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Average cost and marginal cost pricing in Marshall: Textual analysis and interpretation
Zamparelli, Luca - In: The European Journal of the History of Economic Thought 16 (2009) 4, pp. 665-694
This paper proposes a textual analysis of Marshall's theory of firm pricing behavior under competitive conditions … the work of Alfred Marshall; and I argue that, even though only partial evidence can be found to support the adoption of … the notion of marginal cost pricing by Marshall, he developed some concepts, such as the distinction between short and …
Persistent link: https://www.econbiz.de/10008609684
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Classical vs. Neoclassical Conceptions of Competition
Tsoulfidis, Lefteris - 2011
This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares. This dynamic view of competition...
Persistent link: https://www.econbiz.de/10009141689
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Classical vs. Neoclassical Conceptions of Competition
Tsoulfidis, Lefteris - Volkswirtschaftliche Fakultät, … - 2011
This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares at the expense of their competitors....
Persistent link: https://www.econbiz.de/10011113605
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Equality of Demand and Supply Neither Determines Price Nor Clears the Market
Gani, Mohammad - EconWPA - 2004
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...
Persistent link: https://www.econbiz.de/10005413280
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COMPETITION: THE WAYS TO PERFECTION
Ferreira, Rodolphe Dos Santos - In: Cahiers d’économie politique / Papers in Political … (2012) 63, pp. 205-218
In the economic literature of the nineteenth and twentieth centuries, perfect competition rests on essentially two different types of foundations, the distinction of which has not always been emphasized enough. According to the first type, perfect competition prevails when the agents, small...
Persistent link: https://www.econbiz.de/10010595724
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Payoffs in exact TU economies
Edhan, Omer - In: Journal of Economic Theory 155 (2015) C, pp. 152-184
We prove that a single-valued solution of perfectly competitive TU economies underlying nonatomic exact market games is uniquely determined as the Mertens [23] value by four plausible value-related axioms. Since the Mertens value is always a core element, this result provides an axiomatization...
Persistent link: https://www.econbiz.de/10011189750
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Towards a revision of the theory of capital
Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 2013
This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...
Persistent link: https://www.econbiz.de/10011259280
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La visión global de la utilidad
Sánchez, José Zacarías Mayorga - In: REVISTA CRITERIO LIBRE (2010)
Resumen En el presente documento se aborda el concepto y teorías de la Utilidad, en él, se consideran los desarrollos que han tenido a través de la historia, las diferentes visiones según las disciplinas del conocimiento; pero reviste especial importancia los aportes hechos por la...
Persistent link: https://www.econbiz.de/10008788592
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Una Revisión Moderna de las Teorías de Precios de Ricardo y Jevons
Villa, Edgar - UNIVERSIDAD JAVERIANA - BOGOTÁ - 2013
Este artículo revisa las teorías de precios de Ricardo y Jevons. El argumentoprincipal es que la diferencia entre estas teorías proviene de motivaciones y…nalidades teóricas diferentes. Mientras Ricardo tenía interés en encontrarun estándar de valor que sirviera para homogeneizar la...
Persistent link: https://www.econbiz.de/10011031634
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Labour Values and the Theory of the Firm: Part I: The Competitive Firm
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter marginal analysis is introduced, culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008502745