ASYMMETRIC SURPLUS DISTRIBUTION AND THE PRICE CONVERGENCE PATH IN POSTED-OFFER MARKETS - A NOTE

被引：0
|
作者：
KUJAL, P
机构：
[1] University of Arizona, Tucson, AZ
来源：
ECONOMICS LETTERS | 1992年 / 39卷 / 01期
关键词：
D O I：
10.1016/0165-1765(92)90097-I
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We report results from five Posted-Offer experiments with firm-specific quotas. The average contract price converges from below the competitive equilibrium. Thus, the independence of the contract price convergence path from surplus distribution is questioned in our results.
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页码：33 / 36
页数：4
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