Literaturnachweis - Detailanzeige
Autor/in | Peck, Richard M. |
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Titel | Infinitesimal Firms and Increasing Cost Industries. |
Quelle | In: Journal of Economic Education, 32 (2001) 1, S.41-52Infoseite zur Zeitschrift |
Sprache | englisch |
Dokumenttyp | gedruckt; Zeitschriftenaufsatz |
ISSN | 0022-0485 |
Schlagwörter | Economic Research; Economics Education; Higher Education; Macroeconomics; Models; Supply and Demand; Textbook Content; Textbooks; Undergraduate Students; Undergraduate Study |
Abstract | Presents a rigorous version of the model of an increasing-cost competitive industry. Explains that in this model firms are infinitesimal, which justifies price-taking behavior and a continuous industry supply curve. Shows that the industry supply curve slopes upward because of dispersion in the efficiency of firms. Emphasizes role of marginal firm. (RLH) |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |