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Excerpt from Price Determination Processes: Issues and Evaluation
Terms used in the title may bring different concepts to the minds of different individuals. The definitions of these terms as used in this section follow: Price discovery refers to a process by which buyers and sellers arrive at a specific price. A buyer or seller may have no control, little control, or great control over the price arrived at, but in all cases the process will involve an attempt to discover the best price for the particular conditions, including those of place and time, under which the buyer and seller find themselves.
Price determination deals with the theory' of pricing and the manner in which economic forces influence prices under various market structures and over various periods of time.
Mechanisms refers to institutions, structural arrangements, and tools used by participants in the process of price determination. They are part of the price discovery process.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Excerpt from Price Determination Processes: Issues and Evaluation
Terms used in the title may bring different concepts to the minds of different individuals. The definitions of these terms as used in this section follow: Price discovery refers to a process by which buyers and sellers arrive at a specific price. A buyer or seller may have no control, little control, or great control over the price arrived at, but in all cases the process will involve an attempt to discover the best price for the particular conditions, including those of place and time, under which the buyer and seller find themselves.
Price determination deals with the theory' of pricing and the manner in which economic forces influence prices under various market structures and over various periods of time.
Mechanisms refers to institutions, structural arrangements, and tools used by participants in the process of price determination. They are part of the price discovery process.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Price Determination Processes: Issues and Evaluation (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book is an indispensable resource for those interested in developing a comprehensive understanding of the mechanisms and processes involved in price determination for agricultural products. Beginning with an examination of the relationship between trading systems and their performance, the author presents a set of criteria for evaluating the performance of transaction systems, including considerations such as price stability, competition, and the satisfaction of buyers and sellers. Further chapters detail various existing price discovery processes currently employed in agriculture, from organized exchanges and futures markets to formula pricing, committee pricing, and group bargaining. Crucially, the author also explores the impact of policy decisions and industry trade organization choices on the viability and performance of these different arrangements. The book concludes that the optimal price discovery process and mechanism will depend on the specific commodity and market conditions, emphasizing the need for careful evaluation and consideration of the potential consequences of alternative arrangements. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780260640291_0
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