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Monopolistic Competition and Macroeconomic Theory Solow Paperback 9780521626163
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eBay item number:394677913874
Item specifics
- Condition
- BIC Subject Area 1
- Macroeconomics [KCB]
- ISBN
- 9780521626163
- Publication Year
- 1998
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- Monopolistic Competition and Macroeconomic Theory
- Item Height
- 216mm
- Publisher
- Cambridge University Press
- Item Width
- 140mm
- Subject
- Economics
- Item Weight
- 130g
- Number of Pages
- 90 Pages
About this product
Product Information
Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The first chapter is a brief survey of ideas recently proposed in economics including multiple equilibria. The second chapter describes a particular micro-based macro model that allows several families of equilibria. The third chapter shows how a standard locational model can be used to describe a sample macroeconomy when firms have close rivals. In this volume derived from his Federico Caffe Lecture, Nobel Laureate Robert Solow shows that there are simple and tractable micro-based models that offer the possibility of a richer and more intuitive macroeconomics.
Product Identifiers
Publisher
Cambridge University Press
ISBN-13
9780521626163
eBay Product ID (ePID)
87184580
Product Key Features
Publication Name
Monopolistic Competition and Macroeconomic Theory
Format
Paperback
Language
English
Subject
Economics
Publication Year
1998
Type
Textbook
Number of Pages
90 Pages
Dimensions
Item Height
216mm
Item Width
140mm
Item Weight
130g
Additional Product Features
Series Title
Federico Caffe Lectures
Country/Region of Manufacture
United Kingdom
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PARTRAD LIMITED
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