Competitive Profits in the Long Run

DOI10.2307/2297929zbMath0749.90013OpenAlexW1992855111MaRDI QIDQ3989001

Val Eugene Lambson

Publication date: 28 June 1992

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297929

zbMATH Keywords

dynamic model of perfect competitionlong-run average profit rates

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items (8)

The effects of sunk costs on entry and exit: Evidence from 36 countries ⋮ Land conversion pace under uncertainty and irreversibility: too fast or too slow? ⋮ Entry, exit, and imperfect competition in the long run. ⋮ Externality control and endogenous market structure under uncertainty: the price vs. quantity dilemma ⋮ Consumer inertia, firm growth and industry dynamics. ⋮ Empirical implications of alternative models of firm dynamics ⋮ One-way spillovers, endogenous innovator/imitator roles, and research joint ventures ⋮ Production externalities and investment caps: a welfare analysis under uncertainty

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