATION RATE TO PLAY IN THE …
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Supply response to consumer inertia : strategic pricing in Medicare Part D
… Part D exploit this inertia when setting prices. I first document descriptive evidence consistent with insurers initially setting low prices in order to "invest" in future demand before later raising prices to "harvest" inertial consumers. I then apply a two-step estimation approach …
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Essays in capital markets
… of information has substantial impact on equilibrium prices and returns. In the second essay we explore several sources of serial correlation in returns of hedge funds and other alternative investments. We show that the most likely explanation is illiquidity exposure, i.e., investments in …
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Tiered Provider Networks in Health insurance
… effects of one such plan design on demand and equilibrium prices. Tiered hospital networks group hospitals by price ranking and vary consumers' out-of-pocket prices to reflect the price variation faced by the insurer. Proponents argue that tiered networks reduce health care spending by steering …
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Efficiency and braess' paradox under pricing in general network
… develop a framework to study profit maximizing prices in a general congested network. We study the flow control and routing decisions of self-interested users in the present of profit maximizing price. We define an equilibrium of the user choices and the monopoly equilibrium (ME) as the …
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Equilibria in overlapping generations models
… rates are fundamental in the explanation of equilibrium prices over time, because they provide the link between the present and the future. Capturing this dynamic feature, the overlapping generations model is particularly suitable to address the interest rate problem, as has been shown by …
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Essays in industrial economics
… call fully covered market the case in which the equilibrium prices of the two firms are such that all consumers buy one good. We show that if the market is fully covered, no lotteries are offered in equilibrium. However, when the market is not fully covered the optimal selling strategy may …
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Essays on the Economics of Algorithms, Markets, and Organizations
… Digitization and entry lead to changes in equilibrium prices and allocation in the US residential real estate market. Consistent with a theoretical model of comparative advantage, I observe shifts in investment patterns for both humans and algorithmic investors and changing house prices, …
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Essays on the restructuring of the electricity industry in the United States
… 2 develops a forecast of electricity prices after the transition to retail competition. The equilibrium prices are found from an n -firm Cournot model of oligopoly with non-uniform marginal costs. It is further shown how the translog cost function can be used in the traditional …
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Price competition and the impact of service attributes: Structural estimation and analytical characterizations of equilibrium behavior
… goal of our second essay is to characterize the equilibrium behavior of price competition models with Mixed Multinomial Logit (MMNL) demand functions under affine cost structures. In spite of the huge popularity of MMNL models in both the theoretical and empirical literature, it is not known, in …
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Trading in exogenous networks: a theoretical application and experimental results
… We first propose a model in which PUs can set prices and offer unused channels to SUs. We consider a small network of primary and secondary users in which the network is defined exogenously by their respective locations. In this framework, equilibrium prices depend on the structure of the …
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Four Essays on Applied Energy Economics and Policy
… in consumers’ responses to changes in gasoline prices and taxes. We investigate whether an increase in taxes has a more negative impact on the demand than an increase in the “pre-tax” price of gasoline. We estimate consumers’ behavioral responses using a rich set of robust models. We find …
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Design and operation of electricity markets: dynamics, uncertainty, pricing and competition
… the evaluation of the suitability of competitive equilibrium as the market design model in the presence of physical characteristics of electricity system. The standard conclusions of competitive equilibrium theory are extended in a general dynamic setting, but analytical results show that these …
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Essays on finance and macroeconomics
… balance sheet recessions with depressed asset prices and growth, and trigger a "flight to quality" event with low interest rates and high risk-premia. Uncertainty shocks create an endogenous hedging motive that induces financial intermediaries to take on a disproportionate fraction of aggregate …
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Land use change through market dynamics : a Microsimulation of land development, the bidding process, and location choices of households and firms
… with endogenously determined property prices and land use patterns (including distributions of households and firms). Notions of competition were used to simulate price adjustment, and market-clearing prices were obtained in an iterative fashion. When real estate markets reach …
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Financial distortions and the distribution of global volatility
… savings, the government can manipulate the equilibrium prices of production inputs such that an efficient allocation of resources is achieved. Compared to the optimal policy benchmark, the equilibrium financial system absorbs too many productive resources. Further, the mere existence of a …
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