None of you has answered my question. No one. You are use//less. Use/less economists.
Go to stackexchange and GTFO
you don't have an answer because your question is based on a false premise. No one models price as a discrete variable. It doesn't make sense to call a model discrete because models have both discrete and continuous components.
None of you has answered my question. No one. You are use//less. Use/less economists.
you don't have an answer because your question is based on a false premise. No one models price as a discrete variable. It doesn't make sense to call a model discrete because models have both discrete and continuous components.
None of you has answered my question. No one. You are use//less. Use/less economists.
Careful, there are numerous models of discrete demand and supply. It even appears in some undergrad textbooks, as well as numerous papers.
you don't have an answer because your question is based on a false premise. No one models price as a discrete variable. It doesn't make sense to call a model discrete because models have both discrete and continuous components.None of you has answered my question. No one. You are use//less. Use/less economists.
Careful, there are numerous models of discrete demand and supply. It even appears in some undergrad textbooks, as well as numerous papers.
sure, demand is commonly modeled as discrete in empirical IO. But even these models have continuous prices, interest rates, etc. The fact that your choice variable is discrete does not imply that prices are discrete which seems to be OP's main contention.
you don't have an answer because your question is based on a false premise. No one models price as a discrete variable. It doesn't make sense to call a model discrete because models have both discrete and continuous components.None of you has answered my question. No one. You are use//less. Use/less economists.
Careful, there are numerous models of discrete demand and supply. It even appears in some undergrad textbooks, as well as numerous papers.
sure, demand is commonly modeled as discrete in empirical IO. But even these models have continuous prices, interest rates, etc. The fact that your choice variable is discrete does not imply that prices are discrete which seems to be OP's main contention.
I'm not referring to IO but to stepwise demand and supply for discrete goods. The set-up is a little different. Check John hey's undergrad micro text for a nice treatment, or the way it is done in experimental markets, price is effectively discrete in these models.