The Economics of Imperfect Competition: A Spatial Approach

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

ISBN 10: 0521315646 / ISBN 13: 9780521315647

Published by Cambridge University Press, 1987

About this Item

408pp. Inked signature inside front cover, else very good condition with text clean & binding tight.

Seller Inventory # 137064

Bibliographic Details

• Title: The Economics of Imperfect Competition: A Spatial Approach
• Publisher: Cambridge University Press
• Publication Date: 1987
• Language: English
• ISBN 10: 0521315646
• ISBN 13: 9780521315647
• Binding: Paperback
• Seller catalogs:
  • Economics

About this title

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.

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.