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The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

Autor Alfred S. Eichner
en Limba Engleză Paperback – 9 iul 2008
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.
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Specificații

ISBN-13: 9780521068611
ISBN-10: 0521068614
Pagini: 380
Dimensiuni: 152 x 229 x 21 mm
Greutate: 0.55 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States

Cuprins

1. Introduction; 2. The nature of the megacorp; 3. The pricing decision; 4. Extensions of the basic model; 5. The distribution of income; 6. Micro and macro; 7. Conventional policy instruments; 8. Toward social control.

Descriere

This book provides an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II.