IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-37446-1_4.html
   My bibliography  Save this book chapter

Fixprice Competition

In: The Entrepreneurial Factor in Economic Growth

Author

Listed:
  • Harold Lydall

Abstract

Under conditions of either perfect or semi-perfect competition goods and services are, in effect, sold at auction to the highest bidder. Services have scarcely ever been sold like that; and, even in medieval times, most artisan products were sold in a different fashion. In modem industrialized economies only a very small proportion of total output — at most about 10–20 per cent — is sold by auction. The great bulk of products is sold at prices fixed by their producers or sellers. I have borrowed from Professor Hicks the term ‘fixprice’ to describe this type of market.

Suggested Citation

  • Harold Lydall, 1992. "Fixprice Competition," Palgrave Macmillan Books, in: The Entrepreneurial Factor in Economic Growth, chapter 4, pages 36-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37446-1_4
    DOI: 10.1057/9780230374461_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-0-230-37446-1_4. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.