In neoclassical theory, product differentiation provides consumers with a variety of different products within a particular industry, rather than a homogeneous product that characterizespurely competitive markets.
This article provides a new synthesis between the strategic management literature and Austrian capital theory. The resource allocation process plays out in the context of differing subunit preferences
Rothbard realizes that the economy is not competitive, that it is shot through with elements of monopoly. The left-wing Chamberlinians used this as a beautiful handle to combine with the Marxists
Most economists would, given the opportunity, offer some proposal to reform antitrust policy. Some would contend that this or that aspect of antitrust law should be eliminated or more weakly enforced.
Using Mises’s concept of economic calculation, this paper explains why conglomerates are frequently observed in emerging economies across the world.
Although bits and pieces of "Competition as a Discovery Procedure" began to appear in English as early as the 1970s, the translator discovered that, by the time he assumed emeritus status in 1998, no full translation of the original 1968 Kiel version was yet extant.
Cartels, characterized by activities such as simultaneous price increases or decreases, or virtual price identity at almost the same time, without explicit communications or agreements, have long been discussed.
Robert Nozick’s widely hailed Anarchy, State, and Utopia has been analyzed primarily in terms of the arguments he engages in with his fellow
When government monopolization of the roadways is discussed by economists, the “externalities” argument is usually raised.
As every honest man knows, crime doesn’t pay. Our main problem is that apparently no one has yet told the criminals.
