The Economics of Imperfect Competition: A Spatial Approach - Softcover

Greenhut, Melvin L.; Norman, George; Hung, Chao-Shun

Softcover

ISBN 10: 0521315646 ISBN 13: 9780521315647

Publisher: Cambridge University Press, 1987

Synopsis

This book takes a different approach to traditional price theory and to the analysis of imperfect competition. It represented a breakthrough in the development of a 'new' microeconomic theory. Increasingly, it has been recognized that the perfectly competitive paradigm is inappropriate to the explanation of pricing behaviour in many 'real life' markets characterized by a significant separation between producers and consumers. The spatial perspective adopted by the authors provides a natural separation of markets, but provides as well a powerful analogy for apparently nonspatial issues such as product differentiation, pricing over time, problems of storage and transportation, and the economics of intraindustry trade and of the multinational enterprise. A major concern of The Economics of Imperfect Competition: A Spatial Approach is to make these analogies explicit by applying this spatial analysis to a wide variety of nonspatial problems.

About this title

Book Description

This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1987
• Language: English
• ISBN 10: 0521315646
• ISBN 13: 9780521315647
• Binding: Paperback
• Number of pages: 432