Note 16 — Chapter X · PRICE
Reading edition
To be exact, this limit may be more closely drawn. Böhm-Bawerk’s law is that the price is determined between the valuation of the last buyer and that of the first excluded seller as Higher Limit, and the valuations of the last seller and first excluded buyer as Lower Limit, viz. between the valuations of the Marginal Pairs. But, for reasons which will shortly be evident, it is scarcely worth while adding to the difficulty of the subject by too great exactness.