theory of demand

the body of theory concerned with the determinants of the market DEMAND for GOODS and SERVICES and the effects of market demand (together with market supply) on the prices and quantities transacted of particular goods and services. See DEMAND FUNCTION, DEMAND CURVE, DEMAND CURVE ( SHIFT IN), ELASTICITY OF DEMAND, TOTAL REVENUE, MARGINAL REVENUE, MARGINAL REVENUE PRODUCT, EQUILIBRIUM MARKET PRICE, CONSUMER EQUILIBRIUM, THEORY OF MARKETS, PRICE SYSTEM.

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References in periodicals archive ?

After an introductory essay by the editors, the first volume presents 39 pieces on teaching and doing price theory at Chicago, methodology and economic systems, and the theory of demand and consumer behavior.

Chicago price theory; 3v

A theory of demand for products distinguished by place of production.

Migration and welfare

It was on this assumption of relative neutrality of the state that the theory of demand management in capitalist democracies was developed.

Climate change

Although both Marshall and we adhere to a subjective value theory of demand, he maintains an objective cost of production theory, whereas we cleave to the Austrian subjective cost theory (Barnett, 1989; Buchanan, 1969; Cordato, 1989; Mises, 1949; Rothbard, 1997).

On Rothbard on the shifting and incidence of a general sales tax: a critique

In particular, he acknowledges the primacy of Cournot's theory of demand.

Early neoclassical views on Monopoly: the cournotian heritage

In contrast, R-A theory (1) is a theory of competition that includes a theory of the organization, (2) views innovation as endogenous to the process of organizations' competing, (3) views competition among organizations to be evolutionary and disequilibrating, (4) incorporates a theory of demand, (5) clearly distinguishes marketplace positions of competitive advantage from the comparative advantages in resources that lead to the positional advantages, (6) views the organization as seeking superior financial performance (and shows how this pursuit is highly beneficial to society) and (7) maintains that the theory has public policy implications and, indeed, has developed such implications in Hunt (2000b, 2007), Hunt and Arnett (2001), and Grengs (2006).

Grounding supply chain management in resource-advantage theory

While this theory is just a rough estimate, it nevertheless still reveals certain trends and proves certain results likely to be used in the practical field as well as in the general theory of demand.

The hierarchy of needs and the concept of groups in consumer choice theory [1943] (1)

The Theory of Demand for Health Insurance, by John A.

The Theory of Demand for Health Insurance

While the former sees the effect level of money supply on output through changes in the prices, velocity, interest rate, and profit, the latter describes the transmission mechanism in terms of the theory of demand for money.

Teaching money, prices, income, and the quantity theory of money

Nash-bargained household decisions: Toward a generalization of the theory of demand.

References

Underlying Theory of Demand and Individual Incentives

Instability of equilibria in experimental markets: upward-sloping demands, externalities, and fad-like incentives