Competition, Monopoly, and Differential Profit Rates: On the Relevance of the Classical and Marxian Theories of Production Prices for Modern Industrial and Corporate Pricing

Willi Semmler

Published by Columbia University Press 1984

Competition, Monopoly, and Differential Profit Rates

On the Relevance of the Classical and Marxian Theories of Production Prices for Modern Industrial and Corporate Pricing

Willi Semmler

https://doi.org/10.7312/semm90706

Overview
Contents

About this book

Presents a framework for the interpretation of the empirical phenomena of modern industrial and corporate pricing and profits through a reinterpretation of classical and Marxian theories and concepts of long-run prices and profits. Also discusses how modern empirical findings can be reconciled with the classical and Marxian theories of competition, production prices, and average profit rates.

Topics

Frontmatter Publicly Available Download PDF	I
Contents Publicly Available Download PDF	VII
Preface and Acknowledgments Publicly Available Download PDF	XI
Symbols Publicly Available Download PDF	XIII
Part 1 . On Theories of Competition and Their Empirical Predictions
Chapter 1. Introduction and Overview Requires Authentication Unlicensed Licensed Download PDF	1
Chapter 2. On Theories of Competition Requires Authentication Unlicensed Licensed Download PDF	9
Part 2. Empirical Evidence on Industrial and Corporate Pricing and Differential Profit Rates
Chapter 3. Empirical Evidence on Industrial and Corporate Pricing Requires Authentication Unlicensed Licensed Download PDF	53
Chapter 4. Empirical Evidence on Differential Profit Rates for Industries and Firms Requires Authentication Unlicensed Licensed Download PDF	106
Part 3. Empirical Studies and the Classical and Marxian Theories
Chapter 5. Production Prices, Single-Product Industries, and Industrial Pricing Requires Authentication Unlicensed Licensed Download PDF	139
Chapter 6. Production Prices, Joint Production, and Corporate Pricing Requires Authentication Unlicensed Licensed Download PDF	160
Chapter 7. Market Power and Corporate Power—Some Conclusions Requires Authentication Unlicensed Licensed Download PDF	190
Appendixes
Appendix 1. Technical Change and Change in Values Requires Authentication Unlicensed Licensed Download PDF	197
Appendix 2. Technical Change and Change in Production Prices Requires Authentication Unlicensed Licensed Download PDF	201
Appendix 3. Joint Production, Uniform Profit Rate, Prices, and Nonsubstitution Requires Authentication Unlicensed Licensed Download PDF	205
Appendix 4. Joint Production, Differential Profit Rates, and Prices Requires Authentication Unlicensed Licensed Download PDF	209
Appendix 5. The Law of Supply and Demand: The Existence and Stability of a General Equilibrium Requires Authentication Unlicensed Licensed Download PDF	212
References Requires Authentication Unlicensed Licensed Download PDF	217
Index Requires Authentication Unlicensed Licensed Download PDF	231

Language: English
Publisher: Columbia University Press
Audience: College/higher education;
Pages
- Main content: 240

eBook

Published: May 6, 2019
ISBN: 9780231880084