Chapter

The FixPrice Method

John Hicks

in Methods of Dynamic Economics

Published in print October 1987 | ISBN: 9780198772873
Published online November 2003 | e-ISBN: 9780191596438 | DOI: http://dx.doi.org/10.1093/0198772874.003.0008
 The FixPrice Method

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This chapter discusses the Fixprice method. It compares the method to the Temporary Equilibrium method. It considers the inherent tendency of the Fixprice method to ‘go macro’. It addresses questions such as: What is the Fixprice theory of the working of a single market? In what ways does it differ from a Flexprice theory?

Keywords: Fixprice method; Temporary Equilibrium method; economic theory

Chapter.  3252 words. 

Subjects: Macroeconomics and Monetary Economics

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