Scitovsky | Welfare & Competition | E-Book | sack.de
E-Book

E-Book, Englisch, 472 Seiten

Scitovsky Welfare & Competition


Erscheinungsjahr 2013
ISBN: 978-1-136-52184-3
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 472 Seiten

ISBN: 978-1-136-52184-3
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)



Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole.

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PART 1 INTRODUCTION

1. THE SUBJECT MATTER OF ECONOMICS

2. THE MARKET

1. Isolated Bargaining

2. Competitive Bargaining

3. Perfect Competition

4. Price Setting

5. The Types of Competition among Price Makers

6. Bilateral Monopoly

7. Trade on Prescribed Terms

PART 2 THE PRICE TAKER'S BEHAVOUR AND PERFECT COMPETITION

3. THE CONSUMER

1. The Indifference Map

2. The Income-Consumption Curve

3. The Price-Consumption Curve

4. Complementary and Substitutability

5. The Importance of Time and Habit

4. THE CONSUMERS' MARKET AND THE NOTION OF ECONOMIC EFFICIENCY

1. The Efficiency of Distribution

2. Equity and Efficiency

NOTE TO CHAPTER 4: Productivity Efficiency and the Size of the National Product

5. THE WORKER AND THE EFFICIENCY OF THE LABOUR MARKET

1. The Worker's Choice between Work and Leisure

1a. The Income-Offer Curve

1b. The Price-Offer Curve

2. Allocation of Work within One Occupation

3. The Worker's Choice of Occupation

4. The Specialization among Workers

5. An Alternative Approach

6. The Distribution of Income Paid for Personal Services

6. THE FIRM

1. The Production Function

7. THE FIRM (Continued): THE MARKET BEHAVOUR OF THE FIRM

1. The Combination of Productive Factors

2. The Determination of the Firm's Output

3. The Combination of Products

4. The Firm's Offer of Products

5. Technical Complementarity and Substitutability

6. The Firm's Demand for Factors

NOTE TO CHAPTER 7: The Entrepreneur

8. THE EFFICIENCY OF PRODUCTION

1. The Technological Efficiency of the Firm

2. The Technological Efficiency of the Industry

2a. The Efficient Allocation within the Industry

2b. The Average Technological Efficiency of the Industry's Members

3. The Economic Efficiency of the Firm

3a. The Efficient Combination of Products

3b. The Efficient Combination of Factors

3c. The Efficient Rate of Production

3d. The General Case

4. The Economic Efficiency of the Industry

5. The Economic Efficiency of Allocation between Industries

6. The General Efficiency of the Perfectly Competitive Economy

NOTE TO CHAPTER 8: The Distinction between Social and Private Marginal Value and Product

9. CAPITAL

1. Entrepreneurship as a Factor Limiting the Size of the Firm

2. Capital as a Factor of Production

2a. The Willingness to Borrow

2b. The Willingness to Lend

3. Capital as a Factor of Production

4. The Investment Policy of the Firm

5. The Allocation of Capital

6. The Scarcity of Capital and Its Remuneration

10. THE STABILITY OF PERFECT COMPETITION

1. The Subject Matter of Dynamic Economics

2. Stability and Dynamic Efficiency

3. Speculation

PART 3 THE PRICE MAKER'S BEHAIVOUR AND FREE COMPETITION

11. THE PRINCIPLES OF THE PRICE MAKER'S BEHAIVOUR

1. The Seller

2. The Buyer

12. THE STABILITY OF THE PRICE MAKER'S BEHAVIOUR

1. The Stabilizing Factors

2. The Cost of Change

2a. Adaptation to a Permanently Changed Situation

2b. Adaptation to Transitory Changes

3. The Indivisibility of Productive Resources

3a. Adaptation to a Permanently Change Situation

3b. Adaptation to Transitory Changes

4. The Turnover Leg

4a. Adaptation to a Permanently Change Situation

4b. Adaptation to Transitory Changes

5. The Planning Period

13. THE PROFIT MARGIN

1. The Price Elasticity of the Market

2. The Problem of Estimation

3. The Other Aspect of the Price Maker's Market Offer

14. THE COST OF PRODUCTION

1. The Cost of Elements

2. The Cost Basis of the Producer's Market Offer

3. The Cost Basis of the Producer's Expansion Policy

15. THE CONDITIONS OF FREE COMPETITION

1. Factors Favourable to Competition

1a The Competitive Spirit

1b Large Numbers, Similarity of Size & Changing Membership

1c Limits to the Size of the Firm: Capital

1d Limits to the Size of the Firm: Entrepr



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