The Economics of Imperfect Competition A Spatial Approach [Paperback]

This book takes a different approach to traditional price theory and to the analysis of imperfect competition.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.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.This book takes a different approach to traditional price theory and to the analysis of imperfect competition. It represented 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.List of figures and tables; Preface; 1. Introduction; Part I. Nondiscriminatory Pricing: 2. A general theory of imperfect competition and nondiscriminatory pricing: the short run; 3. A general theory of imperfect competition and nondiscriminatory pricing: the long run; 4. Nondiscriminatory prices, economic development, and merger policies; 5. Product differentiation: a spatial f.o.bl"