Now showing items 1-3 of 3
Real world agents, REH agents and the econometrician
(Lincoln University. Commerce Division., 1995-05)
This paper aims to explain from within mainstream theory why incorporating the rational expectations hypothesis in new classical macroeconomics leads to stable market equilibria, while other branches within the mainstream ...
Congestion and the sale of pizzas : a theorem on home delivery
(Lincoln University. Commerce Division., 1997-09)
Recently the pricing problem of a monopolist producing several different qualities of a product has received some attention in the literature. Mussa and Rosen (1978) studied the optimal product mix of a monopolist producing ...
A portfolio choice model of the demand for recreational trips
(Lincoln University. Commerce Division., 1996-07)
This study extends previous recreational demand research by defining an annual portfolio of recreational trips as the elemental alternative. There are three distinct advantages to this approach. First, identifying an ...