Browsing NHH Brage by Subject "statistical equilibria"
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Efficient statistical equilibria in markets
(Discussion paper, Working paper, 2005)In this paper we will study statistical equilibria in commodity markets where agents have a specified utility attached to every transaction in their offer sets. A probability measure on the product of all offer sets is ... -
Strategic pricing of commodities
(Discussion paper, Working paper, 2006)In this paper we will consider a setting where a large number of agents are trading commodity bundles. Assuming that agents of the same type have a certain utility attached to each transaction, we construct a statistical ...