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Competition of the Few Among the Many

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  • Willard D. Arant

Abstract

I. Introduction, 327; the measurement of concentration, 328; are most industries concentrated?, 329. — II. Concentration and oligopoly not identical, 331; the importance of conditions of supply, 332; "ease of entry" and "elasticity of supply," 336; agricultural programs an example of concentration, 339; need for studies of elasticity of supply, 340. — III. Oligopoly may not raise prices, 341; appraising certain empirical evidence, 344. — IV. Summary and conclusion, 345.

Suggested Citation

  • Willard D. Arant, 1956. "Competition of the Few Among the Many," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(3), pages 327-345.
    • Handle: RePEc:oup:qjecon:v:70:y:1956:i:3:p:327-345.
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    File URL: http://hdl.handle.net/10.2307/1884228
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    Cited by:

    1. Juan‐Pablo Montero & Juan Ignacio Guzman, 2010. "Output‐Expanding Collusion In The Presence Of A Competitive Fringe," Journal of Industrial Economics, Wiley Blackwell, vol. 58(1), pages 106-126, March.
    2. Roos, Nicolas de & Smirnov, Vladimir, 2021. "Collusion, price dispersion, and fringe competition," European Economic Review, Elsevier, vol. 132(C).

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