Abstract
This chapter is concerned with two aspects of the theory of the firm:
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I.
The links between the objectives of firms and market behaviour.
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2.
The nature and significance of barriers to the entry of new producers.
First, however, a note of warning on the uses and abuses of the theory of the firm.
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Sources and References
D. Needham, Economic Analysis and Industrial Structure (New York, 1969) chap. 7, ‘Barriers to Entry’.
R. Caves, American Industry: Structure, Conduct, Performance 2nd edn (Englewood Cliffs,N.J.,1967).
W. J. Baumol, Economic Theory and Operations Analysis 2nd edn (Englewood Cliffs, N.J., 1965) chap. 13, ‘The Firm and its Objectives’.
Co-operative Independent Commission Report (Manchester, 1958) chap. 2, ‘The Economic Principles of Cooperation’, and chap. 3, ‘Dividend, Prices and Return on Sales’.
B. S. Yamey, ‘The Price Policy of Co-operative Societies’, Economica, Feb 1950.
‘Monopoly in Petrol’, The Economist 7 Aug 1965.
Copyright information
© 1971 M. S. Bradbury
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Bradbury, M.S. (1971). Aspects of Imperfect Competition. In: Principles of Economics. Case Studies in Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15438-8_5
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DOI: https://doi.org/10.1007/978-1-349-15438-8_5
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