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References
Particularly inMan, Economy, and State, 3rd ed. (Auburn, Ala.: Ludwig von Mises Institute, 1993). In the present paper we rely mainly on this book, from which we extracted all quotations for which pages are given without any further indication.
We have developed this view in a short book,La concurrence, in theQue sais-je? collection (Paris: Presses Universitaires de France, 1995).
Murray Rothbard,Man, Economy, and State, p. 565.
Ibid., p. 569.
Ibid., p. 584.
Ibid., p. 570.
This term seems to have been used first by the economists of Bell Co. It is used, for instance, in W. Baumol, J. Panzar, J. C. Willig,Contestable Markets and the Theory of Industry Structure (New York: Harcourt, Brace, Jovanovich, 1982).
As Murray Rothbard rightly wrote, “The critical problem is not the size of the plant, but the size of the firm” (Man, Economy, and State, p. 577) and “Economics can make few valid statements about the optimal size of a firm except that the free market will come as close as possible to rendering maximum service to consumers, whether we are considering the size of a firm or any other aspect of production” (Ibid., p. 578).
K. T. Lancaster, “A New Approach to Consumer Theory,”Journal of Political Economy (April 1966); reprinted inModern Consumer Theory (Brookfield, Vt. and Aldershot, England: Edward Elgar, 1991).
Rothbard,Man, Economy, and State, p. 572; emphasis in the original.
“In many cases, a cartel can be considered as simply a tentative step in the direction of permanent merger,” ibid., p. 573.
Ibid., p. 579.
Ronald H. Coase, “The Nature of the Firm,”Economica (1932).
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Salin, P. Cartels as efficient productive structures. Rev Austrian Econ 9, 29–42 (1996). https://doi.org/10.1007/BF01103328
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DOI: https://doi.org/10.1007/BF01103328