Overview

This text addresses product differentiation, including spatial differentiation and the industrial structures that give rise to this phenomenon. It opens with an overview essay and explains why the authors reject the neoclassical, competitive vision of the economy. The essays included cover the theory of multinational plant location; monopoly; models of value theory; the theory of market pre-emption; product differentiation; capital with special reference to entry and exit barriers and entry equilibrium; and the existence of pure profit.

Full Product Details

Author:   B. C. Eaton ,  Richard G. Lipsey
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Weight:   0.610kg
ISBN:  

9781858985367

ISBN 10:   1858985366
Pages:   352
Publication Date:   19 June 1997
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: Introduction 'Beyond Neoclassical Competitive Economics' 1. 'The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition' 2. 'The Non-Uniqueness of Equilibrium in the Loeschian Location Model' 3. 'The Introduction of Space into the Neoclassical Model of Value Theory' 4. 'Spatial Monopoly, Natural Monopoly, Pure Profits, and Land Rents' 5. 'A Comment on Location and Industrial Efficiency with Free Entry' 6. 'Freedom of Entry and the Existence of Pure Profit' 7. 'The Theory of Market Pre-emption: The Persistence of Excess Capacity and Monopoly in Growing Spatial Markets' 8. 'Comparison Shopping and the Clustering of Homogeneous Firms' 9. 'The Block Metric and the Law of Markets' 10. 'Exit Barriers are Entry Barriers: The Durability of Capital as a Barrier to Entry' 11. 'Capital, Commitment, and Entry Equilibrium' 12. 'An Economic Theory of Central Places' 13. 'Address Models of Value Theory' 14. 'Product Differentiation' 15. 'The Theory of Multinational Plant Location: Agglomerations and Disagglomerations' 16. 'Increasing Returns, Indivisibility and All That' Name Index

Reviews

'Therefore, these four books published by Edward Elgar will be at the reference desks of all good economic libraries. In addition, the book on monopolistic competition and economic geography needs to enter all reading lists on the currently hottest topic in economics.' -- Miroslav N. Jovanovic, Economia Internazionale 'An important new work on product differentiation, including spatial differentiation and the industrial structures that give rise to this phenomenon.' -- Business Horizons 'This worthy volume testifies to the truth of the proposition that the original papers which kick off a literature are always worth reading.' -- Paul Gerowski, The Economic Journal

`Therefore, these four books published by Edward Elgar will be at the reference desks of all good economic libraries. In addition, the book on monopolistic competition and economic geography needs to enter all reading lists on the currently hottest topic in economics.' -- Miroslav N. Jovanovic, Economia Internazionale `An important new work on product differentiation, including spatial differentiation and the industrial structures that give rise to this phenomenon.' -- Business Horizons `This worthy volume testifies to the truth of the proposition that the original papers which kick off a literature are always worth reading.' -- Paul Gerowski, The Economic Journal

Author Information

B. Curtis Eaton, Professor of Economics, University of Calgary, Canada and Richard G. Lipsey, Lipsey Author and Consultant and Professor Emeritus, Simon Fraser University, Canada

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