Demand shocks, advance production and ma
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Douglas D. Davis; K. Ramagopal
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Article
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1998
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John Wiley and Sons
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English
โ 181 KB
This paper summarizes some recent research pertaining to laboratory markets, and then discusses some of the implications of this research for applied economics and policy. Three results are discussed: (a) in one-sided markets where sellers' post-prices price-tracking response to demand shocks is ver