A Functioning Price System

Jörg J. Dötsch ()
Additional contact information
Jörg J. Dötsch: Andrássy University Budapest

Chapter Chapter 4 in Economic Policy in the Digital Age, 2024, pp 45-67 from Springer

Abstract: Abstract This chapter outlines the outstanding importance of the price system and briefly discusses the corresponding conditions. It examines the extent to which digital technology makes a difference. In a first step, it focuses on how prices are formed in concrete terms and to what extent digitalisation has a transformational effect in this context, e.g. with regard to the new level of transparency, prices set by algorithms, price discrimination and dynamic pricing. The chapter then discusses the consequences for economic policy and explains the extent to which there is a crucial link between the price system and the normative foundations of the economy.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-53047-0_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031530470

DOI: 10.1007/978-3-031-53047-0_4

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().