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This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...
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income determination presented here illustrates the links between effective demand, the price level and income distribution …
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affected by these price effects, even in this setting where program eligibility is high, the transfer per household is sizeable …, and hence the supply influx is large. The exception is in remote villages, where the price effects (both the negative …
Persistent link: https://www.econbiz.de/10011302889
academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and …
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increase suggests the existence of more than one price equilibrium. This multiplicity of price equilibria is a central part of … models of confusion-induced price increases as these models can only account for a transitory effect. The persistence of the …
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