Profit Maximization, Industry Structure, and Competition: A critique of neoclassical theory
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Keen, Steve & Standish, Russell, 2006. "Profit maximization, industry structure, and competition: A critique of neoclassical theory," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 370(1), pages 81-85.
References listed on IDEAS
- Keen, Steve, 2004. "Deregulator: Judgment Day for microeconomics," Utilities Policy, Elsevier, vol. 12(3), pages 109-125, September.
- Fernando Vega-Redondo, 1997.
"The Evolution of Walrasian Behavior,"
Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.
- Fernando Vega Redondo, 1996. "The evolution of walrasian behavior," Working Papers. Serie AD 1996-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- G. J. Stigler, 1972.
"Perfect Competition, Historically Contemplated,"
Palgrave Macmillan Books, in: Charles K. Rowley (ed.), Readings in Industrial Economics, chapter 7, pages 105-130,
Palgrave Macmillan.
- George J. Stigler, 1957. "Perfect Competition, Historically Contemplated," Journal of Political Economy, University of Chicago Press, vol. 65(1), pages 1-1.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Fix, Blair, 2020. "Economic Development and the Death of the Free Market," Working Papers on Capital as Power 2020/01, Capital As Power - Toward a New Cosmology of Capitalism.
- David Rosnick, 2015. "Toward an Understanding of Keen and Standish's Theory of the Firm: A Comment," World Economic Review, World Economics Association, vol. 2015(5), pages 107-107, July.
- Anglin, Paul, 2008. "On the proper behavior of atoms: A comment on a critique," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(1), pages 277-280.
- Fix, Blair, 2020. "Economic Development and the Death of the Free Market," SocArXiv g86am, Center for Open Science.
- Dariusz Klimek & Elżbieta Jędrych, 2020. "A Model for the Sustainable Management of Enterprise Capital," Sustainability, MDPI, vol. 13(1), pages 1-13, December.
- Segismundo S. Izquierdo & Luis R. Izquierdo, 2015. "The “Win-Continue, Lose-Reverse” Rule In Oligopolies: Robustness Of Collusive Outcomes," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 18(05n06), pages 1-23, August.
- Barreira da Silva Rocha, André, 2013.
"Evolutionary dynamics of nationalism and migration,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(15), pages 3183-3197.
- André Barreira da Silva Rocha, 2012. "Evolutionary Dynamics of Nationalism and Migration," Discussion Papers in Economics 12/11, Division of Economics, School of Business, University of Leicester, revised Jun 2012.
- Bell, William Paul, 2009. "Adaptive interactive expectations: dynamically modelling profit expectations," MPRA Paper 38260, University Library of Munich, Germany, revised 09 Feb 2010.
- Promit Kanti Chaudhuri, 2021. "Strategic inattention and divisionalization in duopoly," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2021-020, Indira Gandhi Institute of Development Research, Mumbai, India.
- Elżbieta Jędrych & Dariusz Klimek & Agnieszka Rzepka, 2021. "Principles of Sustainable Management of Energy Companies: The Case of Poland," Energies, MDPI, vol. 14(8), pages 1-18, April.
- Russell K. Standish & Stephen L. Keen, 2015. "Rationality in the Theory of the Firm," World Economic Review, World Economics Association, vol. 2015(5), pages 101-101, July.
- Blair Fix, 2022. "Economic development and the death of the free market," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 1-46, April.
- Gerasimos T. Soldatos, 2021. "A model of market competition as a prize contest or a model of strife for market domination," SN Business & Economics, Springer, vol. 1(1), pages 1-9, January.
- Cellini, Roberto & Lambertini, Luca & Ottaviano, Gianmarco I.P., 2020. "Strategic inattention, delegation and endogenous market structure," European Economic Review, Elsevier, vol. 121(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Russell K. Standish & Steve Keen, 2004. "Emergent Effective Collusion in an Economy of Perfectly Rational Competitors," Papers nlin/0411006, arXiv.org.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2017.
"Imitation under stress,"
Journal of Economic Behavior & Organization, Elsevier, vol. 139(C), pages 252-266.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2014. "Imitation under stress," Working Papers 0556, University of Heidelberg, Department of Economics.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2014. "Imitation under stress," Discussion Papers, Research Unit: Economics of Change SP II 2014-309, WZB Berlin Social Science Center.
- Pascal Billand & Christophe Bravard, 2006.
"Les modèles de comportements adaptatifs appliqués à l'oligopole de Cournot,"
Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 9-9.
- Pascal Billand & Christophe Bravard, 2006. "Les modèles de comportements adaptatifs appliqués à l'oligopole de Cournot," Post-Print ujm-00121658, HAL.
- Güth, W., 1997.
"Boundedly Rational Decision Emergence -A General Perspective and Some Selective Illustrations-,"
SFB 373 Discussion Papers
1997,29, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Güth, W., 1997. "Boundedly rational decision emergence : A general perspective and some selective illustrations," Discussion Paper 1997-48, Tilburg University, Center for Economic Research.
- Werner Güth, 2000. "Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations," CESifo Working Paper Series 330, CESifo.
- Francesco Fallucchi & Jan Niederreiter & Massimo Riccaboni, 2021. "Learning and dropout in contests: an experimental approach," Theory and Decision, Springer, vol. 90(2), pages 245-278, March.
- Jacob K. Goeree & Leeat Yariv, 2015. "Conformity in the lab," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 1(1), pages 15-28, July.
- Glazer, Amihai, 2012. "Up-or-out policies when a worker imitates another," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 432-438.
- Jael, Paul, 2019.
"Does Marginal Productivity Mean Anything in Real Economic Life ?,"
MPRA Paper
97968, University Library of Munich, Germany, revised Jan 2020.
- Jael, Paul, 2019. "Does Marginal Productivity Mean Anything in Real Economic Life?," MPRA Paper 92239, University Library of Munich, Germany.
- Burkhard C. Schipper, 2004.
"Submodularity and the evolution of Walrasian behavior,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 32(4), pages 471-477, August.
- Burkhard Schipper, 2002. "Submodularity and the Evolution of Walrasian Behavior," Bonn Econ Discussion Papers 4/2003, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Paolo Crosetto & Alexia Gaudeul, 2014.
"Choosing whether to compete: Price and format competition with consumer confusion,"
Jena Economics Research Papers
2014-026, Friedrich-Schiller-University Jena.
- Crosetto, P. & Gaudeul, A., 2014. "Choosing whether to compete: Price and format competition with consumer confusion," Working Papers 2014-08, Grenoble Applied Economics Laboratory (GAEL).
- Gaudeul, Alexia & Crosetto, Paolo, 2016. "Choosing whether to compete: Price and format competition with consumer confusion," VfS Annual Conference 2016 (Augsburg): Demographic Change 145875, Verein für Socialpolitik / German Economic Association.
- Bruno Biais & Christophe Bisiere & Chester Spatt, 2002. "Imperfect Competition in Financial Markets: ISLAND vs. NASDAQ," GSIA Working Papers 2003-E41, Carnegie Mellon University, Tepper School of Business.
- Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard C., 2005.
"Rage Against the Machines: How Subjects Learn to Play Against Computers,"
Bonn Econ Discussion Papers
31/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard C., 2005. "Rage Against the Machines: How Subjects Learn to Play Against Computers," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 63, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard, 2005. "Rage Against the Machines - How Subjects Learn to Play Against Computers," Sonderforschungsbereich 504 Publications 05-36, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Burkhard C. Schipper & Jörg Oechssler & Albert Kolb, 2005. "Rage Against the Machines: How Subjects Learn to Play Against Computers," Working Papers 323, University of California, Davis, Department of Economics.
- Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard, 2005. "Rage against the machines : how subjects learn to play against computers," Papers 05-36, Sonderforschungsbreich 504.
- Peter Duersch & Albert Kolb & Joerg Oechssler & Burkhard Schipper, 2005. "Rage Against the Machines: How Subjects Learn to Play Against Computers," Game Theory and Information 0510012, University Library of Munich, Germany.
- Huck, Steffen & Leutgeb, Johannes & Oprea, Ryan, 2017.
"Payoff information hampers the evolution of cooperation,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 8, pages 1-1.
- Steffen Huck & Johannes Leutgeb & Ryan Oprea, 2017. "Payoff information hampers the evolution of cooperation," Nature Communications, Nature, vol. 8(1), pages 1-5, August.
- Kshitija Taywade & Brent Harrison & Judy Goldsmith, 2022. "Using Non-Stationary Bandits for Learning in Repeated Cournot Games with Non-Stationary Demand," Papers 2201.00486, arXiv.org.
- Apesteguia, Jose & Huck, Steffen & Oechssler, Jorg, 2007.
"Imitation--theory and experimental evidence,"
Journal of Economic Theory, Elsevier, vol. 136(1), pages 217-235, September.
- Jose Alpesteguia & Steffen Huck & Jörg Oechssler, 2003. "Imitation - Theory and Experimental Evidence," CESifo Working Paper Series 1049, CESifo.
- Jose Apesteguia & Steffen Huck & Jorg Oechssler, 2003. "Imitation - Theory and Experimental Evidence," Experimental 0309001, University Library of Munich, Germany.
- Apesteguia, José & Huck, Steffen & Oechssler, Jörg, 2003. "Imitation - Theory and Experimental Evidence," Bonn Econ Discussion Papers 20/2003, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Apestgeguia, Jose & Huck, Steffen & Oechssler, Jörg, 2005. "Imitation - Theory and Experimental Evidence," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 54, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- José Apesteguía & Steffen Huck & Jorg Oechssler, 2003. "Imitation-Theory and Experimental Evidence-," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0306, Departamento de Economía - Universidad Pública de Navarra.
- Apesteguia, Jose & Huck, Steffen & Oechssler, Joerg, 2003. "Imitation - Theory and Experimental Evidence," University of California at Santa Barbara, Economics Working Paper Series qt3h0887tj, Department of Economics, UC Santa Barbara.
- Jose Apesteguia & Steffen Huck & Jorg Oechssler, 2004. "Imitation - Theory and Experimental Evidence," Levine's Bibliography 122247000000000132, UCLA Department of Economics.
- Myatt, David P. & Wallace, Chris, 2003.
"A multinomial probit model of stochastic evolution,"
Journal of Economic Theory, Elsevier, vol. 113(2), pages 286-301, December.
- David P. Myatt & Chris Wallace, 2002. "A Multinomial Probit Model of Stochastic Evolution," Economics Series Working Papers 90, University of Oxford, Department of Economics.
- Agnar Sandmo, 2003.
"Environmental Taxation and Revenue for Development,"
WIDER Working Paper Series
DP2003-86, World Institute for Development Economic Research (UNU-WIDER).
- Agnar Sandmo, 2010. "Environmental Taxation and Revenue for Development," Working Papers id:3200, eSocialSciences.
- repec:ebl:ecbull:v:12:y:2006:i:14:p:1-7 is not listed on IDEAS
- Huck Steffen & Sarin Rajiv, 2004.
"Players With Limited Memory,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 4(1), pages 1-27, September.
- Steffen Huck & Rajiv Sarin, 2000. "Players with Limited Memory," Econometric Society World Congress 2000 Contributed Papers 1645, Econometric Society.
- Peter Duersch & Jörg Oechssler & Burkhard Schipper, 2014.
"When is tit-for-tat unbeatable?,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 43(1), pages 25-36, February.
- Burkhard Schipper & Peter Duersch & Joerg Oechssler, 2013. "When is Tit-For-Tat unbeatable?," Working Papers 45, University of California, Davis, Department of Economics.
- Koji Okuguchi & Takeshi Yamazaki, 2018. "Existence of Unique Equilibrium in Cournot Mixed Oligopoly," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-13, September.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:nlin/0604061. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.