The Timing of Economic Activities - Firms, Households and Markets in Time-Specific Analysis (Paperback)

This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory. What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	August 2008
First published:	August 2008
Authors:	Gordon C. Winston
Dimensions:	229 x 152 x 20mm (L x W x T)
Format:	Paperback - Trade
Pages:	360
ISBN-13:	978-0-521-07092-8
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Promotions
LSN:	0-521-07092-9
Barcode:	9780521070928

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