Price instability and market failures : a case for state intervention

Although this is clearly disturbing, this should not deter us from using DSGE models with sticky prices, since we saw that in an alternative model with convex costs of changing

The equilibrium resting on fixed, weak prices and free, high volumes was not satisfying in terms of fi- nances, since it did not allow limitations on medical

Comme l’indique le sous-titre de l’ouvrage, « market failures and government failures », le rôle de l’autorité publique est de tout faire pour anticiper et

L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des

There are many good characteristics of the local singularity exponent, and so in general it can be used in many fields, but it is especially useful in the detection of singularities

The results obtained with a Markov Switching Model using data on the Montreal retail market for gasoline show that the introduction of a price floor regulation reduces the

Certain strains of Staphylococcus epidermidis resistant to the aminoglycoside anti- biotics were shown to contain an enzyme that inactivates the kanamycins, neo- mycins,

By applying a two-stage model, estimating market fare volatility and posted prices in the first stage and revenue in the second, we find evidence that price sensitive consumers