Price Theory and Applications: 2nd Edition

Author: B. Peter Baezner
Publisher:
Publish Date: 1998-08-01
Features: Transforming the obscure into the vivid, the abstract into the concrete—this is the primary motivation behind the author writing this book. Pricing is a crucial component of a market economy. This book introduces the principles of pricing policy and application, starting from the prerequisites such as consumer behavior, corporate technology and costs, and market behavior. A wealth of charts, carefully selected cases, and entirely new content absent in many traditional textbooks form the unique features of this book.
PART 1 Introduction: Supply and Demand
Chapter 1 Pricing and the Demand and Supply Model
Part II Consumer Behavior
Chapter 2 Consumer Behavior and Market Demand
Chapter 3 Extending the Theory of Consumer Behavior
Chapter 4 The Cost of Time and the Theory of Consumer Behavior
Part III The Firm: Its Technology and Costs
Chapter 5 The Production Function and Costs of the Firm
Chapter 6 The Cost Functions of the Firm
Part IV The Firm and Market Behavior
Chapter 7 The Supply Functions of a Competitive Firm
Chapter 8 Price Determination in a Competitive Industry
Chapter 9 Monopoly
Chapter 10 Oligopoly and Monopolistic Competition
Chapter 11 Monitoring the Corporation: Corporate Governance
Part V Pricing: Practices and Policies
Chapter 12 Price Discrimination
Chapter 13 The Free-Rider Problem and Pricing
Chapter 14 Market Behavior with Asymmetric Information
Chapter 15 Pricing Under Uncertainty
Part VI Intertemporal Equilibrium and Factor Markets
Chapter 16 Consumer and Supplier Behavior Over Time
Chapter 17 Wage Determination in Labor Markets
Part VII Markets and Economic Efficiency
Chapter 18 Economic Efficiency and General Equilibrium
Chapter 19 Externalities and Public Goods
Suggested Answers to Selected Exercises and Problem Sets
Index