Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 6 (Special Issue - Price Rigidity and Flexibility: Recent Theoretical Developments), pp. 523-530
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...