We explore the role of strategic price-discrimination by retailers for price determination and inflation dynamics. We model two types of customers, “loyals” who buy only one brand and do not strategically time purchases, and “shoppers” who seek out low-priced products both across brands and across time. Shoppers always pay the lowest price available, the “best price”. Retailers in this setting ...

We examine the performance of stocks that represent managers’“Best ideas.”We …nd that the stock that active managers display the most conviction towards ex-ante, outperforms the market, as well as the other stocks in those managers’portfolios, by approximately one to four percent per quarter depending on the benchmark employed. The results for managers’other high-conviction investments (e.g. to...

the main purpose of this paper is to consider the t-best simultaneousapproximation in fuzzy normed spaces. we develop the theory of t-bestsimultaneous approximation in quotient spaces. then, we discuss the relationshipin t-proximinality and t-chebyshevity of a given space and its quotientspace.