Mathematical Treatment of the Equilibrium of an Industry in an Imperfect Market

Richard Kahn
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Richard Kahn: University of Cambridge

Chapter Chapter 9 in The Economics of the Short Period, 1989, pp 126-148 from Palgrave Macmillan

Abstract: Abstract In the preceding chapter there has been an understanding that for a particular firm the annihilation coefficient, q, is a constant — constant not only when the output of the single firm changes (such constancy follows at once from our assumption that over the range in question the individual demand curve is a straight line) but constant also when the prices and output of the whole industry change. Such an understanding was sufficient for its purpose. But, before it is possible to enter upon a mathematical investigation of the elasticity of supply of an industry, the constancy of the annihilation coefficient must be put to a more rigorous test.

Keywords: Demand Curve; Aggregate Demand; Mathematical Treatment; Capacity Output; Medium Count (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09817-0_9

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DOI: 10.1007/978-1-349-09817-0_9

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