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The Economics of Imperfect Competition : A Spatial Approach - Melvin L. Greenhut

The Economics of Imperfect Competition

A Spatial Approach

Hardcover

Published: 30th January 1987
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This book takes a new approach to traditional price theory and to the analysis of imperfect competition. It represents a breakthrough in the development of a 'new' 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 intraindustry trade and of the multinational enterprise. A major concern of The Economics of Imperfect Competition: A Spatial Approach 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, antimerger policies, and antidumping legislation. In particular, the authors have addressed issues that are of increasing concern to specialists, researchers, policy makers, and students in the areas of price theory, industrial organization, international trade, and regional and urban economics.

List of figures and tables
Preface
Introduction
Nondiscriminatory Pricing
A general theory of imperfect competition and nondiscriminatory pricing: the short run
A general theory of imperfect competition and nondiscriminatory pricing: the long run
Nondiscriminatory prices, economic development, and merger policies
Product differentiation: a spatial f.o.b. perspective
Discriminatory Pricing
Discriminatory pricing and alternative demand conditions
Alternative pricing policies
Discriminatory pricing and market overlap
Intraindustry trade: a spatial approach
Optimal pricing with delivered-price or transport constraints
International and intranational pricing with a general cost function: an introduction to optimal-control theory
Dynamic market strategy: further application of optimal-control theory
Heterogeneous prices and heterogeneous goods
Empirical findings on alternative pricing policies: demand and competitive impacts
Pricing, Location, and Competition
General location and market-area principles
Pricing, demand distribution, and location choice
Optimal location in nonspatial markets: a spatial approach
Competition, free entry, and long-run profit
An efficient long-run allocative equilibrium
Long-run locational equilibrium
Epilogue
Notes
Bibligraphy
Author index
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521305525
ISBN-10: 0521305527
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 432
Published: 30th January 1987
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.9
Weight (kg): 0.8