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Item Details
| Title:
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THE TIMING OF ECONOMIC ACTIVITIES
FIRMS, HOUSEHOLDS AND MARKETS IN TIME-SPECIFIC ANALYSIS |
| By: |
Gordon C. Winston |
| Format: |
Paperback |
| List price:
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£38.00 |
| Our price: |
£33.25 |
| Discount: |
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| You save:
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£4.75 |
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| ISBN 10: |
0521070929 |
| ISBN 13: |
9780521070928 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
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| Stock: |
Currently 0 available |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
1 August, 2008 |
| Pages: |
360 |
| Description: |
This study introduces 'time-specific' analysis of economic processes. |
| Synopsis: |
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. |
| Illustrations: |
Illustrations |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
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