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Most of the time, when economists speak of price, they are referring to a market-clearing price—that is, the price at which the amount of a good or service supplied by all sellers in a market is equal to the amount demanded by all buyers.
5 lut 2014 · We establish that for any degree of consumer loss aversion, the monopolist's optimal price distribution consists of low and variable “sale” prices and a high and atomic “regular” price.
12 gru 2018 · When analyzing price effects, one should not only consider economic aspects but also insights from behavioral science. The psychology of price supplements the classical economic view and thus makes an essential contribution to a more comprehensive understanding of price effects.
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11 mar 2024 · In economics, a minimum price, also known as a price floor, is a form of government intervention that sets a legal minimum price for a specific good or service. This means that the price of the good or service cannot legally be sold below the set minimum price.
5 lip 2021 · 1. Price as information. The primary psychological affordance of price is its informativeness, not only in dollars and cents but in cues about the object’s quality. A price tag works in the same...
