Are microfinance markets monopolistic?

Equilibrium Model for Commodity Prices: Competitive and Monopolistic Markets∗

In this article, we develop an equilibrium model for storable commodity prices. The model is formulated as a stochastic dynamic control problem and considers two state variables the exogenous supply and the inventory. The inventory is a fully controllable endogenous variable. We assume that the uncertainty arises from the supply, which evolves as a Ornstein-Uhlenbeck stochastic process. This mo...

Psnp plus Linking Poor Rural Households to Microfinance and Markets

Monopolistic Competition

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...

Are Emerging Markets the Next Developed Markets ?

The opinions expressed are those of the BlackRock Investment Instititute as of August 2011, and may change as subsequent conditions vary. } The emerging markets (EMs) have provided major investment opportunities over the last decade—whether in the equity, fixed income or currency spaces. } The global growth landscape and investment opportunity set have changed significantly in recent years, but...

Pay What You Want as a Marketing Strategy in Monopolistic and Competitive Markets

Pay What You Want (PWYW) can be an attractive marketing strategy to price discriminate between fairminded and selfish customers, to fully penetrate a market without giving away the product for free, and to undercut competitors that use posted prices. We report on laboratory experiments that identify causal factors determining the willingness of buyers to pay voluntarily under PWYW. Furthermore,...