The Number of Firms and Competition.
But even with the annoying discontinuities that arise when there is an optimal firm or plant size, the important general result still holds: When there are at least two non-colluding firms in an industry, there is no clear-cut relationship between the number of firms and the degree of competition. T...
| Publicado en: | American Economic Review Vol. 62; no. 4; pp. 670 - 675 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
Sep72
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4509706&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4509706 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Sep72 vid: 62 iid: 4 pid: 22 pub: American Economic Association artinfo: ui: 4509706 ppf: 670 ppct: 5 formats: tig: atl: The Number of Firms and Competition. aug: au: Fama, Eugene F. Laffer, Arthur B. affil: Professor, Graduate School of Business, University of Chicago. Associate Professor, Graduate School of Business, University of Chicago. su: Economic equilibrium Competition Industrial organization (Economic theory) Demand function Factors of production Perfect competition Size of industries Production functions (Economic theory) Production (Economic theory) sug: subj: Economic equilibrium Competition Industrial organization (Economic theory) Demand function Factors of production Perfect competition Size of industries Production functions (Economic theory) Production (Economic theory) ab: But even with the annoying discontinuities that arise when there is an optimal firm or plant size, the important general result still holds: When there are at least two non-colluding firms in an industry, there is no clear-cut relationship between the number of firms and the degree of competition. The absence of perfect competition must arise from violation of one or more of the conditions C1-C6--that is, it must arise from such things as indivisibilities, factor immobility, nonmaximizing behavior by factors, monopolistic access by individual firms to production techniques, and lack of information concerning the returns earned by given factors in different uses. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1972 holdings: @attributes: islocal: N |
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