The Economics of Imperfect Competition

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.

Author: Melvin L. Greenhut, George Norman, Chao-Shun Hung
Publisher: Cambridge University Press
Published: 01/30/1987
Pages: 432
Binding Type: Hardcover
Weight: 1.50lbs
Size: 9.50h x 6.10w x 1.00d
ISBN: 9780521305525