Price markups and returns to scale in imperfect markets: Bulgaria and Hungary

Under perfect competition and constant returns to scale, firms producing homogeneous products choose output levels so that price equals marginal cost, which also equals average cost. However, any departure from these assumptions has important implications for the theoretical results derived and for...

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Veröffentlicht in:	Journal of Comparative Economics 2006-03, Vol.34 (1), p.92-110
Hauptverfasser:	Dobrinsky, Rumen, Kőrösi, Gábor, Markov, Nikolay, Halpern, László
Format:	Artikel
Sprache:	eng
Schlagworte:	Comparative analysis Competition Economic policy Economic theory Imperfect competition Manufacturers Market economies Market structure Markups Monopolies Price markups Prices Pricing Returns to scale
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