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 …

the endogenousty focused price theory and limited boundaries of modern economics. It is argued in 'The Justice of the Just …The medieval notion of the just price was an outcome of neither an exclusively economic analysis nor a completely … of price and justice and how an integrated economics and ethics made for a mode of reasoning about price different from …

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

and the impact of external shocks (such as international price of oil) on the development of inflation. …

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 …