Prices and Knowledge: A Market-Process Perspective

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Prices and Knowledge: A Market-Process...

Prices and Knowledge: A Market-Process Perspective

Name: Prices and Knowledge: A Market-Process Perspective
ISBN: 9780415068659

Esteban F. Thomsen

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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.

Kategorije:

Business & Economics

Godina:

1992

Izdanje:

annotated edition

Izdavač:

Routledge

Jezik:

english

Strane:

159