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- catalog abstract "As well as providing a thorough treatment of the key elements of price theory for second-year students of microeconomics, this textbook also presents a distinctive perspective on the material, embedding these elements in a sustained analytical argument linking price theory to the study of industry. This perspective is valuable for economics and business students in both second and third years of study. Starting from a Paretian stand-point, the argument develops the logic of individual choice and its implications for interdependent consumers and producers, and reviews the efficiency conditions appropriate to a general equilibrium framework. This is then used to derive the corresponding Marshallian functions, allowing the conditions for a competitive equilibrium to be established. The argument proceeds to consider different market structures, establishing the relevance for the study of oligopoly of game theoretic approaches: a chapter is devoted entirely to game theory, including repeated games and theories of rational choice. The book has several distinctive features: a stress on the interdependence between output and employment decisions; an explicit focus on E.H. Chamberlin's analysis of monopolistic competition; an unobtrusive historical dimension; parallel diagrammatic and mathematical treatments of optimisation; linkages with classical macroeconomics; and an emphasis on the implications of time and uncertainty.".
- catalog alternative "Price theory".
- catalog contributor b9049761.
- catalog contributor b9049762.
- catalog contributor b9049763.
- catalog contributor b9049764.
- catalog created "1996.".
- catalog date "1996".
- catalog date "1996.".
- catalog dateCopyrighted "1996.".
- catalog description "As well as providing a thorough treatment of the key elements of price theory for second-year students of microeconomics, this textbook also presents a distinctive perspective on the material, embedding these elements in a sustained analytical argument linking price theory to the study of industry. This perspective is valuable for economics and business students in both second and third years of study.".
- catalog description "Includes bibliographical references and indexes.".
- catalog description "Paretian analysis -- The Marshallian functions -- Equilibrium and the allocation of resources: perfect competition -- Monopoly and competition -- Oligopoly and game theory -- A re-orientation of the theory of value?".
- catalog description "Starting from a Paretian stand-point, the argument develops the logic of individual choice and its implications for interdependent consumers and producers, and reviews the efficiency conditions appropriate to a general equilibrium framework. This is then used to derive the corresponding Marshallian functions, allowing the conditions for a competitive equilibrium to be established. The argument proceeds to consider different market structures, establishing the relevance for the study of oligopoly of game theoretic approaches: a chapter is devoted entirely to game theory, including repeated games and theories of rational choice.".
- catalog description "The book has several distinctive features: a stress on the interdependence between output and employment decisions; an explicit focus on E.H. Chamberlin's analysis of monopolistic competition; an unobtrusive historical dimension; parallel diagrammatic and mathematical treatments of optimisation; linkages with classical macroeconomics; and an emphasis on the implications of time and uncertainty.".
- catalog extent "xiv, 305 p. :".
- catalog identifier "0719045819 :".
- catalog identifier "0719045827 (pbk) :".
- catalog issued "1996".
- catalog issued "1996.".
- catalog language "eng".
- catalog publisher "Manchester ; New York : Manchester University Press ; New York : Distributed in the USA by St. Martin's Press,".
- catalog subject "338.5 20".
- catalog subject "HB172 .H387 1996".
- catalog subject "Microeconomics.".
- catalog tableOfContents "Paretian analysis -- The Marshallian functions -- Equilibrium and the allocation of resources: perfect competition -- Monopoly and competition -- Oligopoly and game theory -- A re-orientation of the theory of value?".
- catalog title "Intermediate microeconomics : a perspective on price theory / Frederick G. Hay, Christine Oughton and Andrew S. Skinner.".
- catalog title "Price theory".
- catalog type "text".