Exploitation in neoclassical general equilibrium
de Meza, D.
(1979).
Exploitation in neoclassical general equilibrium.
Economics Letters,
3(2), 103-107.
https://doi.org/10.1016/0165-1765(79)90100-9
(1979).
Exploitation in neoclassical general equilibrium.
Economics Letters,
3(2), 103-107.
https://doi.org/10.1016/0165-1765(79)90100-9
Amongst other results, it is shown that in exploiting its ability to drive down the price of its intensive factor a constant returns monopoly operating in a two-sector economy may produce more than would a competitive industry.