What is the field of economics, perhaps a category of pricing theory,
that addresses the discrete nature of prices? Aside from the limit
of discrete pricing corresponding to the monetary unit, that is. For
instance, my rent will increase from $1100/ month to $1175. The
landlord is not likely to increase it to $1152.34, even if that is
the equilibrium point for rent. Also, candy bars used to cost 35
cents, then went up to 50 cents, then 65 or 75 cents, without ever
having been priced at 38 cents, or any other amount in between.
John
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John A. Viator, Ph.D.
Beckman Laser Institute & Medical Clinlic
1002 Health Sciences Road East
University of California, Irvine
Irvine, CA 92612
Email: [EMAIL PROTECTED]
Phone: 949-824-3754
Fax: 949-824-8413
