Optimal Price Dynamics and Speculation with a Storable Good

DOI10.2307/1912572zbMath0674.90012OpenAlexW2067999269MaRDI QIDQ3829311

Roland Benabou

Publication date: 1989

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://www.cepremap.fr/depot/couv_orange/co8708.pdf

zbMATH Keywords

infinite horizonprice uncertaintyMarkov perfect equilibriumoptimal storage strategyspeculationinflationary environmentcontinuum of buyersoptimal price strategyrepeated leader-follower gamestorable good

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Hierarchical systems (93A13) Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Dynamic programming (90C39) Economic growth models (91B62) Other game-theoretic models (91A40) Stochastic games, stochastic differential games (91A15) Multistage and repeated games (91A20)

Related Items (3)

Staggered price setting with endogenous frequency of adjustment ⋮ STORABLE GOOD MARKET WITH INTERTEMPORAL COST VARIATIONS ⋮ Strategies for maximizing seller's profit under unknown buyer's valuations

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