competitive supply of durable goods with stochastic fluctuation in stuck
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abstract
this paper presents a theoretical model in order to determine tile expected rate of durable good`s supply over time. the social plaliner maximizes tile sum of the discount ed net benefit. subject to the stochastic fluctuation in the stock of durable goods. it turns out that a social planner increases the expected rate of supply since uncertainty increases the user's loss from the view point of the consumers
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Journal title:
تحقیقات اقتصادیجلد ۳۶، شماره ۱، صفحات ۰-۰
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