Show simple item record

dc.contributor.authorBloch, Harry
dc.contributor.authorWills-Johnson, Nick
dc.identifier.citationBloch, Harry and Wills-Johnson, Nick. 2010. A simple spatial model for Edgeworth cycles, Centre for Research in Applied Economics Working Paper Series: no. 201002, Curtin University of Technology, School of Economics and Finance.

Maskin & Tirole (1998) formalise Edgeworth's (1925) model of a dynamic equilibrium between two players where prices increase sharply and decrease slowly; the Edgeworth Cycle. Here, we present an application of the model, showing how Edgeworth Cycles might arise in a marketplace where spatial competition is important. We illustrate the approach using the example of retail gasoline markets where Edgeworth Cycles have been widely observed.

dc.publisherCentre for Research in Applied Economics, Curtin Business School
dc.subjectEdgeworth cycles
dc.subjectspatial markets
dc.titleA simple spatial model for Edgeworth cycles
dc.typeWorking Paper
dcterms.source.seriesCentre for Research in Applied Economics Working Paper Series
curtin.departmentSchool of Economics and Finance
curtin.accessStatusOpen access
curtin.facultyCurtin Business School
curtin.facultyThe Centre of Research in Applied Economics (CRAE)

Files in this item


This item appears in the following Collection(s)

Show simple item record