On the Role of Numbers and Information in Competition,

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Abstract:

In the verbal descriptions of price in a competitive market the role of many competitors in bringing about the existence of a competitive price system is critical. Yet in the purported mathematization of these descriptions the role of the presence of many competitors disappears. The author discusses the importance of the role of numbers in a market.

Author(s):
Shubik, Martin
Author Organization(s):
YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
Supplementary Note:
Sponsored in part by Office of Naval Research, Arlington, Va.
Pagination:
0026

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
Discussion Paper-371
 Subject Terms
Communities of Interest:
No COI(s) Identified
Descriptor(s):
*Economic models, Equilibrium(General), Game theory, Measure theory, Money
Field(s)/Group(s):
Economics and Cost Analysis
Keyword(s):
*Prices, *Competition, Credit, Oligopolies
Report Date:
1974 Feb 26