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4. Okt. 2023 · Learn how the theory of price explains how market forces determine the optimal price for a good or service based on supply and demand. See how supply and demand curves illustrate the equilibrium point and how factors can affect them.
Mit der Preistheorie gibt es in der Volkswirtschaft ein Instrument, das die Entwicklung von Verkaufspreisen untersucht. Um hier genaue Erkenntnisse zu gewinnen, ist es wichtig, dass die Preistheorie in unterschiedlichen Marktformen angewendet wird. In diesem Abschnitt erfährst du, was die Preistheorie für die Wirtschaft bedeutet.
The author defines and illustrates price theory as a tradition of neoclassical microeconomic analysis that reduces complex models into simple prices. He traces the origins of price theory, contrasts it with reductionism and empiricism, and suggests a research agenda to improve its methods.
A comprehensive overview of price theory in economics, covering topics such as rational preference, utility function, Walrasian equilibrium, externalities, strategic interactions, dynamic pricing, and behavioural irregularities. The article traces the historical origins of price theory and its applications to various markets and industries.
Learn the Chicago way of thinking about price theory, the analytical toolkit for explaining and predicting human behavior. The book and the videos are based on the legendary PhD course taught by Viner, Friedman, Becker, and Murphy.
Prices are not cost- or demand-determined but set according to strategic considerations by firms. These prices are operationalized as markup prices (for details, see Lee, 2004 ). The markup is added onto the average variable costs (AVC) in a period.
Price Theory in Economics. Thomas A. Weber¤. Forthcoming in: Ozer, Ä O., Ä Phillips, R. (Eds.) Oxford Handbook of Pricing Management, Oxford University Press. Contents. 8 Dynamic Pricing. 9 Behavioral Anomalies. 10 Open Issues.
