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Multiple-Plant Firms, Cartels, and Imperfect Competition

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  • Don Patinkin

Abstract

I. Perfect monopoly: the short-run marginal cost curve, 174; the long-run cost curve, 179; intraplant vs. interplant economies and diseconomies, 181; the problem of optimum size, 184 — II. Mathematical analysis: geometric proof, 185; algebraic proof, 187. — III. Oligopoly: non-economic considerations, 192; the short-run marginal cost curve, 194; the long-run curve, 196; total cost, 196; long-run equilibrium, 197; elements of instability, 199. — IV. American experience: mixture of types, 200; decline of dominant firms, 202; the milk distributing industry, 203. — V. Conclusions, 205.

Suggested Citation

  • Don Patinkin, 1947. "Multiple-Plant Firms, Cartels, and Imperfect Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 61(2), pages 173-205.
    • Handle: RePEc:oup:qjecon:v:61:y:1947:i:2:p:173-205.
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    Citations

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    Cited by:

    1. Don Patinkin, 1987. "Walras' Law," WIDER Working Paper Series wp-1987-013, World Institute for Development Economic Research (UNU-WIDER).
    2. Stephen W. Salant, 1982. "Imperfect Competition in the International Energy Market: A Computerized Nash-Cournot Model," Operations Research, INFORMS, vol. 30(2), pages 252-280, April.
    3. Carlo Capuano & Iacopo Grassi & Riccardo Martina, 2020. "Patent protection and threat of litigation in oligopoly," Journal of Economics, Springer, vol. 130(2), pages 109-131, July.
    4. D. Patinkin, 1995. "The training of an economist," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 48(195), pages 359-395.
    5. António Brandão & Joana Pinho & Hélder Vasconcelos, 2014. "Asymmetric Collusion with Growing Demand," Journal of Industry, Competition and Trade, Springer, vol. 14(4), pages 429-472, December.
    6. Alan W. Evans, 1972. "The Pure Theory of City Size in an Industrial Economy," Urban Studies, Urban Studies Journal Limited, vol. 9(1), pages 49-77, February.
    7. Pierluigi Sabbatini, 2016. "The Coordinated Effect of a Merger with Balanced Sharing of Collusive Profits," Journal of Industry, Competition and Trade, Springer, vol. 16(3), pages 345-371, September.
    8. Richard Makadok, 2010. "The Interaction Effect of Rivalry Restraint and Competitive Advantage on Profit: Why the Whole Is Less Than the Sum of the Parts," Management Science, INFORMS, vol. 56(2), pages 356-372, February.
    9. Ismail Saglam, 2020. "Bargaining over collusion: the threat of supply function versus Cournot competition under demand uncertainty and cost asymmetry," The Japanese Economic Review, Springer, vol. 71(4), pages 671-693, October.
    10. John Whalley, 2012. "External Sector Rebalancing and Endogenous Trade Imbalance Models," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 6(4), December.
    11. Robert B. Ekelund Jr & Edward O. Price III, 2012. "The Economics of Edwin Chadwick," Books, Edward Elgar Publishing, number 14915.
    12. Saglam, Ismail, 2018. "Bargaining over Collusion Profits under Cost Asymmetry and Demand Uncertainty," MPRA Paper 84007, University Library of Munich, Germany.
    13. de Mesnard, Louis, 2009. "Is the French mobile phone cartel really a cartel?," International Journal of Production Economics, Elsevier, vol. 122(2), pages 663-677, December.
    14. Eli Borukhov, 1975. "Optimality in City Size and Systems of Cities: A Comment," Urban Studies, Urban Studies Journal Limited, vol. 12(3), pages 325-328, October.
    15. Faini, Riccardo & Schiantarelli, Fabio, 1985. "Oligopolistic models of investment and employment decisions in a regional context: Theory and empirical evidence from a putty-clay model," European Economic Review, Elsevier, vol. 27(2), pages 221-242, March.
    16. C. Tisdell, 1975. "The Theory of Optimal City-Sizes: Elementary Speculations about Analysis and Policy," Urban Studies, Urban Studies Journal Limited, vol. 12(1), pages 61-70, February.
    17. Ihsan Celen & Ismail Saglam, 2022. "Collusion in supply functions under technology licensing," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1362-1378, July.
    18. Aitor Ciarreta & Carlos Gutiérrez-Hita, 2012. "Collusive behaviour under cost asymmetries when firms compete in supply functions," Journal of Economics, Springer, vol. 106(3), pages 195-219, July.
    19. D. Patinkin, 1995. "The training of an economist," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 48(195), pages 359-395.
    20. Anne-Christine Barthel, 2013. "Extending The Scope Of Monotone Comparative Statics Results," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201305, University of Kansas, Department of Economics, revised May 2013.

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