Contemporary Reformulation
Game theory and models of strategic interaction have largely replaced kinked demand to explain price dislocations and slowly adjusting prices. For further information see:
Read more about this topic: Kinked Demand
Famous quotes containing the word contemporary:
“Men are so charmed with valor that they have pleased themselves with being called lions, leopards, eagles and dragons, from the animals contemporary with us in the geologic formations.”
—Ralph Waldo Emerson (1803–1882)