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Franco Modigliani e l’oligopolio

Author

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  • Paolo Sylos Labini

    (Università degli Studi di Roma “La Sapienza”, Dipartimento di Scienze Economiche, Roma)

Abstract

I met Franco Modigliani in 1948. We had common interests in three fields of economics - Keynes and unemployment, the relationship between monetary mechanisms and the real, forms of market and price formation, in two other fields, widely explored by Modigliani, the common interest was less - I am referring to the problems of saving and the life cycle. Was also common love for empirical tests and, on a different level, on civic engagement. Intellectually we met on the issue of price formation in an oligopoly, which can be seen, in its various forms, such as the shape of the market more frequently in the modern economy. Modigliani incorporated the formula of training and changes in prices in oligopoly in two econometric models, the first developed in the United States, the second in Italy. In recent years, Modigliani became the promoter of a "Manifesto against unemployment in the European Union", which collaborated in six European economists (I was among them) and then had the accession of a large number of economists from around the world. In the Manifesto play an important role the investment function, designed by Modigliani and me in different but complementary ways, and the pattern of changes in prices, given with reference to the problem of inflation.

Suggested Citation

  • Paolo Sylos Labini, 2005. "Franco Modigliani e l’oligopolio," Moneta e Credito, Economia civile, vol. 58(230-231), pages 43-50.
  • Handle: RePEc:psl:moneta:2005:25
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9732/9618
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    References listed on IDEAS

    as
    1. Ando, Albert K, et al, 1974. "On the Role of Expectations of Price and Technological Change in an Investment Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(2), pages 384-414, June.
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    Cited by:

    1. Alessandro Roncaglia, 2014. "Teoria dell'occupazione: due impostazioni a confronto," Moneta e Credito, Economia civile, vol. 67(267), pages 243-270.
    2. Carlo D'Ippoliti, 2015. "Editorial: Paolo Sylos Labini (1920-2005)," PSL Quarterly Review, Economia civile, vol. 68(274), pages 179-185.
    3. Antonella Rancan, 2014. "Commento di Modigliani alla teoria della disoccupazione di Sylos Labini (attraverso la corrispondenza del 1956)," Moneta e Credito, Economia civile, vol. 67(267), pages 271-284.
    4. Antonella Rancan, 2014. "Modigliani's comments on Sylos Labini's theory of unemployment (1956-1958)," PSL Quarterly Review, Economia civile, vol. 67(270), pages 269-282.
    5. Mario Tonveronachi, 2015. "Making the ECB the central bank of a non-federal coalition of states," PSL Quarterly Review, Economia civile, vol. 68(273), pages 91-114.
    6. Alessandro Roncaglia, 2014. "The theory of employment: two approaches compared," PSL Quarterly Review, Economia civile, vol. 67(270), pages 241-268.

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    More about this item

    Keywords

    Franco Modigliani; verifiche empiriche; ciclo vitale; Keynes; disoccupazione;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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