The Rehabilitation of Pure Competition

Alfred Nicols

The Quarterly Journal of Economics, 1947, vol. 62, issue 1, 31-63

Abstract: I. The problem: the effect of consumer attachments upon competitive equilibrium, 31. — Definitions and assumptions, 32. — II. The Chamberlinian theory as a limiting case, 34. — Buyer attachments, 36. — Asymmetry in the relation of a price increase to a price decrease, 39. — Modification of the homogeneity requirement, 42. — III. Cross elasticities, 42. — Extra-marginal buyers, 46. — IV. Equilibrium at minimum cost, 50. — V. Can product differentiation be maintained in the long run? 54. — VI. The definition of a "perfect market," 59. — Free entry, 60. — VII. Results and implications, 61.

Date: 1947
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/1885783 (application/pdf)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:oup:qjecon:v:62:y:1947:i:1:p:31-63.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().