Economics of Services

Microfoundations, Development and Policy: Second Edition

AvJan Owen Jansson

Häftad, Engelska, 2014

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Beskrivning

Despite the fact that services have overtaken industry in terms of employment and GDP in developed countries, rigorous economic study of the service sector remains seriously neglected. The first edition of The Economics of Services initiated a redress of this oversight. Fully revised and updated, the second edition of this highly acclaimed textbook should be required complimentary reading to mainstream microeconomics textbooks for graduate students of economics and for advanced courses in labor, urban and regional economics, economic geography and economic history.The text emphasizes the distinction between intermediate producer services and final consumer services. Many of the former are traded in global markets much like material goods in general, whilst the markets for consumer services are markedly local. This requires quite different micro-foundations in each case. Other key issues explored include the productivity development and quality of service measurements, as well as the key role of urbanization for service sector growth.The critical issues for the future of the real economy, beyond the financial crisis, are also analyzed in depth. The author illustrates how a better understanding of the nature of the service economy is necessary for policy innovation, with a view to regenerating the welfare state.

Produktinformation

Utgivningsdatum:2014-04-30
Mått:156 x 234 x undefined mm
Format:Häftad
Språk:Engelska
Upplaga:2
Förlag:Edward Elgar Publishing Ltd
ISBN:9781782540847

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap
Servicesektorn inom Ekonomi och Ledarskap

Mer om författaren

Jan Owen Jansson, Professor Emeritus, Linköping University, Sweden

Recensioner i media

Acclaim for the first edition:

Innehållsförteckning

Contents: PrefacePart I: Introduction 1. Purpose, Definitions and Present Structure of Service Consumption 2. Three Phases in the Development of Service Sector Employment 3. Key Service Characteristics for Economic Analysis Part II: Micro Foundations 4. Adding the Spatial Aspect to Elementary Cost Theory5. Service Production Costs 6. Service Distribution Costs 7. The Basic Trade-off and Derivation of the Supply-System Cost Function 8. Optimal Charges for Services with the Focus on the User Cost Component 9. Location Patterns and Competition Part III: Driving Forces For and Against the Service Economy 10. Interpreting the Past Development by the Model of Unbalanced Productivity Growth 11. Urbanization and the Emergence Service Markets 12. Transport Motorization, Market Area Enlargement and Urban Sprawl 13. Towards a Self-Service Economy with Edge City Settlers as Prime Movers? Part IV: Public Policy Towards Services 14. Policy for Promotion of Urban Amenities 15. The Overriding Problem of the Modern Welfare State 16. Trust in Economic Growth Cannot Replace Allocation Policy 17. Merit Goods Revisited 18. Towards Allocative Efficiency 1: Reformation of the Resource Allocation Over the Budget 19. Towards Allocative Efficiency 2: Marginal Cost Pricing and Differential Commodity Taxation 20. Towards X-efficiency in Public Service Provision 21. Summary of Policy Recommendations ReferencesIndex