“price mechanism”的概念、定义、翻译、参考文献-科学参考

price mechanism

Geography

The regulation of economic activity by supply. Hayek (1945) Amer. Econ. Rev. 35 described the price mechanism as ‘that division of labour on which our civilization is based’. The spatial impossibility theorem tells us that price mechanism does not work in a homogeneous spatial economy (Ottaviano and Thiesses (2005) Env. & Plan. A 37, 10. Pricing policies are the arrangements whereby prices of commodities to the consumer are determined; see, for example, Arentze and Timmermans (2007) J. Transp. Geog. 15, 1.

Economics

An expression referring to the role of prices in a market economy in conveying information, providing incentives, guiding choices, and allocating resources. The ‘market mechanism’ is an alternative phrase with the same interpretation. The prices people are willing to pay for goods and services convey information about how much they value them, and the prices producers ask convey information about how their inputs are valued. The price mechanism provides incentives to allocate resources where their value is highest, and to satisfy wants from the cheapest sources.

单词	price mechanism
释义	price mechanism Geography The regulation of economic activity by supply. Hayek (1945) Amer. Econ. Rev. 35 described the price mechanism as ‘that division of labour on which our civilization is based’. The spatial impossibility theorem tells us that price mechanism does not work in a homogeneous spatial economy (Ottaviano and Thiesses (2005) Env. & Plan. A 37, 10. Pricing policies are the arrangements whereby prices of commodities to the consumer are determined; see, for example, Arentze and Timmermans (2007) J. Transp. Geog. 15, 1. Economics An expression referring to the role of prices in a market economy in conveying information, providing incentives, guiding choices, and allocating resources. The ‘market mechanism’ is an alternative phrase with the same interpretation. The prices people are willing to pay for goods and services convey information about how much they value them, and the prices producers ask convey information about how their inputs are valued. The price mechanism provides incentives to allocate resources where their value is highest, and to satisfy wants from the cheapest sources.
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