We address the effect of contextual consumer loss aversion on firm strategy in imperfect competition. Consumers are fully informed about match value and price at the moment of purchase. However, some consumers are initially uninformed about their tastes and form a reference point consisting of an expected match—value and price distribution, while others are perfectly informed all the time. We s...

In classical equilibrium analysis it is assumed that consumers may purchase a given amount of good in any fraction he (she) wishes from any of a xed number of rms. Sometimes, as with ski-lifts, at any one time it is only possible for consumers to purchase from one rm. An equilibrium price system is a complete price system. In this paper, a complete price system is a system of prices that varies...

It is very necessary to research the fluctuation of agricultural products prices as well as the data character. In this paper, the wholesale price of agricultural product is considered. The monofractal analysis and multifractal analysis methods are introduced to study wholesale price. We select the appropriate algorithm to calculate the fractal characteristics of the celery wholesale price. Res...

Consumers purchase multiple types of goods, but may be able to examine only a limited number of markets for the best price. We propose a simple model which captures these features, conveying new insights. A firm’s price can deflect or draw attention to its market, and consequently, limited attention introduces a new dimension of cross-market competition. We characterize the equilibrium, and sho...

one of the most significant discussion and challenges propounded in the macroeconomics is the effects of fluctuations of exchange rate on the macroeconomic variables (production, employment, inflation and … etc).in this direction, the important and noticeable point is the factors which lead to fluctuations in the exchange rate which, from amongst these factors as an example, is fluctuations in ...

This paper studies an energy trading and pricing problem for microgrids with uncertain energy supply. The energy provider with the renewable energy (RE) generation (wind power) determines the energy purchase from the electricity markets and the pricing strategy for consumers to maximize its profit, and then the consumers determine their energy demands to maximize their payoffs. The hierarchical...