comisar de preţ

English translation: (Walrasian) auctioneer

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Romanian term or phrase:comisar de preţ
English translation:(Walrasian) auctioneer
Entered by: Cornelia Serban

12:59 Jan 6, 2009
Romanian to English translations [PRO]
Bus/Financial - Economics / microeconomics
Romanian term or phrase: comisar de preţ
Context:

"În modelul walrasian tradiţional schimbul are loc după o succesiune de tatonări ale ofertei şi cererii, ***comisarul de preţuri*** anunţând la sfârşit preţul de echilibru, în realitate agenţii nu dispun de nici un element care să le permită o distincţie între preţul de echilibru şi un preţ întâmplător sau eronat.

Ei nu pot stabili preţurile decât după o perioadă de timp în care au posibilitatea de a se informa, schimbul economic nerămânând fix în afara acestei perioade de informaţie deoarece producţia continuă, alte schimburi au loc şi mai ales o mare parte din timpul disponibil este deja alocat pentru culegerea de informaţii. Prin confruntarea noilor informaţii agentul economic va analiza, în funcţie de informaţia trecută, strategia ce trebuie urmată în viitor."

Multumesc anticipat.
Cornelia
Cornelia Serban
Canada
(Walrasian) auctioneer
Explanation:
The Walrasian auctioneer is the presumed auctioneer that matches supply and demand in a market of perfect competition. The auctioneer provides for the features of perfect competition: perfect information and no transaction costs.

http://en.wikipedia.org/wiki/Walrasian_auction
Selected response from:

Vera Costea
Canada
Local time: 01:13
Grading comment
Mulţumesc.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3(Walrasian) auctioneer
Vera Costea


  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
(Walrasian) auctioneer


Explanation:
The Walrasian auctioneer is the presumed auctioneer that matches supply and demand in a market of perfect competition. The auctioneer provides for the features of perfect competition: perfect information and no transaction costs.

http://en.wikipedia.org/wiki/Walrasian_auction

Vera Costea
Canada
Local time: 01:13
Native speaker of: Romanian
PRO pts in category: 8
Grading comment
Mulţumesc.

Peer comments on this answer (and responses from the answerer)
agree  RODICA CIOBANU
5 mins
  -> mulțumesc

agree  anamaria bulgariu
11 mins
  -> mulțumesc

agree  Ovidiu Martin Jurj
14 mins
  -> mulțumesc
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