English, Article, Journal or magazine article edition: Price Dynamics and the Market for Access to Trading Partners Michael Sattinger

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Bookmark: http://trove.nla.gov.au/version/137668
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Price Dynamics and the Market for Access to Trading Partners
Author
  • Michael Sattinger
Physical Description
  • preprint
Notes
  • RePEc:wop:snyaec:03-10
  • At each point in time, price dynamics in a market are determined by a market for access to trading partners, implemented by competitive profit-maximizing brokers. This mechanism is applied to a market in which the value of a good declines over time and buyers decide optimally when to reenter the market and buy a new unit. Price adjustment paths in response to increases and decreases in demand are then derived using the differential equations generated by the model.
  • RePEc:nya:albaec:03-10
Language
  • English
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