Stephan John Nash,
Stephen John Nash
Cost, Uncertainty and Welfare
Frank Knight's Theory of Imperfect Competition
Paperback Engels 2020 1e druk 9781138611207Levertijd ongeveer 11 werkdagen
Gratis verzonden
Samenvatting
First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.
Specificaties
ISBN13:9781138611207
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:205
Uitgever:Taylor & Francis
Druk:1
Serie:Routledge Revivals
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