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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Economics of Imperfect Competition: A Spatial Approach

The Economics of Imperfect Competition: A Spatial Approach

Greenhut, Melvin L.
Norman, George
Hung, Chao-Shun

Paperback

Business GeneralLabor

ISBN10: 0521315646
ISBN13: 9780521315647
Publisher: Cambridge
Published: Jan 30 1987
Pages: 432
Weight: 1.25
Height: 0.90 Width: 5.90 Depth: 8.90
Language: English
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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