The Circular and Cumulative Structure of Administered Pricing
Mark W. Nichols
University of Nevada, Reno
Oleg V. Pavlov
Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies
Michael J. Radzicki
Worcester Polytechnic Institute (WPI)
Journal of Economics Issues. Vol. 40, No. 2, pp. 517-526, 2006
The purpose of this paper is to report on the administered pricing subsector of a Post Keynesian-institutionalist-system dynamics (PKI-SD) "core" model that is currently under development by the authors. When complete, the model will be used to examine the dynamics of heterodox economic theory as well as to test the implications of heterodox policy alternatives.
Number of Pages in PDF File: 13Accepted Paper Series
Date posted: October 24, 2008 ; Last revised: July 28, 2013
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