Year: 1978
Author: Heinrich, Jürgen
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 3 : pp. 311–326
Abstract
Under the assumption of fixed disequilibrium prices the influence of realized and expected excess demand on supply and demand is analyzed. Assuming that the rationing scheme in disequilibrium will be such, that realized transactions are proportional to ordered and offered quantities, it is shown, that sellers and demanders order or offer quantities, which are bigger than notional quantities. Costs of ordering or offering limit the process of quantity-adjustments.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.98.3.311
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 3 : pp. 311–326
Published online: 1978-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 16
Author Details
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