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Logic of Choice and Economic Theory

S. N. Afriat

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198284611
eISBN:
9780191595844
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198284616.001.0001
Subject:
Economics and Finance, Microeconomics

This book approaches various aspects of economics that have to do with choice, and the opportunity for it, such as individual and social choice, production, optimal programming, and the market. The ... More


Product Innovation and Welfare

Paul Stoneman, Eleonora Bartoloni, and Maurizio Baussola

in The Microeconomics of Product Innovation

Published in print:
2018
Published Online:
March 2018
ISBN:
9780198816676
eISBN:
9780191858321
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198816676.003.0012
Subject:
Economics and Finance, Microeconomics

This chapter addresses the impact of product innovation on economic welfare, initially defined as the sum of consumer and producer surpluses. In a static framework, it is shown how product innovation ... More


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