Spatial microeconomics: theoretical underpinnings and applications
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Bibliographic Details
Main Author: Greenhut, Melvin L. 1921- (Author)
Format: Book
Language:English
Published: Aldershot [u.a.] Elgar 1995
Series:Economists of the twentieth century
Subjects:
Abstract: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.
Physical Description:XXV, 561 S. graph. Darst.
ISBN:1858981379