A simple spatial model for Edgeworth cycles
Maskin & Tirole (1998) formalise Edgeworth's (1925) model of a dynamic equilibrium between two players where prices increase sharply and decrease slowly; the Edgeworth Cycle. Here, we present an application of the model, showing how Edgeworth Cycles might arise in a marketplace where spatia...
| Main Authors: | , |
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| Format: | Working Paper |
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Centre for Research in Applied Economics, Curtin Business School
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/17074 |
| _version_ | 1848749359305326592 |
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| author | Bloch, Harry Wills-Johnson, Nick |
| author_facet | Bloch, Harry Wills-Johnson, Nick |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Maskin & Tirole (1998) formalise Edgeworth's (1925) model of a dynamic equilibrium between two players where prices increase sharply and decrease slowly; the Edgeworth Cycle. Here, we present an application of the model, showing how Edgeworth Cycles might arise in a marketplace where spatial competition is important. We illustrate the approach using the example of retail gasoline markets where Edgeworth Cycles have been widely observed. |
| first_indexed | 2025-11-14T07:19:41Z |
| format | Working Paper |
| id | curtin-20.500.11937-17074 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:19:41Z |
| publishDate | 2010 |
| publisher | Centre for Research in Applied Economics, Curtin Business School |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-170742017-05-30T08:01:04Z A simple spatial model for Edgeworth cycles Bloch, Harry Wills-Johnson, Nick Edgeworth cycles spatial markets Maskin & Tirole (1998) formalise Edgeworth's (1925) model of a dynamic equilibrium between two players where prices increase sharply and decrease slowly; the Edgeworth Cycle. Here, we present an application of the model, showing how Edgeworth Cycles might arise in a marketplace where spatial competition is important. We illustrate the approach using the example of retail gasoline markets where Edgeworth Cycles have been widely observed. 2010 Working Paper http://hdl.handle.net/20.500.11937/17074 Centre for Research in Applied Economics, Curtin Business School fulltext |
| spellingShingle | Edgeworth cycles spatial markets Bloch, Harry Wills-Johnson, Nick A simple spatial model for Edgeworth cycles |
| title | A simple spatial model for Edgeworth cycles |
| title_full | A simple spatial model for Edgeworth cycles |
| title_fullStr | A simple spatial model for Edgeworth cycles |
| title_full_unstemmed | A simple spatial model for Edgeworth cycles |
| title_short | A simple spatial model for Edgeworth cycles |
| title_sort | simple spatial model for edgeworth cycles |
| topic | Edgeworth cycles spatial markets |
| url | http://hdl.handle.net/20.500.11937/17074 |