PhillyNucksFan
Registered User
ODC said:Well, I guess in that respect it is. You're saying there's no owner so there's really no curve to talk about being elastic or inelastic ... right ?
And joechip is one of those economic nerdytypes I was referring to when I mentioned Keynesian vs Hayakism. Personally I think they are both valid methods depending on the state of the economy. Keynesian methodologies may not be the flava of the month anymore but some of the 3rd world nations need the forced stability in their economy. Especially with globalization.
Too much thinking, playstation time.
Pretty much, regardless of yes or no owner, since one of the main reasons why i say, from a third person side, the deman is inelastic as in the numbers of people who are hiring vs the numbers of people who are looking to be hired. I am not talking about the demand as per product, which your theory would be true that, if a certain player (sakic) drops to 1M/year, demand for him increases. Im not saying that. I am only looking at the Aggregate Demand vs Aggregate Supply, AD vs AS in general. There are only 30 owners, fixed, period, regaradless how supplys change. If this is true, then the owners must be inelastic because there is no response to the supply from owners.