A continuity property for local price adjustment mechanisms

Article Abstract:

A study was conducted to analyze a case in which a local continuity property is a reasonable one for any local price adjustment mechanism. The starting points of the adjustment process were assumed to be close to one another. The economies are characterized against a tatonnement process that is locally stable. Results indicated that the tatonnement process satisfies the continuity property on a subset of the space of all economies.

Pricing Policy, Pricing, Prices

---

Increasing outer risk

Article Abstract:

The concept of outer risk is formulated by providing a formal characterization of the experimentally important concepts of kurtotic distributions. An increase in outer risk engenders the transfer of dispersion from the center of a distribution to its peripherals.

United States, Forecasts, trends, outlooks, Forecasts and trends, Economic conditions, Market trend/market analysis, Aversion therapy

---

Similar abstracts:

• Abstracts: Profitability of price and quantity strategies in an oligopoly. Stochastically stable states in an oligopoly with differentiated goods: equivalence of price and quantity strategies
• Abstracts: Comparing the accuracy of density forecasts from competing models. Robust evaluation of fixed-event forecast rationality
• Abstracts: The maximum and minimum of primary forecasts. The uses and abuses of 'consensus' forecasts
• Abstracts: A fractal forecasting model for financial time series. The importance of interest rates for forecasting the exchange rate
• Abstracts: Nash equilibria in a model of multiproduct price competition: an assignment problem. Equilibrium selection in games: the mollifier method

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.