The Uses of Price Theory — A Force for Good

I want to go back and discuss more a post I had a few weeks ago on the difference between a model and real life. As the question highlighted in the post shows, the model and reality can differ. In the price theory model discussed, there is no deadweight loss from a price ceiling when […]

via The Uses of Price Theory — A Force for Good

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s