Scott Foresman Reading Street: Common Core, Grade 3.1 by Scott Foresman And Company

Scott Foresman Reading Street: Common Core, Grade 3.1 by Scott Foresman And Company

Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta's findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author's careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition.

SKU	Non disponible
ISBN 13	9780328724512
ISBN 10	0328724513
Titre	Scott Foresman Reading Street: Common Core, Grade 3.1
Auteur	Scott Foresman And Company
État	Non disponible
Type de reliure	Hardback
Éditeur	Pearson Scott Foresman
Année de publication	2012-04-06
Nombre de pages	0
Note de couverture	La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note	Non disponible