Price Theory and its Applications

Product Description

Collects influential papers, reprinted in facsimile, which illustrate the uses and techniques of applied price theory. Thirty-four articles written by Nobel laureates as well as by less well-known economists display a variety of techniques from verbal exposition through geometric methods to sophisticated mathematical techniques. Topics include primitive and sophisticated markets, market dynamics, intervening in competitive markets, the economics of cartels and monopoly, increasing returns and natural monopoly, and monopolistic competition. Concludes with a lighthearted section entitled "Humour". No index. Annotation c. by Book News, Inc., Portland, Or.