Static models of the Edgeworth cycle

Nicolas de Roos

Economics Letters, 2012, vol. 117, issue 3, 881-882

Abstract: We provide a reduced form model that encompasses a range of static explanations for the Edgeworth cycle. The model distills two common features that lie behind a range of intuitive explanations for Edgeworth cycles: discontinuity in demand and a positive residual demand.

Keywords: Edgeworth cycles; Residual demand; Gasoline (search for similar items in EconPapers)
JEL-codes: L13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:881-882

DOI: 10.1016/j.econlet.2012.07.003

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