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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.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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