The internal consistency of perfect competitionArticleAuthors: Jakob Kapeller
1,2; Stephan Pühringer
1,2
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Jakob Kapeller;Stephan Pühringer
- 1 University of Linz
- 2 University of Linz - Johannes Kepler Universität Linz
This article surveys some arguments brought forward in defense of the theory of perfect competition. While some critics propose that the theory of perfect competition, and thus also the theory of the firm, are logically flawed, (mainstream) economists defend their most popular textbook model by a series of apparently different arguments. Here it is examined whether these arguments are comparable, consistent and convincing from the point of view of philosophy of science.
Volume: Volume III Issue 2
Section: Articles
Published on: May 20, 2010
Imported on: December 28, 2022
Keywords: [SHS]Humanities and Social Sciences, [en] perfect competition, mainstream economics, theory of the firm, conflicting assumptions