The Megacorp and Oligopoly : Micro Foundations of Macro Dynamics Hardback
by Alfred S. Eichner
Hardback
Description
This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles.
By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis.
Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth.
The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.
Information
-
Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:377 pages
- Publisher:Cambridge University Press
- Publication Date:24/09/1976
- Category:
- ISBN:9780521208857
Other Formats
- Paperback / softback from £40.89
Information
-
Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:377 pages
- Publisher:Cambridge University Press
- Publication Date:24/09/1976
- Category:
- ISBN:9780521208857