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Spatial Microeconomics

Author

Listed:
  • Melvin L. Greenhut

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.

Suggested Citation

  • Melvin L. Greenhut, 1995. "Spatial Microeconomics," Books, Edward Elgar Publishing, number 190.
  • Handle: RePEc:elg:eebook:190
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    File URL: http://www.e-elgar.com/shop/isbn/9781858981376
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    More about this item

    Keywords

    Economics and Finance; Urban and Regional Studies;

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General

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