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Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

by Kiyohiko G. Nishimura
RM153.00 MYR
Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics
Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

Microeconomics meets macroeconomics; illuminates nominal rigidity.

If you're intrigued by the interplay between individual firms' decisions and larger economic phenomena, "Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics" could be a revealing read. Nishimura's exploration into how imperfect information affects market dynamics and microeconomic underpinnings of macroeconomic theory could deepen your understanding of the complexities within economic systems. This is particularly suitable if you're someone who appreciates rigorous analysis and an approach that bridges two critical domains of economic theory.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

by Kiyohiko G. Nishimura
RM153.00 MYR
Condition guide

Book Condition Guide

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This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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ISBN: 9780198286172
Authors: Kiyohiko G. Nishimura
Publisher: Oxford University Press
Date of Publication: 1992-12-10
Format: Hardcover
Related Collections: Economics, Business, Science
Related Topics: Management, Finance, Sociology, Society, Mathematics, Physics
Goodreads rating: 0.0
(rated by 0 readers)

Description

Using a macroeconomic model, Nishimura links a microeconomic model of imperfectly informed firms in monopolistic competition to a general theory of wage and price setting. His analysis is based on profit maximization and rational behavior, in line with the New Keynesian approach in its emphasis on the microeconomic foundations of macroeconomics. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.
 

Microeconomics meets macroeconomics; illuminates nominal rigidity.

If you're intrigued by the interplay between individual firms' decisions and larger economic phenomena, "Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics" could be a revealing read. Nishimura's exploration into how imperfect information affects market dynamics and microeconomic underpinnings of macroeconomic theory could deepen your understanding of the complexities within economic systems. This is particularly suitable if you're someone who appreciates rigorous analysis and an approach that bridges two critical domains of economic theory.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.