Existence of Consistent Conjectures: Reply
回应Robson关于一致猜想不存在的例子,利用其新表述解决该问题,并说明原方法仅适用于线性需求曲线,而更一般的方法可处理二次逆需求情形。
Arthur Robson's excellent comment introduces a new formulation of the problem of consistent conjectures. My reply uses the new formulation in order to resolve Robson's troubling example of nonexistence, and to make the problem clearer. It also shows why my original approach was sensible only for the linear demand curve case. A slightly more general approach used here has consistent conjectures in Robson's quadratic inverse demand example.