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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.
Preistheorie. In der grafischen Darstellung der Nachfragefunktion wird deutlich, wie die Kalkulation des Verkaufspreises sich auf die nachgefragte Menge auswirkt. Je höher der Verkaufspreis ist, desto weniger wird das Produkt von den Konsumenten nachgefragt. Setzt der Monopolist den Preis immer tiefer an, kann er mehr verkaufen.
Price theory is concerned with explaining economic activity in terms of the creation and transfer of value, which includes the trade of goods and services between different economic agents. A puzzling question addressed by price theory is, for example: why is water so cheap and diamonds are so expensive, even though water is critical for ...
Learn the tools and methods of price theory from the legendary introductory course at the University of Chicago, taught by Viner, Friedman, Becker, and Murphy. The textbook and video series cover the basics of demand, supply, elasticity, and market equilibrium, as well as the applications of price theory to real-world problems.
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.
1 Origin of Value and Prices. Price theory is concerned with explaining economic activity in terms of the creation and transfer of value, which includes the trade of goods and services between different economic agents.
Price Theory. Mainstream price theory expounds the view that with (perfect) competition it is impossible to purchase something for less than it is worth or for less than the long-term costs of producing it. From: Handbook of the Economics of Innovation, 2010. Related terms: Finance; Volatility; Arbitrage; Equilibrium Theory; Hedging; Financial ...