The Assortment of Production

G. B. Richardson

in Information and Investment

Second edition

Published in print July 1997 | ISBN: 9780198292432
Published online November 2003 | e-ISBN: 9780191596810 | DOI:
 The Assortment of Production

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The efficiency of resource allocation is normally considered in terms of a model that assumes a fixed list of goods and given consumer preferences. But it is necessary to consider also the nature of the goods that will be produced and to recognize that consumer preferences between goods depend on the contribution made by them to the satisfaction of a complex of desires.

Keywords: Chamberlin; consumer preferences; monopolistic competition; optimal assortment; processes of adaptation; qualitative variation

Chapter.  5905 words.  Illustrated.

Subjects: Microeconomics

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