The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Monopolistic Competition

  • G. C. Archibald
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1153

Abstract

There is at least an oral tradition that the origin of theories of monopolistic competition is Sraffa’s (1926). In the case of Joan Robinson (1933) this may well be true. In the case of Edward Chamberlin (1933) it cannot be: the book was developed from a Ph.D. thesis supervised by Allyn A. Young submitted on 1 April 1927. Indeed, Chamberlin (1933, p. 5 n.) refers to Sraffa’s paper as appearing ‘since the above was written’.

Keywords

Advertising Chamberlin, E. H. Characteristics Discriminating monopoly Efficient allocation Entry Excess capacity Goods approach versus characteristics approach Hotelling, H. Imperfect competition Increasing returns Labour market discrimination Marginal productivity theory Market failure Monopolistic competition Monopsony Non-convexithy Ologopoly Optimality Planning Price discrimination Quasi-rent Robinson, J. V. Side-payments Spatial competition Tangency solution 

JEL Classifications

D4 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • G. C. Archibald
    • 1
  1. 1.