Echoes, by E.M.H.
Author: Emily Marion Harris
Publisher:
Published: 1872
Total Pages: 188
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Emily Marion Harris
Publisher:
Published: 1872
Total Pages: 188
ISBN-13:
DOWNLOAD EBOOKAuthor: Twilight
Publisher:
Published: 1873
Total Pages: 208
ISBN-13:
DOWNLOAD EBOOKAuthor: James Silk Buckingham
Publisher:
Published: 1873
Total Pages: 856
ISBN-13:
DOWNLOAD EBOOKAuthor: Frederic Boase
Publisher:
Published: 1912
Total Pages: 450
ISBN-13:
DOWNLOAD EBOOKAuthor: British museum. Dept. of printed books
Publisher:
Published: 1931
Total Pages: 504
ISBN-13:
DOWNLOAD EBOOKAuthor: British Museum. Department of Printed Books
Publisher:
Published: 1902
Total Pages: 640
ISBN-13:
DOWNLOAD EBOOKAuthor: Sabiou M. Inoua
Publisher: Springer Nature
Published: 2022-11-26
Total Pages: 197
ISBN-13: 3031084284
DOWNLOAD EBOOKThis book establishes that neoclassical economics based on the marginal utility calculus failed to derive a theory of consumer market price discovery consistent with the experimental market evidence. Such markets involve inherently discrete final-demand items bought for consumption and not subject to resale. Classical economists following Adam Smith articulated a rich narrative of price discovery theory consistent with experimental evidence based on operational concepts of discrete demand values (maximum willingness-to-pay), and symmetrically, supply costs (minimum willingness-to-accept). We develop and extend a mathematical model of classical market price formation. Chapter 1 & 2 describes this theme and chapter 3 connects it with experiments. Chapter 4 builds on experimental examples for an intuitive overview of the theory. A partial equilibrium version of the theory constitutes Chapter 5. Chapter 6 extends this framework to price formation by wealth constrained agents in multiple-goods markets. Chapter 7 applies this framework to the study of re-tradable durable-goods and financial claims that are subject to sources of instability absent in markets for consumer non-durables.