Re: Microeconomics of cornering

[Eugene Coyle <eugenecoyle@xxxxxxx>]

I hate to put it bluntly like this, but I don't think you should read any
of that Industrial Org stuff.

Take a look at Steve Keen's new book, Debunking Economics where he takes
apart that stuff, including Stigler, et. al.

He also has a web site, I think it is WWW.debunkingeconomics where he goes
through the supply and demand curves and persuades that it is bunkum.  Of
course I was already persuaded.  But he takes the neo-classicals on their
own static ground and shows how they are wrong.

Gene Coyle

Michael Pollak wrote:
> 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