In explaining why service prices differ across countries
(both developed and developing countries), most studies have
paid attention to the role of structural variables such as
population, trade balance, resource abundance etc., by using
a full employment assumption. Due to the existence of high
urban unemployment in developing countries, the...
This dissertation addresses two topics on market imperfections. First, chapter
2 presents a theoretical model that focuses on problems associated with informational
asymmetry. The model presents a dynamic signaling game between a monopolist
manufacturer and a monopolist retailer, where demand is uncertain and only the
retailer is privately informed. This...