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MARGINAL PRICE CHANGES ARE WEIGHTED AVERAGES OF MARGINAL SHIFTS IN THE INVERSE DEMAND AND MARGINAL COST FUNCTIONS IN OLIGOPOLISTIC MARKETS.

The comparative statics of market prices under profit maximization imply that marginal price changes are weighted averages of marginal changes in weighted averages of shifts in household inverse demand functions and firm's marginal cost functions. This result may or may not lend itself to empirical...

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Published in:Southern Economic Journal Vol. 44; no. 2; pp. 201 - 208
Main Author: Watkins, Thayer
Format: Article
Published: Wiley-Blackwell Oct77
Subjects:
Oligopolies
Direct costing
Demand function
Online Access:View this record in EBSCOhost