Re: Microeconomics of cornering

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

try

Stigler, George. 1965. "The Dominant Firm and the Inverted Umbrella."
Journal of Law and Economics, 8 [October): pp. 167-172.


On Sat, Aug 02, 2003 at 07:25:33PM -0700, Devine, James wrote:
> I remember reading about it in Frederich Sherer''s (old-fashioned) Industrial Organization textbook.
> Jim
>
>       -----Original Message-----
>       From: Michael Pollak [mailto:mpollak@xxxxxxxxx]
>       Sent: Sat 8/2/2003 6:48 PM
>       To: PEN-L@xxxxxxxxxxxxxxxx
>       Cc:
>       Subject: Re: [PEN-L] Microeconomics of cornering
>
>
>
>       On Sat, 2 Aug 2003, Devine, James wrote:
>
>       > this seems related to the model often used in industrial organization of
>       > the dominant firm facing a competitive fringe. The firm takes the supply
>       > curve (quantity supplied at each price) of the competitive fringe for
>       > granted and then acts as if it were a monopoly.
>
>       Can anyone recommend a clear and concise exposition of this model I could
>       read?  Or an introduction to the literature on it?  Any suggestions
>       appreciated.
>
>       Michael
>
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx