Perfect competition and the creativity of the market

Authors
Makowski, L Ostroy, JM
Citation
L. Makowski et Jm. Ostroy, Perfect competition and the creativity of the market, J ECON LIT, 39(2), 2001, pp. 479-535
Citations number
82
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMIC LITERATURE
ISSN journal
00220515 → ACNP
Volume
39
Issue
2
Year of publication
2001
Pages
479 - 535
Database
ISI
SICI code
0022-0515(200106)39:2<479:PCATCO>2.0.ZU;2-L
Abstract
The complete theory of competition cannot be known because it is an open-en ded theory; it is always possible that a new range of problems will be pose d in this framework, and then, no matter how well-developed the theory was with respect to the earlier range of problems, it may require extensive ela boration in respects which previously it had glassed over or ignored.