Perfect competition and increasing returns A partial equilibrium analysis
(2026) , 10 pages
Files
CORE_DP_2026-02.pdf
Open Access - Adobe PDF
- 712.48 KB
Details
- Authors
- Abstract
- The purpose of the present paper is to challenge the standard textbook analysis of perfect competition based on profit maximisation and the associated "price equal marginal cost" rule leading to an increasing market supply curve.
- Affiliations
Citations
Dehez, P., & Dreze, J. (2026). Perfect competition and increasing returns A partial equilibrium analysis (LIDAM Discussion Paper CORE 2026/02). https://hdl.handle.net/2078.5/266488