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Full Industry Equilibrium

Full Industry Equilibrium

A Theory of the Industrial Long Run

Arrigo Opocher, Ian Steedman

Cambridge University Press
Publication date : 2015-05-28

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This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often economists expect more from the microeconomic laws of input demand and output supply than they can really give. The authors show that the zero-net-profit condition requires a more articulated analysis that sometimes yields qualitative results contrary to those of familiar economic laws. Written for academic researchers and graduate students, the book will be of particular interest to those working on the microeconomics of industry equilibrium, comparative statics and Sraffian economics.

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About the book

Author

Arrigo Opocher , Ian Steedman

Imprint

Cambridge University Press

Collection

n.c

Publication date

2015-05-28

Pages

n.c

Print ISBN

9781107097797

Language

English

Ebook informations

EAN PDF

9781316383063

Price

£33.76

Copy count 0

Print count 0

File size 2630605 Ko

Informations accessibility

EAN EPUB

9781316379462

Price

£33.76

Copy count 0

Print count 0

File size 5949 Ko

Informations accessibility

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About author(s)

Arrigo Opocher

Ian Steedman

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