The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

Micro Foundations of Macro Dynamics

Alfred S. Eicher (Autor)

Buch | Softcover

378 Seiten

1980
M.E. Sharpe (Verlag)
978-0-87332-168-6 (ISBN)

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This title was first published in 1976. 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.

Eicher, Alfred S.

Erscheint lt. Verlag	1.8.1980
Reihe/Serie	Routledge Revivals
Verlagsort	Armonk
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-87332-168-5 / 0873321685
ISBN-13	978-0-87332-168-6 / 9780873321686
Zustand	Neuware