Perfect competition, the profit criterion, and the organization of economic activity

DOI10.1016/0022-0531(80)90041-1zbMath0431.90018OpenAlexW2055528803MaRDI QIDQ1138468

Louis Makowski

Publication date: 1980

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(80)90041-1

zbMATH Keywords

perfect competitionefficient market mechanismsorganization of economic activityprofit criterion

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (6)

Contracts and externalities: how things fall apart ⋮ Fixed price and quality signals ⋮ Optimism and firm formation ⋮ Perfect competition and optimal product differentiation ⋮ Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach ⋮ Shareholders' choice

Cites Work

• A characterization of perfectly competititve economies with production
• Perfect competition and optimal product differentiation
• The no-surplus condition as a characterization of perfectly competitive equilibrium
• A characterization of the optimality of equilibrium in incomplete markets
• Monopolistic Competition in a Large Economy with Differentiated Commodities
• On Shareholder Unanimity in Large Stock Market Economies
• State Constraints in Convex Control Problems of Bolza

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