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Competition as a Policy Objective
Uncertainty Error and Firms of Differing Efficiency
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accounting profits advertising allocation American Economic Review antitrust laws assume assumptions atomistic average cost capital cartels Chamberlin collusion Comanor concentrated industries Concentration Ratios consumer surplus cost function Cournot demand curve dissolution economists effect efficiency elasticity empirical entrants entry equal estimates example factors Fellner fewer firms four firms given Herfindahl index higher Ibid important industrial structure infer innovations inputs inventive output Journal of Political large firms larger largest firms Lerner index less Mansfield marginal cost market share Market Structure maximize measured merger minimum monopolist monopoly Neal Report number of firms number of sellers oligopolistic output rate patents perfect competition Political Economy problem Product Differentiation Production Period profit rates public policy purely competitive question rate of output Rates of Return regulation relative relevant returns to scale rivals small firms smaller static statistical relationship Stigler studies Theory of Oligopoly things tion volume Yoram Barzel