CINECA IRIS Institutional Research Information System
IRIS è la soluzione IT che facilita la raccolta e la gestione dei dati relativi alle attività e ai prodotti della ricerca. Fornisce a ricercatori, amministratori e valutatori gli strumenti per monitorare i risultati della ricerca, aumentarne la visibilità e allocare in modo efficace le risorse disponibili.
EnglishThe main tenet of the paper is that cost-plus non-competitive prices, while obviously set by firms according to expected market demand for their output, can be assumed to be independent of possible discrepancies between the expected and the actual demand for firms’ output. The analysis is placed within Hicks’s temporary equilibrium framework, though suggesting an explanation of demand totally different from Hicks’s. It is argued that the rationale for the independence of prices from actual sales might be found in Gossen’s notion of optimum frequency of consumption.
| Titolo: | Consumption and Time in Economics: Prices and Quantities in a Temporary Equilibrium Perspective |
| Autori: | |
| Data di pubblicazione: | 2005 |
| Rivista: | |
| Abstract: | The main tenet of the paper is that cost-plus non-competitive prices, while obviously set by firms according to expected market demand for their output, can be assumed to be independent of possible discrepancies between the expected and the actual demand for firms’ output. The analysis is placed within Hicks’s temporary equilibrium framework, though suggesting an explanation of demand totally different from Hicks’s. It is argued that the rationale for the independence of prices from actual sales might be found in Gossen’s notion of optimum frequency of consumption. |
| Handle: | http://hdl.handle.net/11580/8095 |
| Appare nelle tipologie: | 1.1 Articolo in rivista |
File in questo prodotto:
http://hdl.handle.net/11580/8095
Copyright © 2018