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Neoclassical supply and demand, experiments, and the classical theory of price formation

Inoua, Sabiou M.; Smith, Vernon L. - In: History of political economy 54 (2022) 1, pp. 37-73

Persistent link: https://www.econbiz.de/10013185020

Economics of Markets : Neoclassical Theory, Experiments, and Theory of Classical Price Discovery

Inoua, Sabiou M.; Smith, Vernon L. - 2022

: Overview of the Theory -- Chapter 4. Price Formation: Partial Equilibrium -- Chapter 5. Price Formation: General Equilibrium …This book establishes that neoclassical economics based on the marginal utility calculus failed to derive a theory of … rich narrative of price discovery theory consistent with experimental evidence based on operational concepts of discrete …

Persistent link: https://www.econbiz.de/10013455552

Biased randomization of classical heuristics

Juan, Angel A.; Cáceres-Cruz, José; … - 2014

Persistent link: https://www.econbiz.de/10010366376

A discipline without sympathy: the happiness of the majority and its demise

Peart, Sandra; Levy, David M. - In: The Canadian journal of economics 38 (2005) 3, pp. 937-954

Persistent link: https://www.econbiz.de/10003153716

A Discipline Without Sympathy : The Happiness of the Majority and its Demise

Peart, Sandra J.; Levy, David M. - 2005

Experimental economists frequently invoke Adam Smith's notion of sympathy, and experimental treatments typically examine sympathy in situations where two groups are involved. We explore additional implications of sympathy suggested by the work of later classical economists. We link the notion of...

Persistent link: https://www.econbiz.de/10014063202