Thanks Gil. I came up with this question right when I read the following essay
http://infoshop.org/faq/secC1.html#secc11 I realized after posting it that if you postulate all the combinations of price and COP, then everything can be determined. By the way, I tried to request your doctoral dissertation from University of Michigan on Interlibrary Loan but they denied it. Do you know if there is a way to see it without physically going to there? > Hey Walt, > > > > OK, so now you add a new feedback loop in the simultaneous or sequential > determination of prices. Still no necessary circularity. > >>Is this a circularity or is it resolvable? > > Theoretically, at least, resolvable. > > FWIW, > > Gil >
