Timing of Economic Activities by Gordon C. Winston
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Timing of Economic Activities
By Gordon C. Winston

The Timing of Economic Activities

Firms, Households and Markets in Time-specific Analysis

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Format: Paperback

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Timing of Economic Activities by Gordon C. Winston

Book Description

This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory. What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.

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Book Details

ISBN: 9780521070928
ISBN-10: 0521070929
Format: Paperback
(228mm x 152mm x 20mm)
Pages: 360
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Aug-2008
Country of Publication: United Kingdom

Other Editions...


Books By Author Gordon C. Winston

Boundaries of Economics by Gordon C. Winston Boundaries of Economics, Paperback (November 2005)

These essays attempt to place neoclassical economic theory, especially conventional textbook micro-economic theory, in the broader context of other social sciences and modern economics.

» View all books by Gordon C. Winston

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