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What is market force? Much attention will be given to this important question in this essay which is the third one in our work series. We pursue the development of probability economics that is defined as a new quantitative method for description, analysis, and investigation of both the model...
Persistent link: https://www.econbiz.de/10014157618
In this paper we have used probability economics as a tool of unification of the market process concept of Austrian economics and the supply and demand laws and equilibrium state concepts of neoclassical economics. The new agent-based trade maximization principle has been proposed to serve as a...
Persistent link: https://www.econbiz.de/10012937997