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CYCLICAL PRICE MOVEMENTS IN AN ATOMISTIC MARKET
http://hdl.handle.net/2237/11960
da6deb6e-0ad5-466f-944e-61f0998f62e5
名前 / ファイル | ライセンス | アクション | |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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公開日 | 2009-07-21 | |||||
タイトル | ||||||
タイトル | CYCLICAL PRICE MOVEMENTS IN AN ATOMISTIC MARKET | |||||
著者 |
MINAGAWA, Tadashi
× MINAGAWA, Tadashi× KAWAI, Shin |
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キーワード | ||||||
主題Scheme | Other | |||||
主題 | Price movements | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Business cycles | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Atomistic market | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Mixed strategy | |||||
抄録 | ||||||
内容記述 | This paper explains price movements countercyclical to business cycles in an atomistic market. A recession makes a portion of low-income consumers leave the market and the fraction of low-price stores decreases. Thus, the remaining consumers' reservation prices for storage increase and consequently low-price stores charge higher prices, and vice versa. It is also shown that the equilibrium is characterized as a symmetric mixed strategy Nash equilibrium. |
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内容記述タイプ | Abstract | |||||
出版者 | ||||||
出版者 | 名古屋大学大学院経済学研究科附属国際経済政策研究センター | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_6501 | |||||
タイプ | departmental bulletin paper | |||||
書誌情報 |
Economic Research Center Discussion Paper 号 145, 発行日 2003-08 |
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application/pdf | ||||||
フォーマット | ||||||
application/pdf | ||||||
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application/pdf | ||||||
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値 | publisher | |||||
URI | ||||||
識別子 | http://hdl.handle.net/2237/11960 | |||||
識別子タイプ | HDL |