Price theory and its applications
Author(s)
Bibliographic Information
Price theory and its applications
（The international library of critical writings in economics / series editor, Mark Blaug, 89）（An Elgar reference collection）
E. Elgar, c1998
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Note
Includes bibliographical references and index
Description and Table of Contents
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.
Table of Contents
Contents: Introduction (F.M. Scherer and B. Saffran) Part I: Markets, Primitive and Sophisticated Part II: Market Dynamics Part III: Intervening in Competitive Markets Part IV: The Economics of Cartels and Monopoly Part V: Increasing Returns and Natural Monopoly Part VI: Monopolistic Competition Name Index
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