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More on Archibald versus Chicago

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  • Milton Friedman

Abstract

Theorists of monopolistic competition contend that firms have a strong tendency to differentiate their product and that, when there are no ‘real’ differences, firms will seek to create trivial and ‘artificial’ differences to establish a separate market. Whatever else Archibald’s piece may contribute to monopolistic competition, it is a striking confirmation that these predictions are as applicable to professional writing as to toothpaste.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Milton Friedman, 1963. "More on Archibald versus Chicago," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(1), pages 65-67.
    • Handle: RePEc:oup:restud:v:30:y:1963:i:1:p:65-67.
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    File URL: http://hdl.handle.net/10.2307/2296033
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    Cited by:

    1. Kirkley, James E & Squires, Dale, 1999. "Capacity and Capacity Utilization in Fishing Industries," University of California at San Diego, Economics Working Paper Series qt6k91b50v, Department of Economics, UC San Diego.
    2. Kevin Lane & Tom Rosewall, 2015. "Firm-level Capacity Utilisation and the Implications for Investment,Labour and Prices," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 9-18, December.
    3. Salnikov, Vladimir & Galimov, Dmitry & Mikheeva, Olga & Gnidchenko, Andrey & Rybalka, Alexey, 2017. "Russian manufacturing production capacity: Primary trends and structural characteristics," Russian Journal of Economics, Elsevier, vol. 3(3), pages 240-262.
    4. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.

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