Imperfect Competition and the Marginal Principle

Richard F. Kahn

Chapter Chapter 2 in Richard F. Kahn, 2022, pp 35-50 from Palgrave Macmillan

Abstract: Abstract This paper, never published before in English, presents “the dual condition” of equilibrium given by the point of tangency between the average proceeds and average cost curve and the point where the marginal proceeds curve meets the marginal cost—presented in an article by J. Robinson in 1932—which was to be known as “Kahn’s theorem”. Kahn presented his article in various conferences in the United States and gave it to Taussig for publication in the Quarterly Journal of Economics. However, the article was not accepted and Kahn made no further attempts to have it published.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-98588-2_2

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DOI: 10.1007/978-3-030-98588-2_2

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