The Economics of Imperfect Competition

A Spatial Approach

Melvin L Greenhut author George Norman author Chao-Shun Hung author

Format:Hardback

Publisher:Cambridge University Press

Published:30th Jan '87

Currently unavailable, and unfortunately no date known when it will be back

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The Economics of Imperfect Competition cover

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.

ISBN: 9780521305525

Dimensions: 229mm x 152mm x 29mm

Weight: 800g

432 pages