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Author: Hiroshi Ohta Publisher: Texas A&M University Press ISBN: Category : Business & Economics Languages : en Pages : 274
Book Description
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.
Author: Hiroshi Ohta Publisher: Texas A&M University Press ISBN: Category : Business & Economics Languages : en Pages : 274
Book Description
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.
Author: Melvin L. Greenhut Publisher: Cambridge University Press ISBN: 9780521315647 Category : Business & Economics Languages : en Pages : 432
Book Description
This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.
Author: Melvin L. Greenhut Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 616
Book Description
These volumes extend classical location theory from its least cost approach to a maximum profit framework and revitalize neoclassical microeconomics by adding a spatial dimension.
Author: Donald Stevenson Watson Publisher: ISBN: Category : Microeconomics Languages : en Pages : 456
Book Description
The theory of demand; The theory of the firm; Competitive pricing; Monopoly pricing; Pricing in imperfect competition; Incomes as prices.
Author: Gunther Maier Publisher: Springer Science & Business Media ISBN: 3642493467 Category : Business & Economics Languages : en Pages : 259
Book Description
Two areas have fascinated me for a long time. One is the micro economic theory of consumer behavior, the other one the role of space in economic processes. Usually, the two don't go together very well. In more advanced versions of microeconomic consumer theory its economic actor may face uncertainty, have to allocate resources over time, or have to take into ac count the characteristics of products, but rarely deals with space. He/she inhabits a spaceless point economy. Regional Science, on the other hand, describes and analyzes the spatial structure and development of the econ omy, but either ignores individual decision making altogether or treats it in a rather simplistic way. In this book I try to bring together these two areas of interest of mine. I do this by use of the microeconomic concept of search and placing it in an explicit spatial context. The result, in my opinion, is a theoretical concept with fascinating implications, a broad set of potential implications, and numerous interesting research questions. After reading this book, where I layout the basic idea of spatial search, describe its elements, and discuss some of its implications, I hope the reader will share this opinion. There are still plenty of unanswered research questions in this part of economic theory. Hopefully, this book will stimulate more work along these lines.
Author: Hiroshi Ohta
Author: Hiroshi Ohta
Author: Melvin L. Greenhut
Author: Gardner Ackley
Author: Melvin L. Greenhut
Author: George Norman
Author: Ohta
Author: Melvin L. Greenhut
Author: Donald Stevenson Watson
Author: William L. Holahan
Author: Gunther Maier