The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis - Softcover

Winston, Gordon C.

Softcover

ISBN 10: 0521070929 ISBN 13: 9780521070928

Verlag: Cambridge University Press, 2008

Inhaltsangabe

This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory.

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Reseña del editor

This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory. What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.

Product Description

The timing of economic activities pb editado por Cambridge

Über diese Auflage

• Verlag: Cambridge University Press
• Erscheinungsdatum: 2008
• ISBN 10: 0521070929
• ISBN 13: 9780521070928
• Einband: Tapa blanda
• Auflage: 1
• Anzahl der Seiten: 360