Psychology Dictionary of ArgumentsHome
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| Price theory: Price theory, or microeconomics, analyzes how prices are determined within markets. It explores the interactions between supply and demand, examining how individuals and firms make decisions regarding production, consumption, and pricing. Price theory elucidates the mechanisms behind allocation of resources, the impact of changes in prices on market behavior, and the efficiency of market outcomes. See also Supply, Demand, Microeconomics, Price, Markets. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Neoclassical Economics on Price Theory - Dictionary of Arguments
Mause I 54 Price Theory/Neoclassical Theory: Finally, price theory is about how many companies should produce and offer; because the quantity offered determines the price for a given demand. Already Cournot (1838) derived (1) the conditions for the profit-maximizing behaviour of a monopolist on the one hand and a polypolist on the other hand. >Demand, >Supply. 1. A.A.Cournot, Recherches sur les Principes Mathématiques de la Théorie des Richesses. Paris 1838._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Neoclassical Economics Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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