Power Structure And Its Effects In Market Behavior

Authors

  • Carlos Amat y León UP

DOI:

https://doi.org/10.21678/apuntes.5.110

Keywords:

Economic theory, interest groups, prices

Abstract

This article pose the hypothesis that the terms of trade resulting from the interaction of market forces are the expression of the power relations that exist between the interest groups of a social system. An analytical framework to test this hypothesis is applied to the case of oil prices and theoretical implications are derived for the economic models, that should consider the power variable into their theory of prices.

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Published

1976-02-27

How to Cite

Amat y León, C. (1976). Power Structure And Its Effects In Market Behavior. Apuntes. Social Sciences Journal, (5), 43–51. https://doi.org/10.21678/apuntes.5.110

Issue

Apuntes 5

Section

Articles

License

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