In Spatial Microeconomics , Melvin L. Greenhut argues that sellers in a space economy have the power to set prices, and that this power stems naturally from the geographic separation of markets. Focusing on differentiated markets, this collection of his acclaimed essays reveals that even the pricing of services, electrical power and many other goods - although not distance related per se - can be analysed from a spatial perspective. Professor Greenhut demonstrates and empirically indicates how and why modern firms price ...
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In Spatial Microeconomics , Melvin L. Greenhut argues that sellers in a space economy have the power to set prices, and that this power stems naturally from the geographic separation of markets. Focusing on differentiated markets, this collection of his acclaimed essays reveals that even the pricing of services, electrical power and many other goods - although not distance related per se - can be analysed from a spatial perspective. Professor Greenhut demonstrates and empirically indicates how and why modern firms price heterogeneously over differentiated markets. The spatial framework sheds light on the impact of mergers and antitrust legislation as well as on international trade and other issues. These essays are intended to revitalize neoclassical microeconomics by adding a spatial dimension and so making purely and monopolistically competitive frameworks irrelevant. No other collection of essays points uniquely to the need to reformulate microeconomics on the basis of time and space. Spatial Microeconomics and its companion volume, Location Economics , will be welcomed by students, teachers and practitioners of economics for improving access to Professor Greenhut's many important essays and papers.
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Add this copy of Spatial Microeconomics: Theoretical Underpinnings and to cart. $127.72, good condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1995 by Edward Elgar.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 1100grams, ISBN: 1858981379.
