Sraffa, Okun, and the theory of the imperfectly competitive firm

Sraffa, Okun, and the theory of the imperfectly competitive firm

Piero Sraffa's Production of Commodities by Means of Commodities is wedded to Arthur Okun's Prices and Quantities to bring out important implications for the theory of the imperfectly competitive firm. The implications relate to firm objectives and to firm behavior in both the ‘vertical’ e...

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Veröffentlicht in:Journal of economic behavior & organization 1988, Vol.9 (1), p.101-105
1. Verfasser: Levine, A.L
Format: Artikel
Sprache:eng
Schlagworte:
Competition
Consumer behavior
Imperfect
Interdependence
Kinked demand
Mathematical models
Profit margins
Technology
Transfer pricing
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Zusammenfassung:Piero Sraffa's Production of Commodities by Means of Commodities is wedded to Arthur Okun's Prices and Quantities to bring out important implications for the theory of the imperfectly competitive firm. The implications relate to firm objectives and to firm behavior in both the ‘vertical’ environment (relations with suppliers) and the ‘horizontal’ environment (relations with customers and competitors).
ISSN:0167-2681
1879-1751
DOI:10.1016/0167-2681(88)90010-8