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Welfare and competition

Author: Tibor Scitovsky
Publisher: London : Routledge, 2003.
Series: Routledge library editions., Economics ;, 103.; Welfare economics and economic policy, v. 7.
Edition/Format:   Print book : EnglishView all editions and formats

Dealing with general economic theory, this book discusses the theory of pure and monopolistic competition - with an emphasis upon welfare aspects. Beginning with an analysis of the consumer and of  Read more...


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Document Type: Book
All Authors / Contributors: Tibor Scitovsky
ISBN: 0415314097 9780415314091
OCLC Number: 51668095
Notes: Originally published: London : Allen & Unwin, 1952.
Description: xvi, 457 pages : illustrations ; 22 cm.
Contents: PART 1 INTRODUCTION1. THE SUBJECT MATTER OF ECONOMICS2. THE MARKET1. Isolated Bargaining2. Competitive Bargaining3. Perfect Competition4. Price Setting5. The Types of Competition among Price Makers6. Bilateral Monopoly7. Trade on Prescribed TermsPART 2 THE PRICE TAKER'S BEHAVOUR AND PERFECT COMPETITION3. THE CONSUMER1. The Indifference Map2. The Income-Consumption Curve3. The Price-Consumption Curve4. Complementary and Substitutability5. The Importance of Time and Habit4. THE CONSUMERS' MARKET AND THE NOTION OF ECONOMIC EFFICIENCY1. The Efficiency of Distribution2. Equity and EfficiencyNOTE TO CHAPTER 4: Productivity Efficiency and the Size of the National Product5. THE WORKER AND THE EFFICIENCY OF THE LABOUR MARKET1. The Worker's Choice between Work and Leisure1a. The Income-Offer Curve1b. The Price-Offer Curve2. Allocation of Work within One Occupation3. The Worker's Choice of Occupation4. The Specialization among Workers5. An Alternative Approach6. The Distribution of Income Paid for Personal Services6. THE FIRM1. The Production Function7. THE FIRM (Continued): THE MARKET BEHAVOUR OF THE FIRM1. The Combination of Productive Factors2. The Determination of the Firm's Output3. The Combination of Products4. The Firm's Offer of Products5. Technical Complementarity and Substitutability6. The Firm's Demand for FactorsNOTE TO CHAPTER 7: The Entrepreneur8. THE EFFICIENCY OF PRODUCTION1. The Technological Efficiency of the Firm2. The Technological Efficiency of the Industry2a. The Efficient Allocation within the Industry2b. The Average Technological Efficiency of the Industry's Members3. The Economic Efficiency of the Firm3a. The Efficient Combination of Products3b. The Efficient Combination of Factors3c. The Efficient Rate of Production3d. The General Case4. The Economic Efficiency of the Industry5. The Economic Efficiency of Allocation between Industries6. The General Efficiency of the Perfectly Competitive EconomyNOTE TO CHAPTER 8: The Distinction between Social and Private Marginal Value and Product9. CAPITAL1. Entrepreneurship as a Factor Limiting the Size of the Firm2. Capital as a Factor of Production2a. The Willingness to Borrow2b. The Willingness to Lend3. Capital as a Factor of Production4. The Investment Policy of the Firm5. The Allocation of Capital6. The Scarcity of Capital and Its Remuneration10. THE STABILITY OF PERFECT COMPETITION1. The Subject Matter of Dynamic Economics2. Stability and Dynamic Efficiency3. SpeculationPART 3 THE PRICE MAKER'S BEHAIVOUR AND FREE COMPETITION11. THE PRINCIPLES OF THE PRICE MAKER'S BEHAIVOUR1. The Seller2. The Buyer12. THE STABILITY OF THE PRICE MAKER'S BEHAVIOUR1. The Stabilizing Factors2. The Cost of Change2a. Adaptation to a Permanently Changed Situation2b. Adaptation to Transitory Changes3. The Indivisibility of Productive Resources3a. Adaptation to a Permanently Change Situation3b. Adaptation to Transitory Changes4. The Turnover Leg4a. Adaptation to a Permanently Change Situation4b. Adaptation to Transitory Changes5. The Planning Period13. THE PROFIT MARGIN1. The Price Elasticity of the Market2. The Problem of Estimation3. The Other Aspect of the Price Maker's Market Offer14. THE COST OF PRODUCTION1. The Cost of Elements2. The Cost Basis of the Producer's Market Offer3. The Cost Basis of the Producer's Expansion Policy15. THE CONDITIONS OF FREE COMPETITION1. Factors Favourable to Competition1a The Competitive Spirit1b Large Numbers, Similarity of Size & Changing Membership1c Limits to the Size of the Firm: Capital1d Limits to the Size of the Firm: Entrepr
Series Title: Routledge library editions., Economics ;, 103.; Welfare economics and economic policy, v. 7.
Responsibility: Tibor Scitovsky.


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