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The prominent position of Carl Menger in the history of economics is mainly seen in his contribution in the subjective theory of value. In this article Menger's analysis of competition is examined and it is suggested that he understood competition as a dynamic process. All elements of the modern...
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German Abstract: Nach Baumol et al. sollte die Theorie der Perfect Contestable Markets die Theorie der vollkommenen Konkurrenz als Referenzsituation ersetzen. Es wird untersucht, inwiefern dies zutrifft und welche Anwendungsmöglichkeiten für die Theorie bestehen. Die Existenz versunkener...
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