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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis - Softcover
Synopsis
This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory. What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.
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Book Description
This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory.
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- PublisherCambridge University Press
- Publication date2008
- ISBN 10 0521070929
- ISBN 13 9780521070928
- BindingPaperback
- Edition number1
- Number of pages360
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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis
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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis
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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis
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ISBN 13: 9780521070928
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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis
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ISBN 13: 9780521070928
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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis
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ISBN 13: 9780521070928
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