The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Rising Supply Price

  • Peter Newman
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1360-1
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Abstract

Rising supply price’ is a name that partial equilibrium theorists give to their encounters with general equilibrium reasoning. Such encounters must have occurred ever since economics began but for us the story begins in 1912 with Pigou, who asserted that:These conclusions led him to argue that taxes should be placed on decreasing returns industries and bounties on increasing returns industries. Assuming, what Clapham (1922) seriously doubted, that actual industries can be sorted into such boxes, this is a policy recommendation that appears remarkably specific in content and general in application.

Keywords

General Equilibrium Imperfect Competition External Economy Actual Industry Supply 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.
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Copyright information

© The Author(s) 1987

Authors and Affiliations

  • Peter Newman
    • 1
  1. 1.