Search results for "Price system"
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Producer's spatial equilibrium with a fuzzy constraint
1980
The classical theory of the producer’s equilibrium rests on two sets of particularly restrictive hypotheses. First it is implicitely assumed that all inputs and outputs are located in a single place where the producer is also implanted and where the production is carried out. Next it is assumed that the producer follows a precise behaviour pattern, by this we mean that the producer has complete information concerning the conditions of hisproductive activity and he has perfect command over both the set of inputs and the set of outputs; he realises the maximum profit allowed by the technological constraint which limits his possible actions and by the given price system. The aim of this study …
A Two-Sided Kingdom: A Sicily of Export and Urban Wheat Supply
2021
The Sicilian victualling system sought to guarantee both the subsistence of cities and the income of the great aristocratic landowners interested in the wheat market. A set of economic mechanisms, social practices, and political conflicts unfolded around the urban victualling offices, dealing with wheat and flour distribution, bread production, contracts for the procurement of supplies, and the price system of the mete, run by political elites. North-eastern Sicily was exclusively consumer, while the central-western area produced surpluses for the foreign market and for the rest of the island, including Palermo—the capital city—and Messina—a rich and hungry city—. The centralised office of …