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02678aam a2200373 i 4500 001 1C90B5C86B5411E69AFE1DDBDAD10320 003 SILO 005 20160826010517 008 150518t20152015enk b 001 0 eng 010 $a 2015002846 020 $a 9781316383063 020 $a 1316383067 020 $a 1107097797 020 $a 9781107097797 035 $a (OCoLC)909537876 040 $a DLC $e rda $b eng $c DLC $d YDX $d YDXCP $d IUL $d CDX $d OCLCF $d GBVCP $d CHVBK $d SILO 042 $a pcc 050 00 $a HB241 O66 2015 100 1 $a Opocher, Arrigo, $e author. 245 10 $a Full industry equilibrium : $b a theory of the industrial long run / $c Arrigo Opocher and Ian Steedman. 264 1 $a Cambridge, United Kingdom : $b Cambridge University Press, $c 2015. 300 $a xvi, 215 pages ; $c 24 cm 504 $a Includes bibliographical references (pages 201-208) and index. 505 0 $a Introduction -- 1. Taking seriously the tendency to zero net profits -- 2. An isolated industry -- 3. Multiproduct firm -- 4. Interdependent industries -- 5. Industry-level input use. Some aftershocks from capital theory -- 6. The 'autonomous' components of input prices -- 7. The effects of taxation -- 8. Productivity increase -- 9. Full industry equilibrium in retrospect -- 10. Conclusion. 520 $a "This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often economists expect more from the microeconomic laws of input demand and output supply than they can really give. The authors show that the zero-net-profit condition requires a more articulated analysis that sometimes yields qualitative results contrary to those of familiar economic laws. Written for academic researchers and graduate students, the book will be of particular interest to those working on the microeconomics of industry equilibrium, comparative statics and Sraffian economics"-- $c Provided by publisher. 650 0 $a Production (Economic theory) 650 0 $a Microeconomics. 650 0 $a Managerial economics. 700 1 $a Steedman, Ian, $e author. 856 42 $3 Cover image $u http://assets.cambridge.org/97811070/97797/cover/9781107097797.jpg 941 $a 1 952 $l USUX851 $d 20160826050833.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=1C90B5C86B5411E69AFE1DDBDAD10320 994 $a C0 $b IWAInitiate Another SILO Locator Search