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Economic Theory of The Industry

Author: Michael Waterson
Publisher: CUP Archive
ISBN: 9780521286862
Category : Business & Economics
Languages : en
Pages : 260

Book Description

Economic Theory of The Industry

Author: Michael Waterson
Publisher: CUP Archive
ISBN: 9780521286862
Category : Business & Economics
Languages : en
Pages : 260

Book Description

Economic Theory and the Construction Industry

Author: Patricia M. Hillebrandt
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 256

Book Description
UK. Monograph on the economics of the construction industry - presents an economic analysis of supply and demand functions, types of cost relationship, pricing, competition, profits, etc., and covers relevant areas of economic theory. References.

Economic Theory of Industry

Author: Michael Waterson
Publisher:
ISBN:
Category :
Languages : en
Pages : 243

Book Description

The Theory of Competitive Price

Author: George Joseph Stigler
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 216

Book Description

The Economics of Industrial Innovation

Author: Christopher Freeman
Publisher: Psychology Press
ISBN: 1855670704
Category : Macroeconomics
Languages : en
Pages : 486

Book Description
First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.

Essentials of Economic Theory as Applied to Modern Problems of Industry and Public Policy

Author: John Bates Clark
Publisher: New York : Macmillan Company
ISBN:
Category : Economics
Languages : en
Pages : 600

Book Description

An Evolutionary Theory of Economic Change

Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456

Book Description
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.