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On a dual control approach to the pricing policies of a trading specialist

  • Masanao Aoki
Economic Models
Part of the Lecture Notes in Computer Science book series (LNCS, volume 4)

Keywords

Criterion Function Price Policy Excess Demand Stock Level Price Adjustment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    Alchian, A.A., "Information Costs, Pricing and Resource Unemployment," in Phelps et al, Micro-economic Foundations of Employment and Inflation Theory, 27–52, W.W. Norton and Company, Inc. (1970).Google Scholar
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    Arrow, K., "Towards a Theory of Price-Adjustment," in The Allocation of Economic Resources, Abramovitz, M. et al (ed.), Stanford University Press (1959).Google Scholar
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    Aoki, M., Optimization of Stochastic Systems, Chapter III, Academic Press (1967).Google Scholar
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    Aoki, M., "On Some Price Adjustment Schemes of a Marketeer," presented at the 2nd Stochastic Control Conference, NBER Conference on the Computer in Economic and Social Research, Chicago (June 1973).Google Scholar
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    Barro, R.J., "A Theory of Monopolistic Price Adjustment," Rev. Econ. Stud. 34 (1), 17–26 (January 1972).Google Scholar
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    Clower, R.W., "Some Theory of an Ignorant Monopolist," Economic Journal, 705–716 (December 1959).Google Scholar
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    Clower, R.W., "Competition, Monopoly, and the Theory of Price," Pakistan Economic Journal, 219–226 (September 1955).Google Scholar
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    Tse, E., Bar-Shalom, Y., and Meier, L., "Wide-Sense Adaptive Dual Control for Nonlinear Stochastic Systems," to appear in IEEE Trans. Aut. Control. Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1973

Authors and Affiliations

  • Masanao Aoki
    • 1
  1. 1.Department of System ScienceUniversity of CaliforniaLos Angeles

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