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1 Introduction -- 2 Simple Economic Models -- 3 Demand Theory: Preferences -- 4 Demand Theory: Constraints and Optimization -- 5 Preferences and Demand -- 6 Production Theory -- 7 Cost Theory -- 8 Firm and Industry Supply in the Short-run -- 9 Long-run Supply -- 10 Competitive Markets:...
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The goal of this article is to provide a general characterization of group behavior in a market environment. A crucial feature of our approach is that we do not restrict the form of individual preferences or the nature of individual consumptions; we allow for public as well as private...
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This paper attempts to analyze “central place theory” of spatial economics based on “supply and demand theory” in microeconomics and “field theory” in physics, and also discuss their relationship. Three most important research findings are described below. Firstly, the concept of...
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