The Economics of Imperfect Competition

The Economics of Imperfect Competition
Author: Melvin L. Greenhut
Publisher: Cambridge University Press
Total Pages: 432
Release: 1987-01-30
Genre: Business & Economics
ISBN: 9780521315647

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.

The Economics of New Goods

The Economics of New Goods
Author: Timothy F. Bresnahan
Publisher: University of Chicago Press
Total Pages: 508
Release: 2008-04-15
Genre: Business & Economics
ISBN: 0226074188

New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.

Modeling and Forecasting Primary Commodity Prices

Modeling and Forecasting Primary Commodity Prices
Author: Walter C. Labys
Publisher: Routledge
Total Pages: 247
Release: 2017-03-02
Genre: Business & Economics
ISBN: 1351917080

Recent economic growth in China and other Asian countries has led to increased commodity demand which has caused price rises and accompanying price fluctuations not only for crude oil but also for the many other raw materials. Such trends mean that world commodity markets are once again under intense scrutiny. This book provides new insights into the modeling and forecasting of primary commodity prices by featuring comprehensive applications of the most recent methods of statistical time series analysis. The latter utilize econometric methods concerned with structural breaks, unobserved components, chaotic discovery, long memory, heteroskedasticity, wavelet estimation and fractional integration. Relevant tests employed include neural networks, correlation dimensions, Lyapunov exponents, fractional integration and rescaled range. The price forecasting involves structural time series trend plus cycle and cyclical trend models. Practical applications focus on the price behaviour of more than twenty international commodity markets.

Spatial Search

Spatial Search
Author: Gunther Maier
Publisher: Springer Science & Business Media
Total Pages: 259
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642493467

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.

Imperfect Competition And Political Economy

Imperfect Competition And Political Economy
Author: Colin Carter
Publisher: CRC Press
Total Pages: 282
Release: 2019-04-24
Genre: Science
ISBN: 0429714483

This book presents International Agricultural Trade Research Consortium commissioned papers. The papers systematically explore the conceptual and empirical dimensions of the new trade theory and try to determine the potential application to agricultural trade and trade policy analysis.

A Theory of the Firm in Economic Space

A Theory of the Firm in Economic Space
Author: Melvin L. Greenhut
Publisher: Ashgate Publishing
Total Pages: 389
Release: 1992
Genre: Corporations
ISBN: 9780751200744

This book agrees with the assertion that neo-classical economics offers vital descriptive and explanatory insights. However, the properties of the theory are quite unrealistic. As in chemistry, physics, and other disciplines, scientific advances require willingness to challenge old theories, and to discard them when they fail to resolve selected problems. The basic purpose of A Theory of the Firm in Economic Space is to move towards a new microecocomics, one which adds distance to time in its framework. The result is a focus on oligopoly markets and a more realistic system of thought than that embodied in neo-classical microeconomics.

Economics of Agglomeration

Economics of Agglomeration
Author: Masahisa Fujita
Publisher: Cambridge University Press
Total Pages: 484
Release: 2002-05-02
Genre: Business & Economics
ISBN: 9780521805247

This book provides the first unifying treatment of the range of economic reasons for the clustering of firms and households. Its goal is to explain further the trade-off between various forms of increasing returns and different types of mobility costs. Although referring to agglomeration as a generic term is convenient, it should be noted that the concept of economic agglomeration refers to distinct real world situations. The main focus of the treatment is on cities, but it also explores the formation of agglomerations, such as commercial districts within cities, industrial clusters at the regional level, and the existence of imbalance between regions. The book is rooted within the realm of modern economics and borrows concepts from geography and regional science, which makes it accessible to a broad audience formed by economists, geographers, regional planners, and other scientists. It may be used in coursework for graduate students and upper-level undergraduates.