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X-model: further development and possible modifications

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 Added by Sergei Kulakov
 Publication date 2019
  fields Economy
and research's language is English




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Despite its critical importance, the famous X-model elaborated by Ziel and Steinert (2016) has neither bin been widely studied nor further developed. And yet, the possibilities to improve the model are as numerous as the fields it can be applied to. The present paper takes advantage of a technique proposed by Coulon et al. (2014) to enhance the X-model. Instead of using the wholesale supply and demand curves as inputs for the model, we rely on the transforme



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