Price Theory and Oligopoly
In his seminal article, ‘Price theory and oligopoly’ (Rothschild 1947), Kurt Rothschild critically reviews recent developments in the theory of imperfect competition and puts forward several ideas on how the theory might develop in the future. Subsequent developments in the theory of imperfect co...
| Main Authors: | , |
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| Format: | Conference Paper |
| Published: |
Oesterreichische Nationalbank
2014
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| Online Access: | http://epub.wu.ac.at/4305/ http://hdl.handle.net/20.500.11937/75726 |
| Summary: | In his seminal article, ‘Price theory and oligopoly’ (Rothschild 1947), Kurt Rothschild critically
reviews recent developments in the theory of imperfect competition and puts forward several
ideas on how the theory might develop in the future. Subsequent developments in the theory of
imperfect competition have shown the fruitfulness of his ideas. In this paper we review these
developments and discuss the correspondence to Rothschild’s original propositions. We also
discuss ideas from Rothschild (1947) and his later writings that can stimulate developments in
price theory in the future. |
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