Description

Price Theory and its Applications is an authoritative collection of influential papers which illustrate with unusual force the uses and techniques of applied price theory. The collection includes articles by Nobel laureates as well as less well-known economists and covers North America, Europe, Australia, Africa and Asia. The articles selected display a variety of techniques from verbal exposition through geometric methods to sophisticated mathematical techniques such as optimal control theory and game theory.

The first section of the book provides an insight into the diversity of market institutions. Some classic questions in market dynamics are addressed in section two, which is followed by a section on the rationale and consequences of government interventions. Various aspects of monopoly power are explored in the next three sections which cover cartels and monopolies, so-called 'natural monopoly' situations and monopolistically competitive markets. In conclusion a more light-hearted example is offered.

Price Theory and its applications

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£290.00

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Hardback by Bernard Saffran , F. M. Scherer

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Price Theory and its Applications is an authoritative collection of influential papers which illustrate with unusual force the uses and... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 26/03/1998
    ISBN13: 9781858986104, 978-1858986104
    ISBN10: 1858986109

    Number of Pages: 680

    Non Fiction , Business, Finance & Law

    Description

    Price Theory and its Applications is an authoritative collection of influential papers which illustrate with unusual force the uses and techniques of applied price theory. The collection includes articles by Nobel laureates as well as less well-known economists and covers North America, Europe, Australia, Africa and Asia. The articles selected display a variety of techniques from verbal exposition through geometric methods to sophisticated mathematical techniques such as optimal control theory and game theory.

    The first section of the book provides an insight into the diversity of market institutions. Some classic questions in market dynamics are addressed in section two, which is followed by a section on the rationale and consequences of government interventions. Various aspects of monopoly power are explored in the next three sections which cover cartels and monopolies, so-called 'natural monopoly' situations and monopolistically competitive markets. In conclusion a more light-hearted example is offered.

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