T single-product firms with different quality levels and fixed limited capacities engage in sequential price competition in an essentially deterministic model where customers have heterogeneous valuations for both products. We develop conditions under which the leader (she) can take strategic advantage of her limited capacity by pricing relatively low, purposefully creating shortages and leavin...

A commonly observed two-stage pricing strategy for a custom-made product involves a prepurchase entry fee for a potential consumer and a purchase price if he decides to buy the product. We solve and compare two settings: In the first, the firm does not commit in advance to the second-stage price and in the second, the firm does. We show that without a commitment mechanism, the two price points ...

Metals are indispensable raw materials for industry and have strategic importance in economic development. The price forecasting of metals is crucial the production sector policies countries. paper presents application various exponential smoothing methods to metal spot forecasting. Aluminum, copper, lead, iron, nickel, tin, zinc prices were analyzed by using yearly data from 1990 2021. root me...

Chemical Looping with Oxygen Uncoupling (CLOU) is an advanced approach proposed for improving the utilization degree of solid fuels and speeding up the reaction rate in Chemical-Looping Combustion technology (CLC). In CLOU system, OC circulates between fuel reactor (FR) and air reactor (AR), providing gaseous oxygen for the combustion of fuels (in FR) and then being regenerated by absorbing gas...

We develop a version of the fundamental theorem of asset pricing for discrete-time markets with proportional transaction costs and model uncertainty. A robust notion of no-arbitrage of the second kind is defined and shown to be equivalent to the existence of a collection of strictly consistent price systems.

In this note we show that the results developed in Singh and Vives (1984) are sensitive to the duopoly assumption (Rand Journal of Economics 15, 546-554). If there are more than two firms, prices may be higher under price competition than under quantity competition. This will be the case if quality differences are large and goods are complements. If goods are substitutes, high-quality firms may...

ELECTIONS AND ASSET PRICING: THE POLITICALLY SENSITIVE EQUITY OF US MILITARY CONTRACTORS by