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Author: Melvin L. Greenhut
Publisher: Cambridge University Press
ISBN: 9780521315647
Category : Business & Economics
Languages : en
Pages : 432
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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.
Author: Melvin L. Greenhut
Publisher: Cambridge University Press
ISBN: 9780521315647
Category : Business & Economics
Languages : en
Pages : 432
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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.
Author: Hiroshi Ohta
Publisher: Texas A&M University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta's findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author's careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition.
Author: Melvin L. Greenhut
Publisher: Durham, N.C. : Duke University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
Author: George Norman
Publisher: Taylor & Francis
ISBN: 9780850861211
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
Author: Joan Robinson
Publisher: Springer
ISBN: 1349153206
Category : Business & Economics
Languages : en
Pages : 359
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Book Description
Author: Melvin L. Greenhut
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 616
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Book Description
These volumes extend classical location theory from its least cost approach to a maximum profit framework and revitalize neoclassical microeconomics by adding a spatial dimension.
Author: Patrick T. Harker
Publisher: Springer
ISBN: 9783540156819
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The problem of predicting interregional commodity movements and the regional prices of these commodities has intrigued economists, geographers and operations researchers for years. In 1838, A. A. Cournot (1838) discussed the equilibrium of trade between New York and Paris and noted how the equilibrium prices depended upon the transport costs. Enke (1951) recognized that this problem of predicting interregional flows and regional prices could be formulated as a network problem, and in 1952, . Paul Samuelson (1952) used the then recent advances in mathe matical programming to formalize the spatial price equilibrium problem as a nonlinear optimization problem. From this formula tion, Takayama and Judge (1964) derived their quadratic program ming representation of the spatial price equilibrium problem, which they and other scholars then applied to a wide variety of problem contexts. Since these early beginnings, the spatial price equilibrium problem has been widely studied, extended and applied; the paper by Harker (1985) reviews many of these results. In recent years, there has been a growing interest in this problem, as evidenced by the numerous publications listed in Harker (1985). The reasons for this renewed interest are many. First, new applications of this concept have arisen which challenge the theoretical underpinnings of this model. The spatial price equilibrium concept is founded on the assumption of perfect or pure competition. The applications to energy markets, steel markets, etc. have led scholars to rethink the basic structure of this model.
Author: Thin Tun
Publisher: Harvard University Press
ISBN: 9780674880801
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets--perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly. Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements--hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.
Author: Donald Stevenson Watson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
Author: Stephan John Nash
Publisher: Routledge
ISBN: 0429873182
Category : Social Science
Languages : en
Pages : 205
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Book Description
First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.
