Efficiency and marginal cost pricing in dynamic competitive markets with friction

DOI10.3982/TE324zbMath1198.91107OpenAlexW1580401130MaRDI QIDQ4932241

In-Koo Cho, Sean P. Meyn

Publication date: 1 October 2010

Published in: Theoretical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/te324

zbMATH Keywords

welfare theoremschoke-up pricedynamic general equilibrium model with supply frictionmarginal production cost

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic dynamics (91B55)

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