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Imperfection Comeptition Essay

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Below is an essay on "Imperfection Comeptition" from Anti Essays, your source for research papers, essays, and term paper examples.

The Theory of Imperfect Competition: a Review of the Post-Keynesian Contribution CARLOS EDUARDO SCHÖNERWALD DA SILVA Resumo: De acordo com a teoria pós-Keynesiana, cada planta da firma é construída em uma escala menor do que a escala ótima. Então, segundo esta escola, o custo médio de longo-prazo pode diminuir e gerar uma situação de retornos crescentes, esta situação não estava devidamente explicitada na teoria microeconômica tradicional. A escola pós-Keynesiana ficou conhecida por sua contundente crítica a tradicional escola neoclássica, crítica essa que estimulou o desenvolvimento das teorias sobre a organização industrial das firmas. O artigo pretende apresentar os principais pontos criticados e discutidos pelos autores pós-keynesianos, bem como, as suas contribuições para o desenvolvimento futuro da teoria da concorrência imperfeita. Palavras-chave: Concorrência Perfeita, Concorrência Imperfeita, e teoria microeconômica pós-Keynesiana Abstract: The excess capacity, according to post-Keynesian authors, is the fact that each plant is built on a less than the optimum scale. After that, the long-run average cost can decrease and lead to the situation of increasing returns, so raising the demand will promote an industrial organization in a direction to long-term plant that surely will generate more output comparatively to the short-term plant. Thus, they point out that the theory of perfect competition does not provide the groundwork to analyze increasing returns of scale, even in the long run. The paper presents the main points criticized and discussed by the postKeynesian authors, such as their contributions for the future development of theory of imperfect competition. Key words: Perfect Competition, Imperfect Competition, and post-Keynesian

microeconomics theory. Classificação JEL: D01 - Microeconomic Behavior: Underlying Principles. L11 - Production, Pricing, and Market Structure; Size Distribution of Firms.

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Introduction Piero Sraffa, in 1926,...

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