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EXERCISE 8.10 THE FULTON FISH MARKET Watch Kathryn Graddy's video . How does she explain her evidence that the law of one price did not
EXERCISE 8.10 THE FULTON FISH MARKET
Watch Kathryn Graddy's video.
- How does she explain her evidence that the law of one price did not hold in the fish market?
- Why did buyers and sellers not look for better deals?
- Why did new dealers not enter the market in pursuit of economic rents?
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
