Industrial Market Structure and Economic Performance |
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Page 151
... oligopoly pricing theories - some simple , some marvels of mathematical complexity . This prolif- eration of theories is mirrored by an equally rich array of behavioral patterns actually observed under oligopoly . Casual observation ...
... oligopoly pricing theories - some simple , some marvels of mathematical complexity . This prolif- eration of theories is mirrored by an equally rich array of behavioral patterns actually observed under oligopoly . Casual observation ...
Page 152
... oligopoly problem is indeterminate.2 This is correct , in the narrow sense that one cannot forge unique and compel- ling mechanistic links from cost and demand conditions to price equilibria . But it would be misleading to conclude that ...
... oligopoly problem is indeterminate.2 This is correct , in the narrow sense that one cannot forge unique and compel- ling mechanistic links from cost and demand conditions to price equilibria . But it would be misleading to conclude that ...
Page 167
... oligopoly behavior . Interviews with business ex- ecutives and the testimony recorded in numerous antitrust investigations reveal that a paramount consideration deterring price cutting , especially in industries with few sellers and ...
... oligopoly behavior . Interviews with business ex- ecutives and the testimony recorded in numerous antitrust investigations reveal that a paramount consideration deterring price cutting , especially in industries with few sellers and ...
Contents
A note on methodology | 6 |
Qualifications and doubts | 21 |
Workable competition | 41 |
Copyright | |
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advertising agreements American Economic Review analysis Antitrust policy assets average barriers basing point behavior Business Week buyers capacity capital cartel changes Chapter collusion companies competition concentrated industries concentration ratios conglomerate consumers corporations decisions demand curve dominant firm Economic Journal effect enterprises entrants entry evidence Federal Trade Commission firm's four-firm function growth higher increase Industrial Economics innovation investment Journal of Economics Journal of Industrial Journal of Political less limit pricing long-run manufacturing industries marginal cost market share market structure ment merger monopolistic Monopolistic Competition monopoly power Multi-Plant Operation nations nomic oligopolistic oligopoly optimal output patent percent plant price cutting price discrimination price leadership price-fixing problem product differentiation profit maximization relatively result retail Review of Economics rivals scale economies sellers selling Sherman Act short-run steel strategy studies sumers supra technological theory tion U.S. Steel unit cost variables vertical