price theory
noun[U]
ukusECONOMICS
thestudyof howpricesaredecidedand how they go up and down because ofeconomicforcessuch aschangesinsupplyanddemand:
Stillcentralto much ofcontemporarypricetheoryis themodelofperfectcompetition.
Examplesofprice theory
price theory
Transaction cost economics, which incorporates cost of identifying actors, negotiating, and costs of enforcing agreements intopricetheory.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He remembers her teaching him micro-economics lessons, such as marginal costpricetheory.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.They met together in frequent intense discussions that helped set a group outlook on economic issues, based onpricetheory.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Economic techniques includepricetheory, which evaluates strategic interaction between actors.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.In the industrial system, however, composed of the 1,000 or so largest corporations, competitivepricetheoryobscures the relation to the price system of these large and powerful corporations.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.His explanation for this is that minimum wage research came to be seen as a test of the usefulness of applying neoclassicalpricetheoryto the wages and employment.
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This example is from Wikipedia and may be reused under a CC BY-SA license.His two graduatepricetheorycourses were fabulously exciting and valuable: a life-changing experience.
From theCambridge English Corpus
Like the perfectly competitive model inpricetheory, this neoclassical growth model serves as a benchmark for comparison in growth theory.
From theCambridge English Corpus
The authors argue that monopolistic price theories may depict reality better than the perfectly competitive model.
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This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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