There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Just as we learn from, influence, and are influenced by others, our social interactions drive economic growth in cities, regions, and nations--determining where households live, how children learn, and what cities and firms produce. From Neighborhoods to Nations synthesizes the recent economics of social interactions for anyone seeking to understand the contributions of this important area. Integrating theory and empirics, Yannis Ioannides explores theoretical and empirical tools that economists use to investigate social interactions, and he shows how a familiarity with these tools is essential for interpreting findings. The book makes work in the economics of social interactions accessible to other social scientists, including sociologists, political scientists, and urban planning and policy researchers. Focusing on individual and household location decisions in the presence of interactions, Ioannides shows how research on cities and neighborhoods can explain communities' composition and spatial form, as well as changes in productivity, industrial specialization, urban expansion, and national growth. The author examines how researchers address the challenge of separating personal, social, and cultural forces from economic ones. Ioannides provides a toolkit for the next generation of inquiry, and he argues that quantifying the impact of social interactions in specific contexts is essential for grasping their scope and use in informing policy. Revealing how empirical work on social interactions enriches our understanding of cities as engines of innovation and economic growth, From Neighborhoods to Nations carries ramifications throughout the social sciences and beyond.
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
In The Killer Knows Why, pulp fiction author Yannis Mitsopoulos draws readers in with ease by throwing open the doors to his home of Greece, letting them experience the romance of the settings tucked in the mountains and coasts, along with the secrets that entice them to read each of his seven spellbinding stories with complete abandon. Mitsopoulos weaves the stories in and out of everyday lives, traditions, and beliefs as he allows his readers to become voyeurs into the minds of those that kill for a reason. The first story tells the tale of a woman whose life has been one of missed opportunities, only to regain a life for herself through the secret found in her fathers journal. In the second story, a little boys love for a race car carries him to a tragic end. The Killer Knows Why tells five more tales: Greek tragedies intertwine old curses through modern lives only to end, well, tragically as a family spins their tale for everyone to see. An artist finds that Death can be an inspiring muse. A young ex-soldier finds that fatherhood can push him to fight even the devils of the deep to bring his daughter back. A man that tries to not let others poison his life, his thoughts ends his life while attempting to poison the one that poisoned him. And, a mother that knows what is best for her daughter ensures with a little help that both their lives are secure. Seven stories wrap around the reader like a bright, beautiful day only to find that even beautiful days have their moments of cold. Yannis Mitsopoulos draws his inspiration from real life events, situations, and places, lending to the ambience with which he weaves into his fiction. Mitsopoulos invites readers to experience a taste of Greece, so do not hesitate! Grab your favorite sweater then let yourself experience the warmth and chill of The Killer Knows Why. Review written by Jason Rutherford
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