The first chapter, 'elements of a price system,' explains the components of a price system and relates them to the logic of optimization in a choice problem. Chapter two, 'functions of prices,' distinguishes the various functions performed by prices and illustrates some consequences of pricing policies. Chapter three, 'properties of efficiency,' presents an ideal reference model of an efficient economy, so that actual cases of market failure can be...
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INFORMATION
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1983/03/01
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Publication
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73213
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1
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1
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2012/10/15
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Disclosed
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Pricing policy for development management
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law of diminishing return
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