search query: @author Ostroy, J. M. / total: 3
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| Author: | Gretsky, N. E. Ostroy, J. M. Zame, W. R. |
| Title: | Perfect competition in the continuous assignment model |
| Journal: | Journal of Economic Theory
1999 : SEP, VOL. 88:1, p. 60-118 |
| Index terms: | Competition Competitive advantage Models |
| Language: | eng |
| Abstract: | In the paper, rigorous formalization, in the context of the transferable utility assignment model, of perfect competition as the inability of individuals to (favourably) influence prices, is provided. Seven conditions are shown to be equivalent to perfect competition. Perfect competition and imperfect competition are possible for both finite and continuum assignment economies, but most finite economies are imperfectly competitive, while most continuum assignment economies are perfectly competitive. however, most large finite assignment economies are approximately perfectly competitive. |
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