Advertisement

Recent Developments in the Theory of Limit-Pricing

  • A. Koutsoyiannis

Abstract

Sylos-Labini1 developed a model of limit-pricing based on scale-barriers to entry. His model is clumsy, due to its unnecessarily stringent assumptions and the use of arithmetical examples. However, his analysis of the economies-of-scale barrier is more thorough than that of Bain. He highlighted the determinants of the limit price and discussed their implications, thus providing the basis for Modigliani’s more general model of entry-preventing pricing.

Keywords

Small Firm Large Firm Plant Size Demand Curve Limit Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© A. Koutsoyiannis 1975

Authors and Affiliations

  • A. Koutsoyiannis
    • 1
  1. 1.University of WaterlooCanada

Personalised recommendations