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The Fallacy of the Perfect Competition Theory
Nomidis, Dimitrios - 2017
Persistent link: https://www.econbiz.de/10012969971
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A Revision of the Theory of Perfect Competition and of Value
Nomidis, Dimitrios - 2020
During the second half of the twentieth century economic theory moved increasingly away from price theory, which was gradually displaced by more modern trends such as game theory, decision theory, behavioral-empirical-experimental economics, heterodox economics, etc. This was due to serious...
Persistent link: https://www.econbiz.de/10012854924
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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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A Reconsideration of the Theory of Perfect Competition
Nomidis, Dimitrios - 2016
This paper develops a discussion and provides the basis for a dispute of the principal assumption on which the classical-neoclassical theory of perfect competition is based: is it indeed true that the individual product demand of each producer is perfectly elastic (horizontal) and the price is...
Persistent link: https://www.econbiz.de/10013004916
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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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The Mathematical Mistakes of the Neoclassical Theory and its Reformation
Nomidis, Dimitrios - 2020
This paper completes my previous paper "A Revision of the Theory of Perfect Competition and of Value" with a more global analysis of the mathematical mistakes of the neoclassical theory. During the second half of the twentieth century Microeconomic theory moved increasingly away from price...
Persistent link: https://www.econbiz.de/10012822976
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Η Ανατροπή της Νεοκλασικής Θεωρίας μέσω των Ιδίων της Μέσων (The Disproof of Neoclassical Theory by means of Its Own Means)
Nomidis, Dimitrios - 2021
Greek abstract: Η μέχρι τώρα έρευνά μου που αποκαλύπτει θεμελιώδη λάθη της συμβατικής (νεοκλασικής) οικονομικής θεωρίας, βασίζεται κυρίως στη (λανθασμένη) αντίληψη της...
Persistent link: https://www.econbiz.de/10013242356
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A Fundamental Reformation of Neoclassical Economics
Nomidis, Dimitrios - 2020
During the second half of the twentieth-century economic theory moved increasingly away from price theory, which was gradually displaced by more modern trends such as game theory, behavioral-empirical-experimental economics, neuroeconomics, heterodox economics, etc. This was due to serious...
Persistent link: https://www.econbiz.de/10012831748
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The Disproof of Neoclassical Theory by Means of Its Own Means
Nomidis, Dimitrios - 2020
My research so far, which reveals fundamental mistakes of the conventional (neoclassical) economic theory, is based mainly on the (wrong) perception of this theory for the price taking and the horizontal demand curve for the firm, using instead the correct individual demand curve for the firm,...
Persistent link: https://www.econbiz.de/10014090229