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 ...
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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.
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Add this copy of Spatial Price Theory of Imperfect Competition to cart. $3.00, very good condition, Sold by Business History rated 1.0 out of 5 stars, ships from Erlanger, KY, UNITED STATES, published 1988 by Texas A&M University Press.
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Very good in very good dust jacket. Sewn binding. Cloth over boards. With dust jacket. 254 p. Texas A&m University Economics, 8. Audience: General/trade.
Add this copy of Spatial Price Theory of Imperfect Competition to cart. $21.50, like new condition, Sold by Thomas Dorn, ABAA rated 5.0 out of 5 stars, ships from Canton, GA, UNITED STATES, published 1988 by College Station: Texas A&M University Press (1988)..
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1988, College Station: Texas A&M University Press (1988).
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Very good. 8vo, hardcover. Vg+ condition in near fine dj. Prev. owner's inscription on endpaper, contents bright, crisp & clean, virtually unopened; dj glossy w/ tiniest nick at upper spine. x, 247 p., illus.
Add this copy of Spatial Price Theory of Imperfect Competition (Volume 8 to cart. $27.00, good condition, Sold by HPB-Red rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 1988 by Texas A&M University Press.
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