The impact on price of current product quality and reputation are estimated using data from the market for Bordeaux … wine. A model is proposed in which price is a function of current quality and expected quality, where the latter depends on … reputation. Equations determining price and expected quality are estimated jointly. The empirical findings show that the price …

a strong bidder independent of the sequence of sale, then auction revenue and the price of good α is higher when good α …

Prepublication version of article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises …’s value theory. Applying an alternative valuation to the TSSI, he shows that a rising rate of profit can be deduced where the …

In the literature on firm strategy and product differentiation, consumer price-quality trade-offs are sometimes … represented using consumer “value maps”. These involve the geometric representation of indifferent price and quality combinations … as points along curves that are concave to the “quality” axis. In this paper, it is shown that the value map for price …

mainstream economic theory is its inability to two-way causal links between political institutions and the market. …

This paper is the first published critique of the indeterminacy of price-value correlations and their inadequacy as … vector of empirically-observed average price of a set of industrial sectors, and a vector of aggregate values calculated as …