Measuring the Degree of Monopoly and Competition

Edward H. Chamberlin
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Edward H. Chamberlin: Harvard University

A chapter in Monopoly and Competition and their Regulation, 1954, pp 255-267 from Palgrave Macmillan

Abstract: Abstract AN analysis of the problem of measuring monopoly and competition 1 should start from definitions, so that it may be clear from the first what it is whose measurement is being discussed. As a part of the intensive theoretical study of this field in recent years a number of new definitions of monopoly have appeared, and I should like to make clear from the beginning that I do not accept any of them. Dr. Triffin, after discussing some of these new definitions, comments that ‘Professor Chamberlin seems to be the only one who has kept without a particle of change the old traditional definition of monopoly as control over supply ’.2 This is what monopoly has always meant, and I see no reason to change it.

Keywords: Demand Curve; Theoretical Problem; White Wine; Cost Curve; Social Optimum (search for similar items in EconPapers)
Date: 1954
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DOI: 10.1007/978-1-349-08434-0_13

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