THE EXCESS CAPACITY CONTROVERSY: A CRITIQUE OF RECENT CRITICISM

In 1959, Demsetz reformulated Chamberlin's (1956) economic model of monopolistic competition in such a way as to contradict Chamberlin's excess capacity theorem. In 1970, Barzel criticized Demsetz's conclusions concerning excess capacity. Several recent papers have revived the monopol...

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Veröffentlicht in:	Economic inquiry 1985-04, Vol.23 (2), p.265-275
1. Verfasser:	MARGOLIS, STEPHEN E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capacity Economic models Economic theory Excess Monopolistic competition
Online-Zugang:	Volltext
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