SPATIAL MICROECONOMICS

Melvin L. Greenhut

in Books from Edward Elgar Publishing

Abstract: In Spatial Microeconomics, Melvin L. Greenhut argues that sellers in a space economy have the power to set prices, and that this power stems naturally from the geographic separation of markets. Focusing on differentiated markets, this collection of his acclaimed essays reveals that even the pricing of services, electrical power and many other goods – although not distance related per se – can be analysed from a spatial perspective. Professor Greenhut demonstrates and empirically indicates how and why modern firms price heterogeneously over differentiated markets. The spatial framework sheds light on the impact of mergers and antitrust legislation as well as on international trade and other issues.

Keywords: Economics and Finance; Urban and Regional Studies (search for similar items in EconPapers)
JEL-codes: R0 (search for similar items in EconPapers)
Date: 1995
ISBN: 9781858981376
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