A simple spatial model for Edgeworth cycles
| dc.contributor.author | Bloch, Harry | |
| dc.contributor.author | Wills-Johnson, Nick | |
| dc.date.accessioned | 2017-01-30T11:59:31Z | |
| dc.date.available | 2017-01-30T11:59:31Z | |
| dc.date.created | 2010-03-18T20:02:04Z | |
| dc.date.issued | 2010 | |
| dc.identifier.citation | Bloch, 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. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/17074 | |
| dc.description.abstract |
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.publisher | Centre for Research in Applied Economics, Curtin Business School | |
| dc.subject | Edgeworth cycles | |
| dc.subject | spatial markets | |
| dc.title | A simple spatial model for Edgeworth cycles | |
| dc.type | Working Paper | |
| dcterms.source.volume | 201002 | |
| dcterms.source.series | Centre for Research in Applied Economics Working Paper Series | |
| curtin.department | School of Economics and Finance | |
| curtin.accessStatus | Open access | |
| curtin.faculty | Curtin Business School | |
| curtin.faculty | The Centre of Research in Applied Economics (CRAE) |