The Economics of Imperfect Competition

Front Matter....Pages i-xx
Introduction....Pages 1-12
Front Matter....Pages 13-13
The Assumptions....Pages 15-25
The Geometry....Pages 26-43
Front Matter....Pages 45-45
Monopoly Equilibrium....Pages 47-59
Changes in Demand....Pages 60-75
Changes in Cost....Pages 76-82
Front Matter....Pages 83-83
The Supply Curve....Pages 85-91
Competitive Equilibrium....Pages 92-101
A Digression on Rent....Pages 102-119
The Supply Curve Under Perfect Competition....Pages 120-129
Front Matter....Pages 131-131
A Digression on the Four Cost Curves....Pages 133-142
Comparisons of Monopoly and Competitive Output....Pages 143-154
Commentary on the Comparisons....Pages 155-158
Control of Monopoly Price....Pages 159-165
Objections to the Comparisons....Pages 166-176
Front Matter....Pages 177-177
Price Discrimination....Pages 179-202
The Moral of Price Discrimination....Pages 203-208
Front Matter....Pages 209-209
A Digression on the Buyer....Pages 211-217
Monopsony....Pages 218-228
Relationship of Monopsony and Monopoly to Perfect Competition....Pages 229-231
Front Matter....Pages 233-233
A Digression on Marginal Net Productivity....Pages 235-242
The Demand for Labour of the Individual Employer....Pages 243-252
The Demand Curve for Labour of an Industry....Pages 253-264
Front Matter....Pages 265-265
Comparisons of Monopoly and Competitive Demand for Labour....Pages 267-272
Correction of the Comparisons....Pages 273-278
Front Matter....Pages 279-279
Monopolistic Exploitation of Labour....Pages 281-291
Monopsonistic Exploitation of Labour....Pages 292-304
Front Matter....Pages 305-305
A World of Monopolies....Pages 307-326
Conclusion....Pages 327-327
Back Matter....Pages 329-352