Contestable Markets and the Theory of Industry StructureHarcourt Brace Jovanovich, 1982 - 510 pages This text presents an integrative theory of what determines prices and industrial structure in contestable markets. The exposition extends theory and technique and suggests some unique perspectives from which to view regulatory and deregulatory policy. |
Table des matières
1F Responsive Pricing and Equilibrium in Market Structure | 12 |
2B Industry Equilibrium | 24 |
2D Existence and Optimality of Sustainable Industry Configurations | 32 |
Droits d'auteur | |
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Autres éditions - Tout afficher
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Affichage d'extraits - 1988 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Affichage d'extraits - 1982 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Affichage d'extraits - 1982 |
Expressions et termes fréquents
AC curve analysis assumption average cost curve average incremental cost Baumol behavior capital Chapter competitive equilibrium concept construction cost complementarities cost function cost surface cost-minimizing cross subsidy definition demand functions discussion economies of scope efficient entry barriers entry costs equal example feasible Figure firm's firms producing fixed costs hyperplane implies incumbent firms industry configuration industry cost industry output industry structure industry's input prices integer intertemporal investment invisible hand locus marginal cost market demand minimization minimum monopolist multiproduct firm natural monopoly number of firms oligopoly optimal output vector perfect competition perfectly contestable markets period potential entrants price vector product set product-specific profitable entry quantities Ramsey optimum Ramsey prices Ramsey-optimal ray average cost relevant requires result returns to scale revenues satisfy scale economies single-product subadditivity sufficient sunk costs sustainable configuration sustainable prices tion total cost trans-ray convexity translog unsustainability Willig y₁ yields zero