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:
“... contemporary black women felt they were asked to choose between a black movement that primarily served the interests of black male patriarchs and a women’s movement which primarily served the interests of racist white women.”
—bell hooks (b. c. 1955)