Background
PANZAR, John Clifford was born in 1947 in Chicago Heights, Illinois, United States of America.
( The elder Keynes argues that almost every problem conn...)
The elder Keynes argues that almost every problem connected with the scope and method of political economy has given rise to conflict of opinion. The resulting controversies have sometimes been bitter. Those readers, who already have any acquaintance with the literature of economic method should be prepared to find that several of the chapters are controversial in character. At the same time, Keynes avoids the tone of a partisan and represents both sides of the argument without prejudice. While making no attempt to bring about a complete reconciliation between opposing views, Keynes shows the nature of the opposition between them has sometimes been misunderstood, and its extent consequently exaggerated. Since the scope and method of a science can never be satisfactorily discussed at the commencement of its study, some knowledge of political economy in its general outlines is assumed. The nature of the topics discussed in this classic is indicated in the introductory chapter. The abstract discussion of methods is one to which students of economics must necessarily give attention in the course of their reading, and its indirect bearing on the solution of practical economic questions is very close in contemporary importance in today’s society.
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(This book was originally published prior to 1923, and rep...)
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Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
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Hardcover. 8vo. Original maroon cloth. Second edition, revised. Sunning to spine, bumping to edges. Pages tanned, some wrinkling/creasing at fore-edges. Overall, sound. Good to Very Good.
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(Originally published in 1904. This volume from the Cornel...)
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PANZAR, John Clifford was born in 1947 in Chicago Heights, Illinois, United States of America.
Editorial Board, Journal of Economic Literature, since 1983., Information Economics and Policy, since 1982.
Technical Staff, Head, Economics Analysis Research Department, Bell Lab,
New Jersey, United States of America, 1974-1983, 1980-1983. Visiting Adjunct Association Professor, University California Berkeley, 1977. Visiting Professor of Economics, University Pennsylvania, 1983.
Professor of Economics, Northwestern University, Evanston, Illinois, United States of America,
. British Academy Carleton College, 1969. Massachusetts, Doctor of Philosophy Stanford University, 1973,
1975
Degrees Editorial Board, Journal of Economic Literature, since 1983., Information Economics and Policy, since 1982.
(Unlike some other reproductions of classic texts (1) We h...)
(Unlike some other reproductions of classic texts (1) We h...)
(This book was originally published prior to 1923, and rep...)
( The elder Keynes argues that almost every problem conn...)
( This work has been selected by scholars as being cultur...)
(This book, "The Scope And Method Of Political Economy", b...)
(This is a reproduction of a book published before 1923. T...)
(Originally published in 1904. This volume from the Cornel...)
(Lang:- eng, Pages 386. Reprinted in 2015 with the help of...)
(Hardcover. 8vo. Original maroon cloth. Second edition, re...)
My work has focussed primarily on the theory of economic regulation. Beginning with my thesis, I have had a continuing interest in the United States airline industry. Initially, this research analysed the effects of Civil Aeronautics Board regulation, but more recently it has been an attempt to understand the more complex workings of unregulated airline markets.
The other major thrust of my research has been in the theory of the multiproduct firm, particularly the multiproduct natural monopoly. This was a
natural by-product of the years I spent as a research economist at Bell Laboratories. In the course of exploring the proper theoretical framework for the analysis of policy issues involved in the regulation of multiproduct natural monopolies, my colleagues and I identified and analysed multiproduct cost concepts such as economies of scope and product-specific economies of scale.
These proved to be important concepts in the analysis of monopoly sustainability: i.e., the conditions under which a regulator could fix the prices of a natural monopolist and allow free entry into the industry without running the risk of inefficient entry by non-innovative firms. (Thus sustainability requires, inter alia, that there be no cross-subsidy among the products of the monopolist.) While the sustainability concept was developed for the case of regulated firms, it occurred to W.J. Baumol, R.D. Willig and myself that it was also an appropriate equilibrium concept for markets in which entry and exit are very easy. (Unregulated airline markets perhaps provide the best real world approximation.) Such contestable markets became the focus of our recent book.