Competition: The Ways To Perfection
AbstractIn the economic literature of the nineteenth and twentieth centuries, perfect competition rests on essentially two different types of foundations, the distinction of which has not always been emphasized enough. According to the first type, perfect competition prevails when the agents, small relative to the market, completely lack the power to influence their environments, be it in a cooperative or a non-cooperative context. According to the second, perfect competition results from the agents’ normal conduct, independently of their size: either peaceful price taking or, on the contrary, aggressive undercutting. The paper reviews and compares briefly these different categories of foundations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by L'Harmattan in its journal Cahiers d'économie Politique.
Volume (Year): (2012)
Issue (Month): 63 ()
Contact details of provider:
Web page: http://www.cahiersdecopo.fr/fr/
Postal: 142 rue du faubourg Saint-Martin. 75010 Paris, France.
Find related papers by JEL classification:
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Marc Deschamps, 2013. "Pourquoi des politiques de concurrence ?," GREDEG Working Papers 2013-23, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlos Andrés Vasco Correa).
If references are entirely missing, you can add them using this form.