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The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis (en Inglés)
Gordon C. Winston (Autor)
·
Cambridge University Press
· Tapa Blanda
The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis (en Inglés) - Gordon C. Winston
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Reseña del libro "The Timing of Economic Activities: Firms, Households and Markets in Time-Specific Analysis (en Inglés)"
This study introduces 'time-specific' analysis of economic processes. Economic processes are conventionally analysed from one point in time to another over a series of time units - days, weeks, or years. By contrast, these time-specific models focus on the temporal character of events within the unit time - their timing, duration, and sequence - utilizing the information that is lost in the macroscopic time perspective of standard economic theory. What time-specific analysis reveals are economic and technological characteristics of goods and services - prices and cost behaviour and temporal mobility or immobility within the unit time - that affect capital productivity and its utilization, optimal schedules of production, work, and consumption, least-cost methods of producing time-shaped outputs, and efficient welfare-maximizing behavior in time-specific, including peak-load, markets.
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