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Books > Business & Economics > Economics > Microeconomics
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The Economics of Imperfect Competition - A Spatial Approach (Paperback)
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The Economics of Imperfect Competition - A Spatial Approach (Paperback)
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This work approaches traditional price theory and the analysis of
imperfect competition, to represent a breakthrough in the
development of 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 intra-industry trade and of
the multinational enterprise. A major concern of this volume is to
make these analogies explicit by applying this spatial analysis to
a wide variety of nonspatial problems. In addition, the analysis
and results presented in this book are shown to carry signficant
policy implications with respect, for example, to the
Robinson-Patman legislation, anti-merger policies, and anti-dumping
legislation.
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