A General Theory Of Competition

Author : Shelby D. Hunt
Publisher : SAGE Publications
Page : 321 pages
File Size : 45,8 Mb
Release : 1999-11-30
Category : Business & Economics
ISBN : 9781452221649

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A General Theory of Competition by Shelby D. Hunt Pdf

Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 41,5 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : Shanker Singham
Publisher : Cameron May
Page : 551 pages
File Size : 50,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781905017423

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A General Theory of Trade and Competition by Shanker Singham Pdf

General Theory of Trade... is the first academic or practitioner text book to establish a general theory of trade and competition and attempts to bring these two disciplines back together. Shanker Singham demonstrates that there is indeed a powerful interface between these two areas and that by understanding this interface practitioners, be they in governments, companies or law and economics firms can succeed in trade negotiations as well as build up support for free trade principles in a time when they are being increasingly challenged. By noting that consumer welfare is enhanced where trade liberalization is accompanied by competitive markets and property rights protection, the author articulates an overall vision in which future policymakers can frame a different kind of trade debate.

Author : Shelby D. Hunt
Publisher : M.E. Sharpe
Page : 350 pages
File Size : 53,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 0765609290

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Foundations of Marketing Theory by Shelby D. Hunt Pdf

Shelby Hunt's revision of "Foundations of Marketing Theory" continues the tradition of the previous three by providing a clear framework for advancing marketing thought and research.

Author : Shiping Tang
Publisher : Routledge
Page : 132 pages
File Size : 45,9 Mb
Release : 2010-12-10
Category : Business & Economics
ISBN : 9781136851476

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A General Theory of Institutional Change by Shiping Tang Pdf

Institutional change is a central driving force behind social changes, and thus a central topic in all major fields of social sciences. Yet, no general theory of institutional change exists. Drawing from a diverse literature, this book develops a general theory of institutional change, based on a social evolutionary synthesis of the conflict approach and the harmony approach. The book argues that because the whole process of institutional change can be understood as a process of selecting a few ideas and turning them into institutions, competition of ideas and struggle for power to make rules are often at the heart of institutional change. The general theory not only integrates more specific theories and insights on institutional change that have been scattered in different fields into a coherent general theory but also provides fundamental new insights and points to new directions for future research. This book makes a fundamental contribution to all major fields of social sciences: sociology (sociological theory), political sciences, institutional economics, and political theory. It should be of general interest to scholars and students in all major fields of social science.

Author : Stephen A. Marglin
Publisher : Harvard University Press
Page : 921 pages
File Size : 44,5 Mb
Release : 2020-07-14
Category : Business & Economics
ISBN : 9780674971028

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Raising Keynes by Stephen A. Marglin Pdf

Back to the future: a heterodox economist rewrites Keynes's General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes's General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes's lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes's intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes's message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes's intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.

Author : Edward Chamberlin
Publisher : Praeger
Page : 0 pages
File Size : 41,8 Mb
Release : 1982-08-31
Category : Business & Economics
ISBN : 9780313235900

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Towards a More General Theory of Value by Edward Chamberlin Pdf

This collection of essays on monopolistic competition is designed for the general economist and to serve as a text or supplementary reader for courses in economic theory, advanced theory, and various applied fields, including marketing and industrial organization.

Author : Shelby D. Hunt
Publisher : Routledge
Page : 619 pages
File Size : 46,6 Mb
Release : 2014-12-18
Category : Business & Economics
ISBN : 9781317465133

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Marketing Theory by Shelby D. Hunt Pdf

One of the true classics in Marketing is now thoroughly revised and updated. "Marketing Theory" is both evolutionary and revolutionary. As in earlier editions, Shelby Hunt focuses on the marketing discipline's multiple stakeholders. He articulates a philosophy of science-based 'tool kit' for developing and analyzing theories, law-like generalizations, and explanations in marketing science. Hunt adds a new dimension to the book, however, by developing arguments for the position that Resource-Advantage Theory provides the foundation for a general theory of marketing and a theoretical foundation for business and marketing strategy. Also new to this edition are four chapters adapted and updated from Hunt's "Controversy in Marketing Theory" that analyze the 'philosophy debates' within the field, including controversies with respect to scientific realism, qualitative methods, truth, and objectivity.

Author : Lester G Telser
Publisher : Taylor & Francis
Page : 401 pages
File Size : 55,6 Mb
Release : 2017-09-05
Category : Business & Economics
ISBN : 9781351527170

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Competition, Collusion, and Game Theory by Lester G Telser Pdf

This original, quantitatively oriented analysis applies the theory of the core to define competition in order to describe and deduce the consequences of competitive and non-competitive behavior. Written by one of the world's leading mathematical economists, the book is mathematically rigorous. No other book is currently available giving a game theoretic analysis of competition with basic mathematical tools.Economic theorists have been working on a new and fundamental approach to the theory of competition and market structure, an approach inspired by appreciation of the earlier work of Edgeworth and Bohm-Bawerk and making use of the new tools of the theory of games as developed by von Neumann and Morgenstern. This new approach bases itself on the analysis of competitive behavior and its implications for the characteristics of market equilibrium rather than on assumptions about the characteristics of competitive and monopolistic markets. Its central concept is ""the theory of the core of the market,"" and it is concerned, with the conditions under which markets will or will not achieve the characteristics of uniform prices and welfare optimality.Telser provides a number of insights into the symptoms of competition, when and how competition is bought into play, the mechanisms of competition and collusion, the results of competition and collusion, and the results of competition and collusion for the economy and for the general public. Many misconceptions about the nature of a competitive equilibrium are dispelled. The book is not only a mathematical analysis of core price theory but also contains extensive empirical research in private industry. These empirical findings, from research pursued over several years, enhance understanding of how competition works and of the determinants of the returns to manufacturing industries.

Author : Edward Chamberlin
Publisher : Unknown
Page : 256 pages
File Size : 42,8 Mb
Release : 1938
Category : Competition
ISBN : MINN:31951001872744L

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The Theory of Monopolistic Competition by Edward Chamberlin Pdf

Author : Thin Tun
Publisher : Harvard University Press
Page : 136 pages
File Size : 42,6 Mb
Release : 1960
Category : Business & Economics
ISBN : 0674880803

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Theory of Markets by Thin Tun Pdf

Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets--perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly. Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements--hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.

Author : Joseph E. Harrington, Jr.
Publisher : MIT Press
Page : 145 pages
File Size : 45,5 Mb
Release : 2017-11-16
Category : Business & Economics
ISBN : 9780262036931

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The Theory of Collusion and Competition Policy by Joseph E. Harrington, Jr. Pdf

A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement. Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement. The book begins by discussing general issues that arise when models of collusion take into account competition law and enforcement. It goes on to consider game-theoretic models that encompass the probability of detection and penalties incurred when convicted, and examines how these policy instruments affect the frequency of cartels, cartel duration, cartel participation, and collusive prices. The book then considers the design of competition law and enforcement, examining such topics as the formula for penalties and leniency programs. The book concludes with suggested future lines of inquiry into illegal collusion.

Author : Javaid R. Khwaja
Publisher : iUniverse
Page : 595 pages
File Size : 49,9 Mb
Release : 2013
Category : Business & Economics
ISBN : 9781475997385

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Toward a General Theory of Exchange by Javaid R. Khwaja Pdf

The new economy, under the impetus of the ever-widening outreach of the Internet, is undergoing a transition. In the meantime, there's also been a shift to the information paradigm, with its emphasis on lack of foresight. These processes have almost completely supplanted the concept of market that was once one of the most cardinal features of conventional economic theory. In Toward a General Theory of Exchange: Strategic Decisions and Complexity, author Dr. Javaid R. Khwaja traces the slow melting of the market, the most ubiquitous contraption and the summum bonum of economic science, as an organized manifestation of complexity, with its wide-ranging impact on the flow of funds. Using the historical background of economic theories, this study blends the interdisciplinary range and fills the vacuum that has existed among current conventional economic theory, the theory of strategic decision making, actor-network theory, the domain of law and economics, and the science of complexity. An observer of economic development for several decades, Khwaja shows the relationship between technology and economics and how it affects social exchanges and trends.

Author : Joan Robinson
Publisher : Springer
Page : 193 pages
File Size : 41,8 Mb
Release : 1979-10-18
Category : Business & Economics
ISBN : 9781349161881

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The Generalisation of the General Theory and other Essays by Joan Robinson Pdf

Author : Naresh Malhotra
Publisher : Routledge
Page : 216 pages
File Size : 40,8 Mb
Release : 2017-10-19
Category : Business & Economics
ISBN : 9781351551021

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Review of Marketing Research by Naresh Malhotra Pdf

First Published in 2017. Routledge is an imprint of Taylor & Francis, an Informa company.