空间MICROECONOMICS

Theoretical Underpinnings and Applications

Economists of the Twentieth Century series

the late Melvin L. Greenhut, Formerly Abell Professor of Liberal Arts and Distinguished Professor of Economics, Emeritus, Texas A & M University, US

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.

‘An excellent collection of the author’s important essays and papers, which add a spatial dimension to neoclassical microeconomics.’
– Aslib Book Guide

‘These volumes are essential reference tools in understanding the evolution of locational and spatial economics since WW2, and are technically accessible to specialist graduate students of location economics.’
– Graham Crampton, The Economic Journal