Marshall and Sraffa on competition and returns in Cournot

Alberto Zanni
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Alberto Zanni: Università di Firenze - Dipartimento di Scienze economiche

History of Economic Ideas, 2012, vol. 20, issue 1, 75-82

Abstract: According to Marshall, Cournot did not realize that competition was incompatible with increasing returns. This critique, later reasserted by Sraffa, is groundless. These pages explain why.

Date: 2012
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