FREE delivery to all EXCLUSIVE BOOKS stores nationwide. FREE delivery to your door on all orders over R450. Excludes all international deliveries.

Monopolistic Competition and Macroeconomic Theory

Robert M. Solow
    Product form
      FORMAT: Paperback / softback

      R 1,539.34 Price and availability exclusive to website

      YOU COULD EARN 1,539.34 FUTURE RETAIL DISCOUNTS.
      ESTIMATED DELIVERY: Approx. 10 - 15 Business Days
      BUY NOW PAY LATER
      From R 256.55 per month!
      3x monthly payments of R 513.11 with
      4x fortnightly payments of R 384.83 with
      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 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.
      Format: CONTRIBUTORS: Robert M. Solow EAN: 9780521626163 COUNTRY: United Kingdom PAGES: WEIGHT: 130 g HEIGHT: 216 cm
      PUBLISHED BY: Cambridge University Press DATE PUBLISHED: 1998-11-28 CITY: GENRE: BUSINESS & ECONOMICS / Economics / Macroeconomics WIDTH: 140 cm SPINE:

      Book Themes:

      Macroeconomics

      Customer Reviews

      Be the first to write a review
      0%
      (0)
      0%
      (0)
      0%
      (0)
      0%
      (0)
      0%
      (0)
      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 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.
      Format: CONTRIBUTORS: Robert M. Solow EAN: 9780521626163 COUNTRY: United Kingdom PAGES: WEIGHT: 130 g HEIGHT: 216 cm
      PUBLISHED BY: Cambridge University Press DATE PUBLISHED: 1998-11-28 CITY: GENRE: BUSINESS & ECONOMICS / Economics / Macroeconomics WIDTH: 140 cm SPINE:

      Book Themes:

      Macroeconomics

      Customer Reviews

      Be the first to write a review
      0%
      (0)
      0%
      (0)
      0%
      (0)
      0%
      (0)
      0%
      (0)

      Recently viewed products

      Login

      Forgot your password?

      Don't have an account yet?
      Create account