transportation costs of consumers, which consequently softens competition and allows higher profits. Therefore, the response of firms …

In this essay, I examine the connection between pricing, profit mark ups, competition, and economic activity from a …-based mark up pricing model; the conclusion reached is that market structure and competition have no fundamental role in … affecting pricing, profit mark ups, or economic activity. However, it is generally perceived in heterodox economics that …

During the marginalist controversy, full costers failed to convince economists of the superiority of full cost pricing … over marginal theory of imperfect competition. The controversy was closed prematurely; various contributions published … rate of profit and the emergence of the market price The present paper shows that the full cost pricing is not so justified …

Article about alternative interpretations of the concept of "competition" as the adaptive behavior of market … participants. The author substantiates the thesis of the identity of market adaptation and market competition rather than rivalry. …

The central premise of the Black and Scholes [Black, F., Scholes, M. (1973). The pricing of options and corporate … liabilities. Journal of Political Economy 81, 637–659] and Merton [Merton, R. (1973). Theory of rational option pricing. Bell … Journal of Economics and Management Science 4, 141–184] option pricing theory is that there exists a self-financing dynamic …

expenditures. To identify optimal advertising and pricing decisions, we discuss three possible games (two non cooperative games …

building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are …