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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.

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Book Details

ISBN: 9780521305525
ISBN-10: 0521305527
Format: Hardback
(228mm x 152mm x 29mm)
Pages: 432
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Jan-1987
Country of Publication: United Kingdom

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Books By Author Melvin L. Greenhut

Economics of Imperfect Competition by Melvin L. Greenhut

The Economics of Imperfect Competition

Paperback, January 1987
$62.06