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?

A Model of Random Sales

Mathematical notes. 2018. No. 103:3. P. 445–459.
Pospelov I. G.

It is shown by using a model that even a minor change in prices made by the seller is sufficient to coordinate the actions of independent purchasers so that they act as a single economic agent pursuing the aim of maximizing the effective utility function.

Language: English
DOI
Text on another site
Keywords: tradeutilitybellman equationjump Markov processasymptotics of frequent sales
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