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Price Flexibility and the "Degree of Monopoly"

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  • John T. Dunlop

Abstract

Introduction: two approaches to the problem, 522. — I. Rigidity as a relative concept, 522; as a characteristic of the total system of prices, 524; as an indication of the degree of monopoly, 525. — Measurement of the degree of monopoly, 526. — II. The method employed: average prime costs vs. marginal costs, 527. — The statistical technique, 529. — Analysis of the data, 530.

Suggested Citation

  • John T. Dunlop, 1939. "Price Flexibility and the "Degree of Monopoly"," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 53(4), pages 522-534.
    • Handle: RePEc:oup:qjecon:v:53:y:1939:i:4:p:522-534.
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    Cited by:

    1. Parra Álvarez, Juan Carlos & Misas A., Martha & López-Enciso, Enrique Antonio, 2011. "Heterogeneidad en la fijación de precios en Colombia : análisis de sus determinantes a partir de modelos de conteo," Chapters, in: López Enciso, Enrique & Ramírez Giraldo, María Teresa (ed.), Formación de precios y salarios en Colombia T.1, volume 1, chapter 8, pages 251-293, Banco de la Republica de Colombia.
    2. John T. Dunlop, 1998. "Real and Money Wage Rates," Journal of Economic Perspectives, American Economic Association, vol. 12(2), pages 223-234, Spring.

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