The Economics of Imperfect Competition
A Spatial Approach
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Economics of Imperfect Competition by Melvin L. Greenhut
Book DescriptionThis 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.
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Book DetailsISBN: 9780521305525
(228mm x 152mm x 29mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Jan-1987
Country of Publication: United Kingdom
Books By Author Melvin L. Greenhut
Economics of Imperfect Competition, Paperback (January 1987)» View all books by Melvin L. Greenhut
This book takes a different approach to traditional price theory and to the analysis of imperfect competition.
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