Accounting for demand-effects in input-output price-models

Szerzők

  • Tamás RÉVÉSZ Ministry of Economic Affairs, Hungary

Absztrakt

Input-output price-models traditionally concentrate on the cost-component of price formation rules. This includes a mechanism determining which factors' costs and/or returns will be built into the price of the products. Prices which do not fit to this standard treatment are given either exogenously or determined residually.

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2020-01-30

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