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Monopolistic and Imperfect Competition in Retail Trade

In: Monopoly and Competition and their Regulation

Author

Listed:
  • Jane Aubert-Krier

    (University of Rennes)

Abstract

To proclaim the prevalence of monopoly in any sector of the national economy in which the criteria set up by the theory of perfect competition are not fulfilled, and to recommend the abolition of the monopolistic element, is not enough for a positive policy for that sector. The conceptual controversy about competition and monopoly has shown that pure and perfect competition itself is open to criticism from the point of view of a welfare economy, and that monopoly, so often prejudicial to the consumer, need not necessarily be so. Only the study of the sector, however limited a market it may be, can enable theoretical analysis to be carried any further, whilst at the same time affording guidance in the choice of an appropriate economic policy.

Suggested Citation

  • Jane Aubert-Krier, 1954. "Monopolistic and Imperfect Competition in Retail Trade," International Economic Association Series, in: Edward H. Chamberlin (ed.), Monopoly and Competition and their Regulation, pages 281-300, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08434-0_15
    DOI: 10.1007/978-1-349-08434-0_15
    as

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