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Buy low, sell high : price gaps and neoclassical theory
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Chambers, Robert G. and Melkonyan, Tigran A. (2009) Buy low, sell high : price gaps and neoclassical theory. Journal of Mathematical Economics, Volume 45 (Number 11). pp. 720-729. doi:10.1016/j.jmateco.2009.05.010 ISSN 0304-4068.
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Official URL: http://dx.doi.org/10.1016/j.jmateco.2009.05.010
Abstract
This paper considers the simple neoclassical economics of price gaps in the absence of income effects. Our guiding principle is that price gaps reflect a fundamental economic principle: buy low and sell high. It is demonstrated that neoclassical theory makes clear and economically testable predictions about these price gaps.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Journal of Mathematical Economics | ||||
Publisher: | Elsevier | ||||
ISSN: | 0304-4068 | ||||
Official Date: | 1 December 2009 | ||||
Dates: |
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Volume: | Volume 45 | ||||
Number: | Number 11 | ||||
Page Range: | pp. 720-729 | ||||
DOI: | 10.1016/j.jmateco.2009.05.010 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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