ISBN: 9780890963722

Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglecte… More...

Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta´s findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author´s careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition. Spatial Price Theory of Imperfect Competition Buch (fremdspr.) gebundene Ausgabe 01.05.1988 Bücher>Fremdsprachige Bücher>Englische Bücher, Texas A & M Univ Pr, .198<

ISBN: 9780890963722

Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglecte… More...

Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta´s findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author´s careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition. Spatial Price Theory of Imperfect Competition Buch (fremdspr.) Bücher>Fremdsprachige Bücher>Englische Bücher, Texas A & M Univ Pr<

ISBN: 9780890963722

Hardback, [PU: Texas A & M University Press], Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the ec… More...

Hardback, [PU: Texas A & M University Press], Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta's findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author's careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition., Microeconomics, Microeconomics<

1988, ISBN: 9780890963722

Hardcover

Texas A&M University Press, Gebundene Ausgabe, Auflage: 1st, 254 Seiten, Publiziert: 1988-06-01T00:00:01Z, Produktgruppe: Buch, 1.35 kg, Wirtschaftslehre, Wirtschaft, Business & Karriere,… More...

Texas A&M University Press, Gebundene Ausgabe, Auflage: 1st, 254 Seiten, Publiziert: 1988-06-01T00:00:01Z, Produktgruppe: Buch, 1.35 kg, Wirtschaftslehre, Wirtschaft, Business & Karriere, Kategorien, Bücher, Texas A&M University Press, 1988<

1988, ISBN: 9780890963722

Buch, Hardcover, [PU: Texas A & M University Press], Texas A & M University Press, 1988