The Timing of Economic Activities : Firms, Households and Markets in Time-Specific Analysis Hardback
by Gordon C. Winston
Hardback
Description
This study introduces 'time-specific' analysis of economic processes.
Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years.
By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory.
What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.
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Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:359 pages
- Publisher:Cambridge University Press
- Publication Date:29/10/1982
- Category:
- ISBN:9780521247207
Other Formats
- Paperback / softback from £34.29
Information
-
Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:359 pages
- Publisher:Cambridge University Press
- Publication Date:29/10/1982
- Category:
- ISBN:9780521247207