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Solves von Stackelberg equilibria in a Bertrand‐Edgeworth duopoly game. Shows that, initially, the environment is characterized by efficient rationing and capacity constraints. Since interest lies in sustaining monopoly outcomes from non‐co‐operative behaviour, introduces the buyout...
Persistent link: https://www.econbiz.de/10014863496
Discusses Heinrich von Stackelberg as a mathematical economist, referring to his book Marktform und Gleichgewicht . Presents the main theories of rivalrous interaction among business firms and the problems of oligopoly and monopoly. Notes how Stackelberg used indifference curves to map the...
Persistent link: https://www.econbiz.de/10014863891
This is a study of Attilio da Empoli’s reception in English. Describes the search to find his works or references to him. Gives details of the search process. There are only a few references to his work in English. There is nothing about his life in English. The first biography in English,...
Persistent link: https://www.econbiz.de/10014863912
Reconsiders Umberto Ricci’s harsh comments on the book of the young Attilio da Empoli about the Theory of Economic Equilibrium and also re‐examines da Empoli’s original theses about “ultramarginality” that aroused Umberto Ricci’s fierce criticism. In his reply, da Empoli punctually...
Persistent link: https://www.econbiz.de/10014863914
Considers the contribution of Attilio da Empoli to the theory of value and distribution and especially his contribution to the theory of monopolistic competition. During the 1920s a lively discussion developed about the link between the cost structure of the individual firm and the degree of...
Persistent link: https://www.econbiz.de/10014863915
Tries to assess the place of Da Empoli’s Theory of Economic Equilibrium, a book on the development of thinking on market structures and price theory. It is an early and important, though almost neglected, contribution. Neglected because the main developments in the 1930s and later on were on...
Persistent link: https://www.econbiz.de/10014863919
economies, there are some provisions that are either weak or that continue to safeguard the interest of monopolies in selective …
Persistent link: https://www.econbiz.de/10014879153
Persistent link: https://www.econbiz.de/10005647237
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