Definitions

1. Imperfect competition is a result, not a source of IRTS which generally are just a function of the technical aspects of production.

Economic Theory

1. The theory of monopolistic and imperfect competition is one example of the neglect in economic theory of these propositions.

Robinson

1. Robinson was quick to move on beyond her theory of imperfect competition - in spite of the fact that its success in modern textbooks.

Situation

1. And the situation where even one producer can affect the price of a good by increasing or withholding output is called imperfect competition.

Economics

1. The term was first introduced by Joan Robinson in her influential[ 1] book, The Economics of Imperfect Competition. (Web site)
2. In her famous 1933 book, she introduced the theory of imperfect competition to economics following this up with an explanatory article (1934).

Buyers

1. There may also be imperfect competition in markets due to buyers or sellers lacking information about prices and the goods being traded.

Various Models

1. Other examples where weak spillovers would create strong contagion are various models of monetary policy, imperfect competition and endogenous growth. (Web site)

Perfect Competition

1. Perfect competition tends however to become imperfect competition because of ever-increasing scale economies.

Firms

1. Essentially the same as imperfect competition: a market situation in which one or more firms may be capable of influencing the price of the product. (Web site)

Appropriate Term

1. It then considers how firms are organized and how they compete.[ 1] Perhaps a most appropriate term is the "Economics of Imperfect Competition". (Web site)

Market Competition

1. The book covers the standard topics of supply and demand, market competition, imperfect competition, aggregate demand, inflation, and unemployment. (Web site)

Monopoly

1. This is an attempt to deal with monopoly, so it is a response to imperfect competition. (Web site)

Oligopoly

1. In an oligopoly, firms operate under imperfect competition. (Web site)

Strategic Analysis

1. This text in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives.

Indeterminacy

1. This paper shows imperfect competition can lead to indeterminacy in aggregate output in a standard DSGE model with imperfect competition. (Web site)

Imperfect Competition

1. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. (Web site)
2. It is an instance of imperfect competition, symmetrical to the case of a monopoly, in which there is only one seller facing many buyers.

Categories

1. Indeterminacy
2. Strategic Analysis
3. Oligopoly
4. Encyclopedia of Keywords > Thought > Problems > Monopoly
5. Market Competition
6. Books about "Imperfect Competition" in Amazon.com
   

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