Accession Number:

AD0402950

Title:

CONCEPTS AND THEORIES OF PURE COMPETITION

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1963-05-01

Pagination or Media Count:

39.0

Abstract:

A classical formulation of the marketplace is examined from three different theoretical view points, and the three solutions that result are contrasted. When the number of participants is small, the solutions are very different, both in their form and in their quantitative predictions. As the size of the market increases, however, they all converge to a common solution, despite the wide disparity in the underlying assumptions.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE