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:
“The attraction of horror is a mental, or even an intellectual, excitement, but the fascination of the repulsive, so noticeable in contemporary writing, can spring openly from some rotted substance within our civilization ...”
—Ellen Glasgow (1873–1945)