We study voluntary information disclosure by oligopoly firms in a setting which learn from asset prices to guide their production decisions. A firm that discloses risks losing competitive advantage over its rivals but may benefit learning valuable more informative market. Considering the financial market helps product escape nondisclosure equilibrium with low total surplus. Firms' decisions can...

This paper proposes tests to empirically examine whether auction prices aggregate information away from the limit. These tests are based on 1) a combination of comparative statics with respect to the number of bidders and the dispersion of information signals and 2) comparison of actual prices to predicted Nash equilibrium prices based on observed auction parameters. When applied to eBay online...

Cloud providers possessing large quantities of spare capacity must either incentivize clients to purchase it or suffer losses. Amazon is the first cloud provider to address this challenge, by allowing clients to bid on spare capacity and by granting resources to bidders while their bids exceed a periodically changing spot price. Amazon publicizes the spot price but does not disclose how it is d...

a tax increase fails as a tobacco control policy: the ITC China project evaluation of the 2009 cigarette tax increase in China China ratified the WHO Framework Convention on Tobacco Control (the WHO FCTC) in 2006 and thus has the obligation to increase the prices and taxes of cigarettes. In May 2009, China raised cigarette excise taxes, which was cited by a Chinese government official as a meas...

The fundamentals of an exchange economy, the preferences of individuals, can be identified from the competitive equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends to production economies. The essential step is the identification of fundamentals from aggregate demand as a function of the prices of commodities and the ...

the price volatility spillover effect indicates that price volatility in different markets can be mutually affected. the objective of the study is to analyze volatility price spillover effects on the vertical levels including input, wholesale and retail sale levels in the tehran beef supply chain. the multivariate generalized autoregressive conditional heteroskedastic (mvgarch) model was used b...

Some often cited reasons why both grain and forage prices are and will continue to be high include utilizing corn for ethanol production and the pressure corn grain prices placed on shifting other crop and forage land to corn grain production. Yet, current times of increased income present an ideal opportunity to improve resource management. This will be necessary to permit continued profit und...

iran has experienced high food prices in recent years. this paper examines the welfare impacts of rising major food groups' prices on iranian urban households using quadratic almost ideal demand system (quaids) approach. the elasticity coefficients derived from quaids are used to estimate compensated variations (cv).the study uses iranian household expenditure and income survey (heis) raw data,...