IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v49y1934i1p104-120..html
   My bibliography  Save this article

What is Perfect Competition?

Author

Listed:
  • Joan Robinson

Abstract

Two notions often lumped together, 104.— The idea of normal profits, 106.— Not connected with perfect competition, 107.— Two levels of normal profits, 108.— Conditions necessary for perfect competition: the character of the market, 112; the number of firms selling in the market, 114.— The assumption that the output of other firms remains unchanged, 117.— Conclusion, 119.

Suggested Citation

  • Joan Robinson, 1934. "What is Perfect Competition?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(1), pages 104-120.
    • Handle: RePEc:oup:qjecon:v:49:y:1934:i:1:p:104-120.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1883878
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hannes Hobbie & Constantin Dierstein & Dominik Möst & Matthew Schmidt, 2023. "Learning by Doing: Insights from Power Market Modelling in Energy Economics Courses," SN Operations Research Forum, Springer, vol. 4(2), pages 1-28, June.
    2. Jeffrey M. Perloff & Steven C. Salop, 1985. "Equilibrium with Product Differentiation," Review of Economic Studies, Oxford University Press, vol. 52(1), pages 107-120.
    3. Eduard Hartwich & Alexander Rieger & Johannes Sedlmeir & Dominik Jurek & Gilbert Fridgen, 2023. "Machine economies," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-13, December.
    4. Golecha, Rajdeep & Gan, Jianbang, 2016. "Effects of corn stover year-to-year supply variability and market structure on biomass utilization and cost," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 34-44.
    5. Ruyun (Ivy) Feng & Michael D. Kimbrough & Sijing Wei, 2022. "The role of information transparency in the product market: an examination of the sustainability of profitability differences," Review of Accounting Studies, Springer, vol. 27(2), pages 668-705, June.
    6. Heritiana Ranaivoson, 2005. "The economic analysis of product diversity," Cahiers de la Maison des Sciences Economiques r05083, Université Panthéon-Sorbonne (Paris 1).
    7. Jacques-François Thisse & Philip Ushchev, 2018. "Monopolistic competition without apology," Chapters, in: Luis C. Corchón & Marco A. Marini (ed.), Handbook of Game Theory and Industrial Organization, Volume I, chapter 5, pages 93-136, Edward Elgar Publishing.
    8. Mathieu Parenti & Alexander V. Sidorov & Jacques-François Thisse & Evgeny V. Zhelobodko, 2017. "Cournot, Bertrand or Chamberlin: Toward a reconciliation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 13(1), pages 29-45, March.
    9. Vincent Zha, 2021. "The separation of market and price in some free competitions and its related solution to the over-application problem in the job market," Papers 2106.05972, arXiv.org, revised Jun 2021.
    10. Marc Cowling & Simon Peter Nadeem, 2020. "Entrepreneurial Firms: With Whom Do They Compete, and Where?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 559-577, November.
    11. Mertens, Matthias, 2021. "Labour market power and between-firm wage (in)equality," IWH Discussion Papers 13/2020, Halle Institute for Economic Research (IWH), revised 2021.
    12. Luca Zamparelli, 2009. "Average cost and marginal cost pricing in Marshall: Textual analysis and interpretation," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(4), pages 665-694.
    13. Mark Hayes, 2006. "The Economics of Keynes: A New Guide to The General Theory," Books, Post Keynesian Economics Society (PKES), number nggt.
    14. Rossitsa Chobanova, 2023. "Evaluation of innovations in enterprises: theoretical aspects," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 359-379.
    15. Heritiana Ranaivoson, 2005. "The economic analysis of product diversity," Post-Print halshs-00197137, HAL.
    16. Parenti, Mathieu & Sidorov, Alexander & Thisse, Jacques-François, 2014. "Revisiting Cournot and Bertrand in the presence of income effects," MPRA Paper 69641, University Library of Munich, Germany.
    17. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    18. Georgi Burlakov, 2015. "Exogenous Expenses in Industries with Vertical Product Differentiation and Quality Constraints," CERGE-EI Working Papers wp530, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    19. 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.
    20. Ilona Bažantová & Jan Horych, 2022. "Konkurence a monopol v předkeynesovské neoklasice a koncepce J. Robinsonové a E. Chamberlina [Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts of J. Robinson and E. Chamberl," Politická ekonomie, Prague University of Economics and Business, vol. 2022(3), pages 361-382.
    21. Christoph Feichter & Frank Moers & Oscar Timmermans, 2022. "Relative Performance Evaluation and Competitive Aggressiveness," Journal of Accounting Research, Wiley Blackwell, vol. 60(5), pages 1859-1913, December.
    22. Emaeyak Peter Sylvanus & Obiocha Purity Eze-Emaeyak, 2018. "The business of film music in mainstream Nollywood: competing without advantage," Journal of Cultural Economy, Taylor & Francis Journals, vol. 11(2), pages 141-153, March.
    23. Bullock, J. Bruce, 1981. "Research Priorities in Agricultural Marketing: A Perspective from Academia," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279377, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    24. Bullock, J. Bruce, "undated". "Research Priorities in Agricultural Marketing," Working Papers 256563, University of Missouri Columbia, Department of Agricultural Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:49:y:1934:i:1:p:104-120.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.