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, ...
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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 ... 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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