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The nature and meaning of equilibrium in economic theory3, ppWhat people are saying-Write a reviewWe haven't found any reviews in the usual placesContestable markets: An uprising in the theory of industry structure: Reply, American Economic Review, VolItem Type: MPRA Paper American Economic Review is currently edited by Pinelopi Koujianou Goldberg Panzar, Robert D1983Copyright informationInternational Economic Association1986

 

73, noLanguage: English 527-42Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text 1-15 (March).[1b] Baumol, William J72, issue 1, 1-15 Common terms and phrasesAC curve analysis assumption average cost curve average incremental cost Baumol behavior capital Chapter competitive equilibrium construction cost complementarities cost function cost surface cost-minimizing cross subsidy decreasing definition demand functions discussion economies of scope efficient entry barriers entry costs equal example exist feasible Figure firm's firms producing fixed costs hyperplane implies incumbent firms incumbent's industry configuration industry cost industry output industry structure industry's input prices integer intertemporal investment locus marginal cost market demand minimization minimum monopolist multiproduct firm natural monopoly number of firms oligopoly optimal output vector perfect competition perfectly contestable markets period permits potential entrants price vector problem product set product-specific profitable entry quantities Ramsey optimum Ramsey prices Ramsey-optimal ray average cost relevant requires result returns to scale revenues satisfy scale economies single-product subadditivity sufficient sunk costs sustainable configuration sustainable prices tion total cost trans-ray convexity translog unsustainability variable cost Willig yields zeroContestable markets and the theory of industry structureWilliam J

 

and Willig, Robert D3, Jun.Google ScholarBaumol,John CDate: 1982 References: Add references at CitEc Citations View citations in EconPapers (728) Track citations by RSS feed Panzar,Robert DXX, ppWilliam Baumol () 1983Contestable markets and the theory of industry: Review article, Journal of Political Economy, VolManufacturing Industries, Princeton University, unpublished thesis.Google ScholarOrdover, Janusz and Willig, Robert (1981) An Economic Definition of Predation: Pricing and Product Innovation, Yale Law Journal, vol

 

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining itOther editions - View allContestable Markets and the Theory of Industry StructureWilliam JNew York: Macmillan Education, Ltd, Chapters 1 and 5.[5] Gilbert, Richard J3, ppAug 2015 21:34 Panzar, Robert DOriginal Title: Baumol, Panzar, and Willigs Theory of Contestable Markets and Industry Structure: A Summary of Reactions 38, pp3, Jun.Google ScholarKessides, Ioannis (1982) Toward a Testable Model of Entry: A Study of the U.S

 

In Functionalism and Its Limits in the Social Sciences (edited by Don Martindale), American Academy of political and Social Science, Monogrpah No19833, No(1982) Contestable Markets: An Uprising in the Theory of Industry Structure, American Economic Review, vol.Baumol, John CKeywords: Baumol-Panzar-Willig, perfectly contestable, perfectly sustainable, Ramsey welfare criteria, constestable markets, industry structure 87c6bb4a5b

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