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Konkurence a monopol v předkeynesovské neoklasice a koncepce J. Robinsonové a E. Chamberlina
[Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts of J. Robinson and E. Chamberlin]

Author

Listed:
  • Ilona Bažantová
  • Jan Horych

Abstract

The article describes when and in what form the term "monopoly" appeared in theory. First, attention is paid to A. Smith's classical political economy and the neoclassical binary model of competition and monopoly presented by A. Marshall. Robinson's model of imperfect competition and Chamberlin's model of monopolistic competition of 1933 were turning points in economic theory. The article not only highlights the elements that were adopted from Marshall and Pigou of the Cambridge Neoclassical School and are common to both theories, but also emphasizes the aspects in which the approaches of Robinson and Chamberlin differ and highlights their contribution to economic theory and competition law.

Suggested Citation

  • Ilona Bažantová & Jan Horych, 2022. "Konkurence a monopol v předkeynesovské neoklasice a koncepce J. Robinsonové a E. Chamberlina [Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts of J. Robinson and E. Chamberl," Politická ekonomie, Prague University of Economics and Business, vol. 2022(3), pages 361-382.
    • Handle: RePEc:prg:jnlpol:v:2022:y:2022:i:3:id:1346:p:361-382
    DOI: 10.18267/j.polek.1346
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    References listed on IDEAS

    as
    1. Geradin, Damien & Layne-Farrar, Anne & Petit, Nicolas, 2012. "EU Competition Law and Economics," OUP Catalogue, Oxford University Press, number 9780199566563.
    2. Niels, Gunnar & Jenkins, Helen & Kavanagh, James, 2016. "Economics for Competition Lawyers," OUP Catalogue, Oxford University Press, edition 2, number 9780198717652.
    3. Edward H. Chamberlin, 1937. "Monopolistic or Imperfect Competition?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(4), pages 557-580.
    4. Joan Robinson, 1934. "What is Perfect Competition?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(1), pages 104-120.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monopoly; imperfect competition; monopolistic competition; competition law;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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