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In the 1960s, Vernon L. Smith developed market experiments based on inducing known Supply and Demand curves into a group of human subjects through conditional cash payments, and then observing the patterns of bids, asks, and trades in a market setting (1962, American Economic Review). For this and other work based strongly on supply/demand experiments and competitive market models that rely upon rational profit-seeking behavior, he shared the 2002 Nobel Memorial Prize in Economic Sciences. His work, along with numerous others, helped to found the specialty of Experimental Economics. — Preceding unsigned comment added by 66.18.52.166 ( talk • contribs) 07:38, 17 September 2019 (UTC)
I'd like to point out supply and demand is not limited to the neoclassical school, only price determination using Marshall's curves is. Indeed, as the history section points out, classical economists like Smith and Ricardo made frequent reference to supply and demand. As did Marx. KetchupSalt ( talk) 11:38, 22 December 2021 (UTC)
What demand and supply 41.204.146.210 ( talk) 19:06, 19 January 2022 (UTC)
smooth curve
Q ( P ) = 3 P − 2 {\displaystyle Q(P)=3P^{-2}} seems imho to be a poor choice since it has Q decreasing as P increases. JdelaF ( talk) — Preceding undated comment added 17:05, 26 October 2022 (UTC)
I reverted Avatar317 's removed content on "A positive feedback supply and demand model" because I have found several good references on that model. Before I could add those references MrOllie undid my revision. MrOllie suggested me to post here, so that other editors can see and take necessary action accordingly.
I am listing the references for your consideration to restore the content.
Some examples of positive feedback is that popular products tend to become even more popular:
Bradelykooper ( talk) 20:00, 31 March 2024 (UTC)
This is the
talk page for discussing improvements to the
Supply and demand article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives:
1,
2,
3Auto-archiving period: 365 days
![]() |
![]() | This ![]() It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||||||||
|
![]() | This article was nominated for merging with Demand curve on 19 September 2020. The result of the discussion was a weak consensus to merge. |
![]() | Supply and demand is a former featured article. Please see the links under Article milestones below for its original nomination page (for older articles, check the nomination archive) and why it was removed. | |||||||||||||||
![]() | This article appeared on Wikipedia's Main Page as Today's featured article on December 15, 2004. | |||||||||||||||
| ||||||||||||||||
Current status: Former featured article |
Archive 1 - Pre-November 2006 |
This page has archives. Sections older than 365 days may be automatically archived by Lowercase sigmabot III when more than 5 sections are present. |
![]() | There is a request, submitted by Chameleon, for an audio version of this article to be created. For further information, see WikiProject Spoken Wikipedia. The rationale behind the request is: "Previously requested". |
In the 1960s, Vernon L. Smith developed market experiments based on inducing known Supply and Demand curves into a group of human subjects through conditional cash payments, and then observing the patterns of bids, asks, and trades in a market setting (1962, American Economic Review). For this and other work based strongly on supply/demand experiments and competitive market models that rely upon rational profit-seeking behavior, he shared the 2002 Nobel Memorial Prize in Economic Sciences. His work, along with numerous others, helped to found the specialty of Experimental Economics. — Preceding unsigned comment added by 66.18.52.166 ( talk • contribs) 07:38, 17 September 2019 (UTC)
I'd like to point out supply and demand is not limited to the neoclassical school, only price determination using Marshall's curves is. Indeed, as the history section points out, classical economists like Smith and Ricardo made frequent reference to supply and demand. As did Marx. KetchupSalt ( talk) 11:38, 22 December 2021 (UTC)
What demand and supply 41.204.146.210 ( talk) 19:06, 19 January 2022 (UTC)
smooth curve
Q ( P ) = 3 P − 2 {\displaystyle Q(P)=3P^{-2}} seems imho to be a poor choice since it has Q decreasing as P increases. JdelaF ( talk) — Preceding undated comment added 17:05, 26 October 2022 (UTC)
I reverted Avatar317 's removed content on "A positive feedback supply and demand model" because I have found several good references on that model. Before I could add those references MrOllie undid my revision. MrOllie suggested me to post here, so that other editors can see and take necessary action accordingly.
I am listing the references for your consideration to restore the content.
Some examples of positive feedback is that popular products tend to become even more popular:
Bradelykooper ( talk) 20:00, 31 March 2024 (UTC)