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Analyzing market workability with the CFD-Concept.

Publication: International Advances in Economic Research
Publication Date: 01-FEB-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Analyzing market workability with the CFD-Concept.(RESEARCH NOTE)(Coordination Failure Diagnostics Concept)(Report)

Article Excerpt
JEL L10 . L60

Whoever examines real markets in a comparative static way (in a neoclassical manner) assumes for the interpretation of the data (prize-quantity combinations) that at least a short-term equilibrium is given. However, this assumption is critical because in real markets disequilibrium prices are possible as well. To test whether the observed price is an equilibrium or disequilibrium it is required to...

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