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The rest of the paper is organized as follows. Section 2 introduces the model. Section 3 analyzes the type of equilibria that may arise under voluntary contribution systems. Conditions are stated under which a social norm to contribute will emerge as a stochastically stable equilibrium in the lon...
As a conclusion, the study of trading behavior of investors could help us understand the dynamics of stock market and predict future stock price14–17. In this paper, we use stock transaction data to analyze the potential power of trading behavior at predicting price of individual stock. For ...
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H.K. Bhargava,V Choudhary 摘要: The paper studies second degree price discrimination for information goods. Prior research in the context of traditional goods (where marginal costs are convex as a function of product quality) shows that a firm can increase profits by offering vertically ...