According to Bhagwati the really fundamental innovation in the oligopoly theory came with the realization that oligopoly must deal with ‘potential' competition as distinct from ‘actual' competition. Paolo Sylos Labini's "Oligopoly Theory and Technical Progress" (1957) is considered one of...

Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...

Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...