Format Hardcover Subject Literary Collections Publisher Greenwood Publishing Group Incorporated

Plant Location in Theory and in Practice: The Economics of Space

Business & Money

Greenhut, Melvin L.

Industries

Praeger

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.

A theory of the firm in economic space

Appleton, Century, Crofts

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.

The Economics of Imperfect Competition: A Spatial Approach

Norman, George

Hung, Chao-Shun

Economics

Cambridge University Press

<p>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.</p>

The Theory of the Firm in Economic Space (Modern Revivals in Economics)

Gregg Revivals

From Basic Economics to Supply Side Economics

Stewart,Charles

Univ Pr of Amer

Classical location theory is extended from its least cost approach to a maximum profit framework in this outstanding collection of Melvin L. Greenhut's key essays.  This extension of classical location theory changes the analysis used in location economics from that of pure competition to oligopolistic competition. Using the analysis which is developed in this volume, locational interdependencies and, in turn, industrial location are shown to be affected by, diverse factors, including among others, marginal cost curves, demand curves and the number of firms in the market.  Employing empirical findings to relate theory to practice, the author establishes a general theory via which he investigates and resolves specific issues and problems. These essays make a major contribution by enabling the reader to appreciate the important developments that have taken place over recent years in location economics.  Location Economics and its companion volume, Spatial Microeconomics, will be welcomed by students, teachers and practitioners of economics for improving access to Professor Greenhut's many important essays and papers.

Location Economics: Theoretical Underpinnings and Applications (Economists of the Twentieth Century series)

Edward Elgar Publishing

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Books by Greenhut, Melvin L.