Economics at your fingertips  

R. F. Kahn and Imperfect Competition

Maria Cristina Marcuzzo ()

Cambridge Journal of Economics, 1994, vol. 18, issue 1, 25-39

Abstract: Kahn's Fellowship Dissertation, 'The Economics of the Short Period,' is a major contributions to the development of the theory of imperfect competition. The short period has two aspects: the first is the shape of its prime cost curve, the second is the shape of the individual demand curve. By introducing the imperfection of the market, Kahn was able to explain why price does not fall to marginal cost at a low level of demand and why the equilibrium output is less than full capacity. This paper discusses Kahn's contribution and the question of why imperfect competition was not incorporated into 'The General Theory.' (c) 1994 Academic Press, Inc. Copyright 1994 by Oxford University Press.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().

Page updated 2023-01-31
Handle: RePEc:oup:cambje:v:18:y:1994:i:1:p:25-39