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:
“Why is it that many contemporary male thinkers, especially men of color, repudiate the imperialist legacy of Columbus but affirm dimensions of that legacy by their refusal to repudiate patriarchy?”
—bell hooks (b. c. 1955)