Amoroso and the First Revolution of Imperfect Competition

Mario Pomini ()
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Mario Pomini: University of Padova

Chapter Chapter 5 in Luigi Amoroso, 2022, pp 99-116 from Palgrave Macmillan

Abstract: Abstract Chapter Five considers Amoroso’s contribution to the first imperfect competition revolution brought about by Joan Robinson and Edward Chamberlin. In “La teoria statica dell’offerta” (Amoroso, L. 1930). Amoroso formulated a general theory of the supply curve in various market forms. In this article, he also introduced the concept of the vanishing point of the firm and discussed the relevance of the elasticity of the demand curve in determining monopolist equilibrium, some years ahead of Robinson. He then advanced, one year before Lerner (1934), the concept of the power index. Amoroso attempted to expand the 1930 equation to address the strategic behavior of firms. His approach was comparable to Chamberlin’s. In his attempts to formalize the strategic behavior of firms, Amoroso abandoned the CournotCournot, A. model.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-10339-1_5

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DOI: 10.1007/978-3-031-10339-1_5

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