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Doctrines of Imperfect Competition

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  • R. F. Harrod

Abstract

I. Effects of imperfect competition on equilibrium theory. — Possibility of downward sloping demand curves, 442. — Particular sources of supply can have no decreasing costs, 443. — Limit of application of the new analysis, as regards monopoly and perfect competition, 445. — Some technical apparatus, 446. — A summary, 459. — II. Imperfect competition leads to distortion from the optimum distribution of resources, 461. — Price-fixing and fixing of wages may improve the distribution, 463. — III. The new analysis is important for trade cycle theory, 465. — Decreasing costs are possible for industries in short periods as well as in long, 465. — Examination of Pigou's reasoning, 468. — Bearing on the psychological theory of the trade cycle, 469.

Suggested Citation

  • R. F. Harrod, 1934. "Doctrines of Imperfect Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 48(3), pages 442-470.
    • Handle: RePEc:oup:qjecon:v:48:y:1934:i:3:p:442-470.
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    File URL: http://hdl.handle.net/10.2307/1882823
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    Citations

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    Cited by:

    1. Michaël Assous & Olivier Bruno & Muriel Dal-Pont Legrand, 2015. "The Law of Diminishing Elasticity of Demand in Harrod’s Trade Cycle (1936)," GREDEG Working Papers 2015-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Antonella Rancan, 2012. "The Origin of the Sylos Postulate: Modigliani’s and Sylos Labini’s Contributions to Oligopoly Theory," Center for the History of Political Economy Working Paper Series 2012-08, Center for the History of Political Economy.
    3. Evgeny A. Kuzmin & Elena E. Volkova & Alena V. Fomina, 2019. "Research on the Concentration of Companies in the Electric Power Market of Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 130-136.
    4. Daniele Besomi, 2002. "Lowe's and Hayek's influence on Harrod's trade cycle theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(1), pages 42-56.
    5. J. Daniel Hammond, 2010. "The Development of Post-war Chicago Price Theory," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 1, Edward Elgar Publishing.
    6. Besomi, Daniele, 2008. "James Anthony Lawson on commercial panics and their recurrence," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 330-341, December.
    7. Nicolas Piluso & Gabriel Colletis & Adrien Blanchet & Mehdi Badra, 2023. "Mobility and Income Distribution," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 21(4), pages 803-815, December.
    8. Olivier Bruno & Muriel Dal-Pont Legrand, 2014. "The instability principle revisited: an essay in Harrodian dynamics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(3), pages 467-484, June.
    9. Puty, Cláudio Alberto Castelo Branco, 2018. "Sectoral mark-ups in U.S. Manufacturing," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 107-125.
    10. Alvaro Cencini, 2012. "Is there a common cause to economic and financial crises?," Chapters, in: Claude Gnos & Sergio Rossi (ed.), Modern Monetary Macroeconomics, chapter 7, pages 193-217, Edward Elgar Publishing.
    11. Álvaro Martin Moreno Rivas, 2005. "Del filo de la navaja a la cáscara de nuez: un nuevo examen de la dinámica de Harrod," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 7(13), pages 101-132, July-Dece.
    12. Douglas, Niall Edward, 2006. "Explain ‘conjectural variation’ in Cournot duopoly, evaluate its impacts and discuss the policy implication," MPRA Paper 13652, University Library of Munich, Germany.
    13. Brian Tew, 1999. "Kalecki's ''Essays in the Theory of Economic Fluctuations''," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 273-282.

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