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Monopolistic Competition and Effective Demand. (PSME-6)

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by Hukukane Nikaido
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Monopolistic Competition and Effective Demand. (PSME-6) by Hukukane Nikaido

While traditional price theory has successfully elucidated national income distribution in a perfectly competitive economy, little is known today about the overall working of a noncompetitive economy. This book moves to remedy the imbalance by sketching a general equilibrium theory of a noncompetitive economy.

Developing his theory in the world of the standard Leontief system, Hukukane Nikaido attempts to construct objective demand functions reflecting the interdependence of economic agents in the real world upon which the monopolist's control of prices or output ultimately depends.

Originally published in 1975.

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Ebook Details
Pages: 160
Size: 5.5 MB
Publisher: Princeton University Press
Date published:   2015
ISBN: 9781400870547 (DRM-PDF)

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Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Economics > Theory

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Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Economics > Theory
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