JOURNAL ARTICLE
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Mengenanpassung im kompetitiven Ungleichgewicht
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 3 : pp. 311–326
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Heinrich, Jürgen
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Abstract
Under the assumption of fixed disequilibrium prices the influence of realized and expected excess demand on supply and demand is analyzed. Assuming that the rationing scheme in disequilibrium will be such, that realized transactions are proportional to ordered and offered quantities, it is shown, that sellers and demanders order or offer quantities, which are bigger than notional quantities. Costs of ordering or offering limit the process of quantity-adjustments.