The Economics of Imperfect Competition: A Spatial Approach - Hardcover

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

Hardcover

ISBN 10: 0521305527 ISBN 13: 9780521305525

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 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.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1987
• Language: English
• ISBN 10: 0521305527
• ISBN 13: 9780521305525
• Binding: Hardcover
• Number of pages: 432