Cover Image
QR Code

Shift or Pivot? Market Entry and Exit With Linear Supply and Demand Curves.

Textbooks commonly misrepresent the effects of market entry and exit by consumers and producers as parallel shifts of linear market demand and supply curves. Such portrayals are inconsistent with the underlying premise that a market-level curve is the horizontal summation of individual-level curves....

Full description

Published in:American Economist Vol. 69; no. 1; pp. 168 - 187
Main Author: Eisenhauer, Joseph G.
Format: Article
Published: Sage Publications Inc. Mar2024
Subjects:
Market exit
Demand function
Market entry
Supply & demand
Tax incidence
Online Access:View this record in EBSCOhost