The Economics of Imperfect Competition: A Spatial Approach

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

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 0521315646
• ISBN13: 9780521315647
• Release Date: January 1987
• Publisher: Cambridge University Press
• Length: 432 Pages
• Weight: 1.30 lbs.
• Dimensions: 0.9" x 5.9" x 8.9"