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The Economics of Imperfect Competition

The Economics of Imperfect Competition
A Spatial Approach

$44.99 (C)

  • Date Published: January 1987
  • availability: Available
  • format: Paperback
  • isbn: 9780521315647

$ 44.99 (C)

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About the Authors
  • 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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    Product details

    • Date Published: January 1987
    • format: Paperback
    • isbn: 9780521315647
    • length: 432 pages
    • dimensions: 229 x 152 x 24 mm
    • weight: 0.63kg
    • contains: 114 b/w illus. 20 tables
    • availability: Available
  • Table of Contents

    List of figures and tables
    1. Introduction
    Part I. Nondiscriminatory Pricing:
    2. A general theory of imperfect competition and nondiscriminatory pricing: the short run
    3. A general theory of imperfect competition and nondiscriminatory pricing: the long run
    4. Nondiscriminatory prices, economic development, and merger policies
    5. Product differentiation: a spatial f.o.b. perspective
    Part II. Discriminatory Pricing:
    6. Discriminatory pricing and alternative demand conditions
    7. Alternative pricing policies
    8. Discriminatory pricing and market overlap
    9. Intraindustry trade: a spatial approach
    10. Optimal pricing with delivered-price or transport constraints
    11. International and intranational pricing with a general cost function: an introduction to optimal-control theory
    12. Dynamic market strategy: further application of optimal-control theory
    13. Heterogeneous prices and heterogeneous goods
    14. Empirical findings on alternative pricing policies: demand and competitive impacts
    Part III. Pricing, Location, and Competition:
    15. General location and market-area principles
    16. Pricing, demand distribution, and location choice
    17. Optimal location in nonspatial markets: a spatial approach
    18. Competition, free entry, and long-run profit
    19. An efficient long-run allocative equilibrium
    20. Long-run locational equilibrium
    21. Epilogue
    Author index
    Subject index.

  • Authors

    Melvin L. Greenhut, Texas A & M University

    George Norman, University of Leicester

    Chao-Shun Hung, Florida Atlantic University

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