Explore intertemporal equilibrium, an essential economic concept that analyzes how current and future decisions affect ...

This is a preview. Log in through your library . Abstract This paper extends Merton's intertemporal capital asset pricing model with multiple consumers to include a description of the supply of traded ...

We study a firm's optimal pricing policy under commitment. The firm's objective is to maximize its long-term average revenue given a steady arrival of strategic customers. In particular, customers ...