The Early Oligopolistic Models: Market Power in the Paretian Tradition

Mario Pomini ()
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Mario Pomini: University of Padua

Chapter 9 in Power in Economic Thought, 2018, pp 227-249 from Palgrave Macmillan

Abstract: Abstract The study of non-competitive markets was a very active field of research in the period between the two World Wars. The chapter focuses on the developments that emerged within the Paretian tradition. The Italian followers of Pareto participated actively in this debate, and indeed Luigi Amoroso played a prominent role. The Italian mathematical economist was recognized as the main proponent of Cournot’s approach. Other Paretians who made important contributions were Arrigo Bordin, Felice Vinci, and especially Emilio Zaccagnini. The analysis of this strand of literature can help us to understand the reasons why Cournot’s perspective became the dominant approach to the oligopoly theory only in the postwar period.

Date: 2018
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DOI: 10.1007/978-3-319-94039-7_9

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