عنوان

Full industry equilibrium :

(Number (ISBN

1107097797

(Number (ISBN

9781107097797

Number

dltt

Title Proper

Full industry equilibrium :

General Material Designation

[Book]

Other Title Information

a theory of the industrial long run /

First Statement of Responsibility

Arrigo Opocher and Ian Steedman

Specific Material Designation and Extent of Item

xvi, 215 pages ;

Dimensions

24 cm

Text of Note

Includes bibliographical references and index

Text of Note

Machine generated contents note: Preface; Introduction; 1. Taking seriously the tendency to zero net profits; 2. An isolated industry; 3. Multiproduct firm; 4. Interdependent industries; 5. Industry-level input use. Some aftershocks from capital theory; 6. The 'autonomous' components of input prices; 7. The effects of taxation; 8. Productivity increase; 9. Full industry equilibrium in retrospect; 10. Conclusion; References; Index

8

Text of Note

"This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often economists expect more from the microeconomic laws of input demand and output supply than they can really give. The authors show that the zero-net-profit condition requires a more articulated analysis that sometimes yields qualitative results contrary to those of familiar economic laws. Written for academic researchers and graduate students, the book will be of particular interest to those working on the microeconomics of industry equilibrium, comparative statics and Sraffian economics"--

Managerial economics

Microeconomics

Production (Economic theory)

Number

Edition

Class number

Book number

Opocher, Arrigo

Steedman, Ian

Date of Transaction

20150602231449.0

Cataloguing Rules (Descriptive Conventions))

rda

Electronic name

[Book]

Y