SciELO - Scientific Electronic Library Online

 
vol.29 número2Uma análise do dilema da persistência da inflação de serviços no BrasilAvaliação do impacto do processo de seleção de diretores em escolas públicas brasileiras índice de autoresíndice de assuntospesquisa de artigos
Home Pagelista alfabética de periódicos  

Serviços Personalizados

Journal

Artigo

Indicadores

Links relacionados

Compartilhar


Nova Economia

versão impressa ISSN 0103-6351versão On-line ISSN 1980-5381

Resumo

ANDRADE, Rogerio P. de  e  PALLUDETO, Alex Wilhans Antonio. Institutional aspects of price formation. Nova econ. [online]. 2019, vol.29, n.2, pp.565-590.  Epub 10-Out-2019. ISSN 1980-5381.  https://doi.org/10.1590/0103-6351/3119.

According to the traditional view of price formation, prices are the result of the interactions of supply and demand. An equilibrium price is one where the quantity demanded equals the quantity supplied. The price system provides a mechanism whereby changes in supply and demand conditions affect the allocative efficiency of resources. However, in an important measure, prices are not completely determined in the market by supply and demand, but by other factors such as power, market structures, conventions, rules, routines etc. The purpose of this paper is to investigate the role and influence of a variety of institutions in the pricing process, with particular emphasis on conventions.

Palavras-chave : pricing; institutions; conventions; heterodox economics.

        · resumo em Português     · texto em Português     · Português ( pdf )