THE USES OF DIVERSITY: COMPETITIVE BEARINGS OF DIVERSITIES IN COST AND DEMAND FUNCTIONS.
This paper is concerned with some aspects of the formidable problem of defining conditions under which the action of competitive forces may be both feasible and effective in an industrial age of gigantic units and massively-applied science and all the difficulties they bring with them. By way of nor...
| Publicado en: | American Economic Review Vol. 48; no. 2; pp. 474 - 483 |
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| Formato: | Artículo |
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American Economic Association
May58
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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=8749069&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 8749069 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: May58 vid: 48 iid: 2 pid: 22 pub: American Economic Association artinfo: ui: 8749069 ppf: 474 ppct: 9 formats: tig: atl: THE USES OF DIVERSITY: COMPETITIVE BEARINGS OF DIVERSITIES IN COST AND DEMAND FUNCTIONS. aug: au: Clark, J. M. su: Competition International economic integration Capital movements Creative ability in science Economic equilibrium International trade Production (Economic theory) Supply & demand sug: subj: Competition International economic integration Capital movements Creative ability in science Economic equilibrium International trade Production (Economic theory) Supply & demand ab: This paper is concerned with some aspects of the formidable problem of defining conditions under which the action of competitive forces may be both feasible and effective in an industrial age of gigantic units and massively-applied science and all the difficulties they bring with them. By way of normative criteria, the efficiency of large scale production and the progress stemming from applied science, including varied products to choose from and favorable conditions for choosing. All this is without losing the essential protections of competitive forces; but these essentials obviously differ from "pure and perfect" competitive equilibrium, thus challenging us to define desirable departures, inherent in competitive progress. After all, "perfection" is not a relevant standard by which to judge an endless dynamic process of creation and erosion of temporary innovational positions and competitive differential advantages. One of the chief things that goes with competitive progress is diversity, of many sorts, in methods and scale of production and in resulting costs and cost-price relationships. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1958 holdings: @attributes: islocal: N |
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