Prices and Knowledge: A Market-Process Perspective
Esteban F. Thomsen
Prices and Knowledge examines the growing field of information economics which views prices not as straightforward indicators of scarcity but as sources of communicating information. Esteban F. Thomsen considers situations of disequilibrium when prices communicate imperfect information. Viewing market activity as a continuing process of change rather than as a fully adjusted state, he demonstrates that disequilibrium prices can become sources of profit opportunities.
Categorias:
Ano:
1992
Edição:
annotated edition
Editora:
Routledge
Idioma:
english
Páginas:
159
ISBN 10:
0415068657
ISBN 13:
9780415068659
Série:
Routledge Foundations of the Market Economy
Arquivo:
PDF, 671 KB
IPFS:
,
english, 1992