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The book is an attempt to construct frameworks for the analysis of oligopoly which combine both the rivalrous and cooperative elements in the market structure of mature oligopolistic industries. It provides an alternative approach to those of game theory and conjectural variation, and does so in a fashion that permits: - the development of a general equilibrium framework that incorporates oligolopy - operational analysis of pricing policies in oligolopy - the tailoring of the analytical framework to the specifics of an industry within the context of multiobjective decision making. The book stresses the need for economic theory to move away from the search for universal theorems concerning oligopolistic behaviour, and to develop a body of specific industry analyses using ``simulative theorizing''.
A collection of published papers in general equilibrium that explore the basic problems of extensive interdependence in models incorporating oligopoly, space, time and money. Robert E. Kuenne has also written "The Theory of General Economic Equilibrium".
The theory of price and quality decision-making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision-making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision-making in such instances of a 'rivalrous consonance of interests' among firms.
This study and its companion, "Joan Robinson and Economic Theory" looks at Joan Robinson, her impact upon modern economics, her challenges and critiques, and the advances made in the science and art of economics. It studies her ideas, themes and concerns from many different perspectives.
Ake E.Andersson has always been intellectually on the move. He has selected his own track through the academic system and has formed a school of thought which has brought him international recognition. The cornerstones of his scientific interest are welfare analysis, regional economic dynamics and human capital theory. For his excellent achievements on dynamic analysis in the field of regional economics and regional planning he received the Japanese Honda Prize in 1995. This book provides a sample of the broad ranging research of Ake E.Andersson. Here some of his friends and colleagues have contributed to give various examples from the growing research field "Knowledge and Networks in a Dynamic Economy" in which he has been a great inspiration and in which he has contributed as part of his prodigious output.
This new book, under the impressive editorship of Thomas Boylan and Paschal O'Gorman, explores a number of major themes central to the work of Karl Popper. The tensions that have resulted from Popperian thought are well documented. How can mainstream orthodox economics be falsifiable while privileging its core of rationality as unquestionable? This book includes expert contributions from thinkers such as Tony Lawson, K. Vela Velupillai and John McCall, who discuss this issue with renewed academic rigour.
The subject of peace economics and its ramifications are comprehensively and deeply attacked in this book. First of all the book presents a compact survey of significant contributions already made, and then it provides a broad theoretical background for examining the subject by evaluating four different approaches, those of 1) neoclassical welfare theory, 2) Keynesian and modern versions of macroeconomics, 3) modern growth theory and 4) political choice theory.A number of contributions deal with major questions on issues such as the impact of military cutbacks in the Eastern European economies upon their growth; trade between nations; arms trade; nuclear defense; and the benefits and costs of war as highlighted by the recent Gulf War. Issues of a more general nature but equally significant are also discussed, including the age-old negotiations problem of two mature political leaders of major powers in conflict; the determinants of military expenditures; and the problems of developing countries. In the last chapter the findings of the studies reported in the book are summarized and key directions for further research are identified.This book is indispensable for any economist or analyst conducting research on peace economics and the peace process or concerned with the impacts of recent arms reduction and conversion by the major powers and the escalation of military expenditures elsewhere.
The second in a two volume tribute to Walter Isard, the first being "New Frontiers in Regional Science", this book looks at dynamics and conflict in regional structural change. Together they contain 50 papers by experts in this field, and look at subjects such as location theory.