The Number of Firms and Competition

The Number of Firms and Competition

In this paper, we initially describe a partial equilibrium model loosely called Cournovian, after Cournot in which there is a positive relationship between the degree of competition and the number of firms in an industry.

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Veröffentlicht in:The American economic review 1972-09, Vol.62 (4), p.670-674
Hauptverfasser: Fama, Eugene F., Laffer, Arthur B.
Format: Artikel
Sprache:eng
Schlagworte:
Communications
Demand curves
Economic competition
Economic models
Elasticity of demand
Industrial growth
Industrial output
Industrial production
Marginal costs
Market prices
Perfect competition
Studies
Supply curves
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Beschreibung
Zusammenfassung:In this paper, we initially describe a partial equilibrium model loosely called Cournovian, after Cournot in which there is a positive relationship between the degree of competition and the number of firms in an industry.
ISSN:0002-8282
1944-7981