Frontmatter -- Preface -- Contents -- Chapter 1: Introduction -- Chapter 2: A Framework for Analysis -- Chapter 3: Optimum Differentiation I: The Paradigm Case -- Chapter 4: Optimum Differentiation II: The Effect of Outside Goods -- Chapter 5: Market Demand -- Chapter 6: Perfect Monopolistic...

Trade, Markets and Welfare brings together a selection of Kelvin Lancaster’s seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely.

Consumer Theory brings together in one volume the most significant contributions to the subject by leading scholars. Ranging over the period from 1915 to the present, the articles explore the foundations of neoclassical theory and discuss preference and the structure of preferences. The book...

Professor Lancaster has made a major contribution to consumer theory. His work on the consumer's decision-making process has been particularly influential. This coherent thematic selection of his most important recent essays, some of which are published here for the first time, reflect the major...