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On the Foundations of Monopolistic Competition and Economic Geography

The Selected Essays of B. Curtis Eaton and Richard G. Lipsey B. Curtis Eaton, Professor of Economics, University of Calgary, Canada and Richard G. Lipsey, Lipsey Author and Consultant and Professor Emeritus, Simon Fraser University, Canada
On the Foundations of Monopolistic Competition and Economic Geography presents important work by B. Curtis Eaton and Richard G. Lipsey on product differentiation, including studies of spatial differentiation and the industrial structures that give rise to this phenomenon.
Extent: 352 pp
Hardback Price: $150.00 Web: $135.00
Publication Date: 1997
ISBN: 978 1 85898 536 7
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  • Economics and Finance
  • Competition Policy
  • Economic Geography
  • Industrial Economics
  • Industrial Organisation
  • Geography
  • Economic Geography
On the Foundations of Monopolistic Competition and Economic Geography presents important work by B. Curtis Eaton and Richard G. Lipsey on product differentiation, including studies of spatial differentiation and the industrial structures that give rise to this phenomenon.

The book opens with an introductory overview essay and explains why the authors reject the neoclassical, competitive vision of the economy. The essays included cover issues such as: the theory of multinational plant location, product differentiation, monopoly, models of value theory, capital with special reference to entry and exit barriers and entry equilibrium, the existence of pure profit and the theory of market pre-emption.

This volume will be welcomed by academics and researchers interested in the microeconomic issues of competition, monopoly, firm behaviour and markets.
‘Therefore, these four books published by Edward Elgar will be at the reference desks of all good economic libraries. In addition, the book on monopolistic competition and economic geography needs to enter all reading lists on the currently hottest topic in economics.’
– Miroslav N. Jovanovic, Economia Internazionale

‘An important new work on product differentiation, including spatial differentiation and the industrial structures that give rise to this phenomenon.’
– Business Horizons

‘This worthy volume testifies to the truth of the proposition that the original papers which kick off a literature are always worth reading.’
– Paul Gerowski, The Economic Journal
Contents: Introduction ‘Beyond Neoclassical Competitive Economics’ 1. ‘The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition’ 2. ‘The Non-Uniqueness of Equilibrium in the Löschian Location Model’ 3. ‘The Introduction of Space into the Neoclassical Model of Value Theory’ 4. ‘Spatial Monopoly, Natural Monopoly, Pure Profits, and Land Rents’ 5. ‘A Comment on Location and Industrial Efficiency with Free Entry’ 6. ‘Freedom of Entry and the Existence of Pure Profit’ 7. ‘The Theory of Market Pre-emption: The Persistence of Excess Capacity and Monopoly in Growing Spatial Markets’ 8. ‘Comparison Shopping and the Clustering of Homogeneous Firms’ 9. ‘The Block Metric and the Law of Markets’ 10. ‘Exit Barriers are Entry Barriers: The Durability of Capital as a Barrier to Entry’ 11. ‘Capital, Commitment, and Entry Equilibrium’ 12. ‘An Economic Theory of Central Places’ 13. ‘Address Models of Value Theory’ 14. ‘Product Differentiation’ 15. ‘The Theory of Multinational Plant Location: Agglomerations and Disagglomerations’ 16. ‘Increasing Returns, Indivisibility and All That’ Name Index